Slide 1: Earnings Presentation First Quarter Fiscal 2026
Methode Electronics, Inc. Earnings Presentation First Quarter Fiscal 2026 September 10, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private • Our lengthy sales cycle; Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to • Potential work stoppages; current events and financial p
Slide 3: 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 Diluted Earnings (Loss) Per Share, Adjusted Pre-Tax Income (Loss), Adjus
Slide 4: Agenda
Agenda Introduction – Rob Cherry, VP Investor Relations Q1 Business Update – Jon DeGaynor, President and CEO Q1 Financial Update – Laura Kowalchik, CFO Q&A Session – All 4
Slide 5: Key Messages
Key Messages Transformation is On Track Continued Growth in Power Products Sales including Data Centers Income from Operations up $9M, Driven by Significant S&A Reductions and Ongoing Operational Improvements Third Straight Quarter of Strong Free Cash Flow and Net Debt Reduction Fiscal 2026 Guidance
Slide 6: FY26 Q1 Overview
FY26 Q1 Overview Income from Operations up $9M, Despite $18M Lower Sales Y/Y Sales lower $18M Y/Y primarily driven by program transitions in NA, partially offset by power products Key Financial Metrics Income from operations up $9M Y/Y, driven by reduced S&A and operational improvements Adjust
Slide 7: Power Solutions Enterprise
Power Solutions Enterprise Methode Leveraging 60+ Years of Power Distribution Expertise and Experience Power Solutions Sales Recent Growth Driven by Electric Vehicles (EVs), Data Centers and Mil/Aero ($ millions) Supplied Busbars on EV for the Past 10+ Years $252 Supplied Busbars for Data Ce
Slide 8: Transformation Update
Transformation Update 0-6 Months 6-12 Months 12-18 Months Where We Are Stabilize the Base Install New Team - Drive Launch Execution Remediate Practices - Revamp Mexico and - Diagnose Operations and Egypt Plants Supply Chain Leverage Synergies - Address Inventory - Build Executive Team - Apply Global
Slide 9: Financial Results
QAETHODE ELECTRONICS Financial Results
Slide 10: FY26 Q1 Net Sales & Income from Operations
FY26 Q1 Net Sales & Income from Operations FY25 Q1 v. FY26 Q1 FY25 Q4 v. FY26 Q1 FY26 Q1 Performance Net Sales ($M) Growth in power product sales, including data centers (7%) (6%) Lower activity in North America due to program transitions $258.5 $257.1 Continued weakness in commercial vehicle
Slide 11: FY26 Q1 EBITDA
FY26 Q1 EBITDA FY25 Q1 v. FY26 Q1 FY25 Q4 v. FY26 Q1 FY26 Q1 Performance Adjusted EBITDA ($M)* $5.9 $22.8 EBITDA up Y/Y and Q/Q despite lower net sales S&A lower both Y/Y and Q/Q $15.7 $15.7 $9.8 ($7.1) FY25 Q1 FY26 Q1 FY25 Q4 FY26 Q1 As % of Net Sales 3.8% 6.5% (2.8%) 6.5% 11 * See Appendix for
Slide 12: FY26 Q1 Adjusted Pre-Tax Loss & Earnings Per Share
FY26 Q1 Adjusted Pre-Tax Loss & Earnings Per Share FY25 Q1 v. FY26 Q1 FY25 Q4 v. FY26 Q1 FY26 Q1 Performance Adj. Pre-Tax Loss ($M)* Improved pre-tax Y/Y and Q/Q despite the lower net sales $4.0 $23.5 Y/Y S&A reduced by $9.6M due to lower professional fees ($9.1) ($5.1) and compensation expenses
Slide 13: FY26 Q1 Free Cash Flow
FY26 Q1 Free Cash Flow Net Cash Provided by Capital Free Cash Flow* Operating Activities Expenditure ($M) ($M) ($M) $14.2 ($6.5) $20.7 $25.1 $18.0 $10.9 $13.6 $7.1 ($2.7) FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 13 Strong Free Cash Flow for 3rd Quarter in a Row * See Appendix for reconciliati
Slide 14: FY26 Q1 Balance Sheet
FY26 Q1 Balance Sheet Total Debt Cash and Cash Net Debt* ($M) Equivalents ($M) ($M) $5.8 $17.5 ($11.7) $317.6 $323.4 $214.0 $202.3 $103.6 $121.1 FY25 Q4 FY26 Q1 FY25 Q4 FY26 Q1 FY25 Q4 FY26 Q1 14 Net Debt Down $41M since FY25 Q2 * See Appendix for reconciliation to GAAP
Slide 15: Guidance
Guidance Sales Fiscal 2026 Full Year Guidance Affirmed • Net sales range of $900 million to $1,000 million $1,115 $1,048 ($ in millions) • FY25 was a 53-week fiscal year, and FY26 is a 52-week fiscal year $950 • EBITDA range of $70 million to $80 million • Second half of fiscal year expected to be h
Slide 16: Thank You
AETHODE ELECTRONICS Thank You
Slide 17: Appendix
Appendix METHODE METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions, except per share data) ‘Three Months Ended August 2, 2025 (13 Weeks) July 27, 2024 (13 Weeks) Tacomt — Ppeeae Mos) Tassfom — Pretar ‘eo, from loss Netloss income operations. loss
Slide 18: Appendix
Appendix METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) US. GAAP (as reported) Goodwill impairment Acquisition-related costs - purchase accounting adjustments related to inventory Transformation costs Restructuring costs and asset impairment charges ‘Net g
Slide 19: Appendix
Appendix METHODE METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions) “three Months Ended “August 2, 2025 ‘uly 27,2024 13 Weeks) (3 Weeks) EBITDA: Net loss 8 (103) $ (18.3) Income tax expense 42 52 Interest expense, net 59 48 Amortization of intang
Slide 20: Appendix
(AETHODE ELECTRONICS Appendix METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions) ‘Three Months Ended ‘Fiscal Year Ended May 3.2025 April27,2024 ~May3,2025 April 27, 2024 3 Weeks) _(13. Weeks) _(G3 Weeks) _(62 Weeks) EBITDA: Net loss S$ (283) $ (5
Slide 21: Appendix
Appendix METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in millions) Three Months Ended ‘August 2, 2028 uly 27,2024 13 Weeks) 13 Weeks) Free Cash Flow: Net cash provided by operating activities $ 25.1 $ 10.9 Purchases of property, plant and equipment fen)