Techprecision Corporation · NASDAQ:TPCS
Techprecision — Q2 FY2013 Earnings Presentation
11 slides from Techprecision's earnings presentation, November 2012
Slide 1: Q2 FY13 Shareholder Conference Call
Q2 FY13 Shareholder Conference Call November 2012 © 2012. All rights reserved.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this presentation that are not historical facts are forward‐looking statements that involve risks and uncertainties that could cause actual results to differ materially
Slide 3: Agenda
Agenda • Q2 Overview • Q2 FY 2013 Financial Detail • Operations O ti and d Business B i U d t Update • FY13‐FY16 Outlook © 2012. All rights reserved. 3
Slide 4: Q2 Income Statement
Q2 Income Statement Q2 2013 Q2 2012 Q1 2012 • Sequential improvement Consolidated Income Statement as per plan ($ in Millions except Percentages, Shares & EPS) 9/30/2012 9/30/2011 6/30/2012 Revenues $8.1 $7.1 $7.1 • Q2 FY12 revenue included ~$1.8‐million more Gross Profit $1 9 $1.9 $1 9 $1.9 $1 1 $1
Slide 5: Revenue Distribution
Revenue Distribution Revenue recognition issue $10.82 Production from Q2 recognized $9.67 9.18 $8 38 $8.38 $8 08 $8.08 $8.08 $7.07 $7.15 $6.15 $6.08 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Solar Customer Defense Customer Industrial Customer Nuclear Customer Me
Slide 6: YTD Fiscal 2013 Income Statement
YTD Fiscal 2013 Income Statement Consolidated Income Statement YTD 2013 YTD 2012 ($ in Millions except Percentages, 9/30/2012 9/30/2011 Shares & EPS) Revenues $15.2 $16.3 Gross Profit $3.0 $ $4.3 $ Gross Margin 19.9% 26.6% Operating Expenses $3.9 $3.7 Operating Income (Loss) $(881,000) $656,000 Oper
Slide 7: Balance Sheet Highlights
B l Balance Sheet Sh t Highlights Hi hli ht ($ in Millions) September 30, 2012 March 31, 2012 Cash $2.1 $2.8 Current Assets $15.5 $16.3 Total Assets $23.6 $ $24.1 $ Current Liabilities $6.5 $6.1 Total Liabilities $12.0 $11.9 q y Total Stockholders’ Equity $11.6 $ $12.2 $ Long‐Term Debt September 30,
Slide 8: Strategic Production Solutions for Profitable Growth
Strategic Production Solutions for Profitable Growth Design Machine Fabrication Electrical Test S250 Proton Beam Carbon Black GDEB/BAE: Multiple Cancer Treatment Furnaces Confidential Virginia Class (510k approval) Product Assemblies AOS: Nuclear Isotope and Fissile PolySi Furnaces Sapphire Furnaces
Slide 9: Updated FY2013 Customer and Sector Pipeline
Updated FY2013 Customer and Sector Pipeline Alternative Energy: Sapphire Pipeline: $4 ‐ $5M PolySi & Solar Pipeline: $7 ‐ $8M Nuclear: $7 ‐ $10M Current Backlog (Oct (Nov st) $26.6-million 3110) $??-million Defense and Aerospace: $9 ‐ $12M Medical: $8 $ ‐ $9M $ Commercial i l Industrial: d i l $4 $
Slide 10: Revenue Outlook/Market Growth
Revenue Outlook/Market Growth Domestic Production Reveenue Outtlook/Market WCMC opens China-based Production © 2012. All rights reserved. Not for use or disclosure without the expressed written permission from TechPrecision Corp. 10
Slide 11: www.TechPrecision.com www.ranor.com www.wcmcsolutions.com
www.TechPrecision.com www.ranor.com www.wcmcsolutions.com © 2012. All rights reserved. 11