Air Industries Group · AMEX:AIRI
Air Industries — Investor Presentation (November 2014)
17 slides from Air Industries's investor presentation, Nov 20, 2014
Slide 1: Investor Presentation Fall 2014
Investor Presentation Fall - 2014 vAir Industries Group ae:
Slide 2: Safe Harbor Statement
Air Industries Group Safe Harbor Statement Except for the historical information contained herein, the matters discussed in this presentation contain forward-looking statements. The accuracy of these statements is subject to significant risks and uncertainties, Actual results could differ materially
Slide 3: Transformation from a $40 Million manufacturer to a $70+ Million manufacturer
Transformation from a $ 40 Million manufacturer of flight controls and welding services on Long Island to a Multi Divisional, Multi State, $ 70 + Million manufacturer of: Flight Controls & Landing Gear Aerostructures & Electronic components Jet Turbine products D6(OeEss June July ‘November ‘Apail Ju
Slide 4: Industry Outlook
ir Industries Group Indu. Outlook Two Segments - Commercial & Defense: Defense Aerospace: = Budget Cuts - Sequestration has already occurred. = Defense Aerospace remains a $ 120B a year business. = Foreign Military exports - $50+B trade surplus = Focus on aircraft platforms - not budgets. Commercial
Slide 5: Defense Aerospace: Sequestration & Opportunity
Air Industries Group Defense Aerospace: Sequestration & Oportunity Sequestration Response: * Major customers - Prime Contractors - merged to reduce costs by outsourcing & risk sharing * Buying more from fewer, and larger, more capable suppliers. = Buying more complete ready-to-install product. * Spr
Slide 6: An Attractive Investment
Air Industries Group An Attractive Investment * Air Industries Group is an Aerospace & Defense Manufacturing Company well positioned in a growth industry: + Blue Chip customers , long-term contracts, on long-lived aircraft programs $75mm, 18-Month Firm Backlog + Positioned for growth through increas
Slide 7: Highlights: 2009 to 2014
Air Industries Group Highlights: 2009 to 2014 Revenue Growth: $ 40+ M in 2009 to nearly $ 70M (pro-forma for acquisitions) of 2013 & 2014: Balance Sheet: _ $ 30M in Stockholders Equity NYSE Listed - June 2013. Dividend increased to $ .60 per share in Q4 - 2013 Completed 7 acquisitions since June 201
Slide 8: Corporate Structure
Corporate Structure (Air Industries Group
Slide 9: Customers & Supporting Platforms
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Slide 10: Major Assemblies & Sub-Assemblies Gallery
Slide 11: Six facilities Plants in Two States - 260,000 Sq. Ft.
Slide 12: Platforms are more important than budgets...
sf Platforms are more important than budgets... © Onlyseplacement for Carter eraF- © Primacy Helo wsed by US Army, + Primary airspace control over 16, Fld and F-18 fighters ‘with installed base of 3,000 aircraft CCamier Battle Groups ‘+ International consortium supports, + National Guard ~ to be upg
Slide 13: Growth Opportunities
aq Air ong h Opportunities + F-35 Joint Strike Fighter Program * Revenue increase estimated at $10 M in 2017, and then $13M by 2019; * 2,363 Aircraft projected; only replacement for existing fighters * 11 Intemational customers committed ~ UK, Turkey, Italy, Netherlands, Canada, Australia, Norway, D
Slide 14: Twelve Months December 2013
Twelve Months December 2013: Sales -$62.8M: _ Slight decline from 2012 Sales at Air Machining and Welding Metallurgy negatively affected by the Sequester defense cuts during 2013 Ebitda - $ 8M: Sequester cuts estimated to have reduced Ebitda by $ 1MM to $ 2MM Three Months September 2014: Sales -$15.
Slide 15: This has happened before
+ Air Industries Group This has happened before Our strategy is not unique, and not new. It has been done before: * DRS, Triumph, Transdigm, PCC, Curtis Wright and others.
Slide 16: Decades long, deeply embedded relationships
* Decades long, deeply embedded relationships with Prime and Tier 1 customers. + Significant product content on long-lived and growing aircraft platforms. * Accelerating contract wins - particularly in commercial aviation. + Strong balance sheet. * Successful track record of accretive acquisitions *
Slide 17: Management & Board
Air Industries Group Management & Board Management: Michael Taglich Chairman of the Board Chairman and Co-Founder of Taglich Brothers, an Investment Banking Firm focusing solely on Micro-Cap companies. Very successful track record of promoting the growth of portfolio companies and supporting their t
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