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iAccess Alpha Best Ideas Winter Investment Conference December 9, 2025 | Nasdaq: STRT Jennifer Slater President and CEO | Matthew Pauli Senior Vice President and CFO www.strattec.com
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Safe Harbor Statement 2 Safe Harbor Statement Certain statements contained in this presentation contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as “anticipate,” “believe,” “could,” “expect,” “intend,” “may,” “planned,” “potential,” “should,” “will,” and “would.” Such forward-looking statements are inherently subject to many uncertainties in the Company’s operations and business environment. These uncertainties include general economic conditions, in particular, relating to the automotive industry, consumer demand for the Company’s and its customers’ products, competitive and technological developments, customer purchasing actions, changes in warranty provisions and customer product recall policies, work stoppages at the Company or at the location of its key customers as a result of labor disputes, foreign currency fluctuations, uncertainties stemming from U.S. trade policies, tariffs and reactions to same from foreign countries, the volume and scope of product returns, matters adversely impacting the timing and availability of component parts and raw materials needed for the production of our products and the products of our customers and fluctuations in our costs of operation (including fluctuations in the cost of raw materials). Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this presentation and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances occurring after the date of this presentation. In addition, such uncertainties and other operational matters are discussed further in the Company’s quarterly and annual filings with the Securities and Exchange Commission. Use of Non-GAAP Financial Metrics and Additional Financial Information In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, Strattec provides Adjusted Non-GAAP information as additional information for its operating results. References to Adjusted Non- GAAP information are to non-GAAP financial measures. These measures are not required by, in accordance with, or an alternative for, GAAP and may be different from non-GAAP financial measures used by other companies. Strattec’s management uses these measures for reviewing the financial results of Strattec for budget planning purposes and for making operational and financial decisions. Management believes that providing these non-GAAP financial measures to investors, as a supplement to GAAP financial measures, help investors evaluate Strattec’s core operating and financial performance and business trends consistent with how management evaluates such performance and trends. Additionally, management believes these measures facilitate comparisons with the core operating and financial results and business trends of competitors and other companies.
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Delivering Innovative, Comprehensive, Highly Engineered Solutions for the Automotive Industry Leader in Powered Vehicle Access, Security and Authorization Solutions Market data as of market close December 4, 2025 Shares Outstanding as of Q1 FY2026 Ownership as of most recent filing. Nasdaq: STRT Founded: 1908 Public: 1995 Market Capitalization: $334M Recent Closing Price: $79.23 52-week High/Low: $83.00 / $31.57 Avg. Trading Vol (3 mos): 90,273 Shares Outstanding: 4.2M Institutional Ownership: 80% Insider Ownership: 3.4% 3
