Slide 1: Quarterly Earnings Presentation Q2 2024
Quarterly Earnings Presentation Q2 | 2024 July 30, 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements In this presentation, when using the terms the “company,” “DRS,” “we,” “us” and “our,” unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This presentation contains forward-looking statements and cautionary stat
Slide 3: Key Messages
Key Messages Solid momentum demonstrated by another set of remarkable quarterly results • Delivered robust 20% organic revenue growth, well above expectations, on increased customer demand and supply chain recovery 1 • Adjusted EBITDA growth outpaced at 32% year-over-year and margin reflected 100 ba
Slide 4: Q2 2024 Leonardo DRS Results Summary
Q2 2024 Leonardo DRS Results Summary Revenue Adjusted EBITDA * Adjusted Net Earnings * (Dollars in millions) (Dollars in millions) (Dollars in millions) $753 $82 $47 $628 ▲ 20% $62 ▲ 32% $39 ▲ 21% Robust organic growth driven by advanced infrared sensing, electric power and propulsion Healthy adjust
Slide 5: Q2 2024 Segment Results Summary
Q2 2024 Segment Results Summary Revenue Adjusted EBITDA * Adjusted EBITDA Margin * (Dollars in millions) (Dollars in millions) Advanced Sensing and Computing (ASC) $492 $55 11.2% $404 ▲ 22% 8.9% ▲ 230 bps ▲ 53% $36 Favorable mix, improved Remarkable organic program execution and growth from advanced
Slide 6: Increasing 2024 Guidance
Increasing 2024 Guidance Well Positioned for Robust Organic Growth and Driving Adjusted EBITDA Margin Expansion • Increasing revenue growth range on healthy customer demand (In millions, except per share amounts) and supply chain recovery Revenue • Revenue achievement remains subject to the pace of
Slide 7: Non-GAAP Financial Measures
Non-GAAP Financial Measures Definitions and Reconciliations In addition to the results reported in accordance with U.S. GAAP included throughout this presentation, the company has provided information regarding “Adjusted EBITDA,” “Adjusted EBITDA Margin,” “Adjusted Net Earnings” and “Adjusted Dilute