Slide 1: Quarterly Earnings Presentation Q1 2024
Quarterly Earnings Presentation Q1 | 2024 May 1, 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements In this presentation, when using the terms the “company,” “DRS,” “we,” “us” and “our,” unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary stat
Slide 3: Key Messages
Key Messages Strong first quarter results reflect a concerted focus on driving better quarterly linearity to achieve 2024 financial commitments • Generated robust revenue growth of 21% (all organic) 1 • Year-over-year adjusted EBITDA and adjusted diluted EPS growth significantly outpaced the topline
Slide 4: Q1 2024 Leonardo DRS Results Summary
Q1 2024 Leonardo DRS Results Summary Revenue Adjusted EBITDA * Adjusted Net Earnings * (Dollars in millions) (Dollars in millions) (Dollars in millions) $688 $38 $70 $569 ▲ 21% ▲ 43% ▲ 100% Robust organic growth $49 driven by naval power, $19 Growth bolstered by ground systems strong operational int
Slide 5: Q1 2024 Segment Results Summary
Q1 2024 Segment Results Summary Revenue Adjusted EBITDA * Adjusted EBITDA Margin * (Dollars in millions) (Dollars in millions) Advanced Sensing and Computing (ASC) $41 9.5% 9.5% $37 ▬ 0 bps $433 ▲ 11% $391 ▲ 11% Solid organic growth from Higher volume drove advanced infrared profitability growth sen
Slide 6: Confirms Solid 2024 Guidance
Confirms Solid 2024 Guidance Well Positioned to Maintain Organic Growth and Expand Adjusted EBITDA Margin (In millions, except per share amounts) Revenue output subject to the pace of material receipts and progress of labor 2024 Guidance 2023 Actuals % Δ from 2023 Revenue inputs as well as the timin
Slide 7: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions and Reconciliations In addition to the results reported in accordance with U.S. GAAP included throughout this presentation, the company has provided information regarding “Adjusted EBITDA,” “Adjusted EBITDA Margin,” “Adjusted Net Earnings” and “Adjusted Dilute