EX-99.1 2 exihibt_99-1.htm EXHIBIT 99.1

Exhibit 99.1
Investors Presentation November 2021

Looking Forward 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,” “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 – Key Facts > 500 customers.LTA worth $220M 450 Employees Partner with the tier 1 aircraft manufacturing, airlines and defense integrators. strategic partnership with Honeywell 9 months revenues of $58M, EBITDA of $3M 7 Decades within the A&D Industry

Global Presence Tulsa, OklahomaOEM & MROThermal Management Solutions Greensboro, North CarolinaMROPower & Actuation Solutions Kiryat Gat, IsraelMROPower & Actuation Solutions Novosibirsk, RussiaMROThermal Management Solutions Gedera, IsraelOEM & MROThermal Management Solutionsand Power & Actuation Schengen ChinaMROin partnership with Lufthansa for HX MRO Full ownershipPartial Ownership / Collaboration

Business Breakdown

Top Management Mr. Amos Malka Mr. Igal Zamir Mr. Ehud Ben Yair Chairman of the BoardIn position, since June 2016 President & CEOIn position, since April 2016 CFOIn position, since May 2018 Maj. Gen. (ret.) Former Head of the Israeli Defense Intelligence and Commander of the IDF Ground Forces Command. Retired in 2002. Prior experience: 2009-2013 – President at Mapco Express (subsidiary of Delek US Holdings Inc).2006-2009 – CEO at Metrolight Ltd.1997-2004 – CEO at Rostam Ltd. Prior experience: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). 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. TAT’s shares are traded on Nasdaq and TASE with FIMI as main shareholder- 59%

We Keep Our Customers Flying 5 largest customers, present 27% revenue Working with More than 50 major Airlines More than 300 Customers

Thermal Management Design, manufacture (OEM) and MRO services for Thermal Management solutions Oil Coolers Heat Exchangers Fuel submerged HX Cold Plates Electronic devices cooling system ECU

Thermal Management Solutions Hydraulic System:Fuel Submerged Oil CoolersFuel-cooled Oil Coolers APU:Air-cooled Oil CoolersConformal Air-cooled Oil Coolers Environmental Control System:PrecoolersCondensersReheaters Galley:Air Chillers Power Electronics:Cold Plates (PAO)Liquid-Cooled Heat Exchangers Power Plant:Air-cooled Oil CoolersFuel-Oil Heat ExchangersConformal Air-cooled Oil Coolers Fuel Inerting System:Air-cooled Air Coolers

Strategic change in the OEM market Commercial Aircraft manufacturers decided to decrease the dependency in system manufacturers and move their production capabilities to the components level, in order to reduce their cost.The fact that all other HX OEM manufacturers are part of very large organizations of system manufacturers, positions TAT for strategic cooperation with the Aircrafts manufacturers. TAT is the world’s largest independent HX manufacturer and MRO.

Thermal Management Offering Global Market Leader & Local Presence at Key Markets Technology Leadership & Innovation Short Turn Around Time Cost Effective & Competitive Offering Deep Market Expertise Strategic Partnership 5 Decades of Experience, Combined with flexibility according to customer needs

Power and Actuation Design, manufacturing and MRO services for Power and Actuation solutions ECS Accessories APU Landing Gear Fuel System Accessories Cooling Systems Accessories Pumps Blades

Power & Actuation Offering Working with More than 150 Platforms- strategic partnership with Honeywell’s APU line Highly Experienced Team of Professionals 24/7 Incomparable Turn-Around-Time Reputable Customer Base

Honeywell strategic deals during 2020-21 10 years contract to MRO APU serving B757/767, C17. 1,500 aircrafts. Estimated annual market of $85M Purchased 18 Engines, signed 10 years contract as Honeywell exclusive engine bank for APU B777. 1,600 aircrafts and continue production. Lease income of estimated $6.5M annually with ROI of 3 years Signing 10 years MRO contract for APU serving B777Estimated potential market of $145M Annually Signed September 2020 Signed December 2020 Signed June 2021 Expecting rapid revenue growth from new contracts starting from 2022 and on TAT Piedmont is licensed to serve most of Honeywell’s APUs and will gain full capabilities during 2022 Signing 10 years Lease and MRO contract for APU B737 & A 319-20-21 . 16,000 aircraft and continue production-Estimated potential market of over $1B annually TAT’s estimates of market size do not, in any way, purport to provide any information on, or estimate of, TAT’s market share or potential market share in these markets

Organizational changes and improved cost structure Getting closer to our strategic customers Started Q1\ 2021 and expected to be completed by Q2\22 Estimates cost Saving of $1.5-2M annually The project is partially funded by the state of Oklahoma with cash incentives for the next 10 years Reducing the number of fully owned sites from 4 to 3- reducing managerial complexity Creating a center of excellence in one strong facility dealing with Heat Exchange OEM and MRO capabilities

Future technological initiatives- growth potential Aiming to partner with electrical aircraft manufacturers Developing capabilities of 3D printing and conformal Heat Exchangers, responding to the market needs Developing additional MRO capabilities in the areas of HX, APU, Blades and MPG

Consolidated Financial Results During COVID the company suffered from decline in revenues mainly from commercial MRO while Defense and Cargo remained stable. Many parameters indicates that commercial aviation is shaping up. We are optimistic towards 2022

Balance Sheet $45M $77.4M 69% Working capital Share holder’s equity Equity to balance ratio As of Sep 30, 2021 TAT present strong balance sheet with:

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