Elbit Systems (NASDAQ:ESLT) Q1 2023 Earnings Conference Call May 30, 2023 9:00 AM ET Company Participants Rami Myerson - Investor Relations Butzi Machlis - President, Chief Executive Officer Kobi Kagan - Chief Financial Officer Yossi Gaspar - Senior Executive Vice President, Business Management Conference Call Participants Sheila Kahyaoglu - Jefferies Atinc Ozkan - Wood & Company Ella Fried - Bank Leumi Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems' First Quarter 2023 Re ...

In this release, the Company is providing US-GAAP results as well as additional non-GAAP financial data, which are intended to provide investors a more comprehensive view of the Company's business results and trends. For a description of the Company's non-GAAP definitions see page 3 below, "Non-GAAP financial data". Unless otherwise stated, all financial data presented is US-GAAP financial data. Management Comment: Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "The financial resul ...

Elbit Systems 2022 Annual Report Conference Call Summary Company Overview - **Company**: Elbit Systems (NASDAQ: ESLT) - **Date of Call**: May 1, 2023 - **Participants**: - Rami Myerson - Investor Relations - Butzi Machlis - President, CEO - Kobi Kagan - CFO - Yossi Gaspar - Senior EVP, Business Management Key Points Industry and Company Context - Elbit Systems operates in the defense and aerospace industry, focusing on advanced technology solutions for military and commercial applications [6][7]. Financial Performance - **Consolidated Revenues**: Increased by 4% to $5.5 billion in 2022 from $5.3 billion in 2021 [11]. - **GAAP Operating Income**: Decreased to $368 million in 2022 from $419 million in 2021 [11]. - **Non-GAAP Operating Income**: $357 million (6.5% of revenues) in 2022 compared to $451 million (8.5% of revenues) in 2021 [11]. - **Stock Price Linked Compensation Expenses**: Approximately $62 million impacted both GAAP and non-GAAP operating income [11]. Segment Performance - **Aerospace**: - Revenues increased by 9% to $1.73 billion in 2022 [12]. - Operating income decreased to $106.8 million (6.2% of revenues) from $129.2 million (8.2% of revenues) in 2021 [12]. - **C4I and Cyber**: - Revenues increased by 8% to $678 million [13]. - Operating income increased to $49 million (7.2% of revenues) from $44.4 million (7.1% of revenues) in 2021 [13]. - **ISTAR and EW**: - Revenues increased by 2% to $1.05 billion [14]. - Operating income decreased to $49.1 million (4.7% of revenues) from $66 million (6.4% of revenues) in 2021 [14]. - **Land**: - Revenues increased by 5% to $1.17 billion [14]. - Operating income decreased to $28.6 million (2.4% of revenues) from $35.6 million (3.2% of revenues) in 2021 [14]. - **Elbit Systems of America (ESA)**: - Revenues decreased by 2% to $1.46 billion [14]. - Operating income decreased to $75 million (5.1% of revenues) from $124.3 million (8.3% of revenues) in 2021 [14]. Strategic Initiatives - **Transformation Goals**: Aiming for annual revenues of $6 billion to $7 billion with improved profitability and cash generation [6][18]. - **Segment Reporting Structure**: New segment reporting structure adopted to enhance transparency and align with operational management [5][7]. - **Investment in Facilities**: Hundreds of millions of dollars invested in new facilities across Israel, the U.S., Germany, and the U.K. to support transformation and backlog conversion [27][31]. Market Outlook - **Supply Chain and Cost Pressures**: Supply chain disruptions and increased electronic component prices affected all segments in 2022, but expected to be less relevant in 2023 [31]. - **Margin Improvement**: Management targets a long-term operating margin of around 10% across all segments [26][27]. Miscellaneous - **Incentive Compensation**: Defined goals for executives include cash generation, profitability, and revenue growth, measured quarterly [21]. - **No IPO Plans for ESA**: Elbit Systems of America will remain integrated within the company, with no plans for an IPO [39]. Conclusion - Elbit Systems is focused on enhancing operational efficiency, improving profitability, and capitalizing on growth opportunities in the defense and aerospace sectors while navigating challenges related to supply chain and cost pressures [6][31].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F □ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2022 Commission File No. 0-28998 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...

Exhibit 1 Elbit Systems Announces the Filing of its Annual Report on Form 20-F for Fiscal Year 2022 Haifa, Israel, May 1, 2023 – Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) ("Elbit Systems" or the "Company") announced that on May 1, 2023, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 (the "2022 Annual Report") with the U.S. Securities and Exchange Commission, the Israel Securities Authority and the Tel Aviv Stock Exchange. The 2022 Annual Report can be vie ...

Elbit Systems. (NASDAQ:ESLT) Q4 2022 Earnings Conference Call March 28, 2023 9:00 AM ET Company Participants Rami Myerson - Investor Relations Butzi Machlis - President, Chief Executive Officer Kobi Kagan - Chief Financial Officer Yossi Gaspar - Senior Executive Vice President, Business Management Conference Call Participants Ellen Page - Jefferies Pete Skibitski - Alembic Global Atinc Ozkan - WOOD & Company Operator Ladies and gentlemen, thank you for standing by. Welcome to Elbit Systems’ fourth quarter 2 ...

Elbit Systems Limited (NASDAQ:ESLT) Q3 2022 Earnings Conference Call November 29, 2022 9:00 AM ET Company Participants Butzi Machlis - President, Chief Executive Officer Kobi Kagan - Chief Financial Officer Yossi Gaspar - Senior Executive Vice President, Business Management Rami Myerson - Investor Relations Conference Call Participants Pete Skibitski - Alembic Global Ellen Page - Jefferies Ella Fried - Bank Leumi Ilya Fainer - Leader Capital Markets Operator Ladies and gentlemen, thank you for standing by. ...

Earnings Release ELBIT SYSTEMS REPORTS THIRD QUARTER 2022 RESULTS Backlog of orders at $14.7 billion; Revenues of $1.3 billion; Non-GAAP net income of $63 million; GAAP net income of $56 million; Non-GAAP net EPS of $1.40; GAAP net EPS of $1.26 Haifa, Israel, November 29, 2022 – Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ and TASE: ESLT), the international high technology company, reported today its consolidated results for the quarter ended September 30, 2022. In this release, the Company ...

Call Start: 09:00 January 1, 0000 9:51 AM ET Elbit Systems Ltd. (NASDAQ:ESLT) Q2 2022 Earnings Conference Call August 16, 2022, 09:00 ET Company Participants Rami Myerson - Director, Investor Relations Kobi Kagan - CFO Butzi Machlis - President & CEO Yossi Gaspar - Senior EVP Conference Call Participants Ellen Page - Jefferies Pete Skibitski - Alembic Global Ella Fried - Bank Leumi Operator Welcome to Elbit Systems Second Quarter 2022 Results Conference Call. [Operator Instructions]. As a reminder, this con ...

Earnings Release ELBIT SYSTEMS REPORTS SECOND QUARTER 2022 RESULTS Backlog of orders at $14.1 billion; Revenues of $1.3 billion; Non-GAAP net income of $77 million; GAAP net income of $81 million; Non-GAAP net EPS of $1.73; GAAP net EPS of $1.82 Haifa, Israel, August 16, 2022 – Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ and TASE: ESLT), the international high technology company, reported today its consolidated results for the quarter ended June 30, 2022. In this release, the Company is pr ...