Littelfuse, Inc. · NASDAQ:LFUS
Littelfuse — Investor Presentation (February 2025)
24 slides from Littelfuse's investor presentation, February 2025
Slide 1: Investor Presentation February 2025
INVESTOR PRESENTATION FEBRUARY 2025 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: Littelfuse: A Diversified, Industrial Technology Company
LITTELFUSE: A DIVERSIFIED, INDUSTRIAL TECHNOLOGY COMPANY EMPOWERING A SUSTAINABLE, CONNECTED, AND SAFER WORLD Who Our Strategy Connecting We & Growth Purpose to Our Are Vectors Performance • $2.2B diversified, industrial • Broadening technology portfolio • 15-year double-digit technology company(1)
Slide 4: 2024 Highlights
2024 HIGHLIGHTS Adj. Free Cash Net Sales Operating Adj. EPS Flow $2.2B Margin $8.48 $292M 12.9% Well positioned for 2025 earnings expansion driven by broad technology capabilities, diverse end market exposures & strong balance sheet See appendix for GAAP to non-GAAP reconciliation Littelfuse, Inc. ©
Slide 5: 2021 – 2025 Growth Strategy
2021 – 2025 GROWTH STRATEGY Our capabilities, investments & diversification deliver significant value Littelfuse, Inc. © 2025 5
Slide 6: Diversification of Technologies, End Markets & Geographies
DIVERSIFICATION OF TECHNOLOGIES, END MARKETS & GEOGRAPHIES DELIVERS DOUBLE-DIGIT REVENUE & EARNINGS CAGR Expanding leadership in 15-year* CAGR: core markets while Sales +11% prioritizing strategic Adj. EPS +22% investments to bolster diversified portfolio Flexible cost structure drives improved
Slide 7: 2023 Sustainability Report Highlights
2023 SUSTAINABILITY REPORT HIGHLIGHTS Our Approach Sustainability isn’t just a concept; it’s integrated into our business strategy, processes, and daily actions. Innovation and collaboration are at the heart of our sustainability journey. Framework and Disclosure Programs: Confidential and Proprieta
Slide 8: Increasing Complexity Drives Content Opportunities
INCREASING COMPLEXITY DRIVES CONTENT OPPORTUNITIES Our capabilities enable high-growth Sustainability applications Renewables Renewables Connectivity Electrification Electronification Power Optimization Energy storage Digital Transformation Power conversion Safety Artificial Intell
Slide 9: Balanced, Diverse & Global End Market Exposure
BALANCED, DIVERSE & GLOBAL END MARKET EXPOSURE NO MARKET REPRESENTS AN OUTSIZED PORTION OF REVENUE TRANSPORTATION ELECTRONICS • Commercial Vehicles • Data Center & Communication • Material Handling Equipment Infrastructure • Heavy-Duty Truck & Bus • Building Technologies & Automation • Off-Road & Re
Slide 10: Proven Go To Market Strategy
PROVEN GO TO MARKET STRATEGY BROAD GLOBAL ACCESS & REACH Strategic Scale of product offering, diversification of applications Deep OEM Distribution +17 billion components sold annually to 100,000+ customers Relationships Partnerships Expansive customer reach Long-term product life cycles Local custo
Slide 11: Cash Generation & Capital Deployment
CASH GENERATION & CAPITAL DEPLOYMENT Well-positioned business model & execution drive robust long- term cash generation Disciplined approach to working capital management Strong balance sheet supports capital deployment strategy Net leverage ratio ~1.2x Prioritizing growth investments 20
Slide 12: Long-Term History of Disciplined and Strategic M&A
LONG-TERM HISTORY OF DISCIPLINED AND STRATEGIC M&A 3.0 2.5 TE Connectivity’s Circuit Elmos Revenue ($B USD) Protection Business Dortmund 2.0 Facility ON Semiconductor Portfolio 1.5 1.0 0.5 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Strategic Acquisitions Bolster Long-Term Growt
