Methode Electronics, Inc. · NYSE:MEI
Methode Electronics — 2025 J.P. Morgan Automotive Conference
18 slides from Methode Electronics's conference presentation, Aug 12, 2025
Slide 1: Methode Electronics, Inc. 2025 J.P. Morgan Automotive Conference
Methode Electronics, Inc. 2025 J.P. Morgan Automotive Conference Jon DeGaynor, President and CEO August 12, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private • Our lengthy sales cycle; Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to • Potential work stoppages; current events and financial p
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures To supplement the company's financial statements presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Methode uses Adjusted Net Income (Loss), Adjusted Diluted Earnings (Loss) Per Share, Adjusted Pre-Tax Income (Loss), Adjus
Slide 4: Key Messages
Key Messages Transformation focused on improving execution then growth – “Earning the Right” Q4 Free cash flow of $26M, highest level since FY23 Record $80M+ in FY25 power product sales in data centers; Similar or greater sales expected in FY26 Reset of EV sales in FY26 due to NA market slowdown mai
Slide 5: Methode at a Glance
Methode at a Glance A leading global supplier of custom-engineered solutions for user interface, lighting system, and power distribution applications in the transportation, Established 1946 construction equipment, and cloud computing end markets. Headquartered in Chicago, IL NYSE: MEI ~6,500 Employe
Slide 6: Global Manufacturing Footprint
Global Manufacturing Footprint Suzhou, China 6 Cost-Efficient Global Footprint – “Make Where We Sell”
Slide 7: Solutions, Products & Customers
Solutions, Products & Customers % of Sales User Interface 45% • Center Consoles • Overhead Consoles • Switch Modules • Remote Controls • Ambient Lighting • Signal Lights Lighting 27% • Forward & Fog Lights • Warning Lights • Rear Stop Lights • Work Lights Power Distribution 24% • Battery Disconnects
Slide 8: Solutions, Products & Customers
Solutions, Products & Customers % of Sales User Interface 45% • Center Consoles • Overhead Consoles • Switch Modules • Remote Controls Growth Engines • Ambient Lighting • Signal Lights Lighting 27% • Forward & Fog Lights • Warning Lights 3. Industrial Lighting • Rear Stop Lights • Work Lights 1. Dat
Slide 9: Reflection on First Year and the Road Ahead in FY26
Reflection on First Year and the Road Ahead in FY26 0-6 Months 6-12 Months 12-18 Months Where We Are Stabilize the Base Install New Team - Drive Launch Execution Remediate Practices - Revamp Mexico and - Diagnose Operations and Egypt Plants Supply Chain Leverage Synergies - Address Inventory - Build
Slide 10: Transformation Roadmap and Accomplishments
Transformation Roadmap and Accomplishments Reset Build & Grow Shift Our Develop & Execute Performance Capabilities Culture New Strategy Improved Focus on Fundamental New Executive Leadership at Working and Collaborating Deploying Proactive Portfolio Operational Metrics & Levers CEO, CFO, CPO, CSO, C
Slide 11: Key Financial Highlights
Key Financial Highlights Sales of $1.05 Billion in FY25 Adj. EBITDA* of $43 Million in FY25 Free Cash Flow of $26 Million in FY25 Q4 Debt and Net Debt Reduced $10 Million from FY25 Q3 to Q4 Company in compliance with all credit facility covenants at the end of FY25 Awards of $1.0+ Billio
Slide 12: How We Continue to "Earn the Right"
How We Continue to “Earn the Right” Fiscal 2026 Improvement Priorities Continue Foundational Actions Execute Program Launches Drive Operational Execution Accelerate Lower-Level Team Rebuilding Refine Organization to Harmonize with Market Opportunities Plant and SG&A Rightsizing Footpri
Slide 13: Guidance
Guidance Sales Fiscal 2026 Full Year Guidance • Net sales range of $900 million to $1,000 million $1,115 $1,048 ($ in millions) • FY25 was a 53-week fiscal year, and FY26 is a 52-week fiscal year $950 • EBITDA range of $70 million to $80 million • Second half of fiscal year expected to be higher tha
Slide 14: Summary
Summary Transformation focused on improving execution then growth – “Earning the Right” Q4 Free cash flow of $26M, highest level since FY23 Record $80M+ in FY25 power product sales in data centers; Similar or greater sales expected in FY26 FY26 Guidance represents 100%+ increase in EBITDA de
Slide 15: Thank You
QAETHODE ELECTRONICS Thank You
Slide 16: Appendix
(AETHODE ELECTRONICS Appendix METHODE ELECTRONICS, INC. AND SUBSIDIARIES, RECONCILIATION OF NON-GAAP MEASURES (unaudited) (in mittions) Three Months Ended Fiscal Year Ended ‘May 3.2025 April2,2024 May 3.2025 April27,2024 (U3. Weeks) _(3 Weeks) _(G3 Weeks) (52 Weeks) EBITDA: Net loss S (283) $ (573)
Slide 17: Refreshed Executive Management Team
Refreshed Executive Management Team CEO CPO CFO VP China & EMEA OPS SVP Global Auto CHRO CSO Jon DeGaynor John Erwin Laura Kowalchik Sadek El Idrissi Lars Ullrich Karen Keegans Brad Corrodi • Started 7/15/24 • Started 7/17/24 • Started 10/1/24 • Promoted 11/27/24 • Started 12/2/24 • Started 2/3/25 •
Slide 18: FY24 – FY26 Sales Bridge
FY24 – FY26 Sales Bridge “Positive Organic ($ in millions) $107 $1,272 Growth” “Flat” to FY24 $125 $0 $1,115 $84 $29 $1,115 As of FY25 Q1 ($59) ($38) ($37) ($54) Stellantis 2-Year Total Dropped from $209M to $6M $1,115 As of $46 $1,048 FY25 Q4 ($54) ($2) $48 $950 ($57) ($49) ($21) ($40) ($36) Net Ot
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