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25% 25% 18% 13% 11% 8% Door Handles Power Access Keys & Locksets Latches Other Aftermarket Highly Engineered Products for Leading OEMs Milwaukee, WI • STRATTEC HQ • Sales • Engineering • Testing • Manufacturing • Die cast • Stamping • Plating Auburn Hills, MI • Sales • Engineering • Program Management • Prototype Development • Testing Juarez, Mexico (3 facilities) • Engineering • Testing • Manufacturing • Assembly • PCBA • Injection Mold Leon, Mexico • Injection Molding • Door Handle Mfg and Painting El Paso, TX • Distribution TTM Q1 FY26 REVENUE: $578.4M SALES BY CUSTOMER SALES BY PRODUCT 28% 23%13% 14% 12% 10% Tier 1 CORE CAPABILITIES • Design and Engineering • Injection Molding • Asembly • Quality Control and Inspection • Zinc Die Cast • Stamping • Plating • Painting • PCBA Manufacturing 4
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5 Transforming Strattec: Building a Better Business Building the Team • New Leadership Team • Increasing talent in 2nd and 3rd tiers of organization • Breaking down organizational silos • Culture shift to increasing innovation, enhancing collaboration and driving for results with focus on customers Driving to Operational Excellence • Established a Business Operating System • Reduced headcount 15% in FY25 for $5M in savings • Further restructured Mexico operations for additional $1M in savings • Working to create stability and predictability in the business Executing Modernization • Sale/leaseback to adapt space to needs • Move HQ to enable collaboration • Enhance IT capabilities and action IT systems advances • Increase automation Leveraging Value Proposition • Captured $8 million in annualized pricing in FY2025 • Expand customer base with initial focus on North America • Engaged in opportunities for model years 2029 and beyond $
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$492.9 $537.8 $565.1 $578.4 FY2023 FY2024 FY2025 TTM Q1 FY26 REVENUE $42.2 $65.5 $84.6 $92.0 FY2023 FY2024 FY2025 TTM Q1 FY26 GROSS PROFIT AND MARGIN $20.6 $25.4 $84.6 $90.5 FY2023 FY2024 FY2025 Q1 FY2026 CASH AND EQUIVALENTS $10.1 $12.3 $71.7 $71.7 FY2023 FY2024 FY2025 TTM Q1 FY26 CASH FROM OPERATIONS 6 Actions Deliver Results We have been making steady progress improving the organization despite the tumult of tariffs and supply chain challenges. We will keep advancing our strategic initiatives and flex accordingly through current industry turmoil.
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Prioritizing Product Portfolio Composition Power Access Solutions Tailgates and liftgate Sliding and swing doors Decklid and frunk VEHICLE ACCESS Latches Tailgates and liftgate Hood and frunk Seat back Power Access Components SELECT USER INTERFACE CONTROLS Steering Wheel Switches Electronic Shifter Modules Transmission Paddle Shifters SECURITY & AUTHORIZATION Passive Entry Passive Start Systems Key Fobs & Start Stop Buttons Locksets & Steering Column Locks Digital Key Fob 7 Door handles PRIORITIZED GROWTH LEGACY CONTINUITY
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Innovating to Drive Growth: Power Access Leading Position in Power Access • Vehicle power access trends: • Premium vehicle advancements in automated vehicle access – no touch and low touch • Extending access points: passenger doors, tailgates, liftgates, frunks • Proliferate to mainstream • Strattec advantages: • Electronics engineering: circuitry architecture knowledge that communicates with vehicle’s ECU • Software engineering: programming experience for addressing design elements and requirements • System capability: Seamless experience across mechanical, electrical and software components • Manufacturing: system experience; quality and reliability 8 POWER TAILGATE LIFT GATE + SLIDING DOOR LIFT GATE
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Innovating to Drive Growth: Digital Keys & Security • What is a digital key fob? • A virtual key using Bluetooth, UWB or NFC connection technology • Integrates with a smartphone app • Consumers continue to request a fob • Why evolving to digital key fob? • OEMs upstaging access experience for users • Critical to security: RF fobs’ security is compromised • Physical transferability for other users (kids, valet, fleet, vehicle service, etc.) • Strattec advantages: • Delivers aesthetic design appeal while packaging the latest electronic solutions • Software engineering: cyber security, battery life, integration into vehicle systems • Electronics engineering: circuitry architecture to package and that meets fit, form and function • USMCA Manufacturing 9
