M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — Investor Presentation (December 2023)
20 slides from M-tron Industries's investor presentation, Dec 6, 2023
Slide 1: Investor Update Webinar
Investor Update Webinar December 6, 2023 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 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 materiall
Slide 3: Agenda
Agenda 3 Introduction/Company overview Products and Markets Financials Summary
Slide 4: MtronPTI (NYSE: MPTI) at a Glance
MtronPTI (NYSE: MPTI) at a Glance 4 Your Destination for Radio Frequency Components and Solutions since 1965 Filters (LC, Cavity, Planar, Crystal) Oscillators (XO, TCXO, VCXO, OCXO) Crystal Resonators and Solutions $39.1M1 38.8%1 $50.3M 7-10%2 28.3%3 New Sales Gross Margin Backlog Revenue CAGR Produ
Slide 5: Why MtronPTI?
Why MtronPTI? 5 Growing Attractive Robust R&D Growing Customer Backlog Markets Pipeline Base Space 260 New $50.3M Aerospace Over 300 at 9/30/2023 Defense Products Launched Active Avionics Up 9% Instrumentation Annually Customers From 12/31/2022 (5 Year Average)
Slide 6: Global Footprint
Global Footprint 6 Multiple Design and Manufacturing Sites • Orlando, FL 75,000 sq ft AS9100D Design and Manufacturing facility, ITAR Registered Yankton, SD • Yankton, SD 35,000 sq ft Austin, TX New Delhi, India facility AS9100D Design and Orlando, FL Manufacturing facility, ITAR Hong Kong Registere
Slide 7: A History of Leadership and Innovation
A History of Leadership and Innovation 7 For over 58 Years, MtronPTI has distinguished itself as a leader, innovator, and valued partner within the Aerospace & Defense Industry. 1985 2001 2017 PTI is the first organization to Mtron introduces 5X7 oscillator MtronPTI introduces its report success in
Slide 8: Secular Market Tailwinds
Secular Market Tailwinds 8 Defense Avionics Space Communications Autonomous Vehicles, Global fleet increasing by 80% Internet access via satellite Bandwidth demands growing 50 Hypersonic Missiles, Electronic through 2041 compared to 2019 predicted to account for up to percent per year Warfare (EW),
Slide 9: Diverse End Markets
Diverse End Markets 9 Defense and Space and Instrumentation, Avionics SATCOM Industry, Computing Aerospace 21% 58% 5% 16%
Slide 10: Significant Opportunity in the Defense Landscape
Significant Opportunity in the Defense Landscape 10 Please see full disclosures. Figures are estimates. Slide chart courtesy of Houlihan Lokey.
Slide 11: Case Study – Commercial Aerospace
Case Study – Commercial Aerospace 11 In Flight Connectivity Pilot Communications Flight Control (Fly-by-wire) • Clock Oscillator • TCXO, LC Filter, Crystal Filter • Clock Oscillator Emergency Beacon System • OCXO Instrument Landing Systems (ILS) • Clock Oscillator Navigation Radar • TCXO and LC Filt
Slide 12: Case Study – Space and SATCOM
Case Study – Space and SATCOM 12 Timing Front End Receiver Timing • Crystal Resonator • Crystal Filter, Cavity • OCXO, OCXO with PLL, Filter, LC Filter Front End Receiver VCTCXO, VCXO, TCXO, • Crystal Filter, Cavity Filter, LC Front End Transmitter Crystal Filter Filter, Diplexer, N-plexer • Crystal
Slide 13: Case Study – Precision-Guided Munitions
Case Study – Precision-Guided Munitions 13 Radar Guided • OCXO, TCXO and LC Filter Laser and Electro-Optically Guided • Clock Oscillator and TCXO Missile Data Links • LC Filter and Crystal Filter
Slide 14: Recent and Upcoming Innovations
Recent and Upcoming Innovations 14 Hi-Power Cavity and M6904 Series, Low-g Sensitivity LC Filters for Space (<1ppb/g), Excellent Aging TCXO L-Band Frequency Reference Integrated with g-compensation Electronically Compensated Low-g Sensitivity OCXO, 100 MHz to 166 MHz Hi-Power Space Diplexer
Slide 15: Fully Integrated Capabilities
Fully Integrated Capabilities 15 Design Manufacturing Quality Design Process Product Capabilities Manufacturing Quality • Partnership focused on long-term • TCXO, OCXO, VCXO, XO • World-class FOD • AS9100D and ISO 9001:2015 relationships with suppliers and • Crystal, Cavity, LC, Control, Laser weld,
Slide 16: September 30, 2023 Financial Summary
September 30, 2023 Financial Summary 16 Total Current Assets of $17.0 million Current Ratio of 4.25 to 1 Shareholders Equity of $17.8 million Undrawn and Unused Line of Credit of $5.0 million Backlog of $50.3 million Working Capital of $13.0 million 2.73 million shares O/S Source: M-tron Industries,
Slide 17: Financial Trends
Financial Trends 17 ➢ Results reflect strong underlying fundamentals within Defense and Space markets ➢ 2023 Q3 TTM of $39.1 million revenue versus Q3 2022 TTM of $30.0 million with 2023 Q3 TTM margin of 38.8%, ahead of the prior year TTM of 35.3%. ➢ Growth enhanced by our new product design wins Qu
Slide 18: Order Backlog Trend
Order Backlog Trend 18 Near-record $50.3 million of backlog Driven by: ➢ Defense orders to build and replenish inventory ➢ Market and customer share gains with expanded product offering ➢ Product line expansion with Cavity Filters and Integrated Microwave Assembly $55.0 $50.0 $51.6 $50.3 $45.0 $46.2
Slide 19: Multi-Pronged Strategy for Sustained Growth
Multi-Pronged Strategy for Sustained Growth 19 Where Have We Come From? Where Are We Going? 57+ ➢ Positioned for Organic Growth PTI, • Industry Tailwinds – Backlog of $50.3 million 58+ $39+ Trilithic, • Continuous Product Line expansion Champion • Gaining market share • Long running “sticky” Defense
Slide 20: Your Questions
Your Questions 20 MtronPTI Contact Information Visit us: www.MtronPTI.com Contact us: email: ir@mtronpti.com
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