Elbit Systems Ltd · TASE:ESLT
Elbit Systems — Investor Presentation (August 2021)
21 slides from Elbit Systems's investor presentation, August 2021
Slide 1: Investor Overview
Investor Overview August 2021
Slide 2: Disclaimer
Disclaimer This presentation, reference to which herein includes information that may be provided by Elbit Systems Ltd. (collectively with any or all of its subsidiaries, the “Company” or "Elbit") orally or in writing in connection therewith, is provided for general information only, and should not
Slide 3: Elbit Systems | A Highly Innovative Global Defense Company
Elbit Systems | A Highly Innovative Global Defense Company Internationally diversified Broad range of market Significant investment Large backlog presence and client base leading products & in R&D to generatemarket provides good visibility technologies aligned with leading IP customer priorities Int
Slide 4: Elbit Systems at a glance
Elbit Systems at a glance ~$6bn Market cap - NASDAQ & TASE listed O U R V I S I O N $13.6 bn order backlog at Q2 21 To be a world-leading source $4.9 bn revenues in LTM to Q2 21 of innovative, ~18,000 employees technology-based systems Headquarters in Haifa, Israel for diverse defense and civilian a
Slide 5: Geographically balanced customer portfolio
Geographically balanced customer portfolio Other LATAM 3% 3% Our North America DIVERSE APAC 22% 32% CLIENT BASE LTM reduces exposure to defense Sales by geography budget fluctuations in a single country or geographic region Europe 17% Israel 23% 5 2021 © Elbit Systems | Elbit Systems Proprietary
Slide 6: Israel’s largest defense company
Israel’s largest defense company Maintaining Israel’s technological edge Operational imperative to develop and deploy Elbit Systems develops innovative solutions quickly and effectively supplies and maintains advanced technological solutions for the Israel Access to high quality talent pool with sig
Slide 7: Broad global footprint
Broad global footprint Elbit’s global geographical presence supports revenue growth through the cycle and reduces risk 7 2021 © Elbit Systems | Elbit Systems Proprietary * Elbit Systems has subsidiaries, facilities and representative offices in additional countries and locations
Slide 8: The U.S. is our largest market
The U.S. is our largest market F-35 T-7A F-18 F-35 HMD V-22 JDAM CLRF-IC F-15 F-16 $1,501M ENVG-B $844M AH-64 JHMCS II $189M U.S. Sales 1990 2000 2010 2020 8 2021 © Elbit Systems | Elbit Systems Proprietary
Slide 9: We provide advanced innovative capabilities for defense and commercial customers
We provide advanced innovative capabilities for defense and commercial customers ■ Military and Commercial Avionics ■ Electronic Warfare ■ Underwater Warfare ■ Homeland Security ■ Night Vision Systems ■ Soldier Systems ■ Laser Designators ■ Indirect Fires ■ Precision Guided Munitions More than 3,000
Slide 10: Sustained R&D investment and technology development…
Sustained R&D investment and technology development… Robotics Training & Simulation Active Protection Systems Lasers Avionics 9% of sales in R&D* Artificial Intelligence Autonomous Systems Precision Guided Munitions Electro-Optics * ~8% self funded and ~1% customer funded R&D in 2020 10 2021 © Elbit
Slide 11: Elbit Systems is a top three global player
..to develop and maintain market leading positions Elbit Systems DIRCM Helicopter & Fixed-Wing HMD Electronic Warfare is a top three global player in multiple markets Laser Systems Command and Control Imaging Systems including: Active Protection Systems Tactical Radios Artillery Systems 11 2021 © El
Slide 12: Areas of operations
Areas of operations Others Electro-Optics 4% 9% AIR & SPACE LAND NAVAL Airborne 36% LTM Land revenue 25% split HOMELAND SECURITY CYBER UNMANNED Broad product portfolio provides solutions to multiple domains and COMMERCIAL markets C4ISR 26% 12 2021 © Elbit Systems | Elbit Systems Proprietary
Slide 13: Business Lines
Business Lines Airborne Helicopter & Fixed- Avionics & Aircraft Electronic Training & Systems Wing HMD Upgrades Warfare Simulation Unmanned Command Advanced Systems for Naval and C4ISR & Control Systems Comm’s & Networks, Maritime Intelligence Operations Combat Unmanned Active Artillery Land Vehicle
Slide 14: Value creating M&A | Major acquisitions
Value creating M&A | Major acquisitions ELOP ELISRA SOLTAM IMI HNV Electro Optics EW & SIGINT Artillery Land Systems & Night Vision Munitions 01 02 03 04 06 07 08 09 11 12 13 14 16 17 18 19 21 2000 2005 2010 2015 2020 TADIRAN NICE CYBER & INTEL. UNIVERSAL SPARTON Communications & C4I Cyber Commercia
Slide 15: Corporate Responsibility | Environmental - Social - Governance
Corporate Responsibility | Environmental - Social - Governance Caring for our communities ■ We promote technological education around the world, especially among female students and youth from challenging backgrounds ■ 5,100 of our employees volunteered in their communities in 2020, supporting the l
Slide 16: Revenues & backlog | Growth through the cycle
Revenues & backlog | Growth through the cycle 12,000 11,000 11,024 10,000 10,029 9,000 9,399 8,000 7,000 7,561 6,909 6,000 6,564 6,265 5,683 5,822 5,000 5,446 5,528 4,000 4,508 4,663 3,684 3,000 3,260 3,378 2,925 2,958 3,108 2,818 2,889 2,000 2,670 1,000 0 2010 2011 2012 2013 2014 2015 2016 2017 201
Slide 17: Historic Financials
Historic Financials Six Months Ended June 30 2017 2018 2019 2020 6M 20 6M 21 Sales ($M) 3,378 3,684 4,508 4,663 2,151 2,421 Non-GAAP Op. Profit ($M) 353.0 340.7 379.7 390.1 183.1 207.9 Non-GAAP Op. Margin (%) 10.5% 9.2% 8.4% 8.4% 8.5% 8.6% GAAP Op. Profit ($M) 324.4 292.8 321.6 325.7 197.5 201.0 GAA
Slide 18: Appendix: Non-GAAP Financial Data
Appendix Non-GAAP Financial Data Non-GAAP financial data is presented to enable investors to have additional information on our business performance as well as a further basis for periodical comparisons and trends relating to our financial results. We believe such data provides useful information to
Slide 19: Reconciliation of GAAP to Non-GAAP Supplemental Financial Data
Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data: (US Dollars in millions, except for share and per share amount) Six Months Ended June Year ended December 31, 30, 2017 2018 2019 2020 2020 2021 GAAP gross profit 1,003.1 976.2 1,136.5 1,165.1 569.9 620.5 Adjustments: Amortiz
Slide 20: Reconciliation of GAAP to Non-GAAP Supplemental Financial Data
Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data: (US Dollars in millions, except for share and per share amount) Six Months Ended June Year ended December 31, 30, 2017 2018 2019 2020 2020 2021 GAAP net income attributable to Elbit Systems’ shareholders 239.1 206.7 227.9 23
Slide 21: Thank You
THANK YOU INVESTOR CONTACTS Joseph Gaspar, Executive VP & CFO Tel: +972-772946663 | j.gaspar@elbitsystems.com Rami Myerson, Investor Relations Director Tel: +972-772948984 | rami.myerson@elbitsystems.com elbitsystems.com