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TAT Technologies Ltd.

Foreign Filer Report Dec 17, 2024

7072_rns_2024-12-17_9ced8d3b-4415-4f47-8679-6119503d9154.pdf

Foreign Filer Report

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

F O R M 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2024

TAT TECHNOLOGIES LTD.

(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-FForm 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.

YesNo

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ____________

TAT Technologies Ltd.

Explanatory Note

TAT Technologies Ltd. (the "Company") hereby furnishes its investors presentation, which is attached to this Form 6-K as Exhibit 99.1

Disclaimer

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.

2

Exhibit Index

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

SIGNATURE

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

FORWARD-LOOKING STATEMENTS

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.

ACRONYM GUIDE

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 AND PROVEN LEADERSHIP

Experienced senior management team with significant depth, longevity and industry experience.

AMOS MALKA

CHAIRMAN OF THE BOARD Since 2016

IGAL ZAMIR

PRESIDENT & CHIEF EXECUTIVE OFFICER Since 2016

EHUD BEN YAIR

CHIEF FINANCIAL OFFICER Since 2018

JASON LEWANDOWSKI

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.

Previous Positions:

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%

KEY STRATEGIC PRODUCT SEGMENTS

ರ್ವೆಜ

VALUE PROPOSITION

  • Strategic Capabilities Supporting Future Growth
  • Strong Demand for > Products & Services
  • 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

TAT SUBSTANTIAL OFFERINGS

THERMAL SOLUTIONS

Thermal components for power electronics

THERMAL SOLUTIONS Thermal components for Environmental Control Systems Callery Courses APU MRO THERMAL SOLUTIONS 12:20 Thermal components for fuel inerting system LANDING GEAR MRO THERMAL SOLUTIONS Thermal components for hydraulic systems

THERMAL SOLUTIONS OEM Solutions & MRO Services

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.

THERMAL SOLUTIONS POTENTIAL

Short Term:

  • · The "After COVID" effect increased demand for flights, together with a slower-than-needed aircraft being built creating a high demand for Aviation MRO services.
  • · TAT's close and long-lasting relationship with its client and our multi-product company as an OEM and MRO service provider enables us to gain market share by increasing our value proposition to customers.
  • · R&D capabilities as an OEM enable us to participate in bids for new types of engines and aircraft platforms in the future.

Long Term:

11

  • · TAT has decades of experience in providing thermal components and solutions for integrators, our knowledge enables us to create a holistic solution as a Thermal System OEM and provider.
  • · R&D capabilities and market leading in thermal solutions puts us on the front line for future aviation designs like as
  • electrification of aircraft and eVTOL.

APU MRO SERVICES Maintenance, Repair & Overhaul

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

APU POTENTIAL

STRATEGIC AGREEMENTS

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.

AUTHORIZED

MRO Embraer - eJet 175 aircraft MRO ATR - 42/72 aircraft

LANDING GEAR MRO POTENTIAL

Growing demand for MRO

  • · Full in-house capabilities in MRO
    • Machining services
    • Plating services
  • · Resulting in lower cost

TRADING & LEASING

Leasing:

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.

Trading:

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.

TRADING & LEASING POTENTIAL

  • · Leasing In-house capabilities of MRO for APU enable us to refurbish a variety of APUs until "as good as new" condition and to increase our fleet of leasing APUs.
  • · Trading as the industry suffers from Supply Chain challenges, our variety of solutions and in-house engineering capabilities, from small components such as Valves and Pumps, through Heat Exchangers (OEM/MRO) to APU and Landing Gear MRO services, gives us a wide market reach to parts to meet industry needs.

STRATEGIC AGREEMENTS

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

BACKLOG LTA & Backlog

500

NEW TECHNOLOGIES Future Drivers

THERMAL SYSTEMS FOR ELECTRIC AIRCRAFT & AUTONOMOUS AIRCRAFT

ADDITIVE MANUFACTURING & 3D PRINTING

FULL THERMAL SOLUTIONS TO ENGINE HEADS

Q3 2024 RESULTS Key Indicators

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
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

FAST GROWTH TREND Revenue by Product

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%

PERFORMANCE Upward Trend Across All Financial Parameters

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 )

NET INCOME (\$M)

OTHER CAPABILITIES

  • · TAT Technologies has nearly 50 years of experience in the development of fluid controls and accessories for defense and commercial platforms.
  • · TAT Technologies provides highly qualified, maintainable and affordable Environmental Control Systems (ECS) for defense applications.
  • · TAT Technologies utilizes advanced technologies to repair and recondition engine components for both commercial and military engines as well as ground turbines.
  • · TAT Technologies is a one-stop-shop offering a multitude of specialized services for repair, refurbishment or remanufacturing of components.

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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