Slide 1: Methode Electronics Earnings Presentation
Methode Electronics Earnings Presentation Third Quarter Fiscal 2026 March 6, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private • Our lengthy sales cycle; Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to • Potential work stoppages; current events and financial p
Slide 3: Financial Summary
Financial Summary Fiscal $234M $7.3M $10.1M 3Q’26 Net Sales Adjusted EBITDA* Free Cash Flow* Fiscal $721M $40.6M $16.5M ** YTD’26 Net Sales Adjusted EBITDA* Free Cash Flow* • Industrial sales up 9.5% for the quarter, driven by off-road lighting and data center applications • Continued our transforma
Slide 4: Transformation Update
Transformation Update Where We Are 0-6 Months 6-12 Months 12-18 Months+ Stabilize the Base - Drive Launch Execution Install New Team - Revamp Mexico and - Diagnose Operations and Supply Remediate Practices Egypt Plants Chain - Build Executive Team - Address Inventory Management Leverage Synergies -
Slide 5: Portfolio Optimization: Sale of dataMate business
Portfolio Optimization: Sale of dataMate business • Supplier of copper transceivers to enterprise networking and telecom Business customers within the Interface segment Overview • Focused on data-over-copper and single pair powered ethernet solutions Furthering our • Aligns resources with data cente
Slide 6: Power Solutions Offerings
Power Solutions Offerings Highlights Net Sales ($ Millions) 25% CAGR Leveraging 60+ years of power distribution Experience ~$280 engineering expertise $252 $189 Recent results driven by EVs, data centers End Markets and mil/aero applications $153 $116 Expect growth in 800-volt busbars, Products inte
Slide 7: Operational and Strategic Priorities
Operational and Strategic Priorities • Harmonizing operating practices and processes across businesses and geographies with Foundational intensive business reviews at our manufacturing facilities Actions • Driving operating excellence and continuous improvement with 11 manufacturing site visits to E
Slide 8: Fiscal 3Q 2026 Financial Review
Fiscal 3Q 2026 Financial Review Reported Financials Adjusted Financials* ($M, except EPS) ($M, except EPS) Net Sales Commentary Commentary Adjusted EBITDA • Lower volumes Y/Y in Automotive • Adjusted EBITDA down Y/Y due to (3%) segment due to reduction in Electric (41%) lower sales volumes and mix V
Slide 9: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Operating Cash Flow ($M) Net Debt ($M)*(1) $28.1 $15.4 $224.1 $207.2 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Free Cash Flow ($M)* $19.6 $10.1 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Reduced net debt by $16.9M or 8% year-over-year Generated +$16.5M of
Slide 10: Fiscal 2026 Guidance
Fiscal 2026 Guidance Fiscal 2025 Fiscal 2026 $ Millions FY26 Guidance Commentary Actuals Current Guidance • Dynamic operating environment could impact results Net sales $1,048 $950-1,000 • Does not include sale proceeds from dataMate or Harwood Interest expense $22 $21-23 Heights • Does not include
Slide 11: Key Takeaways
Key Takeaways ✓ Continued progress on strategic transformation while managing near-term volatility ✓ Industrial segment momentum, especially data center power solutions ✓ Automotive segment pressured in North American market; EMEA remains steady ✓ Aggressively driving free cash flow and net debt red
Slide 12: Thank You
AETHODE ELECTRONICS Thank You
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement the company's financial statements presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Methode uses Adjusted Net Income (Loss), Adjusted Diluted Earnings (Loss) Per Share, Adjusted Pre-Tax Income (Loss), Adjus
Slide 14: Appendix: Reconciliation of Non-GAAP Measures
METHODE ELECTRONICS, INC. AND SUBSIDIARIES Appendix RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions) Three Months Ended Nine Months Ended January 31, February 1, January 31, February 1, 2026 2025 2026 2025 (13 Weeks) (13 Weeks) (39 Weeks) (40 Weeks) EBITDA: Net loss $ (15.9) $ (14.4) $
Slide 15: Appendix: Reconciliation of Non-GAAP Measures
Appendix METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions, except per share data) Three Months Ended January 31, 2026 (13 Weeks) February 1, 2025 (13 Weeks) Diluted Diluted Income Pre-tax Income Pre-tax Net income income Net income income (loss)