Strattec Security : Gabelli Funds to Host 47th Annual Automotive Symposium

Disclosure for Presentation on October 31, 2023

This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may include expected future financial results, product offerings, global expansion, liquidity needs, financing ability, planned capital expenditures, management's or the Company's expectations and beliefs, and similar matters. The Company's business, operations and financial performance are subject to certain risks and uncertainties, which could result in material differences in actual results from the Company's current expectations. These risks and uncertainties include, but are not limited to, general economic conditions, in particular, relating to the automotive industry, customer demand for the Company's and its customer's products, competitive and technological developments, customer purchasing actions, foreign currency fluctuations and costs of operations. Such risks and uncertainties are discussed further in the Company's filings with the Securities and Exchange Commission.

This presentation includes selected information regarding the Company's business, operations

and financial performance and is qualified in its entirety by the more complete information

contained in the Company's filings with the Securities and Exchange Commission and other public disclosures.

All information in this presentation is as of October 31, 2023 and any distribution of this presentation after that date is not intended and will not be construed as updating or confirming such information. The company undertakes no obligation to update any information in this presentation to reflect subsequent events or circumstances.

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Frank J. Krejci

(CRAY' CHEE)

President & CEO

and

Dennis Bowe

(virtual)

CFO

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About STRATTEC

• Sales: $500 million
• Employees: 3,300
• Owned Facilities: Wisconsin, Michigan, 4 in Mexico (total of 892k sq. ft.)
• Leased Facility: Texas (115k sq. ft.)
• Consolidated Book Value of attributable to STRATTEC is $189m/$16m cash
• All consolidated debt of $13m held by Joint Venture
• 2023 share price range $16.06 to $31.04 (market cap of $65m to $126m)
• Book Value: $47 / share

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Key Performance Topics

• RECENT TRANSACTIONS
• • Sold VAST equity (China, India and Brazil)
  • Acquired 20% STRATTEC Power Access
  • Significant cash infusion to eliminate STRATTEC debt
  • Greater focus on Strattec priorities
• MEXICAN COSTS
• • Peso exchange rate deteriorated from 20.25 to 17.11 in FY23
  • January 2023 government mandated 20% minimum wage increase
• PRICE INCREASES
• • Concluded $8 million in retro pricing plus forward pricing

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Key Performance Topics

• UAW STRIKE
• • Less than 10% reduced shipments to date
• STRATEGIC VISION
• • Fresh thinking from 2 new Directors added to the Board of Directors
  • Cash generation
  • Improved return to shareholders

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STRATTEC Products

• NOTABLE INNOVATION AWARDS - last 5 years
• • 2 PACE AWARDS from Automotive News - approximately a dozen awarded annually
  • General Motors Innovation Award - 1 of 4 awarded from 3,000 suppliers
• CORE PRODUCTS:
• • Security Products - OEM & Aftermarket
  • • Fobs, Keys/Locks, Start Systems, Steering Column Lock Systems
  • Power Access Products
  • • Power Tailgate, Lower Sliding Doors, Power Liftgate
    • Latches
  • Door Handles
• NEW PRODUCTS:
• • Switches
  • Phone as a Key (PAAK)
  • Electronic Assemblies

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