| --- | --- | --- | --- | |-------|-------|-------------------------------|-------| | | | | | | | | P R E S ENTAT Q3 2024 | ION | | | | | | | | | | | FORWARD-LOOKING 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," "believes," "seeks," "estimates," variations of such words and ...

Core Insights - TAT Technologies Ltd. reported its eighth consecutive quarter of revenue growth, with significant increases in both revenues and profitability for Q3 2024 compared to Q3 2023 [1][7]. Financial Performance - Revenues for Q3 2024 increased by 35.2% to $40.5 million from $29.9 million in Q3 2023. Year-to-date revenues rose by 36% to $111.1 million compared to $82.0 million for the same period last year [2]. - Gross profit for Q3 2024 was $8.5 million, a 45.9% increase from $5.8 million in Q3 2023, representing 21% of revenues compared to 19.4% in the prior year. Year-to-date gross profit increased by 51.8% to $23.5 million [3]. - Net income for Q3 2024 rose by 33% to $2.9 million, or $0.26 per diluted share, compared to $2.2 million, or $0.24 per diluted share, in Q3 2023. For the nine-month period, net income increased by 77% to $7.6 million [4]. - Adjusted EBITDA for Q3 2024 increased by 70% to $5.1 million compared to $3.0 million in Q3 2023, with a similar increase for the nine-month period [5]. Cash Flow and Capital Raising - Cash flow from operations in Q3 2024 was positive at $2.8 million, a turnaround from negative cash flow of ($3.7) million in Q3 2023. However, for the nine-month period, cash flow from operations was negative ($4.9) million compared to positive $0.5 million in the same period last year [6]. - The company raised $9.9 million in shares from the capital markets during Q3 2024 [7]. Business Outlook - The CEO of TAT Technologies indicated that the company is experiencing record revenue and profitability, with a backlog of orders and long-term agreements totaling $423 million. The company is preparing for challenges in the supply of parts for APUs and landing gears by increasing parts inventory [7].

Financial Performance - Revenues increased by 35.2% to $40.5 million in Q3'24 compared to $29.9 million in Q3'23[10] - Gross profit rose by 45.9% to $8.5 million, representing 21% of revenues in Q3'24, up from 19.4% in Q3'23[11] - Net income increased by 33% to $2.9 million, or $0.26 per diluted share in Q3'24, compared to $2.2 million, or $0.24 per diluted share in Q3'23[12] - Adjusted EBITDA surged by 70% to $5.1 million in Q3'24, compared to $3.0 million in Q3'23[13] - Total revenues for the three months ended September 2023 were $40,459 million, a 35.5% increase from $29,935 million in the same period of 2022[29] - Gross profit for the nine months ended September 2023 was $23,531 million, up 42.1% from $15,499 million in the same period of 2022[29] - Operating income for the three months ended September 2023 reached $3,446 million, compared to $1,760 million in the same period of 2022, representing a 95.3% increase[29] - Net income for the nine months ended September 2023 was $7,592 million, a 77.0% increase from $4,283 million in the same period of 2022[31] - Basic net income per share for the three months ended September 2023 was $0.27, compared to $0.24 in the same period of 2022[29] - The company reported total comprehensive income of $2,822 million for the three months ended September 2023, compared to $2,149 million in the same period of 2022[31] - Net income for the three months ended September 30, 2024, was $2,865 million, an increase from $2,151 million in the same period last year, representing a 33% growth[37] - Adjusted EBITDA for the nine months ended September 30, 2024, reached $13,150 million, up from $7,747 million in the previous year, indicating a 70% increase[39] Cash Flow and Capital - Cash flow from operations was positive $2.8 million in Q3'24, a significant improvement from negative ($3.7) million in Q3'23[14] - The company reported a net cash increase of $516 million for the three months ended September 30, 2024, contrasting with a decrease of $(3,470) million in the same period last year[37] - Cash flows used in operating activities for the nine months ended September 30, 2024, were $(4,857) million, compared to $493 million in the same period last year[37] - The company issued common shares, resulting in proceeds of $9,923 million for the nine months ended September 30, 2024[37] - Interest paid during the nine months ended September 30, 2024, totaled $(1,289) million, compared to $(1,071) million in the same period last year[38] Assets and Liabilities - Total assets grew to $157.7 million as of September 30, 2024, up from $145.6 million at the end of 2023[27] - Total liabilities decreased to $49.2 million as of September 30, 2024, down from $54.9 million at the end of 2023[27] - Inventory increased to $61.9 million as of September 30, 2024, compared to $51.3 million at the end of 2023[26] Operational Metrics - Orders and long-term agreement (LTA) backlog increased to $423 million, indicating strong demand for products and services[15] - Research and development expenses for the three months ended September 2023 were $326 million, an increase from $194 million in the same period of 2022[29] - Selling and marketing expenses for the nine months ended September 2023 totaled $5,647 million, up from $3,807 million in the same period of 2022[29] - The company experienced a significant increase in trade accounts payable, which rose by $3,825 million for the three months ended September 30, 2024[37] - Depreciation and amortization expenses for the three months ended September 30, 2024, were $1,565 million, compared to $1,240 million in the same period last year, reflecting a 27% increase[39] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29]