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 • 12 years of growing • Oppo
Slide 14: Why Invest in Littelfuse
WHY INVEST IN LITTELFUSE RESILIENT BUSINESS MODEL & GROWTH STRATEGY Strength of Long-term Growth technologies track record of Sustained oriented & capabilities double-digit profitability & capital enabling sales growth cash deployment growth & leveraged generation driving best-in- themes earnings cl
Slide 15: Appendix
APPENDIX
Slide 16: FY 2024 Total Company Financial Performance
FY 2024 TOTAL COMPANY FINANCIAL PERFORMANCE (in millions) Revenue Highlights Revenue (-7%) vs PY (reported & organic) Includes ~2% portfolio pruning headwind GAAP op margin 7.8%; Adjusted op margin $2,363 $2,191 12.9% Lower sales & related deleverage offset operational execution 30bps unfa
Slide 17: Electronics Product Segment
ELECTRONICS PRODUCT SEGMENT (in millions) FY 2024 Revenue Growth & Profitability Drivers High-growth markets: Building & home technologies, data centers, telecom, power supplies, motor drives, $1,350 medical, factory automation, renewables, automotive $1,187 electronics Electronification & elect
Slide 18: Transportation Product Segment
TRANSPORTATION PRODUCT SEGMENT (in millions) FY 2024 Revenue Growth & Profitability Drivers Global electronification & electrification positioning driving content growth $678 $672 Balanced product offering: Core ICE & low voltage leadership, innovative high voltage EV enabler Driving continued
Slide 19: Industrial Product Segment
INDUSTRIAL PRODUCT SEGMENT (in millions) FY 2024 Revenue Growth & Profitability Drivers High-Growth Markets: Renewables, energy storage, $334 $332 data center, charging infrastructure, automation, industrial safety Margin expansion driven by volume leverage and FY-23 FY-24 operational execution
Slide 20: Supplemental Financial Information
SUPPLEMENTAL FINANCIAL INFORMATION Non-GAAP EPS reconciliation YTD-24 YTD-23 GAAP diluted EPS $ 4.51 $ 10.34 EPS impact of Non-GAAP adjustments (below) 3.97 1.40 Adjusted diluted EPS $ 8.48 $ 11.74 Non-GAAP adjustments - (income) / expense ( in millions) YTD-24 YTD-23 Acquisition-related and integra
Slide 21: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Adjusted operating margin / Adjusted EBITDA reconciliation (in millions) YTD-24 YTD-23 Net (loss) income $ 113.0 $ 259.5 Add: Income taxes 51.7 69.1 Interest expense 38.7 39.9 Foreign exchange (gain) loss (9.2) 12.3 Other income, net (22.6) (19.9) GAAP opera
Slide 22: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Adjusted EBITDA by Segment ( in millions) YTD-24 YTD-23 Electronics Transportation Industrial Electronics Transportation Industrial GAAP operating income $ 168.0 $ 69.5 $ 46.0 $ 300.6 $ 33.6 $ 54.8 Add: Add back amortization 39.4 13.5 9.2 39.9 15.8 10.1 Add
Slide 23: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT'D Income tax reconciliation YTD-24 YTD-23 Income taxes $ 51.7 $ 69.1 Effective rate 31.4 % 21.0 % Non-GAAP adjustments - income taxes 4.7 5.0 Adjusted income taxes $ 56.4 $ 74.1 Adjusted effective rate 21.0 % 20.1 % Free cash flow reconciliation YTD-24 YTD-23
Slide 24: Supplemental Financial Information Cont'd
SUPPLEMENTAL FINANCIAL INFORMATION CONT'D ( in millions) Consolidated Total Debt As of December 28, 2024 Consolidated Total Debt $ 856.1 * Our Credit Agreement and Private Placement Note with maturities ranging from 2024 to 2032, Unamortized debt issuance costs 2.8 contain financial ratio covenants