Foreign Filer Report • Dec 17, 2024
Foreign Filer Report
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Washington, D.C. 20549
For the month of December 2024
(Name of Registrant)
Hamelacha 5, Netanya 4250407 Israel (Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ____________
TAT Technologies Ltd. (the "Company") hereby furnishes its investors presentation, which is attached to this Form 6-K as Exhibit 99.1
The information contained herein is only a summary, does not exhaust all the information about the Company and its Operations, and does not replace a review of the Company's Periodical and Annual Reports on Form 20-F and in other information which is filed and furnished with the Israel Securities Authority and the U.S. Securities and Exchange Commission. Material information regarding the Company which is included in this slide deck has been published to the public in the past as part of the Company's reporting. That said, the information or data presented may be presented in a different manner and/or segmentation from those previously furnished in the Company's Reports.
The presentation does not constitute or form part of any invitation or offer to invest or purchase the Company's securities and in particular does not constitute an "offer to the public" or "sale to the public" of any kind, the presentation is intended solely for the provision of information included in it and does not constitute a recommendation or opinion or a substitute for the judgment of an investor for any kind of decision and does not pretend to include all the information that may be relevant for the purpose of making any decision regarding the investment in the Company's securities and in general.
This presentation may include forward-looking information as defined in the Securities Law, 1968 and in the U.S. Private Securities Litigation Reform Act of 1995, including forecasts, goals, business strategy, evaluations and estimates regarding both the Company's activities and the markets in which it operates, as well as any other information, in any form in which it is presented, that relates for future events or matters, the realization of which is uncertain and not under the Company's control.
Any forward-looking information is based on current estimates and assumptions, among others, by the Company's management, which, although the Company believes are reasonable, are inherently uncertain and are partially based on subjective estimates. The realization or non-realization of the forward-looking information will be affected and depended on a variety of factors including, including the risk factors which are inherent to the Company's activity, third party decisions, including regulatory authorities and engagements with third parties, as well as by developments in the economic environment and the external factors which impact the Company's activity, which cannot be assessed in advance and are out of the Company's control. Actual results and achievements of the Company in the future may be materially different from those presented in the forward-looking information presented in this presentation. The Company does not undertake to update or change such a forecast or estimate in order to reflect events and/or reasons that will apply after the date of this presentation and does not undertake to update this presentation.
This Report on Form 6-K of TAT Technologies Ltd. consists of the following document, which is attached hereto and incorporated by reference herein:
Exhibit 99.1 Investor Presentation
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 Ben-Yair Ehud Ben-Yair Chief Financial Officer
Date: December 16, 2024

This presentation may contain certain forwards withing the meaning of the "safe harbor" provisions of the Private Securities Lifgation Reform Act of 1995. Generally, the words "expects", "argets", "goals", "intends", "plans", "believes", "seeks", "estimates", variations of such works and similar expressions identify statements and any statements regarding TAT's future financial condition, results of operations and business are also forward-looking statements involve certain risks and uncertainties. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others, continued compliance with government regulations; general economic and political, economic and military conditions in Israel.
Any forward-looking statements in this presentation are not guarantees of tuture performance, and actual results, devisions may differ from those contemplated by those forwards, possibly materially. Except as otherwise required by applicable law, TAT disclaims any duty to update any forward-looking statements.
Additional discussions of risks and uncertainly affect the accuracy of forward-looking statements included in this presentation or which may otherwise affect TAT's business is included under the heading "RISK FACTORS" in TAT's filings on Forms 20-F and 6-K, which are fied from time to time.
| OEM : Original Equipment Manufacturer | LTA: Long-Term Agreement |
|---|---|
| MRO : Maintenance, Repair & Overhaul | LG : Landing Gear |
| APU : Auxiliary Power Unit | HX : Heat Exchanger |

T A T i s a t r u s t e d p a r t n e r , p r o a c t i v e l y s o l v i n g c o m p l e x a e r o s p a c e c h a l l e n g e s t o e n a b l e o u r p a r t n e r s t o o p e r a t e w i t h c o n f i d e n c e a n d a c h i e v e o p e r a t i o n a l s u c c e s s a c r o s s t h e i r t h e r m a l , A P U a n d l a n d i n g g e a r s y s t e m s .

Experienced senior management team with significant depth, longevity and industry experience.
CHAIRMAN OF THE BOARD Since 2016
PRESIDENT & CHIEF EXECUTIVE OFFICER Since 2016
CHIEF FINANCIAL OFFICER Since 2018
CHIEF OPERATING OFFICER Since 2022

Major General (ret.) Former Head of the Israeli Defense Intelligence and Commander of the IDF Ground Forces Command. Retired 2002.
Chairman of the Board. Logic Industries, Ltd. Chairman of the Boards, Plasan Sasa, Ltd. CEO, Elul Technologies, Ltd.

Previous Positions: President, Mapco Express (subsidiary of Delek US Holdings, Inc) CEO. Metrolight, Ltd. CEO, Rostam, Ltd

Previous Positions: CFO, SHL Telemedicine (SHLTN) CFO & Vice CEO, Opgal Optronics (Subsidiary of Elbit Systems and Rafael) CFO, Orad Hi Tech Systems (OHT)

Previous Positions: GM, VP Manufacturing, Proterra Sr. Director Operations, Honeywell Aerospace Surface Warfare Officer, US NAVY
TAT Technologies is dually listed on NASDAQ (TATT) and on the Tel Aviv Stock Exchange (Hobrow) Main Shareholder: FIMI 26.5%


ರ್ವೆಜ

Proven Leadership Team

Trusted Partner with 300+ Customers Including Tier 1 aircraft manufacturers, system integrators and airlines
\$423M Backlog & Long-term Agreements
| Honeywell < EMBRAER AIRBUS FedEx LOCKHEED MARTING & RTX | |||
|---|---|---|---|
| Gulfstream AmericanAirines & DELTA UNITED SAFRAN |
Thermal components for power electronics



TAT Technologies delivers end-to-end thermal solutions from design and manufacturing of high-performance OEM certified systems and products for tier 1 aircraft and system manufacturers, to specialized repair and overhaul (MRO) services.
For over 70 years, TAT has widely served both U.S. and international airlines and a majority of governmentAerospace & Defense contractors.


