Ttm Technologies, Inc. · NASDAQ:TTMI

Ttm Technologies — RBC Capital Markets North American Technology Conference 2004

34 slides from Ttm Technologies's conference presentation, Aug 2, 2004

1. Slide 1: RBC Capital Markets North American Technology Conference 2004

   © TTM Technologies RBC Capital Markets North American Technology Conference 2004

2. Slide 2: Safe Harbor Provision

   Safe Harbor Provision TIM Technologies During the course of this presentation, we will make projections or other forward- looking statements regarding future events or the future financial performance of the Company. We wish to caution you that such statements reflect only our current expectations,

3. Slide 3: President and Chief Executive Officer

   Tim Technologies President and Chief Executive Officer

4. Slide 4: Company Overview

   Company Overview TIM Technologies TTMis a leading provider of time-critical and technologically complex printed circuit boards to the world’s leading electronic equipment designers and manufacturers “Pure Play” printed circuit board (PCB) manufacturer + Focused on time (24 hrs to 10 days) & technolo

5. Slide 5: Investment Highlights

   Investment Highlights Focused Strategy & + Leader in most attractive PCB segments — time & technology Leading Market Position + Mission-focused facilities - speed, flexibility and technology + Strong relationships with leading OEM and EMS customers Demonstrated Execution Excellence + Proven ability

6. Slide 6: Attractiveness of Time & Technology Strategy

   Attractiveness of Time & Technology Strategy + Early access to new customers with high-growth potential Growth + Key supplier to high-growth programs within market leaders + Critical service for new product introduction across multiple industries + Difficult business model to replicate Limited Compe

7. Slide 7: Industry Overview

   TM Industry Overview

8. Slide 8: Industry Dynamics and Key Success Factors

   Industry Bynamics and Key Success Factors Tim Technologies Current Industry Dynamics Key Success Factors + Continued outlook for healthy + Capacity in place for complex products industry conditions and short lead times + High volume, low-mix, low- + Focus on quick-turn, high-mix and technology produ

9. Slide 9: Competitive markets by technology and lead time

   [1 Asian focus [J Competitive markets High (> 1,000) = Pcs + Cellphones Limited product + Computer + Advanced PDAS application peripherals + Power supplies z + Automative 4 + Consumer os electronics 2 = Pcs Low-end servers High-end servers E + Computer + High-end computers | + Telecom | Medtum (100

10. Slide 10: North American PCB market

    rth American Tim Technologies * $5.3 billion North American PCB market in 2003 © Total number of PCB manufacturers has been reduced by approximately 50% > 950 companies in 1992 to fewer than 500 in 2003 * 30-40% of PCB capacity has been removed since 2000 peak * Only7 PCB fabricators with greater th

11. Slide 11: TTM's Strategy

    TTM’s Strategy "1

12. Slide 12: TTM's Strategy

    TT's Strategy Customers / End Markets + Diverse hase of industry leading customers + Early access to emerging customers and niche enc-markets + Glabal sales reach Technology Time + High performance, technologically camplex PCBS Industry Leading Execution and + Dedicated ultra-short lead time Financi

13. Slide 13: Facility Specialization Strategy

    Tim Technologies Technology (Layer Count) 40 30 20 10 Prototypes High-Mix / Low Volume & Prototypes Facility Specialization Strategy Leading Edge Technology 5 10 Time (Lead Time in Days) 15 20 ty and Technology 13

14. Slide 14: Capacity Expansion Plan

    Capacity Expansion Plan at Existing Facilities Chippewa Falls — Phase One © Approximately 100 additional employees by mid~04 * 44,000 sq. ft. physical expansion > Capital equipment and plant expansion ($10mm) > Additional employees Santa Ana/ Redmond * Target completion by end of 2004 * ongoing capa

15. Slide 15: Price by Delivery Time

    Price by Delivery Time 5x Quick-Turn Revenue 2 ax (10 days or less) 2 > 27% 2003 = ~239 % ox > 23% 1H 04 3 3 = & 2x s > 1x ox 24Hours 3Days SDays 10Days 1120 Standard- Days Delivery Time (Lead Time) 15

16. Slide 16: Revenue By Layer Count

    Revenue By Layer Count TIM Technologies Percentage of Revenue 67% 63% Avg. Layer Count 1H 04 = 15.2 29%, % 2000= 83 - 30% 28% 28% 3 2% 2% 15% 28% 28% 26% Beg 1999 2000 2001 2002 20038 1H 2004 Hl 12-48 Layers Ol => 20 Layers Continuing to Upgrade Technological Capabilities 16

17. Slide 17: Global Sales Reach

    Global Sales Reach TTM Shipments by Geography Technical —_ Inventory 1H 2004 Sales Support Hub Europe 3 1 2 Asia & ROW 5 1 1 North America 79% 86 8 4 Total 94 10 7 7

18. Slide 18: Customer Concentration

    Customer Concentration Percentage of Revenue 67% 9 64% al 11% & & - 46% 4398 e 42% e 11% 58% 49% 38% 1999* 2000 2001 2002 2003 1H 2004 H@ Top5 customers [ Customers 6to10 increased Exposure to End Market Leaders "Pro forma forthe acquisition of Power Cita, which oocutred in July 1008, 18

