Littelfuse, Inc. · NASDAQ:LFUS

Littelfuse — Q4 2022 Earnings Presentation

26 slides from Littelfuse's earnings presentation, Feb 2, 2023

  1. Slide 1: Q4 2022 Earnings Release

    Q4 2022 EARNINGS RELEASE February 1, 2023 1

  2. Slide 2: Disclaimers

    DISCLAIMERS 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 information provided he

  3. Slide 3: Business Update

    BUSINESS UPDATE Dave Heinzmann, President & CEO

  4. Slide 4: 2022 Highlights

    2022 HIGHLIGHTS  Record annual performance  Revenue of $2.5 billion  YoY: +21%; Organic +11%  Adj. Operating Margin 22%  Adj. Diluted EPS $16.87  YoY: +28%  Double-digit sales growth across all business segments  Expanded leadership & diversification in high-growth end markets & geographies

  5. Slide 5: 2021 – 2025 Growth Strategy

    2021 – 2025 GROWTH STRATEGY EMPOWERING A SUSTAINABLE, CONNECTED, AND SAFER WORLD 2-year CAGR* Revenue Growth 32% Organic Growth ~20% Adj. EPS 60% Our capabilities, investments and diversification deliver significant value *Base FY 2020 Littelfuse, Inc. © 2023 5

  6. Slide 6: Executing Growth Strategy

    EXECUTING GROWTH STRATEGY $1B IN CAPITAL DEPLOYMENT ON STRATEGIC ACQUISITIONS $100M+ Sales $180M+ Sales Technology Enabler $200M+ Sales Jan 2021 Nov 2021 Apr 2022 July 2022 • HVAC • Commercial vehicle • Commercial vehicle • Industrial • e-Mobility electronification electronification • Automotive Acc

  7. Slide 7: Commitment to Sustainability

    COMMITMENT TO SUSTAINABILITY DIVERSE PEOPLE. BOLD SOLUTIONS. SUSTAINED SUCCESS. Environmental Social Governance Goals: Increasing global female Goals: Board oversight of Goal: Targeting Greenhouse Gas (GHG) leadership to at least 25%, and U.S. sustainability program & robust reduction of 38% by 2035

  8. Slide 8: Industrial End Markets Positioned for Accelerated Growth

    INDUSTRIAL END MARKETS POSITIONED FOR ACCELERATED GROWTH 2022 Highlights  Growth driven by leading technical expertise & high-performing technologies  Capabilities critical for sustainability & safety applications; significant business wins  Renewables … solar, wind, energy storage  HVAC systems

  9. Slide 9: Transportation End Markets Extending Our Leadership Position

    TRANSPORTATION END MARKETS EXTENDING OUR LEADERSHIP POSITION 2022 Highlights  Significant passenger vehicle design wins  $550M+ LOP* business wins; over half are on electrified platforms  Average content across vehicles grown to ~$7  Continued double-digit content outgrowth**  Substantial comme

  10. Slide 10: Electronics End Markets Expanding Our Leadership

    ELECTRONICS END MARKETS EXPANDING OUR LEADERSHIP 2022 Highlights  Enhanced global reach & portfolio with acquisitions  C&K integration on-track; new design wins  Secured multi-technology design wins in sustainability, connectivity, & safety applications  Hand tools & appliances  Building techno

  11. Slide 11: Financial Update

    FINANCIAL UPDATE Meenal Sethna, EVP & CFO

  12. Slide 12: Q4 2022 Total Company Financial Performance

    Q4 2022 TOTAL COMPANY FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue +11% vs PY, +4% organic  Organic adjusted for acquisitions, foreign exchange (F/X) and Q4 ‘22 14th week $613 $553  GAAP operating margin 15.4%; Adj. operating margin 17.4%, +40bps vs PY Q4-21 Q4-22  Adj. EPS +6

