Astronics Corporation · NASDAQ:ATRO
Astronics — 13th Annual Gabelli Aircraft Supplier Conference 2007
24 slides from Astronics's conference presentation, Aug 29, 2007
Slide 1: 13th Annual Gabelli Aircraft Supplier Conference
13th Annual Gabelli Aircraft Supplier Conference Peter Gundermann, President & CEO David Burney, CFO Copyright Astronics Corporation ©2007 September 6 – 7, 2007
Slide 2: Safe Harbor Statement
Safe Harbor Statement These slides contain (and the accompanying oral discussion will contain) “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause th
Slide 3: Astronics Corporation
Astronics Corporation Astronics designs and manufactures electrical generation, control and distribution systems and high performance lighting systems for the global aerospace industry. Copyright Astronics Corporation ©2007
Slide 4: Astronics Corporation
Astronics Corporation NASDAQ: ATRO Market capitalization (8/29/07) $243.0 million Total shares outstanding Common 6.7 million Class B 1.4 million 52-week range $37.44 – $14.06 Recent price (8/29/07) $30.13 Avg. daily trading volume (3 mos.) 42,227 Ownership Institutional 43% In
Slide 5: High Content on Leading Platforms
High Content on Leading Platforms F-35 Embraer Joint Strike Fighter Phenom 100 Wide range V-22 Osprey of high Eclipse 500 profile, next generation Tactical Tomahawk aircraft Airbus A380 platforms In-Seat Power for Cessna Mustang Airline Passengers Expanded content value: Traditional $10,000 - conten
Slide 6: Sales By Product and Market
Sales By Product and Market Cabin Lighting = 6% Cabin Electronics = 51% Exterior Lighting = 5% Commercial Transport = 64% Cockpit Lighting = 24% Airframe Power = 14% Q2 2007 Business Jet Military = 17% = 19% TTM Sales: $140.9 million Copyright Astronics Corporation ©2007
Slide 7: Products
Products Copyright Astronics Corporation ©2007
Slide 8: Cabin Electronics
Cabin Electronics Cabin Power and In-Flight Entertainment Leading provider of in-seat cabin power EmPower ® DC EmPower® AC EmPower® Fusion Integration of in-seat power for in-flight entertainment (IFE) systems and personal electronic devices (PEDs) Direct sales to airlines, airframe manufacturers an
Slide 9: Airframe Power and Control
Airframe Power and Control Integrated line of primary power generation, intelligent power distribution and secondary power supplies capable of outfitting an entire aircraft Products sold to aircraft and Copyright Astronics Corporation ©2007 engine manufacturers.
Slide 10: Cabin Lighting Systems
Cabin Lighting Systems Lighting systems: Emergency egress lighting systems Reading lights Passenger signage General area lighting systems Direct sales to commercial airlines and aircraft manufacturers. Copyright Astronics Corporation ©2007
Slide 11: Cockpit Lighting Systems
Cockpit Lighting Systems Complete supply of components and subsystems: Integrally illuminated display panels and assemblies Flood lights, map lights Ambient light sensors Power supplies Dimmer units Avionics keyboards Direct sales to aircraft manufacturers and Provide complete avionics suppliers. co
Slide 12: Exterior Lighting Systems
Exterior Lighting Systems Developed breakthrough HID and LED technology for Joint Strike Fighter Leveraged technology for business jet systems: Content on Cessna, Eclipse, Hawker Beech and Embraer Aircraft Direct sales to airframe manufacturers. Copyright Astronics Corporation ©2007
Slide 13: Business Jet Content per Platform
Business Jet Content per Platform Cessna Embraer Mustang Phenom 100 Exterior and Exterior and cockpit lighting flood lighting, cockpit lighting controllers Eclipse Piaggio 500 Avanti II Exterior and Integrated cockpit cockpit lighting, panel assemblies electronic and lighting distribution controller
Slide 14: Military Programs
Military Programs F-35 Joint Strike Fighter/Attack Aircraft First award for comprehensive exterior lighting system High reliability LED and HID technology V-22 Osprey Tilt-Rotor Aircraft Content: cockpit panels, emergency egress systems, avionics keyboards, exterior formation lights, fire
Slide 15: Financial Highlights
Financial Highlights Copyright Astronics Corporation ©2007
Slide 16: Record Sales
Record Sales ($ in millions) Annual Sales Second Quarter Sales Trend $150 - $155 $140.9 $41.4 $110.8 $28.8 $74.4 + 49% + 44% $34.7 2004 2005 2006 Q2 2007 2007 Q2 2006 Q2 2007 TTM Est. Copyright Astronics Corporation ©2007
Slide 17: Record Profitability
Record Profitability ($ in millions) Second Quarter Net Income (Loss) Net Income Trend $11.7 $4.5 $5.7 + 131% $2.0 + 125% $2.2 ($0.7) Q2 2006 Q2 2007 2004 2005 2006 Q2 2007 TTM Copyright Astronics Corporation ©2007
Slide 18: Growing Earnings per Share
Growing Earnings per Share Diluted EPS (Loss) Quarterly Diluted EPS Trend $0.56 $0.53 $1.38 $0.69 $0.24 $0.20 $0.28 $0.10 ($0.09) Q2 Q3 Q4 Q1 Q2 2006 2006 2006 2007 2007 2004 2005 2006 Q2 2007 TTM Copyright Astronics Corporation ©2007
Slide 19: Strong Balance Sheet Position
Strong Balance Sheet Position ($ in millions) $31.3 $14.4 million low interest industrial $18.4 revenue bonds $18.2 $12.1 $25 million line of $41.7 credit* with $31.3 $25.4 $15.3 million $22.7 outstanding as of 6/30/07 2004 2005 2006 Q2 2007 Shareholders Equity Funded Debt * Bank prime minus .25 to
Slide 20: Outlook
Outlook Copyright Astronics Corporation ©2007
Slide 21: Positive Outlook
Positive Outlook Backlog Trend Book to Bill Ratio ($ in millions) $99.5 $96.1 $94.3 1.30 1.24 1.03 0.94 0.94 $27.2 2004 2005 2006 Q1 2007 Q2 2007 2004 2005 2006 Q2 2007 Copyright Astronics Corporation ©2007
Slide 22: Competitive Advantages
Competitive Advantages RESOURCES LONG-TERM PERSPECTIVE EXPANDED PRODUCT LINE CALCULATED RISK TAKERS EXPERIENCED AND PROGRESSIVE MANAGEMENT Copyright Astronics Corporation ©2007
Slide 23: Focus on the Future
Focus on the Future OUTLOOK: $150 - $155 MILLION IN FY2007 ESTIMATED REVENUE PRODUCTION EFFICIENCES SALES PROSPECTS STRONG HIGHER CONTENT PER AIRCRAFT E&D INVESTMENT STRATEGY Copyright Astronics Corporation ©2007
Slide 24: 13th Annual Gabelli Aircraft Supplier Conference
13th Annual Gabelli Aircraft Supplier Conference Peter Gundermann, President & CEO David Burney, CFO Copyright Astronics Corporation ©2007 September 6 – 7, 2007
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