Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Investor Presentation (May 2025)
37 slides from Aerovironment's investor presentation, May 5, 2025
Slide 1: Corporate Overview: Defining the Next Era of Defense Technology
Slide 1 © 2025 AV, Inc. – Proprietary Information NASDAQ: AVAV // MAY 2025 CORPORATE OVERVIEW DEFINING THE NEXT ERA OF DEFENSE TECHNOLOGY
Slide 2: Safe Harbor Statement
Slide 2 © 2025 AeroVironment, Inc. Safe Harbor Statement This presentation contains statements regarding AeroVironment, Inc. (“AV”), including its wholly owned subsidiary BlueHalo, that are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “S
Slide 3: Safe Harbor Statement (Continued)
Slide 3 © 2025 AeroVironment, Inc. Safe Harbor Statement (Continued) Other unknown or unpredictable factors also could have a material adverse effect on AV’s business, financial condition, results of operations and prospects. Accordingly, readers should not place undue reliance on these forward-look
Slide 4: Opportunity Overview
Slide 4 © 2025 AeroVironment, Inc. Opportunity Overview
Slide 5: AV Closes Acquisition of BlueHalo on May 1, 2025
Slide 5 © 2025 AeroVironment, Inc. AV Closes Acquisition of BlueHalo on May 1, 2025 Proven track record delivering next generation products to the U.S. Department of Defense and dozens of allied militaries for over 30 years Demonstrated history of profitable growth sustained by market leading invest
Slide 6: Leading Solutions in Both UAS and C-UAS Operations
Slide 6 © 2025 AeroVironment, Inc. Leading Solutions in Both UAS and C-UAS Operations Precision Strike Group 1, 2, 3 UAS C-UAS Locust LWS Directed Energy Solution Freedom Eagle-1 Kinetic Intercept Titan & TitanSV RF Detect and Neutralize SwitchBlade 600 Smart Munition System SwitchBlade 300 Block 20
Slide 7: Expanding Across Emerging and Mission-Critical Domains
Slide 7 © 2025 AeroVironment, Inc. Expanding Across Emerging and Mission-Critical Domains Space Technologies Ground and Maritime Robotics Emerging Technologies Wildcat Group 3 VTOL UAS Engineered for Extremes AVACORE Autonomy Software Solar HAPS High-Altitude Pseudo-Satellite BADGER Next-Generation
Slide 8: Segment Leaders and Two Business Segments
Slide 8 © 2025 AeroVironment, Inc. Trace Stevenson – President of Autonomous Systems (AxS) Trace has more than 20 years of experience in the defense industry and most recently served as the SVP and GM of AV’s Uncrewed Systems Division. He has held various leadership roles within AV and has extensive
Slide 9: Addressing the Highest Priorities of National Security
Slide 9 © 2025 AeroVironment, Inc. Addressing the Highest Priorities of National Security C-UAS & EW Leading detect and defeat RF systems powered by proprietary AI / ML technology driving the future battlespace of electronic warfare Group 1, 2, 3 UAS Global leader in Group 1 & 2 drones with more tha
Slide 10: AV is Perfectly Positioned for the Shifting Demands of Tomorrow's Warfighters
Slide 10 © 2025 AeroVironment, Inc. AV is Perfectly Positioned for the Shifting Demands of Tomorrow’s Warfighters The Trump administration has identified its critical priorities for the Department of Defense…and AV has responded One-Way Attack Includes loitering munitions designed for precision stri
Slide 11: World-Class Management Team
Slide 11 © 2025 AeroVironment, Inc. Trace Stevenson Autonomous Systems Segment Leader Wahid Nawabi Chief Executive Officer Brad Truesdell Chief Operating Officer Kevin McDonnell Chief Financial Officer Archana Nirwan Chief People Officer Mark McNeely Chief Administrative Officer Melissa Brown Chief
Slide 12: Innovating and Incubating New Markets
Slide 12 © 2025 AeroVironment, Inc. Source: Renaissance Strategic Advisors. Innovating and Incubating New Markets OWA Precision Strike & One-Way Attack Rapidly Growing UAS GROUPS 1, 2, and 3 Cyber CYBER MW/ ADV MACCREADY WORKS ADVANCED SOLUTIONS $4B+ $5B+ Rapidly Growing $6B+ ST SPACE TECHNOLOGIES $
Slide 13: Combined Business Provides Diversified Exposure to Critical Priority Growth Streams
