Heico Corporation · NYSE:HEI
Heico — Investor Presentation (2021)
23 slides from Heico's investor presentation, 2021
Slide 1: Investor Presentation
HEICO Investor Presentation
Slide 2: About HEICO
About HEICO HEICD HEICO Corporation is a rapidly growing aviation, aerospace, defense and electronics company which is focused on niche markets, highly engineered and reliable products and the generation of strong cash flow. Founded in 1957, HEICO has been in business over 60 years with the curren
Slide 3: Update on COVID-19
Update on COVID-19 HEICD HEICO implemented Team Member safety programs early to address COVID-19’s impact on our people and operations. Nearly all subsidiaries considered “essential businesses” and required thoughtful + practical protocols for safe operation. Current State of Affairs: Improving gl
Slide 4: About HEICO: We believe...
About HEICO HEICD We believe ... "The Customer is the most important person in any business." "Customers are not dependent on us. We ~ dependent on them." "Customers are not an interruption of our work. They are the purpose of it." "Customers do us a favor when they come in . We are not doing them a
Slide 5: HEICO's Expanding Products and Services
HEICO’s Expanding Products and Services HEICD Consistent High Organic and Acquired Growth by Adhering to Key Principles Cash generation is paramount Focus on long term sustainable growth (organic + acquired) Maintain and promote HEICO’s unique culture - entrepreneurial spirit Maintain a flat
Slide 6: HEICO's Global Presence
HEICO’s Global Presence HEICD We have over 5,500 Team Members operating in facilities throughout the United States (23 states) and 13 other countries in North America, Europe, the Middle East, and Asia. __, ,, ta ' 6
Slide 7: Operating Performance Trends
Operating Performance Trends HEICD Net Revenue increased from $26 million in 1990 to $1.8 billion in 2020 Operating Income increased from $2 million in 1990 to $376.6 million in 2020 Net Income increased from $2 million in 1990 to $314.0 million in 2020 Net Revenue Operating Income Net Income
Slide 8: Compounding Cash Flows
Compounding Cash Flows HEICD EBITDA increased from $4 million in 1990 to a strong $466.6 million in 2020 Operating Cash Flow increased from $2 million in 1990 to a strong $409.1 million in 2020 Cumulative Free Cash Flow has compounded from $1 million in 1990 to $2.7 billion in 2020 EBITDA Oper
Slide 9: Operating In Two Business Segments
Operating In Two Business Segments HEICD HEICD CORPORATION (NYSE: HEI.A & HEI) FLIGHT SUPPORT GROUP ELECTRONIC TECHNOLOGIES GROUP Revenue Operating Income Customer Market Defense 38% Electronic Electronic Flight Support Technologies Technologies Group Group Group Flight Support $924.8 M $862.2 M ~64
Slide 10: Flight Support Group (FSG)
Flight Support Group (FSG) Designs, Manufactures, Repairs, Overhauls and Distributes Jet Engine and Aircraft Component Replacement Parts. PMA Management Programs HEICO Manufacturing Corporation Component MRO DER Repair Flight Support Asset & Repair Management Distribution and Military Su
Slide 11: FSG - Parts Group
FSG - Parts Group HEICO Repair Group is the largest independent component MRO and Asset Management Services provider in the world. Our success is a result of our teams ability to fully understand our customers’ requirements, delivering the optimal solution for their needs. HEICO Repair Group is reco
Slide 12: FSG - Repair Group
FSG - Repair Group Flight Support Repair Group Accessories HEICO Repair Group is one of the largest independent component MRO and Asset Management Services providers in the world. Our success is a result of our team’s ability to fully understand our customers’ requirements, delivering the optimal so