  13. Slide 13: FY 2022 Total Company Financial Performance

    FY 2022 TOTAL COMPANY FINANCIAL PERFORMANCE (in billions) Revenue Highlights  Revenue +21% vs PY, +11% organic  Organic adjusted for acquisitions, foreign exchange (F/X) & Q4 ‘22 14th week $2.51B  GAAP operating margin 19.9%; Adj. operating margin $2.08B 21.6%, +250bps vs PY  Incremental margins

  14. Slide 14: Q4 & FY 2022 Electronics Segment

    Q4 & FY 2022 ELECTRONICS SEGMENT FINANCIAL PERFORMANCE (in millions) Q4 2022 Revenue FY 2022 Revenue $1,493 $342 $371 $1,301 Q4-21 Q4-22 FY-21 FY-22 Op Margin 23.2% 24.8% Op Margin 23.8% 28.9% Adj. EBITDA% 27.8% 29.9% Adj. EBITDA% 28.5% 33.5%  Revenue growth +9% / organic +2%  Revenue growth +15%

  15. Slide 15: Q4 & FY 2022 Transportation Segment

    Q4 & FY 2022 TRANSPORTATION SEGMENT FINANCIAL PERFORMANCE (in millions) Q4 2022 Revenue FY 2022 Revenue $716 $168 $142 $528 Q4-21 Q4-22 FY-21 FY-22 Op Margin 7.5% 3.5% Op Margin 12.5% 8.9% Adj. EBITDA% 13.0% 10.1% Adj. EBITDA% 18.0% 15.0%  Revenue growth +18% / organic +6%  Revenue growth +36% / o

  16. Slide 16: Q4 & FY 2022 Industrial Segment

    Q4 & FY 2022 INDUSTRIAL SEGMENT FINANCIAL PERFORMANCE (in millions) Q4 2022 Revenue FY 2022 Revenue $74 $305 $70 $251 Q4-21 Q4-22 FY-21 FY-22 Op Margin 6.0% 12.0% Op Margin 9.0% 16.0% Adj. EBITDA% 9.1% 14.9% Adj. EBITDA% 12.2% 18.9%  Revenue growth +7% / organic +13%  Revenue growth +21% / organic

  17. Slide 17: Q1 2023 Guidance

    Q1 2023 GUIDANCE (in millions) Revenue Highlights  Macro View entering 2023  End markets… continued growth in eMobility, industrial, commercial vehicle; weakness in several electronics markets  Accelerating inventory rebalancing at channel partners through H1 ’23 in Electronics segment $623 $613

  18. Slide 18: Full Year 2023 Considerations / Expectations

    FULL YEAR 2023 CONSIDERATIONS / EXPECTATIONS  F/X – immaterial impact to 2023 sales / earnings at current F/X rates  Expect to maintain FY company adj. operating margin at 17 – 19%; By segment:  Electronics >20%  Industrial upper teens  Transportation progressive improvement, double-digits in b

  19. Slide 19: Diversification Delivers Double-Digit Revenue & Earnings CAGR

    DIVERSIFICATION OF TECHNOLOGIES, END MARKETS & GEOGRAPHIES DELIVERS DOUBLE-DIGIT REVENUE & EARNINGS CAGR $18.00 $2,500 15-, 10-, 5-yr CAGRs*  Expanded Sales +11% to +16% $2,250 Adj EPS +17% $16.00 market leadership & $2,000 $14.00 profitability $1,750 $12.00  Playbook to successfully Sales $1,500

  20. Slide 20: Q&A

    Q&A Littelfuse, Inc. © 2023 20

  21. Slide 21: Appendix

    APPENDIX Littelfuse, Inc. © 2023 21

  22. Slide 22: Supplemental Financial Information

    SUPPLEMENTAL FINANCIAL INFORMATION Littelfuse, Inc. © 2023 22

  23. Slide 23: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 23

  24. Slide 24: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 24

  25. Slide 25: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 25

  26. Slide 26: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 26

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