Cpi Aerostructures, Inc. · AMEX:CVU
Cpi Aerostructures — FY2018 Earnings Presentation
18 slides from Cpi Aerostructures's earnings presentation, Mar 13, 2019
Slide 1: 2018 Q4 and Full Year Results Presentation
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 1 Click to edit Master title style Expertise in Aerospace Technologies Expertise in Aerospace Technologies 201
Slide 2: Forward-Looking Statements
2 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 2 Forward - Looking Statements This presentation contains forward - looking statements that involve risks an
Slide 3: A Year in Review
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 3 3 A Year in Review Douglas McCrosso n President & Chief Executive Officer
Slide 4: 2018 Business Highlights
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 4 4 2018 Business Highlights 1. Closed acquisition of Welding Metallurgy, Inc. (WMI) 2. Completed equity offer
Slide 5: Backlog
5 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 5 Backlog Consolidated Backlog at 12/31/2018: $457.4 Million, Up 17.7% YoY Record Defense Backlog: $386.4 Mi
Slide 6: Driven by Renewed Strength in Defense Budget
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 6 Driven by Renewed Strength in Defense Budget Presence on prominent defense programs with strong funding Defe
Slide 7: 4Q 2018 Financial Highlights
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 7 7 Vincent Palazzolo Chief Financial Officer 4Q 2018 Financial Highlights
Slide 8: Recent Financial Highlights
8 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 8 Recent Financial Highlights For the Three Months Ended December 31, For the Year Ended December 31, 2018 2
Slide 9: Balance Sheet Highlights
9 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 9 ($ in Millions, except per share value) Balance Sheet Highlights As of December 31, 2018 Cash $6.1 Total D
Slide 10: 2019 Financial Guidance
10 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 10 • $98.0M – $102.0M • Compared to $83.9M Revenue • $11.0M – $11.3M • Compared to $6.8M Pre - tax Income •
Slide 11: Looking Ahead
11 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 11 Looking Ahead Douglas McCrosso n President & Chief Executive Officer
Slide 12: 2019 Objectives
12 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 12 2019 Objectives 1. Execute on integration of WMI 2. Program portfolio optimization 3. Execute on early -
Slide 13: Bid Pipeline
13 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 13 Bid Pipeline (03/XX/19) Virtually all proposals are at the Prime Contractor (14%) or Tier 1 level (84%)
Slide 14: Near-Term Program Opportunities
14 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 14 Near - Term Program Opportunities KITTING & SUPPLY CHAIN MANAGEMENT AEROSTRUCTURES • T - 38 Trainer Upgr
Slide 15: Large and Diversified Backlog Drives Strong Visibility
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 15 ‘08 ‘09 ’10 ’11 ’12 ’13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 Large and Diversified Backlog Drive
Slide 16: Q&A Session
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 16 16 Q&A Session Douglas McCrosso n President & Chief Executive Officer
Slide 17: Provision for income taxes and tax position
Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 17 17 Douglas McCrosso n President & Chief Executive Officer The provision for income taxes for the year ended
Slide 18: Thank You
18 Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations Information contained herein is proprietary to CPI Aero and may be subject to ITAR regulations 18 Thank You CPI Aerostructures Vincent Palazzolo, Chief Financial Officer (631) 586 - 5200 www.cpiaero.com