ELBIT SYSTEMS. Jefferies Global Industrials Conference - August Joseph Gaspar EVP & CFO

Transcription

1 ELBIT SYSTEMS Jefferies Global Industrials Conference - August 2014 Joseph Gaspar EVP & CFO

2 AT A GLANCE HEADQUARTED ISRAEL with International Operations 11,700 EMPLOYEES 50% engineers TEL AVIV & NASDAQ LISTED TICKER ESLT Ranked # 30 among largest defense companies globally MARKET CAP: $2.6bn DIVIDEND YIELD: 2.2% 2

3 KEY FIGURES LAST TWELVE MONTHS qtr. ended June 30, 2014 Revenues: $2.93B EBITDA: $365M (13%) Net Income: $184m (6.3%) Gross R&D: $262M (9%) 3

4 OUR CUSTOMERS GEOGRAPHIC BREAKDOWN LAST TWELVE MONTHS REVENUES - $2.9B APAC 15% USA 29% LATAM 11% EUROPE 16% ISRAEL 26% ROW 3% 4

5 MAIN ACTIVITIES REVENUE BREAKDOWN BY BUSINESS AREA LAST TWELVE MONTHS Airborne 39% Electro Optics 10% Land Systems 11% Others 3% Airborne Systems Training & Simulation, Avionics & Aircraft Upgrades, Electronic Warfare C4ISR Comms & Control Systems, Networks, Cyber systems, Unmanned Systems Land Systems Combat Vehicle Syst., Unmanned Ground Platforms, Artillery Syst. Electro-Optics Thermal Imaging, Lasers & EO Counter Measures, Integrated Payloads, Space & Airborne ISR C4ISR 37% Others Commercial 5

6 DEFENSE PRIORITIES US Defense Budget Priorities Cyber Operations Electronic Warfare Homeland Security Unmanned Systems Air and Sea Intelligence, Surveillance and Reconnaissance NATO Priorities Cyber Defense Intelligence, Surveillance and Reconnaissance WE ARE RELEVANT 6

7 AEROSPACE BUSINESS AREAS Fixed Wing Solutions Helicopter Solutions Helicopter & Fixed- Wing HMD Airlifters Solutions Commercial Aviation Training & Simulations Airborne Command & Control ISTAR Solutions Aerostructures Services & Privatization Guided Munitions 7

8 UAS - BUSINESS AREAS Mini UAS Tactical UAS MALE UAS Maritime Domain Awareness Aerial Maritime Patrol Solutions Unmanned Surface Vessels (USV) UAS Services UAS Training Special Mission Aircraft Solutions 8

9 INTELLIGENCE AND ELECTRO-OPTICS BUSINESS AREAS ISTAR Systems HUD s Lasers Systems Thermal Imaging and NVG Systems Security Systems (ELSEC) AFV & Optronic Warfare Systems DIRCM Space Intelligence & Cyber Solutions 9

10 LAND C4I BUSINESS AREAS Armored Vehicles Systems Artillery Systems Unmanned Ground Vehicles C 4 ISR - DAP Radio Communication Tactical Computers Satellite Communication Homeland Security Sensors 10

11 EW & SIGINT- BUSINESS AREAS EW for Fixed-Wing EW for Helicopters MWS & IR Centric ECM & ELINT SIGINT- Signal Intelligence COMINT/COMJAM & Integrated EW Radar Solutions Ballistic Missile Defense Command and Control Search and Rescue Data Links 11

12 A MULTI DOMESTIC COMPANY U.K. Belgium Netherlands Germany Austria Hungary Romania Office Subsidiary Canada U.S. Chile Brazil Macedonia Israel India Korea Australia 12

13 ELBIT SYSTEMS OF AMERICA Fort Worth, Texas Airborne Solutions Land & C4I Systems Helmet Mounted Systems UAS Merrimack, NH Sensors and E/O Commercial Aviation Medical Instruments KMC Systems McLean, VA C 4 I Solutions Wichita Merrimack Washington McLean Quantico & PAX River Washington, D.C. Governmental Affairs Boca Raton, FL Hydraulics and Life Support Systems Quantico & PAX River USMC & Navy Programs Wichita, KS Commercial Aviation Support Huntsville, AL US Army Programs San Antonio, TX Aircraft Services, Logistics and Support Talladega, AL Services and Support San Antonio Fort Worth Huntsville Talladega Boca Raton 1800 Employees Annual Revenues - $800M Customer Site 13

14 PARTICIPATION IN U.S. PROGRAMS AH-1W UH-60 Blackhawk LRTI/LDT AH-64 Apache USMC Sikorsky USMC Boeing F-15 F-16 F/A-18 V-22 F-35 Boeing Lockheed Martin Boeing Bell-Boeing Lockheed Martin MLRS Bradley A-3 Mortar MD-10/11 Lockheed Martin BAE Systems USG/DOD FedEx 14

15 MAJOR STRATEGIC ACQUISITIONS - EXPANDING OUR PORTFOLIO Elbit Systems Airborne Upgrades and Systems, Combat Vehicle Upgrade and Systems, C 2 Naval Systems, Homeland Security, UAS Elop Electro Optics Systems Intelligence, Reconnaissance, Surveillance Tadiran Communication Radio Communication C 4 I Systems Elisra ELINT, SIGINT, COMINT and Countermeasures, Data Link BVR Systems Airborne, Land, Naval and Homeland Security Soltam Systems Artillery Systems M7 Systems Services and Support Elbit Systems Ltd. ISR C 4 I EW & SIGINT Training and Simulation Artillery Systems Services and Support 15

16 REVENUE AND BACKLOG Revenue Backlog 5,445 5,528 5,529 5,822 6,174 2,670 2,818 2,889 2,925 1, /H1 16

17 GROWTH ENGINES COMMAND CONTROL INTELLIGENCE SURVEILLANCE RECONNAISSANCE 17

18 GROWTH ENGINES TRAINING AND SIMULATION 18

19 GROWTH ENGINE PLATFORM DEFENSE DIRCM 19

20 Growth Engines - Homeland Security 20

21 GROWTH ENGINES - COMMERCIAL Commercial Avionics Aerostructures Energy Automotive vision Advanced Technology Incubator Leverage Defense Technology to the Commercial Market Pharma Production Quality Assurance Medical instrumentation 21

22 ELBIT SYSTEMS KEY OBSERVATION Operating in Defence Electronics aligned with current defence priorities Geographically diversified with strong presence in growing Emerging Markets Good visibility due to firm Backlog Solid Financials and history of Dividends Growth Engines in Defence and Commercial 22

23 THANK YOU 23