Slides
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Nasdaq: STRT Jennifer Slater President and CEO Matthew Pauli Senior Vice President and CFO August 27, 2026 Midwest IDEAS Conference
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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 the same from foreign countries, matters adversely impacting the timing and availability of component parts and raw materials needed for the production of the Company’s products and the products of its customers and fluctuations in costs of operation. 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. 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 similarly titled non-GAAP financial measures used by other companies. Strattec’s management uses these measures to make strategic decisions, establish budget plans and forecasts, identify trends affecting Strattec’s business, and evaluate performance. Management believes that providing these non-GAAP financial measures to investors, as a supplement to GAAP financial measures, will help investors evaluate Strattec’s core operating and financial performance and business trends consistent with how management evaluates such performance and trends. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. The Company has provided reconciliations of comparable GAAP to non-GAAP measures in the supplemental slides of this presentation. Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE Safe Harbor Statement
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3 Market data as of market close August 21, 2026 Shares Outstanding as of July 31, 2026 Ownership as of most recent filings. SOURCES: FactSet and Company filings Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE Leader in Powered Vehicle Access, Security and Authorization Solutions Nasdaq: STRT Founded: 1908 Public: 1995 Market Capitalization: $342M Recent Closing Price: $81.79 52-week High/Low: $92.50 / $57.01 Delivering Innovative, Comprehensive, Highly Engineered Solutions Avg. Trading Vol (3 mos): 82,000 Shares Outstanding: 4.0M Institutional Ownership: 89% Insider Ownership: 3.4% 1 JV product 1
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4 27% 21% 16% 15% 12% 9% GM Ford Stellantis Tier 1 Com'l & Other Hyundai/Kia FY 2026 Revenue: $579.4M 25% 24%21% 12% 9% 7% 2% Door Handles Power Access Keys & Locksets Latches User Interface Controls Aftermarket Other Highly Engineered Products for Leading OEMs Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE Sales By Customer Sales By Product MILWAUKEE, WI • Strattec HQ • Sales • Engineering • Manufacturing • Die casting • Plating • Stamping EL PASO, TX • Distribution AUBURN HILLS, MI • Sales • Engineering • Program Management • Prototype Development • Testing JUAREZ, MEXICO • Engineering • Testing • Assembly • PCB manufacturing LEON, MEXICO • Injection Molding • Assembly • Painting
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5 Permission Lock and Key Motion Power Access Hold Latches We engineer the access experience: Portfolio Realignment PRODUCTS PROVIDED THROUGH JOINT VENTURE WE ENGINEER THE ACCESS EXPERIENCE
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6 Capabilities Design & Engineering Quality Control & Inspection Injection Molding Zinc Die Casting Plating & Stamping Assembly WE ENGINEER THE ACCESS EXPERIENCE Painting PCB Manufacturing
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7 Nasdaq: STRT Transforming Strattec WE ENGINEER THE ACCESS EXPERIENCE Strategic Enablers • Innovative products and differentiated solutions • Strong, longstanding relationships with customers • Realigned cost structure • Robust balance sheet to support growth initiatives • Refreshed leadership team and reinvigorated employee culture • Greater scale with M&A • Efficient organization and higher margins • Healthy long-term pipeline • More stable and predictable revenue • Greater customer diversification New Strattec: Our vision for the future • Lack of scale • Cost structure opportunities • Limited product launches: model years 2027 thru 2029 • Highly cyclical and competitive industry • Significant customer concentration Legacy Strattec: Where we were
