Bel Fuse Inc. · NASDAQ:BELFA
Bel Fuse — Investor Presentation (2026)
17 slides from Bel Fuse's investor presentation, 2026
Slide 1: Investor Presentation Fourth Quarter 2025
Investor Presentation Fourth Quarter 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement The Company’s consolidated operating results are affected by a Forward-Looking Statements can be identified by such words as wide variety of factors that could materially and adversely affect “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” revenues and profitab
Slide 3: Company Overview
Company Overview Powering, protecting and connecting electronic circuits since 1949 Headquarters West Orange, New Jersey NASDAQ BELFA / BELFB Annual Sales $675M Adj EBITDA / % of Sales $143M / 21.2% POWER | PROTECT | CONNECT 3
Slide 4: Diversity is our Strength
Diversity is our Strength End Markets Product Group Customer Type Geographic Region 12% 15% 22% 15% 27% 18% 53% 27% 58% 13% 35% 66% 38% Networking Power Solutions & Protection OEM North America Industrial Connectivity Solutions Distributor Asia Aerospace/Defense CM Magnetic Solutions Europe Various
Slide 5: Segment Overview
Segment Overview Power Solutions & Protection Connectivity Solutions Magnetic Solutions Aerospace/Defense* 1% 10% 15% Networking 2% Aerospace/Defense 32% Networking 3% 40% Distribution Distribution 43% End Markets 18% Rail 36% 52% Networking Distribution Industrial Industrial Industrial 25% 21% E-Mo
Slide 6: Our Financial Transformation
Our Financial Transformation Historical Revenue / GM% Historical Adjusted EBITDA ($ in millions) ($ in millions) Power Connectivity Magnetics GM% $142.9 $150.0 30.0% 800 $654 $657 0.5 $140.0 $640 $130.0 $116.8 25.0% 700 $120.0 $101.9 $543 $535 0.45 $88.1 600 $110.0 39.1% $100.0 20.0% 37.8% 0.4 $90.0
Slide 7: The Road Ahead: Exciting Growth Drivers
The Road Ahead: Exciting Growth Drivers Continued Strength Rebound Began in 2025; Expected in 2026 Expected to Continue into 2026 Aerospace Defense Distribution Networking Artificial Premise Space Intelligence (AI) Wiring Positive end market trends position Bel for long-term success POWER | PROTECT
Slide 8: Growth Driver: Aerospace & Defense (A&D)
Growth Driver: Aerospace & Defense (A&D) Aerospace Applications Sales into A&D End Market • Power backup 300 Millions • Connectors for in-flight 250 entertainment system 286% • Cabling to measure fuel quantity 200 150 100 Defense Applications 50 - • Communications 2021 2022 2023 2024 2025 • Encrypti
Slide 9: Growth Driver: Emerging End Markets
Growth Driver: Emerging End Markets Space Applications Sales into Emerging End Markets (Space & AI) • Probes and Orbiters 30 Millions • Low Earth Orbit for Broadband • Missile Defense 25 • GPS Trackers • Planetary Exploration 20 668% • Atmospheric/Heliophysics 15 10 AI Applications 5 • Cloud Platfor
Slide 10: Bel is poised for growth
Driven by strong financials, diverse markets, and bold innovation, Bel is poised for growth – be part of our next chapter.
Slide 11: Appendix
Appendix
Slide 12: Our Journey of Change To Date
Our Journey of Change To Date 2021 2022 2023 2024 2025 Farouq Tuweiq Pricing Strategy Kenneth Lai Steve Dawson CEO Transition Joins as Bel’s first CFO Round 2 - Targeted VP Asia Operations VP Power Solutions & Protection Farouq Tuweiq appointed CEO February 2021 March 2022 January 2023 July 2024 May
Slide 13: Executive Team
Executive Team Farouq Tuweiq President & CEO Joe Berry Pete Bittner Steve Dawson Lynn Hutkin Suzanne Kozlovsky Kenneth Lai President President President CFO Global Head of People Vice President Magnetic Solutions Connectivity Power Solutions Asia Operations Solutions & Protection Outgoing - April 1s
Slide 14: Comparison of Class A and Class B Shares
Comparison of Class A and Class B Shares¹ Class A Shares Class B Shares 2,115,263 (16.7% of the total A+B shares outstanding) Shares If the number of Class A shares outstanding drops below 10% of total 10,541,050 (83.3% of the total A+B shares outstanding) Outstanding2 A+B shares outstanding,
Slide 15: Reasons for Maintaining the Two-Class Structure
Reasons for Maintaining the Two-Class Structure 1. Unlike other companies with multi-class share structures (e.g., Meta, Alphabet, News Corp), both Bel Fuse’s voting and non-voting shares are publicly traded and widely available to investors Investors can choose which class of stock to purchase, o
Slide 16: 10-Year Total Shareholder Return
10-Year Total Shareholder Return Bel Fuse Class A Shares 1,063% Bel Fuse Class B Shares 1,016% Proxy Peers¹ 160% Performance Peers² 160% Russell 2000 Index 150% Nasdaq Composite Index 411% 0% 200% 400% 600% 800% 1,000% 1,200% Bel Fuse has created significant value for both Class A and Class B shareh
Slide 17: Power, Protect, Connect brands
POWER | PROTECT | CONNECT POWER SOLUTIONS & PROTECTION cinch = <culiNc CONNECTIVITY SOLUTIONS: bel sx: SOLUTIONS Jake abel group NERCO iLPowerR SOURCE TECHNOLOGIES LTD TRANSFORMER signal