Slide 1: Investor Overview
Investor Overview March 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: 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 etareneg ot provides good visibility technologies aligned with PI gnidael tekram customer priorities In
Slide 4: Elbit Systems at a glance
Elbit Systems at a glance ~$8bn Market cap* - NASDAQ & TASE listed O U R V I S I O N $15.1 bn order backlog at Q4 22 To be a world-leading source $5.5 bn revenues in 2022 of innovative, ~19,000 employees technology-based systems Headquarters in Haifa, Israel for diverse defense and civilian applicat
Slide 5: Geographically balanced customer portfolio
Geographically balanced customer portfolio Other LATAM 3% 2% Our North America 27% DIVERSE APAC CLIENT BASE 26% 2022 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: The U.S. is our largest market
The U.S. is our largest market F-35 T-7A F-18 V-22 SONOBUOYS JDAM CLRF-IC F-15 F-16 $1,501M $844M AH-64 ENVG-B JHMCS II $189M North American Sales 1990 2000 2010 2020 8 2023 © Elbit Systems | Elbit Systems Proprietary
Slide 9: More than 3,900 employees in facilities across the US
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 3,900
Slide 10: 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 10 2022 © Elbit Systems | Elbit Systems Proprietary
Slide 11: 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 11 2023 © Elbit
Slide 12: 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 12 2023 © El
Slide 13: Areas of operations
Areas of operations Others Electro-Optics 3% 10% AIR & SPACE LAND NAVAL Airborne 37% Land 2022 22% revenue HOMELAND SECURITY CYBER UNMANNED split Broad product portfolio provides solutions to multiple domains and COMMERCIAL markets C4ISR 29% 13 2023 © Elbit Systems | Elbit Systems Proprietary
Slide 14: 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 15: 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 16: 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 17: 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 18: Historic Financials
Historic Financials 2018 2019 2020 2021 2022 Sales ($M) 3,684 4,508 4,663 5,279 5,511 Non-GAAP Op. Profit ($M) 340.7 379.7 390.1 450.8 356.6 Non-GAAP Op. margin (%) 9.2% 8.4% 8.4% 8.5% 6.5% GAAP Op. Profit ($M) 292.8 321.6 325.7 418.5 367.5 GAAP Op. margin (%) 7.9% 7.1% 7.0% 7.9% 6.7% Non-GAAP EPS (
Slide 19: 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 20: Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data
Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data (US Dollars in millions, except for share and per share amount) Year Ended December 31, 2018 2019 2020 2021 2022 GAAP gross profit 976.2 1,136.5 1,165.1 1,358.0 1,373.3 Adjustments: Amortization of purchased intangible assets
Slide 21: Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data
Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data (US Dollars in millions, except for share and per share amount) Year Ended December 31, 2018 2019 2020 2021 2022 GAAP net income attributable to Elbit Systems’ shareholders 206.7 227.9 237.7 274.4 275.4 Adjustments: . Amortiz
Slide 22: 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