M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — 17th Annual Southwest IDEAS Conference 2025
25 slides from M-tron Industries's conference presentation, Nov 20, 2025
Slide 1: Investor Presentation – Southwest IDEAS Conference
INVESTOR PRESENTATION Southwest IDEAS Conference November 20, 2025 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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 materially d
Slide 3: Mtron Overview
Mtron Overview Mtron (NYSE AM: MPTI) is a NYSE American publicly traded corporation Formed in 1965 Aerospace and Defense Focused Since 2004 Acquisition Listed NYSEAM in October 2022 via Spin Off at ~$13 ( $10.85-$71.10 Range) 2.93mm Shares Outstanding, No Debt, and Free Cash Flow Generation
Slide 4: Mtron At A Glance
Mtron At A Glance Vertically Integrated RF Solutions Blue-Chip Customer Base Strong Market Performance Highly-engineered, high reliability Diverse global customer base including Delivering strong returns to precision components and solutions industry leaders in the Aerospace & shareholders of 256% s
Slide 5: Management Team and Board
Management Team and Board Tenured Management Team and Board Provides Mtron with Decades of Experience and Leadership Senior Management Team Cameron Pforr Linda Biles William Drafts Chief Executive Officer & CFO Executive Vice President, President Finance Non-Executive Board Members Bel Lazar Marc Ga
Slide 6: Mtron At A Glance
Mtron At A Glance Robust Engineered RF Components and Solutions since 1965 Filters (LC, Cavity, Planar, Crystal) Oscillators (XO, TCXO, VCXO, OCXO) Crystal Resonators and Solutions $53.0M 44.4% $58.8M 10% 19-23% 60-80% Sales1 Gross Margin1 Backlog1 Revenue CAGR2 Adj EBITDA Margins2 FCF Conversion2 6
Slide 7: With Broad Applications
With Broad Applications Commercial Aerospace Space & SATCOM Electronic Warfare Precision-Guided Munitions UAV / Drones Radar 7
Slide 8: A History of Leadership and Innovation
A History of Leadership and Innovation For Over 60 Years, Mtron Has Been a Leader in Supporting Advanced Electronics 1965 Mtron and Piezo Technology (PTI) are organized separately 1973 PTI supplies the first monolithic 1976 filters used in space Lynch Corporation (predecessor to The LGL Group, Inc.)
Slide 9: Investment Highlights
Investment Highlights 1 Strong revenue growth and cash generation 2 Attractive end markets with long-term contracts and loyal customers 3 Unique capability to manufacture in U.S. for mission critical supply chains 4 Compelling financials with organic and inorganic growth strategy 5 Have production c
Slide 10: Growth Drivers
Growth Drivers Expansion Opportunities Across Multiple High Growth Markets 1 Armament and weapon system replenishment driven by global conflicts Modernization programs and new system development driving longer-term 2 defense component/subsystem growth 3 Strong commercial airframe backlog for Airbus
Slide 11: Large & Growing TAM
Large & Growing TAM Expansion Opportunities Across Multiple Markets Customer End Market TAM’s Electronic Components Market Size $ in Billions Defense Electronics Commercial Aviation SPACE/SATCOM Market Market Market 2022 2024 2022 ~$150B ~$199B ~$77B 2030 2030 2030 $323 ~$234B ~$294B ~$162B $190 ~6%
Slide 12: Unique Product Portfolio...
Unique Product Portfolio... Filters Oscillators FY’24 Revenue Split by Product Applications within Avionics, Space, Communications, Applications within Avionics, Communications, Electronic Filters Oscillators Other Electronic Warfare, Instrumentation, and Radar Warfare, Instrumentation, and Rada
Slide 13: Global Footprint
Global Footprint Strategically Located to Supply Critical National Security Needs With Ample Capacity For Future Growth Orlando, FL (HQ) Over 100,000 sq. ft. of ITAR registered Design and Manufacturing Space 71,000 sq. ft. AS9100D Design and Manufacturing Facility ITAR Registered Yankton, SD
Slide 14: Blue-Chip Customer Base
Blue-Chip Customer Base Tenured Industry Relationships With Premier Customers Across Various End Markets Aerospace & Defense Avionics Space Industrials More than 70 customers with a 10+ year history Source: Company data 14
Slide 15: Drone Market Opportunity
Drone Market Opportunity Drones, Space & Satellites, EW and Radar represent some of the near-term growth markets for the company Remote-Controlled Attack/ISR Aircraft In the Drone / UAV market since 2014 Our products are robust and for longer life UAVs Satellite send command to aircraft Deploy
Slide 16: Growth Strategy
Growth Strategy Since its Spinoff in Late 2022, Mtron has Significantly Outperformed the Broader Market & its Peers Leverage Customer Relationships Market Driven R&D M&A Build Mtron into a leading supplier of Continue to enhance our ability to provide Invest accumulating cash in modules, subsy
Slide 17: Metrics
Metrics Significant improvement in key metrics since spin-off 2022 Revenue Growth Gross Margin Net Income Increased from $8.4M/qtr to Increased from 32% to 44% Increased from $503K/qtr to $14.2M/qtr $1,832K/qtr 69% 38% 264% Adj. EBITDA Margin Cash Generation EPS Increased from 10.4% to 22.4% Increas
Slide 18: New Product Development
New Product Development Increased R&D and Capex Spend Drive Organic Topline Growth in the Near-Term Constant Innovation with New Product Revenue ($M) Total Revenue ($M) ASP $120 Strategic Targeting of Larger Opportunities $103.54 $100 ~30% of FY’24 Revenue comes $92.13 from products introduced sin
Slide 19: Financial Summary
Financial Summary Compelling Financials With Strong Topline Growth And Healthy Margins Revenue & Growth ($M) Gross Profit & Margin ($M) 46% 44% 19% 13% 41% 46% 43% 29% 11% 12% (2%) 19% 36% (11%) 34% 35% $22.6 $23.5 $49.0 $53.0 $17.5 $41.2 $40.2 $16.8 $16.6 $31.8 $36.2 $11.3 $30.0 $26.7 $10.3 $9.3 FY
Slide 20: Disciplined Approach to M&A
Disciplined Approach to M&A Mtron continues to look for tuck-in and transformative acquisitions to accelerate our organic growth strategies Goals of M&A Help company achieve Program scale quicker through Opportunistically Continue to expand accretive enter new markets technology expertise transactio
Slide 21: Attractive Long Term Target Model
Attractive Long Term Target Model Increased R&D and Capex Spend Drive Organic Topline Growth in the Mid-Long Term Long Term Organic Goals Aim to consistently exceed industry growth through continued investment in R&D resources 10% CAGR 43 – 46% 20% - 22% Continued design win momentum speaks well to
Slide 22: 2025 Warrants
2025 Warrants Warrants issued April 2025 are now exercisable Terms Five (5) warrants to purchase one (1) share of MPTI common stock Common Stock can be purchased at an exercise price of $47.50 per share Over-subscription privilege available to Warrant holders who exercise their Warrants in ful
Slide 23: Thank You
lm Mtron’ Thank You
Slide 24: Appendix
Appendix 24
Slide 25: Reconciliation of Adjusted EBITDA to Income before income taxes
Appendix 1 – Reconciliation of Adjusted EBITDA to Income before income taxes (in thousands) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 LTM 2025 9M 2024 9M 2025 Income before income taxes $ 2,893 $ 2,113 $ 2,595 $ 4,400 $ 9,775 $ 9,630 $ 7,017 $ 6,872 Adjustments: Interest expense (income) 85 12 11 (7)
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