19. Slide 19: Revenue Chain

    et ‘Revenue Chain 3) 1H 2004 - % of total production revenues End Markets Customers Channel 5 a = Top OEM EMS g Customers Providers -70% a § + Cisco Benchmark ® High-End ; 2 Eee compu + Hewlett-Packard Celestica 2 .e a + IBM Jabil s ef Plexus 2 8a = 33 + Sun Microsystems Solectron 5 re Others o gs E

20. Slide 20: Key Customers by End Market

    Key Customers by ei End Market ¢ TIM Technologies Percentage of Revenue by End Market — 1H 2004 Networking 4.4, mau Foy NEC Communications 41% im) i@elJuniper ES High-End Computing Industrial & Medical 16% Computer aficron GInvIvIA Peripherals 8% —— sua, =a Handheld & gy dp irtindusties WW) moronoua

21. Slide 21: Cisco emerges as a leading customer

    Step 3: Cisco emerges as a leading proto customer at Santa Ana during Q4 Step 4: Key qualification activities completed and initial orders captured in a4 ' Delivery of Total TTM Solution Step 1: ACI acquisition created position as a leading supplier to Cisco for complex PCBs Step 2: Chippewa Falls’

22. Slide 22: Compelling Growth Opportunities

    Compelling Growth Opportunities TiM Technologies * One-stop manufacturing solution with numerous cross-selling opportunities * Quick-turn capabilities for attracting emerging high-growth customers * Leadership in technology and advanced manufacturing processes * Capacity available through low risk,

23. Slide 23: Chief Financial Officer

    ' (, y Stacey Peterson Technologies TM Chief Financial Officer 23

24. Slide 24: Annual Sales

    Annual Sales Sales ($mm) ‘Advanced Creuits Acquistion (12726102) Power Circuits Acquistion (7/14/99) | 180. 3203. 129. 106. $78.5 $89.00 1998 1999 2000 2001 2002 2003 24

25. Slide 25: Quarterly Sales

    Quarterly Sales Sales ($mm) ‘Advanced Creuits Acquistion (12726102) og feat. Pa H Md 2Q 3a 4Q 1Q 1Q_2Q 3Q_—4Q 2002 2003 25

26. Slide 26: Annual EBITDA and EBITDA Margin

    Annual EBITDA* and EBITDA* Margin 40% $60 30% Power Creuits Acquistion (7/14/99) ‘Advanced Creuits Acquistion (12726102) 20% $20 = 10% $33.0 21.4 Fa F-4 Ed o% $0 1998 1999 2000 2001 2002 2003 * Please see Appendictor EBITDA recondiiaton. EBITDA means earings before interest expense (including amoriz

27. Slide 27: Quarterly EBITDA and Margin

    30% on 25% $12 ! 20% Eso ‘Advanced Circuits & & Acquistion (12/26/02) E 2 a = g $8 15% = e € B og 12.8] pt = “ A 10% 4 2 A § i 5% 3.1 2.1 Fa Pa 4 $0 0% 2030S 40s 10 23st 2002 2003 2004 * Please see Appendictor EBITDA reconciation. EBITDA means eamings before interest expense (Induding amortization o

28. Slide 28: Quarterly Results and Estimates

    Quarterly Results and Estimates (Smm, except per share data) 2003 2004 2Q 3Q 4Q 1Q 2Q 3QE Sales $41.0 $45.3 $54.3 $877 $61.6 $62.0-$64.0 Gross Profit 64 95 14.2 17.3 19.1 % Margin 16% 21% 26% 30% 31% Operating Income” 1.0 40 74 10.7 11.4 GAAP Diluted EPS $0.01 $0.06 $0.11 $0.15 $0.17 $0.18-$0.20 Ope

29. Slide 29: Capitalization

    Capitalization 12131102 12131103 6128104 Cash & ST Investments $18.9 $317 $47.1 Net Cash 89 23.9 40.4 Total Shareholders’ Equity 167.4 178.3 193.0 Total Capitalization VTA 186.1 199.7 Weil-Caj ed for Future Growth 29

30. Slide 30: Conclusion

    Conclusion Solid industry fundamentals Focused strategy and strong market position Demonstrated execution excellence Industry leading financial performance 30

31. Slide 31: TTM Technologies

    © TIM Technologies

32. Slide 32: Appendix

    Appendix Appendix a2

33. Slide 33: Annual EBITDA Reconciliation

    Afinual EBITDA Reconciliation 1998 1999 2000 2001 20022003 Het Income (los $24 $0.2) $284 SB ST Add back items. Income taxes P : 6.0) 62 23) 38 Interest expense 09 10.4 122 260 44 08 jon of debt issuance costs ot 08 or oro ot ion of property, plant, and equipment 3.0 3.6 55 a3 88 78 Amortization of

34. Slide 34: Searchable text section of graphics

    Searchable text section of graphics shown above [ LOG O] RBC Capital Markets North American Technology Conference 2004 [ LOG O] Safe Harbor Provision During the course of this presentation, we will make projections or other forward-looking statements regarding future events or the future financial p

TTM Technologies — RBC Capital Markets North American Technology Conference 2004 on 6ix