Aerovironment, Inc. · NASDAQ:AVAV

Aerovironment — Q4 FY2021 Earnings Presentation

13 slides from Aerovironment's earnings presentation, Jun 29, 2021

  1. Slide 1: Fourth Quarter and Full Fiscal Year 2021 Earnings Presentation

    FOURTH QUARTER AND FULL EARNINGS PRESENTATION FISCAL YEAR 2021 June 29, 2021 Slide 1 © 2021 AeroVironment, Inc. 052620 ​ ​ ​ ​

  2. Slide 2: Safe Harbor Statement

    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, without limitation, any statement that may predict, forecast, indicate or imp

  3. Slide 3: Fiscal Year 2021 Key Message

    FISCAL YEAR 2021 KEY MESSAGE Focused on unique value proposition centered around innovation, customer intimacy and agility to help our customers succeed Delivered fourth consecutive year of profitable revenue growth in the midst of the global pandemic Deployed balance sheet to expand solutions portf

  4. Slide 4: Full Fiscal Year 2021 Results

    FULL FISCAL YEAR 2021 RESULTS expense, amortization of acquired intangible assets and pandemic impacting customer order timing 1 Refer to Reconciliation of Non-GAAP Diluted Earnings Per Share on Appendix A (slide #11). Slide 4 © 2021 AeroVironment, Inc. 052620 Metric Full Fiscal Year 2021 Year-Over-

  5. Slide 5: Closed Three Strategic Acquisitions

    CLOSED THREE STRATEGIC ACQUISITIONS • Increases program diversification with key USSOCOM and US Army customers computer vision and machine perception capabilities • Broadens the scope of advanced robotic systems engineering services for defense and • Enables multi-domain, intelligent robotic solutio

  6. Slide 6: Increased Year-Over-Year Q4 Revenue in Small UAS and MUAS

    INCREASED YEAR-OVER-YEAR Q4 REVENUE IN SMALL UAS AND MUAS Offsets Lower HAPS, TMS and Other Revenue Quarterly Revenue By Product Line $135,223 $136,015 $160,000 $140,000 $92,665 $87,450 $-Slide 6 © 2021 AeroVironment, Inc. 052620 Revenue in thousands $120,000 $100,000 $80,000 $60,000 $40,000 $20,000

  7. Slide 7: Reported Favorable Fourth Quarter Product Margin

    REPORTED FAVORABLE FOURTH QUARTER PRODUCT MARGIN Drove Increases in Gross Margin and Non-GAAP EPS $1.20 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 1.04 2 $1.00 $0.80 $0.60 $0.40 $0.20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 $-Q4 Fiscal Year 2020 Q4 Fiscal Y

  8. Slide 8: Achieved Highest Fourth Quarter Visibility in Five Years

    ACHIEVED HIGHEST FOURTH QUARTER VISIBILITY IN FIVE YEARS Set Higher Revenue Guidance $600 Revenue Guidance Range as of 6/29/21: $560 million to $580 million $500 $400 Revenue Anticipated This FY from Unfunded Backlog Revenue Anticipated This FY from Qtr-To-Date Bookings, including backlog from acqui

  9. Slide 9: Guidance and Expectations for Fiscal Year 2022

    GUIDANCE AND EXPECTATIONS FOR FISCAL YEAR 2022 (to midpoint) 1 Includes preliminary estimates of intangible asset amortization, which are subject to final purchase accounting. 2 Refer to Adjusted EBITDA reconciliation on Appendix C slide #13. 3 Excludes acquisition-related expenses & amortization of

  10. Slide 10: Slide +1 (805) 520-052620 ​ ​

    Slide 10 © 2021 AeroVironment, Inc. +1 (805) 520-052620 ​ ​

  11. Slide 11: Appendix A – Reconciliation of Non-GAAP Diluted Earnings Per Share

    APPENDIX A – RECONCILIATION OF NON-GAAP DILUTED EARNINGS PER SHARE (UNAUDITED) Three Months Ended Three Months Ended Year Ended Year Ended April 30, 2021 April 30, 2020 April 30, 2021 April 30, 2020 0.12 - 0.26 0.04 Acquisition related expenses 0.30 - 0.30 - Legal accrual related to our former EES b

  12. Slide 12: Appendix B – Reconciliation of Fiscal Year 2022 Non-GAAP Diluted EPS Expectations

    APPENDIX B – RECONCILIATION OF FISCAL YEAR 2022 NON-GAAP DILUTED EARNINGS PER SHARE EXPECTATIONS (UNAUDITED) Fiscal year ending April 30, 2022 Acquisition related expenses 0.13 Forecast earnings per diluted share as adjusted (Non-GAAP) $ 2.50 - 2.70 Slide 12 © 2021 AeroVironment, Inc. 052620 Amortiz

  13. Slide 13: Appendix C – Reconciliation of Non-GAAP Adjusted EBITDA

    APPENDIX C – RECONCILIATION OF FISCAL YEAR 2020-2021 ACTUAL AND 2022 FORECAST NON-GAAP ADJUSTED EBITDA (UNAUDITED) Fiscal year ending April 30, 2022 (preliminary expectations1) Fiscal year ending April 30, 2020 Fiscal year ending April 30, 2021 (in millions) Interest (income) expense, net (5) 1 5 De

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