Slide 1: Methode Electronics Earnings Presentation
Methode Electronics Earnings Presentation Second Quarter Fiscal 2026 December 4, 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: Financial Summary
Financial Summary Fiscal $247M $18M ($12M) 2Q’26 * Net Sales* Adjusted EBITDA** Free Cash Flow** Fiscal $487M $33M +$6M 1H’26 * Net Sales* Adjusted EBITDA** Free Cash Flow** • Net sales +3% and adjusted EBITDA +12% on a sequential quarter basis • 2Q’26 free cash flow improved $47M compared to the pr
Slide 4: Operational and Strategic Priorities Update
Operational and Strategic Priorities Update • Harmonizing operating practices and processes across businesses and Foundational geographies with intensive business reviews at our manufacturing facilities Actions • Driving operating excellence and continuous improvement with 6 manufacturing site visit
Slide 5: Power Solutions Offerings
Power Solutions Offerings Highlights Net Sales ($ Millions) Leveraging 60+ years of power distribution Experience engineering expertise $252 $189 Recent results driven by EVs, data centers End Markets and mil/aero applications $153 $116 Expect growth in 800-volt busbars, Products interconnects, and
Slide 6: Transformation Update
Transformation Update 0-6 Months 6-12 Months 12-18 Months Where We Are Stabilize the Base - Drive Launch Execution Install New Team - Revamp Mexico and - Diagnose Operations and Supply Remediate Practices Egypt Plants Chain - Build Executive Team - Address Inventory Management Leverage Synergies - A
Slide 7: Fiscal 2Q 2026 Financial Review
Fiscal 2Q 2026 Financial Review Reported Financials Adjusted Financials* ($M, except EPS) ($M, except EPS) Adjusted EBITDA and % of Net Sales Net Sales $26.7 $292.6 $17.6 $246.9 (34%) Decrease (16%) Decrease 9.1% 7.1% 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Net Sales Net Loss and
Slide 8: Disciplined Capital Allocation Strategy
Disciplined Capital Allocation Strategy Operating Cash Flow ($M) Net Debt ($M)* ($7.4) $243.6 ($48.0) $214.0 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Impacted by cutover related to Free Cash Flow ($M)* VMI initiative ($11.6) ($58.4) 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 2Q'25 3Q'25 4Q'25 1Q'26 2Q'26 Reduced net debt b
Slide 9: Fiscal 2026 Guidance
Fiscal 2026 Guidance Fiscal 2025 Fiscal 2026 $ Millions Commentary Actuals Current Guidance Net Sales $1,048 $900-1,000 • Constantly changing operating environment could impact results Interest Expense $22 $21-23 • Interest expense reflects borrowings at similar levels and rates Tax Expense $13 $17-
Slide 10: Key Takeaways
Key Takeaways Financial and operational actions drove sequentially improved results Solid long-term growth prospects for data center business Aggressively driving free cash flow and net debt reduction for fiscal 2026 Reaffirming fiscal 2026 guidance in a continued, dynamic operating environm
Slide 11: Thank You
AETHODE ELECTRONICS Thank You
Slide 12: 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 13: Appendix
METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) Appendix (in millions) Three Months Ended Six Months Ended November 1, November 2, November 1, November 2, 2025 2024 2025 2024 (13 Weeks) (14 Weeks) (26 Weeks) (27 Weeks) EBITDA: Net loss $ (9.9 ) $ (1.6 ) $ (
Slide 14: Appendix
METHODE ELECTRONICS, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (unaudited) Appendix (in millions, except per share data) Three Months Ended November 1, 2025 (13 Weeks) November 2, 2024 (14 Weeks) Diluted Income Diluted Income Pre-tax Pre-tax Net (loss) (loss) from Net loss loss per f