Slide 1: December 7, 2007
1 December 7, 2007 Jim Reindl, Chairman and CEO
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this presentation that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the f
Slide 3: Equity Snapshot
3 Equity Snapshot $0.03 Diluted Earnings Per Share (MRQ): $0.06 Basic Earnings Per Share (MRQ) 11.1M* Basic Shares as of 9/30/2007 $0.6M Net Income (MRQ) $6.4M Revenues (MRQ) $79.5M Market Capitalization (common & preferred): $3.75 Price (12/7/2007): TPCS Ticker: *As of 11/09/07 TechPrecision had 10
Slide 4: Company Overview
4 Company Overview Located in Westminster Massachusetts TechPrecision’s wholly-owned subsidiary, Ranor, Inc. has been in business since 1956 Specializes in large precision fabricated and machined assemblies for solar, nuclear, medical, aerospace/defense, and other commercial industries “One-Stop Sho
Slide 5: Investment Highlights
5 Investment Highlights Fifty plus year history of manufacturing components with high tolerances to rigorous standards Company refocused toward the solar, nuclear and medical industries New growth strategy focuses on projects with more predictable cost structures Increasingly efficient business mode
Slide 6: Engineering High Precision Mission Critical Components
6 Engineering High Precision Mission Critical Components Integrated fabrication and machining capabilities Modern 125,000 sq. ft. manufacturing facility 100-ton lift capacity State-of-the-art welding equipment Full range of large horizontal and vertical machining capabilities Near-term expansion pla
Slide 7: Machining, Engineering and Fabrication
7 Machining Perform machine operations to produce p recision machined components Horizontal CNC machining Vertical CNC machining Manual machining Finishing operations Inspection (utilizing Laser and other State-of-the Art equipment) Mechanical assembly testing Engineering Detailed manufacturing proc
Slide 8: Years of History of Precision Engineering
8 50 Year History of Precision Engineering Commercial -- Upper Strut and T-Foil Assemblies for Motion-Control System for high speed ferries Defense -- DDX Magnetic Motor built for the Office of Naval Research National Laboratory -- Rochester Target Mirror Structure – TC Installation
Slide 9: Business Refocus
9 Business Refocus Increased concentration on alternative energy projects due to sustained industry demand Solar Industry – manufactures critical components for a customer in the solar industry Nuclear Industry – produces parts for commercial nuclear reactors, significant opportunity in nuclear wast
Slide 10: TechPrecision Revenue Breakdown
10 TechPrecision Revenue Breakdown for Q/E September 30, 2007
Slide 11: Strong and Growing Backlog
11 Strong and Growing Backlog
Slide 12: Growth Strategy
12 Growth Strategy Leverage core competency in large-scale, high precision machining and metal fabrication Shift focus to higher-volume, longer-term projects with more predictable cost structures Capitalize on alternative energy industry opportunity Target other high-growth industries such as medica
Slide 13: Serving the Growing Solar Industry
13 Serving the Growing Solar Industry Between 2004 and 2006, installations grew from 927 megawatts to 1,744 megawatts -- industry revenues grew from $6.5bn to $10.6bn Expected to reach 5,521 megawatts and $26bn by 2011, respectively Industry growth will drive increased investment across the manufact
Slide 14: Integral Role in the Nuclear Renaissance
14 Integral Role in the Nuclear Renaissance Growing demand for electricity - 40% by 2030 – and concern over fossil fuel emissions has renewed interest in nuclear power Nuclear power is the only large-scale energy source that does not produce carbon emissions. According to the Nuclear Energy Institut
Slide 15: Precision Nuclear Components
15 Precision Nuclear Components Nuclear reactor Casks – combination steel and sealed poured concrete weighing 365 tons. Spent fuel storage containers – weighing 94.5 tons empty, designed to store 32 pressurized water reactor fuel elements.
Slide 16: Breakthrough Medical Treatments
16 Breakthrough Medical Treatments Currently working with a customer to manufacture critical components for prototype proton beam therapy machines to treat cancer
Slide 17: Blue Chip Customer Base
17 Blue Chip Customer Base Solar GT Solar Nuclear Transnuclear Areva Westinghouse General Electric Defense General Dynamics Electric Boat BAE Systems Aerospace L3 Communications Lockheed Martin
Slide 18: Experienced Management Team
18 Experienced Management Team James G. Reindl – Chairman and CEO BS in mechanical aerospace engineering Previous management experience in the aerospace, military and precision metal manufacturing sectors CEO of TechPrecision since its founding in 2006 Mary Desmond – CFO MBA from Fitchburg State Col
Slide 19: Financial Highlights
19 Financial Highlights
Slide 20: Revenue Trends
20 Note: Quarterly figures are unaudited Revenue Trends
Slide 21: Sustained Quarterly Revenue Growth
21 Sustained Quarterly Revenue Growth In Q2 FY08 50% of revenue came from alternative energy industries
Slide 22: Increasing Gross Margin
22 Note: Quarterly figures are unaudited Increasing Gross Margin
Slide 23: EBITDA
23 EBITDA Note: Quarterly figures are unaudited
Slide 24: Improving Net Income
24 Improving Net Income Note: Quarterly figures are unaudited
Slide 25: EPS (diluted)
25 EPS (diluted) Note: Quarterly figures are unaudited
Slide 26: Capitalization Structure as of 11/09/2007
26 Capitalization Structure as of 11/09/2007 Share Type Number of Shares 11,081,000 10,134,001 4,580,000 5,610,000 1,000,000 32,405,001 Common Shares Outstanding: Common Stock issuable upon conversion of series A preferred stock at $0.218: Shares issuable upon exercise of warrants held by Barron Par
Slide 27: Balance Sheet Highlights
27 Balance Sheet Highlights -$748,083 $77,218 $1,343,008 Total Stockholder's Equity $9,415,903 $8,488,523 $12,270,744 Total Liabilities $5,973,436 $2,468,083 $6,522,239 Current Liabilities $8,667,820 $8,565,741 $13,613,752 Total Assets $6,064,699 $5,865,969 $11,020,082 Current Assets $492,801 $1,443
Slide 28: Investment Summary
28 Investment Summary Fifty plus year history of manufacturing components with high tolerances to rigorous standards Refocused toward the solar, nuclear and medical industries Focus on projects with more predictable cost structures Increasingly efficient business model with growing margins Advanced
Slide 29: TechPrecision Corp. Contact Information
29 TechPrecision Corp. James Reindl, CEO Bella Drive Westminster, MA 01473 Tel: (978) 874-0591 reindlj@ranor.com CCG Elite Investor Relations Inc. Crocker Coulson, President 1325 Avenue of the Americas, Suite 2800 New York, NY 10019 Tel: (646) 213-1915 crocker.coulson@ccgir.com Contact Information