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Slide 2: Disclaimer
Disclaimer General Basis of Presentation The information contained in this presentation does not purport to be all inclusive or to contain all information that prospective investors may GAAP require. Prospective investors are encouraged to conduct their own Unless otherwise stated, all historical an
Slide 3: What is PCB?
What is PCB? General PCB Types ✓ Every electronic system contains an electronic printed circuit board ✓ PCBs are constructed from a variety of base raw materials and metals. (PCB), upon which are integrated several electronic components. The A standard PCB can be double-sided or multi-layered and ma
Slide 4: Eltek History & Overview
Eltek History & Overview Petach Tikva, NADCAP, AS9100D, Founded in 1970, Eltek is a global PCB manufacturer. Israel ISO9001:2015, UL 94V-0 We have over 50 years of experience in the manufacture and supply Location Key Qualifications of complex and high-quality PCBs, HDI, multilayered and flex-rigid
Slide 5: Where Eltek PCBs are Used
Where Eltek PCBs are Used Rafael Iron Dome Opgal Imaging Systems Lockheed Martin F-35 Medtronic's PillCam Elta Radar Systems IAI Arrow ASN Satellites Corp Flir Thermal Systems 5 * Footer
Slide 6: Where Eltek PCBs are Used (Cont.)
Where Eltek PCBs are Used (Cont.) J&J SMARTABLATE Controp Vision Systems Smart Shooter ASML systems Netline Systems HiSky satellite communicationn Tandem Insulin Pumps Nyxoah Genio 6 * Footer
Slide 7: Where We Shine
Where We Shine Strong Portfolio of Customers Eltek is a leading global manufacturer of quality and highly-reliable printed circuit boards (PCBs)—creating rigid, flex-rigid, and flex PCBs for use in a variety of industries, including Aerospace, Military, Medical, Satellite, and many others. We are an
Slide 8: PCB Manufacturing Trends
PCB Manufacturing Trends For several decades PCB manufacturers in the West PCB Manufacturing by Region* have disappeared—leaving global manufacturing highly concentrated in China and Taiwan. Europe & US 10% China’s PCB dominance and global security issues have caused western government and companies
Slide 9: High Barriers for New Entrants in PCB Production
High Barriers for New Entrants in PCB Production Technical “Know-How” There are no university degrees for PCB production, engineers become experts in PCBs on the job and advance over time The Western world is looking to shift back to purchasing Western Machine Infrastructure Cost produced PCB’s, but
Slide 10: Growing to Satisfy Market Appetite
Growing to Satisfy Market Appetite R&D programs in Unlocking 30% in Horizontal merger $15 million accelerated partnership with Israeli additional production to fuel growth, both investment program will innovation authorities. capacity via a 3rd shift in domestically and gradually increase capacity D
Slide 11: What Makes Eltek Unique
What Makes Eltek Unique 50 years of operational history developing PCBs ITAR and EAR Pioneers in Constant High-Mix, Certifications Flex PCBs R&D Low-Volume Certifications allow Eltek to Eltek is a brand-name in Bringing advanced tech Our proprietary production sell to defense contractors the Flex PC
Slide 12: Massive Global Opportunity Size
Massive Global Opportunity Size Total Available Market* Global PCBs, 2028 $100B $30B Serviceable Addressable Market* $6B-$10B – Global Flex-Rigid PCBs, 2028 Estimated High mix, Low volume for Defense, Aerospace and Medical markets Current Revenue Capacity – Single Facility at 70%-90% Capacity + acce
Slide 13: Generating Profits in a Capital Intensive Industry
Generating Profits in a Capital Intensive Industry Complex Flex PCB Rigid PCB manufacturing supports the capital-intensive Manufacturing with fixed costs of our facility, machinery, and staffing— 50%+ Positive Contribution ensuring that Eltek reaches its break even point. Breakeven Point Eltek’s Fle
Slide 14: Setting the Stage for Rampant Growth
Setting the Stage for Rampant Growth PROFIT (K$) In 2018, newly hired Eltek management led a 2024-2026 turnaround plan and implementation of “Achieving 2018-2023 Competitive Excellence”. 2016-2018 SALES (K$) Our turnaround targeted higher operational (BEP) efficiency by reducing fixed costs and impr
Slide 15: Eltek Growth Pillars
Eltek Growth Pillars Business Excellence Operational Efficiency Market Share Expansion Right pricing Adopt Achieve Competitive Excellence Focus on the US and India markets program (ACE-similar to 6-sigma) Product rationalization Look for M&A transaction (US or Europe) Use big data technology for PCB
Slide 16: Experienced Leadership Team
Experienced Leadership Team Eli Yaffe Tomer Segev CEO VP Sales and Marketing Eli Yaffe joined Eltek as CEO in July 2018. Prior to joining Eltek, Eli served Tomer Segev joined Eltek as VP Sales & Marketing in June 2024. Tomer as the CEO of Carmel Forge Ltd. (Aerospace), and prior thereto he served ha
Slide 17: Experienced Leadership Team (Cont.)
