Slide 1: Form 6-K Report of Foreign Private Issuer
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 TAT TECHNOLOGIES LTD. (Name of Registrant) Hamelacha 5, Netanya 4250407 Israel (Address of Prin
Slide 2: Explanatory Note and Disclaimer
TAT Technologies Ltd. Explanatory Note TAT Technologies Ltd. (the "Company") hereby furnishes its investors presentation, which is attached to this Form 6-K as Exhibit 99.1 Disclaimer The information contained herein is only a summary, does not exhaust all the information about the Company and its O
Slide 3: Exhibit Index
Exhibit Index This Report on Form 6-K of TAT Technologies Ltd. consists of the following document, which is attached hereto and incorporated by reference herein: Exhibit 99.1 Investor Presentation 3
Slide 4: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. TAT TECHNOLOGIES LTD. (Registrant) By: /s/ Ehud Ben-Yair Ehud Ben-Yair Chief Financial Officer Date: May 2
Slide 5: TAT Technologies Investor's Presentation May 2024
TAT> INVESTOR’S Technologies Pp R E S EB N TAT | @) N May 2024
Slide 6: 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 7: First Quarter 2024 Results key indicators
D First Quarter 2024 Results key indicators Inks ates at 2003 varanee Revenues 34,088 25,217 8,871- 35% Gross profits 7,066 4,259 2,807 - 66% Gross Margin 20.7% 16.9% 3.8bp Adj. EBITDA 3,677 2,079 1,598 -77% EBITDA Margin 10.8% 8.6% 2.2bp Net Income/ (loss) 2,110 658 1,452 — 220% Improvement in all
Slide 8: Upward Trend in Revenue and EBITDA Started in Q4/22
] UPWARD TREND IN REVENUE AND EBITDA STARTED IN Q4/22 Revenues & EBITDA (o00's) 35,000 4,500 4,000 30,000 3,500 25,000 3,000 20,977 19,954 ue 20,000 2,500 15,000 2,000 1,500 10,000 1,000 5,000 500 0 0 Ql-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 @imRevenues ——EBITDA A INVESTOR'S PRESENTATIO
Slide 9: Revenues and Profit
] Revenues and Profit TATP&L (000s) Q1-23 © Q2-23 «= Q3-28 Revenues 25,217 26,804 29,935 Gross Profit 4,259 5,426 5,814 Operating income 948 1,531 1,759 Net Profit 658 1,475 2,151 EPS (diluted, $) 0.074 0.17 0.24 EBITDA 2,079 2,580 3,009 INVESTOR'S PRESENTATION - May 2024 Q1-24 34,088 7,066 2,208 2,
Slide 10: Experience and Expertise
EXPERIENCE AND EXPERTISE Over 7 decades in defense and commercial aviation DECADES OF EXCELLENCE In MRO for Honeywell APU, Safran and Liebherr landing gears , and thermal components MRO ] TAT UNIQUE PROPOSITION THERMAL SOLUTION Over 60 years of design, production and repair of heat transfer solution
Slide 11: Key Strategic Product Segments
] KEY STRATEGIC PRODUCT SEGMENTS APU-HONEYWELL AUTHORIZED MRO KAN BINS G EARS THERMAL SYSTEMS & LIEBHERR & SAFRAN COMPONENTS OEM AUTHORIZED MRO AND MRO INVESTOR'S PRESENTATION - May 2024
Slide 12: Top Management
TOP MANAGEMENT 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 Defense Intelligence and Commander of the IDF Ground Forces Command. Re
Slide 13: Global Presence
GLOBAL PRESENCE GREENSBORO, NORTH CAROLINA i°) FULL OWNERSHIP Q PARTIAL OWNERSHIP / COLLABORATION MRO TULSA, OKLAHOMA POWER & ACTUATION SOLUTIONS ——————— OEM & MRO THERMAL MANAGEMENT CHARLOTTE, NORTH CAROLINA GROUP OFFICE SOLUTIONS KIRYAT GAT, ISRAEL OEM & MRO THERMAL MANAGEMENT AND POWER & ACTUATIO
Slide 14: Strategic Shift — Key Elements 2020 - 2024