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REVENUE: Supply chain expected to impact Q2 FY26 • Aluminum fire and semiconductor chip shortage constrains production in the quarter and possibly into Q3 FY26 • Mexico boarder issues creating further supply chain challenges • Sales linked to OEM production rates and U.S. SAAR MARGINS: Headwinds with industry disruption for Q2 FY26 • Recent actions to help weather short-term storm • Once clarity from customers will take necessary actions • Long term goal remains 18% to 20% gross margin CASH GENERATION: Normalized • Q1 FY2026 cash from operations approximates a normalized run rate ADVANCING TRANSFORMATION • Focusing on new platform launches for 2029 model year and beyond • Modernization actions in production processes • Initiating sale/leaseback approach with Milwaukee facility Near-term Headwinds, Outlook, & Strategic Initiatives 10
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Financial Review Progress demonstrated in margin expansion and cash generation 11
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$452.3 $493.0 $537.8 $565.1 $578.4 FY 2022 FY 2023 FY 2024 FY 2025 TTM Q1 FY26 ($ in millions) Steady Growth + New product launches + More content on key platforms with higher demand + Pricing - Lower build rates, production disruptions $139.1 $152.4 Q1 FY25 Q1 FY26 Q1 FY26 net sales up $13.3 million, or 9.6% + $4.3 higher demand on existing platforms + $3.9 million of pricing benefits + $3.0 million favorable sales mix + $2.1 million net new program launches 12 Strong Customer Relationships & Diverse Products NET SALES GROWTH
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Q1 FY26 Gross Margin Expanded 370 Basis Points Y/Y + Pricing actions, higher production volume, and restructuring savings drove improvement + $1.3 million in restructuring savings contributed to efficiency gains and offset cost inflation + Favorable volume leverage and operational discipline continued to support margin expansion, partially offset by: – $1.1 million in higher labor costs in Mexico – $0.5 million FX headwind ($ in millions; narrative compared with prior-year period unless otherwise noted) 13.2% $18.9 $26.3 Q1FY25 Q1FY26 17.3% 13.6% 15.0%12.2% $13.9 $15.9 10.0% 10.4% Q1FY25 Q1FY26 SAE(1) expenses increased $2.0 million to $15.9 million, or 10.4% of sales, compared with 10.0% in the prior-year period • $0.5 million increase in equity compensation costs • $0.9 million investment in talent • $0.4 million in business-transformation costs • Partially offset by $0.8 million lower executive transition costs (1) Selling, administrative and engineering expenses 13 GROSS PROFIT & MARGIN SAE & % OF SALES Expanding Gross Margin and Managing SAE(1)
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($ in millions except earnings per share data; narrative compared with prior-year period unless otherwise noted) (1) Net Income Attributable to Strattec (2) Adjusted Net Income Attributable to Strattec, Adjusted Diluted Earnings per Share, Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP metrics. Refer to the reconciliation of GAAP to non-GAAP metrics in the supplemental tables of this presentation. Net Income(1) up 130% y/y • Reflects margin expansion and cost management ADJ. NET INCOME(2) (QTR) $4.7 $2.6 $6.1 $8.5 $9.2 $1.16 $0.65 $1.50 $2.06 $2.22 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 NET INCOME(1) (QTR) $3.7 $1.3 $5.4 $8.3 $8.5 $0.92 $0.32 $1.32 $2.01 $2.07 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 ADJ. EBITDA(2) & MARGIN (QTR) $9.9 $8.0 $12.9 $13.0 $15.6 7.1% 6.1% 8.9% 8.5% 10.2% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Adj. EPS(2) grew 91% y/y • Reflects continued margin expansion and cost-discipline progress Adj. EBITDA(2) margin expanded 310 basis points y/y • Up $5.7 million over prior-year, driven by pricing, volume and efficiency gains 14 Enhanced Earnings Power
