Air Industries Group · AMEX:AIRI
Air Industries — Taglich Brothers Conference (February 2022)
12 slides from Air Industries's conference presentation, Feb 9, 2022
Slide 1: Taglich Brothers Conference Investor Presentation February 2022
TAGLICH BROTHERS CONFERENCE September 2021 1 INVESTOR PRESENTATION February 2022
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT 2 Except for the historical information contained herein, the matters discussed in this presentation contain forward - looking statements . The accuracy of these statements is subject to significant risks and uncertainties . Actual results could differ materially from those con
Slide 3: Locations & Competencies
2 Facilities 150,000 Square Feet 205 80% Military BARKHAMSTED, CT » Jet Engine Components » Ground Power Turbines » Helicopter Assemblies » Special Processes – New Initiative! BAY SHORE, NY » Landing & Arresting Gear » Flight Safety Controls » Aircraft Structural Assemblies » Helicopter Assemblies L
Slide 4: Why Invest in Air Industries Group
Why Invest in Air Industries Group 4 Improving Operational Performance » Integration of Long Island / Connecticut facilities Defense Centric » Largely sheltered from the commercial aviation storm Important and Stable Aircraft Platforms & Customers » S upported by 5 aircraft platforms and 5 customers
Slide 5: Why Invest in Air Industries Group: Earnings Leverage
Nine Months September – 2021 v 2020 : » Revenue increased by $ 7.9 million or 22% » Gross Profit increased by $ 2.0 million or 44% » Gross Margin increased by 220 basis points to 14.7% of sales. » Operating Profit compared to operating loss in 2020 » Adjusted Ebitda of $ 3.6M an increase of $ 2.7M o
Slide 6: The Aerospace Industry
The Aerospace Industry 6 The Aerospace Industry is arranged in Tiers – with products becoming increasingly complex for ultimate delivery to Original Equipment Manufacturers. Air Industries’ business is primarily Tier One and Two. Nose Landing Gear for E2 - D Naval Aircraft
Slide 7: Five Customers – 90% of Sales
Five Customers 85 – 90% of Sales 7 Air Industries Group’s five largest customers in 2021 comprise close to 90% of sales. Sales to each customer as a percent of total have been relatively stable. S ales to Goodrich, DOD Direct and Rohr increased. Sikorsky sales declined as 2021 was the final year of
Slide 8: Five Aircraft Platforms – 90% of Sales
Five Aircraft Platforms – 80 to 90% of Sales 8 32% 24% 15% 23% 14% 15% 11% 17% 7% 10% 20% 11% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 2020 2021 Sales by Aircraft Platform 2021 v 2020 S-70 F-35 F-18 E2-D GTF All other Five aircraft platforms constitute the majority of sales. S - 70 Blackhawk sales decl
Slide 9: A Balance of Legacy & New Aircraft Platforms
A Balance of Legacy & New Aircraft Platforms 9 Sikorsky UH - 60 (S - 70 ) Blackhawk : US Army workhorse helicopter . 4 , 000 produced, In production for over 40 - years and will continue for at least five years, perhaps longer . Operated by nearly 25 countries worldwide . Current fleet continuing in
Slide 10: A Balance of Legacy & New Aircraft Platforms
A Balance of Legacy & New Aircraft Platforms 10 Northrop Grumman E 2 - D : Primary Naval Battle Management / Command & Control aircraft . Vital for aircraft carrier operations . “D” versions in Full Rate Production now to replace all older “C” versions in service . Also operated by 7 foreign militar
Slide 11: Sales – Trailing Twelve Months – Quarterly 2020-2021
Sales – Trailing Twelve Months – Quarterly 2020 - 2021 11 The Covid disruption caused a drop in sales, a steep but short decline. The effect began in Q1 - 2020 was concentrated in Q2 and to a lesser degree in Q3. Air Industries sales have rebounded, returning to, and now exceeding pre - pandemic lev
Slide 12: Thank You For Your Attention – Questions?
12 THANK YOU FOR YOUR ATTENTION QUESTIONS ?
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