Tat Technologies Ltd. · NASDAQ:TATT
Tat Technologies — Investor Presentation (November 2021)
19 slides from Tat Technologies's investor presentation, November 2021
Slide 1: Investors Presentation
Passionate and Dedicated to your Needs Investors Presentation November 2021
Slide 2: Looking Forward Statements
Looking Forward Statements This presentation may contain certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Generally, the words “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “
Slide 3: TAT – Key Facts
TAT – Key Facts Partner with the tier 1 7 Decades within > 500 customers. 12 months revenues of aircraft manufacturing, 450 Employees the A&D Industry LTA worth $220M $78M, EBITDA of $3.3M airlines and defense integrators. strategic partnership with Honeywell
Slide 4: Global Presence
Global Presence Tulsa, Oklahoma Greensboro, North Carolina Kiryat Gat, Israel Novosibirsk, Russia OEM & MRO MRO MRO MRO Thermal Management Solutions Power & Actuation Solutions Power & Actuation Solutions Thermal Management Solutions Schengen China MRO Gedera, Israel in partnership with Lufthansa OE
Slide 5: Business Breakdown
Business Breakdown Geographical Distribution AP 7% Other OEM Vs. MRO 5% Commercial Vs. Defense Israel 11% USA Defense OEM 64% 29% 35% Europe 13% MRO 65% Commercial 71%
Slide 6: Top Management
Top Management Mr. Amos Malka Mr. Igal Zamir Mr. Ehud Ben Yair Chairman of the Board President & CEO CFO In position, since June 2016 In position, since April 2016 In position, since May 2018 Maj. Gen. (ret.) Former Head of the Israeli Prior experience: Prior experience: Defense Intelligence and Com
Slide 7: We Keep Our Customers Flying
We Keep Our Customers Flying More than 300 Customers Working with More than 50 major Airlines 5 largest customers, present 27% revenue
Slide 8: Thermal Management
Thermal Management Design, manufacture (OEM) and MRO services for Thermal Management solutions Heat Exchangers Oil Coolers Fuel submerged HX Cold Plates Electronic devices cooling ECU system
Slide 9: Thermal Management Solutions
Thermal Management Solutions Environmental Control System: Galley: Power Electronics: Precoolers Air Chillers Cold Plates (PAO) Condensers Liquid-Cooled Heat Reheaters Exchangers Hydraulic System: Fuel Submerged Oil Coolers Fuel-cooled Oil Coolers APU: Air-cooled Oil Coolers Power Plant: Conformal A
Slide 10: Strategic change in the OEM market
Strategic change in the OEM market TAT is the world’s largest independent HX manufacturer and MRO. • Commercial Aircraft manufacturers decided to decrease the dependency in system manufacturers and move their production capabilities to the components level, in order to reduce their cost. • The fact
Slide 11: Thermal Management Offering
Thermal Management Offering Short Turn Around Global Market Leader & Technology Leadership & Cost Effective & Time Local Presence at Key Innovation Competitive Offering Markets Deep Market Expertise Strategic Partnership 5 Decades of Experience, Combined with flexibility according to customer needs
Slide 12: Power and Actuation
Power and Actuation Design, manufacturing and MRO services for Power and Actuation solutions APU Landing Gear Fuel System Accessories ECS Accessories Blades Cooling Systems Accessories Pumps
Slide 13: Power & Actuation Offering
Power & Actuation Offering Highly Experienced Team of Working with More than Reputable Incomparable Turn- Professionals 24/7 150 Platforms- strategic Customer Base Around-Time partnership with Honeywell’s APU line
Slide 14: Honeywell strategic deals during 2020-21
Honeywell strategic deals during 2020-21 TAT Piedmont is licensed to serve most of Honeywell’s APUs and will gain full capabilities during 2022 10 years contract to MRO APU Purchased 18 Engines, signed 10 years Signing 10 years MRO serving B757/767, C17. contract as Honeywell exclusive engine contra
Slide 15: Organizational changes and improved cost structure
Organizational changes and improved cost structure Reducing the number of fully Started Q1\ 2021 and Estimates cost Saving of owned sites from 4 to 3- expected to be completed $1.5-2M annually reducing managerial by Q2\22 complexity Getting closer to our Creating a center of excellence in The projec
Slide 16: Future technological initiatives- growth potential
Future technological initiatives- growth potential Developing capabilities of 3D printing and conformal Heat Exchangers, responding to the market needs Aiming to partner with electrical Developing additional MRO aircraft manufacturers capabilities in the areas of HX, APU, Blades and MPG
Slide 17: Consolidated Financial Results
Consolidated Financial Results revenues in $M Adjusted EBITDA in $M 120 7 6 6.5 100 102 5 80 93.2 4 75.4 78 60 3 3.3 2 40 1 1.1 20 0 -1.2 2018 2019 2020 2022 -1 0 2018 2019 2020 2022 -2 During COVID the company suffered from decline in revenues mainly from commercial MRO while Defense and Cargo rema
Slide 18: Balance Sheet
Balance Sheet As of Dec. 31, 2021, TAT present strong balance sheet with: $47M $76.8M 69% Working capital Share holder’s equity Equity to balance ratio
Slide 19: Thank You
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