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 24 facilities and 15,775 employees, generating $2.2 billion in FY23 revenue.

• Focuses on differentiation through engineered solutions, technology investments, and reducing exposure to cyclical consumer businesses.

• Strategic priorities include diversification, engineering depth, early customer engagement, and disciplined operational execution.

• Ongoing transformation aims for greater stability, less cyclicality, and improved visibility.

Market positioning and growth drivers

• Aerospace & Defense represents 45% of FY23 net sales, with growth driven by increased use of AESA radar and military equipment builds.

• Data center computing and semiconductor development are key growth areas, with above-market outlooks.

• Automotive and networking sectors are also targeted, though expected to grow below market rates.

• Supports over 200 defense programs, partnering with major OEMs and government agencies.

• Commercial sector trends include the rise of IoE, EVs, factory automation, and AI-driven data center expansion.

Technology and operations

• 45% of Q2 2024 revenues come from designed and engineered products plus advanced technologies.

• Engages customers from concept to production, enhancing market share through early involvement.

• Global operations span North America and Asia, with a new automated factory in Penang, Malaysia, and a planned Ultra-HDI PCB facility in Syracuse, NY.

• Penang facility offers 800,000 sq. ft., advanced automation, and sustainability features, with 25% expansion capacity.

• Syracuse facility targets U.S. defense demand, with $100M+ investment and production expected in 18-24 months.