Slide 1: Q2 FY2026 Financial Results Conference Call
Q2 FY2026 Financial Results Conference Call February 6, 2026 Nasdaq: STRT Jennifer Slater President and CEO Matthew Pauli Senior Vice President and CFO www.strattec.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement Safe Harbor Statement Certain statements contained in this presentation contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as “an
Slide 3: Strattec Q2 FY2026 Quarter and Fiscal Year Highlights
OPERATIONAL CASH FLOW: Generated $13.9 million in Q2 FY26 and $25.2 million year to date Strattec • Ended the quarter with $99.0 million in cash on hand REVENUE GROWTH: Primarily driven by accretive pricing, favorable Q2 FY2026 sales mix and higher content value, net new program launches and tariff
Slide 4: Transformation: Driving Operational Improvements
Transformation: Driving Operational Improvements EXECUTE PLAN TO DELIVER VALUE CASH CUSHION PROVIDES OPTIONALITY • Relentless focus on day-to-day actions that advance the ($ in millions) transformation • Organization still on a steep learning curve $99.0 $90.5 $84.6 • Significant efforts to mitigate
Slide 5: Established Customers & Diverse Products
Established Customers & Diverse Products ($ in millions) Q2 & YTD FY26 NET SALES Q2 FY26 SALES BY CUSTOMER Q2 FY26 SALES BY PRODUCT $289.9 $269.0 2% $137.5 9% 7% $129.9 9% 26% 12% 29% 12% 14% Q2 FY25 Q2 FY26 1H FY25 1H FY26 18% 19% 25% 18% Q1 FY26 net sales up $7.6 million, or 5.9% + 2.4% of pricing
Slide 6: Solid Gross Margin Expansion
Solid Gross Margin Expansion ($ in millions; narrative compared with prior-year period unless otherwise noted) GROSS PROFIT & MARGIN (QTR) Q2 FY26 gross margin expanded 330 basis points y/y + Pricing actions and higher production volume drove improvement $22.7 + $1.7 million in restructuring savings
Slide 7: Managing SAE & Investing in Talent
Managing SAE(1) & Investing in Talent ($ in millions; narrative compared with prior-year period unless otherwise noted) SAE & % OF SALES (QTR) Q2FY26 SAE expenses increased $2.9 million y/y to 13% of sales, reflecting voluntary early retirement program charge $17.9 • $1.7 million cost for voluntary
Slide 8: Enhanced Earnings Power
Enhanced Earnings Power ($ in millions except earnings per share data; narrative compared with prior-year period unless otherwise noted) NET INCOME(1) (QTR & YTD) ADJ. NET INCOME(2) (QTR & YTD) ADJ. EBITDA(2) (QTR& YTD) $7.0 $27.8 $4.9 $13.5 $12.3 $16.2 $8.0 $17.9 $2.6 $7.3 $5.0 $1.3 6.1% 8.9% 6.7%
Slide 9: Strong Cash Generation & Capital Flexibility
Strong Cash Generation & Capital Flexibility ($ in millions; narrative compared with prior-year period unless otherwise noted) CAPITALIZATION Cash flow from operations increased 47% in quarter June 29, December 28, and 21% YTD 2025 2025 • Cash balance continues to grow from strong operating Cash and
Slide 10: Expect Continued Improvement in Operations Against Moderating Market Demand
REVENUE: Automobile forecasts suggest flat to moderate decline in 2H FY26 MARGINS: Variability from quarter to quarter while building to long-term Expect Continued target Improvement in • Lapping FY 2025 pricing actions beginning in Q3 Operations Against • Less absorption advantage with inventory bu
Slide 11: Q2 FY2026 Financial Results Supplemental Slides
Q2 FY2026 Financial Results Supplemental Slides www.strattec.com
Slide 12: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands) Fiscal 2025 Fiscal 2026 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total NET SALES: Net Sales (GAAP) 139,052 129,919 144,082 152,013 $ 565,066 152,399 137,534 $ 289,933 ADJUSTED EBITDA: Net income attributable to Strattec (GAAP) $ 3,703 $ 1,3
Slide 13: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands, except per share data) ADJUSTED NET INCOME AND EARNINGS/(LOSS) PER SHARE: Net income attributable to Strattec (GAAP) $ 3,703 $ 1,319 $ 5,396 $ 8,267 $ 18,685 $ 8,529 $ 4,947 $ 13,476 Adjustments: Restructuring and similar charges
Slide 14: Q2 FY2026 Financial Results
Q2 FY2026 Financial Results February 6, 2026 Nasdaq: STRT Investor Relations Contact: Deborah K. Pawlowski, Alliance Advisors IR 716-843-3908 dpawlowski@Allianceadvisors.com www.strattec.com