Investor Relations

Latest Financial Results

Feb 8, 2023 • 4:05 PM EST

FY 2022 Year End Results

Fiscal Year Ended Jan 2, 2023

$617.2M

Revenue of $617.2M below guidance of $630-$670M

$0.06

GAAP EPS of $0.06

$0.41

Non-GAAP EPS*of $0.41 above the mid-point of guidance of $0.36-$0.42

$402.7M

Cash balance of $402.7M. Net leverage is defined as net debt divided by last twelve months of EBITDA at 1.5x.

$570M Midpoint

Expect Q1 revenues of $550 to $590M and non-GAAP EPS of $0.16 to $0.22

Latest News

TTM Technologies, Inc. Reports Fiscal Fourth Quarter and 2022 Results

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Latest Presentation

Investor Presentation February 2023

Upcoming Event

Cowen Aerospace/Defense & Industrials Conference

Latest Financial Results

$617.2M

Revenue of $617.2M below guidance of $630-$670M

$0.06

GAAP EPS of $0.06

$0.41

Non-GAAP EPS*of $0.41 above the mid-point of guidance of $0.36-$0.42

$402.7M

Cash balance of $402.7M. Net leverage is defined as net debt divided by last twelve months of EBITDA at 1.5x.

$570M Midpoint

Expect Q1 revenues of $550 to $590M and non-GAAP EPS of $0.16 to $0.22

Latest Annual Filing

For Fiscal Year Ending January 3, 2022

A Leading Designer & Manufacturer of Specialty Electronics

TTM Technologies, Inc. is a leading global manufacturer of technology solutions including engineered systems, RF components and RF microwave/microelectronic assemblies, and quick turn and technologically advanced PCBs. TTM stands for time-to-market, representing how the company’s time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market.

Web graphic illustrating TTM's technology-enabled end markets and customers, nvidia, Cisco, Raytheon, Rockwell Automation, and BOSCH.

TTM at a Glance

A leading global manufacturer of technology solutions including engineered systems, radio frequency ("RF") components and RF microwave/microelectronic assemblies, and printed circuit boards ("PCBs")

27

Specialized facilities in North America & Asia Pacific

17,800

Employees

1,600

Customers

TTM Technologies' Annual Performance

FY 2021 Net Sales by End Market1

Aerospace and Defense: 40%

Automotive: 16%

Data Center Computing: 13%

Medical/Industrial/Instrumentation: 17%

Networking/Communications: 13%

Other: 1%

FY 2021 Net Sales by End Market
Segments and Percentages
Aerospace and Defense: 40%
Automotive: 16%
Data Center Computing: 13%
Medical/Industrial/Instrumentation: 17%
Networking/Communications: 13%
Other: 1%

As of November 2022 • November 2022 Investor Presentation
1 Pro-forma the acquisition of Telephonics that closed 6/27/22.

Revenues

(in millions)

FY 2019: $2,689

FY 2020: $2,105

FY 2021: $2,249

LTM 2022: $2,4762

Revenues
Fiscal Year Amount
FY 2019 $2,689
FY 2020 $2,105
FY 2021 $2,249
LTM 2022 $2,476

As of November 2022 • November 2022 Investor Presentation
2 LTM 2022 is last twelve months Q3’22 including one quarter of Telephonics which closed 6/27/22

Non-GAAP Operating Margin1

FY 2019: 7.6%

FY 2020: 8.6%

FY 2021: 8.4%

LTM 2022: 9.1%2

Non-GAAP Operating Margin
Fiscal Year Amount
FY 2019 7.6%
FY 2020 8.6%
FY 2021 8.4%
LTM 2022 9.1%

As of November 2022 • November 2022 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our August 2022 Investor Presentation.
2 LTM 2022 is last twelve months Q3’22 including one quarter of Telephonics which closed 6/27/22

View Reconciliation

Non-GAAP EPS1

FY 2019: $1.13

FY 2020: $1.10

FY 2021: $1.28

LTM 2022: $1.682

Non-GAAP EPS
Fiscal Year Amount
FY 2019 $1.13
FY 2020 $1.10
FY 2021 $1.28
LTM 2022 $1.68

As of November 2022 • November 2022 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our November 2022 Investor Presentation.
2 LTM 2022 is last twelve months Q3’22 including one quarter of Telephonics which closed 6/27/22
View full reconciliation in our November 2022 Investor Presentation.

