Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Merger or Acquisition (November 2024)
23 slides from Aerovironment's merger presentation, Nov 19, 2024
Slide 1: Creating a Premier Defense Technology Prime
Slide 0 © 2024 AeroVironment, Inc. – Proprietary Information AEROVIRONMENT // NOVEMBER 2024 AEROVIRONMENT CREATING A PREMIER DEFENSE TECHNOLOGY PRIME
Slide 2: Safe Harbor Statement
Slide 1 © 2024 AeroVironment, Inc. – Proprietary Information SAFE HARBOR STATEMENT Statement Regarding Forward-Looking Statements This presentation contains statements regarding the Company, BlueHalo, the proposed transactions and other matters that are forward-looking statements within the meaning
Slide 3: Safe Harbor Statement
Slide 2 © 2024 AeroVironment, Inc. – Proprietary Information SAFE HARBOR STATEMENT These statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated in these statements as a result of a number of factors, including, but not limited to: the r
Slide 4: Safe Harbor Statement: No Offer or Solicitation
Slide 3 © 2024 AeroVironment, Inc. – Proprietary Information SAFE HARBOR STATEMENT No Offer or Solicitation This presentation is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securiti
Slide 5: Transaction Overview
Slide 4 © 2024 AeroVironment, Inc. – Proprietary Information Transaction Overview ▪ AeroVironment to acquire BlueHalo in all stock transaction ▪ AVAV shareholders to own 60.5% and BlueHalo shareholders to own 39.5% of the combined company(1) ▪ Implied Enterprise Value of ~$4.1B(2), inclusive of Blue
Slide 6: Combination Advances Strategy and Accelerates Progress
Slide 5 © 2024 AeroVironment, Inc. – Proprietary Information Combination Advances Strategy and Accelerates Progress AV Strategy Build portfolio of leading-edge solutions utilizing strengths in Uncrewed Systems, Loitering Munitions and AI / autonomy enabling software Portfolio of Mission Critical Cap
Slide 7: BlueHalo: Next Generation Defense Technology Prime
Slide 6 © 2024 AeroVironment, Inc. – Proprietary Information : Next Generation Defense Technology Prime $900M+ CY2024E Revenue(1) ~2,400 EMPLOYEES 33 FACILITIES Space Technologies Advanced solutions, technologies and effects for space; ground-based systems for situational awareness, communications,
Slide 8: Seven Years of Uninterrupted Growth
Slide 7 © 2024 AeroVironment, Inc. – Proprietary Information AEROVIRONMENT TO ACQUIRE BLUEHALO $273M $346M $433M $539M $599M $655M $759M $889M CY16PF CY17PF CY18PF CY19PF CY20PF CY21PF CY22PF CY23PF : Seven Years of Uninterrupted Growth $2.5B+ Total Backlog as of Nov 1(1) $29B+ Total Pipeline as of
Slide 9: BlueHalo: Transforming Defense Technology
Slide 8 © 2024 AeroVironment, Inc. – Proprietary Information AEROVIRONMENT TO ACQUIRE BLUEHALO : Transforming Defense Technology Space Superiority Transitioning a classified space control system to LRIP 260+ space systems flown on-orbit Adaptive Phased Array Technology Redefining satellite operation
Slide 10: BlueHalo's AI-Powered, Mission Enabling Capabilities
Slide 9 © 2024 AeroVironment, Inc. – Proprietary Information ’s AI-Powered, Mission Enabling Capabilities AEROVIRONMENT TO ACQUIRE BLUEHALO Laser Communications and Space Payloads Orbital Warfare and Space Effects Space Domain Awareness C4ISR and Multi-Domain Operations Laser Weapons, Precision Poin
Slide 11: Strategically Aligned with Key DoD Priorities