Slide 13: FSG - Distribution
FSG - Distribution HEICD - - - - - - - - - - - - - -_-_-_-_-_-_-_-_-_-_-_-_-_-_-_-_.=-- blue aerospace SEAL DYNAMICS Air Cost ,•.-•.--«e••j-,-.,• Control .. r,,,-.·1 , .. ., ...... . Forefront of technical sales and the distribution of aerospace Flight Support components Strategic partnerships w
Slide 14: HEICO's Extensive PMA Parts (11,500+) and DERs
HEICO’s Extensive PMA Parts (11,500+) and DERs Supporting Broad Customer Needs in the Aviation Industry HEICD Wing Cockpit/Avionics • Flight Controls • INUs, IRUs • Actuation Systems • Display Units • Guides Components • DGAs • Electro-Mechanical • Instruments • Hydraulic Pumps • Autopilots • ACMs,
Slide 15: A Global Network of Customers (Partial List)
A Global Network of Customers (Partial List) HEICD American Airlines®8 LufthansaTechnik A DELTA fi) Raytheon e ~ pj AI R MACAU 11....1' l!l! l"I AA ~ LOCKHEED M A R T I ~ BRITISH AIRWAYS :;> N RAL DYNAMIC ...... - - Copa ~ I ,.. United SP~ CE _x--- Airlines liiE!I IBERIA_1 KLM Technologies LAN South
Slide 16: Electronic Technologies Group (ETG)
Electronic Technologies Group (ETG) HEICD Designs and Manufactures Electronic, Microwave and Electro-Optical Equipment, High-Speed Interface Products, High Voltage Interconnection Devices and High Voltage Advanced Power Electronics. Niche High Tech Solutions Commercial & Military Aircraft Electron
Slide 17: ETG - Strategy
ETG - Strategy HEICD Used in several Used in several Used platformsin platformsseveral andand platforms industries industries and industries Niche Products at Subcomponent Level Found on Multiple Platforms in Multiple Industries: Aerospace & Defense, Homeland Security, Space, Medical and Other M
Slide 18: Electronic Technologies Group Products
Electronic Technologies Group Products HEICD Electro‐Optical Data & Microwave Electrical ► IR Blackbodies ► High Speed+ Bandwidth Digital ► Aircraft Emergency Backup ► IR Test Equipment Camera Interfaces Power Supplies ► IR Dynamic Scene Generators ► Microwave Bias-Tees, Couplers, ► Aircraft/Marine
Slide 19: HEICO Programs – Aircraft (Commercial and Military)
HEICO Programs – Aircraft (Commercial and Military) HEICD ► Airbus A320 series, A330, A340, A380 ► Boeing 737NG, 747, 757, 767, 777, 787 ► B-52, E3 Sentry, P-8 ► Bombardier Challenger CRJ, Global Express ► Cessna Citation, Latitude, Mustang, Sovereign ► Dassault Falcon F7X ► Embraer Phenom 300, Lega
Slide 20: HEICO Programs – Spacecraft
HEICO Programs – Spacecraft HEICD ► NextGen GPS ► GPS III ► Wideband Global SATCOM--ViaSat-2 ► SMAP, SWOT, NISAR, Raincube - JPL ► Amazonas-5, Bulgariasat, Intelsat36, Asiasat 9, Echosat XXIII, BriSat, JCSAT-16, Hispasat 1F, PSN-VI, P-45, StarOne D1 ► Orbital AL Yah 3, Orbital Hylas 4 ► QZSS ► Mars
Slide 21: HEICO Programs – Defense
HEICO Programs – Defense HEICD ► Patriot PAC-2 & 3 Missiles ► THAAD Missile Defense System ► SPQ-9B Shipboard ► Air Missile Defense Radar ► Long Range Discrimination Radar ► Spy Radar System ► Man-Pack ► Mobile Universal Battery Charger ► Land Mobile Radio System ► Night Vision Armament ► Space Fenc
Slide 22: ETG – Major Direct Customers (Partial List)
ETG – Major Direct Customers (Partial List) HEICD + t:ENERAL ATOMICS AERONAUTI~ sooe.f!!} PHILIPS •Trimble. § Nucletron BAE SYSTEMS 22
Slide 23: Thank You For Your Interest
Thank You For Your Interest HEICD Forward Looking Statements - Certain matters discussed in this presentation include forward-looking statements, which are subject to risks, uncertainties and contingencies. The Company’s actual results may differ materially from those expressed in or implied by thos