AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

TAT Technologies Ltd.

Foreign Filer Report May 23, 2017

7072_rns_2017-05-22_22f53a57-4aa1-4a28-ac37-f8f3b636f8d6.pdf

Foreign Filer Report

Open in Viewer

Opens in native device viewer

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________FORM 6-K

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

For the month of May 2017

________________________TAT TECHNOLOGIES LTD.

(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 ý 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 ý

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

6-K Items

99.1 Company Investor Presentation –May 2017

About TAT Technologies LTD

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 ("OEM") of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary.

TAT's activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.

TAT's activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT's Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services 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 MRO 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 overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.

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]

SIGNATURES

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: May 22, 2017

Exhibit 99.1

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," "argets," "projects" "intends" "plans," "believes," "seeks," "estimates" variations of such words and similar expressions identify for ward-looking 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 actually from those contemplated by the forward-hoking statements include, among others, the following factors: continued compliance with government regulation in the industry in which TAT does business; TAT's business strategy and plans; exchange rate fluctuations; and political, economic and military conditions in Israel.

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 statements, 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 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 to time.

Investment Highlights

TAT is a leading provider of heat management solutions, related accessories and services for the aerospace and defense industries.

Target markets

  • V Design and Manufacturing (OEM) Heat management solutions: components and systems
  • Maintenance, repair and overhaul (MRO) Heat management solutions, APU, landing gears, jet engines blades

TAT Group – Key Facts

Founded in 1969
Acquired Limco in 1993
Acquired Piedmont in 2005
Acquired Turbochrome in 2015
> 500 customers
(Boeing, Lockheed Martin,
Airbus, Embraer )
NASDAQ and
Tel Aviv stock
exchange traded
(Ticker: TATT)
Revenue:
YTD March 31 2016: \$ 23.6M
YTD March 312017: \$ 27.1M
More than 600 employees
in 4 locations:
Gadera and Kiryat Gat, Israel
Tulsa, Oklahoma, USA
Kernersville, North Carolina, USA
59.5% held by Fimi
Opportunity Funds

TAT Group -Senior Management

Amos Malka

Chairman of the Board

  • In position since June 2016
  • Former Head of the Israeli Defense Intelligence and Commander of the IDF Ground Forces Command. Retired in 2002
  • Founder and Chairman of Spire Security Solutions Ltd. and Nyotron Information Security Ltd

Prior positions:

747

  • = 2007-2015: Chairman of the Board of Logic Industries Ltd
  • 2007-2010: Chairman of the Board of Plasan Sasa Ltd
  • 2002-2005: CEO Elul Technologies Ltd

Igal Zamir

President & CEO

In position since April 2016 .

Prior experience:

  • · President Mapco Express (subsidiary of Delek US Holdings Inc)
  • CEO Metrolight Ltd
  • CEO-Rostam Ltd (acquired by Albaad Massout Yitzhak Ltd)

Guy Nathanzon

CFO

In position since July 2015 .

Prior experience:

  • CFO- Altair-Semiconductors .
  • . CFO - Provigent - acquired by Broadcom (NASDAQ: BRCM)
  • Senior auditor PwC

Aviation Industry — Market Trends

Growth
measures
Region New
airplanes
Value
(SB)
World economy 3.2% Asia Pacific 12.030 1.700
Gross domestic
product (GDP)
Europe 7,760 970
Airplane fleet 3.5% North America 7.290 820
Humber of 4.000 Middle East 2,370 470
passengers Latin America 2.510 260
Airline traffic
Revenue passenger-
5.0% ClS+ 1.140 130
kilometers (RPK) Africa 900 120
Cargo traffic 5.2% Total 34,000 4,470
Revenue tonne-
kilometers (RTK)
"Commonwealth of independent States.

1 • Design and manufacturing of heat management components

  • ✔ Heat exchangers
  • ✓ Cold plates
  • √ Oil Coolers

TAT

✓ Fuel submerged HX

Component Locations

Component Locations

2 . Design and manufacturing of heat management systems

  • √ From components to system level
  • V PECS: power electronics cooling systems
  • V Air Conditioning Systems

3 . Design and manufacturing of fuel flow accessories

  • ✓ Fuel valves
  • ✓ Solenoid valves
  • √ Fuel control valves
  • ✓ Fuel pumps

TAT

4 • Maintenance, repair and overhaul (MRO)

