Elbit Systems Ltd · TASE:ESLT
Elbit Systems — Investor Presentation (March 2021)
21 slides from Elbit Systems's investor presentation, March 2021
Slide 1: Investor Overview
Investor Overview March 2021 1 2021 © Elbit Systems | Elbit Systems Proprietary
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation may contain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its su
Slide 3: Elbit Systems | A Highly Innovative Global Defense Company
Elbit Systems | A Highly Innovative Global Defense Company ■ Internationally diversified presence and client base ■ Broad range of market leading products and technologies aligned with customer priorities ■ Significant investment in R&D to generate market leading IP ■ Long-term investment horizon ■
Slide 4: Elbit Systems at a glance
Elbit Systems at a glance O U R V I S I O N ~$6bn Market cap - NASDAQ & TASE listed To be a $11.0bn order backlog at Q4 20 world-leading source of innovative, $4.7B revenues in 2020 technology-based systems ~17,000 employees for diverse defense Headquarters in Haifa, Israel and civilian applications
Slide 5: Geographically balanced customer portfolio
Geographically balanced customer portfolio Other LATAM 3% 3% Our North America DIVERSE APAC 21% 32% CLIENT BASE 2020 reduces exposure to defense Sales by geography budget fluctuations in a single country or geography Europe 17% Israel 24% 5 2021 © Elbit Systems | Elbit Systems Proprietary
Slide 6: Israel’s largest defense company
Israel’s largest defense company Maintaining Israel’s technological edge Elbit Systems develops supplies and maintains advanced technological Operational imperative to develop and solutions for the Israel deploy innovative solutions quickly and Defense Force and Israel’s effectively security service
Slide 7: Broad global footprint
Broad global footprint Elbit’s global geographical presence supports revenue growth through the cycle and reduces risk 2020 © Elbit Systems | Elbit Systems Proprietary 7
Slide 8: The U.S. is our largest market
The U.S. is our largest market F-35 T-7A F-18 F-35 HMD Building the Future V-22 ■ Missile Warning Systems JDAM ■ Air Launched Effects CLRF-IC ■ Guided-Munitions F-15 F-16 ■ Future Soldier $1,501M ENVG-B ■ Augmented Reality ■ Digital Night Vision $844M ■ Tactical Networks AH-64 ■ Next Generation of T
Slide 9: We provide advanced innovative capabilities for defense and commercial customers
We provide advanced innovative capabilities for defense and commercial customers Avionics & HMD Electronic Warfare Night Vision Systems Homeland Security Soldier Systems Laser Designators More than Indirect Fires Precision Guided Munitions 2,700 employees in facilities 9 2021 © Elbit Systems | Elbit
Slide 10: Sustained R&D investment and technology development…
Sustained R&D investment and technology development… Robotics Training & Simulation Active Protection Systems Lasers Avionics 9% of sales in R&D* Artificial Intelligence Autonomous Systems Electro Optics Precision Guided Munitions * ~8% self funded and ~1% customer funded R&D 10 2021 © Elbit Systems
Slide 11: ..to develop and maintain market leading positions
..to develop and maintain market leading positions Elbit Systems DIRCM Helicopter & Fixed-Wing HMD Electronic Warfare is a top three global player in multiple markets Laser Systems Command and Control Imaging Systems including: Active Protection Systems Tactical Radios Artillery Systems 11 2021 © El
Slide 12: Areas of operations
Areas of operations Others Electro Optic 3% 10% AIR & SPACE LAND NAVAL Airborne 35% 2020 Land revenue HOMELAND SECURITY CYBER UNMANNED 27% split Broad product portfolio provides solutions to multiple domains and COMMERCIAL markets C4ISR 25% 12 2021 © Elbit Systems | Elbit Systems Proprietary
Slide 13: Business Lines
Business Lines Airborne Helicopter & Fixed- Avionics & Aircraft Electronic Training & Systems Wing HMD Upgrades Warfare Simulation Unmanned Command Advanced Cyber Systems for C4ISR & Control Systems Comm’s & Networks Intelligence Solutions Intelligence Operations Combat Unmanned Active Artillery Lan
Slide 14: Value creating M&A | Major acquisitions
Value creating M&A | Major acquisitions ELOP ELISRA SOLTAM IMI Electro Optics EW & SIGINT Artillery Land System & Munitions 01 02 03 04 06 07 08 09 11 12 13 14 16 17 18 19 2000 2005 2010 2015 2020 TADIRAN NICE CYBER & INTEL. UNIVERSAL HNV Communications & C4I Cyber Commercial Night Vision Avionics M
Slide 15: Corporate Responsibility - ESG
Corporate Responsibility - ESG Ethical conduct ■ Consistently receiving top ranking on the Maala Social Sustainability Index ■ Elbit Systems of America recognized as an Ethisphere World’s Most Ethical Company Enhancing technological education ■ 5,100 employees volunteered in their communities in 202
Slide 16: Revenues & backlog | Growth through the cycle
Revenues & backlog | Growth through the cycle 12,000 11,000 11,024 10,000 10,029 9,000 9,399 8,000 7,000 7,561 6,909 6,000 6,564 6,265 5,683 5,822 5,000 5,446 5,528 4,000 4,508 4,663 3,684 3,000 3,260 3,378 2,925 2,958 3,108 2,818 2,889 2,000 2,670 1,000 0 2010 2011 2012 2013 2014 2015 2016 2017 201
Slide 17: Historic Financials
Historic Financials 2016 2017 2018 2019 2020 Sales ($M) 3,260 3,378 3,684 4,508 4,663 Non-GAAP Op. Profit ($M) 328.3 353.0 340.7 379.7 390.1 Non-GAAP Op. margin (%) 10.1% 10.5% 9.2% 8.4% 8.4% GAAP Op. Profit ($M) 304.7 324.4 292.8 321.6 325.7 GAAP Op. margin (%) 9.3% 9.6% 7.9% 7.1% 7.0% Non-GAAP EPS
Slide 18: Appendix
Appendix Non-GAAP Financial Data Non-GAAP financial data is presented to enable investors to have additional information on our business performance as well as a further basis for periodical comparisons and trends relating to our financial results. We believe such data provides useful information to
Slide 19: Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data
Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data: (US Dollars in millions, except for share and per share amount) Years Ended December 31, 2016 2017 2018 2019 2020 GAAP gross profit 965.3 1,003.1 976.2 1,136.5 1,165.1 Adjustments: Amortization of purchased intangible assets
Slide 20: Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data
Reconciliation of GAAP to Non-GAAP (Unaudited) Supplemental Financial Data: (US Dollars in millions, except for share and per share amount) Years Ended December 31, 2016 2017 2018 2019 2020 GAAP net income attributable to Elbit Systems’ shareholders 236.9 239.1 206.7 227.9 237.7 Adjustments: Amortiz
Slide 21: Thank You
THANK YOU INVESTOR CONTACTS Joseph Gaspar, Executive VP & CFO Tel: +972-772946663 [email protected] Rami Myerson, Investor Relations Director Tel: +972-772948984 [email protected] elbitsystems.com 21 2020 © Elbit Systems | Elbit Systems Proprietary