Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Q3 FY2020 Earnings Presentation
12 slides from Aerovironment's earnings presentation, Mar 3, 2020
Slide 1: Third Quarter Fiscal Year 2020 Earnings Presentation
© 2020 AeroVironment, Inc. – Proprietary & Confidential 1 | March 3, 2020 Third Quarter Fiscal Year 2020 Earnings Presentation March 3, 2020
Slide 2: Safe Harbor Statement
© 2020 AeroVironment, Inc. – Proprietary & Confidential 2 | March 3, 2020 Safe Harbor Statement .. Certain statements in this presentation may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include,
Slide 3: Third Quarter Fiscal Year 2020 Key Messages
© 2020 AeroVironment, Inc. – Proprietary & Confidential 3 | March 3, 2020 Third Quarter Fiscal Year 2020 Key Messages 1. On-track to achieve fiscal year 2020 objectives; increased EPS guidance reflects strong momentum 2. Well positioned to maintain growth trajectory beyond fiscal year 2020 based on
Slide 4: Summary of Third Quarter and To-Date Results
© 2020 AeroVironment, Inc. – Proprietary & Confidential 4 | March 3, 2020 Summary of Third Quarter and Fiscal Year 2020 To-Date Results Metric 3rd Qtr. Fiscal Year 2020 Year-Over-Year Change Highlights Revenue $61.9 million -18% Revenue as planned for the quarter; lower small UAS sales Gross profit
Slide 5: Lower Revenue and Decrease in Proportion of Product Revenue Contributed to Lower Earnings
© 2020 AeroVironment, Inc. – Proprietary & Confidential 5 | March 3, 2020 Lower Revenue and Decrease in Proportion of Product Revenue Contributed to Lower Earnings Year Over Year * Excludes Q3 Fiscal Year 2020 amortization of intangible assets & acquisition-related expenses of $0.03 0.35 -0.01* $(0.
Slide 6: Delivering Significant Progress Across the Portfolio
© 2020 AeroVironment, Inc. – Proprietary & Confidential 6 | March 3, 2020 Delivering Significant Progress Across the Portfolio • Healthy funding in proposed government fiscal year 2021 procurement budget: $112 million • Announced orders from two international customers totaling $18 million • Prepari
Slide 7: Government Fiscal Year 2019 Procurement Appropriations Conversion to Contract Awards
© 2020 AeroVironment, Inc. – Proprietary & Confidential 7 | March 3, 2020 Government Fiscal Year 2019 Procurement Appropriations Conversion to AeroVironment Contract Awards $46.0 $45.2 $13.5 $12.4 $110.0 $- $45.0 $90.0 $135.0 $180.0 Government FY 2019 Procurement Appropriations Government FY 2019 Pr
Slide 8: Strong Funded Backlog and High Visibility Support Expected Revenue Growth
© 2020 AeroVironment, Inc. – Proprietary & Confidential 8 | March 3, 2020 Strong Funded Backlog and High Visibility Support Expected Fiscal Year 2020 Year-Over-Year Revenue Growth 55% visibility 75% visibility CONTINUED STRONG FUNDED BACKLOG SUPPORTS HIGH VISIBILITY $86.9 $170.2 $232.1 $151.7 $150.4
Slide 9: Fiscal Year 2020 Expectations
© 2020 AeroVironment, Inc. – Proprietary & Confidential 9 | March 3, 2020 Fiscal Year 2020 Expectations Fiscal Year 2019 Actuals Current Expectations (3/3/20) Revenue $314 million $350 million to $370 million Earnings Per Share (diluted) $1.74 increased to $1.55 to $1.75 Non-GAAP Earnings Per Share
Slide 10: For more information
© 2020 AeroVironment, Inc. – Proprietary & Confidential 10 | March 3, 2020 For more information: Steven Gitlin Vice President Investor Relations ir@avinc.com +1 (805) 520-8350
Slide 11: Appendix – Reconciliation of Non-GAAP Diluted Earnings Per Share
© 2020 AeroVironment, Inc. – Proprietary & Confidential 11 | March 3, 2020 Appendix – Reconciliation of Non-GAAP Diluted Earnings Per Share (Unaudited) Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended January 25, 2020 January 26, 2019 January 25, 2020 January 26, 2019 Earnin
Slide 12: Appendix – Reconciliation of Non-GAAP Diluted EPS Expectations
© 2020 AeroVironment, Inc. – Proprietary & Confidential 12 | March 3, 2020 Appendix – Reconciliation of Fiscal Year 2020 Non-GAAP Diluted Earnings Per Share Expectations (Unaudited) Fiscal year ending April 30, 2020 Forecasted earnings per diluted share $ 1.55 - 1.75 Acquisition related expenses 0.0