Slide 1: Methode Electronics, Inc. Sidoti Small Cap Conference
Methode Electronics, Inc. Sidoti Small Cap Conference September 18, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation forward-looking statements within the meaning of the Private Securities • Our lengthy sales cycle; Litigation Reform Act of 1995 that reflect, when made, our current views with respect to current • Risks relating to our use of requirements contracts; even
Slide 3: Key Messages
Key Messages 1 On journey to transform business while positioning it for long-term value creation 2 Intense focus on executing over 30 program launches while improving quality and delivery 3 Immediate actions being taken to address execution and costs; Strategy will follow thereafter 4 Building exec
Slide 4: What Does "Transform" Mean?
What Does “Transform” Mean? Reset Performance Build and Grow Capabilities Shift Our Culture 4 Earning the “Right” to Write the Next Chapter of Methode’s History
Slide 5: Methode at a Glance
Methode at a Glance A leading global supplier of custom-engineered solutions for user interface, LED lighting system, power distribution and sensor applications in the Established 1946 Headquartered in Chicago, IL transportation, construction equipment, and cloud computing end markets. NYSE: MEI 7,5
Slide 6: The Methode Journey
The Methode Journey 6 Over 75 Years of Expertise Navigating the Evolution of Technology
Slide 7: Global Manufacturing Footprint
Global Manufacturing Footprint Suzhou, China 7 Cost-Efficient Global Footprint – “Make Where We Sell”
Slide 8: Solutions – Products
Solutions – Products % of Sales • Center Consoles • Switch Modules User Interface 43% • Overhead Consoles • Remote Controls • Ambient Lighting • Signal Lights LED Lighting 35% • Forward & Fog Lights • Rear Stop Lights • Warning Lights • Work Lights • Battery Disconnects • Connectors Power Distributi
Slide 9: Solutions – End Markets & Customers
Solutions – End Markets & Customers % of Sales • Automotive & EV • Construction Equipment User Interface 43% • Commercial Vehicle • Cranes & Lifts • Automotive & EV • Construction Equipment LED Lighting 35% • Bus • Commercial Vehicle • Power Sports • Rail • Aerospace • Energy Storage Power Distribut
Slide 10: EV Driving Increased Content Per Vehicle
EV Driving Increased Content Per Vehicle Methode’s Internal Combustion Engine (ICE) Vehicle Content $771M in EV Program Awards since FY 2021 • User Interface • Lighting ICE $1.0x $ in millions Cumulative Electric Vehicle Awards * • Sensors $800 $700 $600 $500 $400 $771 Methode’s Hybrid (HEV) and $30
Slide 11: EV Solutions for the "Top Hat"
EV Solutions for the “Top Hat” LED Lighting (Interior & Exterior) Door Activation Switches & Consoles Sensors & Cameras By-Wire Controls Shift-by-Wire Steer-by-Wire Brake-by-Wire 11 Leveraging User Interface, Lighting, and Sensor Technologies
Slide 12: EV Solutions for the "Skateboard"
EV Solutions for the “Skateboard” Battery Inverter & Monitoring Charger Molded Busbar Current Sensors Sub-Assemblies Electric Motors & Drives Busbars Park Lock Actuator Battery Busbars & Module Connectors Connections Battery Disconnect & Power Distribution BDU PDU 12 Leveraging Power Distribution an
Slide 13: Summary
Summary ➢ Beginning journey to transform business while positioning it for long-term value creation ➢ Focusing intensely on executing over 30 program launches while improving quality and delivery ➢ Taking immediate actions to address execution and costs; Strategy will follow thereafter ➢ Building ex
Slide 14: Thank You
QAETHODE ELECTRONICS Thank You