Bel Fuse Inc. · NASDAQ:BELFA
Bel Fuse — Needham Growth Conference 2026
16 slides from Bel Fuse's conference presentation, Jan 13, 2026
Slide 1: Needham Growth Conference
Needham Growth Conference January 13, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement The Company’s consolidated operating results are affected by a Forward-Looking Statements can be identified by such words as wide variety of factors that could materially and adversely affect “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” revenues and profitab
Slide 3: Company Overview
Company Overview Powering, protecting and connecting electronic circuits since 1949 Headquarters West Orange, New Jersey NASDAQ BELFA / BELFB Annual Sales $657M* Adj EBITDA / % of Sales $137M* / 20.9%* * TTM 9/30/25, pro forma to include acquisition of Enercon POWER | PROTECT | CONNECT 3
Slide 4: Diversity is our Strength
Diversity is our Strength End Markets Product Group Customer Type Geographic Region 17% 13% 15% 25% 32% 13% 53% 19% 34% 65% 75% 39% Networking Power Solutions & Protection OEM North America Industrial Connectivity Solutions Distributor Asia Aerospace/Defense Magnetic Solutions Europe Various (distri
Slide 5: Segment Overview
Segment Overview Power Solutions & Protection Connectivity Solutions Magnetic Solutions Aerospace/Defense* 12% 3% Networking 9% 5% Aerospace/Defense 29% Networking 5% 36% Distribution Distribution End Markets Rail 52% Networking 45% Distribution 20% 34% Industrial 21% Industrial Industrial 26% E-Mob
Slide 6: Our Financial Transformation
Our Financial Transformation Historical Revenue / GM% Historical Adjusted EBITDA ($ in millions) Power Connectivity Magnetics GM% ($ in millions) $137.4 38.7% $140.0 700 0.4 $130.0 20.9% 20.0% $654 $640 37.8% $657 $116.8 $120.0 $101.9 600 $543 33.7% $110.0 $88.1 $535 0.35 $100.0 18.3% 15.0% 500 $90.
Slide 7: Tailwinds from Key Sector Fundamentals
Tailwinds from Key Sector Fundamentals Artificial Increased Data 5G / EV and Electrification Miniaturization Intelligence Generation Connectivity Infrastructure (AI) Positive end market trends position Bel for long-term success POWER | PROTECT | CONNECT 7
Slide 8: The Road Ahead: Exciting Growth Drivers
The Road Ahead: Exciting Growth Drivers Current Trends Near-Term Continued Strength in 2025 Poised for Rebound in H2-2025 Aerospace Defense Distribution Networking Artificial Premise Space Intelligence (AI) Wiring Positive end market trends position Bel for long-term success POWER | PROTECT | CONNEC
Slide 9: Growth Driver: Aerospace & Defense (A&D)
Growth Driver: Aerospace & Defense (A&D) Aerospace Applications Sales into A&D End Market • Power backup 300 Millions • Connectors for in-flight 250 entertainment system • Cabling to measure fuel quantity 200 270% 150 100 50 Defense Applications - 2021 2022 2023 2024* TTM • Communications 9/30/25* •
Slide 10: Growth Driver: Emerging End Markets
Growth Driver: Emerging End Markets Space Applications Sales into Emerging End Markets (Space & AI) • Probes and Orbiters 25 Millions • Low Earth Orbit for Broadband • Missile Defense 20 • GPS Trackers • Planetary Exploration 620% • Atmospheric/Heliophysics 15 10 AI Applications 5 • Cloud Platforms
Slide 11: Bel is poised for growth
Driven by strong financials, diverse markets, and bold innovation, Bel is poised for growth – be part of our next chapter.
Slide 12: Appendix
Appendix
Slide 13: Our Journey of Change To Date
Our Journey of Change To Date 2021 2022 2023 2024 2025 Farouq Tuweiq Pricing Strategy Kenneth Lai Steve Dawson CEO Transition Joins as Bel’s first CFO Round 2 - Targeted VP Asia Operations VP Power Solutions & Protection Farouq Tuweiq appointed CEO February 2021 March 2022 January 2023 July 2024 May
Slide 14: Class A and Class B Share Highlights
Class A and Class B Share Highlights¹ Class A Shares Class B Shares 2,115,263 (16.7% of the total A+B shares outstanding) Shares If the number of Class A shares outstanding drops below 10% of total 10,548,254 (83.3% of the total A+B shares outstanding) Outstanding A+B shares outstanding, the C
Slide 15: Dual Class Structure: Investor Considerations
Dual Class Structure: Investor Considerations 1. Unlike other companies with multi-class share structures (e.g., Meta, Alphabet, News Corp), both Bel Fuse’s voting and non-voting shares are publicly traded and widely available to investors Investors can choose which class of stock to purchase, or
Slide 16: POWER
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