Slide 1: Q4 2024 Earnings Release
1 Q4 2024 EARNINGS RELEASE JANUARY 28, 2025
Slide 2: Important Information About Littelfuse, Inc.
2Littelfuse, Inc. © 2025 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 informatio
Slide 3: Business Update
BUSINESS UPDATE Dave Heinzmann, President & CEO
Slide 4: Executive Summary
4Littelfuse, Inc. © 2025 EXECUTIVE SUMMARY Solid end of year execution, well positioned into 2025 Operational execution, diverse business model drive Q4 results within prior guided range Flat organic sales amid mixed environment across end markets FY 2024 progression reflects unwavering custom
Slide 5: 2021–2025 Growth Strategy
5Littelfuse, Inc. © 2025 2021 – 2025 GROWTH STRATEGY EMPOWERING A SUSTAINABLE, CONNECTED, AND SAFER WORLD Our capabilities, investments & diversification deliver significant value
Slide 6: Electronics End Markets
6Littelfuse, Inc. © 2025 ELECTRONICS END MARKETS GLOBAL CUSTOMER REACH, BROAD CAPABILITIES Strong data center & solid medical performance, offset by subdued consumer products, appliance & building technology application demand Continued solid global design-in activity, traction with broad custom
Slide 7: Transportation End Markets
7Littelfuse, Inc. © 2025 TRANSPORTATION END MARKETS BALANCED TECHNOLOGIES, GLOBAL SCALE Leveraging global positioning to drive content opportunities amid declining underlying global car build Solid FY China auto growth Strong commercial vehicle execution & actions offset by continued soft end
Slide 8: Industrial End Markets
8Littelfuse, Inc. © 2025 INDUSTRIAL END MARKETS INNOVATIVE SOLUTIONS, DIVERSE SECTOR EXPOSURE Innovating amid mixed 2024 industrial demand Solid HVAC, industrial safety & renewable performance Ongoing weak conditions in Europe, led by soft industrial equipment & factory automation demand Mor
Slide 9: Financial Update
FINANCIAL UPDATE Meenal Sethna, EVP & CFO
Slide 10: Q4 2024 Total Company Financial Performance
10Littelfuse, Inc. © 2025 Q4 2024 TOTAL COMPANY FINANCIAL PERFORMANCE ($1.57)$1.71GAAP EPS $2.04$2.02Adj. EPS 18.1%19.6%Adj. EBITDA% $534 $530 Q4-23 Q4-24 Revenue (in millions) See appendix for GAAP to non-GAAP reconciliation Highlights Revenue (-1%) reported & flat organically vs PY Includes ~2
Slide 11: FY 2024 Total Company Financial Performance
11Littelfuse, Inc. © 2025 FY 2024 TOTAL COMPANY FINANCIAL PERFORMANCE $4.51$10.34GAAP EPS $8.48$11.74Adj. EPS 18.9%22.3%Adj. EBITDA% $2,363 $2,191 FY-23 FY-24 Revenue (in millions) See appendix for GAAP to non-GAAP reconciliation Highlights Revenue (-7%) vs PY (reported & organic) Includes ~2% p
Slide 12: Cash Generation & Capital Deployment
12Littelfuse, Inc. © 2025 CASH GENERATION & CAPITAL DEPLOYMENT Well-positioned business model & execution drive robust long- term cash generation Disciplined approach to working capital management Strong balance sheet supports capital deployment strategy Net leverage ratio ~1.2x Prioritizi
Slide 13: Q4 & FY 2024 Electronics Segment Financial Performance
13Littelfuse, Inc. © 2025 14.2%22.3%Op Margin 20.9%28.1%Adj. EBITDA% $1,350 $1,187 FY-23 FY-24 FY 2024 Revenue 12.3%18.0%Op Margin 19.3%24.7%Adj. EBITDA% $298 $286 Q4-23 Q4-24 Q4 2024 Revenue Q4 & FY 2024 ELECTRONICS SEGMENT FINANCIAL PERFORMANCE (in millions) Revenue (-12%) / Organic Passives p
Slide 14: Q4 & FY 2024 Transportation Segment Financial Performance
14Littelfuse, Inc. © 2025 9.0%4.7%Op Margin 14.5%10.8%Adj. EBITDA% Q4 & FY 2024 TRANSPORTATION SEGMENT FINANCIAL PERFORMANCE (in millions) See appendix for GAAP to non-GAAP reconciliation $163 $162 Q4-23 Q4-24 Q4 2024 Revenue $678 $672 FY-23 FY-24 FY 2024 Revenue 10.3%5.0%Op Margin 15.6%11.2%Adj. EB
Slide 15: Q4 & FY 2024 Industrial Segment Financial Performance
15Littelfuse, Inc. © 2025 Q4 & FY 2024 INDUSTRIAL SEGMENT FINANCIAL PERFORMANCE (in millions) See appendix for GAAP to non-GAAP reconciliation $73 $82 Q4-23 Q4-24 Q4 2024 Revenue $334 $332 FY-23 FY-24 FY 2024 Revenue 17.1%12.7%Op Margin 20.8%18.2%Adj. EBITDA% 13.9%16.4%Op Margin 18.4%21.1%Adj. EBITD
Slide 16: Q1 2025 Guidance
16Littelfuse, Inc. © 2025 Q1 2025 GUIDANCE Macro view…Into 2025, seeing mixed underlying conditions but improving order trends Continued passives product recovery, soft Q1 semiconductor demand Transportation: projected low single-digit global car build declines, CV recovery expected later in 2
Slide 17: Full Year 2025 Considerations / Expectations
17Littelfuse, Inc. © 2025 FULL YEAR 2025 CONSIDERATIONS / EXPECTATIONS Expecting a return to growth & solid FY margin expansion FY Elmos capacity sharing agreement impact…+2% growth to Company sales, Neutral EPS impact (Dortmund fab acquisition) F/X & Commodities: (1%) headwind to sales; ~+$0.
