אלביט מערכות 2014 - Jefferies · Wing HMD Helicopter Solutions Airlifters Solutions...
Transcript of אלביט מערכות 2014 - Jefferies · Wing HMD Helicopter Solutions Airlifters Solutions...
ELBIT SYSTEMS Jefferies Global Industrials Conference - August 2014
Joseph Gaspar EVP & CFO
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
KEY FIGURES
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LAST TWELVE MONTHS
qtr. ended June 30, 2014
Revenues: $2.93B
EBITDA: $365M (13%)
Net Income: $184m (6.3%)
Gross R&D: $262M (9%)
OUR CUSTOMERS
GEOGRAPHIC BREAKDOWN LAST TWELVE MONTHS
REVENUES - $2.9B
EUROPE 16%
ROW 3%
ISRAEL 26%
USA 29%
APAC 15%
LATAM 11%
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MAIN ACTIVITIES
REVENUE BREAKDOWN BY BUSINESS AREA LAST TWELVE MONTHS
C4ISR 37%
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
Others
Commercial
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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
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AEROSPACE – BUSINESS AREAS
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Commercial Aviation Airborne Command &
Control Training &
Simulations ISTAR Solutions
Fixed Wing Solutions Helicopter & Fixed-
Wing HMD Helicopter Solutions Airlifters Solutions
Services & Privatization Aerostructures Guided Munitions
UAS - BUSINESS AREAS
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UAS Training
Tactical UAS MALE UAS Mini UAS
Aerial Maritime Patrol Solutions
Unmanned Surface Vessels (USV)
Maritime Domain Awareness
Special Mission Aircraft Solutions
UAS Services
INTELLIGENCE AND ELECTRO-OPTICS
BUSINESS AREAS
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ISTAR Systems
Thermal Imaging and NVG Systems
Security Systems (ELSEC)
HUD’s Lasers Systems
DIRCM Space
AFV & Optronic Warfare Systems
Intelligence & Cyber
Solutions
LAND C4I – BUSINESS AREAS
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Satellite Communication
Artillery Systems Unmanned Ground
Vehicles
Armored Vehicles Systems
Sensors
Radio Communication C4ISR - DAP
Homeland Security
Tactical Computers
EW & SIGINT- BUSINESS AREAS
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Ballistic Missile Defense Command and Control
EW for Helicopters MWS & IR Centric EW for Fixed-Wing
SIGINT- Signal Intelligence
COMINT/COMJAM & Integrated EW
ECM & ELINT Radar Solutions
Search and Rescue Data Links
A MULTI DOMESTIC COMPANY
12 Brazil Australia
Netherlands Germany Austria
Macedonia
Romania
Canada
Belgium
Subsidiary
Office
U.K.
Chile U.S. Israel India Korea
Hungary
ELBIT SYSTEMS OF AMERICA
Customer Site
Wichita
San Antonio
Fort Worth
Boca Raton
Huntsville
Talladega
Merrimack
Quantico & PAX River McLean
Washington
1800 Employees Annual Revenues - $800M
Fort Worth, Texas Airborne Solutions Land & C4I Systems Helmet Mounted Systems UAS
Talladega, AL Services and Support
Wichita, KS Commercial Aviation Support
Huntsville, AL US Army Programs
San Antonio, TX Aircraft Services, Logistics and Support
Merrimack, NH Sensors and E/O Commercial Aviation Medical Instruments – KMC Systems
Washington, D.C. Governmental Affairs
McLean, VA C4I Solutions
Quantico & PAX River USMC & Navy Programs
Boca Raton, FL Hydraulics and Life Support Systems
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PARTICIPATION IN U.S. PROGRAMS
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Boeing
F-15
USMC
AH-1W
Sikorsky
UH-60 Blackhawk
USMC
LRTI/LDT
Boeing
AH-64 Apache
Lockheed Martin
F-35
Lockheed Martin
F-16 F/A-18
Boeing
Lockheed Martin
MLRS
BAE Systems
Bradley A-3 Mortar
USG/DOD
MD-10/11
FedEx
Bell-Boeing
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MAJOR STRATEGIC ACQUISITIONS - EXPANDING OUR PORTFOLIO
Airborne Upgrades and Systems, Combat Vehicle Upgrade and Systems, C2 Naval Systems , Homeland Security, UAS …
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96
Elbit Systems
Elbit Systems Ltd.
Tadiran Communication
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07
Radio Communication C4I Systems
C4I
Elisra
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08
ELINT, SIGINT, COMINT and Countermeasures, Data Link
EW & SIGINT
BVR Systems
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09
Airborne, Land, Naval and Homeland Security
Training and Simulation
Soltam Systems
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10
Artillery Systems
Artillery Systems
M7 Systems
2011
Services and Support
Services and Support
Elop – Electro Optics Systems
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00
ISR
Intelligence, Reconnaissance, Surveillance
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REVENUE AND BACKLOG
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2010 2011 2012 2013 2014/H1
2,670 2,818 2,889 2,925
1,385
5,445 5,528 5,529 5,822 6,174
Revenue Backlog
GROWTH ENGINES
COMMAND CONTROL INTELLIGENCE SURVEILLANCE RECONNAISSANCE
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GROWTH ENGINES
TRAINING AND SIMULATION
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GROWTH ENGINE –
PLATFORM DEFENSE
DIRCM
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Growth Engines -
Homeland Security
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GROWTH ENGINES - COMMERCIAL
Commercial
Avionics
Aerostructures Energy
Leverage Defense
Technology to the
Commercial Market
Pharma
Production
Quality
Assurance
Advanced Technology
Incubator
Medical
instrumentation
Automotive
vision
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ELBIT SYSTEMS – KEY OBSERVATION
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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
THANK YOU
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