Rogers Corporation · NYSE:ROG
Rogers — Investor Presentation (March 2025)
17 slides from Rogers's investor presentation, March 2025
Slide 1: Investor Presentation March 2025
Investor Presentation MARCH 2025 1
Slide 2: Forward-looking statements
Forward-looking statements Safe Harbor Statement Statements included in this presentation that are not a description of historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 193
Slide 3: Non-GAAP and Additional Information
Non-GAAP and Additional Information Non-GAAP Information This presentation includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”): (1) Adjusted EBITDA, which the Company defines as net inco
Slide 4: Company Overview
ROGERS CORPORATION \ Company Overview
Slide 5: Our Strategy
Our Strategy Rogers’ proven strategy remains unchanged a MARKET a INNOVATION a OPERATIONAL SYNERGISTIC DRIVEN LEADERSHIP EXCELLENCE M&A A market-driven Leveraging our Driving operational Targeting M&A business aligned to innovation leadership to excellence to ensure opportunities with industries wit
Slide 6: Rogers At A Glance
Rogers At A Glance 3,200 EMPLOYEES $830 MILLION OF REVENUE IN 2024 Germany U.K. Illinois Belgium Hungary Multiple Sites: 15 MANUFACTURING FACILITIES S. Korea CT, RI, DE 3 GLOBAL INNOVATION CENTERS Arizona China >5,000 CUSTOMERS IN 70 COUNTRIES 76
Slide 7: Who We Are
Who We Are Rogers’ Technologies Solve Complex Challenges Advanced Safety & Extend EV Range Autonomous Driving ADVANCED MATERIAL High Efficiency Critical Defense Communications SOLUTIONS Energy Conversion Improved Reliability in Smartphone Durability Industrial Technologies 7
Slide 8: Rogers Technology
Rogers Technology Solving our customers’ most complex challenges HIGHLY ENGINEERED | DIFFERENTIATED OFFERINGS | MARKET LEADERSHIP BRANDS KEY MARKETS Advanced Electronics Metalized ceramic substrates used in power electronics Electric Solutions (AES) Power interconnects for high Vehicles ADAS current
Slide 9: Driving Innovation In Our Markets
Driving Innovation In Our Markets General Industrial Automotive Radar Portable Electronics (ADAS) Electric Vehicles Wireless Infrastructure Aerospace & Defense Renewable Energy 9
Slide 10: EV Growth Opportunities
EV Growth Opportunities EV solutions enable improved system performance & lower total cost of ownership 1 2 3 curamik® power substrates Battery solutions Automotive Radar (ADAS) • Advanced packaging for SiC and IGBT Power • Improve efficiency and reliability of EV/HEV batteries • Low-loss dielectric
Slide 11: Financial Overview
Financial Overview CONFIDENTIAL 11
Slide 12: Capital Allocation Priorities
Capital Allocation Priorities • Capital expenditures for capacity to support market growth Drive Organic Growth • Investments in R&D, sales and other capabilities to support growth • Maintain efficient capital structure Debt Management • Flexibility to support growth • Disciplined approach to acquis
Slide 13: 2024 Results Summary
2024 Results Summary Net Sales Gross Margin % in $M $908 33.8% 33.4% $830 2023 2024 2023 2024 Free Cash Flow* Adjusted EBITDA %* in $M $74 $71 16.3% 14.3% 2023 2024 2023 2024 G OOD FREE CASH FLOW G ENERATION D ESPITE LOWER SALES *See Appendix for reconciliation of non-GAAP measures. 13
Slide 14: Appendix
\ Appendix ROGERS CORPORATION 14
Slide 15: Results Overview
Results Overview Q4 2024 SUMMARY REVENUE BY MARKET SEGMENT HIGHLIGHTS Significant • Sales, gross margin and earnings in line with expectations Growth Other • Strong aerospace and defense (A&D) sales in Q4 12% EV/HEV • ADAS and EV/HEV sales also improved versus the prior quarter 18% Wireless SIGNI In
Slide 16: 2024: Adjusted EBITDA and Margin Reconciliation
2024: Adjusted EBITDA and Margin Reconciliation ($ in millions) 2024 2023 GAAP Net Income $26.1 $56.6 Acquisitions and Divestiture Related Costs: Acquisition and Related Integration Costs ($7.5) $0.1 Dispositions - $1.6 Intangible Amortization $12.4 $13.4 (Gain) Loss on Sale or Disposal of PPE $0.1
Slide 17: 2024: Free Cash Flow Reconciliation
2024: Free Cash Flow Reconciliation ($ in millions) 2024 2023 Net Cash Provided By Operating Activities $127.1 $131.4 Non-Acquisition Capital Expenditures ($56.1) ($57.0) Free Cash Flow $71.0 $74.4 Note: dollars may not add due to rounding. 17 *Free cash flow defined as net cash provided by operatin