Exhibit 99.1
March 2021 Electronic Industries January 2022
Please note that this webinar is being recorded. This safe harbor disclaimer pertains to the contents and discussions on this webinar.This presentation contains certain statements that may be deemed to be “forward looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Reference is made in particular to the descriptions of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward-looking terminology such as “will”, “would”, “may”, “should”, “estimates”, “expects”, “believes”, “anticipates”, “intends”, “projects”, “predicts”, “targets”, or similar terms, variations of such terms or the negatives of such terms. Forward looking statements are based on management’s current expectations. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors including but not limited to those risks and uncertainties relating to difficulties or delays in development and testing of new products, obtaining regulatory approvals, production and marketing of the Company’s product candidates, those risks and uncertainties associated with the protection of the Company’s intellectual property rights and other risk factors contained in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. 2 Disclaimer
Webinar Agenda Summary of 2021 RevenuesRADA’s Unique Go-to-Market Strategy (“RADA Inside”)Status of our Markets2022 ForecastQ&A
4 Summary of 2021 Revenues 2021 revenues of $117MRecord year for RADA54% YoY Growth, unique in defenseGreat achievement, given that:New and emerging marketCR in the US pushed some expected revenue to 2022Strong growth potential ahead of usFormal full-year results on Feb 9th $28M $26M $76M $44M $117M $13M 100+% 125%58% 105%72% ~64%~54% Radar Revenue Growth Overall Revenue Growth Radars Avionics
5 Our Go-To-Market Strategy Pioneering a Nascent Market Since 2010Self-invested in advanced technology and productsWhen market emerged in 2014, we became first moversUrgent acquisitions became the norm since 2017Market characterized by limited visibility, low backlogs“RADA Inside” Unique StrategyConverting pipeline into 12-months production plansBuilding to stock, “book & ship” commercial approachAddressing all relevant integrators, offering same terms to allOur best-value radars became incumbents in many programsVery fast deliveries from stock surface significant competitive advantage
6 $6+ Billion TAMMini-Tactical Radar Opportunity Over the Next Decade Active Protection System (APS) Radar Market ~$1.5B Current US TAM ~$1.5B Current RoW TAM Key RADA AwardsBradley APS 1st BrigadeIMoD Eitan AFVNederland CV-90 Future OpportunitiesUS Army Stryker BrigadesUS Army NGCVAdditional Bradley BrigadesAustralian L-400 Air Defense / Short-Range Surveillance Radar Market ~$1.5B Current US TAM ~$1.5B Current RoW TAM Key RADA AwardsArmy IM-SHORAD4 battalions, 144 vehiclesUSMC GBAD Future OpportunitiesAdditional IM-SHORAD BattalionsAdditional GBAD VehiclesHundreds of fixed and mobile sites across USAF, USN and SOCOM Status of our Markets: TAM
7 Status of our Markets: The APS Global Market Still in its nascent phaseCurrent backlog of over- $30m for “Iron Fist” deliveriesExpect to increase significantly in 2022Meaningful contribution to revenues to start in 2023US is testing on Bradley, other countries to followEngaged in other emerging future programs (OMFV, VPS, MIPS, …) – 2025 and beyond
8 Status of our Markets: SHORAD/Point-defense in USA Fueled our growth since 2017, starting with urgent need to address C-sUASDelivered over-$160M to date (over-$80M in 2021), at ~100% growth each yearPop-up of J/UONS, limited visibility, minimal backlogMarket demands are shifting towards addressing bigger UASs and Cruise Missiles threats From J/UONS to POR/OTA, having line items in DoD budgetTransition is typically 18-24 monthsIncumbency on several solutions enabled sustained growthResulting in clarity and visibility, while allocation of funds is annualMarket turning into stable growth: $100m+ annually in the US, based on TAMCR is hoped to finish in Feb 2022, we can catch-up quickly“Urgency” is a protective shield; prior-year appropriations are expected to continue
9 Status of our Markets: Non-US SHORAD/Point-defense Three main geographies: Near East, Europe/NATO, IndiaCurrently accounts for ~25% of total revenues; expected to grow to ~30% and more in 2022Can reach the US level by end of 2024Near East:Area suffers from drones and missiles attacksActive since 2019, revenues are growing steadilyEurope/NATO:Typically lagging and following US; need is recognized; uptick expected in 2023 Currently in incubation phase; momentum with prominent integratorsIndia:Awakening around C-sUASSignificant initial sales expected in 2022Indigenous production (thru Indian JV) is planned in 2023
10 2022 Forecast Avionics:Stable at ~$10M, similar to recent yearsUS SHORAD/Point-Defense: Stabilizing, over-90% of forecast is visible thru DoD budget line itemsForecasting $90M for 2022“Urgency” suggests upsideNon-US SHORAD/Point-Defense: Pipeline of about $1B for the next 5 yearsTranslating into $40M for 2022Organic revenue guidance calls for $140M, up 20% YoY, in line with “street consensus”Growth strategy addresses M&A