P.C.B. Technologies Ltd. — Investor Presentation 2025

Mar 5, 2025

PCB All-in-One Solutions

2024 Annual Report Company Presentation

March 2025

Forward looking statement

Disclaimer

The information contained herein is a summary only, and does not exhaust all the information about the Company or its operations, nor does it replace a review of the Company's Periodical or Annual Reports, or any other information which is filed and furnished with the Israel Securities Authority.

Material information regarding the Company which is included in this slide presentation has been published to the public in the past as part of the Company's reporting. That said, the information or data presented may be presented in a different manner and/or segmentation from those previously furnished in the Company's Reports.

This presentation does not constitute or form part of any invitation or offer to invest or purchase the Company's securities, and in particular does not constitute an "offer to the public" or "sale to the public" of any kind. This presentation is intended solely for the provision of information included in it, and does not constitute a recommendation, or an opinion, or a substitute for the judgment of an investor for any kind of decision. Furthermore, it does not pretend to include all the information that may be relevant for the purpose of making any decision regarding the investment in the Company's securities or in general.

This presentation may include forward-looking information as defined in the Securities Law, 1968, including forecasts, goals, business strategy, evaluations and estimates, regarding both the Company's activities and the markets in which it operates, as well as any other information, in any form in which it is presented, that relates to future events or matters, the realization of which is uncertain and is not under the Company's control.

Any forward-looking information is based on current estimates and assumptions, among others, by the Company's management, which, although Company believes are reasonable, are inherently uncertain and are partially based on subjective estimates. The realization or non-realization of the forward-looking information will be affected and depended on a variety of factors including the risk factors which are inherent to the Company's activity, third party decisions, including regulatory authorities and engagements with third parties, as well as by developments in the economic environment and the external factors which impact the Company's activity, which cannot be assessed in advance and are out of the Company's control. Actual results and achievements of the Company in the future may be materially different from those presented in the forward-looking information presented in this presentation.

The Company does not undertake to update or change such a forecast or estimate in order to reflect events and/or reasons that will apply after the date of this presentation and does not undertake to update this presentation.

Packaging, and Final Product

Integration

Advanced IC Packaging

PCB Printed Circuit Board

Organic Substrates

Medical 5.6% -6.3%

Sources: Yole, Mordor Intelligence

Industrial Instruments 5.8%-6.1%

Company History

Corporate Structure

PCB Technologies

Publicly Listed

iNPACK Technologies (100% owned) AMS Electronic Assembly (100% owned)

High-End Technologies

PCB Technologies Ltd. solutions enabling the most advanced electronics applications & technologies

PCBs & Substrates (Circuits Division)

• Printed circuit boards designed to support the most complex, high-density and powerful systems.
• Substrate design & manufacturing enabling high-performance solutions for analog, digital and high power.

• Complete design & manufacturing solution for the semiconductor industry.

PCBA & Final Product (Assembly Division)

• Comprehensive solutions from subassemblies to the final product, delivering precision and reliability for every electronics application.

… to enable High-End Applications

PCB Technologies Ltd. solutions enabling the most advanced electronics applications & technologies

Defense Medical

Radar ADAS

Drones Medical

PCBs & Substrates IC Packaging PCBA + Final Product

Industrial Instruments Aerospace

RF Communication

Providing Solutions for Leading Defense & Aerospace Programs

Optical Seeker - Navigation system

Eitan APC - Radar System

Iron DOME - Missile Program

Arrow 3 - Antennas

OVER 100 PROGRAMS:

Providing PCB Solutions:

• High Frequency
• High Reliability
• High Power

Performance, durability & long life, even in harsh conditions, serving:

• Top Tactical OEMs
• Military Branches & Intl. Ministries of Defense
• Commercial Space Applications & more

F35 - Communication System

Active Protection - Radar System

Aircraft Program Landing & Comm. System

Impacting Medical Device Technology That Can Change Lives

END-TO-END FULL ASSEMBLY SOLUTION:

Utilizing our All-in-One Methodology for complete, complex Medical Devices starting from PCB right through to final product assembly.

PCB Technologies is ISO 13485 certified.

Cardiac Navigation - Complete System

PCBA for MRI system

Respiratory Monitoring - Complete System

Creating Precision Industrial Instruments for Complex Challenges

ALWAYS UP ON TECH:

Offering innovative solutions that provide both products and entire systems for a wide range of critical industrial sectors, including: Semiconductor Aggrotech, National Utility Grids and the latest Space-age Satellite Communications Systems.

PCBA for 5G Satellites Aggrotech Drones - Complete System

Water Meter Equipment - Complete System

Semiconductor - Heat Management control

Markets Mega Trends

End-Market Growth Drivers & Outlook

Segment	Company Share from 2024 Revenue	US+EU Total *EMS Market Size 2024 (B\$)	PCB & Substrate Market Size(B\$)	IC Packaging Market Size (B\$)	Assembly & Final Product Market Size (B\$)	Company Addressable Market 2024 (B\$)	Segment CAGR % (2025-2030)
Aerospace & Defense	50%	45	5	2	38	7.2	6.1%--8.5%
Medical Technologies	23%	32	3	2	27	3.7	5.8%--6.1%
Industrial Instruments	27%	41	4	2	35	4.7	5.6%--6.3%
Total		118	12	6	100	15.6

Sources: Mordor Intelligence, K.B.V Research *Electronic Manufacturing Services

Unique ONE-STOP SHOP for integrated cutting-edge Hardware Electronics Manufacturing

Added Value to Customers:

• Improved time to market
• Better yield processes
• More flexibility in design
• Smarter customization
• Lower development costs
• From prototype to mass production

Key Business Highlights

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Diversified end-market mix with a growing Aerospace & Defense segment

¹⁶ Based on 2024 \$152M Sales By Main Industries

Sales Trend K\$

\$160,000 Sales CAGR: 9%

Consistent Growth in Sales

\$80,000

\$90,000

\$100,000

\$110,000

\$120,000

\$130,000

\$140,000

\$150,000

Consolidate EBITDA & GP Trends K\$

CAGR GP 2022 >> 2024: 38.3% CAGR EBITDA TTM 2022 >> 2024: 58.5%

Ongoing improvement in operational efficiency and product mix

Circuits Division GP K\$ Trend

CAGR GP TTM 2022 >> 2024: 34.4%

Double GP by product mix and revenue stream, driven by our proprietary

technology and strong OEM partnerships

Backlog & Long Term Agreements (LTA) M\$

Information presented in this chart is based on dates adjacent to the release of the financial statements

Our Path Forward -Continued Growth

• A strong backlog ensures continued revenue growth across all divisions.
• We are involved in major programs within the Defense & Aerospace, Medical, and Industrial Instruments sectors, serving key customers.
• The current business climate, influenced by geopolitical tensions, drives demand for advanced hardware electronics solutions in the Western market.
• Our product mix emphasizes advanced technologies and miniaturization, contributing to profit improvement.
• We are expanding our capacity through capital expenditures to address production bottlenecks and enhance operational efficiency.

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