Park Aerospace Corp. · NYSE:PKE
Park Aerospace — Q1 FY2020 Earnings Presentation
13 slides from Park Aerospace's earnings presentation, Jul 11, 2019
Slide 1: FY2020 Q1 Investor Conference Call
FY2020 Q1 Investor Conference Call July 11, 2019
Slide 2: Forward Looking Disclaimer
Forward Looking Disclaimer This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operatin
Slide 3: Reconciliation of FY2020 Q1 EPS and EPS Before Special Items
Reconciliation of FY2020 Q1 EPS and EPS Before Special Items* 13 Weeks Ended June 2, 2019 Amount EPS Sales $ 14,950 Net Earnings before Special Items $ 2,858 $ 0.14 Special Items, Net of Tax: Tax Impact of Cancelled Stock Options (144) (0.01) Net Earnings from Continuing Operations $ 2,714 $ 0.13 We
Slide 4: Quarterly Results for FY2019 and FY2020 Q1
Quarterly Results for FY2019 and FY2020 Q1 (In Thousands)* FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4** FY20 Q1 Sales $10,393 $11,211 $12,853 $16,659 $14,950 Gross Profit $2,852 $3,145 $4,284 $5,903 $4,804 Gross Margin 27.4% 28.1% 33.3% 35.4% 32.1% EBITDA $1,385 $1,664 $2,948 $4,251 $3,372 What we said about
Slide 5: FY2020 Q2 and Q3 Forecast Estimates
FY2020 Q2 and Q3 Forecast Estimates (In Thousands)* FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4** FY20 Q1 FY20 Q2 FY20 Q3 Sales $10,393 $11,211 $12,853 $16,659 $14,950 $14.5M to $15.5M $14.75M to $15.75M EBITDA $1,385 $1,664 $2,948 $4,251 $3,372 $3.1M to $3.7M $3.3M to $3.8M Factors expected to affect FY2020
Slide 6: Major Jet Engine Company Programs
Major Jet Engine Company Programs 13 Year Firm Pricing LTA with Middle River Park Composite Materials are Sole Aerostructure Systems (MRAS) Source on large primary structure component for Passport 20 Engines (not Redundant Factory Announced and in Progress included in 13 Year LTA) POs for Co
Slide 7: Park's Estimated FY2019 Revenues by Aerospace Market Segment
Park’s Estimated FY2019 Revenues by Aerospace Market Segment * *UAM stands for Urban Air Mobility. Urban Air Mobility vehicles are also referred to as Air Taxi or eVOTL (electric Vertical Take-Off and Landing) vehicles 071119 Slide 7
Slide 8: Recent Developments
Recent Developments “Hit ’em Where They Ain’t” Acquisition Program Securities Analyst coverage of Park Major Expansion of Newton, Kansas Facility Name Change…Park Aerospace Corp. Park will be One Company Kratos Defense & Security Solutions…Park’s products are qualified on and used in the
Slide 9: Recent Developments
Recent Developments Airbus A320/A321neo Paris Air Show Announcements CFM announced orders and commitments for more than 1,150 LEAP-1A Engines* IndiGo announced it ordered 560 LEAP-1A Engines for A320neo and A321neo Aircraft, the largest engine order in history* Airbus A321XLR Aircraft Announ
Slide 10: 071119 Slide 10
071119 Slide 10
Slide 11: APPENDIX I Supplementary Financial Information
APPENDIX I Park Electrochemical Corp. July 11, 2019 Investor Conference Call – Supplementary Financial Information The financial and other data contained herein (the “Supplementary Data”) is being provided pursuant to the requirements of Regulation G promulgated by the U.S. Securities and Exchange C
Slide 12: APPENDIX I
APPENDIX I Gross Profit for the 2020 fiscal year first quarter was $4.8 million, or 32.1% of sales, compared to $2.9 million, or 27.4% of sales, for the 2019 fiscal year first quarter and $5.9 million, or 35.4% of sales, for the 2019 fiscal year fourth quarter. Before special items, selling, general
Slide 13: APPENDIX I
APPENDIX I could cause actual results to differ materially from Park’s expectations or from results which might be projected, forecasted, estimated or budgeted by the Company in forward-looking statements. Generally, you can identify forward-looking statements by the use of words such as “expect,” “