Slide 1: Investor Overview June 2023
Elbit Systems“ _—-_—L Investor Overview June 2023
Slide 2: Safe Harbor
Safe Harbor This presentation, reference to which herein includes information that may be provided by Elbit Systems Ltd. ("Elbit systems", and collectively with any or all of its subsidiaries, the “Company”) orally or in writing in connection therewith, is provided for general information only, and
Slide 3: 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 ~$9bn Market cap* - NASDAQ & TASE listed O U R V I S I O N $15.8 bn order backlog at Q1 23 To be a world-leading source $5.6 bn revenues in LTM to Q1 23 of innovative, ~19,000 employees technology-based systems Headquarters in Haifa, Israel for diverse defense and civilian
Slide 5: Geographically balanced customer portfolio
Geographically balanced customer portfolio Other LATAM 3% 2% Our North America 27% DIVERSE APAC CLIENT BASE 24% LTM reduces exposure to defense Sales by geography budget fluctuations in a single country or geographic region Israel 19% Europe 23% 5 2023 © 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 2023 © Elbit Systems | Elbit Systems Proprietary * Elbit Systems has subsidiaries, facilities and representative offices in additional countries and locations
Slide 8: USA | A Strong Presence in a Strategic Market
USA | A Strong Presence in a Strategic Market $1.5Bn Revenues 3,900 Employees 13 States Elbit Systems is an integral part of the US Defense industrial base 8 2023 © Elbit Systems | Elbit Systems Proprietary
Slide 9: Strong Positions across Europe support organic growth
Strong Positions across Europe support organic growth Austria Belgium France Germany Hungary Italy Netherlands Romania Sweden Switzerland United Kingdom European subsidiaries employ hundreds of local employees and support domestic suppliers 9 2023 © Elbit Systems | Elbit Systems Proprietary
Slide 10: Sustained R&D investment and technology development
Sustained R&D investment and technology development… Robotics Training & Simulation Active Protection Systems Lasers Avionics 9% of sales in R&D* Artificial Intelligence Autonomous Systems Precision Guided Munitions Electro-Optics * ~8% self funded and ~1% customer funded R&D in 2022 10 2023 © Elbit
Slide 11: Elbit Systems is a top three global player
..to develop and maintain market leading positions Elbit Systems DIRCM Helicopter & Fixed-Wing HMD Electronic Warfare is a top three global player in multiple markets Laser Systems Command and Control Imaging Systems including: Active Protection Systems Tactical Radios Artillery Systems 11 2023 © El
Slide 12: Business Segments | Revenues ($m)
Business Segments | Revenues ($m) Quarterly revenue by segment 500 ESA Aerospace 1,458 1,689 28% 400 24% 300 LTM Revenue 200 split 100 Land 1,191 C4I & Cyber 19% 0 706 Aerospace C4I & Cyber ISTAR & EW Land ESA 11% 3 Months Ended 31 March 2022 3 Months Ended 31 March 2023 ISTAR & EW 1,086 18% 12 2023
Slide 13: Aerospace
Aerospace Aerospace provides products and systems for airborne platforms, Military Fixed-wing & Helicopter systems unmanned aerial solutions, precision guided munition sensors, aerostructures, training and simulators systems as well as commercial aviation systems. Training Solutions & Support Commer
Slide 14: C4I and Cyber
C4I and Cyber C4I and Cyber provides provides C4ISR systems, data links and radio communication systems Communications Network combat systems (C4I) and equipment, cyber intelligence solutions, autonomous solutions and homeland security solutions. Robotics & Autonomy Cyber Intelligence 14 2023 © Elbi
Slide 15: ISTAR and EW
ISTAR and EW ISTAR and EW provides a wide range of electro- Optronics & Laser Systems optic and laser systems and products and also provides a wide range of להוסיף תמונה electronic warfare (EW) and signal intelligence systems. Electronic Warfare, Signal Intelligence and Radar Systems Naval Combat
Slide 16: Land
Land Land provides land- based systems and products for armored and other military vehicles, Indirect Fire Systems artillery and mortar systems, munitions for land, air and sea applications including PGM, armored vehicle and other platforms’ survivability and Active Protections Systems Turrets and W
Slide 17: Elbit Systems of America
