Strattec Security Corporation · NASDAQ:STRT
Strattec Security — Sidoti Year End Virtual Conference 2025
23 slides from Strattec Security's conference presentation, Dec 11, 2025
Slide 1: Sidoti Year End Virtual Conference
Sidoti Year End Virtual Conference December 11, 2025 | Nasdaq: STRT Jennifer Slater President and CEO | Matthew Pauli Senior Vice President and CFO www.strattec.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement Safe Harbor Statement date of this presentation and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or Certain statements contained in this presentation contain “forward-looking circumstances occurring after t
Slide 3: Delivering Innovative, Comprehensive, Highly Engineered Solutions for the Automotive Industry
Leader in Powered Vehicle Delivering Innovative, Comprehensive, Access, Security and Highly Engineered Solutions for the Authorization Solutions Automotive Industry 1 Nasdaq: STRT Founded: 1908 Public: 1995 Market Capitalization: $334M Recent Closing Price: $79.23 $83.00 / 52-week High/Low: $31.57 A
Slide 4: Highly Engineered Products for Leading OEMs
Highly Engineered Products for Leading OEMs TTM Q1 FY26 REVENUE: $578.4M Milwaukee, WI SALES BY CUSTOMER Auburn Hills, MI • STRATTEC HQ • Sales 10% • Sales • Engineering • Engineering 12% 28% • Testing • Program Management • Prototype • Manufacturing Development • Die cast • Testing • Stamping Tier
Slide 5: Transforming Strattec: Building a Better Business
Transforming Strattec: Building a Better Business $ Building the Team Driving to Operational Leveraging Value Executing Excellence Proposition Modernization • New Leadership Team • Increasing talent in 2nd • Established a Business • Captured $8 million in • Sale/leaseback to adapt and 3rd tiers of O
Slide 6: Actions Deliver Results
Actions Deliver Results REVENUE CASH FROM OPERATIONS We have been making steady progress improving the $578.4 $71.7 $71.7 $537.8 $565.1 organization despite the $492.9 tumult of tariffs and $10.1 $12.3 FY2023 FY2024 FY2025 TTM Q1 FY26 FY2023 FY2024 FY2025 TTM Q1 FY26 supply chain challenges. We will
Slide 7: Prioritizing Product Portfolio Composition
Prioritizing Product Portfolio Composition SECURITY & AUTHORIZATION VEHICLE ACCESS SELECT USER INTERFACE CONTROLS Passive Entry Power Access Solutions Steering Wheel Passive Start Tailgates and liftgate Switches Systems Sliding and swing doors Decklid and frunk Locksets & Latches Steering Key Fobs &
Slide 8: Innovating to Drive Growth: Power Access
Innovating to Drive Growth: Power Access Leading Position in Power Access • Vehicle power access trends: • Premium vehicle advancements in automated vehicle access – no touch and low touch • Extending access points: passenger doors, POWER TAILGATE LIFT GATE tailgates, liftgates, frunks • Proliferate
Slide 9: Innovating to Drive Growth: Digital Keys & Security
Innovating to Drive Growth: Digital Keys & Security • What is a digital key fob? • A virtual key using Bluetooth, UWB or NFC connection technology • Integrates with a smartphone app • Consumers continue to request a fob • Why evolving to digital key fob? • OEMs upstaging access experience for users
Slide 10: Near-term Headwinds, Outlook, & Strategic Initiatives
REVENUE: Supply chain expected to impact Q2 FY26 • Aluminum fire and semiconductor chip shortage constrains production in the quarter and possibly into Q3 FY26 • Mexico border issues creating further supply chain challenges • Sales linked to OEM production rates and U.S. SAAR Near-term MARGINS: Head
Slide 11: Financial Review
Financial Review Progress demonstrated in margin expansion and cash generation 11
Slide 12: Strong Customer Relationships & Diverse Products
Strong Customer Relationships & Diverse Products NET SALES GROWTH ($ in millions) $152.4 $565.1 $578.4 $139.1 $537.8 $493.0 $452.3 Q1 FY25 Q1 FY26 FY 2022 FY 2023 FY 2024 FY 2025 TTM Q1 FY26 Q1 FY26 net sales up $13.3 million, or 9.6% Steady Growth + $4.3 higher demand on existing platforms + New pr
Slide 13: Expanding Gross Margin and Managing SAE
Expanding Gross Margin and Managing SAE(1) ($ in millions; narrative compared with prior-year period unless otherwise noted) Q1 FY26 Gross Margin Expanded 370 Basis Points Y/Y GROSS PROFIT & MARGIN $26.3 + Pricing actions, higher production volume, and restructuring savings drove improvement + $1.3
Slide 14: Enhanced Earnings Power
Enhanced Earnings Power ($ in millions except earnings per share data; narrative compared with prior-year period unless otherwise noted) NET INCOME(1) (QTR) ADJ. NET INCOME(2) (QTR) ADJ. EBITDA(2) & MARGIN (QTR) $8.3 $8.5 $9.2 $8.5 $15.6 $12.9 $13.0 $5.4 $6.1 $9.9 $4.7 $8.0 $3.7 $2.6 $1.3 6.1% 8.9%
Slide 15: Strong Cash Generation & Capital Flexibility
Strong Cash Generation & Capital Flexibility ($ in millions; narrative compared with prior-year period unless otherwise noted) CAPITALIZATION Cash flow from operations of $11.3 million • Continued strong cash earnings and disciplined working-capital June 29, September 28, management 2025 2025 • Tota
Slide 16: Strattec Investment Rationale
Strattec Investment Rationale 1 Delivering improving financial results from transformation progress 2 Strengthening commercial initiatives for 2029 & beyond model years 3 Improving operational efficiency through modernization, rightsizing, process improvement 4 Established new leadership team and ta
Slide 17: Q&A
Q&A STRATTEC 17
Slide 18: Supplemental Slides
Nasdaq: STRT Supplemental Slides www.strattec.com 18
Slide 19: Served Customer Vehicles
Served Customer Vehicles The vehicles listed here include Passenger Cars models of various powertrain types— Acura ZDX Aston Martin Vantage * Ford Focus including electric (EV), hybrid, and Aston Martin AMR24 * Cadillac ATS * Ford Mustang internal combustion engine (ICE) Aston Martin DB 12 * Cadilla
Slide 20: Competitors
STRATTEC Variety of competitors Aisin Inteva OHI Automotive across product categories: Atech Motorsports Kiekert Shinchang Industry Brose Magna Stabilus Door Handles Keys & Locksets Edscha Marquardt Group Tokai Rika Group Power Access GECOM Corp Mitsuba U-Shin Ltd. User Interface Controls Honda Lock
Slide 21: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands) Fiscal 2025 Fiscal 2026 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total NET SALES: Net Sales (GAAP) 139,052 129,919 144,082 152,013 $ 565,066 152,399 $ 152,399 Adjustments: - Retroactive FY23 one-time pricing recovery - - - - - - - Adjusted
Slide 22: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands, except per share data) Fiscal 2025 Fiscal 2026 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total ADJUSTED NET INCOME AND EARNINGS/(LOSS) PER SHARE: Net income attributable to Strattec (GAAP) $ 3,703 $ 1,319 $ 5,396 $ 8,267 $ 18,685 $ 8,529 $ 8
Slide 23: Sidoti Year End Virtual Conference
Sidoti Year End Virtual Conference December 11, 2025 | Nasdaq: STRT Investor Relations Contact: Deborah K. Pawlowski, Alliance Advisors IR 716-843-3908 dpawlowski@allianceadvisors.com www.strattec.com
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