Tat Technologies Ltd. · NASDAQ:TATT
Tat Technologies — Investor Presentation (November 2023)
26 slides from Tat Technologies's investor presentation, November 2023
Slide 1: Form 6-K cover page
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20849 FORM6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 132-16 OR 154-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2023 TAT TECHNOLOGIES LTD. (Name of Registrant) Hamelacha 5, Netanya 4250407 Israel (Address of Pri
Slide 2: Explanatory Note and Disclaimer
‘TAT Technologies Ltd. Explanatory Note TAT Technologies Ltd. (the "Company") hereby furnishes its investors presentation, which is attached to this Form 6-K as Exhibit 99.1 Disclaimer ‘The information contained herein is only a summary, does not exhaust all the information about the Company and its
Slide 3: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized. ‘TAT TECHNOLOGIES LTD. (Registrant) By: /s/ Bhud Be Ehud Ben-Yair Chief Financial Officer Date: November 2
Slide 4: Investor's Presentation November 2023
Exhibit 99.1 INVESTOR’S PRESENTATION November 2023
Slide 5: Looking Forward Statements
z LOOKING FORWARD STATEMENTS This presentation may contain certain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Generally, the words “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,”
Slide 6: TAT Unique Proposition
|] TAT UNIQUE PROPOSITION EXPERIENCE AND EXPERTISE Over 7 decades in defense and commercial aviation DECADES OF EXCELLENCE In MRO for Honeywell APU, Safran and Liebherr landing gears , and thermal components MRO THERMAL SOLUTION Over 60 years of design, production and repair of heat transfer solutio
Slide 7: Key Strategic Product Segments
] KEY STRATEGIC PRODUCT SEGMENTS APU-HONEYWELL AUTHORIZED MRO THERMAL SYSTEMS & COMPONENTS OEM AND MRO LANDING GEARS- LIEBHERR & SAFRAN AUTHORIZED MRO
Slide 8: Top Management
TOP MANAGEMENT Amos Malka Mr. Igal Zamir Mr. Ehud Ben Yair Chairman of the Board President & CEO CFO In position since June 2016 In position since April 2016 In position since May 2018 Maj. Gen. (ret.) Former Head of the Israeli Defense Intelligence and Commander of the IDF Ground Forces Command. Re
Slide 9: Global Presence
GLOBAL PRESENCE GREENSBORO, NORTH CAROLINA TULSA, OKLAHOMA 9g FULL OWNERSHIP 9 PARTIAL OWNERSHIP / COLLABORATION MRO. POWER & ACTUATION SOLUTIONS ————— OEM & MRO THERMAL MANAGEMENT CHARLOTTE, NORTH CAROLINA GROUP OFFICE SOLUTIONS KIRYAT GAT, ISRAEL OEM & MRO THERMAL MANAGEMENT AND POWER & ACTUATION
Slide 10: Strategic Shift - Key Elements 2020-2023
] STRATEGIC SHIFT — KEY ELEMENTS 2020 - 2023 STRONG MRO PARTNERSHIP WITH HONEYWELL for certifications and part costs on the new APU models (LTAs over $90M) ESTABLISHED STRONG PRESENCE = IN APU LEASING AND PARTS = TAT=> = — TRADING (10 years exclusive contract with Honeywell) Technologies PARTNERSHIP
Slide 11: Strategic Shifts Timeline - Started in 2020
D STRATEGIC SHIFTS TIMELINE- STARTED IN 2020 2020 2021 2022 2023 i ~ = = (@) @) @) @) | ORGANIZATION STRUCTURE CHANGE LEASING AND TRADING BUSINESS UNIT + a PRIVATE JETS LANDING GEAR MRO 3 HONEYWELL APU STRATEGIC AGREEMENTS = A A A A = x @) 3 @——& e—_@ _@—_#_4 APU331-20X APU 331-500 APU 131 doom $50M
Slide 12: Honeywell Strategic Agreements During 2020-21
|] HONEYWELL STRATEGIC AGREEMENTS DURING 2020-21 18 ENGINES PURCHASED AS HONEYWELL MRO FOR B757/767,C17 APU EXCLUSIVE ENGINE BANK FOR APU 8777. 1,500 AIRCRAFTS SIGNED CURRENTLY 1,600 AIRCRAFTS AND PRODUCTION SIGNED 10 years agreement 09/2020 Is ONGOING. 12/2020 Estimated annual market size of $85M 1
