Tat Technologies Ltd. · NASDAQ:TATT
Tat Technologies — Q4 2025 Earnings Presentation
36 slides from Tat Technologies's earnings presentation, March 2026
Slide 1: Form 6-K Cover / Investor Presentation March 2026
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2025 TAT TECHNOLOGIES LTD. (Name of Registrant) 9335, Harris corners, Charlotte,
Slide 2: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TAT TECHNOLOGIES LTD. (Registrant) By: /s/ Ehud Ben-Yair Ehud Ben-Yair Chief Financial Officer Date: Mar
Slide 3: March 2026
March 3 INVESTOR PRESENTATION - March 2026 2026
Slide 4: 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 5: 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 6: 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 7: 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 8: 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 9: Global Presence
GLOBAL PRESENCE 209 Israel Employees 205 U.S. Employees 203 U.S. Employees 42 Employees 9 INVESTOR PRESENTATION - March 2026
Slide 10: 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 $550M Backlog (Q4-
Slide 11: Aerospace Market Outlook
AEROSPACE MARKET OUTLOOK High Global Demand for Component MRO ($B) New Aircraft Production on an Upward Trend* 11 INVESTOR PRESENTATION - March 2026 Sources: Oliver Wyman. Note: New aircraft production includes B737, B787, B777, B767, A320, A220, A330 and A350 models
Slide 12: Key Growth Engines Drive Near-Term and Future Growth
KEY GROWTH ENGINES DRIVE NEAR-TERM AND FUTURE GROWTH APU – Entered a +$2B market through new OEM certifications. The Company is well-positioned against competition and supply chain challenges. SEVERAL PILLARS Landing Gear MRO Cycle – Entering major MRO cycles with two key strategic agreements in pla
Slide 13: Backlog
BACKLOG Value of Long-Term Agreements (LTAs) and Backlog LTAs and Backlog ($M)(1) Q4-2025 LTAs & BACKLOG 13 INVESTOR PRESENTATION - March 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
Slide 14: Continued Growth and Margin Expansion in 2025
Q4 2025 and FY2025 RESULTS Key Indicators Continued Growth And Margin Expansion in 2025 TAT ($M) Q4-25 Q4-24 ∆ Q4-25 YOY FY2025 FY2024 ∆ 25-'24 YOY Revenue 46.5 41.0 ↑ 13.4% 178.0 152.1 ↑ 17.0% Gross Profit 11.7 9.5 ↑ 23.6% 44.1 33.0 ↑ 33.6% Gross Margin 25.2% 23.1% ↑ 210bp 24.8% 21.7% ↑ 310bp Opera
Slide 15: Appendix
APPENDIX 15 INVESTOR PRESENTATION - March 2026
Slide 16: Product and Service Offerings
PRODUCT AND SERVICE OFFERINGS 16 INVESTOR PRESENTATION - March 2026
Slide 17: Thermal Solutions Overview
THERMAL SOLUTIONS OVERVIEW OEM Solutions & MRO Services REVENUE ($M) 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 18: 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 19: APU Services Overview
APU SERVICES OVERVIEW Maintenance, Repair & Overhaul (MRO) REVENUE ($M) KEY CUSTOMERS OEM and licensed MRO service provider for multiple APU platforms representing over 25,000 aircrafts still in production As a Honeywell authorized service partner, the Company is one of a few licensed providers, cre
Slide 20: APU Services Addressable Market
APU SERVICES Addressable Market 331-20X STRATEGIC AGREEMENTS (1) (1) 331-500 (1) (1) 131 (1) (2) 20 INVESTOR PRESENTATION - March 2026 (1) From publicly available data provided by Boeing and Airbus, accessed as of April 2025, and Company management estimates (2) As stated in the disclaimer slides, m
Slide 21: Landing Gear Overview
LANDING GEAR OVERVIEW MRO Services Provider of landing gear MRO services for systems across multiple platforms utilized in commercial airline, business jet and military markets Maintain strategic agreements with and REVENUE ($M) certifications from OEMs that ensure access to the landing gear market
