Slide 1: Q2 2021 Earnings Release
Q2 2021 EARNINGS RELEASE July 28, 2021 1
Slide 2: Disclaimers
DISCLAIMERS Important Information About Littelfuse, Inc. This presentation does not constitute or form part of, and should not be construed as, an offer or solicitation to purchase or sell securities of Littelfuse, Inc. and no investment decision should be made based upon the information provided he
Slide 3: Business Update
BUSINESS UPDATE Dave Heinzmann, President & CEO
Slide 4: Q2-21 Key Themes
Q2-21 KEY THEMES Ongoing strong execution within an unprecedented environment Supporting customers while navigating complex operating environment Working to mitigate impact of higher input costs Exceptional teamwork & strong business fundamentals Continued strength across broad range of el
Slide 5: Industrial End Markets Positioned for Continued Growth
INDUSTRIAL END MARKETS POSITIONED FOR CONTINUED GROWTH Q2-21 Highlights Q2-21 Key Design Wins Ongoing strength across HVAC, industrial automation, renewable energy & energy storage systems Captured several new design wins Integration of Hartland Controls going very well Capitalizing on stron
Slide 6: Transportation End Markets Extending Our Leadership Position
TRANSPORTATION END MARKETS EXTENDING OUR LEADERSHIP POSITION Q2-21 Highlights Q2-21 Key Design Wins Strong demand, content growth from EVs & well-equipped passenger vehicles Design activity continues at a robust pace Leveraging technical expertise & close customer relationships Continued mom
Slide 7: Electronics End Markets Leveraging Our Leadership
ELECTRONICS END MARKETS LEVERAGING OUR LEADERSHIP Q2-21 Highlights Q2-21 Key Design Wins Volume & content growth from favorable end market trends Data center & communications infrastructure Building & home automation Consumer electronics Robust design activity Secured a broad range of bu
Slide 8: Financial Update
FINANCIAL UPDATE Meenal Sethna, EVP & CFO
Slide 9: Q2-21 Financial Performance
Q2-21 FINANCIAL PERFORMANCE (in millions) Revenue & EPS Highlights Net sales +13% sequential, +11% excl. Hartland acquisition +70% vs prior year, +57% organic GAAP operating margin 18.4%; adjusted operating margin $523 19.5%, +240bps sequential $464 Seq. incremental margins 38% $307 Effect
Slide 10: Q2-21 Segment Performance
Q2-21 SEGMENT PERFORMANCE (in millions) Electronics Segment Automotive Segment Industrial Segment Revenue Revenue Revenue $325 $287 $129 $133 $223 $65 $49 $62 $22 Q2-20 Q1-21 Q2-21 Q2-20 Q1-21 Q2-21 Q2-20 Q1-21 Q2-21 Op Op Op Margin 14.6% 19.4% 22.8% Margin (14.3%) 15.8% 14.4% Margin (0.1%) 7.2% 12.
Slide 11: Q3-21 Guidance
Q3-21 GUIDANCE (in millions) Revenue & EPS Highlights Key assumptions Incorporates known customer/supplier supply chain impacts No new material COVID disruptions Total Q3 revenue down 1% sequentially at midpoint $510 $523 - Q3 adjusted EPS at midpoint down 8% sequentially $392 $524 15 ce
Slide 12: Key Takeaways
KEY TAKEAWAYS Strong first half performance within an ongoing dynamic market environment H2 demand remains strong, supported by order backlog & bookings Sound business fundamentals Well-positioned for continued profitable growth consistent with long-term strategy Littelfuse, Inc. © 2021 12
Slide 13: Q&A
Q&A Littelfuse, Inc. © 2021 13
Slide 14: Appendix
APPENDIX Littelfuse, Inc. © 2021 14
Slide 15: Supplemental Financial Information
SUPPLEMENTAL FINANCIAL INFORMATION Littelfuse, Inc. © 2021 15
Slide 16: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2021 16
Slide 17: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2021 17
Slide 18: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Non-GAAP EPS reconciliation Q3-20 GAAP diluted EPS $ 2.25 EPS impact of Non-GAAP adjustments (below) (0.09) Adjusted diluted EPS $ 2.16 Non-GAAP adjustments - (income)/expense Q3-20 Acquisition-related and integration costs (a) $ 0.3 Goodwill impairment char