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TAT Technologies Ltd. Investor Presentation 2016

Mar 1, 2016

7072_rns_2016-03-01_c7f13e83-d41c-48ec-bac1-7b3a24d86798.pdf

Investor Presentation

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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 March 2016

________________________

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 – March 2016.

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 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 certain jet engine components.

TAT’s activities in the area of OEM of Heat Management Solutions primarily include the design, development, manufacture and sale of (i) a broad range of heat transfer components (such as 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 in a lesser extent, the manufacturing of certain heat transfer products. TAT’s Limco subsidiary operates 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 Gear 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, including 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]

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: March 1, 2016

Exhibit 99.1

Corporate Presentation March 2016

TAT Technologies

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,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” 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 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; competition in the industry in which TAT does business; TAT’s business strategy and plans; exchange rate fluctuations; 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.

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

Target markets

  • ü Design and Manufacturing (OEM)

  • Heat management solutions: components and systems

ü Maintenance, repair and overhaul (MRO) Heat management solutions, APU, landing gears, jet engines blades

> 100 customers NASDAQ and Acquired Limco in 1993 Tel Aviv stock (Boeing, Lockheed Martin, Acquired Piedmont in 2005 Airbus, Embraer …) exchange traded Acquired Chromalloy Israel in 2015 (Ticker: TATT) Revenue: More than 600 employees YTD Dec 31 2014: $ 80.7M in 4 locations: YTD Dec 31 2015: $ 85.6M Gadera and Kiryat Gat, Israel 54% held by Fimi Net Income: Tulsa, Oklahoma, USA Opportunity Funds Kernersville, North Carolina, USA YTD Dec 31, 2014 : $ 1.4M YTD Dec 31, 2015 : $ 5.8M

Samuel Vlodinger Itsik Maaravi

Guy Nathanzon

  • § In position since August 2013

  • § Chairman of the Board of TadirGan Precision Products, Raval ACS, Bagir Group, and Ginegar Plastic Industries

  • § In position since January 2012 § In position since July 2015 § Prior experience: § Prior experience: § CEO-Piedmont; § CFO- Altair-Semiconductors § CMO-Limco-Piedmont Inc. § CFO - Provigent - acquired by § VP Marketing & BD - Kamor Aviation Broadcom (NASDAQ: BRCM) § Director of sales - Israel Aerospace § Senior auditor - PwC Industries

Aviation Industry - Market Trends

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1. Design and manufacturing of heat management components üHeat exchangers üCold plates üOil Coolers üFuel submerged HX

2.

Design and manufacturing of heat management systems

üFrom components to system level üPECS: power electronics cooling systems

üAir Conditioning Systems

3. Design and manufacturing of fuel flow accessories

üFuel valves üSolenoid valves üFuel control valves üFuel pumps

4. Maintenance, repair and overhaul (MRO)

üHeat Exchangers üAPU üLanding gears üJet engines blades

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----- Start of picture text ----- Commercial PlatformsBoeing CessnaAirbus 737, 747, 767, 777 CJ-3, CJ-4, Citation-X, CaravanBombardier CRJSukhoiATR Super Jet EmbraerPilatus ERJ145, ERJ170, ERJ190PC-1211----- End of picture text -----

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----- Start of picture text ----- Defense PlatformsBoeingBoeing Lockheed Martin F-16 CH-47 Sikorsky CH-53F-15BoeingAH-64Boeing Sikorskyv22 Boeing UH-60F-18Iron Dome12----- End of picture text -----

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----- Start of picture text ----- Component LocationsGalleyHydraulic Systems • Auxiliary HX• Fuel Submerged Oil Cooler • Chillers• Air Cooled Oil CoolerPowerElectronicsAPU •Cold Plates• Oil Cooler (Weather Radars +Avionics+Entertainment)•Heat Exchangers(Same)Air Systems•Pre-cooler (Bleed Air System)•Emergency HX (Bleed Air System/ECS)•Condenser (ECS)•Reheater (ECS)•Dual Heat Exchanger (ECS)•Humidifier (Humidification System)••Ozone Converter (ECS)Water Extractor (ECS) Engine•Oil Cooler13----- End of picture text -----

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----- Start of picture text ----- Component LocationsEngine Hydraulic SystemsMain Gearbox • Oil Cooler • Oil Cooler• Oil Cooler14----- End of picture text -----

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----- Start of picture text ----- Customer BaseOEM Air Lines Service centers Air Forces15----- End of picture text -----

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----- Start of picture text ----- Strength / DifferentiatorsCustomersManufacturingTechnology Relationships andExpertiseCertificationsOver 40 years of Unique manufacturing FAA, EASA, AS9100,experience - proven capabilities - 4 facilities Honeywell authorizedcompetence in demanding world wide, including dip repair center for APUsaerospace world brazing and vacuum brazing,EBW16----- End of picture text -----

Authorized Repair Station - üHoneywell

ü Going upstream in the chain (from components to systems)

ü Enter into new platforms - aviation and ground

ü Maintenance, repair and overhaul (MRO) of new parts

ü Organic growth and acquisitions

ü Expand to new territories: Eastern Europe, Asia, UK etc

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Revenue Trend

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----- Start of picture text ----- Revenue Trend21----- End of picture text -----

Revenue 77.9 79.6 80.7 85.6
Gross Profit 18.5 17.8 16.2 13.7
Gross Margin 23.7% 22.4% 20.1 % 16.0%
Operating Income 5.4 5.3 3.8 5.6
Operating Margin 6.9% 6.7% 4.7% 6.5%
Net Income (loss) -1.7 2.8 1.4 5.8
EBITDA 7.3 7.2 5.9 3.6
EBITDA % 9.4% 9.0% 7.3% 4.2%

Q4 2015:

Assessment of long term projects: decrease of $ 2.1M in revenue and $ 1.4M in net income - Chromalloy Israel acquisition: $ 4.8M gain on bargain purchase, $ 1.9M revenue for the period Oct 19, 2015 Dec 31, 2015

Financial Results - Quarterly Financial Results - Quarterly Financial Results - Quarterly
$ Millions Q1’14 Q2’14 Q3’14 Q4’14 Q1’15 Q2’15 Q3’15 Q4’15
Revenue 18.4 20.6 20.3 21.4 20.5 21.5 21.9 21.7
Gross Profit 3.4 3.9 3.7 5.2 3.8 4.2 3.4 2.3
Gross Margin 18.5% 18.9% 18.2% 24.3% 18.5% 19.5% 15.5% 10.6%
Operating Income 0.4 0.7 0.6 2.2 1.1 1.1 0.5 2.9
Operating Margin 1.9% 3.2% 3.2% 10.1% 5.3% 5.4% 2.3% 13.5%
Net Income (loss) 0.4 0.3 -0.4 1.1 2.0 0.7 0.2 3
EBITDA 0.9 1.2 1.2 2.7 1.6 1.8 1.1 (1)
EBITDA % 4.6% 5.7% 5.8% 12.6% 8.0% 8.4% 5.0% (4.6%)
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Strong Balance Sheet
$ Millions 2013 2014 2015
Cash And Deposits 29.9 28.0 26.8
Working Capital 73.8 70.8 70.8
Total Assets 108.9 99.2 109.6
Debt 0.9 0.0 0.0
Equity 85.6 85.5 91.4
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