11


TAT Technologies is an OEM licensed MRO service provider for multiple APU (Auxiliary Power Units) platforms representing over 25,000 aircraft that are still in current production. As an authorized repair facility for Honeywell, the certifications and strategic agreements position us as one of the few licensed providers and significant commercial creates advantages for us to competitively position ourselves in the market.
REVENUE (\$M) 10.5 10.6 9.1 9.1 8.2 7.2 Q2 -23 Q3 -23 Q4 -23 Q1 -24 Q2 -24 Q3 -24

| MRO FOR B757/767, C17 APU |
1.500 AIRCRAFT 10 year agreement |
Estimated annual market size \$85M |
SIGNED 09/2020 |
|---|---|---|---|
| MRO FOR B777 APU | CURRENTLY 1,600 AIRCRAFT PRODUCTION ONGOING 10 year agreement |
Estimated market size \$290M annually |
SIGNED 12/2020 |
| MRO FOR B737 & A 320 SERIES APU |
CURRENTLY 22,000 AIRCRAFT PRODUCTION ONGOING 10 year agreement |
Estimated market size >\$2,200M annually Production readiness First customer launched Q1-24 |
SIGNED 06/2021 |

| ENGINE | PLATFORM | CURRENT YEARLY MARKET SIZE |
TAT'S CURRENT MARKET SHARE |
MARKET SHARE POTENTIAL FOR THE COMING YEARS |
|---|---|---|---|---|
| 331-20X | B767.B757.C17 | \$85M | 29% | 53% / |
| 331-500 | B777 | \$290M | <1% | 10% / |
| 131 | B737, A319-21 | \$2,200M | <1% | 5% |
13 INVESTOR PRESENTATION - DECEMBER 2024

331-500
131
331-20X



TAT Technologies delivers MRO services for landing gear systems across multiple aircraft platforms utilized across the commercial airline, business jet and military markets. We maintain strategic agreements and certifications from OEMs that ensure access to a significant portion of the market with ongoing opportunities with these fleet of aircraft.
MRO Embraer - eJet 175 aircraft MRO ATR - 42/72 aircraft



Growing demand for MRO


TAT holds an inventory of more than 20 APU engines, mainly 331-500 utilized on the Boeing 777 aircraft. This fleet, along with other series of APUs enables us to meet the growing demand of our customers and overcome market shortage for APUs and parts.
MRO As service provider, an TAT is involved in trading parts such as APU's parts, Heat Exchangers, Landing Gear and other parts across all TAT product lines. This allows us to maintain efficient inventory as well as on going supply of parts needed.



| 18 ENGINES PURCHASED AS HONEYWELL EXCLUSIVE ENGINE BANK FOR B777 APU |
CURRENTLY 1,600 AIRCRAFT PRODUCTION ONGOING 10 year agreement |
Annual estimated lease income \$4.5M |
SIGNED 12/2020 |
|---|---|---|---|



500



THERMAL SYSTEMS FOR ELECTRIC AIRCRAFT & AUTONOMOUS AIRCRAFT

ADDITIVE MANUFACTURING & 3D PRINTING

FULL THERMAL SOLUTIONS TO ENGINE HEADS

| TAT YOY (SM) | Q3-24 | Q3-23 | 4 | 9M-24 | 9M-23 |
|---|---|---|---|---|---|
| Revenues | 40.5 | 29.9 | 1 35% |
111.1 | 82.0 |
| Gross Profit | 8.5 | 5.8 | 个 46% |
23.5 | 15.5 |
| Gross Margin | 21.0% | 19.4% | 个160bp | 21.2% | 18.9% |
| Adjusted EBITDA | 5.1 | 3.0 | C 70% |
13.1 | 7.7 |
| Adjusted EBITDA Margin | 12.6% | 10.1% | 个250bp | 11.8% | 9.3% |
| Net Profit | 2.9 | 2.2 | C 33% |
7.6 | 4.3 |
| EPS (diluted, \$) | 0.26 | 02.4 | ← 9% |
0.69 | 0.47 |

| REVENUES BY PRODUCT (000's) |
Q3-23 | Q4-23 | Q1-24 | Q2-24 | Q3-24 | Q3YOY |
|---|---|---|---|---|---|---|
| Heat Exchange | 12.5 | 13.3 | 14.2 | 15.8 | 16.6 | 33% |
| APU | 8.2 | 9.2 | 9.2 | 10.7 | 10.5 | 27% |
| Landing Gear | 2.5 | 2.3 | 1.5 | 2.0 | 1.8 | -28% |
| Trading & Leasing | 1.8 | 2.2 | 2.9 | 2.0 | 5.7 | 22% |
| Others | 5.0 | 4.7 | 6.3 | 6.1 | 5.9 | 19% |
| Total Revenues | 29.9 | 31.8 | 34.1 | 36.5 | 40.5 | 35% |
| YOY | 43% | 36% | 35% | 36% | 35% |





G R O S S P R O F I T S & M A R G I N S ( \$ M )


O P E R A T I N G P R O F I T S & M A R G I N S ( \$ M )


27 INVESTOR PRESENTATION - DECEMBER 2024

REVENUE (\$M) 6.3 6.1 5.9 5.0 4.7 Q3-23 Q4-23 Q1-23 Q2-24 Q3-24


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