Slide 1: Quarterly Earnings Presentation Q3 2024
Quarterly Earnings Presentation Q3 | 2024 October 30, 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements In this presentation, when using the terms the “company,” “DRS,” “we,” “us” and “our,” unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary stat
Slide 3: Key Messages
Key Messages Strong operational execution reflected in third quarter results • Organic revenue growth of 16%, above internal expectations, aided by steady demand and favorable timing of material receipts 1 • Year-over-year adjusted EBITDA and adjusted diluted EPS exceeded the topline at 22% and 20%,
Slide 4: Q3 2024 Leonardo DRS Results Summary
Q3 2024 Leonardo DRS Results Summary Revenue Adjusted EBITDA * Adjusted Net Earnings * (Dollars in millions) (Dollars in millions) (Dollars in millions) $812 $100 $64 $703 ▲ 16% $82 ▲ 22% $53 ▲ 21% Solid organic growth driven by advanced Higher volume and crisp infrared sensing, force Adjusted EBITD
Slide 5: Q3 2024 Segment Results Summary
Q3 2024 Segment Results Summary Revenue Adjusted EBITDA * Adjusted EBITDA Margin * (Dollars in millions) (Dollars in millions) Advanced Sensing and Computing (ASC) 12.0% $64 11.1% $533 ▲ 90 bps $431 ▲ 24% $48 ▲ 33% Favorable mix, improved Sustained momentum in program execution and advanced infrared
Slide 6: Increasing 2024 Guidance
Increasing 2024 Guidance Driving Robust Organic Growth and Adjusted EBITDA Margin Expansion • Increasing revenue range and growth on strong continued (In millions, except per share amounts) customer demand and favorable timing of material receipts Revenue • High visibility into full year guidance ho
Slide 7: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions and Reconciliations In addition to the results reported in accordance with U.S. GAAP included throughout this presentation, the company has provided information regarding “Adjusted EBITDA,” “Adjusted EBITDA Margin,” “Adjusted Net Earnings” and “Adjusted Dilute