Slide 1: Investor Presentation First Quarter 2025
Investor Presentation First 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 Pro Forma (PF) Annual Sales $629M* PF Adj EBITDA / % of Sales * Trailing 12-months March 31, 2025; pro forma (estimated) to include full 12 months of Enercon $1
Slide 4: Diversity is our Strength
Diversity is our Strength Product Group End Markets Customer Type Geographic Region 11% 17% 28% 28% 33% 54% 19% 35% 57% 72% 11% 36% Power Solutions & Protection Networking OEM North America Connectivity Solutions Industrial Distributor APAC Magnetic Solutions Aerospace/Defense EMEA Various (distribu
Slide 5: Segment Overview
Segment Overview Power Solutions & Protection Connectivity Solutions Magnetic Solutions Distribution 2% 9% 7% 12% Networking 7% Distribution 27% 37% Networking Industrial Aerospace/Defense 44% End Markets 10% Aerospace/Defense* Industrial Distribution 22% Industrial 5% Rail 47% Networking 29% E-Mobi
Slide 6: Our Journey of Change To Date
Our Journey of Change To Date 2021 2022 2023 2024 2025 Farouq Tuweiq Pricing Strategy Kenneth Lai Steve Dawson CEO Transition Joins as Bel’s first CFO Round 2 - Targeted VP Asia Operations VP Power Solutions & Protection Farouq to be appointed CEO February 2021 March 2022 January 2023 July 2024 May
Slide 7: Our Financial Transformation
Our Financial Transformation Historical Revenue / GM% Historical Adjusted EBITDA ($ in millions) Power Connectivity Magnetics GM% ($ in millions) $140.0 $133.8 25.0% 700 39.0% 0.4 $130.0 $654 $640 $116.8 $634 $120.0 600 $110.0 20.0% $543 0.35 21.1% $100.0 $88.1 500 $466 $90.0 18.3% 15.0% 33.7% $80.0
Slide 8: Tailwinds from Key Sector Fundamentals
Tailwinds from Key Sector Fundamentals Artificial Increased Data 5G / EV and Electrification Miniaturization Intelligence Generation Connectivity Infrastructure (AI) Positive end market trends position Bel for long-term success Graphic 3 POWER | PROTECT | CONNECT 8
Slide 9: The Road Ahead: Exciting Growth Drivers
The Road Ahead: Exciting Growth Drivers Current Trends Near-Term Continued Strength in 2025 Poised for Rebound in H2-2025 Aerospace Defense Distribution Networking Artificial Premise Space Intelligence (AI) Wiring Positive end market trends position Bel for long-term success Graphic 3 POWER | PROTEC
Slide 10: Growth Driver: Aerospace
Growth Driver: Aerospace End Users • Aircraft Manufacturers • Wire Harness Manufacturers • Sub System Manufacturers • Direct Airlines and MRO providers Sales Millions FQIS (7) 60 (monitors fuel quantity) 50 222% Dura-Con (4) 40 (used in navigation controls; 30 carries both power and signal) Omega (5
Slide 11: Growth Driver: Defense
Growth Driver: Defense Applications • Communications • Encryption • Munitions • Key programs: JSF, AEGIS, Patriot, AIM 9X, F16, MFoCs Pro Forma to Sales include full year Enercon Millions 160 140 120 100 Actual Growth 80 87% 60 40 20 - 2021 2022 2023 2024 2024PF* Graphic 3 POWER | PROTECT | CONNECT
Slide 12: Growth Driver: Space
Growth Driver: Space End Uses • Probes and Orbiters • Low Earth Orbit for Broadband • Missile Defense • GPS Trackers • Planetary Exploration • Atmospheric/Heliophysics Sales 10.0 Millions What We Offer Customer Requirements 8.0 ▪ Reputable provider to space ✓ Space Grade 6.0 471% applications for ov
Slide 13: Growth Driver: Artificial Intelligence (AI)
Growth Driver: Artificial Intelligence (AI) Supported Applications • Cloud Platforms • High Performance Computing • Networking Sales 8 Millions 7 6 260% 5 4 3 Featured Products 2 1 - 2021 2022 2023 2024 Graphic 3 POWER | PROTECT | CONNECT 13
Slide 14: POWER | PROTECT | CONNECT
POWER | PROTECT | CONNECT POWER bel 2%: = cinch GY Cuiinc a bel MAGNETIC SOLUTIONS abel group CONNECTIVITY SOLUTIONS. ‘abel group ‘a bel group © 92 group stewart CONNECTOR Y abel gioup : g TRANSFORMER ‘@bei group > : FID connccron bel group