Slide 1: Methode Electronics Earnings Presentation
Methode Electronics Earnings Presentation First Quarter Fiscal 2027 September 3, 2026
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities • Risks related to our exposure to technological change, customer concentration, and cyclical demand Litigation Reform Act of 1995 that reflect, when made, our current views
Slide 3: Q1 2027 Overview
Q1 2027 Overview Q1 2027 HIGHLIGHTS FINANCIAL HIGHLIGHTS (as of 8/1/2026) GROWING SALES PIPELINE, DRIVING AWARDS ACROSS SEGMENTS Q1 2027 Net Sales Cash & Cash Equivalents Booked new non-data center awards totaling ~$75M of peak annual revenue (~$400M lifetime revenue) $265.4M $116.2M Up 10% YoY STRO
Slide 4: Two Years of Transformation Progress
Two Years of Transformation Progress – With Significant Opportunity Still Ahead What We’ve Done (Over the last 24 months) Our Focus Moving Forward Reshaped Leadership Team Further Operational Improvement Replaced nearly half of top 100 leadership roles globally and While Driving Sustainable Growth i
Slide 5: New Awards, Proving We Are Earning the Right to Win
New Awards, Proving We Are Earning the Right to Win Responding to Customer/Market Needs Driving New Awards Stronger Coordination Between Commercial and Engineering Teams Cross-functional alignment is accelerating problem solving, improving communication and strengthening execution ~$75M ~$400M Local
Slide 6: Global Operational Improvements
Global Operational Improvements Driving Operational Excellence Across Our Footprint Actions Showing Results Installed experienced leadership teams Egypt Malta Mexico Leveraging one global operating model across all regions Repositioning footprint and open capacity toward growth markets +700bps ~$5M
Slide 7: Power Solutions Offerings Positioned Across Multiple High-Growth End Markets
Power Solutions Offerings Positioned Across Multiple High-Growth End Markets Power Solutions Offerings Positioned Across Multiple High-Growth End Markets HIGHLIGHTS Net Sales ($ Millions) OUTLOOK BY MARKET EXPERIENCE ~30% CAGR DATA CENTER Leveraging 60+ years of power $400 • Accelerating USMCA capab
Slide 8: Financial Overview
Financial Overview NET SALES BRIDGE (Q1 2026 to Q1 2027) +$24.9 million 27.7 (8.0) 3.3 265.4 240.5 1.9 Q1 2026 Net Sales Currency Volume/Mix Portfolio Refinements Customer Recoveries Q1 2027 Net Sales ADJUSTED EBITDA* BRIDGE (Q1 2026 to Q1 2027) -$2.0 million One-time in nature Recovery actions (lag
Slide 9: Q1 2027 Results By Segment
Q1 2027 Results By Segment AUTOMOTIVE INDUSTRIAL INTERFACE NET SALES OPERATING LOSS NET SALES OPERATING INCOME NET SALES OPERATING LOSS $105.7M $(11.7)M $156.8M $31.6M $2.9M $(0.8)M -0.4% YoY +6% YoY +27% YoY +19% YoY -73% YoY -127% YoY KEY DETAILS KEY DETAILS KEY DETAILS • Operating loss narrowed 6
Slide 10: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow TOTAL DEBT* ($M) Q1 2027 Cash Usage $325.0 $310.5 $(7.8)M $3.1M $(10.9)M Cash Used for Capex Free Cash Operations Outflow* FY 2026 Q1 2027 Cash outflow mainly timing – Higher working capital, partially offset by customer recoveries NET DEBT* ($M) Successfully amended revolv
Slide 11: Capital Allocation Framework
Capital Allocation Framework STRENGTHEN FUND CORE REINVEST RETURN BALANCE SHEET OPERATIONS SELECTIVELY CAPITAL Strengthen our financial Ensure safe, reliable and Invest in high-ROI opportunities Return capital to shareholders foundation and maintain efficient operations that that drive growth and en
Slide 12: FY 2027 Priorities & Affirming Guidance
FY 2027 Priorities & Affirming Guidance FY 2027 GUIDANCE RANGE ($ Millions) OPERATIONS • Continue improving manufacturing performance Drive Consistent • Further optimize manufacturing and supply chain Net Sales $1,025 to $1,075 Execution • Continue reducing costs and driving inventory efficiency Adj
Slide 13: Appendix
AETHODE ELECTRONICS Appendix
Slide 14: Affirming FY 2027 Guidance
Affirming FY 2027 Guidance FY 2027 SALES GUIDANCE NET SALES BRIDGE (FY 2026 → FY 2027) | +3% vs. FY 2026 • Sales growth +8% Y/Y, excluding FY26 actions of FY 2026 Actions ($45M) $1,050 • Data center growth +$50M $1,019 • Commercial vehicle market growth • Other reflects the net of other volume and m
Slide 15: 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 Earnings (Loss) Per Diluted Share, Adjusted Pre-Tax Income (Loss), Adjus
Slide 16: Reconciliation of Non-GAAP Measures
METHODE ELECTRONICS, INC. AND SUBSIDIARIES Appendix RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions) Three Months Ended August 1, 2026 August 2, 2025 (13 Weeks) (13 Weeks) EBITDA: Net income (loss) $ (11.4) $ (10.3) Income tax expense 4.1 4.2 Interest expense, net 5.2 5.9 Amortization o
Slide 17: 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 August 1, 2026 (13 Weeks) August 2, 2025 (13 Weeks) Income (loss) from Pre-tax income Diluted income Income (loss) from Pre-tax income Diluted i