Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Investor Presentation (September 2021)
20 slides from Aerovironment's investor presentation, September 2021
Slide 1: AeroVironment Investor Overview
AEROVIRONMENT Investor Overview PRESENTER NAME Sept 2021 6 May 2020 © 2021 AeroVironment, Inc. 210913 052620 Slide 1 2020 AeroVironment, Inc. – Proprietary Information © 2021
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: 2020 AeroVironment, Inc. – Proprietary Information
210913 052620 Slide 3 2020 AeroVironment, Inc. – Proprietary Information © 2021
Slide 4: Key Themes
KEY THEMES o Value proposition centered around innovation, customer intimacy, and agility o Delivered fourth consecutive year of profitable revenue growth in the midst of the global pandemic o Deployed balance sheet to expand solutions portfolio and addressable markets o Successfully executed growth
Slide 5: Full Fiscal Year 2021 Results
FULL FISCAL YEAR 2021 RESULTS Metric Full Fiscal Year 2021 Year-Over-Year Change Notes Revenue $395M +7.5% Record annual revenue Gross profit $164.6M +7.5% Increase in product margin resulted in higher gross profit Lower EPS from legal accrual, HAPSMobile impairment of EPS (diluted) $0.96 -$0.76 LOO
Slide 6: Product Segments Support Mission-Critical Applications
Product SEGMENTS SUPPORT MISSION-CRITICAL APPLICATIONS Product SEGMENT MILITARY COMMERCIAL Leading global solution provider with the largest installed base of systems Small Unmanned globally; Continuing to expand and grow our business by securing new Aircraft Systems requirements in U.S. and interna
Slide 7: Small Unmanned Aircraft Systems (SUAS)
SMALL UNMANNED AIRCRAFT SYSTEMS (SUAS) o Leading global player with product line generating $236M or 60% of KEY Company revenue in fiscal 2021 FACTS o Product Line includes multiple fixed wing and rotary aircraft with varying flight times, payloads/sensors and mission sets classified as Group 1 UAVs
Slide 8: Medium Unmanned Aircraft Systems (MUAS)
MEDIUM UNMANNED AIRCRAFT SYSTEMS (MUAS) o Acquired Arcturus UAV - leading provider of UAS and related KEY services to Group 2 and Group 3 markets FACTS o Primary revenue today from “COCO” Service (Contractor Owned Contractor Operated) to U.S. Special Operations Command on MEUAS IV ISR services progr
Slide 9: Tactical Missile Systems (TMS)
TACTICAL MISSILE SYSTEMS (TMS) o AeroVironment introduces new category in 2012 KEY FACTS o Lethal, high-precision, rapidly deployable loitering munition in use by U.S. armed forces o Product line consists of Switchblade® 300, 600, and BlackWing ® (submarine launch) o FY21 revenue of $87M or 22% of t
Slide 10: Unmanned Ground Vehicles (UGV)
UNMANNED GROUND VEHICLES (UGV) o Acquired Telerob GmbH, a leading provider of Unmanned KEY Ground Vehicles (UGVs) in May 2021 FACTS o Sales into 45 countries to militaries and law enforcement primarily involved in explosive disposal (EOD) and handling of hazardous materials o 18% CAGR 2017-2020 and
Slide 11: High Altitude Platform Station (HAPS)
HIGH ALTITUDE PLATFORM STATION (HAPS) o Formed HAPSMobile JV with Softbank in 2017 to develop HAPS Aircraft and KEY launch stratospheric 5G LTE broadband connectivity business FACTS o Secured new AeroVironment engineering development agreement with Softbank for five additional years – initial award
Slide 12: Clear Path to Continued Value Creation
CLEAR PATH TO CONTINUED VALUE CREATION Continued focus on executing our strategy for benefit of shareholders, customers and For Fiscal Revenue employees Year 2022, $560M - $580M AeroVironment expects: Net income Ongoing effective integration of acquired businesses into MUAS and UGV product $29M - $3
Slide 13: ESG Focus and Goals Aligned with Value Creation
ESG FOCUS AND GOALS ALIGNED WITH VALUE CREATION Valued Partner to our Customers and Communities o One of the largest electric UAS manufacturers in the world, reducing environmental impact for our customers while delivering a suite of zero-emission, energy efficient, battery-powered UAS as well as st
Slide 14: AeroVironment Is Positioned for Long-Term Success
AEROVIRONMENT IS POSITIONED FOR LONG-TERM SUCCESS Targeting multiple exciting markets that are >$1B market opportunities today Strategy and growing into the future Demonstrated track record of disrupting traditional markets and creating new Innovation ones through innovative and differentiated techn
Slide 15: Questions
QUESTIONS 210913 052620 Slide 15 2020 AeroVironment, Inc. – Proprietary Information © 2021
Slide 16: AeroVironment At-A-Glance
AEROVIRONMENT AT-A-GLANCE Delivering Mission-Critical Technology Solutions Founded in 1971 at the Intersection of Future-Defining Capabilities Sales to more than 50 allied nations ~1,300 employees Trusted Leader Innovative and Opportunistic Pioneering, global leader with Proven history of innovation
Slide 17: Summary of Recent Acquisitions
SUMMARY OF RECENT ACQUISITIONS Company Status Benefits o Expands into >$1B annual Group 2 & 3 segments w/ access to new Closed programs Arcturus UAV 2/19/21 o Introduces attractive contractor-owned, contractor-operated (“COCO”) business model o Significantly accelerates artificial intelligence and a
Slide 18: Appendix A - Reconciliation of Non-GAAP Diluted Earnings Per Share
APPENDIX A - RECONCILIATION OF NON-GAAP DILUTED EARNINGS PER SHARE (UNAUDITED) Three Months Ended Three Months Ended Year Ended Year Ended April 30, 2021 April 30, 2020 April 30, 2021 April 30, 2020 Earnings per diluted share $ 0.44 $ 0.73 $ $ 1.72 0.96 Acquisition-related expenses 0.12 -- 0.26 0.04
Slide 19: Financial Summary
FINANCIAL SUMMARY 210913 052620 Slide 19 2020 AeroVironment, Inc. – Proprietary Information © 2021
Slide 20: Successful Execution Delivering Profitable Growth
SUCCESSFUL EXECUTION DELIVERING PROFITABLE GROWTH EPS Attributable to AeroVironment – Diluted (whole dollars) Revenue ($Millions) $2.70 $600 Revenue $1.80 $400 GAAP EPS $200 $0.90 Non- GAAP EPS $- $- 2017 2018 2019 2020 2021 2022* FORMED JV DIVESTITURE ACQUISITION ACQUISITIONS EES Division focused o
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