1 Investment Highlights Worthington Steel Investor Presentation | December 2025 Safe Harbor Statement Selected statements contained in this release constitute "forward-looking statements," as that term is used in the Private Securities Litigation Reform Act of 1995 (the "Act"). The Company wishes to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the Company's current expectations, estimates or projections concerning future results or events. These statem ...

Methode Electronics Earnings Presentation Second Quarter Fiscal 2026 December 4, 2025 Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect, when made, our current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to our operations and business environment, which may cause our actual resu ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of WUS Printed Circuit (Kunshan) Co., Ltd. 滬士電子股份有限公司 (the "Company") (A joint stock company incorporated in the Peopl ...

Market Performance - China's light vehicle (LV) market showed resilience in September 2025, with total sales reaching approximately 2.5 million units, reflecting an 11% year-over-year (YoY) increase [1] - The passenger vehicle (PV) segment contributed significantly, growing by 10% YoY to 2.3 million units [1] - Light commercial vehicle (LCV) sales surged by 23% YoY, amounting to 216,000 units [2] Year-to-Date Trends - On a year-to-date (YTD) basis, the LV market maintained a 12% expansion in volumes from January to September compared to the same period in 2024 [2] - The overall Light Truck market posted a 2.5% YoY increase, driven by the rapid electrification of the Commercial Vehicle sector [2] Production Insights - China's LV production reached 3.2 million units in September, marking a solid YoY increase of 15.1% [3] - Passenger vehicles accounted for 90% of total output, rising by 14.7% YoY to 2.9 million units [3] - Domestic Chinese OEMs produced 2.3 million units, reflecting a notable 17.7% YoY uptick [3] Export Performance - In September, China's LV exports reached 611,000 units, representing a strong YoY increase of 18.2% and a month-over-month (MoM) rise of 7.1% [4] - Passenger vehicle exports led the expansion, with overseas shipments up by 19.5% YoY to 552,000 units [4] - From January through September, total shipments amounted to 4.6 million units, up by 12.6% compared to the same period in the previous year [4] Policy Changes - Trade-in subsidies in China are being tightened, with a lottery system implemented in key regions like Shanghai, effectively making it a de facto national policy for Q4 2025 [5] - As of October 22, 2025, applications for subsidies under the national car trade-in program exceeded 10 million, prompting policy adjustments to control fiscal expenditure [5]

Core Insights - Mouser Electronics is stocking over 22,000 authorized products from onsemi, with more than 17,000 items in stock and ready to ship, facilitating engineers in bringing their products to market [1][2] Product Offerings - The onsemi power portfolio includes single N-channel power MOSFETs with drain-to-source voltages of 40V, 60V, and 80V, featuring low RDS(ON), low QG, and capacitance to minimize losses [3] - onsemi's NCP718 LDO voltage regulators are characterized by ultra-low quiescent current consumption and a wide input voltage range up to 24V, incorporating protection features like thermal shutdown and current limiting [3] - The NSR0170 Schottky barrier diodes are designed for high-efficiency switching and rectification, available in compact packages suitable for space-constrained designs [4] - onsemi's MJD31C bipolar transistors are suitable for various applications including power management and motor drive circuits, with AECQ101 variants for automotive applications [4] - The Hyperlux ID AF013x 1.2MP indirect time of flight sensors provide high precision and long-distance measurements, ideal for factory automation and robotics [5] - AcurosCQD shortwave infrared cameras offer high-resolution imaging across multiple spectra and are ITAR-free, making them suitable for global supply chains [6] Company Overview - Mouser Electronics is a global authorized distributor focused on New Product Introductions, serving the electronic design engineer and buyer community with over 6.8 million products from more than 1,200 manufacturers [10] - onsemi is recognized as a Fortune 500 company, focusing on automotive and industrial markets, and is involved in megatrends such as vehicle electrification and sustainable energy grids [11]

Core Insights - The Singapore Automotive Transmission Market is projected to grow from USD 0.82 billion in 2024 to USD 1.34 billion by 2032, reflecting a CAGR of 6.3% from 2025 to 2032 [1][29]. Market Growth and Drivers - The growth is driven by the increasing adoption of advanced vehicle technologies and a focus on sustainable mobility solutions [2][29]. - The demand for efficient and high-performance transmission systems is rising due to global trends in vehicle innovation and environmental consciousness [2][29]. Technological Innovations - Artificial intelligence is transforming the automotive transmission industry by optimizing design, manufacturing, and operational efficiency [3][4]. - AI enhances fuel economy and vehicle performance through intelligent optimization and predictive maintenance [4][5]. - The development of next-generation intelligent transmissions is crucial for hybrid and electric vehicles, allowing real-time adaptation to driving conditions [5][21]. Market Segmentation - The market is segmented by transmission type, engine type, and vehicle type, with a notable focus on automatic and continuously variable transmissions (CVTs) [13][30]. - The Electric Engine segment is expected to grow significantly, driven by Singapore's push towards vehicle electrification [30][31]. Current Trends - There is a strong emphasis on lightweight and compact transmission designs, predictive maintenance technologies, and the integration of advanced driver-assistance systems (ADAS) [10][21]. - Government policies promoting green vehicle adoption and smart city initiatives are influencing market dynamics [9][25]. Regional Dynamics - The Central Business District (CBD) and urban areas show high demand for automatic and CVT transmissions due to dense traffic conditions [28][33]. - Industrial hubs like Jurong and Tuas contribute to the demand for robust transmissions in commercial vehicles [28][33]. Future Outlook - The market is expected to witness substantial growth driven by the integration of electric vehicle technologies and advanced driver-assistance systems [23][24]. - Future transmissions will focus on durability, minimal maintenance, and seamless integration with electric powertrains [24][25].

