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, industrial, and IoT markets.

• Maintains a global footprint with 23 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 as key growth areas.

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

• Engages customers from concept to production, enhancing market share through early and deep technical collaboration.

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 segment focuses on electric and autonomous vehicles, though growth is projected below market average.

• Commercial sector trends include the rise of the Internet of Everything, factory automation, and explosive data growth fueling demand for advanced electronics.

• Medical, industrial, and instrumentation markets are supported by patient monitoring, automated test equipment, and robotics.

Operational highlights and investments

• Opened a new 800,000 sq. ft. automated factory in Penang, Malaysia, targeting $200 million annual revenue and recognized as the most sustainable facility in the company.

• Building an ultra-HDI PCB manufacturing facility in Syracuse, NY, with a $100M+ investment, aiming for $100 million in phase 1 revenues and addressing U.S. defense demand.

• Advanced technologies and engineered products now comprise 48% of total revenues.

• Program portfolio includes over 200 programs with major OEMs and government customers, supporting key defense and commercial space initiatives.

• Global operations span North America and Asia, with significant commercial and RF facilities.