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Cash flow from operations of $11.3 million • Continued strong cash earnings and disciplined working-capital management • Total debt reduced to $5.0 million, reflecting continued reductions on joint venture credit facility Enhanced financial flexibility • New $40 million revolving credit facility signed October 2025 extending maturity to 2028 (SOFR +1.50%) • Provides ample liquidity to fund operations, transformation, and growth initiatives Capital priorities • Support organic growth and new customer programs • Continue investing in automation and process modernization • Maintain balance-sheet strength and preserve flexibility amid variable industry conditions • Initiate M&A consideration framework CAPITALIZATION June 29, 2025 September 28, 2025 Cash and cash equivalents $ 84.6 $ 90.5 Total debt 8.0 5.0 Shareholders’ equity 246.4 255.8 Total capitalization $ 254.4 $ 260.8 Debt / total capitalization 3.1% 1.9% ($ in millions; narrative compared with prior-year period unless otherwise noted) (1) Free cash flow is a non-GAAP metric defined as cash flow from operations less capital expenditures (CapEx) CASH FLOW Q1 FY 2025 Q4 FY 2025 Q1 FY 2026 Cash from operations $ 11.3 $ 30.2 $ 11.3 CapEX 2.1 (3.0) (1.5) Free cash flow (FCF)(1) $9.2 $ 27.3 $ 9.8 15 Strong Cash Generation & Capital Flexibility
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Delivering improving financial results from transformation progress Strengthening commercial initiatives for 2029 & beyond model years Improving operational efficiency through modernization, rightsizing, process improvement Established new leadership team and talent to execute change Strong balance sheet and cash generation to support transformation & weather industry challenges 16 Strattec Investment Rationale 1 2 3 4 4
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Q&A 17
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Supplemental Slides www.strattec.com Nasdaq: STRT 18
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The vehicles listed here include models of various powertrain types— including electric (EV), hybrid, and internal combustion engine (ICE) platforms. Because our products are powertrain agnostic, our technologies can be integrated across these different configurations without significant modification. This enables consistent functionality regardless of propulsion system. Many of the vehicle models listed are offered in EV, hybrid, or ICE variants—and our components are used across all of these powertrain options. Passenger Cars Light Trucks, Vans, and Sport Utility Vehicles * Vehicles produced outside of North America, or both in and outside North America. EV – Electric Vehicle PH – Plug-In Hybrid Acura ZDX Aston Martin Vantage * Ford Focus Aston Martin AMR24 * Cadillac ATS * Ford Mustang Aston Martin DB 12 * Cadillac CT4 Volkswagen Jetta Aston Martin DBS * Cadillac CT5 * Aston Martin DBX * Cadillac Celestiq Aston Martin Valhalla * Chevrolet Corvette Aston Martin Valkyrie * Chevrolet Corvette E-Ray Aston Martin Valour * Dodge Charger Acura MDX Chevrolet Blazer Chrysler Pacifica GMC Savana Jeep Wrangler/Wrangler Unlimited Acura RDX Chevrolet Bolt Dodge Durango GMC Sierra & Sierra HD Kia Carnival * Audi Q5 Chevrolet Cobalt * Dodge Hornet GMC Sierra Pickup Lincoln Aviator Brightdrop EV400 Chevrolet Colorado * Ford Bronco Sport GMC Terrain Lincoln Corsair Brightdrop EV600 Chevrolet Equinox Ford Escape GMC Yukon and Yukon XL Lincoln Navigator Buick Enclave Chevrolet Express Van Ford Expedition Honda Odyssey Ram 1500 Classic Pickup Buick Envista * Chevrolet S-10 * Ford Explorer Honda Passport Ram 1500 Pickup BMW X7 Chevrolet Silverado Ford F-150 Lightning Honda Prologue Ram HD Pickup Cadillac Escalade Chevrolet