Cpi Aerostructures, Inc. · AMEX:CVU
Cpi Aerostructures — Q4 2020 Earnings Presentation
14 slides from Cpi Aerostructures's earnings presentation, Apr 16, 2021
Slide 1: 2020 Q4 Results Presentation
Expertise in Aerospace Technologies 2020 Q4 Results Presentation Speakers: Douglas McCrosson, President & Chief Executive Officer Tom Powers, Acting Chief Financial Officer 1 Confidential | © 2021 CPI Aerostructures, Inc.
Slide 2: Disclosure Statements
Disclosure Statements This presentation contains forward-looking statements that are based on current expectations of management and certain assumptions that are subject to risks and uncertainties. There can be no assurance that such risks and uncertainties will not affect the accuracy of the forwar
Slide 3: Recent Highlights
Recent Highlights Douglas McCrosson President & Chief Executive Officer 3 Confidential | © 2021 CPI Aerostructures, Inc.
Slide 4: Highlights
Highlights 1. Strong Finish to the Year Revenue of $25.4 million vs. $22.7 million for 4Q 2019, 11.9% higher Revenue from military programs grew 12.9% vs. 4Q 2019 on effective execution of funded military backlog Gross profit of $4.6 million nearly doubled vs. 4Q 2019 Gross profit margin of 18.2%, e
Slide 5: Full Year Highlights
Full Year Highlights Full Year Revenue Half Year Revenue ($ in Millions) ($ in Millions) 100 87.5 87.6 55 51.0 10.5 10.4 80 8.4 48 2.9 18.8 60 41 36.6 68.7 79.2 40 34 5.5 48.1 20 27 31.1 0 20 FY 2019 Military Commerical FY 2020 1H2020 2H2020 (Audited) (Audited) Revenue growth from military programs
Slide 6: High Quality Backlog
High Quality Backlog Consolidated Backlog at 12/30/2020: $476.2 Million; Defense Backlog: $456.0 Million Unfunded | Funded Total funded backlog of $169.6 million of which $166.2 or 98% is for defense $ in Millions $456.8 markets – Increase of $21 million vs. Total Backlog $306.6 $166.2 December 31,
Slide 7: Business Development Pipeline
Business Development Pipeline EW/ISR Pods Space Hypersonics Unmanned Aerial Systems 7 Confidential | © 2021 CPI Aerostructures, Inc.
Slide 8: Financial Highlights
Financial Highlights Tom Powers Acting Chief Financial Officer 8 Confidential | © 2021 CPI Aerostructures, Inc.
Slide 9: 4Q 2020 / FY 2020 Highlights
4Q 2020 / FY 2020 Highlights Fourth Quarter 2020 vs. Fourth Quarter 2019 Full Year 2020 vs. Full Year 2019 Revenue of $25.4 million compared to $22.7 million Revenue of $87.6 million compared to $87.5 million Gross profit of $4.6 million compared to $2.5 million Gross profit of $12.1 million compare
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights As of December 31, 2020 As of December 31, 2019 Cash and Restricted Cash $6.0 million Cash and Restricted Cash $5.4 million Net Contract Assets and Liabilities $18.1 million Net Contract Assets and Liabilities $11.7 million Total Debt* $28.7 million Total Debt $31.0 million
Slide 11: Looking Ahead
Looking Ahead Douglas McCrosson President & Chief Executive Officer 11 Confidential | © 2021 CPI Aerostructures, Inc.
Slide 12: 2021 Priorities and Outlook
2021 Priorities and Outlook Positioned for higher revenue, improved profitability and cash flow for 2021 compared to 2020 1. Flawless execution of funded backlog More than 95% of planned 2021 revenue comes from funded backlog at 12/31/20 20 defense programs each expected to contribute greater than $
Slide 13: Q&A Session
Q&A Session Douglas McCrosson President & Chief Executive Officer 13 Confidential | © 2021 CPI Aerostructures, Inc.
Slide 14: Investor Relations Counsel
https://www. https://www.facebook.com/CPIAero @CPIAero Investor Relations Counsel Jody Burfening, LHA Investor Relations https://https://twitter.com/CPIAero (212) 838-3777 @CPIAero cpiaero@lhai.com LHA Investor Relations | 800 3rd Avenue, New York, NY 10022 | (212) 838-3777 https://www.linkedin.com/