Slide 18: Appendix
18Littelfuse, Inc. © 2024 Appendix
Slide 19: Supplemental Financial Information: Non-GAAP EPS Reconciliation
19Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION Non-GAAP EPS reconciliation YTD-23YTD-24Q4-23Q4-24 $ 10.34$ 4.51$ 1.71$ (1.57)GAAP diluted EPS 1.403.970.313.61EPS impact of Non-GAAP adjustments (below) $ 11.74$ 8.48$ 2.02$ 2.04Adjusted diluted EPS Non-GAAP adjustments - (income) / expen
Slide 20: Adjusted Operating Margin / Adjusted EBITDA Reconciliation
20Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Adjusted operating margin / Adjusted EBITDA reconciliation (in millions) YTD-23YTD-24Q4-23Q4-24 $ 259.5$ 113.0$ 42.9$ (39.0)Net (loss) income Add: 69.151.716.19.1Income taxes 39.938.710.19.4Interest expense 12.3(9.2)3.6(13.5)Foreign
Slide 21: Q4 Adjusted EBITDA by Segment
21Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Q4-23Q4-24 Adjusted EBITDA by Segment ( in millions) IndustrialTransportationElectronicsIndustrialTransportationElectronics $ 9.4$ 7.6$ 53.6$ 14.0$ 14.6$ 35.2GAAP operating income Add: 2.63.69.81.53.49.8Add back amortization 1.46.41
Slide 22: YTD Adjusted EBITDA by Segment
22Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D YTD-23YTD-24 Adjusted EBITDA by Segment ( in millions) IndustrialTransportationElectronicsIndustrialTransportationElectronics $ 54.8$ 33.6$ 300.6$ 46.0$ 69.5$ 168.0GAAP operating income Add: 10.115.839.99.213.539.4Add back amortizat
Slide 23: Q4 Net Sales Reconciliation
23Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Q4-24 vs. Q4-23Net sales reconciliation TotalIndustrialTransportationElectronics (1)%12 %(1)%(4)%Net sales (decline) growth Less: — %— %— %— %FX impact — %12 %(1)%(4)%Organic net sales (decline) growth Q4-24 vs. Q4-23Electronics seg
Slide 24: YTD Net Sales Reconciliation
24Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D YTD-24 vs. YTD-23Net sales reconciliation TotalIndustrialTransportationElectronics (7)%(1)%(1)%(12)%Net sales decline Less: — %— %— %— %FX impact (7)%(1)%(1)%(12)%Organic net sales decline YTD-24 vs. YTD-23Electronics segment net sa
Slide 25: Income Tax and Free Cash Flow Reconciliation
25Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Income tax reconciliation YTD-23YTD-24Q4-23Q4-24 $ 69.1$ 51.7$ 16.1$ 9.1Income taxes 21.0 %31.4 %27.3 %(30.4)%Effective rate 5.04.71.8(1.5)Non-GAAP adjustments - income taxes $ 74.1$ 56.4$ 17.9$ 7.6Adjusted income taxes 20.1 %21.0 %
Slide 26: Net Debt and Consolidated Net Leverage Ratio
26Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D ( in millions) As of December 28, 2024Consolidated Total Debt $ 856.1Consolidated Total Debt 2.8Unamortized debt issuance costs 0.3Finance lease liability 859.2Consolidated funded indebtedness 302.2Cash held in U.S. (up to $400 mill
Slide 27: Q1-24 Non-GAAP EPS Reconciliation
27Littelfuse, Inc. © 2025 SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Non-GAAP EPS reconciliation Q1-24 $ 1.93GAAP diluted EPS (0.17)EPS impact of Non-GAAP adjustments (below) $ 1.76Adjusted diluted EPS Non-GAAP adjustments - (income) / expense ( in millions) Q1-24 $ 0.9Acquisition-related and integra