Cpi Aerostructures, Inc. · AMEX:CVU
Cpi Aerostructures — Canaccord Genuity 41st Annual Growth Conference (August 2021)
14 slides from Cpi Aerostructures's conference presentation, Aug 10, 2021
Slide 1: Expertise in Aerospace Technologies
1 © 2021 CPI Aerostructures, Inc. Expertise in Aerospace Technologies Canaccord Genuity 41st Annual Growth Conference Douglas McCrosson , President & Chief Executive Officer August 2021
Slide 2: Disclosure Statements
2 © 2021 CPI Aerostructures, Inc. Disclosure Statements This presentation contains forward - looking statements that are based on current expectations of management and certain assumptions that are subject to risks and uncertainties . There can be no assurance that such risks and uncertainties will
Slide 3: Update on Restatement of 2020 Financial Statements
3 © 2021 CPI Aerostructures, Inc. Update on Restatement of 2020 Financial Statements Below is an update on the Company’s restatement of its 2020 financial statements : • The Company has identified the causes of inventory costing errors, and correct inventory values for each quarter since 4 Q 2019 ha
Slide 4: Company Snapshot
4 © 2021 CPI Aerostructures, Inc. Company Snapshot Manufacturer of aerospace structural assemblies and integrated systems for the defense and commercial markets Welded Tubes & Oil Tanks MRO Kitting & Supply Chain EW / ISR Pods Engine Inlet Assemblies Wing Structures 2020 Revenue $ 87.6M YE 12/2020 T
Slide 5: Key Investment Highlights
5 © 2021 CPI Aerostructures, Inc. Successful Execution of Defense - Centric Strategy built High Quality Backlog Focused on National Security Funding Priorities Experienced Management Team and Strong Board of Directors Well positioned for higher revenue, improved profitability and cash flow in 2021 K
Slide 6: Broad Array of Programs
6 © 2021 CPI Aerostructures, Inc. Broad Array of Programs Wings Inlets / Nacelles • Boeing A - 10 • Unspecified Missile • Gulfstream G650/G700 • Embraer Phenom 300 • Bell AH - 1Z Viper • Sikorsky UH - 60 MRO Misc Structures • Sikorsky UH - 60 Stabilators • Sikorsky MH - 53 Tow Hooks • Sikorsky UH -
Slide 7: Durable Relationships with Defense Customers
7 © 2021 CPI Aerostructures, Inc. Durable Relationships with Defense Customers Tier 1 to: Prime to: CPI AERO is Recognized as a Reliable and Responsive Supply Chain Partner
Slide 8: Successful Execution of Defense-Centric Strategy
8 © 2021 CPI Aerostructures, Inc. Successful Execution of Defense - Centric Strategy $ Undisclosed Contract Award Lockheed Martin F - 35 Lighting II Lock Assemblies $8.0M Order Sikorsky UH - 60 Black Hawk Helicopters HIRSS Module Assemblies $1.0M Order Unidentified Pod Structural Housings $12.5M Ord
Slide 9: High Quality Backlog
9 © 2021 CPI Aerostructures, Inc. High Quality Backlog Consolidated Backlog at 12/31/2020: $476.2 Million; Defense Backlog: $456.0 Million $456.8 $19.4 Total Backlog $476.2 Backlog includes both funded orders and the estimated amount of future orders under the expected duration of the program. $169.
Slide 10: Multi-Year Contracts Offer Attractive Opportunities for Growth
10 © 2021 CPI Aerostructures, Inc. MH - 60 Seahawk MRO F - 16V Structural Assemblies UH - 60 HIRSS Module Assem . Next Generation Jammer Mid Band Pod ‘08 ‘09 ’10 ’11 ’12 ’13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ’ 25 Multi - Year Contracts Offers Attractive Opportunities for Growth F - 35 Driv
Slide 11: Near-Term Priorities
11 © 2021 CPI Aerostructures, Inc. Near - Term Priorities Compressing the cash cycle Improving working capital management Expect ramping up newer defense programs will improve fixed cost absorption Improve buying leverage with suppliers Operating leverage on normalized SG&A and rising revenue Apply
Slide 12: Future Opportunities
12 © 2021 CPI Aerostructures, Inc. Future Opportunities EW/ ISR Pods Space Hypersonics Unmanned Aerial Systems
Slide 13: Conclusion
13 © 2021 CPI Aerostructures, Inc. Conclusion Stable, near - term business with meaningful, long - term growth opportunities Durable relationships with Top Tier 1 OEM aerospace customers Defense market strategy yielding multi - year contracts aligned with DoD spending priorities Positions CPI Aero f
Slide 14: Investor Relations Counsel
14 © 2021 CPI Aerostructures, Inc. Investor Relations Counsel Jody Burfening, LHA Investor Relations (212) 838 - 3777 cpiaero@lhai.com LHA Investor Relations | 800 3 rd Avenue, New York, NY 10022 | (212) 838 - 3777 https://www. https://www.facebook.com/CPIAero @CPIAero https:// https://twitter.com/C
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