EX-99 2 exhibit_99-1.htm EXHIBIT 99.1

Exhibit 99.1
I N V E S TO R’ S P R E S E N TAT I O N March 2024

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. 2 INVESTOR'S PRESENTATION - MARCH 2024

YTD Results key indicators In K USD 2023 2022 Variance Revenues 113,794 84,556 29,238 - 35% Gross profits 22,468 15,928 6,540 - 41% Gross Margin 19.7% 18.8% 0.9% Adj. EBITDA 11,157 4,036 7,121 – 176% EBITDA Margin 9.8% 4.8% 5% Net Income/ (loss) 4,672 (1,562) 6,234 Improvement in all parameters compared to 2022 INVESTOR'S PRESENTATION - MARCH 2024

UPWARD TREND IN REVENUE AND EBITDA STARTED IN Q4/22 4 INVESTOR'S PRESENTATION - MARCH 2024

TAT UNIQUE PROPOSITION EXPERIENCE AND EXPERTISE Over 7 decades in defense and commercial aviation THERMAL SOLUTION Over 60 years of design, production and repair of heat transfer solutions OVER $400 MILLION Backlog and LTA 3 OPERATIONAL SITES Greensboro NC, Tulsa OK, Kiryat Gat Israel DECADES OF EXCELLENCE In MRO for Honeywell APU, Safran and Liebherr landing gears , and thermal components MRO OVER 300 CUSTOMERS Partner with tier 1 aircraft manufacturers, system integrators and airlines 5 INVESTOR'S PRESENTATION - MARCH 2024

KEY STRATEGIC PRODUCT SEGMENTS THERMAL SYSTEMS & COMPONENTS OEM AND MRO APU-HONEYWELL AUTHORIZED MRO LANDING GEARS- LIEBHERR & SAFRAN AUTHORIZED MRO 6 INVESTOR'S PRESENTATION - MARCH 2024

TOP MANAGEMENT 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. 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). 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. Mr. Igal Zamir President & CEO In position since April 2016 Mr. Ehud Ben Yair CFO In position since May 2018 TAT IS DUALLY LISTED ON NASDAQ (“TATT”) AND ON THE TEL- AVIV STOCK EXCHANGE ( תתאת) . MAIN SHAREHOLDER: FIMI 51% 7 INVESTOR'S PRESENTATION - MARCH 2024

GLOBAL PRESENCE TULSA, OKLAHOMA OEM & MRO THERMAL MANAGEMENT SOLUTIONS GREENSBORO, NORTH CAROLINA MRO POWER & ACTUATION SOLUTIONS CHARLOT TE, NORTH CAROLINA GROUP OFFICE KIRYAT GAT, ISRAEL OEM & MRO THERMAL MANAGEMENT AND POWER & ACTUATION SOLUTIONS SCHENZHEN CHINA THERMAL COMPONENTS MRO – IN PARTNERSHIP WITH LTS - LUFTHANSA SHENZHEN FULL OWNERSHIP PARTIAL OWNERSHIP / COLLABORATION 8 INVESTOR'S PRESENTATION - MARCH 2024

STRATEGIC SHIFT – KEY ELEMENTS 2020 – 2023 FROM 4 INDEPENDENT COMPANIES TO ONE GROUP WITH 3 OPERATIONAL SITES centralized S&M, R&D and finance team. Cost savings of $1.5 million a year STRONG MRO PARTNERSHIP WITH HONEYWELL for certifications and part costs on the new APU models (LTAs over $90M) ESTABLISHED STRONG PRESENCE IN APU LEASING AND PARTS TRADING (10 years exclusive contract with Honeywell) PARTNERSHIP WITH GULFSTREAM FOR THE GS4&5 AND WITH REPUBLIC AIRLINE for the E170 landing gear MRO (with LTA worth over $55M) FROM LEGACY PRODUCTS TO NEW PRODUCTS AND PLATFORM (Heat exchangers, APU and Landing gears) INCREASE THE NUMBER OF ACCOUNTS WITH ANNUAL REVENUE ABOVE $5M and reduce the long tail of small accounts 9 INVESTOR'S PRESENTATION - MARCH 2024

STRATEGIC SHIFTS TIMELINE- STARTED IN 2020 2020 2021 2022 2023 ORGANIZATION STRUCTURE CHANGE LEASING AND TRADING BUSINESS UNIT INITIATION 3 HONEYWELL APU STRATEGIC AGREEMENTS APU 331-500 LICENSE AGREEMENT APU 131 LICENSE AGREEMENT 131 A/ B APU READINESS 10 INVESTOR'S PRESENTATION - MARCH 2024 $50M CONTRACT PRIVATE JETS LANDING GEAR MRO APU 331-20X LICENSE AGREEMENT $50M CONTRACT FIRST REVENUE APU 331-500 EXPECTED FIRST REVENUE FROM APU 131

HONEYWELL STRATEGIC AGREEMENTS DURING 2020-21 18 ENGINES PURCHASED AS HONEYWELL EXCLUSIVE ENGINE BANK FOR APU B777. CURRENTLY 1,600 AIRCRAFTS AND PRODUCTION IS ONGOING. 10 years agreement Annual estimated lease income of $4.5M MRO FOR B777 APU CURRENTLY 1,600 AIRCRAFT AND PRODUCTION IS ONGOING 10 years agreement Estimated market size of $145M Annually First customer launched in June\23 MRO FOR B737 & A 319-20-21 APU CURRENTLY 16,000 AIRCRAFT AND PRODUCTION IS ONGOING 10 years agreement Estimated market size of over $1,000M annually. Production readiness by Q3\23 SIGNED 12/2020 SIGNED 12/2020 SIGNED 06/2021 MRO FOR B757/767,C17 APU 1,500 AIRCRAFTS 10 years agreement Estimated annual market size of $85M SIGNED 09/2020 TAT Piedmont is licensed to serve most of Honeywell’s APUs installed in about 19,000 aircrafts and will gain full capabilities during 2023 11 INVESTOR'S PRESENTATION - MARCH 2024

