Foreign Filer Report • Sep 29, 2016
Foreign Filer Report
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Washington, D.C. 20549 ________________________
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2016 ________________________
(Translation of registrant's name into English) ________________________
P.O.BOX 80, Gedera 70750 Israel (Address of registrant's principal executive office)
________________________
Indicate by check mark whether the registrant files or will file annual reports under cover 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 the registrant by furnishing the information contained in this Form 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- ____________
99.1 Company Investor Presentation – September 2016.
TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original Equipment Manufacturing or "OEM" of Heat Management Solutions (ii) Heat Transfer Services and Products (iii) Maintenance, Repair and Overhaul or "MRO" services of Aviation Components; and (iv) overhaul and coating of jet engine components.
TAT's activities in the area of OEM Heat Management Solutions are focused on the design, development, manufacture, and sale of the following: (i) a broad range of heat transfer components including heat exchangers, pre-coolers and oil/fuel hydraulic coolers used in mechanical and electronic systems on-board commercial, military and business aircraft; (ii) environmental control and cooling systems on board aircraft and for ground applications; and (iii) a variety of other electronic and mechanical aircraft accessories and systems such as pumps, valves, power systems and turbines.
TAT's activities in the area of Heat Transfer Services and Products include the maintenance, repair and overhaul of heat transfer equipment and to a lesser extent, the manufacture of certain heat transfer product parts. TAT's Limco subsidiary operates an FAA certified repair station, which provides heat transfer MRO services and products for airlines, air cargo carriers, maintenance service centers and the military.
TAT's activities in the area of MRO services for Aviation Components include the maintenance, repair and overhaul of APUs, Landing Gears and other aircraft components. TAT's Piedmont subsidiary operates an FAA certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.
TAT's activities in the area of jet engine overhaul includes the overhaul and coating of jet engine components such as turbine vanes and blades, fan blades, variable inlet guide vanes, afterburner flaps and other components.
For more information of TAT Technologies Ltd., please visit our web-site: www.tat-technologies.com
Contact:
Mr. Guy Nathanzon CFO Tel: +972-8-8628500 [email protected]
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/ Guy Nathanzon
Guy Nathanzon Chief Financial Officer
Date: September 29, 2016

TAT
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," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar forward-looking statements and any statements regarding TAT's future financial condition, results of operations and busing statements. These forward-looking statements involve certain risks and uncertainties. Factors that could cause actually from those contemplated by the forward-looking statements include, among others, the following factors: continued compliance with government regulations; competition in the industry in which TAT does business; TAT's business strategy and plans; exchange rate fluctuations; and political, economic and military conditions in Irrael.
Any forward-looking statements in this presentation are not guarantees of future performance, and actual results, developments and business decisions may differ from those contemplated by those tatements, possibly materially. Except as otherwise required by applicable law, TAT disclaims any duty to update any forward-looking statements.
Additional discussions of risks and uncertainties that may 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 filed from time to time.
TAT is a leading provider of heat management solutions, related accessories and services for the aerospace and defense industries.
Acquired Limco in 1993 Acquired Piedmont in 2005 Acquired Chromalloy Israel in 2015
Revenue:
YTD June 30 2015: \$ 42M
YTD June 30 2016: \$ 47.2M
500 customers (Boeing, Lockheed Martin, Airbus, Embraer ... )
More than 600 employees in 4 locations: Gadera and Kiryat Gat, Israel Tulsa, Oklahoma, USA Kernersville, North Carolina, USA
NASDAQ and Tel Aviv stock exchange traded (Ticker: TATT)
54% held by Fimi Opportunity Funds
4
TAT


TÁT

TAT

√From components to system level VPECS: power electronics cooling systems
√Air Conditioning Systems

3。Design and manufacturing of fuel flow accessories
TÁT


√ Heat Exchangers VAPU √Landing gears ✓Jet engines blades







TÁT


TAT

TAT


TÁT
| S Millions | 2012 | 2013 | 2014 | 2015 | H1/16 |
|---|---|---|---|---|---|
| Revenue | 77.9 | 79.6 | 80.7 | 85.6 | 47.2 |
| Gross Profit | 18.5 | 17.8 | 16.2 | 13.7 | 8.3 |
| Gross Margin | 23.7% | 22.4% | 20.1 % | 16.0% | 17.6% |
| Operating Income | 5.4 | 5.3 | 3.8 | 5.6 | 0.6 |
| Operating Margin | 6.9% | 6.7% | 4.7% | 6.5% | 1.2% |
| Net Income (loss) | -1.7 | 2.8 | 1.4 | 5.8 | -2.4 |
| EBITDA | 7.3 | 7.2 | 5.9 | 3.6 | 2.3 |
| EBITDA % | 9.4% | 9.0% | 7.3% | 4.2% | 4.9% |
| S Millions | Q2'14 | Q3'14 | Q4'14 | Q1'15 | Q2'15 | Q3'15 | Q4'15 | Q1'16 | Q2'16 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.6 | 20.3 | 21.4 | 20.5 | 21.5 | 21.9 | 21.7 | 23.6 | 23.6 |
| Gross Profit | 3.9 | 3.7 | 5.2 | 3.8 | 4.2 | 3.4 | 2.3 | 3.9 | 4.4 |
| Gross Margin | 18.9% | 18.2% | 24.3% | 18.5% | 19.5% | 15.5% | 10.6% | 16.7% | 18.6% |
| Operating Income | 0.7 | 0.6 | 2.2 | 1.1 | 1.1 | 0.5 | 2.9 | 0.3 | 0.3 |
| Operating Margin | 3.2% | 3.2% | 10.1% | 5.3% | 5.4% | 2.3% | 13.5% | 1.3% | 1.3% |
| Net Income (loss) | 0.3 | -0.4 | 1.1 | 2.0 | 0.7 | 0.2 | 3 | 0.04 | -2.5 |
| EBITDA | 1.2 | 1.2 | 2.7 | 1.6 | 1.8 | 1.1 | (1) | 1.1 | 1.2 |
| EBITDA % | 5.7% | 5.8% | 12.6% | 8.0% | 8.4% | 5.0% | (4.6%) | 4.7% | 5% |
TÁT
TÁT
| \$ Millions | 2013 | 2014 | 2015 | H1'16 |
|---|---|---|---|---|
| Cash And Deposits | 29.9 | 28.0 | 26.8 | 21.8 |
| Working Capital | 73.8 | 70.8 | 70.8 | 65.8 |
| Total Assets | 108.9 | 99.2 | 109.6 | 109.4 |
| Debt | 0.9 | 0.0 | 0.0 | 0.0 |
| Equity | 35.6 | 85.5 | 91.4 | 86.2 |

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