Loar Holdings Inc. · NYSE:LOAR
Loar — Q1 2025 Earnings Presentation
16 slides from Loar's earnings presentation, May 14, 2025
Slide 1: Loar Holdings Inc. Q1 2025 Earnings Presentation
Loar Holdings Inc. Q1 2025 Earnings Presentation Proprietary and Confidential 1
Slide 2: Forward Looking Statements & Special Notice Regarding Pro Forma and Non-GAAP Information
Forward Looking Statements & Special Notice Regarding Pro Forma and Non-GAAP Information Future-Looking Statements This presentation includes express or implied forward-looking statements. Forward-looking statements include all statements that are not historical facts, including those that reflect o
Slide 3: Agenda
Agenda • Our Value Drivers, Our Portfolio, Today’s Speakers: and Our Products • Dirkson Charles – CEO and Executive Co-Chairman of the Board of Directors • Q1 Earnings Highlights • Brett Milgrim – Executive Co- Chairman of the Board of Directors • Full Year 2025 – Outlook - • Glenn D’Alessandro – CF
Slide 4: Simple Approach to Driving Value…
Simple Approach to Driving Value… Value Drivers Net Sales $403 $318 L $239 Launching New Products $189 $183 $165 $113 $94 $76 $39 $42 O $9 $23 Optimizing Productivity 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $146 Adj. EBITDA A $113 Achieving Price Above Inflation $83 $63 $61
Slide 5: Adjusted EBITDA Margin Drumbeat
Adjusted EBITDA Margin Drumbeat Operating Leverage Winning Profitable New Business ~37.5% 37.6% Executing on Productivity Initiatives 36.3% 36.0% 35.5% 34.7% Value-Based Pricing 32.2% 30.9% Initial Margin of Acquisitions 2020 2021 2022 2023 2024 2025 Q1 2024 Q1 2025 Guide Public Company Infrastructu
Slide 6: Our Portfolio
Our Portfolio Loar Group specializes in the design, manufacture, and sale of niche aerospace and defense components that are essential for today’s aircraft and aerospace and defense systems, across 250+ total aircraft platforms. Our business focuses on mission-critical, highly engineered solutions w
Slide 7: Our Products
Our Products Diverse Portfolio Offering With Over 20,000+ Products Offered Mission critical nature of Angle of Attack Flight Control 2 & 3 Point Seat Water Purification Waste Mgmt. products with high monetary Sensors / Systems Computers Lap-belt Airbags Belts Systems Systems Cockpit Door Barrier Win
Slide 8: Update on Secondary Cockpit Barrier
Update on Secondary Cockpit Barrier • Partnered with Airbus • Created a best-in-class design by collaborating across the group • From a clean sheet to prototype in 6 months • Delivery of parts beginning this month • Look for our barrier on new production aircraft in the US Proprietary and Confidenti
Slide 9: Results by End Market – Pro Forma
Results by End Market – Pro Forma(1) End Market Drivers Pro Forma(1) Net Sales Total Commercial OEM: Q1 2025 vs • Improving production environment for End Market Q1 2024 Commercial OEMs Total Commercial +8% Total Commercial Aftermarket: OEM • Continued benefit from aging commercial Total Commercial
Slide 10: Quarterly Financial Results
Quarterly Financial Results Q1 Q1 $thousands 2025 2024 ∆ Net Sales 114,659 91,844 24.8% • Net sales up 11.1% organically • Positive mix of higher margin products, value-based pricing Gross Profit 59,706 44,433 34.4% and optimizing productivity Margin 52.1% 48.4% Net Income (Loss) 15,316 2,249 • Lowe
Slide 11: 2025 Market Assumptions
2025 Market Assumptions Commercial, Business Jet, Commercial, Business Jet, and General Aviation - and General Aviation – Defense OEM Aftermarket Low Double-Digit Growth up High Double-Digit* Growth High Single-Digit Growth from High Single-Digit *17% - 20% Proprietary and Confidential 11
Slide 12: Full Year 2025 Outlook – Revised
Full Year 2025 Outlook – Revised Previous Revised 2025 Outlook* 2025 Outlook* Issued 3/31/2025 Issued 5/14/2025 $millions except for share count & Earnings Low High Low High $millions except for share count & Earnings Per Share Per Share Net Sales $480 $488 Net Sales $482 $490 Adjusted EBITDA $180 $
Slide 13: Full Year 2025 – Outlook – Assumptions
Full Year 2025 – Outlook – Assumptions Full Year 2025 Outlook Capital Expenditures ~ $14 million Full Year Interest Expense ~ $28 million Full Year Effective Tax Rate ~ 30% Depreciation and Amortization ~ $51 million Non-Cash Stock-Based Compensation ~ $15 million Diluted Share Count ~ 97 million sh
Slide 14: Appendix – Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Appendix – Reconciliation of Net Income to EBITDA and Adjusted EBITDA (in thousands unless otherwise indicated) Three Months Ended March 31, 2025 2024 Net income $ 15,316 $ 2,249 Adjustments: Interest expense, net 6,459 17,734 Income tax provision 4,369 1,374 Operating income 26,144 21,357 Depreciat
Slide 15: Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA (in thousands unless otherwise indicated) Year Ended Year Ended Twelve Oct. 2, 2017, Jan. 1, 2017, December December December December December December December Months through December December December December December t
Slide 16: Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA (1) For the period January 1, 2017, through October 1, 2017 (“Predecessor Period”), the Company is referred to as the “Predecessor.” For the period October 2, 2017, through December 31, 2017 (“Successor Period”), the Compan