Tat Technologies Ltd. · NASDAQ:TATT
Tat Technologies — Investor Presentation (March 2024)
30 slides from Tat Technologies's investor presentation, March 2024
Slide 1: Form 6-K cover page
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 March 2024 TAT TECHNOLOGIES LTD. (Name of Registrant) Hamelacha 5, Netanya 4250407 Israel (Address of Princi
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 O
Slide 3: Exhibit Index
Exhibit Index This Report on Form 6-K of TAT Technologies Ltd. con: ts of the following document, which is attached hereto and incorporated by reference herein: Exhibit 99.1 Investor Presentation
Slide 4: 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/ Ehud Be Ehud Ben-Yair Chief Financial Officer Date: March 6, 20
Slide 5: Investor's Presentation March 2024
Exhibit 99.1 TAT= INVESTOR’S Technologies PRESENTATION March 2024
Slide 6: Looking Forward Statements
] 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 7: YTD Results key indicators
J YTD Results key indicators inkUsD | 2028 2022 Variance Revenues 113,794 84,556 29,238 - 35% Gross profits 22,468 15,928 6,540 - 41% Gross Margin 19.7% 18.8% 0.9% Adj. EBITDA 11,157 4,036 7,121-176% EBITDA Margin 9.8% 4.8% 5% Net Income/ (loss) 4,672 (1,562) 6,234 Improvement in all parameters comp
Slide 8: Upward trend in revenue and EBITDA started in Q4/22
y UPWARD TREND IN REVENUE AND EBITDA STARTED IN Q4/22 30,000 25,000 20,000 20,977 MmRevenues, —EBTDA { 2,174 } ose anys INVES 1OR'S PRESENTA ION- MAKCH 2024 26,804 | 2,580 | ones 29,935 31,837 3000 2500 2000 1500
Slide 9: 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 y TAT UNIQUE PROPOSITION THERMAL SOLUTION Over 60 years of design, production and repair of heat transfer solution
Slide 10: Key Strategic Product Segments
y KEY STRATEGIC PRODUCT SEGMENTS APU-HONEYWELL AUTHORIZED MRO THERMAL SYSTEMS & COMPONENTS OEM AND MRO INVES IOR'S PRESENTATION MARCH 2024 LANDING GEARS- LIEBHERR & SAFRAN AUTHORIZED MRO
Slide 11: Top Management
TOP MANAGEMENT Ww uA Amos Malka Mer. 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 Comm
Slide 12: Global Presence
GLOBAL PRESENCE GREENSBORO, NORTH CAROLINA MRO POWER & ACTUATION SOLUTION: TULSA, OKLAHOMA KIRYAT GAT, ISRAEL OEM & MRO OEM & MRO THERMAL MANAGEMENT GU Rous DELLE THERMAL MANAGEMENT AND. GROUP OFFICE SOLUTIONS 5 POWER & ACTUATION SOLUTIONS HENZHEN CHINA MAL COMPONENTS * MRO—IN PARTNERSHIP 9g FULL OW
Slide 13: Strategic Shift - Key Elements 2020-2023
y STRATEGIC SHIFT - KEY ELEMENTS 2020 - 2023 FROM 4 INDEPENDENT COMPANIES TO ONE GROUP WITH 3 OPERATIONAL ianaaiaaes . . oO SITES centralizedS&M, R&D and finance team. Cost savings of $1.5 million a year STRONG MRO PARTNERSHIP WITH HONEYWELL for certifications and part costs on the new APU models (L
Slide 14: Strategic Shifts Timeline - Started in 2020
D STRATEGIC SHIFTS TIMELINE- STARTED IN 2020 2020 2021 2022 2023 | LEASING AND TRADING BUSINESS UNIT PRIVATE JETS LANDING GEAR MRO fe) \ fe @ 7 ¢ ? o—_ $_¢_¢ © APU331-20% APU331-500 APUI31 son deo rst saraye EXPECTED oe eee eens CONTRACT contract REVENUE APU ReVENUE AGREEMENT AGREEMENT © AGREEMENT A
Slide 15: Honeywell Strategic Agreements During 2020-21
y HONEYWELL STRATEGIC AGREEMENTS DURING 2020-21 18 ENGINES PURCHASED AS HONEYWELL MRO FOR B757/767,C17 APU EXCLUSIVE ENGINE BANK FOR APU B777. 1,500 AIRCRAFTS SIGNED CURRENTLY 1,600 AIRCRAFTS AND PRODUCTION 91GNED 10 years agreement 09/2020 IS ONGOING. 12/2020 Estimated annual market size of $85M 10
