Sensata Technologies : Earnings Presentation

SENSATA THIRD QUARTER 2022

EARNINGS PRESENTATION

October 25, 2022

Forward-Looking Statements and Non-GAAP Measures

Safe Harbor Statement

This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as "may," "will," "could," "should," "expect," "anticipate," "believe," "estimate," "predict," "project," "forecast," "continue," "intend," "plan," "potential," "opportunity," "guidance," and similar terms or phrases. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business and market outlook, megatrends, priorities, growth, shareholder value, capital expenditures, cash flows, demand for products and services, share repurchases, and Sensata's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. These statements are subject to risks, uncertainties, and other important factors relating to our operations and business environment, and we can give no assurances that these forward-looking statements will prove to be correct.

A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward- looking statements, including, but not limited to, risks related to public health crises, instability and changes in the global markets, supplier interruption or non- performance, the acquisition or disposition of businesses, adverse conditions or competition in the industries upon which we are dependent, intellectual property, product liability, warranty and recall claims, market acceptance of new product introductions and product innovations, labor disruptions or increased labor costs, and changes in existing environmental or safety laws, regulations, and programs.

Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in Item 1A: Risk Factors in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A: Risk Factors in our quarterly reports on Form 10-Q or other subsequent filings with the United States ("U.S.") Securities and Exchange Commission (the "SEC"). All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.

Non-GAAP Financial Measures

Where we have used non-GAAP financial measures, reconciliations to the most comparable GAAP measures are provided, along with a disclosure on the usefulness of the non-GAAP measure, at the back of this presentation as well as in the "Investor Relations" section of the Company's website, www.investors.sensata.com.

Q3-2022 EARNINGS SUMMARY

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Key Performance Highlights

Continued strong outgrowth

• Strong Q3-22 revenue outgrowth of 650 bps across all of Sensata
• LTM outgrowth of 720 bps

Record new business wins

• Company achieved record new business wins, surpassing previous annual record in just nine months; ~70% of wins in Electrification

Successful M&A

• Acquisitions net of divestitures added 330 bps of inorganic Revenue Growth in Q3-22
• Dynapower acquisition, paired with Qinex divestment, enhances Sensata's growth trajectory

Navigating market disruptions

• Successful pricing execution in response to component and logistics cost inflation
• Experienced management team, effective business strategy, diversified customer base, variable cost structure, differentiated technology and strong balance sheet combine to position Sensata to emerge stronger following these market disruptions

Q3-2022 EARNINGS SUMMARY

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ELECTRIFICATION PRODUCT CATEGORIES

Components

Sensata is executing well on the Electrification opportunity in front of us

Power Conversion

Electrification New Business Wins more

than doubled in 2022E ($M)

Green House Gas emissions

Energy Storage

Combines technology from across Sensata:

$180

$580

$270

reduction efforts, including increasing renewable power generation and conversion to electric vehicles, are driving Sensata's Electrification growth

•	Gigavac
•	Churod JV

2020

2021

2022YTD

vector

•	Lithium Balance
•	Spear Power Systems
•	Sendyne
•	Dynapower

$2B

Electrification revenue expected by 2026

• Accelerating due to lowered costs, increased regulation, and growth in infrastructure investment
• Electrification revenue on track to achieve 2022 expectations of 50% growth
• BEV content well on track to grow to 2x that of ICE by 2026
• IHS now expects 1/3 of light vehicles will be BEV + PHEV by 2026, up from 1/4 at the start of 2022

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HIGH VOLTAGE PRODUCT CATEGORY UPDATE

High Voltage

Junction Boxes

• Power Distribution Units
• Charging Units
• Battery Disconnect Units

Combines technology from across Sensata:

• Multiple Contactors
• Fast Disconnect Devices
• Current Sensing
• Control Electronics including Battery Management System

High Voltage Junction Boxes capitalize on Sensata's strengths; $250M* business wins YTD

>$60M*

Charge unit win

• Unique design solves critical high voltage electrical needs for leading EU HVOR OEM platforms launching in 2025

>$7B

Addressable market by 2030

• Core competencies in power density and thermal management enable Sensata to move up the stack to provide system-level solutions where customers require integration
• Pipeline of $500M* in potential future business under active customer discussion

*Dollar figures represent expected/potential annual revenue post-launch

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