Aerovironment, Inc. · NASDAQ:AVAV

Aerovironment — Baird Global Industrials Conference 2023

19 slides from Aerovironment's conference presentation, November 2023

  1. Slide 1: AeroVironment, Inc. – Baird Chicago November 2023

    AEROVIRONMENT, INC. BAIRD | CHICAGO | NOVEMBER 2023 WAHID NAWABI | CEO, KEVIN MCDONELL | CFO 052620 Slide 1 2020 AeroVironment, Inc. – Proprietary Information © 2023

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Certain statements in this presentation may constitute "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, forecast, indicate or im

  3. Slide 3: Growing Need for Unmanned Systems

    Growing Need for Unmanned “Ukraine is building an advanced army of drones.” Systems “Army orders loitering munition for testing Future of warfare and US military’s force structure will include more as soldier-borne tank-killer” distributed intelligent and affordable unmanned systems & loitering muni

  4. Slide 4: AV At-A-Glance

    AV At-A-Glance Honored to support our global customers as the leading pureplay unmanned systems company, providing solutions primarily to US DoD and Allies around the world Global footprint with sales to NASDAQ: AVAV 55+ allied nations * Market Cap: $3.2B+ HQ: Arlington, VA Employees: ~1,300 Slide 4

  5. Slide 5: Our Unmatched Portfolio: Accomplishing missions in the most Demanding Environments

    Our Unmatched Portfolio: Accomplishing missions in the most Demanding Environments Slide 5 | © 2023 AeroVironment, Inc.

  6. Slide 6: AV Operates Three Business Segments

    AV Operates Three Business Segments Further Insight into Our Business Unmanned Systems (UMS) Loitering Munition Systems MacCready Works (MW) (LMS) Group 1-3 UAVs and UGVs for EOD Switchblade 300 & 600 Loitering Disruptive Innovations & Incubator and CBRNE missions Munitions of New Business or Franch

  7. Slide 7: Last Twelve Months Results — Through Q1 FY24

    Last Twelve Months Results — Through Q1 FY24 REVENUES BY SEGMENT Metric Q2 FY 2023 – Q1 FY 2024 Revenue $584M 64% $374.3M Adj. Gross profit 1 $219M 37.4% Adj. EBITDA 2 $114M 19.5% Non-GAAP $2.41 EPS 3 (diluted) 22% $128.5M 14% Funded Backlog $540M $81.5M R&D Investment $65M 11.1% Unmanned Systems Lo

  8. Slide 8: Revenue and Non-GAAP Adjusted EBITDA (Continuing Ops)

    Revenue and Non-GAAP Adjusted EBITDA (Continuing Ops) Achieved incremental revenue growth over past 6 years and expect to continue growing • FY24 profitability improvement Non-GAAP Adjusted EBITDA represents favorable mix of product vs. service sales $1,000 Revenue ($ Millions) Adjusted EBITDA ($ Mi

  9. Slide 9: Guidance — Fiscal 2024 Outlook

    Guidance — Fiscal 2024 Outlook AV is Poised for Organic Double-digit Growth in FY24 Expected % Change As of 9/5/2023 Fiscal Year 2023 Results FY24 Guidance (to midpoint) Revenue $541 million $645 million - $675 million 22% Net Income/(Loss) ($176 million) $51 million – $59 million --- Adjusted EBITD

  10. Slide 10: Commitment to Shareholder Value Creation

    Commitment to Shareholder Value Creation Record backlog and Inflection point of Business fundamentals increasing demand for new growth phase, are strong, positioning portfolio of intelligent multi- allows for more AV well for significant domain robotic solutions, meaningful returns expansion and val

  11. Slide 11: Appendix

    APPENDIX 052620 Slide 11 2020 AeroVironment, Inc. – Proprietary Information © 2023

  12. Slide 12: Accelerating Adoption and Implementation of AI and Autonomy Through Acquisition of Tomahawk Robotics

    Accelerating Adoption and Implementation of AI and Autonomy Through Acquisition of Tomahawk Robotics AI-enabled technology allows warfighters Opens up opportunities to expand into key to simultaneously operate various adjacent markets, including Fire Control, Brings additional first-class software c

  13. Slide 13: AV’s Advanced Capabilities

    AV’s Advanced Capabilities AUTONOMOUS OPERATION AUTONOMOUS SEARCH AUTONOMOUS SURVEY 3D MAPPING DETECT/IDENTIFY/FOLLOW SIMULTANEOUS COORDINATION BETWEEN MULTIPLE PLATFORMS Slide 13 | © 2023 AeroVironment, Inc.

  14. Slide 14: Product Scenarios: UMS LMS MW

    Product Scenarios UMS LMS MW Slide 14 | © 2023 AeroVironment, Inc.

  15. Slide 15: Financial Tables

    FINANCIAL TABLES Slide 15 | © 2023 AeroVironment, Inc.

  16. Slide 16: Appendix A

    APPENDIX A RECONCILIATION OF FISCAL YEAR 2024 NON-GAAP DILUTED EARNINGS PER SHARE EXPECTATIONS (UNAUDITED) Slide 16 | © 2023 AeroVironment, Inc.

  17. Slide 17: Appendix B

    APPENDIX B GAAP TO NON-GAAP RECONCILIATION OF ADJUSTED EBITDA Slide 17 | © 2023 AeroVironment, Inc.

  18. Slide 18: Appendix C

    APPENDIX C GAAP TO NON-GAAP RECONCILIATION OF ADJUSTED GROSS MARGIN Slide 18 | © 2023 AeroVironment, Inc.

  19. Slide 19: Appendix D

    APPENDIX D GAAP TO NON-GAAP EPS RECONCILIATION TABLE Slide 19 | © 2023 AeroVironment, Inc.

AeroVironment — Baird Global Industrials Conference 2023 on 6ix