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8 WE ENGINEER THE ACCESS EXPERIENCE Transforming Strattec: Accelerating Our Engagement with Customers Early customer engagement Product specification development w/ OEM RFQ Award Launch 5+ years to launch 3-5 years to launch 2-3 years to launch ~2 years to launch Start of production • Understand customer needs • Adapt product to future requirements • Adv. / Co-development • Be lead design partner • Set specifications for upcoming platforms • Develop advantage in RFQ • Understand market dynamics (competition / price / etc.) • Demonstrate solution development • Product costing • Market pricing to form quote • Regional sourcing • OEMs balance price with quality and resiliency • Will deviate from specs if price is attractive enough • Strategic Supply Chain Selection • Set up mfg. / tooling • Product validation by OEM • Supplier validation Necessary for winning new customers Required to develop sustainable product advantage New focus for Strattec Legacy focus for Strattec
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9 Transforming Strattec: Building a Better Business WE ENGINEER THE ACCESS EXPERIENCE Nasdaq: STRT Strengthening the Team Driving to Operational Excellence Leveraging Value Proposition Modernizing Operations Completed • Injected new talent across the organization • Established Business Operating System • Reduced headcount by 21% over 2 years, realizing $9.5M in annualized savings • Rebranded the Company • Captured $15.6M in structural and opportunistic pricing • Implemented financial consolidation, pipeline mgmt., benefits admin., & expense reporting software • Reduced Milw. Footprint by 90,000 sq.ft. including move of test lab to Auburn Hills In Process • Increasing talent in 2nd and 3rd tiers of organization • Breaking down organizational silos • Shifting culture to increase innovation, drive collaboration and enhance customer focus • Executing on opportunities for automation, flex lines and equipment upgrades • Working to create stability and predictability in the business • Actively pursuing new revenue opportunities for model years 2029 and beyond • Building relationships with an extended automotive customer base • Moving HQ to enable greater collaboration • Enhancing IT capabilities and action IT systems advances $
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10 Nasdaq: STRT Financial Review WE ENGINEER THE ACCESS EXPERIENCE Progress demonstrated in margin expansion and cash generation
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11 Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE Delivering Consistency Expect sales to track U.S. SAAR + Current concentration in favored pickup trucks + Pricing − Lower build rates, production disruptions − Largest customers market share shrinking − Working on winning new platforms (MY 29 and beyond) $452.3 $492.9 $537.8 $565.1 $579.4 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 $152.0 $151.8 Q4 FY25 Q4 FY26 NET SALES GROWTH ($ in millions) Q4 FY26 net sales flat with prior year period + $1.4 million of pricing benefits + Detroit 3 OEMs +1.9% auto production − $3.2 million in EV program cancellations
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12 Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE Expanding Gross Margin and Managing SAE(1) GROSS PROFIT & MARGIN (YTD) ($ in millions; narrative compared with prior-year period unless otherwise noted) SAE & % OF SALES (YTD) $61.8 $68.8 10.9% 11.9% FY 2025 FY 2026 FY 2026 Gross Margin Expanded 150 Basis Points Y/Y + $9.5 million in pricing, including tariff recoveries, and higher production volume + $5.4 million in restructuring savings, partially offset by $1.8 million in higher labor costs in Mexico – $6.5 million FX headwind FY 2026 SAE(1) expenses increased $7.0 million to 11.9% of sales • $3.3 million increase in salaries and benefits • $2.8 million incremental spend from business transformation, restructuring and executive transition costs y/y • Partially offset by $0.5 million restructuring savings and $0.7 million recovery of costs related to cancelled EV programs (1) Selling, administrative and engineering expenses $84.6 $95.4 15.0% 16.5% FY 2025 FY 2026
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13 ADJ. NET INCOME(2) (FY) ADJ. EBITDA(2) (FY) NET INCOME(1) (FY) Enhanced Earnings Power Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE 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 growth of 10% validates impact of transformation actions against macro headwinds ▪ Negative FX impact of $4.8 million Adj. diluted EPS result of pricing, volume, reduction in manufacturing costs Adj. EBITDA increased 15% ▪ Adjusted EBITDA margin expanded 100 bps ($ in millions except earnings per share data; narrative compared with prior-year period unless otherwise noted) $18.7 $20.6 $4.58 $5.00 FY 2025 FY 226 $43.8 $50.5 7.7% 8.7% FY 2025 FY 2026 $21.9 $28.4 $5.38 $6.88 FY 2025 FY 2026