Silverado & Ford F-Series Pickup Hyundai Staria * Ram REV Pickup Cadillac Escalade IQ Silverado HD Pickup Ford F-Series Super Duty Pickup Jeep Commander * Volkswagen Tiguan Cadillac Lyriq Chevrolet Spin * Ford Maverick Pickup Jeep Compass Volvo Polestar 3 Cadillac Optiq Chevrolet Suburban Ford Mustang Mach-E Jeep Gladiator Volvo EX90 Cadillac Vistiq Chevrolet Tahoe Ford Ranger Pickup * Jeep Grand Cherokee Volvo Heavy Truck Cadillac XT4 Chevrolet Trail Blazer * GMC Acadia Jeep Meridian Cadillac XT5 Chevrolet Traverse GMC Canyon * Jeep Recon Cadillac XT6 Chevrolet Trax * GMC Hummer Jeep Wagoneer 19 Served Customer Vehicles
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STRATTEC Variety of competitors across product categories: Door Handles Keys & Locksets Power Access User Interface Controls Wireless Latches Aisin Inteva OHI Automotive Atech Motorsports Kiekert Shinchang Industry Brose Magna Stabilus Edscha Marquardt Group Tokai Rika Group GECOM Corp Mitsuba U-Shin Ltd. Honda Lock Novares Valeo HUF Group 20
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Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total NET SALES: Net Sales (GAAP) 139,052 129,919 144,082 152,013 565,066$ 152,399 152,399$ Adjustments: - Retroactive FY23 one-time pricing recovery - - - - - - - Adjusted Sales (Non-GAAP) 139,052 129,919 144,082 152,013 565,066 152,399 - - - 152,399 ADJUSTED EBITDA: Net income attributable to Strattec (GAAP) 3,703$ 1,319$ 5,396$ 8,267$ 18,685$ 8,529$ 8,529$ Net income (loss) attributable to non-controlling interest 45 79 315 (205) 234 8 8 Income tax expense 1,498 405 1,644 2,170 5,717 2,356 2,356 Other (income) expense, net (129) 482 16 (1,189) (820) 275 275 Interest income (349) (408) (529) (753) (2,039) (877) (877) Interest expense 295 257 243 212 1,007 156 156 Income from operations 5,063 2,134 7,085 8,502 22,784 10,447 - - - 10,447 Adjustments: Depreciation 3,662 3,544 3,746 3,812 14,764$ 3,785 3,785$ Non-cash stock-based compensation 188 891 760 887 2,726 669 669 Restructuring and similar charges - 265 809 (676) 398 - - Executive transition costs 941 921 214 (17) 2,058 136 136 Business transformation costs 74 215 259 479 1,027 514 514 4,865 5,836 5,788 4,485 20,974 5,104 - - - 5,104 Adjusted EBITDA (Non-GAAP) 9,928$ 7,970$ 12,873$ 12,987$ 43,758$ 15,551$ -$ -$ -$ 15,551$ Adjusted EBITDA as a % of Net Sales 7.1% 6.1% 8.9% 8.5% 7.7% 10.2% 10.2% Fiscal 2026Fiscal 2025 ($ in thousands) 21 Reconciliation of GAAP to Non-GAAP Financial Measures
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($ in thousands, except per share data) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total ADJUSTED NET INCOME AND EARNINGS/(LOSS) PER SHARE: Net income attributable to Strattec (GAAP) 3,703$ 1,319$ 5,396$ 8,267$ 18,685$ 8,529$ 8,529$ Adjustments: Restructuring and similar charges - 265 809 (676) 398 570 570 Executive transition costs 1,224 1,225 214 115 2,778 136 136 Business transformation costs 74 215 259 479 1,027 514 514 Non-controlling interest impact on above adjustments - - (160) 160 - (196) (196) Tax effect on above adjustments (292) (384) (376) 107 (945) (383) (383) 1,006 1,321 746 185 3,258 641 - - - 641 Adjusted Net Income/(Loss) attributable to Strattec (Non-GAAP) 4,709$ 2,640$ 6,142$ 8,452$ 21,943$ 9,170$ -$ -$ -$ 9,170$ Weighted Average Basic Shares Outstanding 4,005 4,035 4,039 4,039 4,030 4,054 4,054 Weighted Average Diluted Shares Outstanding 4,046 4,070 4,085 4,105 4,076 4,127 4,127 Diluted earnings per share (GAAP) 0.92$ 0.32$ 1.32$ 2.01$ 4.58$ 2.07$ 2.07$ Adjusted earnings/(loss) per share (Non-GAAP) 1.16$ 0.65$ 1.50$ 2.06$ 5.38$ 2.22$ 2.22$ Fiscal 2025 Fiscal 2026 22 Reconciliation of GAAP to Non-GAAP Financial Measures
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www.strattec.com Investor Relations Contact: Deborah K. Pawlowski, Alliance Advisors IR 716-843-3908 dpawlowski@allianceadvisors.com iAccess Alpha Best Ideas Winter Investment Conference December 9, 2025 | Nasdaq: STRT