Slide 1: Sensata Third Quarter 2025 Earnings Presentation
Sensata Third Quarter 2025 Earnings Presentation October 2025
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures Safe Harbor Statement This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as "may," "will," "could,"
Slide 3: Q3-2025 Highlights
Q3-2025 Highlights Our focused execution against the key pillars of our transformation drove exceptionally Operational Excellence: Exceeded strong results in the third quarter, with all key metrics exceeding our expectations. In addition expectations across all key financial to delivering today, we
Slide 4: Working capital discipline puts us on track for record free cash flow conversion
Working capital discipline puts us on track for record free cash flow conversion Historical Free Cash Flow Conversion1,2 We continue to make incremental improvements in free cash flow conversion as we focus on working capital $356 $391 $413 $461 $458 $410 $311 $272 $393 $338 efficiency and CapEx rat
Slide 5: We are strengthening our team with proven, results-driven leaders
We are strengthening our team with proven, results-driven leaders Nicolas Bardot Patrick Hertzke Jackie Chen Chief Operations Chief Growth & EVP, President of Officer Transformation Officer Sensata China Effective November 1, 2025 Effective September 1, 2025 Effective January 1, 2026 >20 years of op
Slide 6: We are unlocking future growth through product innovation
We are unlocking future growth through product innovation – winning business today and securing our future EV Charging Innovation Excellence Award finalist at the 2025 NA Battery Show A2L Gas Leak Sensor Tire Burst Detection High Efficiency HVAC & Industrial Auto & HVOR Intelligent, switchable solut
Slide 7: Q3-2025 Financials and Q4-2025 Financial Guide
Q3-2025 FINANCIALS AND Q4-2025 FINANCIAL GUIDE
Slide 8: Strong Q3 results demonstrate our ability to deliver margin expansion and increase free cash flow
Strong Q3 results demonstrate our ability to deliver margin expansion and increase free cash flow $932M 19.3% $0.89 $136M Adj. Op. Revenue Margin Adj. EPS FCF +$2M above high +10 bps above high +$.02 above high 105% Conversion end of guidance end of guidance end of guidance • +3% Organic growth Y/Y
Slide 9: Our capital allocation strategy is creating value as ROIC and net leverage improve
Our capital allocation strategy is creating value as ROIC and net leverage improve 2.9 X 10.2% $0.12 $121M Net leverage Dividend YTD share ROIC repurchases ratio* per share Improved from 3.0x Up ~20 bps Y/Y Sustaining Prioritizing As of June 30, 2025 Vs. Q3 2024 Dividend deleveraging • Driving early
Slide 10: Q3-2025 Segment Performance
Q3-2025 Segment Performance Revenue Growth Segment $ in millions Q3-2025 Q3-2024 Y/Y B/(W) Reported Organic Performance Sensing Net Revenue grew organically Net Revenue $656.9 $659.7 $(2.7) (0.4) % 3.6 % Y/Y, as market outgrowth in Auto Performance Adj. Operating Income $155.6 $145.7 $10.0 and HVOR
Slide 11: We are returning to market outgrowth in the second half of 2025
We are returning to market outgrowth in the second half of 2025 Performance Sensing Sensing Solutions Return to outgrowth, end markets mixed Consistent market outgrowth Automotive Return to outgrowth in Q3 & Q4 2025 Industrial Outgrowth in soft end market • Global LVP resilient through Q3, but • Mai
Slide 12: Sensata has a global footprint with a flexible in-region, for-region production model
Sensata has a global footprint with a flexible in-region, for-region production model 2024 Regional 2024 US Revenue Global Tariff Revenue Mix* Production* Implications Of Sensata's Global Revenue: Of Sensata’s US Revenue: ~$12M of expected pass- • approx. 38% is derived • approx. 70% is sourced thro
Slide 13: Q4-2025 Financial Guidance
Q4-2025 Financial Guidance $ in millions, except EPS Q4-25 GUIDANCE Q3-25 B/(W) Revenue expected to decrease slightly from Q3 to Q4 due to soft HVOR end Revenue $890 – $920 $932 (5) % – (1) % markets and regional seasonality in Autos Adjusted Operating Income in line Adj. Op Income $172 – $179 $180
Slide 14: Appendix A: Other Financial Information
APPENDIX A: OTHER FINANCIAL INFORMATION
Slide 15: Q3-2025 GAAP Results