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14 Strong Cash Generation & Capital Flexibility ($ in millions) (1) Free cash flow is a non-GAAP metric defined as cash flow from operations less capital expenditures (CapEx) Q4 FY26 FINANCIAL RESULTS Nasdaq: STRT Cash Generation: • Lower cash from operations reflects one-time benefit in fiscal 2025 to reset working capital levels • 28% higher cash balance y/y from strong cash earnings and working capital management Capital Priorities: cash position supports strategy 1. Fund customer programs, automation and modernization 2. Maintain resilience through automotive cycles 3. Return capital through opportunistic share repurchases 4. Pursue disciplined M&A strategy to scale and diversify June 28, 2026 June 29, 2025 Cash and cash equivalents $ 108.2 $ 84.6 Total debt 0.0 8.0 CASH AND DEBT Q4 FY 2026 Q4 FY 2025 FY 2026 FY 2025 Cash from operations $ 9.7 $ 30.2 $ 46.3 $ 71.7 Capital Expenditures (1.4) (3.0) (7.3) (7.2) Free cash flow (FCF)(1) $ 8.3 $ 27.2 $ 39.0 $ 64.5 CASH FLOW August 26, 2026
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15 Disciplined & Balanced Capital Allocation Priorities WE ENGINEER THE ACCESS EXPERIENCE Invest In Growth •Organic initiatives •Innovation •New customer programs 1 Invest In Growth •Organic initiatives •Innovation •New customer programs Fund Transformation •Automation •Modernization •Structural cost adjustments 2 Fund Transformation •Automation •Modernization •Structural cost adjustments M&A •Scale to improve competitive position •Customer diversification to derisk •Product extensions to broaden addressable market 3 M&A •Scale to improve competitive position •Customer diversification to derisk •Product extensions to broaden addressable market 4 Return Capital to Shareholders •Repurchased 110,269 shares for $7.4 million at average price of $67.10 •All of new $40 million buyback program available Foundation: Preserve Financial Flexibility with ~$50 million in Capital Addresses highly cyclical industry and programmatic risks
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16 Strattec Investment Rationale Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE 1 2 3 4 5 Track record of growth and margin expansion demonstrate progress with transformation and building resiliency Robust balance sheet and strong cash generation support growth strategy & ability to weather industry challenges Rebranded as solutions provider to aid in advancing commercial initiatives for future model years Business modernization, rightsizing and process improvement initiatives unlocking value Injected new talent to drive transformational change
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17 Nasdaq: STRT Q & A WE ENGINEER THE ACCESS EXPERIENCE
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The Access Engine
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19 Nasdaq: STRT Supplemental Slides WE ENGINEER THE ACCESS EXPERIENCE
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20 Served Customer Vehicles* WE ENGINEER THE ACCESS EXPERIENCE Nasdaq: STRT 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. Acura MDX Cadillac XT4 Ford Bronco Sport Jeep Compass Acura RDX Cadillac XT5 Ford Expedition Jeep Gladiator Acura ZDX Cadillac XT6 Ford Explorer Jeep Grand Cherokee Aston Martin DB 11/12 Chevrolet Blazer Ford F-Series & Super Duty Pickup Jeep Meridian Aston Martin DBX Chevrolet Blazer EV Ford Maverick Pickup Jeep Recon Aston Martin Valhalla Chevrolet Cobalt Ford Mustang Jeep Wagoneer Aston Martin Vanquish Chevrolet Colorado Ford Mustang Mach-E Jeep Wrangler & Wrangler Unlimited Aston Martin Vantage Chevrolet Corvette Ford Ranger Pickup Kia Carnival Audi Q5 Chevrolet Equinox Freightliner (38N) Cascadia Lincoln Aviator BMW i/X-Series Chevrolet Equinox EV Freightliner (M2) Lincoln Corsair BMW X7 Chevrolet Express Van GMC Acadia Lincoln Navigator Buick Enclave Chevrolet Silverado EV GMC Canyon MACK Truck Buick Envision Chevrolet Silverado LD & Silverado HD GMC Hummer EV Ram 1500 Pickup