Elbit Systems of America Elbit Systems of America provides products, system solutions, and support services focused on the EW solutions Maritime Solutions Next Gen warfighter systems defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. Most of ESA's
Slide 18: Generating synergies across segments | Aerial Solutions
Generating synergies across segments | Aerial Solutions Communications, Command & Control, Unmanned Platforms, Ground Control Stations, Cyber Security | C4I and CYBER Training & Simulation | Aerospace Electro Optic Payloads, EW and SIGINT systems | ISTAR and EW 18 2023 © Elbit Systems | Elbit System
Slide 19: Generating synergies across segments | Ground Solutions
Generating synergies across segments | Ground Solutions Surveillance, Target Designators, Fire Control and Turrets & weapon systems, Ammunition, Electro Optic Systems | ISTAR and EW Active Protection Systems | Land Tactical Unmanned Aerial Solutions, Training & Simulation | Aerospace Combat Vehicle
Slide 20: 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 21: 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 ■ Over 5,000 of our employees volunteered in their communities in 2022 ■ We support
Slide 22: Order Backlog & Revenues | From Growth to Transformation
Order Backlog & Revenues| From Growth to Transformation 16,000 15,100 Transformation 13,700 14,000 12,000 11,024 Growth 10,029 10,000 9,399 8,000 7,561 6,909 6,265 6,564 5,683 5,822 5,511 6,000 5,279 4,508 4,663 3,378 3,684 4,000 3,108 3,260 2,889 2,925 2,958 2,000 0 2012 2013 2014 2015 2016 2017 20
Slide 23: Historic Financials
Historic Financials Three Months 2019 2020 2021 2022 3M 22 3M 23 Sales ($M) 4,508 4,663 5,279 5,511 1,353 1,394 Non-GAAP Op. Profit ($M) 379.7 390.1 450.8 356.6 65.8 105.1 Non-GAAP Op. margin 8.4% 8.4% 8.5% 6.5% 4.9% 7.5% (%) GAAP Op. Profit ($M) 321.6 325.7 418.5 367.5 58.6 93.9 GAAP Op. margin (%)
Slide 24: Appendices
Appendices Non-GAAP Financial Data Non-GAAP financial data, including Adjusted gross profit, Adjusted operating income, Adjusted net income, and Adjusted diluted earnings per share, is presented to enable investors to have additional information on our business performance as well as a further basis
Slide 25: 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) Three Months Ended March Year Ended December 31, 31, 2018 2019 2020 2021 2022 2022 2023 GAAP gross profit 976.2 1,136.5 1,165.1 1,358.0 1,373.3 326.9 361.5 Adjus
Slide 26: 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) Three Months Ended March Year Ended December 31, 31, 2018 2019 2020 2021 2022 2021 2022 GAAP net income attributable to Elbit Systems’ shareholders 206.7 227.9 2
Slide 27: Business Segments | Annual Revenues ($m)
Business Segments | Annual Revenues ($m) 2,000 1,800 ESA Aerospace 1,600 1,457 1,733 24% 29% 1,400 1,200 1,000 2022 Revenue 800 split 600 400 Land 1,169 C4I & Cyber 200 19% 678 0 11% Aerospace C4I & Cyber ISTAR & EW Land ESA ISTAR & EW 2020 2021 2022 1,046 17% 27 2023 © Elbit Systems | Elbit Systems
Slide 28: Business Segments | Annual Operating Income ($m)
Business Segments | Annual Operating Income ($m) 12% ESA, Aerospace, 10.5% 75 107 10% 5.1% 6.2% 8.2% 8.3% 8% 7.5% 7.1% 7.2% 6.3% 6.4% 6.2% 2022 6% 5.1% Operating 4.7% Land, Income 29 4% 3.2% split 2.4% 2.4% 2% 1.5% 1.2% 0% Aerospace C4I & Cyber ISTAR & EW Land ESA ISTAR & EW, 49 C4I & Cyber, 2020 20
Slide 29: Business Segments | Annual Revenues and Operating Income ($m)
Business Segments| Annual Revenues and Operating Income ($m) Year ended December 31, Year ended December 31, 2022 2021 2020 2022 2021 2020 Revenues: Operating income Aerospace Aerospace 106.8 129.2 19.7 External customers 1,471.1 1,281.4 924 C4I and Cyber 49.0 44.3 39.9 Intersegment revenue 262.1 30
Slide 30: Business Segments | Quarterly Revenues ($m)
Business Segments | Quarterly Revenues ($m) Year ended Three months ended March 31, December 31, 2023 2022 2022 Revenues: Aerospace External customers 362.2 406.0 1,471.1 Intersegment revenue 58.6 59.0 262.1 Total 420.8 465.0 1,733.2 C4I and Cyber External customers 161.9 135.3 631.3 Intersegment re
Slide 31: Thank You
THANK YOU INVESTOR CONTACTS Dr. Yaacov (Kobi) Kagan, Executive VP – CFO Tel: +972-77296663 | kobi.kagan@elbitsystems.com Rami Myerson, Investor Relations Director Tel: +972-772948984 | rami.myerson@elbitsystems.com elbitsystems.com