TAT Technologies Ltd.

Foreign Filer Report • Nov 19, 2024

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 November 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-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.

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: November 18, 2024

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" "targets" "goals" "projects" "intends," "plans," "believes," "seks," variations of such words and similar expressions identify forward-looking statements and any statements regarding TAT's future financial condition, results of operations and business are also forwardlooking statements. These forward-looking statements involve certainties. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others, the following factors: continued compliance with government regulations; competition in the 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 forward-looking statements, possibly materially. Except as otherwise required by applicable law, TAT disclaims any forward-looking statements.

Additional discussions of risks and uncertainties that may 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 filed from time to time.

Third Quarter 2024 Results Key Indicators

\$M	Q3-24	Q3-23		ব	9M-24	9M-23		(
Revenue	40.5	29.9	1	35%	111.1	82.0	C	36%
Gross Profit	8.5	5.8	1	46%	23.5	15.5	12	52%
Gross Margin	21.0%	19.4%	->	160bp	21.2%	18.9%		230bp
Operating Profit	3.4	1.8	16	96%	8.4	4.2	C	93%
Operating Margin	8.5%	5.9%	1	260bp	14.0%	9.5%		450bp
Adjusted EBITDA	5.1	3.0	C	70%	13.1	7.7	12	72%
Adjusted EBITDA Margin	12.6%	10.1%	C	250bp	11.8%	9.3%		250bp
Net Profit	2.9	2.2	1	33%	7.6	4.3	C	77%
EPS (diluted, \$)	0.26	0.24	C	9%	0.69	0.47	←	48%

Significant Improvement Across All Key Metrics

UPWARD TREND IN REVENUE AND EBITDA STARTED IN Q4/22

TAT UNIQUE PROPOSITION

EXPERIENCE AND EXPERTISE

Over 7 decades in defense and commercial aviation

DECADES OF EXCELLENCE

In MRO for Honeywell APU, Safran and Liebherr landing gears , and thermal components MRO

THERMAL SOLUTION

Over 60 years of design, production and repair of heat transfer solutions

OVER 300 CUSTOMERS

Partner with tier 1 aircraft manufacturers, system integrators and airlines

OVER\$400 MILLION Backlog and LTA

3 OPERATIONAL

SITES Greensboro NC, Tulsa OK, Kiryat Gat Israel

KEY STRATEGIC PRODUCT SEGMENTS

THERMAL SYSTEMS & COMPONENTS OEM AND MRO

APU-HONEYWELL AUTHORIZED MRO

LANDING GEARS-LIEBHERR & SAFRAN AUTHORIZED MRO

TOP MANAGEMENT

Amos Malka Chairman of the Board In position since June 2016

Maj. Gen. (ret.) Former Head of the Israeli Defense Intelligence and Commander of the IDF Ground Forces Command. Retired in 2002.

Previous Positions:

2007-2015 – Chairman of the Board of Logic Industries Ltd. 2007-2010 - Chairman of the Board of Plasan Sasa Ltd. 2002-2005 - CEO at Elul Technologies Ltd.

Mr. Igal Zamir President & CEO In position since April 2016

Mr. Ehud Ben Yair CFO In position since May 2018

Previous Positions: 2009-2013 - President at Mapco Express (subsidiary of Delek US

Holdings Inc). 2006-2009 - CEO at Metrolight Ltd. 1997-2004 - CEO at Rostam Ltd.

Previous Positions:

2016-2017 - CFO at SHL Telemedicine (SHLTN) 2013-2016 – CFO & Vice CEO at Opgal Optronics (Subsidiary of Elbit Systems and Rafael). 2005-2012 – CFO at Orad Hi-Tech Systems (OHT).

TAT IS DUALLY LISTED ON NASDAQ ("TATT") AND ON THE TEL- AVIV STOCK EXCHANGE (תתאת). MAIN SHAREHOLDER: FIMI 26.5%

G L O B A L P R E S E N C E I N V E S T O R ' S P R E S E N T A T I O N - M A R C H 2 0 2 4 8 T U L S A , O K L A H O M A O E M & M R O T H E R M A L M A N A G E M E N T S O L U T I O N S G R E E N S B O R O , N O R T H C A R O L I N A M R O P O W E R & A C T U A T I O N S O L U T I O N S C H A R L O T T E , N O R T H C A R O L I N A G R O U P O F F I C E K I R Y A T G A T , I S R A E L O E M & M R O T H E R M A L M A N A G E M E N T A N D P O W E R & A C T U A T I O N S O L U T I O N S S C H E N Z H E N C H I N A T H E R M A L C O M P O N E N T S M R O – I N P A R T N E R S H I P W I T H L T S - L U F T H A N S A S H E N Z H E N F U L L O W N E R S H I P P A R T I A L O W N E R S H I P / C O L L A B O R A T I O N I N V E S T O R P R E S E N T A T I O N - S e p 2 0 2 4

STRATEGIC SHIFT - KEY ELEMENTS 2020 - 2024

STRATEGIC SHIFTS TIMELINE STARTED IN 2020

HONEYWELL STRATEGIC AGREEMENTS DURING 2020-21

MRO FOR B757/767,C17 APU 1,500 AIRCRAFTS

10 years agreement Estimated annual market size of \$85M

18 ENGINES PURCHASED AS HONEYWELL EXCLUSIVE ENGINE BANK FOR APU B777. SIGNED 10 years agreement

12/2020 Annual estimated lease income of \$4.5M

MRO FOR B777 APU CURRENTLY 1,700 AIRCRAFT AND PRODUCTION IS ONGOING

SIGNED 12/2020

SIGNED

09/2020

10 years agreement Estimated market size of \$290M Annually

MRO FOR B737 & A 319-20-21 APU CURRENTLY 22,000 AIRCRAFT AND PRODUCTION IS ONGOING 10 years agreement Estimated market size of over \$2,200M annually. First customer launched Q1\24

TAT is licensed to serve most of Honeywell's APUs installed in about 25,000 aircrafts and gained full capabilities to serve all engines since Q4-23 with a Total

Addressable Market of more than \$2.5B annually.

