Strattec Security Corporation · NASDAQ:STRT
Strattec Security — Gabelli 48th Annual Automotive Symposium 2024
8 slides from Strattec Security's conference presentation, Nov 5, 2024
Slide 1: Gabelli 48th Annual Automotive Symposium
th Gabelli 48 Annual Automotive Symposium November 5, 2024 Nasdaq: STRT Jennifer Slater President and CEO Dennis Bowe Vice President and Chief Financial Officer www.strattec.com 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Safe Harbor Statement Certain statements contained in this presentation contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as “an
Slide 3: Leader in Smart Vehicle Access, Security and Authorization Solutions
Leader in Delivering Innovative, Comprehensive Smart Vehicle Range of Solutions to the Automotive Industry Access, Security DIGITAL KEY FOB and Authorization Solutions Nasdaq: STRT Founded: 1908 Public: 1995 Headquarters: Milwaukee, WI Market Capitalization: $150M Recent Closing Price: $37.55 52 wee
Slide 4: Leading Capabilities & Low-cost Manufacturing
Leading Capabilities & Low-cost Manufacturing Q1 FY25 REVENUE $139.1M Milwaukee, WI Auburn Hills, MI Q1 FY25 Sales By Customer • STRATTEC • STRATTEC Power Headquarters Access HQ Com’l & Other • Manufacturing • STRATTEC Sales OEMs • Engineering Office Tier 1 • Testing • Engineering • Program 15% 30%
Slide 5: STRATTEC Q1 FY2025 Highlights
• Strong cash generation of $11.3 million • Included reduction in customer tooling balance • Solid balance sheet • $34.4 million in cash STRATTEC • $13 million in JV debt (STRT 51% owner) • Revenue up 2.7%, or 9.1% on adjusted net sales(1) Q1 FY2025 • Solid position on F-Series pickups • New product
Slide 6: Rethinking STRATTEC: Priorities for Transformation
Reimagine product portfolio Rethinking STRATTEC • What do customers want Priorities for Transformation • What has defensible market position • What delivers on profits • What defines future product road map Improve operational efficiency • Supply chain, inventory and operational process • Optimizing
Slide 7: STRATTEC Investment Rationale
STRATTEC Investment Rationale Early stages of transformation Reimagining product portfolios to simplify in leadership positions Improving operational efficiency to drive profits and consistency Developing team and talent to execute change Strong balance sheet to support modernization and upgrade inv
Slide 8: Gabelli 48th Annual Automotive Symposium
Nasdaq: STRT Gabelli 48th Annual Automotive Symposium November 5, 2024 Investor Relations Contact: Deborah K. Pawlowski, Alliance Advisors IR 716-843-3908 dpawlowski@allianceadvisors.com www.strattec.com 8
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