Slide 16: Honeywell Strategic Deals Potential
y HONEYWELL STRATEGIC DEALS POTENTIAL CURRENT TAT'S MARKET SHARE ENGINE PLATFORM YEARLY CURRFNT POTENTIAL MARKET SIZE MARKET SHARE FOR THE COMING YEARS 331-20X 8767,B757, C17 $85M 29% 53% / 331-500 B777 $145M NONE 10% / 131 B737, A319-21 $1,000M NONE 5% / = 2 —_ INVES 1OR'S PRESENTA ION- MAKCH 2024
Slide 17: Revenue and EBITDA Growth Engines for 2023-4
y 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 Growth from APU131 and 331-500with i
Slide 18: New Technologies: Long-Term Growth Potential
y NEW TECHNOLOGIES: LONG-TERM GROWTH POTENTIAL ‘a a Cg a ae e . THERMAL SYSTEMS ADDITIVE CONFORMAL HEAT FOR ELECTRICAL MANUFACTURING EXCHANGERS AND AIRCRAFT AND AND 3D PRINTING OIL COOLERS FOR AUTONOMOUS ENGINES AIRCRAFTS = —_ INVES 1OR'S PRESENTA ION- MAKCH 2024 _— Tecnotoges
Slide 19: Latest Investor News
y LATEST INVESTOR NEWS ag TAT Signs a new $50M contract with a major airline June 9, 2022 Read more ~ TAT completed a private placement to Israeli investors 15 December 28, 2023 Read more TAT signs a five years TAT signs a contract ’ expansion valued $6 contract extension million a year with valued
Slide 20: Financials
tj Wy FINANCIALS , IS \ TAT=
Slide 21: Business Breakdown 2023
D BUSINESS BREAKDOWN 2023 GEOGRAPHICAL DISTRIBUTION Commercial Vs. Defense OEM Vs. MRO Commercial a TAT= INVESIOR'S PRESENIA ION - MAKCH 2028 Tells
Slide 22: Product segment
} Product segment Completed the certification for the B777 and for the B737\ A320 APUs line . These MRO activities are some of our growth engines for 2024 Actual Actual |Growth $ Thousands 2022 2023 % Heat Exchangers OEM& MRO 33,102 45,910 39% APU MRO 18,710 31,470 68% Landing Gears MRO ToT 8,526 18
Slide 23: LTA & Orders: Back-log
LTA & ORDERS TAT= Technologies D Back-log MRO, 226,984, 56% Backlog OEM, 179,502 , 44% mOEM = MRO INVES 1UR'S PRESENIAIIUN - MARCH 2024 Backlog by segments HX, 219,478 754% APU, 81,225 , 20% @ HX mw APU glG ® others
Slide 24: Appendices Product Lines and Services
Slide 25: We Keep Our Customers Flying
y WE KEEP OUR CUSTOMERS FLYING MORE THAN comm 300 CUSTOMERS LF g < es ie | WORKING WITH MORE THAN a — < oo 50 MAJOR AIRLINES ere we ee E aa 5 LARGEST CUSTOMERS, PRESENT 27% OF REVENUE —? 1 _- es a INVESIOR'S PRESENTATION MARCH 2028
Slide 26: We Keep Our Customers Flying
y WE KEEP OUR CUSTOMERS FLYING é@> mail La -_ = by Say oy | =PILATUS> = BOMBARDIER © (97 eon @AHTOHOB = Guifstream = TEXTRON -caracr Honeywell wath Cul marvNG Eevee garcto> ETM sree © SVAAR MARTIN io reece Raytheon 3% colins Aerospace e € \ wy KSREANAIR Southwest & US. AIRFORCE ware & American® & Lu
Slide 27: Thermal Management
y THERMAL MANAGEMENT 23 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 28: Thermal Management Solutions
y THERMAL MANAGEMENT SOLUTIONS ENVIRONMENTAL GALLLY: CONTROL SYSTEM: AIR CHILLERS PRECOOLERS APU: CONDENSERS POWER ELECTRONICS: AIR-COOLED REHEATERS COLD PLATES (PAO) OIL COOLERS LIQUID-COOLED HILAT CONFORMAL EXCHANGERS AIR-COOLED OIL COULERS Pd |__»... STOR ULUUCOLCCL OU i wo = o POWER PLANI: MR-CO
Slide 29: Power and Actuation
y POWER AND ACTUATION DESIGN, MANUFACTURING 2 AND MRO SERVICES FOR bins, 5 POWER AND ACTUATION a @ SOLUTIONS Lier APU LANDING GEARS FUEL SYSTEM ACCESSORIES wT 3} ECS ACCESSORIES BLADES COOLING SYSTEMS PUMPS ACCESSORIES = 25 —_ INVES 1OR'S PRESENTA ION- MAKCH 2024 = Technologies al &
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TAT Technologies — Investor Presentation (March 2024) on 6ix