Experienced Leadership Team (Cont.) Yaniv Luria Raviv Segev Chief Information Officer VP of Technology & Process Engineering Joined Eltek in July 2024 as Chief Information Officer. From 2000 to joined Eltek in November 2025 as Vice President of Technology & Process 2021, Mr. Luria served as Director
Slide 18: 2025 Revenues
2025 Revenues By Geography By Sector Others Defense & Aerospace 8% 73% India 7% Netherlands 8% CEM, Distributors & Others North America Israel 11% 8% 69% Medical Equipment 7% Industrial 9% 19 18
Slide 19: Customers and SKUs (2025)
Customers and SKUs (2025) Customer Distribution by Sales High Mix, Low Volume 70 13000 60 11000 50 9000 No. of Customers Annual sales - $ 40 7000 30 5000 20 3000 10 1000 0 0-50 50-150 150-400 400-800 800-5,000 5,000> Annual Production – PCBs per SKU Annual Sales per Customer - $ 20 19
Slide 20: Financial Snapshot
Financial Snapshot Revenues Gross Profit Income before income taxes 9M Thousands 55M 14M 28.1% 16.5% 52 8M Thousands Thousands 50M 12M 7M 47 47 22.2% 10M 6M 45M 20.8% 10.9% 21.1% 15.4% 8M 5M 40 20.4% 40M 9.7% 37 4M 6M 34 3M 7.3% 35M 4M 2M 4.4% 30M 2M 2.1% 1M 25M 0M 0M 2020 2021 2022 2023 2024 2025 2
Slide 21: Financial Snapshot (Cont.)
Financial Snapshot (Cont.) Net Cash & Bank Deposits Net Worth / Total Assets Working Capital 25.8 25.0 25M 80% Thousands 17.24 23M 75% 70.5% 21M 16M 70% 69.1% 12.14 12.12 19M 65% 17M 16.1 11M 60% 57.0% 15M 13.3 12.9 55% 50.1% 13M 4.65 49.3% 6M 3.90 50% 11M 45% 9M 1M 40% 7M 31.3.2026 $67.9M $44.3M $3
Slide 22: Company Capitalization
Company Capitalization As of March 31, 2026, Eltek has 6,719,827 issued and outstanding shares: Nistec 3,942,462 56.2% Yitzhak Nissan (Chairman) 165,223 2.5% Total Nistec and Yitzhak Nissan 3,942,462 58.7% Public Float 2,777,365 41.3% Total 6,719,827 100.0% As of March 31, 2026: 444,772 Outstanding
Slide 23: Business Factors Implications
Business Factors Implications Medical sector Local and US Exchange rate Qualified labor availability European Defense Defense budgets Market Demand Vs. western Raw materials prices Footprint in India Aerospace sector Footprint in the USA world capacity and availability Installed capacity Energy Pric
Slide 24: Contact Us
Contact Us www.nisteceltek.com Executive offices & manufacturing facility Eltek Ltd. 20 Ben Zion Gelis Street Petach Tikvah, 4927920, Israel Tel: +972 3 939 5050 Fax: +972 3 9342584 Email: investor-contact@nisteceltek.com Customer Service Sales – Engineering Eltek USA Inc. Phone: (480) 716-8645 Emai