Slide 13 © 2025 AeroVironment, Inc. Ground and Maritime Robotic Solutions Advanced Solutions C-UAS & EW UAS Group 1,2,3 Precision Strike Space Technology Cyber Ground and Maritime Robotic Solutions Advanced Solutions UAS Group 1,2,3 Precision Strike (1) Based upon pro-forma financials for the combin
Slide 14: A Purpose-Built Technology Platform
Slide 14 © 2025 AeroVironment, Inc. A Purpose-Built Technology Platform Proven, Scalable Business Model Delivering Successful Mission Outcomes 500+ Patents ~$600M Annual product development spend (1) Purpose-built to rapidly field IP-rich solutions to the control points of advanced battlespaces Prod
Slide 15: AV Is Delivering Innovation Across All Defense Domains
Laser Communications and Space Payloads Orbital Warfare & Space Effects Space Domain Awareness C4ISR and Multi-Domain Operations Laser Weapons, Precision Pointing and Tracking Space RF Systems for Communications, Telemetry, and Electronic Warfare Offensive & Defensive Cyber Operations OSINT C2 Track
Slide 16: Space, Cyber & Directed Energy Products
Slide 16 © 2025 AeroVironment, Inc. Space, Cyber & Directed Energy Products C-UAS Product
Slide 17: Product portfolio by segment
Slide 17 © 2025 AeroVironment, Inc. Autonomous Systems Electronic Warfare Maccready Works (Advanced Technologies) SOLAR HAPS ARK ACE SPOTR-EDGE WILDCAT Precision Strike And Defense Systems SWITCHBLADE 600 SWITCHBLADE 300 BLACKWING MUAS (Group 3 UAS) JUMP 20 JUMP 20-X T-20 Robotic Solutions (Telerob)
Slide 18: AV Can Capitalize on Emerging Big Bet Opportunities
Slide 18 © 2025 AeroVironment, Inc. Golden Dome One-Way Attack Counter-UAS Border Security Remote sensing, tracking, and classified space capabilities Robust MDA heritage, insights, and customer perspectives Layered effector design and production expertise Industry leading Switchblade product line C
Slide 19: Delivering Next-Gen Technology to Those Who Need it Most
Slide 19 © 2025 AeroVironment, Inc. AV products have delivered maximum impact in the most austere environments Delivering Next-Gen Technology to Those Who Need it Most Customers trust AV because our systems deliver when it matters most Open-Architecture Seamless interoperability with allied forces a
Slide 20: Large-Scale Program Wins Provide Tremendous Momentum
Slide 20 © 2025 AeroVironment, Inc. Large-Scale Program Wins Provide Tremendous Momentum SCAR (BADGER) $1.7B 8-years US Army SwitchBlade Contracts $1.7B Domestic SwitchBlade Orders $415M Multiple Programs International SwitchBlade Orders $248M 9 Countries Danish Defense Acquisition and Logistics Org
Slide 21: A Unique Financial Profile
Slide 21 © 2025 AeroVironment, Inc. Large Defense Primes VC-Backed Defense Tech Players GDP-type growth Low-single-digit margins Highly diversified program base Methodical, risk-averse development Limited IRAD Robust cash flow conversion Step-function growth Long runway to profitability and cash flo
Slide 22: Advancing Integration Efforts for Long-Term Success
Slide 22 © 2025 AeroVironment, Inc. Advancing Integration Efforts for Long-Term Success ~$20M run-rate cost synergies across the entity Additional revenue synergies are anticipated by cross-selling and leveraging the significant combined salesforce that broadens AV’s geographic and customer footprin
Slide 23: The AV Investment Opportunity
Slide 23 © 2025 AeroVironment, Inc. The AV Investment Opportunity One-of-a-Kind Defense Technology Company Perfectly Aligned with Top U.S. DoD Priorities Full Suite of Battle-Tested and Mission Centric Solutions Clear Line-of-Sight into Step-Function Growth Supported by Key Programs of Record and Ba
Slide 24: The Future Of Defense Is Now
The Future Of Defense Is Now
Slide 25: Product and Solution Review
Slide 25 © 2025 AeroVironment, Inc. Product and Solution Review
Slide 26: Expanding UAS Market Promotes Efficiency and Innovation
Slide 26 © 2025 AeroVironment, Inc. Expanding UAS Market Promotes Efficiency and Innovation, Fueling Increased Demand and Investment $50K - $750K Unit Cost of UAS Products $140M+ Unit Cost of F-22 Raptor 4-12 Weeks Time to Train Military UAV Operator 2-3+ Years Time to Train Smaller Footprint Allows