Slide 22: 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 22 INVESTOR PRESENTATION - March 2026
Slide 23: Trading & Leasing
TRADING & LEASING Leasing: Lease inventory of 29APU 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 REVENUE ($M) for APUs and related parts Trading: Trade APU parts, h
Slide 24: Trading & Leasing
TRADING & LEASING • Leasing – With a large and diversified pool of 29 APUs, we provide leasing solutions to our customers while leveraging our in-house MRO capabilities to support their ongoing operational needs and ensure high fleet availability • Trading – As the industry suffers from supply chain
Slide 25: Other Capabilities
OTHER CAPABILITIES • Nearly 50 years of experience developing fluid controls and accessories for defense and commercial platforms • Provides highly qualified, durable and affordable Environmental Control Systems (ECS) for defense applications REVENUE ($M) • Utilizes advanced technologies to repair a
Slide 26: New Technologies: Future Growth Drivers
NEW TECHNOLOGIES Future Growth Drivers THERMAL SYSTEMS FOR ELECTRIC ADDITIVE MANUFACTURING FULL THERMAL SOLUTIONS AIRCRAFT & AUTONOMOUS AIRCRAFT & 3D PRINTING TO ENGINE HEADS 26 INVESTOR PRESENTATION - March 2026
Slide 27: Financial
Financial 27 INVESTOR PRESENTATION - March 2026
Slide 28: Growth Across All Key Performance Metrics
Q4 2025 RESULTS Key Indicators Growth Across All Key Performance Metrics TAT ($M) Q4-25 Q3-25 Q2-25 Q1-25 Q4-24 ∆ Q4-25 YOY FY2025 FY2024 ∆ 25-'24 YOY Revenue 46.5 46.2 43.1 42.1 41.0 ↑ 13.4% 178.0 152.1 ↑ 17.0% Gross Profit 11.7 11.6 10.8 10.0 9.5 ↑ 23.6% 44.1 33.0 ↑ 33.6% Gross Margin 25.2% 25.1%
Slide 29: Strategic Growth Engines Have Diversified Revenue Streams
REVENUE BY PRODUCT Strategic Growth Engines Have Diversified Revenue Streams Revenue By Product Q4-25 Q3-25 Q2-25 Q1-25 Q4-24 Q4-25 YOY % 2025 2024 2025-2024 YOY% ($M) Heat Exchange 16.6 17.5 17.7 18.4 16.6 0% 70.2 63.2 11% APU 13.9 14.6 11.5 12.3 13.0 7% 52.2 43.3 21% Trading & Leasing 6.1 4.3 5.9
Slide 30: Double-Digit Revenue Growth
UPWARD TRENDING REVENUE Double-Digit Revenue Growth 30 INVESTOR PRESENTATION - March 2026
Slide 31: Improving Gross Profit and Gross Profit Margin
IMPROVING GROSS PROFIT AND GROSS PROFIT MARGIN 31 INVESTOR PRESENTATION - March 2026
Slide 32: Expanding Margins and Profitability: Operating Income
OPERATING INCOME Expanding Margins And Profitability 32 INVESTOR PRESENTATION - March 2026
Slide 33: Expanding Margins and Profitability: Net Income
NET INCOME Expanding Margins And Profitability 33 INVESTOR PRESENTATION - March 2026
Slide 34: Positive Cash Flow From Operations
CASH FLOW Positive Cash Flow From Operations Cash Flow ($M) 2025 2024 2023 Net cash provided by (used in) operating activities 15.0 (5.8) 2.3 Net cash used in investing activities (10.1) (3.9) (3.6) Net cash provided by financing activities 39.2 0.2 10.2 Net increase (decrease) in cash and cash equi
Slide 35: Strong Balance Allows Future Leverage
BALANCE SHEET HIGHLIGHTS Strong Balance Allows Future Leverage Leverage Metrics ($M) FY 2025 FY 2024 FY 2023 Shareholder's Equity 176.4 112.0 90.7 Total Assets 227.0 163.4 145.6 Equity-to-Assets Ratio 0.78 0.69 0.62 Operating Working Capital FY 2025 FY 2024 FY 2023 Current Assets Accounts Receivable
Slide 36: Reconciliation of Net Income to Adjusted EBITDA (Non-GAAP)
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED) $M Q4-25 Q3-25 Q2-25 Q1-25 Q4-24 Q3-24 Q2-24 Q1-24 Q4-23 Q3-23 Q2-23 Q1-23 Net Income 4.73 4.84 3.44 3.81 3.58 2.87 2.62 2.11 0.39 2.15 1.48 0.66 Adjustments: Affiliated Companies (0.51) (0.37) (0.32) (0.29) (0.21) (0.17) (0.23)