View Reconciliation

Cash Flows from Ops

(in millions)

FY 2019: $312

FY 2020: $248

FY 2021: $177

LTM 2022: $2582

Cash Flows from Ops
Fiscal Year Amount
FY 2019 $312
FY 2020 $248
FY 2021 $177
LTM 2022 $258

As of November 2022 • November 2022 Investor Presentation
2 LTM 2022 is last twelve months Q3’22 including one quarter of Telephonics which closed 6/27/22

Cash Flows from Ops (%rev)

FY 2019: 11.6%

FY 2020: 11.8%

FY 2021: 7.9%

LTM 2022: 10.4%2

Cash Flows from Ops (%rev)
Fiscal Year Amount
FY 2019 11.6%
FY 2020 11.8%
FY 2021 7.9%
LTM 2022 10.4%

As of November 2022 • November 2022 Investor Presentation
2 LTM 2022 is last twelve months Q3’22 including one quarter of Telephonics which closed 6/27/22

Leverage (Debt/EBITDA1)

Gross Debt / Net Debt

FY 2019 Gross Debt: 3.9 Net Debt: 2.9

FY 2020 Gross Debt: 3.1 Net Debt: 1.4

FY 2021 Gross Debt: 3.4 Net Debt: 1.4

LTM 2022 Gross Debt: 2.8 Net Debt: 1.82

Leverage (Debt/EBITDA)
Gross Debt Net Debt
FY 2019 3.9% 2.9%
FY 2020 3.1% 1.4%
FY 2021 3.4% 1.4%
LTM 2022 2.8% 1.8%

As of November 2022 • November 2022 Investor Presentation
1 All TTM financials are reported non-GAAP. View full reconciliation in our November 2022 Investor Presentation.

View Reconciliation

Delivering Transformative & Sustainable Technology Solutions

At TTM Technologies, our mission is to deliver superior value, growth, and profit by providing customers with market-leading, differentiated solutions, and an extraordinary customer experience. We focus on doing business with integrity, teamwork, clear communication, and excellent performance by maintaining strong environmental, social, and governance (ESG) practices.

About ESG

Awarded & Recognized for Our Excellence

Previous Slide

IPC ASIA TALENT DEVELOPMENT AWARD FROM IPC ASIA

25-YEARS SPECIAL CONTRIBUTION SUPPLIERS AWARD FROM UNITED AUTOMOTIVE ELECTRONIC SYSTEMS

2020 EXFO WORLD-CLASS SUPPLIER

PETER SARMANIAN CORPORATE RECOGNITION AWARD FROM IPC

2018 “HALL OF FAME SUPPLIER” RECOGNITION FROM JOHN DEERE

2017 “PARTNER LEVEL SUPPLIER” RECOGNITION FROM JOHN DEERE

EXCELLENT SUPPLIER AWARD FROM UNITED AUTOMOTIVE ELECTRONIC SYSTEMS

MAJOR SUPPLIER AWARD & RECOGNITION FROM ARISTA NETWORKS, INC.

2017 OUTSTANDING SUPPLIER AWARD FROM ROCKWELL AUTOMATION

2017 OUTSTANDING SUPPLIER AWARD FROM FORTIVE CORPORATION

2016 “PARTNER LEVEL SUPPLIER” RECOGNITION FROM JOHN DEERE

2016 TOTAL COST OF OWNERSHIP (TCOOTM) SUPPLIER AWARD FROM CELESTICA

EXCELLENT CORE PARTNER FROM FIBERHOME TELECOMMUNICATION TECHNOLOGIES CO., LTD.

VE (VALUE ENGINEERING) AWARD FROM ALPINE ELECTRONICS (CHINA) CO., LTD

OUTSTANDING SERVICE, PARTNERSHIP AND EXCELLENCE IN ENGINEERING COLLABORATION AWARD FROM RAYTHEON INTEGRATED DEFENSE SYSTEMS

2015 “PARTNER LEVEL SUPPLIER” RECOGNITION FROM JOHN DEERE

2015 TOTAL COST OF OWNERSHIP (TCOOTM) SUPPLIER AWARD PROGRAM FROM CELESTICA

SUPPLIER OF THE YEAR AWARD FROM NATIONAL INSTRUMENTS

PREFERRED SUPPLIER FROM LUTRON ELECTRONICS

Next Slide

A Seamless, One-stop Manufacturing Process

At TTM Technologies, we provide valuable time-to-market and volume production of advanced technology products to customers globally across a broad range of markets. Our one-stop design, engineering, and manufacturing solution allows us to seamlessly align technology development with the needs of our customers, enabling them to fast-track new products and bring them to market sooner.

Serving Diverse Markets Worldwide

We provide advanced technology solutions and RF and PCB manufacturing capabilities for customers across a diverse array of industries and markets.

Delivering Leading Industry-tailored Electronics

Our differentiated solutions are designed using advanced technologies and specialized components to deliver ultra-high performance for our customers.

IR Contacts

Corporate Office

TTM Technologies, Inc.
200 East Sandpointe
Suite 400
Santa Ana, CA 92707
United States
T: 714-327-3000
investor@ttmtech.com

Investor Relations

Sameer Desai
Vice President, Corporate Development and Investor Relations
200 East Sandpointe Ave.
Suite 400
Santa Ana, CA 92707
United States
T: 714-327-3050
investor@ttmtech.com

Transfer Agent

American Stock Transfer & Trust Company
6201 15th Avenue
Brooklyn, NY 11219
United States
T: 800-937-5449