INVESTOR PRESENTATION - Sep 2024

SIGNED

06/2021

The Opportunity

ENGINE	PLATFORM	CURRENT YEARLY MARKET SIZE	TAT'S CURRENT MARKET SHARE	MARKET SHARE POTFNTTAI FOR THE COMING YEARS
331-20X	B767,B757, C17	\$85M	29%	53%
331-500	B777	\$290M	NONE	10%
131	B737, A319-21	\$2,200M	NONE	5%

TAM prior Q1-24 < \$380M; and > \$2.5B After Q1-24

REVENUE AND EBITDA GROWTH ENGINE FOR 2025-2026

D

SEVERAL STRONG PILLARS WILL SUPPORT THE GROWTH IN REVENUE AND EBITDA

STRONG DEMAND for products and services as the industry is ramping out of Covid-strong backlog coverage for 2025 and 2026

• D INCREASED DEMAND in OEM orders as production accelerates

• GROWTH in APU331-200 for 2025 and 2026

GROWTH in APU131 and 331-500 with improved profitability as D we further penetrate the market

STRATEGIC DEALS and substantial opportunities pipeline for D landing gear (Expecting ramp-up in 2025)

NEW TECHNOLOGIES: LONG-TERM GROWTH POTENTIAL

ADDITIVE MANUFACTURING AND 3D PRINTING

CONFORMAL HEAT EXCHANGERS AND OIL COOLERS FOR ENGINES

F I N A N C I A L S I N V E S T O R ' S P R E S E N T A T I O N - M A R C H 2 0 2 4 1 5

Third Quarter 2024 Results Key Indicators

\$M	Q3-24	Q3-23		ব	9M-24	9M-23		(
Revenue	40.5	29.9	1	35%	111.1	82.0	C	36%
Gross Profit	8.5	5.8	1	46%	23.5	15.5	12	52%
Gross Margin	21.0%	19.4%	->	160bp	21.2%	18.9%		230bp
Operating Profit	3.4	1.8	16	96%	8.4	4.2	C	93%
Operating Margin	8.5%	5.9%	1	260bp	14.0%	9.5%		450bp
Adjusted EBITDA	5.1	3.0	C	70%	13.1	7.7	12	72%
Adjusted EBITDA Margin	12.6%	10.1%	C	250bp	11.8%	9.3%		250bp
Net Profit	2.9	2.2	1	33%	7.6	4.3	C	77%
EPS (diluted, \$)	0.26	0.24	C	9%	0.69	0.47	←	48%

Significant Improvement Across All Key Metrics

Last Five Quarters Key Indicators

TAT P&L (\$M)	Q3-23	Q4-23	Q1-24	Q2-24	Q3-24	Q3 YOY
Revenue	29.9	31.8	34.1	36.5	40.5	35%
Gross Profit	5.8	7.0	7.1	8.0	8.5	46%
Gross Margin	19.4%	21.9%	20.7%	21.9%	21.0%	160bp
Operating Profit	1.8	1.8	2.2	2.7	3.4	96%
Operating Margin	5.9%	5.8%	6.5%	7.5%	8.5%	260bp
Net Profit	2.2	0.4	2.1	2.6	2.9	33%
EPS (diluted, \$)	0.24	0.04	0.19	0.25	0.26	9%
Adjusted EBITDA	3.0	3.4	3.7	4.3	5.1	70%
Adjusted EBITDA Margin	10.1%	10.7%	10.8%	11.9%	12.6%	250bp

INVESTOR PRESENTATION - Sep 2024

17

Revenue by Product

Revenue By Product (\$M)	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q3 YOY
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%
Trading & Leasing	1.8	2.2	2.9	2.0	5.7	222%
Landing Gears	2.5	2.3	1.5	2.0	1.8	-23%
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%

Product segment growth works according to our strategy

UPWARD TRENDING REVENUE

Revenue (\$M)

19

Improve Profit and Margins

Gross Profit & Margins (\$M)

* Q4-22 include Grants

20

Operating Profit & Margins (\$M)

* Q4-22 include Grants

INVESTOR PRESENTATION - Sep 2024

21

* Q4-22 include Grants

INVESTOR PRESENTATION - Sep 2024

22

LTA & Orders (M\$)

APPENDICES PRODUCT LINES AND SERVICES

W E K E E P O U R C U S T O M E R S F L Y I N G I N V E S T O R ' S P R E S E N T A T I O N - M A R C H 2 0 2 4 2 6 M O R E T H A N 3 0 0 C U S T O M E R S W O R K I N G W I T H M O R E T H A N 5 0 M A J O R A I R L I N E S 5 L A R G E S T C U S T O M E R S , P R E S E N T 3 3 % O F R E V E N U E I N V E S T O R P R E S E N T A T I O N - S e p 2 0 2 4

WE KEEP OUR CUSTOMERS FLYING

THERMAL MANAGEMENT

DESIGN, MANUFACTURE (OEM) AND MRO SERVICES FOR THERMAL MANAGEMENT SOLUTIONS

THERMAL MANAGEMENT SOLUTIONS

POWER AND ACTUATION

DESIGN, MANUFACTURING AND MRO SERVICES FOR POWER AND ACTUATION SOLUTIONS

APU

LANDING GEARS

FUEL SYSTEM ACCESSORIES

T H A N K Y O U I N V E S T O R ' S P R E S E N T A T I O N - M A R C H 2 0 2 4 3 1