Company Overview - TAT Technologies Ltd. is a leading provider of products and services for the commercial and military aviation industries as well as ground defense industries [3] - The company operates under four segments: Original Equipment Manufacturing (OEM) of heat transfer solutions, MRO services for heat transfer components, MRO services for aviation components, and overhaul and coating of jet engine components [3] Financial Results Announcement - TAT Technologies will release its third quarter results for 2024 on November 18, 2024, after market close [1] - A webcast to review the financial results and provide a business update will be hosted by TAT's CEO and CFO on November 19, 2024, at 8:15 a.m. ET [2] Product and Service Segments - The OEM segment focuses on designing, developing, and manufacturing heat transfer solutions and aviation accessories, including heat exchangers and cooling systems for aircraft [4] - The MRO services for heat transfer components are provided through the Limco subsidiary, which operates an FAA-certified repair station [5] - The MRO services for aviation components are managed by the Piedmont subsidiary, also operating an FAA-certified repair station [6] - The overhaul and coating segment includes services for jet engine components such as turbine vanes and blades [7]

Group 1 - TAT Technologies Ltd. will participate in the LD Micro Main Event XVII on October 29, 2024, in Los Angeles, CA, with management available for one-on-one meetings [1] - The LD Micro Main Event will feature around 150 companies presenting and attending private meetings with investors from October 28 to 30, 2024 [2] - TAT Technologies operates under four segments: OEM of heat transfer solutions, MRO services for heat transfer components, MRO services for aviation components, and overhaul and coating of jet engine components [2][4] Group 2 - TAT's OEM activities include the design and manufacture of heat transfer solutions and aviation accessories for commercial and military aircraft [3] - The MRO services provided by TAT's Limco subsidiary include heat transfer component repairs for airlines and military, while Piedmont subsidiary focuses on MRO for various aircraft components [4] - TAT's overhaul and coating services involve jet engine components, including turbine vanes and blades, ensuring high-quality maintenance for aviation engines [5]

Core Insights - TAT Technologies (NASDAQ: TATT) has shown strong stock performance with a 54.7% return since April and a 25.8% return since July [1] Group 1: Company Performance - The recent earnings report for TAT Technologies is discussed, highlighting its significant growth prospects in the aerospace, defense, and airline industry [1] - The stock's performance indicates a positive market response and investor confidence in the company's future [1] Group 2: Industry Context - The aerospace, defense, and airline sectors are characterized by complex dynamics and substantial growth opportunities, which are analyzed to inform investment strategies [1] - The analysis is supported by data-driven insights, emphasizing the importance of analytics in understanding industry developments [1]

CHARLOTTE, N.C., Aug. 29, 2024 /PRNewswire/ -- TAT Technologies Ltd. (TASE: TAT Tech) (NASDAQ: TATT), a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, today announced that management will present at the Lake Street Capital Markets 8th Annual Best Ideas Growth "Big8" Conference on September 12th in New York City. Management will conduct one-on-one meetings with institutional investors, discussing its growth strategy, recent exp ...

Company Delivers 7th Consecutive Quarter of Expanding Revenues and Profits Management Reviews Financial Results and Provides Business Update on Quarterly Webcast CHARLOTTE, N.C., Aug. 28, 2024 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month and six-month period ended June 30, 2024. Financial Hi ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the month of August 2024 Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Yes ☐ No ☒ REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Hamelacha 5, Netanya 4250540, Israel (Address of Principal Executive Office) Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T R ...

NETANYA, Israel, May 22, 2024 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month period ended March 31, 2024. Financial highlights for the first quarter of 2024: Mr. Igal Zamir, TAT's CEO and President commented on the results: "The first quarter of 2024 marked the seventh straight quarter of Reve ...