HONEYWELL STRATEGIC DEALS POTENTIAL CURRENT ENGINE PLATFORM YEARLY TAT’S CURRENT MARKET SHARE POTENTIAL MARKET SIZE MARKET SHARE FOR THE COMING YEARS 331-20X B 767, B 757, C 17 $85M 29% 53% 331-500 B 777 $145M NONE 10% 131 B 737, A 319-21 $1,000M NONE 5% 12 INVESTOR'S PRESENTATION - MARCH 2024

REVENUE AND EBITDA GROWTH ENGINES FOR 2023-4 Strong demand for products and services as the industry is ramping out of COVID- strong backlog coverage for 2023 Strong growth in APU331-200 for 2023 and 2024 - 2 major deals in the funnel Growth from APU131 and 331-500 with improved profitability as we start penetrating the market 2 strategic deals for landing gears Trading and Leasing Improvements in cost structure led to a cost saving of $1.5M annually Favorable exchange rate USD/NIS INVESTOR'S PRESENTATION - MARCH 2024 SEVERAL STRONG PILLARS WILL SUPPORT THE GROWTH IN REVENUE AND EBITDA: 13

NEW TECHNOLOGIES: LONG-TERM GROWTH POTENTIAL THERMAL SYSTEMS FOR ELECTRICAL AIRCRAFT AND AUTONOMOUS AIRCRAFTS ADDITIVE MANUFACTURING AND 3D PRINTING CONFORMAL HEAT EXCHANGERS AND OIL COOLERS FOR ENGINES 14 INVESTOR'S PRESENTATION - MARCH 2024

LATEST INVESTOR NEWS 15 INVESTOR'S PRESENTATION - MARCH 2024 TAT Signs a new $50M contract with a major airline June 9, 2022 TAT signs a contract expansion valued $6 million a year with Collins Aerospace October 18, 2022 TAT signs a five years contract extension valued $50M with a major airline February 6, 2023 TAT received first APU331-500 order TAT Signed a new $7.5M contract with a major carrier Read more Read more Read more Read more Read more TAT signs a $10 million contract with a major airline January 16, 2024 Read more TAT completed a private placement to Israeli investors December 28, 2023 Read more

F INANCIALS 16 INVESTOR'S PRESENTATION - MARCH 2024

BUSINESS BREAKDOWN 2023 17 INVESTOR'S PRESENTATION - MARCH 2024

Product segment Product segment growth works according to our strategy Completed the certification for the B777 and for the B737\ A320 APUs line . These MRO activities are some of our growth engines for 2024 INVESTOR'S PRESENTATION - MARCH 2024

Back-log INVESTOR'S PRESENTATION - MARCH 2024

APPENDICES PRODUCT L INES AND SERVICES 20 INVESTOR'S PRESENTATION - MARCH 2024

WE KEEP OUR CUSTOMERS FLYING 21 INVESTOR'S PRESENTATION - MARCH 2024 MORE THAN 300 CUSTOMERS WORKING WITH MORE THAN 50 MAJOR AIRLINES 5 LARGEST CUSTOMERS, PRESENT 27% OF REVENUE

WE KEEP OUR CUSTOMERS FLYING 22 INVESTOR'S PRESENTATION - MARCH 2024

THERMAL MANAGEMENT HEAT EXCHANGERS ELECTRONIC DEVICES COOLING SYSTEM COLD PLATES FUEL SUBMERGED HX OIL COOLERS ECU DESIGN, MANUFACTURE (OEM) AND MRO SERVICES FOR THERMAL MANAGEMENT SOLUTIONS 23 INVESTOR'S PRESENTATION - MARCH 2024

THERMAL MANAGEMENT SOLUTIONS POWER ELECTRONICS: COLD PLATES (PAO) LIQUID- COOLED HEAT EXCHANGERS POWER PLANT: AIR- COOLED OIL COOLERS FUEL- OIL HEAT EXCHANGERS CONFORMAL AIR- COOLED OIL COOLERS FUEL INERTING SYSTEM: AIR- COOLED AIR COOLERS APU: AIR- COOLED OIL COOLERS CONFORMAL AIR- COOLED OIL COOLERS GALLEY: AIR CHILLERS ENVIRONMENTAL CONTROL SYSTEM: PRECOOLERS CONDENSERS REHEATERS 24 INVESTOR'S PRESENTATION - MARCH 2024 HYDRAULIC SYSTEM: FUEL SUBMERGED OIL COOLERS FUEL- COOLED OIL COOLERS

POWER AND ACTUATION APU ECS ACCESSORIES LANDING GEARS BLADES FUEL SYSTEM ACCESSORIES COOLING SYSTEMS ACCESSORIES PUMPS DESIGN, MANUFACTURING AND MRO SERVICES FOR POWER AND ACTUATION SOLUTIONS 25 INVESTOR'S PRESENTATION - MARCH 2024

T H A N K YO U 26 INVESTOR'S PRESENTATION - MARCH 2024