Foreign Filer Report • May 20, 2025
Foreign Filer Report
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Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2025
(Name of Registrant)
5 Hamelacha st, 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.
2
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 99.1Investor 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.
By: /s/ Ehud Ben-Yair Name Ehud Ben-Yair TitleChief Financial Officer
Date: May 19, 2025

TAT Technologies Ltd. (together with its subsitiation states) has fied a registration statement (including a preliminary prospectus) with the U.S. Securities and Exchange Comission (the "SE") for the presentation relates. The registation than not yet become effective. The securities proposed o be offered pursuant to such registration statener may offers to by be accepted, pior of the the registration statement becomes effective. Before you inest, you should read such registration stated prospectus) for nore complete information about the Company and the offering. You may get hese documents for free by visiting EDGA on the SEC swessited www.sec.gov. Allensive readinging in the offering will arrange in see he work will arrange in section statement (including he readed prospects) if you request from Stffel, Nicolion: Syndicate, One Montgmery Street, Suite 370, San Francisco, Califomia 94104, via telephone at (415) 364-2720 or via email at [email protected].
This presentation shall not constitute of the Company nor the solicitation of an offer by any securities of the Company, nor shall here be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would not be permitted.
The Company, the selling shareholders and the end cone anything that would permit the offering to which this presentation relation of this presentation in any jurisdiction vinee adon for than in the United States. Persons outside the United States who come into possession of this presentation must inform themselves about, and observe any to the shares of our ordinary shares and the distibution of the presentation of the presentation or this presentati the United States.
This presentation includes confidential, sensive and its contents, as well as the content of any related discussions with he Company or is representatives stall be ked string reproduction publication of subination of subinformation, directly in whole or in art. is strictly prohibited without the pior witter consert of the freeping obligations shall appy to all appy to all other written or oral communications transmitted to the recipient by or on behalf of the Company.
This presentation nay contain crow and our industy that involve substantial isks and unertainties. Al statements of historical facts contained in this presenting our stratery, future financial condition, tuture operations, projected costs, prospects, plans, objectives of management, and expected market growth, are forwards within the nearing of the "safe harbor" provisions of the Privation Reform Act of 1995. Generaly, the words "expers," "anticipates" "grans," "plans" "plans" "plans" "plans" or variations of such words and similar expressions idently forvard-looking statements involve estain isks and incertainles, including hose described in the section the Section the Section the Section the Plex Factors' and elsewhere in our Annual Report on For the year ended December 31, 2024 and future quarterly reports.
Any forward-looking satements in this presults, levels of fully, performance or everls and circumstances, and actual results, developments and business decisions nay differ naterially from the online statements. The forward-looking statements nade in his presentation elate only to events as of the date on writch the statements an obligation to update any forward-looking statements made in this presentation to reflect events of circumstances after the date of this presentation or the occurrence of unanticipated events, except as required by law

This presentation includes certain final is not presented in accordance with The U.S. GAR, including Adjusted EBTDA Margin. Ne refer to these mesures as "not-J.S. GAP" financial mese non-J.S. GAP nessures as we believe that heir presentation of these enhances an investor's understanding of our financial performance. Although these non-J.S. GAP messures and securities analysis in their eraluations of companies in industries initiations of concerno-U.S. GAP measures have linitations as analycats of our performance under U.S. GAPP and should not be considered as altematives to net income or any other performance measures derived in accordance with U.S. GAP by investos or the users of our financial statements in isolation for formulating decisions, as such non-U.S. GAAP measures exclude a number of important cash and non-cash charges.
You should be aware that our pesentation of these and this presentation nay not be comparable to sinilarly the measures used by other companies. A reconciliation of each of these non-J.S. GAP measure to its not directly comparable with U.S. GAP is provided in the Appendix to his presentation.
Within the presentator, we reference more the market to our poolus and services. We have obtained some of this statistical data, narket data and the includiy data from publications and studies conducted by third-pary souces. Some data and other information this presentation are asso based on management s esimates and calculations which on our review and internal surveys and independent sources. Data regarding the industies in which we compete and our nariet positor and nartel share while in the entire may and are super to suprificant business, economic and control, but we believe they generally inicate size, posion and nation, in addion, assumptons and estimates of ou and our industries inture performance are necessari) subject o a ligh degree of uncertainty and risk due to a vailed of factors could cause our future performance to differ materially from our assumptions and estimates.
We own or have rights to use narks and copyrights which are protected inder application including provins This presentation also ontains tradenarks, tradenames, service marks and copyights of the respecty of their respective owners. Solely of convenience, certain tadenaris, traderanes, service narks and oplights refered on may appear without the @ , and symbols, but such references are not intended in indo assert, to the fules exem under applicable icensors of the applicable liensors to these tradenants, tradenames, service marks and copyrights. Ne to not mind our use o display of other paties tradenanes, service may and such use or disday should rot be construed to imply a relationship with, or endosement or sponsorsing of us by, these other parties.
| OEM: Original Equipment Manufacturer | LTA: Long-Term Agreement |
|---|---|
| MRO: Maintenance, Repair & Overhaul | LG: Landing Gear |
| APU: Auxiliary Power Unit | HX: Heat Exchanger |


