Cpi Aerostructures, Inc. · AMEX:CVU
Cpi Aerostructures — Investor Presentation (February 2021)
16 slides from Cpi Aerostructures's investor presentation, Feb 23, 2021
Slide 1: Expertise in Aerospace Technologies Investor Presentation
1 C onfidential | © 2021 CPI Aerostructures, Inc. Expertise in Aerospace Technologies Investor Presentation Douglas McCrosson, President & Chief Executive Officer February 2021
Slide 2: Disclosure Statements
2 C onfidential | © 2021 CPI Aerostructures, Inc. Disclosure Statements This presentation contains forward - looking statements that are based on current expectations of management and certain assumptions that are subject to risks and uncertainties . There can be no assurance that such risks and unc
Slide 3: Company Snapshot
3 C onfidential | © 2021 CPI Aerostructures, Inc. Company Snapshot Manufacturer of aerospace structural assemblies and integrated systems for the defense and commercial markets Welded Tubes & Oil Tanks MRO Kitting & Supply Chain EW / ISR Pods Engine Inlet Assemblies Wing Structures * At 09/30/2020 Y
Slide 4: Key Investment Highlights
4 C onfidential | © 2021 CPI Aerostructures, Inc. Successful Execution of Defense - Centric Strategy built High Quality Backlog Focused on National Security Funding Priorities Experienced Management Team and Strong Board of Directors Well positioned for higher revenue, improved profitability and cas
Slide 5: Broad Array of Programs
5 C onfidential | © 2021 CPI Aerostructures, Inc. Broad Array of Programs Wings Inlets / Nacelles • Boeing A - 10 • Unspecified Missile • Gulfstream G650/G700 • Embraer Phenom 300 • Bell AH - 1Z Viper • Sikorsky UH - 60 MRO Secondary Structures • Sikorsky UH - 60 Stabilators • Sikorsky MH - 53 Tow H
Slide 6: Durable Relationships with Defense Customers
6 C onfidential | © 2021 CPI Aerostructures, Inc. Durable Relationships with Defense Customers Tier 1 to: Prime to: CPI AERO is Recognized as a Reliable and Responsive Supply Chain Partner
Slide 7: Successful Execution of Defense-Centric Strategy
7 C onfidential | © 2021 CPI Aerostructures, Inc. Successful Execution of Defense - Centric Strategy $ Undisclosed Contract Award Lockheed Martin F - 35 Lighting II Lock Assemblies $8.0M Order Sikorsky UH - 60 Black Hawk Helicopters HIRSS Module Assemblies $1.0M Order Unidentified Pod Structural Hou
Slide 8: High Quality Backlog
8 C onfidential | © 2021 CPI Aerostructures, Inc. High Quality Backlog $0 $100 $200 $300 $400 $500 $600 Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20 Commercial Defense Total Backlog 1Q 2019 – 3Q 2020 $536.9 $480.2 $56.7 Funded defense backlog of $183.9 million as of September 30, 2020 $77.4 million in
Slide 9: Multi-Year Contracts Offer Attractive Opportunities for Growth
9 C onfidential | © 2021 CPI Aerostructures, Inc. F - 16V Structural Assemblies UH - 60 HIRSS Module Assem . Next Generation Jammer Increment 1 Pod ‘08 ‘09 ’10 ’11 ’12 ’13 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 Multi - Year Contracts Offers Attractive Opportunities for Growth F - 35 Drive S
Slide 10: Recent Financial Highlights
10 C onfidential | © 2021 CPI Aerostructures, Inc. Recent Financial Highlights For the Three Months Ended September 30, 2020 2019 Revenue $25.6 $22.7 Cost of sales 21.4 20.8 Gross profit 4.2 1.9 Selling, general and administrative expenses 3.1 2.8 Income/(loss) from operations 1.1 (0.9) Income/(loss
Slide 11: Balance Sheet Highlights
11 C onfidential | © 2021 CPI Aerostructures, Inc. Balance Sheet Highlights ($ in Millions) As of September 30, 2020 Cash and Restricted Cash 5.0 Net Contract Assets and Liabilities 15.9 Total Debt * 33.9 As of December 31, 2019 Cash and Restricted Cash 5.4 Net Contract Assets and Liabilities 11.7 T
Slide 12: Near-Term Priorities
12 C onfidential | © 2021 CPI Aerostructures, Inc. Near - Term Priorities Compressing the cash cycle Improving working capital management Expect ramping up newer defense programs will improve fixed cost absorption Improve buying leverage with suppliers Operating leverage on normalized SG&A and risin
Slide 13: Future Opportunities
13 C onfidential | © 2021 CPI Aerostructures, Inc. Future Opportunities EW/ ISR Pods Space Hypersonics Unmanned Aerial Systems
Slide 14: Executive Leadership with Extensive Industry Expertise
14 C onfidential | © 2021 CPI Aerostructures, Inc. Executive Leadership with Extensive Industry Expertise Douglas McCrosson President & Chief Executive Officer President & CEO since 2014; COO, 2010 - 2014; with CPI Aero since 2003 Prior: Grumman Corp; Frisby Aerospace Appointed to Board of Governors
Slide 15: Conclusion
15 C onfidential | © 2021 CPI Aerostructures, Inc. Conclusion Stable, near - term business with meaningful, long - term growth opportunities Durable relationships with Top Tier 1 OEM aerospace customers Defense market strategy yielding multi - year contracts aligned with DoD spending priorities Posi
Slide 16: Investor Relations Counsel
16 C onfidential | © 2021 CPI Aerostructures, Inc. Investor Relations Counsel Jody Burfening, LHA Investor Relations (212) 838 - 3777 cpiaero@lhai.com LHA Investor Relations | 800 3 rd Avenue, New York, NY 10022 | (212) 838 - 3777 https://www. https://www.facebook.com/CPIAero @CPIAero https:// https
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