Tat Technologies Ltd. · NASDAQ:TATT
Tat Technologies — Q1 2026 Earnings Presentation
34 slides from Tat Technologies's earnings presentation, May 20, 2026
Slide 1: Investor Presentation - May 2026
May 1 INVESTOR PRESENTATION - May 2026 2026
Slide 2: Disclaimer
DISCLAIMER Forward-Looking Statements This presentation may contain certain forward-looking statements about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation, including statements regarding o
Slide 3: Disclaimer (cont.)
DISCLAIMER (cont.) Non-U.S.-GAAP Financial Measures This presentation includes certain financial information that is not presented in accordance with The U.S. GAAP, including Adjusted EBITDA and Adjusted EBITDA Margin. We refer to these measures as “non-U.S. GAAP” financial measures. We present thes
Slide 4: Key Strategic Product & Service Offerings
KEY STRATEGIC PRODUCT & SERVICE OFFERINGS Thermal APU Landing Gear Solutions MRO Authorized MRO • Honeywell • Gulfstream • Embraer • ATR Thermal Solutions APU Honeywell Partnership with Market Leader Licensee Gulfstream MRO & OEM MRO Landing Gear MRO 60+ years of experience Leasing & Trading 10-year
Slide 5: Experienced and Proven Leadership
EXPERIENCED AND PROVEN LEADERSHIP Experienced senior management team with significant depth, longevity and industry experience. AMOS MALKA IGAL ZAMIR EHUD BEN YAIR JASON LEWANDOWSKI CHAIRMAN OF THE BOARD PRESIDENT & CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER CHIEF OPERATING OFFICER Since 2016 S
Slide 6: TAT Substantial Offerings
TAT SUBSTANTIAL OFFERINGS THERMAL SOLUTIONS Thermal components for power electronics THERMAL SOLUTIONS Thermal components THERMAL SOLUTIONS for galley Thermal components for Environmental Control Systems APU MRO THERMAL SOLUTIONS Thermal components for fuel inerting system LANDING GEAR MRO THERMAL S
Slide 7: Tulsa, Greensboro, Shenzhen locations
TULSA, OK OEM & MRO GREENSBORO, NC Thermail Solutions APU, Landing Gear, SHENZHEN, CHINA MPG, MRO Thermal Components MRO in partnership with LTS-Lufthansa Shenzhen CHARLOTTE, NC Group Office KIRYAT GAT, ISRAEL OEM & MRO Thermal Solutions Other Capabilities 7
Slide 8: Value Proposition
VALUE PROPOSITION ON AN UPWARD TREND High Growth Rates ($M) Strategic Capabilities Supporting Future Growth Strong Demand for Products & Services Proven Leadership Team 1 * Trusted Partner with 300+ Customers Including Tier 1 aircraft manufacturers, system integrators and airlines $580M Backlog (Q1-
Slide 9: Aerospace Market Outlook
AEROSPACE MARKET OUTLOOK High Global Demand for Component MRO ($B) New Aircraft Production on an Upward Trend* 9 INVESTOR PRESENTATION - May 2026 Sources: Oliver Wyman. Note: New aircraft production includes B737, B787, B777, B767, A320, A220, A330 and A350 models
Slide 10: Key Growth Engines Drive Near-Term and Future Growth
KEY GROWTH ENGINES DRIVE NEAR-TERM AND FUTURE GROWTH M&A – Well-positioned with the infrastructure ready to execute our M&A strategy—driving market share, expanded capabilities, and value for customers and shareholders. SEVERAL PILLARS APU – Entered a +$2B market through new OEM certifications. The
Slide 11: Backlog
BACKLOG Value of Long-Term Agreements (LTAs) and Backlog LTAs and Backlog ($M)(1) Q1-2026 LTAs & BACKLOG 11 INVESTOR PRESENTATION - May 2026 (1) Value of LTAs calculated by taking the average annual order quantity for OEM components and MRO services for each customer and multiplying by prior year av
Slide 12: Q1 2026 Key Indicators
Q1 2026 Key Indicators TAT ($M) Q1-26 Q1-25 ∆ Q1-26 YOY Revenue 41.1 42.1 ↓ -2.4% Gross Profit 10.0 10.0 ↑ 0.8% Gross Margin 24.4% 23.6% ↑ 80bp Operating Income 3.0 4.2 ↓ -28.4% Operating Margin 7.3% 9.9% ↓ (260)bp Net Income 3.4 3.8 ↓ -10.8% Net Margin 8.3% 9.0% ↓ (70)bp EPS (diluted, $) (1) 0.26 0
Slide 13: Appendix
APPENDIX 13 INVESTOR PRESENTATION - May 2026
Slide 14: Product and Service Offerings
PRODUCT AND SERVICE OFFERINGS 14 INVESTOR PRESENTATION - May 2026
Slide 15: Thermal Solutions Overview
REVENUE ($M) THERMAL SOLUTIONS OVERVIEW OEM Solutions & MRO Services KEY CUSTOMERS Delivers end-to-end thermal solutions: • Design and manufacturing of high-performance OEM-certified systems and products for tier 1 aircraft and system manufacturers • Specialized MRO services for both U.S. and intern
Slide 16: Thermal Solutions Addressable Market
THERMAL SOLUTIONS Addressable Market Short Term: • The “After COVID” effect increased demand for flights, and a constrained supply of new aircraft is creating strong demand for Aviation MRO services • Close and long-lasting relationships with clients and our multi- product offering as an OEM and MRO