Experienced senior management team with significant depth, and industry experience.
CHAIRMAN OF THE BOARD Since 2016
PRESIDENT & CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER Since 2016
EHUD BEN YAIR
Since 2018
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 (Hebrew) Main Shareholder: FIMI 26.5%


THERMAL SOLUTIONS
Thermal components for


(1) Adjusted EBITDA is a non-U.S. GAAP measure. Please see the appendir for a reconciliation of Adjusted EBITDA to the most comparable U.S. GAAP measures

INVESTOR PRESENTATION - MAY 2025 ் இ
Sources: Oliver Wyman

High Demand for Component MRO (\$B)


INVESTOR PRESENTATION - MAY 2025 10
Sources: Oliver Wyman

SEVERAL PILLARS WILL SUPPORT THE COMPANY'S CONTINUED STRONG GROWTH
APU - Entering a +\$2B market through new OEM certifications. The Company is well-positioned against competition and supply chain challenges.
Landing Gear MRO Cycle - Entering the major MRO cycles with two key strategic agreements in place.
Thermal Solutions MRO - Well-known, leading player leveraging costeffectiveness to support a growth rate above the industry.
Thermal Solutions OEM - Demand for newly built aircraft, fleet conversions, and future EVTOL aviation driving future expansion.
Trading & Leasing - Enable clients to overcome supply chain challenges and benefit from TAT's in-house MRO capabilities across all products.



INVESTOR PRESENTATION - MAY 2025 12

(1) Value of LTAs calculated by taking the average annual order quaritity for OEM components and multiplying by prior year average revenue per order and remaining years in the agreement, adjusting for any forward guidance from customers


OEM Solutions & MRO Services

KEY CUSTOMERS
Delivers end-to-end thermal solutions:

Addressable Market



OEM and licensed MRO service provider for multiple APU platforms representing over 25,000 aircraft still in production
As a Honeywell authorized service partner, the Company is one of a few licensed providers, creating a significant commercial advantage and competitive position in the market
INVESTOR PRESENTATION - MAY 2025 17

KEY CUSTOMERS
Fed Ex
| MRO FOR B757/767, Cil APU |
1,500 AIRCRAFT 10 year agreement |
Estimated annual market size \$85M(1) |
SIGNED 09/2020 |
|---|---|---|---|
| MRO FOR B777 APU | CURRENTLY 1,600 AIRCRAFT PRODUCTION ONGOING 10 year agreement |
Estimated market size \$290M annually(1) |
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 (1) 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% | 50% |
| 331-500 | B777 | \$290M | <1% | 10% |
| 131 | B737. A319-21 | \$2,200M | <1% | 5% |
INVESTOR PRESENTATION - MAY 2025 18
(1) From publicy available data provided by Boeing and Airbus, accessed as of April 2025 and Company management estimates (2) As stated in the disclaimer slides, market share potential may not be realized

131
331-20X
331-500


Provider of landing gear MRO services for systems across multiple platforms utilized in commercial airline, business jet and military markets
Maintain strategic agreements with and certifications from OEMs that ensure access to the landing gear market and ongoing opportunities within the following fleets of aircraft:
Embraer - E170/175 aircraft
· Only non-OEM authorized U.S. provider
Gulfstream - G400 and G500
· Exclusive provider to Gulfstream
INVESTOR PRESENTATION - MAY 2025 19

REVENUE (\$M)



Growing demand for MRO services in landing gear


Lease inventory of +20 APU engines, including 331-500 utilized on the Boeing 777 aircraft
This service enables the Company to meet growing demand of our customers by helping them overcome the market shortage for APUs and related parts
Trade APU parts, heat exchangers, landing gear and other parts across all TAT product lines and service offerings
Allows the Company to manage inventory efficiently as well as maintain an ongoing supply of the most in-demand parts


\$13.9M FY 2024


Addressable Market
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
22 INVESTOR PRESENTATION - MAY 2025
(1) From publicly available data provided by Boeing and Airbus, accessed as of April 2025 and Company management estimates
(2) As stated in the disclaimer slides, targets may not be realized




THERMAL SYSTEMS FOR ELECTRIC AIRCRAFT & AUTONOMOUS AIRCRAFT

ADDITIVE MANUFACTURING & 3D PRINTING

FULL THERMAL SOLUTIONS TO ENGINE HEADS


| SM | Q1-25 | Q1-24 | 4 | Q1 YOY |
|---|---|---|---|---|
| Revenue | 42.1 | 34.1 | C | 24% |
| Gross Profit | 10.0 | 7.1 | C | 41% |
| Gross Margin | 23.6% | 20.7% | 1 | 290bp |
| Operating Profit | 4.2 | 22 | 1 | 89% |
| Operating Margin | 9.9% | 6.5% | 1 | 340bp |
| Adjusted EBITDA" | 5.7 | 3.7 | 1 | 56% |
| Adjusted EBITDA Margin™ | 13.6% | 10.8% | 1 | 280bp |
| Net Profit | 3.8 | 2.1 | 1 | 81% |
| EPS (diluted, \$) | 0.34 | 0.19 | ← | 79% |
INVESTOR PRESENTATION - MAY 2025 26