Q3-2025 GAAP Results $ and shares outstanding in millions, except EPS Q3-2025 Q3-2024 B/(W) Revenue $932.0 $982.8 (5.2) % Gross Profit $259.4 $281.4 (7.8) % (% of revenue) 27.8 % 28.6 % R&D $33.0 $42.7 22.6 % (% of revenue) 3.5 % 4.3 % SG&A $85.8 $102.5 16.3 % (% of revenue) 9.2 % 10.4 % Amortizatio
Slide 16: Q3-2025 Adj. Operating Results
Q3-2025 Adj. Operating Results $ and shares outstanding in millions, except EPS Q3-2025 Q3-2024 B/(W) Revenue $932.0 $982.8 (5.2) % Adj. Gross Profit $293.8 $312.1 (5.9) % % Revenue 31.5 % 31.8 % R&D $33.0 $42.7 22.6 % % Revenue 3.5 % 4.3 % Adj. SG&A $81.1 $79.9 (1.5) % % Revenue 8.7 % 8.1 % Adj. Op
Slide 17: Q3-2025 Cash Flow Statement
Q3-2025 Cash Flow Statement $ in millions Q3-2025 Q3-2024 B/(W) Net loss ($162.5) ($25.0) n.m. Depreciation & Amortization $73.0 $78.4 (7.0) % Changes in Working Capital $13.7 $30.8 (55.6) % Other $235.8 $46.7 n.m. Operating Cash Flow $159.9 $130.9 22.1 % Capital Expenditures ($23.6) ($39.6) 40.3 %
Slide 18: Balance Sheet
Balance Sheet $ in millions SEP 30, 2025 DEC 31, 2024 Total Assets $7,070.0 $7,143.3 Working Capital $1,513.9 $1,315.9 Intangibles, Net & Other Long-Term Assets $4,761.7 $5,116.0 $ in millions SEP 30, 2025 DEC 31, 2024 Cash & Equivalents $791.3 $593.7 Current Debt $2.2 $2.4 Net Cash $789.1 $591.3 18
Slide 19: Appendix B: GAAP to Non-GAAP Reconciliations
APPENDIX B: GAAP TO NON-GAAP RECONCILIATIONS
Slide 20: Non-GAAP Measures
Non-GAAP Measures We supplement the reporting of our financial information determined in accordance with U.S. generally accepted accounting principles (“GAAP”) with certain non-GAAP financial measures. We use these non-GAAP financial measures internally to make operating and strategic decisions, inc
Slide 21: Non-GAAP Measures – continued
Non-GAAP Measures – continued Free Cash Flow – is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software. Free cash flow conversion is defined as Free cash flow divided by Adjusted net income. We believe free cash flow is useful
Slide 22: Adjusted EBITDA
Adjusted EBITDA In thousands Period Total Sensata LTM Q3-2025 Q2-2025 Q1-2025 Q4-2024 Q3-2024 Net (loss)/income $ (26,149) $ (162,523) $ 60,668 $ 69,919 $ 5,787 $ (25,034) Interest expense, net 136,107 32,402 33,212 33,683 36,810 33,085 Provision for/(benefit from) income taxes 109,338 14,096 45,112
Slide 23: Organic Revenue Growth
Organic Revenue Growth Q3-2025 Constant Less: Reported % Less: FX Impact Currency % Acquisition & Organic Growth Change Change Divestitures, net Performance Sensing (0.4) % 1.0 % (1.4) % (5.0) % 3.6 % Sensing Solutions 0.2 % 0.5 % (0.3) % (2.8) % 2.5 % Other (100.0) % — % (100.0) % (100.0) % — % Sen
Slide 24: Free Cash Flow
Free Cash Flow $ in thousands Q3 Q3 YTD Total Sensata 2025 2024 Change 2025 2024 Change Net cash provided by operating activities $ 159,868 $ 130,891 22.1 % $ 419,971 $ 380,834 10.3 % Additions to property, plant and equipment and (23,626) (39,571) 40.3 % (81,586) (126,759) 35.6 % capitalized softwa
Slide 25: Debt and Leverage Ratio (Gross and Net)
Debt and Leverage Ratio (Gross and Net) $ in thousands As of Total Sensata 9/30/2025 6/30/2025 3/31/2025 12/31/2024 9/30/2024 Current portion of long-term debt and finance lease obligations $ 2,234 $ 2,156 $ 2,130 $ 2,414 $ 2,076 Finance lease obligations, less current portion 19,596 19,968 20,627 2
Slide 26: Adjusted Taxes and Adjusted Tax Rate
Adjusted Taxes and Adjusted Tax Rate $ in thousands Q3 Q3 YTD Total Sensata 2025 2024 2025 2024 Provision for/(benefit from) income taxes $ 14,096 $ (219,572) $ 79,930 $ (169,722) Non-GAAP adjustments: Deferred income tax and other tax expense/(benefit) (2,096) (239,221) 26,163 (233,775) Current tax
Slide 27: Adjusted Corporate and Other Expenses
Adjusted Corporate and Other Expenses In thousands Q3 Q3 YTD Total Sensata 2025 2024 2025 2024 Corporate and other expenses $ (100,121) $ (102,304) $ (238,364) $ (244,022) Non-GAAP adjustments: Restructuring related and other 37,772 34,167 66,408 60,525 Financing and other transaction costs 1,285 19
Slide 28: Other GAAP to Non-GAAP Reconciliations
Other GAAP to non-GAAP Reconciliations $ in thousands (except EPS amounts) Q3-2025 Q3-2024 Operating Operating Operating Net (Loss)/ Operating Net (Loss)/ Total Sensata (Loss)/ EPS (Loss)/ EPS Margin Income Margin Income Income Income Reported (GAAP) $ (122,888) (13.2) % $ (162,523) $ (1.12) $ (199,