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TAT Technologies Ltd.

Investor Presentation Mar 26, 2025

7072_rns_2025-03-26_130f0bd3-04ca-4cad-ab7d-04243a357edf.pdf

Investor Presentation

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FORWARD-LOOKING STATEMENTS

This presentation may contain certain forward-looking statements withing the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Generally, the words "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", variations of such works and similar expressions identify forward-looking statements and any statements regarding TAT's future financial condition, results of operations and business are also forward-looking statements. These 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, the following factors: continued compliance with government regulations; general economic conditions; 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 duty to update 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.

ACRONYM GUIDE

OEM : Original Equipment Manufacturer MRO : Maintenance, Repair & Overhaul APU : Auxiliary Power Unit LTA: Long-Term Agreement LG : Landing Gear HX : Heat Exchanger

TAT is a trusted partner, proactively solving complex aerospace challenges to enable our partners to operate with confidence and achieve operational success across their thermal, APU and landing gear systems.

EXPERIENCED AND PROVEN LEADERSHIP

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

CHAIRMAN OF THE BOARD Since 2016

PRESIDENT & CHIEF EXECUTIVE OFFICER Since 2016

CHIEF FINANCIAL OFFICER Since 2018

AMOS MALKA IGAL ZAMIR EHUD BEN YAIR 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 (Hebrew) Main Shareholder: FIMI 26.5%

KEY STRATEGIC PRODUCT SEGMENTS

Thermal Systems & Components

Thermal Solutions Market Leader MRO & OEM 60+ years of experience

APU

OEM & MRO Authorized MRO • Honeywell

APU Honeywell Licensee MRO

Landing Gear

Authorized MRO • Gulfstream • Embraer • ATR

Partnership with Gulfstream Landing Gear MRO

Leasing & Trading Strong presence in APU leasing and parts trading 10-year exclusive contract with Honeywell

REFLECTS 2024 YEAR

VALUE PROPOSITION

High Growth Rates

Strategic Capabilities Supporting Future Growth

Strong Demand for Products & Services

Proven Leadership Team

Including Tier 1 aircraft manufacturers, system integrators and airlines Trusted Partner with 300+ Customers

\$429M Backlog & Long-term Agreements

TAT SUBSTANTIAL OFFERINGS

THERMAL SOLUTIONS

Thermal components for power electronics

THERMAL SOLUTIONS

Thermal components for Environmental Control Systems Thermal components THERMAL SOLUTIONS

for Galley

Thermal components for THERMAL SOLUTIONS

fuel inerting system

MRO APU

8 INVESTOR PRESENTATION - MARCH 2025

THERMAL SOLUTIONS

Thermal components for hydraulic systems

LANDING GEAR

MRO

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:

  • 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
  • 12 INVESTOR PRESENTATION MARCH 2025 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 creates significant commercial advantages for us to competitively position ourselves in the market .

REVENUE (\$M)

APU POTENTIAL

STRATEGIC AGREEMENTS

MRO FOR B757/767,
Cil7 APU
1.500 AIRCRAFT
10 year agreement
Estimated annual market size
\$85M
SIGNED
09/2020
MRO FOR B77 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%

331-500

131

LANDING GEAR MRO Services

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.

MRO Embraer - eJet 175 aircraft

MRO ATR – 42/72 aircraft

REVENUE (\$M)

15 INVESTOR PRESENTATION - MARCH 2025

AUTHORIZED

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 :

As an MRO service provider, 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

BACKLOG LTA & Backlog

LTA ORDERS (\$M) Q4-2024 LTA & BACKLOG

NEW TECHNOLOGIES Future Drivers

THERMAL SYSTEMS FOR ELECTRIC AIRCRAFT & AUTONOMOUS AIRCRAFT

ADDITIVE MANUFACTURING & 3D PRINTING

FULL THERMAL SOLUTIONS TO ENGINE HEADS

Q4 2024 RESULTS Key Indicators

FAST GROWTH TREND

Revenue by Product

REVENUES BY PRODUCT
(000, 2)
Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q4YOY
Heat Exchange 13.3 14.2 15.8 16.6 16.6 24%
APU 9.2 9.2 10.7 10.5 13.0 42%
Landing Gear 2.3 1.5 2.0 1.8 2.8 19%
Trading & Leasing 2.2 2.9 2.0 5.7 3.3 48%
Others 4.7 6.3 6.1 5.9 5.5 16%
Total Revenues 31.8 34.1 36.5 40.5 41.0 29%
YOY 36% 35% 36% 35% 29%
REVENUES BY PRODUCT
(\$M)
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%

PERFORMANCE

23 INVESTOR PRESENTATION - MARCH 2025

Upward Trend Across All Financial Parameters

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.

REVENUE (\$M)

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