M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — Needham Growth Conference 2024
21 slides from M-tron Industries's conference presentation, Jan 19, 2024
Slide 1: Investor Update – Needham Growth Conference
Investor Update – Needham Growth Conference January 19, 2024 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 Information included or incorporated by reference in this presentation may contain forward- looking statements. This information may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materiall
Slide 3: Agenda
Agenda 3 Introduction/Company overview Products and Markets Financials Summary
Slide 4: MtronPTI (NYSE: MPTI) at a Glance
MtronPTI (NYSE: MPTI) at a Glance 4 Your Destination for Radio Frequency Components and Solutions since 1965 Filters (LC, Cavity, Planar, Crystal) Oscillators (XO, TCXO, VCXO, OCXO) Crystal Resonators and Solutions $39.1M1 38.8%1 $50.3M 7-10%2 28.3%3 New Sales Gross Margin Backlog Revenue CAGR Produ
Slide 5: Strong Foundation For Growth
Strong Foundation For Growth 5 MtronPTI: Highly-Engineered, High Reliability Precision Components and Solutions Growing and Diversified Markets Expansive Solution Offering Blue-Chip Customer Base Defense and Aerospace Filters (LC, Cavity, Planar, Crystal) Avionics Oscillators (XO, TCXO, VCXO
Slide 6: 4-Point Strategy Drives Long-Term Value
4-Point Strategy Drives Long-Term Value 6 DELIVER EXPAND OUR BUILD OUR EXPAND GROSS WORLD CLASS MARKET SHARE BRAND MARGINS MANUFACTURING Leverage prime relationships Build LinkedIn awareness Continue targeted price Diversify supplier base for market share gains increases Continue cadence of press Le
Slide 7: Global Footprint
Global Footprint 7 Multiple Design and Manufacturing Sites • Orlando, FL 75,000 sq ft AS9100D Design and Manufacturing facility, ITAR Registered Yankton, SD • Yankton, SD 35,000 sq ft Austin, TX New Delhi, India facility AS9100D Design and Orlando, FL Manufacturing facility, ITAR Hong Kong Registere
Slide 8: A History of Leadership and Innovation
A History of Leadership and Innovation 8 For over 58 Years, MtronPTI has distinguished itself as a leader, innovator, and valued partner within the Aerospace & Defense Industry. 1985 2001 2017 PTI is the first organization to Mtron introduces 5X7 oscillator MtronPTI introduces its report success in
Slide 9: Secular Market Tailwinds
Secular Market Tailwinds 9 Defense Avionics Space Communications Autonomous Vehicles, Global fleet increasing by 80% Internet access via satellite Bandwidth demands growing 50 Hypersonic Missiles, Electronic through 2041 compared to 2019 predicted to account for up to percent per year Warfare (EW),
Slide 10: Diverse End Markets
Diverse End Markets 10 Defense and Space and Instrumentation, Avionics SATCOM Industry, Computing Aerospace 21% 58% 5% 16%
Slide 11: Significant Opportunity in the Defense Landscape
Significant Opportunity in the Defense Landscape 11 Please see full disclosures. Figures are estimates. Slide chart courtesy of Houlihan Lokey.
Slide 12: Case Study – Commercial Aerospace
Case Study – Commercial Aerospace 12 In Flight Connectivity Pilot Communications Flight Control (Fly-by-wire) • Clock Oscillator • TCXO, LC Filter, Crystal Filter • Clock Oscillator Emergency Beacon System • OCXO Instrument Landing Systems (ILS) • Clock Oscillator Navigation Radar • TCXO and LC Filt
Slide 13: Case Study – Space and SATCOM
Case Study – Space and SATCOM 13 Timing Front End Receiver Timing • Crystal Resonator • Crystal Filter, Cavity • OCXO, OCXO with PLL, Filter, LC Filter Front End Receiver VCTCXO, VCXO, TCXO, • Crystal Filter, Cavity Filter, LC Front End Transmitter Crystal Filter Filter, Diplexer, N-plexer • Crystal
Slide 14: Case Study – Electronic Warfare
Case Study – Electronic Warfare 14 Path to Antenna Transmitter • Duplexer, Diplexer, • LC Filter, Cavity Filter, Multiplexer, Cavity Filter, Waveguide Filter, Waveguide Filter, LC Filter Power Amplifier Receiver • LC Filter and Crystal Filter Master Clock Signal Processing • OCXO/TCXO • TCXO, OCXO a
Slide 15: Recent and Upcoming Innovations
Recent and Upcoming Innovations 15 Hi-Power Cavity and M6904 Series, Low-g Sensitivity LC Filters for Space (<1ppb/g), Excellent Aging TCXO L-Band Frequency Reference Integrated with g-compensation Electronically Compensated Low-g Sensitivity OCXO, 100 MHz to 166 MHz Hi-Power Space Diplexer
Slide 16: Fully Integrated Capabilities
Fully Integrated Capabilities 16 Design Manufacturing Quality Design Process Product Capabilities Manufacturing Quality • Partnership focused on long-term • TCXO, OCXO, VCXO, XO • World-class FOD • AS9100D and ISO 9001:2015 relationships with suppliers and • Crystal, Cavity, LC, Control, Laser weld,
Slide 17: Revenue
Revenue 17 Instrumentation Years Quarters Space Industrial, Computers and Telephony 7% 5% Avionics $39M $10.9M 9% 21% $30M $31.8M $26.7M $8.4M Q3 23 TTM 58% 2020 2021 2022 Q3 23 TTM Q3 2022 Q3 2023 Aerospace and Defense Continued focus on long tail programs Record revenue in Q3 of results in a r
Slide 18: Gross Profit and Margin
Gross Profit and Margin 18 Years Quarters $15.2M $4.7M $10.3M $11.3M $9.3M $2.7M 38.8% 35.6% 42.8% 35.0% 32.4% 34.3% 2020 2021 2022 Q3 23 TTM Q3 2022 Q3 2023 Strategic focus to improve Gross margins with Gross Profit in Q3 of $4.7M, up $2M, or 71% highly differentiated product Y/Y Continued fo
Slide 19: Order Backlog Trend
Order Backlog Trend 19 Near-record $50.3 million of backlog Driven by: Defense order demand increasing Market and customer share gains with expanded product offering Product line expansion with Cavity Filters and Integrated Microwave Assembly $55.0 $50.0 $51.6 $50.3 $45.0 $46.2 $45.5 $44.1 $43
Slide 20: Multi-Pronged Strategy for Sustained Growth
Multi-Pronged Strategy for Sustained Growth 20 Where Have We Come From? Where Are We Going? 57+ Positioned for Organic Growth PTI, • Industry Tailwinds – Backlog of $50.3 million 58+ $39+ Trilithic, • Continuous Product Line expansion Champion • Gaining market share • Long running “sticky” Defense
Slide 21: Your Questions
Your Questions 21 MtronPTI Contact Information Visit us: www.MtronPTI.com Contact us: email: ir@mtronpti.com