Slide 10 © 2024 AeroVironment, Inc. – Proprietary Information Strategically Aligned with Key DoD Priorities Mission Areas UxS LMS MacCready Works Selected Products UxS UNCREWED SYSTEMS MW MACCREADY WORKS LMS LOITERING MUNITION SYSTEMS ST SPACE TECHNOLOGIES C-UAS COUNTER UAS EW&C ELECTRONIC WARFARE &
Slide 12: Generates 4x TAM Expansion into High-Growth Segments
Slide 11 © 2024 AeroVironment, Inc. – Proprietary Information $5B+ $7B+ $8B+ $16B+ $24B+ Loitering Munitions Uncrewed Systems C-UAS & Autonomous Systems Space Tech EW & Cyber MC / AI Generates 4x TAM Expansion into High-Growth Segments GLOBAL TAM Source: Renaissance Strategic Advisors. Innovating an
Slide 13: Creates a Leading Next Generation Defense Technology Prime
Slide 12 © 2024 AeroVironment, Inc. – Proprietary Information $159.1 $129.1 $79.9 $73.4 $47.7 $13.6 $11.6 ~$9.5 $9.0 $7.7 $5.7 $3.8 $2.3 RTX LMT G D NOC LHX CW BWXT AVAV + BH DRS HII AVAV KTOS MRCY (1) Creates A Leading Next Generation Defense Technology Prime Defense Tech Leader o Franchise positio
Slide 14: Defense Tech Pure Play Unique in the Public Markets
Slide 13 © 2024 AeroVironment, Inc. – Proprietary Information ($80bn) ($73bn) ($129bn) ($48bn) Defense Tech Pure Play Unique in the Public Markets FY 2025E YoY Revenue Growth (Consensus) >15% 11-15% 6-10% <5% <$5B $6-10B $11-15B >$16B Market Capitalization (as of 11/15/24) ($159bn) AEROVIRONMENT TO
Slide 15: Significant Benefits of the Combination
Slide 14 © 2024 AeroVironment, Inc. – Proprietary Information Significant Benefits of the Combination Franchise Wins on Large Complementary Programs Driving Growth o BlueHalo portfolio offers proven uninterrupted growth CAGR of ~18% for the last seven years(1) o Highly visible future growth trajecto
Slide 16: Creates a Pure-Play Global Leader in Defense Technology
Slide 15 © 2024 AeroVironment, Inc. – Proprietary Information Creates A Pure-Play Global Leader in Defense Technology For AeroVironment o Highly complementary portfolio of products, customers and capabilities in key defense technology markets o Adds franchise positions in critical technologies and m
Slide 17: Appendix
Slide 16 © 2024 AeroVironment, Inc. – Proprietary Information APPENDIX
Slide 18: Slide 17 © 2024 AeroVironment, Inc. – Proprietary Information
Slide 17 © 2024 AeroVironment, Inc. – Proprietary Information
Slide 19: Space Technologies Overview
Slide 18 © 2024 AeroVironment, Inc. – Proprietary Information Space Technologies Overview AEROVIRONMENT TO ACQUIRE BLUEHALO Key Products Space Qualified Hardware Lasercomm Panther Space ISR & Resiliency Badger Wasp Space Superiority Next Gen Space Operations Space Technologies Advanced Space Deliver
Slide 20: Slide 19 © 2024 AeroVironment, Inc. – Proprietary Information
Slide 19 © 2024 AeroVironment, Inc. – Proprietary Information
Slide 21: C-UAS Overview
Slide 20 © 2024 AeroVironment, Inc. – Proprietary Information Halo Swarm Locust FE-1 Vigilant Halo Titan C-UAS Skyview C-UAS Overview AEROVIRONMENT TO ACQUIRE BLUEHALO Key Products C-UAS Key Customers Directed Energy & Kinetic C-UAS RF C2 Tracking & Sensing Autonomous Systems Locust Laser Weapon Sys
Slide 22: EW Blueprint to come Monday
Slide 21 © 2024 AeroVironment, Inc. – Proprietary Information TBU EW Blueprint to come Monday
Slide 23: Electronic Warfare and Cyber Overview
Slide 22 © 2024 AeroVironment, Inc. – Proprietary Information LANShark 2 ATR Modular Payload SharkCage Tactical Chassis BlueFin Angler SDR Windjammer 2 Scraawl Lokiset Electronic Warfare Cyber & Mission Solutions SIGINT & MASINT OSINT Advancing tactical superiority with innovative RF solutions and o
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