M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — Investor Day (June 2025)
39 slides from M-tron Industries's investor day presentation, Jun 10, 2025
Slide 1: Investor Presentation: Investor Day
INVESTOR PRESENTATION Investor Day June 10, 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) 2.91mm 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 Interim Chief Executive Officer Executive Vice President, President & Chief Financial Officer Finance Non-Executive Boa
Slide 6: Who is M-tron Industries, Inc. (NYSE AM: MPTI)?
Who is M-tron Industries, Inc. (NYSE AM: MPTI)? Mtron is a high technology firm that designs and manufactures highly reliable, precision: Radio Frequency (RF) components (Oscillators, Filters and Resonators) Solutions, which solve larger engineering challenges 6
Slide 7: What are oscillators?
What are oscillators? Oscillators are crucial components in various electronics systems that produce: Clock Generation — A periodic signal that synchronizes digital circuits which is fundamental for coordinating the activities of multiple devices in complex systems in computers and control, commun
Slide 8: Why are Mtron's oscillators important?
Why are Mtron’s oscillators important? Communication and Data Transmission Systems Radar Low drift enhances faster and error-free transmission Low drift improves accuracy of radar measurements Ultra-low phase noise enables clearer, more reliable data transmission Reduced phase noise improves
Slide 9: What are filters?
What are filters? Electronic filters are essential components in electronic systems for many reasons: Frequency Selectivity — Filters selectively pass or reject specific frequency components of a signal, which is essential in applications such as radio communication, radars, and electronic warfare
Slide 10: Why are Mtron's filters important?
Why are Mtron’s filters important? Communication and Data Electronic Warfare (EW) Systems Radar Transmission Systems Higher frequency enhances faster and High selectivity improves jamming, High selectivity improves accuracy of error-free transmission deception, and intelligence gathering radar
Slide 11: What are solutions?
What are solutions? Solutions come in a various forms, such as an Integrated Microwave Assembly (“IMA”) or as a Multi-Function Module (“MFM”), where Mtron acts as an extension of our customer’s Engineering team and designs the complete solution rather than supplying only the components Our solutio
Slide 12: Why use Mtron to provide solutions?
Why use Mtron to provide solutions? Mtron uses the same circuit, electromagnetic, mechanical, thermal, and stress analysis modeling tools as our customers, which is effortlessly integrated into the customer’s system synthesis Design collaboration acts an extension of the customer’s design team a
Slide 13: 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 $50.1M 46.0% $55.5M 10% 19-23% 60-80% Sales1 Gross Margin1 Backlog1 Revenue CAGR2 Adj EBITDA Margins2 FCF Conversion2 6
Slide 14: With Broad Applications
With Broad Applications Commercial Aerospace Space & SATCOM Electronic Warfare Precision-Guided Munitions UAV / Drones Radar 14
Slide 15: Product Applications: Radar
Product Applications: Radar Precision Surveillance Technology to Ensure Security Transmitter Path to Antenna LC Filter, Cavity Filter, Duplexer, Diplexer, Multiplexer, Cavity Filter, Hypersonic missiles Waveguide Filter Waveguide Filter, LC Filter and drones require highly advanced radars whic
Slide 16: Product Applications: Commercial Aerospace
Product Applications: Commercial Aerospace Platform Flexibility with InFlight Connectivity Emergency Beacon System Multiple Touchpoints Flight Control (Fly-by-wire) OCXO Clock Oscillator Clock Oscillator Pilot Communications TCXO, LC Filter, Crystal Filter ~16 design slots on nearly every
Slide 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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 23
Slide 24: 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 25: 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 26: 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 43% Increased from $503K/qtr to $12.7M/qtr $1,630K/qtr 51% 34% 351% Adjusted EBITDA Margin Cash Generation EPS Increased from 10.4% to 19.7% Inc
Slide 27: New Product Development
New Product Development Increased R&D and Capex Spend Drive Organic Topline Growth in the Near-Term Constant Innovation with New Product Revenue ($M) Total Revenue ($M) ASP $120 Strategic Targeting of Larger Opportunities $103.54 $100 ~30% of FY’24 Revenue comes $92.13 from products introduced sin
Slide 28: Financial Summary
Financial Summary Compelling Financials With Strong Topline Growth And Healthy Margins Revenue & Growth ($M) Gross Profit & Margin ($M) 46% 46% 19% 18% 41% 29% (2%) 19% 36% (11%) 34% 35% $22.6 $23.3 $49.0 $50.6 14% $16.8 43% $41.2 19% 43% $30.0 $26.7 $31.8 $10.3 $11.3 $9.3 $11.2 $12.7 $4.8 $5.4 FY'2
Slide 29: 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 30: 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 45 – 50% 21% - 23% Continued design win momentum speaks well to
Slide 31: Tariffs
Tariffs Mtron is committed to development of its U.S.-based manufacturing capability Mitigation steps: and continues to become more vertically integrated as it pulls additional • FAR exemption capabilities in-house. • Second source for all imports from We are still susceptible to tariffs for some ma
Slide 32: Questions?
Questions? fi Mtron” 2
Slide 33: Thank You
lm Mtron’ Thank You
Slide 34: Mtron 2025 Conference Schedule
Mtron 2025 Conference Schedule Thank You For Attending 15th Annual East Coast Ideas Conference New York, New York June 11, 2025 IEEE MTT-S International Microwave Symposium We hope to see you at an San Francisco, California June 15 – 20, 2025 upcoming event… Sidoti Small-Cap Conference Virtual Septe
Slide 35: Appendix
Appendix 35
Slide 36: Product Applications: Space & SATCOM
Product Applications: Space & SATCOM Designed to Withstand Harsh Front End Receiver Timing Environments Crystal Filter, Cavity Filter, LC Filter OCXO, OCXO with PLL, VCTCXO, VCXO, TCXO, Crystal Filter Timing Over 80 design wins on satellite Crystal Resonator platforms and manned spacecrafts
Slide 37: Product Applications: Electronic Warfare
Product Applications: Electronic Warfare High Reliability Timing, Path to Antenna Spectrum & Frequency Control Duplexer, Diplexer, Multiplexer, Cavity Filter, Waveguide Filter, LC Filter Transmitter LC Filter, Cavity Filter, Waveguide Filter, Power Current Electronic Warfare systems Amplifier
Slide 38: Product Applications: Precision-Guided Munitions
Product Applications: Precision-Guided Munitions Pinpoint Missile Accuracy Radar Guided OCXO, TCXO and LC Filter with Superior Electronic Technology Missile Data Links LC Filter and Crystal Filter Defense agencies are focusing on high- performance, precision strike weapons that have farther st
Slide 39: 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 Q1 2024 Q1 2025 Income before income taxes $ 2,893 $ 2,113 $ 2,595 $ 4,400 $ 9,775 $ 1,863 $ 2,114 Adjustments: Interest expense (income) 86 12 11 (7) (243) (32) (111)