Ultralife Corporation · NASDAQ:ULBI
Ultralife — Investor Presentation (February 2017)
18 slides from Ultralife's investor presentation, Feb 9, 2017
Slide 1: Ultralife Corporation Investor Presentation
Ultralife Corporation Investor Presentation Michael D. Popielec PRESIDENT & CEO Philip A. Fain CFO & TREASURER Updated February 9, 2017
Slide 2: Important Reminder – Forward Looking Statements
IMPORTANT REMINDER – FORWARD LOOKING STATEMENTS This presentation may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. The Company cautions investors not to place undue reliance on forward-looking statements, which reflect the Com
Slide 3: Business Overview
BUSINESS OVERVIEW An Industry Leader in Providing Power Solutions and Communications Systems Worldwide To Customers for Mission Critical Applications History & 2016 Revenues by 2016 Revenues by Background Business Segment Market Segment 13% • Founded in 1991 $17.7 • Headquarters - Newark, NY (22%) •
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS HIGH CALIBER EXECUTIVE TEAM SUCCESSFULLY RE-POSITIONED BUSINESS Restored Profitability and Cash Flow Generation Strengthened Balance Sheet and Capital Structure POSITIONED TO CAPITALIZE ON APPEALING LONG-TERM GLOBAL GROWTH OPPORTUNITIES Product Portfolio of Innovative Int
Slide 5: Industry Growth Trends - Lithium Batteries
INDUSTRY GROWTH TRENDS - LITHIUM BATTERIES Lithium Manganese Dioxide Segment: Unit Shipment and Revenue Total Primary Lithium Battery Market: Revenue Forecast by End Forecast, Global, 2013-2022 Users, Global, 2013-2020 Key Takeaway: The cost-effective battery chemistry is suitable for all Key Takeaw
Slide 6: Industry Growth Trends – Communications Systems
INDUSTRY GROWTH TRENDS – COMMUNICATIONS SYSTEMS Global Military Communications Revenue by Primary Submarkets: 2015-2030 With a global revenue value of over $25B predicted in 2020, these primary military communications sectors form one of the fastest growth markets in the defense industry value chain
Slide 7: Locations
LOCATIONS Staffordshire, UK 25,000 Sq. Ft. ISO 9001 & 13485 Certified HEADQUARTERS & 60 Employees BATTERY & ENERGY PRODUCTS Newark, New York 280,000 Sq. Ft. ISO 9001; 14001 & 13485 Certified 150 Employees Bangalore, India 10 Employees Virginia Beach, VA Shenzhen, China 35,000 Sq. Ft. 100,000 Sq. Ft.
Slide 8: Market Segments Served
MARKET SEGMENTS SERVED GOVERNMENT & DEFENSE – 50% of 2016 Revenues Applications Include - Soldier Worn Power for Communications, Centralized Power & Distribution, Portable & Vehicle Based Chargers, Emergency Rescue Power, RF Amplifiers, Integrated Communications Systems and Accessories MEDICAL & HEA
Slide 9: Product Portfolio - Battery & Energy Products
PRODUCT PORTFOLIO - BATTERY & ENERGY PRODUCTS Government & Defense Safety, Security & Industrial Ultralife’s batteries, chargers & accessories are specifically designed Over 25 years of proven performance under pressure in the most to remain reliable under the toughest conditions and built to critic
Slide 10: Product Portfolio – Communication Systems
PRODUCT PORTFOLIO – COMMUNICATION SYSTEMS 20 & 50/75 Watt Amplifiers Integrated Systems Ultralife delivers man-portable and vehicle amplifiers Ultralife offers integrated systems to support a wide range of supporting all modern & legacy waveforms in multiple Handheld and Manpack radios variants for
Slide 11: Expanded Battery & Energy Products
EXPANDED BATTERY & ENERGY PRODUCTS Lithium-ion Battery Segment: Revenue Forecast, Global, 2010-2020 ACCUTRONICS ACQUISITION – JANUARY 2016 Accutronics is a UK–Based Leading Designer and Key Takeaway: Lithium-ion batteries have huge potential for Manufacturer of Smart Batteries and Charger Systems
Slide 12: Strategic Re-Positioning
STRATEGIC RE-POSITIONING KEY STRATEGIC MOVES: 2011 - 2015 RESULTS THRU 2016 - Two Global Growth Business Segments Refined Portfolio & Consolidated Facilities - Strategic USA, China, and EU Operations - Footprint Reduction from 680K to 440K Sq Ft - International Sales Mix from 30% to 45% Globalized O
Slide 13: Income Statement Improvements
INCOME STATEMENT IMPROVEMENTS REVENUE GROSS MARGIN OPERATING EXPENSES ($/Millions) (Percent) (Percent to Sales) 2016 Sales Growth of 8% Value Proposition Validation Continued Base Cost Productivity OPERATING PROFIT ADJUSTED EBITDA EARNINGS PER SHARE ($/000s) ($/000s) ($/Share) 2016 Operating Profit
Slide 14: Working Capital Improvements
WORKING CAPITAL IMPROVEMENTS ($ Million) 2012 2013 2014 2015 2016 Working Capital $43.9 $46.6 $45.6 $41.1 $38.2 Current Ratio 3.2 4.9 5.1 4.8 4.4 Working Capital to Assets 45% 52% 52% 50% 45% Cash $10.1 $16.5 $17.9 $14.5 $10.7 ($ Million) Debt $0 $0 $0 $0 $0 Inventory* $30.4 $26.1 $26.1 $23.8 $23.5
Slide 15: Vision Realization: 2016 - Onward
VISION REALIZATION: 2016 - ONWARD VISION REALIZATION Through 2-3x GDP Organic Growth and M&A Aspire For Double Digit Revenue Growth and Provide Scale for Operating Leverage & Operating Margin Rate Profitability Improvement - 13% Op Profit Growth on 8% Sale Increase in 2016 New Products, Customers, M
Slide 16: 2017 Growth Initiatives
2017 GROWTH INITIATIVES LAUNCH OF KEY NEW PRODUCTS Transformational Opportunities - Portable Medical, “IoT” & Asset Tracking Applications Advanced RF & Integrated Communications Systems Solutions Vital to Our Defense RF AND INTEGRATED SYSTEMS SOLUTIONS VITAL TO DEFENSE OF US AND ALLIES GROW MEDI
Slide 17: Executive Enterprise Expertise
EXECUTIVE ENTERPRISE EXPERTISE • Appointed Ultralife President & CEO in December 2010 • General Electric Executive and Company Officer – Americas, Asia, Europe; Public Company Group President for Portfolio of Manufacturing Companies; Chief Operating Officer for Office Automation Distributor • Extens
Slide 18: Ultralife Corporation
Ultralife Corporation 2000 Technology Parkway Newark New York 14513 TEL 800-332-5000 (USA & Canada) EMAIL pfain@ulbi.com WEB www.ultralifecorp.com