] STRATEGIC SHIFT — KEY ELEMENTS 2020 - 2024 STRONG MRO PARTNERSHIP WITH HONEYWELL for certifications and part costs on the new APU models (LTAs over S90M) ESTABLISHED STRONG PRESENCE IN APU LEASING AND PARTS TRADING (10 years exclusive contract with Honeywell) Technologies PARTNERSHIP WITH GULFSTRE
Slide 15: Strategic Shift Timeline - Started in 2020
D STRATEGICSHIFTSTIMELINE- STARTED IN 2020 2020 2021 2022 2023 2024 @) @) @ @ ORGANIZATION STRUCTURE CHANGE LEASING AND TRADING BUSINESS UNIT (@) PRIVATE JETS LANDING GEAR MRO 3 HONEYWELL APU STRATEGIC AGREEMENTS ~ 2 —__# —_*# e—__?_¢_¢ VV e> FIRST - APU 331-500 APU131 131 A/B SUICENSE LICENSE LICEN
Slide 16: Honeywell Strategic Agreements During 2020-21
| HONEYWELL STRATEGIC AGREEMENTS DURING 2020-21 18 ENGINES PURCHASED AS HONEYWELL MRO FOR B757/767,C17 APU EXCLUSIVE ENGINE BANK FOR APU B777. 1,500 AIRCRAFTS SIGNED CURRENTLY 1,600 AIRCRAFTS AND PRODUCTION SIGNED 10 years agreement 09/2020 IS ONGOING. 12/2020 Estimated annual market size of $85M 10
Slide 17: Honeywell Strategic Deals Potential
] HONEYWELL STRATEGIC DEALS POTENTIAL CURRENT TAT'S MARKET SHARE ENGINE PLATFORM YEARLY CURRENT POTENTIAL MARKET SIZE MARKET SHARE FOR THE COMING YEARS 331-20X B767,B757, C17 $85M 29% 53% / 331-500 B777 $145M NONE 10% / 131 B737, A319-21 $1,000M NONE 5% / INVESTOR'S PRESENTATION - May 2024
Slide 18: Revenue and EBITDA Growth Engines for 2024-2025
SEVERAL STRONG PILLARS WILL SUPPORT THE GROWTH IN REVENUE AND EBITDA: ] REVENUE AND EBITDA GROWTH ENGINES FOR 2024-2025 Strong demand for products and services as the industry is ramping out of COVID- strong backlog coverage for 2024-2025 | Strong growth in APU331-200 for 2024 and 2025 Growth fromAP
Slide 19: New Technologies: Long-term Growth Potential
] NEW TECHNOLOGIES: LONG-TERM GROWTH POTENTIAL THERMAL SYSTEMS FOR ELECTRICAL AIRCRAFT AND AUTONOMOUS AIRCRAFTS ADDITIVE MANUFACTURING AND 3D PRINTING INVESTOR'S PRESENTATION - May 2024 CONFORMAL HEAT EXCHANGERS AND OIL COOLERS FOR ENGINES TAT= Technologies
Slide 20: Latest Investor News
TAT Signs anew $50M contract with a major airline pacer, ~ TAT completed a private placement to Israeli investors December 28, 2023 Read more ] LATEST INVESTOR NEWS “he ~ TAT signs a TAT signsa five TAT received first TAT Signed anew contract years contract APU331-500 order $7.5M contract expansion
Slide 21: Appendices and Services
APPENDICES inci AND~ ~ SERVICES iy al
Slide 22: We Keep Our Customers Flying
y WE KEEP OUR CUSTOMERS FLYING MORE THAN 300 CUSTOMERS WORKING WITH MORE THAN ~ ; ee ae 50 MAJOR AIRLINES Mint —nitenaasgei> eg SE ne! lf y 5 LARGEST CUSTOMERS, T A PRESENT 27% OF REVENUE Us “ ete x P é rs — i! 5 ot: —la a
Slide 23: We Keep Our Customers Flying
] WE KEEP OUR CUSTOMERS FLYING HRI CHPNAP ST ‘BHARATELECTRONCS my, i + LOCKHEED MARTIN Raytheon FedEx Express =PILATUS> Cul “e Collins Aerospace BOMBARDIER Q scene MARVIN'© Darker LIEBHERR @ @ ¥ US. AIRFORCE american - cargolux aires © Lufthansa INVESTOR'S PRESENTATION - May 2024 @ antoHos RAFAELQ T
Slide 24: Thermal Management
] THERMAL MANAGEMENT DESIGN, MANUFACTURE (OEM) AND MRO SERVICES FOR THERMAL MANAGEMENT SOLUTIONS HEAT EXCHANGERS COLD PLATES OIL COOLERS ELECTRONIC DEVICES FUEL SUBMERGED HX ECU COOLING SYSTEM INVESTOR'S PRESENTATION - May 2024
Slide 25: Thermal Management Solutions