Slide 17: APU Services Overview
REVENUE ($M) APU SERVICES OVERVIEW Maintenance, Repair & Overhaul (MRO) KEY CUSTOMERS OEM and licensed MRO service provider for multiple APU platforms representing over 25,000 aircrafts still in production As a Honeywell authorized service partner, the Company is one of a few licensed providers, cre
Slide 18: APU Services Addressable Market
APU SERVICES Addressable Market 331-20X STRATEGIC AGREEMENTS (1) (1) 331-500 (1) (1) Current Annual Market Current Annual Market 131 Engine Platform (1) Size Share (2) 331-20X B767, B757, C17 $85M ~45% 331-500 B777 $290M ~2% 131 B737, A319-20-21 $2,200M <1% 18 INVESTOR PRESENTATION - May 2026 (1) Fr
Slide 19: Landing Gear Overview
REVENUE ($M) LANDING GEAR OVERVIEW MRO Services Provider of landing gear MRO services for systems across multiple platforms utilized in commercial airline, business jet and military markets Maintain strategic agreements with and certifications from OEMs that ensure access to the landing gear market
Slide 20: Landing Gear Addressable Market
LANDING GEAR Addressable Market Growing demand for MRO services in landing gear • Full in-house capabilities in MRO - Machining services - Plating services • Resulting in lower cost 20 INVESTOR PRESENTATION - May 2026
Slide 21: Trading & Leasing
REVENUE ($M) TRADING & LEASING Leasing: Lease inventory of 29 APU engines, including 331-500 utilized on the Boeing 777 aircraft This service enables the Company to meet growing demand of our customers by helping them overcome the market shortage for APUs and related parts Trading: Trade APU parts,
Slide 22: Trading & Leasing
TRADING & LEASING • Leasing – With a large and diversified pool of 29 APUs, we provide leasing solutions to our customers while leveraging our in-house MRO capabilities to support their ongoing operational needs and ensure high fleet availability • Trading – As the industry suffers from supply chain
Slide 23: Other Capabilities
REVENUE ($M) OTHER CAPABILITIES • Nearly 50 years of experience developing fluid controls and accessories for defense and commercial platforms • Provides highly qualified, durable and affordable Environmental Control Systems (ECS) for defense applications • Utilizes advanced technologies to repair a
Slide 24: New Technologies
NEW TECHNOLOGIES Future Growth Drivers THERMAL SYSTEMS FOR ELECTRIC ADDITIVE MANUFACTURING FULL THERMAL SOLUTIONS AIRCRAFT & AUTONOMOUS AIRCRAFT & 3D PRINTING TO ENGINE HEADS 24 INVESTOR PRESENTATION - May 2026
Slide 25: Financial
Financial 25 INVESTOR PRESENTATION - May 2026
Slide 26: Q1 2026 Results Key Indicators
Q1 2026 RESULTS Key Indicators TAT ($M) Q1-26 Q4-25 Q3-25 Q2-25 Q1-25 ∆ Q1-26 YOY Revenue 41.1 46.5 46.2 43.1 42.1 ↓ -2.4% Gross Profit 10.0 11.7 11.6 10.8 10.0 ↑ 0.8% Gross Margin 24.4% 25.2% 25.1% 25.1% 23.6% ↑ 80bp Operating Income 3.0 4.9 5.3 4.4 4.2 ↓ -28.4% Operating Margin 7.3% 10.6% 11.4% 10
Slide 27: Revenue by Product
REVENUE BY PRODUCT Revenue By Product ($M) Q1-26 Q4-25 Q3-25 Q2-25 Q1-25 Q1-26 YOY % Heat Exchange 18.5 16.6 17.5 17.7 18.4 1% APU 11.6 13.9 14.6 11.5 12.3 -6% Trading & Leasing 2.7 6.1 4.3 5.9 2.1 29% Landing Gears 2.0 3.3 3.8 2.0 3.3 -39% Others 6.2 6.6 6.0 6.1 6.0 4% Total Revenue 41.1 46.5 46.2
Slide 28: Upward Trending Revenue
UPWARD TRENDING REVENUE *Annual CAGR 2023-2025 28 INVESTOR PRESENTATION - May 2026
Slide 29: Gross Profit and Gross Profit Margin
GROSS PROFIT AND GROSS PROFIT MARGIN *Annual CAGR 2023-2025 29 INVESTOR PRESENTATION - May 2026
Slide 30: Operating Income
OPERATING INCOME *Annual CAGR 2023-2025 30 INVESTOR PRESENTATION - May 2026
Slide 31: Net Income
NET INCOME *Annual CAGR 2023-2025 31 INVESTOR PRESENTATION - May 2026
Slide 32: Positive Cash Flow From Operations
CASH FLOW Positive Cash Flow From Operations Cash Flow ($M) Q1-26 Q1-25 Net cash provided by (used in) operating activities 1.95 (5.04) Net cash used in investing activities (1.42) (2.86) Net cash provided by financing activities (0.55) 5.80 Net increase (decrease) in cash and cash equivalents (0.02
Slide 33: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS Strong Balance Allows Future Leverage 33 INVESTOR PRESENTATION - May 2026
Slide 34: Reconciliation of Net Income to Adjusted EBITDA (Non-GAAP)
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED) $M Q1-26 Q4-25 Q3-25 Q2-25 Q1-25 Net Income 3.40 4.73 4.84 3.44 3.81 Adjustments: Affiliated Companies (0.52) (0.51) (0.37) (0.32) (0.29) Taxes on Income 0.15 0.52 0.82 0.21 0.59 Financial Expense net (0.04) 0.21 (0.03) 1.10 0.06