Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Imperial Capital Advanced Manufacturing & Supply Chain Conference 2023
16 slides from Aerovironment's conference presentation, February 2023
Slide 1: AeroVironment, Inc. - Imperial Capital Conference
AEROVIRONMENT, INC. Imperial Capital Advanced Manufacturing & Supply Chain Conference Wahid Nawabi, CEO February 2023 221025 052620 Slide 1 2020 AeroVironment, Inc. – Proprietary Information © 2023
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements in this presentation may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imp
Slide 3: AeroVironment at-a-glance
AeroVironment at-a-glance Pureplay unmanned systems company providing air and ground vehicle solutions for defense and commercial markets Founded in 1971 Global footprint HQ in Arlington, VA with sales to ~1,300 employees more than 50 allied nations $2B+ enterprise value 221025 052620 Slide 3 2020 A
Slide 4: Our Vision: Leading global supplier of integrated multi-domain robotic solutions
Our Vision: To be the leading global supplier of integrated multi-domain robotic solutions 221025 052620 Slide 4 2020 AeroVironment, Inc. – Proprietary Information © 2023
Slide 5: Our Investment Outlook
Our Investment Outlook Near-term Long-term • Global leader in our markets • Targeting multi-billion $ market opportunities with Macro Defense • Most product lines are high growth potential expected to grow organically Environment, this fiscal year • Unmatched & broadest portfolio of unmanned positio
Slide 6: Segment Overview
Segment Overview SUAS Small Unmanned Aircraft Systems MUAS Medium Unmanned Aircraft Systems TMS Tactical Missile Systems HAPS High altitude Pseudo Satellites UGV Unmanned Ground Vehicles MW MacCready Works Advanced Solutions The dominant global A market leading Category innovator and Telecommunicati
Slide 7: Business Segments Support Mission-critical Applications
Business Segments Support Mission-critical Applications SEGMENT GLOBAL TAM OUTLOOK HIGHLIGHTS o Global Leader Position in Group 1– Over $2B of revenue over last 15 years o Adding Group 2 to Target Market SUAS $1B+ o Multiple New Product Introductions and Add-ons Growing o Well Positioned for Future
Slide 8: Guidance: Fiscal 2023 Outlook
Guidance: Fiscal 2023 Outlook AeroVironment is Poised for Organic Double-digit Growth in FY23 As of 4/30/2022 Fiscal Year 2022 Results FY23 Guidance Expected % Change (to midpoint) Revenue $446 million $505 million - $525 million 15% Net Income/(Loss) ($4 million) $8 million – $17 million --- Adjust
Slide 9: Financial Summary
FINANCIAL SUMMARY 221025 052620 Slide 9 2020 AeroVironment, Inc. – Proprietary Information © 2023
Slide 10: Revenue and Non-GAAP EPS (Continuing Ops)
Revenue and Non-GAAP EPS (Continuing Ops) $5151 $446 o Continued double digit revenue growth $395 $367 o FY22 organic growth $2.10 was negative as a result $314 $1.84 of supply chain issues and $268 reduced U.S. SUAS demand $1.48 $1.42 o FY22 Revenue growth came $1.25 as a result of acquisitions. $0
Slide 11: Adjusted EBITDA and EBITDA Margin
Adjusted EBITDA and EBITDA Margin $881 $79 o Historically strong $65 Adjusted EBITDA $62 Margins $57 o FY22 Adjusted EBITDA Margins impacted by $41 20% lower gross margins as 18% 18% 17% a result of mix shift to 15% lower margin service 14% revenues. o Also negatively impacted by higher operating ex
Slide 12: Product Scenarios
Product Scenarios SUAS MUAS TMS 221025 052620 Slide 12 2020 AeroVironment, Inc. – Proprietary Information © 2023
Slide 13: Financial Tables
FINANCIAL TABLES 221025 052620 Slide 13 2020 AeroVironment, Inc. – Proprietary Information © 2023
Slide 14: Appendix B – GAAP to Non-GAAP Reconciliation of Adjusted EBITDA
APPENDIX B – GAAP to NON-GAAP Reconciliation of Adjusted EBITDA 221025 052620 Slide 14 2020 AeroVironment, Inc. – Proprietary Information © 2023
Slide 15: Appendix C – GAAP to Non-GAAP Reconciliation of Adjusted Gross Margin
APPENDIX C – GAAP To NON-GAAP Reconciliation of Adjusted Gross Margin 221025 052620 Slide 15 2020 AeroVironment, Inc. – Proprietary Information © 2023
Slide 16: Appendix D – GAAP to Non-GAAP EPS Reconciliation Table
APPENDIX D – GAAP to Non-GAAP EPS Reconciliation Table 221025 052620 Slide 16 2020 AeroVironment, Inc. – Proprietary Information © 2023
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