Buick Envista Chevrolet Spin GMC Savana Ram HD Pickup Cadillac Celestiq Chevrolet Suburban GMC Sierra EV Ram REV Pickup Cadillac CT4 Chevrolet Tahoe GMC Sierra LD & Sierra HD Volkswagen Jetta Cadillac CT5 Chevrolet Traverse GMC Terrain Volvo EX90 Cadillac Escalade Chevrolet Trax GMC Yukon & Yukon XL Volvo Heavy Truck Cadillac Escalade ESV Chrysler Pacifica Honda Odyssey Volvo Polestar 3 Cadillac Escalade IQ Chrysler Voyager Honda Passport Cadillac Escalade IQL Dodge Charger Honda Prologue Cadillac Lyriq Dodge Durango Hyundai Staria Cadillac Optiq Dodge Hornet Jeep Cherokee Cadillac Vistiq Ford Amarok Pickup Jeep Commander*Source: STRT FY 2026 Form 10K
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21 Nasdaq: STRT WE ENGINEER THE ACCESS EXPERIENCE Variety of competitors across product categories: Door Handles Keys & Locksets Power Access Wireless Latches Aisin JNS Auto Parts OHI Automotive Alpha-Tech Magna Shin Chang Industry Brose Marquardt Group Stabilus Edscha Mitsuba Tokai Rika Group HUF Group Minebea Mitsumi U-Shin Ltd. Inteva Novares Valeo Witte Automotive
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22 Nasdaq: STRT Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands) August 26, 2026Q4 FY2026 FINANCIAL RESULTS 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$ 137,534$ 137,632$ 151,827$ 579,392$ ADJUSTED EBITDA: Net income attributable to Strattec (GAAP) 3,703$ 1,319$ 5,396$ 8,267$ 18,685$ 8,529$ 4,947$ 3,240$ 3,882$ 20,598$ Net income (loss) attributable to non-controlling interest 45 79 315 (205) 234 8 696 585 (264) 1,025 Income tax expense 1,498 405 1,644 2,170 5,717 2,356 1,699 1,282 6,002 11,339 Other (income) expense, net (129) 482 16 (1,189) (820) 275 (1,691) 748 (2,630) (3,298) Interest income (349) (408) (529) (753) (2,039) (877) (885) (879) (859) (3,500) Interest expense 295 257 243 212 1,007 156 96 70 37 359 Income from operations 5,063 2,134 7,085 8,502 22,784 10,447 4,862 5,046 6,168 26,523 Adjustments: Depreciation 3,662 3,544 3,746 3,812 14,764$ 3,785 3,893 3,772 3,635 15,085$ Non-cash stock-based compensation 188 891 760 887 2,726 669 1,125 811 700 3,305 Restructuring and similar charges - 265 809 (676) 398 - 1,305 424 (30) 1,699 Cancelled program settlements - - - - - - - (1,323) - (1,323) Executive transition costs 941 921 214 (17) 2,058 136 88 423 240 887 Business transformation costs 74 215 259 479 1,027 514 994 960 1,824 4,292 4,865 5,836 5,788 4,485 20,974 5,104 7,405 5,067 6,369 23,945 Adjusted EBITDA (Non-GAAP) 9,928$ 7,970$ 12,873$ 12,987$ 43,758$ 15,551$ 12,267$ 10,113$ 12,537$ 50,468$ Adjusted EBITDA as a % of Net Sales 7.1% 6.1% 8.9% 8.5% 7.7% 10.2% 8.9% 7.3% 8.3% 8.7% Fiscal 2026Fiscal 2025
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23 Nasdaq: STRT Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands, except per share data) August 26, 2026Q4 FY2026 FINANCIAL RESULTS Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total ADJUSTED NET INCOME AND EARNINGS PER SHARE: Net income attributable to Strattec (GAAP) 3,703$ 1,319$ 5,396$ 8,267$ 18,685$ 8,529$ 4,947$ 3,240$ 3,882$ 20,598$ Adjustments: Restructuring and similar charges - 265 809 (676) 398 570 1,165 572 49 2,356 Cancelled program settlements - - - - - - - (1,323) - (1,323) Executive transition costs 1,224 1,225 214 115 2,778 136 88 423 240 887 Business transformation costs 74 215 259 479 1,027 514 994 960 1,824 4,292 Non-controlling interest impact - - (160) 160 - (196) 190 (9) 28 13 Tax effect on above adjustments and other discrete tax items (292) (384) (376) 107 (945) (383) (335) (139) 2,388 1,531 1,006 1,321 746 185 3,258 641 2,102 484 4,529 7,756 Adjusted Net Income attributable to Strattec (Non-GAAP) 4,709$ 2,640$ 6,142$ 8,452$ 21,943$ 9,170$ 7,049$ 3,724$ 8,411$ 28,354$ Weighted Average Basic Shares Outstanding 4,005 4,035 4,039 4,039 4,030 4,054 4,080 4,085 4,035 4,064 Weighted Average Diluted Shares Outstanding 4,046 4,070 4,085 4,105 4,076 4,127 4,131 4,141 4,091 4,122 Diluted earnings per share (GAAP) 0.92$ 0.32$ 1.32$ 2.01$ 4.58$ 2.07$ 1.20$ 0.78$ 0.95$ 5.00$ Adjusted dilutive earnings per share (Non-GAAP) 1.16$ 0.65$ 1.50$ 2.06$ 5.38$ 2.22$ 1.71$ 0.90$ 2.06$ 6.88$ Fiscal 2026Fiscal 2025
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Strattec: The Access Engine Investor Relations Contact: Deborah K. Pawlowski, Alliance Advisors IR 716-843-3908 dpawlowski@allianceadvisors.com