Core Insights - The energy sector, while accounting for only 7% of America's GDP, is fundamental to the entire economy and lifestyle, as it supports all other sectors [1][3] - Future growth in various industries, including manufacturing, AI, and vehicle electrification, is contingent upon increased energy supply [1] Energy's Economic Role - Energy is essential for the functioning of finance, commerce, communications, healthcare, and transportation, indicating that the remaining 93% of GDP relies on energy [3] - The uninterrupted flow of affordable and reliable power is critical for modern society [3] Infrastructure Challenges - Mark Christie will address the $2 trillion infrastructure challenges at the intersection of power and digital growth during the upcoming Data Center POWER eXchange event [2] - AI-driven power demand is straining existing infrastructure, highlighting the need for improved reliability and market design for utilities and regulators [2] Supply Chain Vulnerabilities - The U.S. electric grid's reliance on overseas manufacturing for critical components poses significant risks, particularly with China being the primary supplier of essential transformers [4] - The American Society of Civil Engineers has rated U.S. energy infrastructure as a D+, emphasizing the urgency of reshoring grid components to enhance resilience [4]

Core Insights - Gabelli Funds will host its 49th Annual Automotive Symposium on November 3 and 4, 2025, in Las Vegas, Nevada, focusing on the automotive industry's evolving dynamics [1][2] Industry Overview - The symposium will feature presentations from senior management of leading automotive and trucking companies, addressing topics such as tariffs, vehicle affordability, car complexity, the shift to autonomous vehicles, and aftermarket resilience [2][3] - Attendees will gain insights into the automotive ecosystem from original equipment suppliers, automotive retailers, aftermarket service participants, and next-gen tech companies involved in vehicle electrification [3] Presenting Companies - A diverse lineup of companies will present, including Advance Auto Parts, AutoZone, Dana Incorporated, Genuine Parts Company, and O'Reilly Automotive Group, among others [5]

Financial Performance - Worthington Steel's net sales for the trailing twelve months (TTM) were $3.132 billion[70, 104] - The adjusted EBITDA for the TTM period was $235 million, with a margin of 7.5%[11, 71, 104] - Free cash flow for the TTM period was $32.4 million[11, 104] - Capital expenditures for the TTM period were $138.3 million, representing 4.4% of sales[11] Market Position and Strategy - The company delivered 3.7 million tons of steel in the TTM period, with 2.2 million tons direct and 1.5 million tons toll[11] - Automotive accounts for 53% of net sales, followed by Construction at 11%[13, 34] - The company is targeting a 10%+ adjusted EBITDA margin through various strategies[76, 77] - The company has a strong balance sheet with net leverage at 0.66x and total liquidity of $355 million[88] Growth Initiatives - The company is investing $85 million in Mexico to increase motor lamination capacity for xEV demand, targeting production start in early CY 2026[55, 59] - The company is investing $85 million in Canada to increase transformer core making capacity, targeting production start in early CY 2026[56, 59] - The company acquired a 52% ownership in Sitem Group to strengthen its electrical steel business globally[62, 66]

Core Insights - The Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) is reopening, providing significant funding opportunities for California fleets to acquire electric trucks [1][2] - Incentives range from $85,000 to $160,000 per Class 6 vehicle, depending on fleet size, with a maximum of 20 vouchers available per fleet [1][7] - The program operates on a first-come, first-served basis, emphasizing the urgency for fleets to apply early to secure funding [4][6] Program Highlights - HVIP is a crucial tool for California fleets to reduce the upfront costs associated with electrification, making the transition to electric vehicles financially attractive [4] - The program's funding is limited, and vouchers will be assigned based on the order of submission, highlighting the need for timely applications [4][6] Key Program Requirements - Fleets must ensure their vouchers remain active and aligned with delivery schedules, which includes regular check-ins and monitoring of vehicle usage [5][8] - Xos provides support to simplify the HVIP process, allowing fleets to focus on operations rather than administrative tasks [5][8] - Vouchers can be renewed up to 540 days, providing flexibility for fleets to coordinate charging infrastructure and vehicle deployments [8]