Littelfuse, Inc. · NASDAQ:LFUS

Littelfuse — Investor Presentation (February 2024)

24 slides from Littelfuse's investor presentation, February 2024

  1. Slide 1: Investor Presentation February 2024

    INVESTOR PRESENTATION FEBRUARY 2024 1

  2. 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

  3. 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 • $2.4B diversified, industrial • Broadening technology portfolio • 15-year double-digit technology company(1)

  4. Slide 4: 2021 – 2025 Growth Strategy

    2021 – 2025 GROWTH STRATEGY Our capabilities, investments & diversification deliver significant value Littelfuse, Inc. © 2024 4

  5. Slide 5: Revisiting Our 2021 – 2025 Framework

    REVISITING OUR 2021 – 2025 FRAMEWORK EXECUTING ON OUR GROWTH STRATEGY CAPITAL REVENUE EARNINGS CASH FLOW ROIC ALLOCATION • Double-digit • EPS growth • 100%+ free • 5-year goal: • Return 40% revenue > revenue cash flow high-teens of free cash CAGR growth conversion ROIC % flow to shareholders • 17 –

  6. Slide 6: Diversification Delivers Double-Digit Revenue & Earnings CAGR

    DIVERSIFICATION OF TECHNOLOGIES, END MARKETS & GEOGRAPHIES DELIVERS DOUBLE-DIGIT REVENUE & EARNINGS CAGR  Expanding leadership in 15-year* CAGR: core markets while Sales +10% prioritizing strategic EPS +18% investments to bolster diversified portfolio  Flexible cost structure drives improved profi

  7. Slide 7: 2022 Sustainability Report Highlights

    2022 SUSTAINABILITY REPORT HIGHLIGHTS Our Purpose We empower a sustainable, connected, and safer world Framework & Disclosure Programs: Littelfuse, Inc. © 2024 7

  8. 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

  9. 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

  10. Slide 10: Proven Go To Market Strategy, Broad Global Access & Reach

    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

  11. Slide 11: Executing M&A Strategy Across High-Growth End Markets

    EXECUTING M&A STRATEGY ACROSS HIGH-GROWTH END MARKETS Dortmund Wafer Fab Facility $100M+ Sales $180M+ Sales Technology Enabler $200M+ Sales ~$25M Sales Acquisition agreement Jan 2021 Nov 2021 Apr 2022 Jul 2022 Feb 2023 signed 2023* • HVAC • Commercial vehicle • Commercial vehicle • Industrial • Char

  12. Slide 12: Strategic M&A Priorities Aligned with Organic Growth Strategies

    STRATEGIC M&A PRIORITIES ALIGNED WITH ORGANIC GROWTH STRATEGIES • Enhance technology differentiation Niche Applications in • Strengthen customer Attractive, High relationships Growth End Markets • Expand addressable market 2021 – 2025 • Adjacent markets aligned Organic Revenue CAGR Enhance & Diversi

  13. Slide 13: Acquisition Principles

    ACQUISITION PRINCIPLES DISCIPLINED PLAYBOOK DRIVES SUPERIOR RETURNS  Robust pipeline of bolt-ons  Enhance tech leadership across diverse end markets Accelerating  Leverage existing customer base (distribution & OEM) Profitable  Margin improvement potential via a proven playbook Growth  Year 5 t

  14. Slide 14: 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

  15. Slide 15: 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

  16. Slide 16: Appendix

    Appendix

  17. Slide 17: FY 2023 Total Company Financial Performance

    FY 2023 TOTAL COMPANY FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue (-6%) vs PY, Organic (-10%)  GAAP op margin 15.3%; Adj. op margin 16.5%, (-520bps) vs PY $2,514 $2,363  Ex. F/X impact, ~17% adj. op margin  Effective tax rate: GAAP 21.0%; Adj. 20.1%  +150bps higher than proj

  18. Slide 18: Electronics Product Segment

    ELECTRONICS PRODUCT SEGMENT (in millions) FY 2023 Revenue Growth & Profitability Drivers  High-growth markets: Building & home technologies, data centers, telecom, power supplies, motor drives, $1,493 $1,350 medical, factory automation, renewables, automotive electronics  Electronification & elect

  19. Slide 19: Transportation Product Segment

    TRANSPORTATION PRODUCT SEGMENT (in millions) FY 2023 Revenue Growth & Profitability Drivers  Global electronification & electrification positioning driving content growth $716 $678  Balanced product offering: Core ICE & low voltage leadership, innovative high voltage EV enabler FY-22 FY-23  Top t

  20. Slide 20: Industrial Product Segment

    INDUSTRIAL PRODUCT SEGMENT (in millions) FY 2023 Revenue Growth & Profitability Drivers  High-Growth Markets: Renewables, energy storage, $334 data center, charging infrastructure, automation, $305 industrial safety  Margin expansion driven by volume leverage & FY-22 FY-23 productivity initiatives

  21. Slide 21: Supplemental Financial Information

    SUPPLEMENTAL FINANCIAL INFORMATION Littelfuse, Inc. © 2024 21

  22. Slide 22: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 22

  23. Slide 23: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 23

  24. Slide 24: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 24

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