(1) Adjusted EBITDA is a nor-U.S. GAAP measure. Please see the appendir for a reconciliation of Adjusted EBITDA to the most corparatie U.S. GAAP measures
Key Indicators
| TAT P&L (\$M) | Q1-24 | Q2-24 | 03-24 | 04-24 | 01-25 | Q1 YOY |
|---|---|---|---|---|---|---|
| Revenue | 34.1 | 36.5 | 40.5 | 41.0 | 42.1 | 24% |
| Gross Profit | 7.1 | 8.0 | 8.5 | 9.5 | 10.0 | 41% |
| Gross Margin | 20.7% | 21.9% | 21.0% | 23.2% | 23.6% | 290 pp |
| Operating Profit | 2.2 | 2.7 | 3.4 | 4.2 | 4.2 | 89% |
| Operating Margin | 6.5% | 7.5% | 8.5% | 10.2% | 9.9% | 340bp |
| Net Profit | 2.1 | 2.6 | 2.9 | 3.6 | 3.8 | 81% |
| Net Margin | 6.2% | 7.2% | 7.1% | 8.9% | 9.0% | 280bp |
| EPS (diluted, \$) | 0.19 | 0.25 | 0.26 | 0.32 | 0.34 | 79% |
| Adjusted EBITDA® | 3.7 | 4.3 | 5.1 | 5.4 | 5.7 | 56% |
| Adjusted EBITDA Margin (1) | 10.8% | 11.9% | 12.6% | 13.2% | 13.6% | 280bp |
INVESTOR PRESENTATION - MAY 2025 27

(1) Adjusted EBITDA is a nor-U.S. GAAP measure. Please see the appendix for a reconciliation of Adjusted EBITDA to the most comparatie U.S. GAAP measures
| Revenue By Product (\$M) |
01-24 | 02-24 | 03-24 | 04-24 | Q1-25 | Q1YOY |
|---|---|---|---|---|---|---|
| Heat Exchange | 14.2 | 15.8 | 16.6 | 16.6 | 18.4 | 30% |
| APU | 9.2 | 10.7 | 10.5 | 13.0 | 12.3 | 34% |
| Trading & Leasing | 2.9 | 2.0 | 5.7 | 3.3 | 2.1 | -27% |
| Landing Gears | 1.5 | 2.0 | 1.8 | 2.8 | 3.3 | 177% |
| Others | 6.3 | 6.1 | 5.9 | 5.5 | 6.0 | -6% |
| Total Revenue | 34.1 | 36.5 | 40.5 | 41.1 | 42.1 | 24% |
| YOY | 35% | 36% | 35% | 29% | 24% |
| REVENUES BY PRODUCT (SM) |
2022 | 2023 | 2024 | 2024 VS 2023 | |
|---|---|---|---|---|---|
| Heat Exchange | 33.1 | 45.9 | 63.2 | 38% | |
| APU | 18.7 | 31.4 | 43.3 | 38% | |
| Landing Gear | 7.2 | 8.5 | 8.0 | -6% | |
| Trading & Leasing | 6.8 | 8.4 | 13.9 | 65% | |
| Others | 19.3 | 19.5 | 23.8 | 22% | |
| Total Revenues | 85.1 | 113.7 | 152.2 | 34% | |
| YOY | 34% | 34% |


(\$M)





| SM | Q1-23 Q2-23 | Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Net Income | 0.66 | 1.48 | 2.15 | 0.39 | 2.11 | 2.62 | 2.87 | 3.58 | 3.81 |
| Adjustments: | |||||||||
| Affiliated Companies | (0.07) | (0.15) | (0.13) | (0.16) | (0.20) (0.23) | (0.17) | (0.21) | (0.29) | |
| Taxes on Income | (0.03) | (0.06) | (0.39) | 1.06 | (0.15) | 0.04 | 0.02 | 0.29 | 0.59 |
| Financial Expense net | 0.39 | 0.27 | 0.13 | 0.55 | 0.45 | 0.31 | 0.74 | 0.46 | 0.06 |
| D&A | 1.04 | 1.01 | 1.24 | 1.62 | 1.43 | 1.47 | 1.57 | 1.26 | 1.35 |
| share base compensation | 0.09 | 0.03 | 0.01 | 0.03 | 0.04 | 0.15 | 0.11 | 0.09 | 0.22 |
| Adjusted EBITDA | 2.1 | 2.6 | 3.0 | 3.5 | 3.7 | 4.3 | 5.1 | 5.5 | 5.7 |

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