] THERMAL MANAGEMENT SOLUTIONS ENVIRONMENTAL GALLEY: CONTROL SYSTEM: AIR CHILLERS PRECOOLERS APU: CONDENSERS POWER ELECTRONICS: AIR-COOLED REHEATERS COLD PLATES (PAO) OIL COOLERS LIQUID-COOLED HEAT CONFORMAL EXCHANGERS AIR-COOLED OIL COOLERS Pg | __© ~ id TOOL MOM TY YT WP ge ee = O ? . 6 ] — POWER
Slide 26: Power and Actuation
] POWER AND ACTUATION DESIGN, MANUFACTURING AND MRO SERVICES FOR 5 POWER AND ACTUATION i 2 SOLUTIONS er Ss APU LANDING GEARS FUEL SYSTEM ACCESSORIES "1 ~~ A — | —EE ECS ACCESSORIES BLADES COOLING SYSTEMS PUMPS ACCESSORIES | ld TAT = 7
Slide 27: Financials
JL FINANCIALS fh, ‘A 7 7 _— Technologies
Slide 28: First Quarter 2024 Results key indicators
D First Quarter 2024 Results key indicators Inks ates at 2003 varanee Revenues 34,088 25,217 8,871- 35% Gross profits 7,066 4,259 2,807 - 66% Gross Margin 20.7% 16.9% 3.8bp Adj. EBITDA 3,677 2,079 1,598 -77% EBITDA Margin 10.8% 8.6% 2.2bp Net Income/ (loss) 2,110 658 1,452 — 220% Improvement in all
Slide 29: Upward Trend in Revenue and EBITDA Started in Q4/22
] UPWARD TREND IN REVENUE AND EBITDA STARTED IN Q4/22 35,000 20,000 19,954 20,775 Q2-22 Revenues & EBITDA (co0's) 20,977 Q3-22 Q4-22 Q1-23 Q2-23 M@mRevenues ——EBITDA INVESTOR'S PRESENTATION - May 2024 Q3-23 Q4-23 25 Qi-24
Slide 30: Revenues by Product
DB) Revenues by Product Revenues By Product (000'S) Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 YOY Heat Exchange 9,789 10,287 12,480 13,311 14,197 45% APU 6,832 7,228 8,231 9,152 9,171 34% Trading & Leasing 1,811 2,564 1,770 2,237 2,901 60% Accessories 1,830 1,890 1,686 1,440 2,870 57% Landing Gears 1,
Slide 31: Upward Trending Revenue
] UPWARD TRENDING REVENUE ReEVenue ov0s) i 955 I 775 I = 2022 22,849 9 yor 3% 34,088 31,836 29,935 25,217 26,804 2023 40,000 35,000 30,000 25,000 20,000 15,000 10,000 _ TAT= 7 Technologies
Slide 32: Improve Profit and Margins
] Improve Profit and Margins Gross Profit & Margins (cos) * Q4-22 include Grants 15.3% 3,046 Qi 19.4% 4,032 16.4% ] 2022 Q3 yo 23.7% 20.2% 19.4% 5,416 5,426 oat 16.9% 4,259 hil 2023 INVESTOR'S PRESENTATION - May 2024 yor 21.9% 6,967 Q4 20.7% 7,066 Qi 2024 28 10,000 9,000 8,000 7,000 6,000 5,000 4,00
Slide 33: Operating Profit & Margins
* Q4-22 include Grants -1,493 Operating Profit & margins (oovs) 5.7% 5% 1,531 5 1,151 . rt if | *Q | 2023 -925 INVESTOR'S PRESENTATION - May 2024 Qi 2024 29 TAT= Technologies
Slide 34: Net Income
Net Income (coos) 3,500 2,500 1,475 1,500 658 485 387 500 a 8 o ail o B@ sa a @2@ @ ow a 500 -132 -355 2022 2023 2024 -1,561 * Q4-22 include Grants A INVESTOR'S PRESENTATION - May 2024 | | —_ y 30 _ Technologies
Slide 35: Back-log
D Back-log During the period TAT was awarded contracts of over 40M$ LTA & Orders (Ms) 400 406 412 400 350 300 257 250 222 (214 wen Ge 185 185 150 100 50 0 2020 ©2021 2016 = =2017 2018 + =8=2019 2022 2023 2024Q1 Q1-2024 LTA & Orders INVESTOR'S PRESENTATION - May 2024
Slide 36: Business Breakdown Q1-2024
D BUSINESS BREAKDOWN Q1-2024 Geographic Breakdown OEM Vs. MRO Commercial Vs. Military Other APAC(without China) 196 Commercial , 79% 2 TAT=> INVESTOR'S PRESENTATION - May 2024 Technologies
Slide 37: TAT Technologies Multiples
D TAT Technologies (NASDAQ:TATT) Multiples 33 23 8.19 6.88 9.19 677 12.1 ‘3.77 Qi\23 Q2\23 Q3\23 Q4\23 ——Avg. share price ====EV/EBITDA INVESTOR'S PRESENTATION - May 2024 EBITDA Q1\24 4,000 3,800 3,600 3,400 3,200 3,000 2,800 2,600 2,400 2,200 2,000 TAT=> Technologies
Slide 38: Thank You