Littelfuse, Inc. · NASDAQ:LFUS
Littelfuse — Oppenheimer 13th Annual Industrial Growth Conference 2018
18 slides from Littelfuse's conference presentation, May 8, 2018
Slide 1: Oppenheimer 13th Annual Industrial Growth Conference
Oppenheimer 13th Annual Industrial Growth Conference May 8, 2018 1
Slide 2: Forward Looking Statements
Forward Looking Statements Important Information About Littelfuse, Inc. This presentation does not constitute or form part of, and should not be construed as, an offer or solicitation to purchase or sell securities of Littelfuse, Inc. and no investment decision should be made based upon the informat
Slide 3: Littelfuse: PROTECT | CONTROL | SENSE
Littelfuse: PROTECT | CONTROL | SENSE ▪ Designer, manufacturer, and seller of components and modules for circuit protection, power control, and sensing ▪ Focused on improving the safety, reliability and performance of our customers’ products and systems that use electrical energy LFUS ▪ Global footp
Slide 4: The #1 Brand in Circuit Protection
The #1 Brand in Circuit Protection Expanding Player in Power Control and Sensing Electronics (64%*) Passive Products Semiconductor Products Sensor Products Automotive (29%*) Passenger Car Fuse Products Automotive Sensor Products Commercial Vehicle Products Industrial (7%*) Fuse Products Protection R
Slide 5: 2017 Enterprise Strategy: Accelerated Organic Growth
2017 Enterprise Strategy: Building On Success to Continue Double Digit Growth Leverage Our Protect Position Within Control Accelerated Global Mega Trends Sense Organic Growth 5% - 7% Grow Accelerate Safety Connectivity Circuit Protection Power Control Complemented with Strategic Double M&A Energy Se
Slide 6: Driving Double Digit Revenue Growth
Driving Double Digit Revenue Growth Accelerate Organic Growth Continue Strategic Acquisitions Content and Underpenetrated Share Gains Geographies and Markets Accelerated Organic Growth Cross Segment Increased Opportunities Innovation Confidential and Proprietary | Littelfuse, Inc. © 2017 6
Slide 7: IXYS Acquisition
IXYS Acquisition Global Player in Power Semiconductors Strategic Rationale Financial Highlights • Significant expansion into industrial • Closed January 17, 2018 electronics OEM markets • $343m revenue CY ended 12/31/17 • Increased long term penetration of power control products into automotive mark
Slide 8: Electronics Segment Overview
Electronics Segment Overview $662M 2017 Revenue ▪ ~ $4.0 Billion market* Passive Products ▪ Growing number of applications Semiconductor Products requiring circuit protection Market Sensor Products Information ▪ Market need for innovative power control products Long term organic revenue growth rate:
Slide 9: Automotive Segment Overview
Automotive Segment Overview $453M 2017 Revenue ▪ ~ $2.5 Billion market* Passenger Car Fuse Products ▪ Content increase drives Automotive Sensor Products growth in excess of car Market builds Commercial Vehicle Products Information ▪ OEMs value supply chain on Long term organic revenue a global basis
Slide 10: Industrial Segment Overview
Industrial Segment Overview $106M 2017 Revenue ▪ ~ $1.5 Billion market* Fuse Products ▪ GDP growth, adjusted for negative impact of oil & gas Protection Relays and mining Market Custom Products Information ▪ Current portfolio largely Long term organic revenue North America based growth rate: 2 - 4%
Slide 11: Strong Track Record of Revenue Growth Drives Strong Earnings and Cash Generation
Strong Track Record of Revenue Growth Drives Strong Earnings and Cash Generation… Generation Sales Cash Flow from Adjusted EPS* Operations $1,221 $7.74 $269 $ in millions $ in millions $ per share $668 $3.79 $116 2012 2017 2012 2017 2012 2017 Note: Certain prior year numbers have been restated to re
Slide 12: … Leading to Strong Shareholder Return
… Leading to Strong Shareholder Return $ price Share 250.00 $208.18 237% 200.00 150.00 99% 100.00 80% 50.00 Littelfuse, Inc. (NasdaqGS:LFUS) - Share Pricing Russell 2000 Index (^RUT) - Index Value Dow Jones U.S. Electrical Components & Equipment Index - Index Value Source: Cap IQ Confidential and Pr
Slide 13: What We Expect to Deliver
What We Expect to Deliver: Continued Strong Financial Performance Double Digit Double Digit Free Cash Flow Balanced Capital Sales Growth EPS Growth Approximates Allocation Net Income ▪ 5% - 7% ▪ 17% - 19% ▪ Strong track record ▪ Return 40% of accelerated organic operating margins of free cash flow f
Slide 14: Capital Deployment
Capital Deployment: Balancing Reinvestment with Return to Shareholders 2013 – 2017 Future Free Cash* Cash Priorities Free Cash* Deployment Deployment Disciplined Reinvestment to Share Repurchase 7% Drive Organic Growth Share Repurchase 20% Dividends Target Debt / EBITDA Leverage Dividends 19% Remain
Slide 15: Compelling Investment Proposition
Compelling Investment Proposition: A Proven Source of Growth and Value Creation Accelerated organic growth Continue diversified growth through strong acquisition pipeline ▪ Leverage global secular trends of safety, connectivity ▪ Target strategic acquisitions that and energy efficiency align with fi
Slide 16: Confidential and Proprietary | Littelfuse, Inc. © 2017
Confidential and Proprietary | Littelfuse, Inc. © 2017 16
Slide 17: Appendix
Appendix PROTECT fy \E contro SENSE
Slide 18: Appendix – 2012 to 2017 Non-GAAP measures
Appendix – 2012 to 2017 Non-GAAP measures ($ in millions, except per share data) 2012 2013 2014 2015 2016 2017 As Reported (GAAP) Revenue $ 667.9 $ 757.9 $ 852.0 $ 867.9 $ 1,056.2 $ 1,221.5 Operating Income 106.9 129.9 133.8 104.2 130.6 218.5 Operating Margin 16.0% 17.1% 15.7% 12.0% 12.4% 17.9% Dilu
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