TTM Technologies (TTMI) Investor presentation summary

Business overview and strategy

• Operates as a leading technology solutions provider in mission systems, PCBs, and specialty components, serving advanced defense, cloud, automotive, and industrial markets.

• Maintains a global footprint with 22 facilities and 16,400 employees, generating $2.4 billion in FY24 revenue.

• Focuses on diversification, differentiation, and disciplined operational execution, targeting aerospace, defense, data center computing, and networking.

• Ongoing transformation includes divesting cyclical consumer businesses and investing in engineered solutions and new regions.

• Strategic investments in technology and regional expansion, including new facilities in Penang, Malaysia, Syracuse, NY, and Eau Claire, WI.

Market trends and growth drivers

• Aerospace & defense is the largest segment, accounting for 46% of FY24 net sales, with growth driven by increased use of AESA radar and military equipment builds.

• Data center computing and networking benefit from semiconductor development and data center expansion, with above-market growth expectations.

• Automotive and medical/industrial markets are supported by trends in electric/autonomous vehicles, safety systems, and patient monitoring.

• Commercial sector megatrends include the Internet of Everything, AI, and increased electronic content across industries.

• End market revenue mix is diversified, reducing cyclicality and improving visibility.

Technology and customer engagement

• Offers a broad technology suite, including advanced PCBs, RF components, microelectronics, and radar subsystems.

• Engages customers from concept to production, supporting long-term partnerships and market share growth.

• Early engagement and design collaboration enable differentiated advanced technology solutions for high-growth applications.

• Focus on engineered products and alignment with key defense programs, supporting over 200 programs for major OEMs and government customers.

• New facilities are designed for advanced manufacturing, automation, and sustainability, targeting high-growth markets.