Slide 27: Group 1-3 UAS Provides Critical Battlefield Reconnaissance
Slide 27 © 2025 AeroVironment, Inc. Group 1-3 UAS Provides Critical Battlefield Reconnaissance P550 Battlefield Adaptable Puma LE Long Endurance T-20 Class-Leading Endurance & Payload Flexibility Puma 3 AE All-Environment Tomahawk Controller Kinesis Software Provides Edge Asset Integration Jump 20-X
Slide 28: Increased Emphasis on Precision and Flexibility Drives Demand for One-Way Attack
Slide 28 © 2025 AeroVironment, Inc. Increased Emphasis on Precision and Flexibility Drives Demand for One-Way Attack Systems Across All Echelons “Unlike existing direct and indirect fire weapon systems, LASSO’s discreet payload and unique capability delivers Soldiers the ability to abort against tar
Slide 29: Precision Strike - One Way Attack (OWA) Lethal Drones
Slide 29 © 2025 AeroVironment, Inc. Precision Strike - One Way Attack (OWA) Lethal Drones Switchblade 600 Smart Munition System Switchblade 300 Block 20 Tactical Munition System Diverse portfolio of man-portable autonomous weapon systems that allows warfighters to rapidly prosecute protected adversa
Slide 30: Continued Proliferation of UAS Drives Urgent Need for C-UAS Solutions
Slide 30 © 2025 AeroVironment, Inc. Continued Proliferation of UAS Drives Urgent Need for C-UAS Solutions “Sunday’s [drone] attack by Iranian proxies on US forces serving in Jordan–the first time American soldiers have been killed by a conventional enemy air attack since the Korean War–serves as a s
Slide 31: Defensive Systems – Counter UAS & Electronic Warfare
Slide 31 © 2025 AeroVironment, Inc. Defensive Systems – Counter UAS & Electronic Warfare Titan & TitanSV RF Detect and Neutralize LOCUST P-HEL Palletized High-Energy Laser LOCUST AMP-HEL Army Multi-Purpose High-Energy Laser LOCUST STRYKER Integrated Directed Energy Solution VigilantHalo Software-Dri
Slide 32: Exponential Growth in Satellites Requires New Space Architecture
Slide 32 © 2025 AeroVironment, Inc. Exponential Growth in Satellites Requires New Space Architecture 2020 2030 3,000 Satellites On-Orbit in 2020 60,000 Satellites Expected On-Orbit by 2030 20x Growth In Satellites On-Orbit From 2020 to 2030 Problem
Slide 33: AV's Space Technology Addresses Critical Missions
Slide 33 © 2025 AeroVironment, Inc. AV’s Space Technology Addresses Critical Missions BADGER Next-Generation Space Operations WASP Transforming Existing Ground Infrastructure MSDA Tile Multi-Band Software Defined Antenna PANTHER RF Tracking & Telemetry Space Qualified Payloads Full Suite Across GEO,
Slide 34: Rising Threat Environment In the Pacific Highlights Demand for Autonomous Maritime Systems
Slide 34 © 2025 AeroVironment, Inc. Rising Threat Environment In the Pacific Highlights the Critical Demand for Autonomous Maritime Systems $700B+ Cost of U.S. Aircraft Carriers, Destroyers, and Submarines The goal of the Replicator Initiative – currently being written into FY2025 Budget documents –
Slide 35: Ground & Maritime Robotic Solutions
Slide 35 © 2025 AeroVironment, Inc. Ground & Maritime Robotic Solutions Defender Leading Small Form-Factor ROV Ally Designed for Speed, Efficiency and Reduced Size Pro5 Inspection Class ROV for Commercial Operations Telemax EVO Pro Rugged Design Supports Mission Flexibility Maritime Software Special
Slide 36: AV Delivers Key Cyber Solutions
Slide 36 © 2025 AeroVironment, Inc. AV Delivers Key Cyber Solutions Monocle Situational Awareness System Lokiset Cyber Product Scraawl AI-Powered OSINT Analysis OSINT Open-Source Intelligence Digital Operations Identity Management & Tradecraft Expertise SIGINT & MASINT Signals & Measurement Intellig
Slide 37: MacCready Works
Slide 37 © 2025 AeroVironment, Inc. MacCready Works WILDCAT Group 3 VTOL UAS Engineered for Extremes SOLAR HAPS High-Altitude Pseudo-Satellite Novel Systems Long-Range Performance, Large Payloads INGENUITY MARS HELICOPTER First Powered Flight On Mars AVACORE Autonomy Software SPOTR-EDGE Computer Vis