Slide 13: Honeywell Strategic Deals Potential
] HONEYWELL STRATEGIC DEALS POTENTIAL CURRENT TAT'S MARKET SHARE ENGINE PLATFORM YEARLY CURRENT POTENTIAL MARKET SIZE MARKET SHARE FOR THE COMING YEARS 331-20X B767,B757, C17 $85M 29% 53% /* 331-500 8777 $145M NONE 10% / 131 B737, A319-21 $1,000M NONE 5% / 10
Slide 14: Revenue and EBITDA Growth Engines for 2023-4
] REVENUE AND EBITDA GROWTH ENGINES FOR 2023-4 Strong demand for products and services as the industry is ramping out of COVID- strong backlog coverage for 2023 SEVERAL STRONG Strong growth in APU331-200 for 2023 and 2024 - 2 major PILLARS deals in the funnel WILL SUPPORT Growth Te tetas the ee prof
Slide 15: New Technologies: Long-Term Growth Potential
] NEW TECHNOLOGIES: LONG-TERM GROWTH POTENTIAL THERMAL SYSTEMS FOR ELECTRICAL AIRCRAFT AND AUTONOMOUS AIRCRAFTS ADDITIVE MANUFACTURING AND 3D PRINTING CONFORMAL HEAT EXCHANGERS AND OIL COOLERS FOR ENGINES TAT=> Technologies
Slide 16: Latest Investor News
] LATEST INVESTOR NEWS ~~ TAT Signs a new TAT signs a contract TAT signs a five years TAT received first TAT Signed a new $50M contract with expansion valued $6 contract extension APU331-500 order $7.5M contract with a major airline million a year with valued $50M with a a major carrier June 9, 2022
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Slide 18: Business Breakdown
] BUSINESS BREAKDOWN COMMERCIAT DISTRIBUTION 2016 $170M OEM VS. MRO VS. DEFENSE : 2017 $222M DEFENSE 23% 2018 $214M DEM - 30% 2019 $185M 2020 $185M 2021 $257M 2022 $400M 2023 $a11m Technologies
Slide 19: Upward Trend in Revenue and EBITDA Started in Q4/22
] UPWARD TREND IN REVENUE AND EBITDA STARTED IN Q4/22 16 35,000 30,000 onona 30.000 5,000, 20,977 mmRevenues, —EBITDA aye 25,217 anys 6 Se aa a a { ( 2, 174 anya 3500 29,935 ( 3,009 ) 2500 ono 1500 3000 500 © TAT=> Technologies
Slide 20: Appendices: Product Lines and Services
/ lll Sm ai APPENDICES PRODUCT LINES AND SERVICES A aad (4 i | | | sgt
Slide 21: We Keep Our Customers Flying
y WE KEEP OUR CUSTOMERS FLYING a ‘a 7 | MORE THAN emo > Aw, & 300 CUSTOMERS a —— WORKING WITH MORE THAN 50 MAJOR AIRLINES 5 LARGEST CUSTOMERS, A PRESENT 27% OF REVENUE A psy P sonm/d ee eS Technologies
Slide 22: We Keep Our Customers Flying
] WE KEEP OUR CUSTOMERS FLYING 42S SS, Ber _ —_ ore teiconter wal PILATUS = BOMBARDIER (#477 ean GH auTOHOB Gulfstream = TEXTRON, = <emenacr a Pa eywel MARVIN r — Honeywell gceuree @/Al Parker Ls ec FL wnenin SEAR at jee «= Raytheon fp cates erosooce & 4 bd w& KSREANAIR Southwest & san resi —BHL. Am
Slide 23: Thermal Management
] THERMAL MANAGEMENT 20 DESIGN, MANUFACTURE (OEM) AND MRO SERVICES FOR THERMAL MANAGEMENT SOLUTIONS HEAT EXCHANGERS COLD PLATES OIL COOLERS ELECTRONIC DEVICES FUEL SUBMERGED HX ECU COOLING SYSTEM
Slide 24: Thermal Management Solutions
] THERMAL MANAGEMENT SOLUTIONS APU: AIR-COOLED OIL COOLERS CONFORMAL AIR-COOLED OIL COOLERS io ENVIRONMENTAL GALLEY: CONTROL SYSTEM: AIR CHILLERS PRECOOLERS CONDE NEENS POWER ELECTRONICS: REIICATERS COLD PLATES (PAO) LIQUID-COOLCD IICAT EXCHANGERS es WUTCHTOT ATEN EON OOOO ® we = a\ mma a HYDRAULIC
Slide 25: Power and Actuation
] POWER AND ACTUATION DESIGN, MANUFACTURING AND MRO SERVICES FOR POWER AND ACTUATION SOLUTIONS ECS ACCESSORIES BLADES @ LANDING GEARS Pt COOLING SYSTEMS ACCESSORIES FUEL SYSTEM ACCESSORIES > PUMPS TAT=> Technologies
Slide 26: Thank You
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