Slide 1: Q1 2022 Earnings Release
Q1 2022 EARNINGS RELEASE May 3, 2022 1
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
Slide 3: Business Update
BUSINESS UPDATE Dave Heinzmann, President & CEO
Slide 4: Q1 2022 Highlights
Q1 2022 HIGHLIGHTS ▪ Tremendous start to this year, building on success in 2021 ▪ Record quarterly results; substantially above expectations ▪ YoY: Revenue +34%; Adjusted Earnings +87% ▪ Adjusted Operating Margin 25.6% ▪ Outperformed markets served ▪ Organic growth trajectory combined with strateg
Slide 5: 2021 – 2025 Growth Strategy
2021 – 2025 GROWTH STRATEGY EMPOWERING A SUSTAINABLE, CONNECTED, AND SAFER WORLD Double-Digit Best-in-Class Deliver Top Tier Revenue Growth Profitability Shareholder Returns Outcomes Content & High-Growth Markets Strategic Share Gains & Geographies Acquisitions Our Growth Drivers Sustainability Conn
Slide 6: Accelerating Growth Strategy with Strategic Acquisition of C&K Switches
LITTELFUSE ACCELERATING GROWTH STRATEGY WITH STRATEGIC ACQUISITION OF C&K SWITCHES C&K* brings to Littelfuse: ▪ Strong global presence in target end markets including industrial, automotive & datacom ▪ Leading designer & manufacturer of high-performance electromechanical switches & interconnect solu
Slide 7: 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 Closing Pending • HVAC • Commercial vehicle • Commercial vehicle • Industrial • E-mobility electronification electronification • Auto
Slide 8: Industrial End Markets Positioned for Continued Growth
INDUSTRIAL END MARKETS POSITIONED FOR CONTINUED GROWTH Q1 2022 Highlights ▪ Increased business wins with expanded product portfolio ▪ New technologies to address ▪ Electrical safety standards ▪ Power requirements ▪ Sales synergies from acquisitions ▪ Accelerated growth in target markets ▪ Food & bev
Slide 9: Transportation End Markets Extending Our Leadership Position
TRANSPORTATION END MARKETS EXTENDING OUR LEADERSHIP POSITION Q1 2022 Highlights ▪ Continued market outgrowth from increased product content driven by electrification & electronification ▪ Broad design wins across passenger & commercial transportation markets & electric vehicle charging infrastructur
Slide 10: Electronics End Markets Leveraging Our Leadership
ELECTRONICS END MARKETS LEVERAGING OUR LEADERSHIP Q1 2022 Highlights ▪ Significant growth from innovative products targeting key end markets ▪ Capitalized on complexity & proliferation of electronics content centered around connectivity; broad design wins ▪ Data centers & telecom infrastructure ▪ Ap
Slide 11: Financial Update
FINANCIAL UPDATE Meenal Sethna, EVP & CFO
Slide 12: Q1 2022 Financial Performance
Q1 2022 FINANCIAL PERFORMANCE (in millions) Revenue & EPS Highlights ▪ Record financial performance, above high end of guidance on sales & earnings ▪ Revenue +34% vs prior year, +22% organic ▪ Strength across all segments, led by Electronics ▪ Stronger demand, improved shipping rate, had risk $623 a
Slide 13: Prioritized Deployment of Cash
PRIORITIZED DEPLOYMENT OF CASH GROWTH INVESTMENTS DRIVE INCREASING VALUE FOR SHAREHOLDERS ORGANIC INORGANIC RETURN TO SHAREHOLDERS INVESTMENTS INVESTMENTS Programs that: • Strategic acquisitions Dividends Share to enhance organic Repurchases • Drive revenue growth growth • 10+ years of growing • Opp
Slide 14: Q1 2022 Segment Performance
Q1 2022 SEGMENT PERFORMANCE (in millions) Electronics Segment Transportation Segment* Industrial Segment Revenue Revenue Revenue $366 $185 $287 $73 $129 $49 Q1-21 Q1-22 Q1-21 Q1-22 Q1-21 Q1-22 Op Op Op Margin 19.4% 33.0% 15.8% 14.3% 7.2% 17.1% Margin Margin ▪ Revenue growth +28% / organic +29% ▪ Rev
Slide 15: Q2 2022 Guidance
Q2 2022 GUIDANCE (in millions) Highlights Revenue & EPS ▪ Market Dynamics ▪ Broad strength across end markets ▪ Decline in auto car build projections ▪ China COVID lockdowns impacting operations $594 & customers/suppliers (mainly Electronics $523 - segment) $608 ▪ Q2-22 ▪ Sales +15% vs prior year, +
Slide 16: 2022 Full Year Considerations
2022 FULL YEAR CONSIDERATIONS ▪ ~$50 million sales f/x headwind ▪ Expect to stay positive price/cost for full year in current market conditions ▪ ~$50M non-cash amortization expense (excluding C&K) ▪ ~$18M interest expense at current rates (excluding new debt) ▪ Adjusted effective tax rate 16% – 18%
Slide 17: Key Takeaways
KEY TAKEAWAYS ▪ Accelerated start to delivering on five-year strategic goals ▪ Prioritizing resources to drive growth within global structural themes of sustainability, connectivity, & safety ▪ Talented associates, investments for growth & operational excellence will deliver ongoing value for all st
Slide 18: Q&A
Q&A Littelfuse, Inc. © 2021 18
Slide 19: Appendix
APPENDIX Littelfuse, Inc. © 2021 19
Slide 20: Supplemental Financial Information
SUPPLEMENTAL FINANCIAL INFORMATION Littelfuse, Inc. © 2022 20
Slide 21: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2022 21
Slide 22: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2022 22