Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Q3 2025 Earnings Presentation
14 slides from Aerovironment's earnings presentation, Mar 4, 2025
Slide 1: Third Quarter Fiscal Year 2025
THIRD QUARTER Fiscal Year 2025 March 4, 2025 093024 Slide 1 © 2025 AeroVironment, Inc.
Slide 2: Safe Harbor Statement
THIRD QUARTER FISCAL YEAR 2025 Safe Harbor Statement Certain words in this presentation may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, fo
Slide 3: Additional Information
Additional Information ADDITIONAL INFORMATION AND WHERE TO FIND IT This presentation references the proposed transaction between AeroVironment and BlueHalo. In connection with the proposed transaction, the Company has filed with the SEC a registration statement on Form S-4, which includes a proxy st
Slide 4: Third Quarter Fiscal Year 2025 Key Messages
SECOND QUARTER FISCAL YEAR 2025 Third Quarter Fiscal Year 2025 Key Messages Won key awards tied to long term Continued to make disciplined strategic programs increasing investments in strategy with backlog to a record $764 million expanded production capacity, new products, and M&A Unprecedented LA
Slide 5: Third Quarter Results
THIRD QUARTER FISCAL YEAR 2025 Third Quarter Results YEAR-OVER- METRIC Q3 FY25 YEAR CHANGE NOTES Overall decrease driven by decline in UxS revenues offset by Revenue $167.6M -10% increase in LMS revenues Lower due to a decrease in UxS revenue, partially offset by an GAAP Gross Margin $63.2M -6% incr
Slide 6: Revenue Mix by Segment and Type
THIRD QUARTER FISCAL YEAR 2025 Revenue Mix by Segment and Type QUARTERLY REVENUE BY SEGMENT QUARTERLY REVENUE BY TYPE $250.0 100% 60% 16% 16% 90% 16% 17% 20% $200.0 $197.0 $189.5 50% $186.6 $188.5 80% Percentage Quarterly Revenue $167.6 43% Revenue in millions 70% 39% 40% $150.0 38% 38% Gross Margin
Slide 7: Adjusted Profitability by Type and Non-GAAP EPS
THIRD QUARTER FISCAL YEAR 2025 Adjusted Profitability by Type and Non-GAAP EPS PERCENTAGE ADJUSTED GROSS MARGIN1 NON-GAAP DILUTED EPS2 $0.80 60% $0.70 $0.63 $0.60 50% 48% 44% 44% $0.50 40% 41% 45% 40% 38% 38% $0.40 40% 41% 38% 40% 29% $0.30 $0.30 30% 28% $0.20 20% 20% $0.10 $- 10% $(0.10) 0% $(0.20)
Slide 8: Narrowing Revenue, Adjusted EBITDA and Adjusted EPS Guidance: Fiscal 2025 Outlook
THIRD QUARTER FISCAL YEAR 2025 Narrowing Revenue, Adjusted EBITDA and Adjusted EPS Guidance: Fiscal 2025 Outlook EXPECTED % CHANGE AS OF 3/4/2025 FY24 RESULTS FY25 GUIDANCE (TO MIDPOINT) Revenue $717 million $780 million – $795 million 10% Adjusted EBITDA $128 million1 $135 million – $142 million2 8
Slide 9: Visibility for FY25
THIRD QUARTER FISCAL YEAR 2025 Visibility for FY25 REVENUE (MILLIONS) $900 95% Visibility1 100% Visibility2 $800 0.9 Revenue 17.5 29.4 Guidance Range: 16.3 $700 80% Visibility1 $780 to $795 Million 41.1 $224.4 Company $600 visibility 99.0 $338.1 (as of Mar. 4, 2024) $500 55% Visibility1 supports rev
Slide 10: Slide 10 © 2025 AeroVironment, Inc.
093024 Slide 10 © 2025 AeroVironment, Inc.
Slide 11: Appendix A – Press Release Table
FINANCIAL TABLES APPENDIX A – PRESS RELEASE TABLE Reconciliation of Non-GAAP Earnings per Diluted Share (Unaudited) Three Months Ended Three Months Ended January 25, 2024 January 27, 2024 Earnings per diluted share $ (0.06) $ 0.50 Acquisition-related expenses 0.28 — Amortization of acquired intangib
Slide 12: Appendix B
FINANCIAL TABLES APPENDIX B GAAP to Non-GAAP Reconciliation of Adjusted Gross Margin (Unaudited) Fiscal 3rd Quarter Fiscal 4th Quarter Fiscal 1st Quarter Fiscal 2nd Quarter Fiscal 3rd Quarter (in thousands) FY2024 FY2024 FY2025 FY2025 FY2025 Products Gross Margin $ 56,437 $ 64,550 $ 73,985 $ 64,179
Slide 13: Appendix C
FINANCIAL TABLES APPENDIX C Historical Non-GAAP Adjusted EBITDA Reconciliation (Unaudited) Fiscal 3rd Quarter Fiscal 4th Full Fiscal Year Fiscal 1st Fiscal 2nd Fiscal 3rd (in thousands) FY2024 Quarter FY2024 FY2024 Quarter FY2025 Quarter FY2025 Quarter FY2025 Net Income (loss) from continued operati
Slide 14: Appendix D
FINANCIAL TABLES APPENDIX D Reconciliation of Fiscal Year 2024 Non-GAAP Earnings per Diluted Share (Unaudited) Fiscal Year Ended April 30, 2024 Earnings per diluted share $ 2.18 Acquisition-related expenses 0.06 Amortization of acquired intangible assets 0.54 Equity method and equity securities inve