Techprecision Corporation · NASDAQ:TPCS
Techprecision — Investor Presentation (May 2018)
21 slides from Techprecision's investor presentation, May 8, 2018
Slide 1: TechPrecision Investor Presentation, May 8, 2018
IR ANOIRE May 8, 2018 > TECHPRECISION
Slide 2: Forward-Looking Statements
This presentation may contain predictive or “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of current or historical fact contained in this presentation, including statements that express our intentions,
Slide 3: Forward-Looking Statements (continued)
• our ability to maintain standards to enable us to manufacture products to exacting specifications; • our ability to enter new markets for our services; • our reliance on a small number of customers for a significant percentage of our business; • competitive pressures in the markets we serve; • cha
Slide 4: Table of Contents
I. O VERVIEW & F OCUS 5 II. W HERE WE WERE & W HERE WE ARE 9 III. S TRATEGIC O UTLOOK 15 T ABLE OF C ONTENTS TPCS 4
Slide 5: I. Overview & Focus
I. Overview & Focus > TECHPRECISION
Slide 6: Ranor, Inc., Westminster, MA
R ANOR I NC ., W ESTMINSTER , MA Ranor, Inc., is a subsidiary of TechPrecision, a holding company. Founded in 1956 by Robert A. Normandin Sr., Ranor , Inc. was originally a 18,000 square foot manufacturing space in Fitchburg, MA. Not long after its founding, the company's reputation for fabricating,
Slide 7: Ranor custom manufacturer overview and operations strategy
▪ Ranor, Inc. is a custom manufacturer of highly - engineered, precision fabricated, and precision machined metal products for defense, nuclear, and precision industrial customers ▪ The supplier of choice • Custom, specialized capabilities and customer integration through the development cycle, desi
Slide 8: Focused Operations Strategy Establishes Deep Competitive Advantage
• Focus on products that have a critical mass/ and or exist across platforms or programs that provide scale • Components that require Ranor differentiated production processes to manufacture and which the company can achieve class - leading quality, cost and delivery • Complex fabrications result in
Slide 9: II. Where We Were & Where We Are
II. W HERE WE WERE & W HERE WE ARE TPCS 9
Slide 10: Where We Were & Where We Are: pre-tax results
W HERE WE WERE & WHERE WE ARE TPCS 10 • Focus on profitable sales • Improvement in operations and reduction in operating expenses • Reduction in SG&A expenses On a Pre - Tax Basis Where we were FY2012 – FY2015 Includes 15 quarters of loss Total pre - tax loss : Annualized average: For every $1,000,0
Slide 11: Since Q1 FY15: profitable sales and operational improvements
W HERE WE WERE & WHERE WE ARE TPCS 11 Since Q1 FY15 • Focus on profitable sales • Increase use of customer furnished material • Operational improvements • Reduction in expenses
Slide 12: Since Q1 FY15: liabilities, debt and cash
Since Q1 FY15 Improvement in financial performance facilitated: • Significant reduction in current liabilities • Slight reduction in debt • Increase in cash W HERE WE WERE & WHERE WE ARE TPCS 12
Slide 13: Increase in working capital and book equity
Since Q1 FY15 Significant increase in both working capital and book equity due to the return to profitability W HERE WE WERE & WHERE WE ARE TPCS 13
Slide 14: Cash from operations and investment in PP&E
TPCS 14 W HERE WE WERE & WHERE WE ARE Since Q1 FY15 • Successful generation of cash from operations • Continued investment in PP&E, upgrading the fabrication and machining capabilities • Minimal new debt • Net increase in cash of about $1.9M
Slide 15: III. Strategic Outlook
III. S TRATEGIC O UTLOOK TPCS 15
Slide 16: Strategic Outlook: submarine shipbuilding outlook
S TRATEGIC O UTLOOK First, for the 15 - year period, 2017 through 2031, the submarine shipbuilding outlook includes 28 Virginia Class submarines, plus 12 Virginia Payload Modules, and 2 Columbia class submarines. The Department of Defense Base Budget is reported to be $523.9 billion, with the Columb
Slide 17: Excerpt 1 from message to US nuclear submarine suppliers
… You cannot underestimate the crucial role you play in the overall success of the United States submarine program and the defense of our country. Each and every part you deliver ….. has the ability to impact the performance of the Navy and the safety of its submarine crews. Delivering a quality par
Slide 18: Excerpt 2 from message to US nuclear submarine suppliers
When you accepted the role as a supplier for the US Submarine Program, you entered into a sacred trust. With this comes the incredible responsibility of delivering quality parts that support a submarine with a nuclear reactor and over 100 crew members diving into an environment that otherwise could
Slide 19: Virginia Class Submarine Program Procurement Information
Virginia Class Submarine Program, Block V comprises 10 more Virginia Class Submarines which continues the two VCS per year build rate through 2023. All signals from the Navy indicate that the two SSNs per year build rate will continue through three more multi - year blocks of the Virginia Class Prog
Slide 20: Demand Drivers
Two significant demand drivers that will double existing overall nuclear submarine business workload at the shipyards, starting in 2019. First The Virginia Payload Module (VPM) is an 85 - foot hull section with four centerline large diameter payload tubes that is expected to be added to all future V
Slide 21: End of document
IRANOIE > TECHPRECISION END OF DOCUMENT