Good position within the highly competitive and fragmented global connector industry Broad end-market exposure partially mitigates macroeconomic cyclicality Competition against larger players with more diversified product portfolios and significant financial resources Lower profitability compared to major industry peers because of greater research and development (R&D) spending Strong liquidity profile supported by cash of over $350 million and about $785 million revolver availability at March 31, 2017 Good free operating cash flow (FOCF) generation with FOCF to debt in the 15%-20% range expected over the next 12-24 months Continued operational and financial support from its ultimate parent company, Koch Industries Inc. (Koch) Acquisition growth strategy The stable outlook on Lisle, Ill. based-Molex Electronic Technologies LLC reflects S&P Global Ratings' expectation that
