Aerovironment, Inc. · NASDAQ:AVAV
Aerovironment — Q4 2020 Earnings Presentation
11 slides from Aerovironment's earnings presentation, Jun 23, 2020
Slide 1: Fourth Quarter and Full Fiscal Year 2020 Earnings Presentation
Fourth Quarter and Full Fiscal Year 2020 Earnings Presentation June 23, 2020 1 | June 23, 2020 © 2020 AeroVironment, Inc. – Proprietary & Confidential
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 i
Slide 3: Fourth Quarter and Full Fiscal Year 2020 Key Messages
Fourth Quarter and Full Fiscal Year 2020 Key Messages 1. Delivered record results • Fourth quarter revenue: $135 million • Fiscal year revenue: $367 million • Funded backlog: $208 million 2. Strengthened our leadership position in multiple markets 3. High confidence in our ability to create long-ter
Slide 4: Summary of Full Fiscal Year 2020 Results
Summary of Full Fiscal Year 2020 Results Full Fiscal Year-Over- Metric Highlights Year 2020 Year Change Record annual revenue from higher small UAS, “other” and Revenue $367.3 million 17% HAPS Gross profit $153.1 million 19% Record revenue contributed to higher gross profit Fiscal year 2019 included
Slide 5: Non-GAAP Diluted EPS Percentage of Quarterly Revenue
Higher Revenue and Favorable Product to Service Revenue Mix Contributed to Higher Fourth Quarter Earnings Year-Over-Year 100% $0.80 24% Percentage of Quarterly Revenue 28% $0.70 32% 31% 41% 75% $0.60 Non-GAAP Diluted EPS $0.50 50% $0.40 0.75* 76% 72% $0.30 68% 69% 59% 25% $0.20 0.26 $0.10 0% Q4 FY19
Slide 6: Delivered Significant Progress Across Portfolio in Fiscal Year 2020
Delivered Significant Progress Across Portfolio in Fiscal Year 2020 • $226 million in small UAS • Grew contract value of • $76 million 1st year revenue, driven by strong HAPS program to $166 award of 3-year U.S. domestic demand million Army LMAMS program • Achieved total of 50 • Prepared for next wo
Slide 7: Revenue
Strong Funded Backlog and High Visibility Support Expected Fiscal Year 2021 Year-Over-Year Revenue Growth $400 Revenue Guidance Range as of 6/23/20: $390 million to $410 million $300 Revenue (millions) Revenue Anticipated This FY from Unfunded 60% visibility Backlog $31.1 Revenue Anticipated This FY
Slide 8: Fiscal Year 2020 Results and Fiscal Year 2021 Expectations
Fiscal Year 2020 Results and Fiscal Year 2021 Expectations Fiscal Year 2020 Current Fiscal Year 2021 Actuals Expectations (6/23/20) Revenue $367 million $390 million to $410 million Operating Income Margin 13% 12% – 12.5% Earnings Per Share (diluted) $1.72 $1.65 to $1.85 Non-GAAP Earnings Per Share
Slide 9: For more information: Steven Gitlin
For more information: Steven Gitlin Vice President Investor Relations ir@avinc.com +1 (805) 520-8350 9 | June 23, 2020 © 2020 AeroVironment, Inc. – Proprietary & Confidential
Slide 10: Appendix – Reconciliation of Non-GAAP Diluted Earnings Per Share (Unaudited)
Appendix – Reconciliation of Non-GAAP Diluted Earnings Per Share (Unaudited) Three Months Ended Three Months Ended Year Ended Year Ended April 30, 2020 April 30, 2019 April 30, 2020 April 30, 2020 Earnings per diluted share from continuing operations $ 0.73 $ 0.26 $ 1.72 $ 1.74 Acquisition related e
Slide 11: Appendix – Reconciliation of Fiscal Year 2021 Non-GAAP Diluted Earnings Per Share Expectations (Unaudited)
Appendix – Reconciliation of Fiscal Year 2021 Non-GAAP Diluted Earnings Per Share Expectations (Unaudited) Fiscal year ending April 30, 2021 Forecasted earnings per diluted share $ 1.65 - 1.85 Acquisition related expenses - Amortization of acquired intangible assets 0.09 Forecasted earnings per dilu