Littelfuse, Inc. · NASDAQ:LFUS
Littelfuse — Investor Presentation (May 2021)
21 slides from Littelfuse's investor presentation, May 2021
Slide 1: Investor Presentation May 2021
INVESTOR PRESENTATION MAY 2021 1
Slide 2: Disclaimers
DISCLAIMERS Important Information About Interfuse, 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 Interfuse, Inc. and no investment decision should be made based upon the information provided here
Slide 3: Littelfuse – A Company That Grows
LITTELFUSE – A COMPANY THAT GROWS EMPOWERING A SUSTAINABLE, CONNECTED, AND SAFER WORLD Who What How We We We Are Do Grow • $1.45B industrial technology • Deliver solutions to 100,000+ • Increase content & share gains company(1) customers through global in industrial, transportation & presence in ove
Slide 4: 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 5: Structural Growth Themes
STRUCTURAL GROWTH THEMES INCREASING COMPLEXITY DRIVES CONTENT OPPORTUNITIES • Renewable Energy Sustainability • Energy Storage 2021 – 2025 • Electrification • Power Optimization Organic • Electronification Revenue Connectivity • Digital Transformation CAGR • Industry 4.0 5 – 7% • Mobility • Increasi
Slide 6: Primary End Markets
PRIMARY END MARKETS BALANCED, DIVERSE & GLOBAL EXPOSURE Transportation Electronics • Passenger Vehicles • Data Center & Communication • Material Handling Equipment Infrastructure • Heavy Truck • Building Technologies & • Bus / Transit Automation • Construction Equipment • Appliances • Agricultural M
Slide 7: Industrial End Markets Positioned for Continued Growth
INDUSTRIAL END MARKETS POSITIONED FOR CONTINUED GROWTH Factory Automation Renewables & Energy Storage Power Semiconductors Power Semiconductors Passive Protection Passive Protection Components Components Protection Relays Position Sensors Surge Protection Devices Temperature Sensors
Slide 8: Transportation End Markets Extending Our Leadership
TRANSPORTATION END MARKETS EXTENDING OUR LEADERSHIP Passenger Vehicle Material Handling Passive Protection Components Fuses & Fuse Holders Automotive Electronics Power Semiconductors Components Power Distribution Modules High Current Modules Contactors Motor Protection Relays Sen
Slide 9: Traditional Passenger Vehicles A Leading Technology Partner
TRADITIONAL PASSENGER VEHICLES A LEADING TECHNOLOGY PARTNER Network & Comfort & Safety Connectivity Systems Infotainment & Navigation / ADAS Fluid Management Small Motor Protection Electrical System Protection Littelfuse products have ensured safety & reliability for decades Littelfuse, Inc. © 2021
Slide 10: eMobility & Charging Infrastructure
eMOBILITY & CHARGING INFRASTRUCTURE ADDITIVE TO TRADITIONAL PASSENGER VEHICLE CONTENT High Voltage Power Onboard Charging Distribution Battery Management & Protection EV Charging Power Conversion & Transmission Littelfuse’s eMobility future is built on our strong automotive foundation Littelfuse, In
Slide 11: Electronics End Markets Leveraging Our Leadership
ELECTRONICS END MARKETS LEVERAGING OUR LEADERSHIP Building Technologies Data Center & Communication Infrastructure Passive Protection Components Passive Protection Components Magnetic Sensors Power Semiconductors Power Semiconductors Solid State Relays • Our ‘21 – ’25 organic revenue CAG
Slide 12: Commitment to ESG
COMMITMENT TO ESG PRIORITIZING FOR LONG-TERM STAKEHOLDER VALUE Environmental Social Governance • Core product strategy focused • Established Diversity & Inclusion • Formal ESG oversight by on global sustainability; Council, & Employee Resource Nominating & Governance renewables, energy storage, Grou
Slide 13: 2021 – 2025 Framework Continued Top Tier Shareholder Returns
2021 – 2025 FRAMEWORK CONTINUED TOP TIER SHAREHOLDER RETURNS 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 – 19% • Cap
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 • 10+ years of growing • Opp
Slide 15: M&A Priorities Aligned with Organic Growth Strategies
M&A PRIORITIES ALIGNED WITH ORGANIC GROWTH STRATEGIES • eMobility Accelerate Success • Renewables in Higher Growth • Energy Storage Applications & • Power Conversion Markets • HVAC 2021 – 2025 • Commercial Vehicles Inorganic • Japan Revenue Expand Geographic • Korea Penetration • India CAGR 5 – 7% •
Slide 16: Acquisition Principles
ACQUISITION PRINCIPLES A FOUNDATION FOR ENHANCED ORGANIC GROWTH Align with business growth strategies Cultivate a systemic pipeline of bolt-ons Accelerating Enhance above-market organic revenue growth Profitable Margin improvement potential Growth Year 5 target: double-digit operating marg
Slide 17: Compelling Investment Proposition
COMPELLING INVESTMENT PROPOSITION A PROVEN SOURCE OF VALUE CREATION Positioned within structural growth themes across diverse end markets Focused on high-growth applications that enable above market organic growth through the cycle High-value, high-opportunity product portfolio Deep customer
Slide 18: Appendix
Appendix
Slide 19: Electronics Product Segment
ELECTRONICS PRODUCT SEGMENT 2021 - 2025 Financial Targets 2020 Revenue: $938M Organic Revenue CAGR: Mid-single digit % Operating Margin: High-teens – 20% Semiconductors Passive Components Sensors Growth & Profitability Catalysts High-Growth Markets: Electronification & Leverage Strong Connectivi
Slide 20: Automotive Product Segment
AUTOMOTIVE PRODUCT SEGMENT 2021 - 2025 Financial Targets 2020 Revenue: $396M Organic Revenue CAGR: High-single digit % Operating Margin: Mid-teens % Auto Fuses Auto Sensors Commercial Vehicle Products Growth & Profitability Catalysts High-Growth Markets: Margin Expansion led Electrification Geog
Slide 21: Industrial Product Segment
INDUSTRIAL PRODUCT SEGMENT 2021 - 2025 Financial Targets 2020 Proforma Revenue*: Organic Revenue CAGR: Mid-single digit % $180M Operating Margin: High-teens % Fuses Relays/Sensors Hartland Controls Growth & Profitability Catalysts High-Growth Markets: Geographic Execute Growth Margin Expansion l