  • ✔ Heat Exchangers
  • V APU
  • Landing gears

  • ✓ Jet engines blades

Commercial Platforms

Defense Platforms

Customer Base

Honeywell
Helicopter
LOCKHEED MARTIN
A Textron Compan
y
Lufthansa
Honeywell
LIEBHERR BOMBARDIER WARDIER
5 AIRBUS
BRITISH
IBERIA S
U.S. AIR FORCE
G-)
RAFAEL
shall and to the poss .
Cessna
KLIV
AIRFFRANCE /
AIRLINES O
( Lufthansa Technik
0/1/
EMBRAER
THALES
UNITED
ELTVALJNI
Hamilton
Sundstrand
0
Diamond. COBEING Raytheon American Airlines
U.S AIRWAYS
® AIRBUS
ADELTA NATC

Strength / Differentiators

TÁT

Capabilities and Expertise

Parker and

QUALITY MONTH 2010

TAT TECHNOLOGIES LTD

Certifications

  • V AS 9100
  • V ISO 9001
  • V Preferred Supplier for: Boeing, Lockheed Martin
  • ✓ Aviation Authorities Certifications: FAA, EASA, DGAC, Thai, CAAV, NADCAP
  • Authorized Repair Station -2 ✓ Honeywell IOP OneAero OneAero. OneAer

Growth Drivers

TAT

  • √ Going upstream in the chain (from components to systems)
  • V Enter into new platforms aviation and ground
  • V Maintenance, repair and overhaul (MRO) of new parts
  • V Organic growth and acquisitions
  • < Expand to new territories: Eastern Europe, Asia, UK etc

Revenue Trend

TAT

Revenue Trend

Financial Results - Annual

TAT

\$ Millions 2012 2013 2014 2015 2016 Q1'17
Revenue 77.9 79.6 80.7 85.6 95.8 27.1
Gross Profit 18.5 17.8 16.2 13.7 19 5.6
Gross Margin 23.7% 22.4% 20.1 % 16.0% 19.9% 20.7%
Operating Income 5.4 5.3 3.8 5.6 4.1 1.9
Operating Margin 6.9% 6.7% 4.7% 6.5% 4.3% 7.0%
Net Income (loss) -1.7 2.8 1.4 5.8 0.1 1.2
EBITDA 7.3 7.2 5.9 3.6 7.8 2.9
EBITDA % 9.4% 9.0% 7.3% 4.2% 8.1% 10.7%

(*) During 2016 the Company had \$ 2.7 million tax expenses related to distribution of dividends from foreign subsidiaries

(**) During 2015 the company had \$ 4.8 million gain on bargain purchase related to acquisition

Financial Results - Quarterly

\$ Millions Q1'15 Q2'15 03/15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17
Revenue 20.5 21.5 21.9 21.7 23.6 23.5 23.7 25.0 27.1
Gross Profit 3.8 4.2 3.4 2.3 3.9 4.4 4.9 5.8 5.6
Gross Margin 18.5% 19.5% 15.5% 10.6% 16.7% 18.6% 20.7% 23.3% 20.7%
Operating Income 1.1 1.1 0.5 2.9 0.3 0.3 1.5 2 1.9
Operating Margin 5.3% 5.4% 2.3% 13.5% 1.3% 1.3% 6.3% 8.4% 7.0%
Net Income (loss) 2.0 0.7 0.2 3 0.04 -2.5 0.9 1.6 1.2
EBITDA 1.6 1.8 1.1 (1) 1.1 1.2 2.4 3.1 2.9
EBITDA % 8.0% 8.4% 5.0% (4.6%) 4.7% 5% 10.2% 12.3% 10.7%

(*) Following a periodic assessment of its long-term projects, the Company updated its estimates of profits expected to be tem contract. This assessment resulted in a decrease in revenues for the first quarter of 2017 in an amount of \$0.5 million in net income

Strong Balance Sheet

\$ Millions 2013 2014 2015 2016 Q1'17
Cash And Deposits 29.9 28.0 26.8 22.4 24.8
Working Capital 73.8 70.8 70.8 66.7 68.8
Total Assets 108.9 99.2 109.6 112.0 113.8
Debt 0.9 0.0 0.0 0.0 0.0
Equity 85.6 85.5 91.4 88.7 90.3

(*) During 2016 the company distributed a cash dividend of \$3.0 million

Dividend Distribution History

\$ Millions
Cash Dividend

*In May 17, 2017 the company declared on a cash dividend of \$3 million payable on June 21, 2017 to shareholders of record on June 7, 2017.

Talk to a Data Expert

Have a question? We'll get back to you promptly.