 Breeze-Eastern Shareholders Meeting
Brad Pedersen, CEO & President
September 12, 2013
Whippany, NJ
Exhibit 99.1
CONFIDENTIAL INFORMATION: Any and all information, specifications, manufacturing information,
schedules, marketing plans, prices or other data provided in this email to you is
proprietary information belonging to Breeze-Eastern Corporation, and is not to be used,
revealed, copied, transmitted or discussed with any third party without the prior written
consent of Breeze-Eastern Corporation. This restriction does not limit your right to use
the above information if it is properly obtained from another source without restriction. If
you have received this E-mail in error, please delete it and all its contents from your
message systems and notify the sender of the erroneous receipt EXPORT CONTROLLED -
WARNING: This document may contain information that is subject to the International Traffic in Arms Regulation (ITAR) or the Export Administration
Regulations (EAR), and may not be exported, released, or disclosed to foreign nationals,
either in the United States or overseas, without first complying with the export
requirements/regulations of the ITAR and/or the EAR. The recipient is responsible for
complying with all such export requirements/regulations. Include this notice with any
reproduced portions of this document |
 INFORMATION ABOUT
FORWARD-LOOKING STATEMENTS 2
This
presentation
contains
forward-looking
statements
within
the
meaning
of
Section
27A
of
the
Securities
Act
of
1933
as
amended,
and
Section
21E
of
the
Securities
Exchange
Act
of
1934,
as
amended,
regarding
our
future
operating
performance,
financial
results,
events,
trends
and
plans.
All
statements
in
this
presentation
other
than
statements
of
historical
facts
are
forward-looking
statements.
Forward-looking
statements
involve
numerous
risks
and
uncertainties.
We
have
attempted
to
identify
any
forward-looking
statements
by
using
words
such
as
“anticipates,”
“believes,”
“could,”
“expects,”
“intends,”
“may,”
“should”
and
other
similar
expressions.
Although
w
e believe
that
the
expectations
reflected
in
all
of
our
forward-looking
statements
are
reasonable,
we
can
give
no
assurance
that
such
expectations
will
prove
to
be
correct.
Such
statements
are
not
guarantees
of
future
performance
or
events
and
are
subject
to
known
and
unknown
risks
and
uncertainties
that
could
cause
our
actual
results,
events
or
financial
positions
to
differ
materially
from
those
included
within
the
forward-looking
statements.
Such
factors
include,
but
are
not
limited
to
competition
from
other
companies;
changes
in
applicable
laws,
rules,
and
regulations
affecting
the
Company
in
the
locations
in
which
it
conducts
its
business;
interest
rate
trends;
a
decline
or
redirection
of
the
United
States
government
defense
budget,
the
failure
of
Congress
to
approve
a
budget
or
continuing
resolution,
changes
in
spending
allocation
or
the
termination,
postponement,
or
failure
to
fund
one
or
more
significant
contracts
by
the
United
States
government
or
other
customers;
changes
in
our
sales
strategy
and
product
development
plans;
changes
in
the
executive
management
team;
status
of
labor
relations;
competitive
pricing
pressures;
market
acceptance
of
our
products
under
development;
delays
in
the
development
of
products;
determination
by
us
to
dispose
of
or
acquire
additional
assets;
general
industry
and
economic
conditions;
events
impacting
the
U.S.
and
world
financial
markets
and
economies;
and
those
specific
risks
disclosed
in
our
Annual
Report
on
Form
10-K
for
the
fiscal
year
ended
March
31,
2013,
Quarterly
Reports
on
Form
10-Q,
and
other
filings
with
the
Securities
and
Exchange
Commission.
We
undertake
no
obligation
to
update
publicly
any
forward-looking
statements,
whether
as
a
result
of
new
information
or
future
events. |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Sales and Operating Income
3 |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. EBITDA $ and % of Sales
4 |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Cash and Debt
$ Millions
FY05
FY06
FY07
FY08
FY09
FY10
FY11
FY12
FY13
5
FY14 1Q |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. BZC Stock Price
|
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. FY2013: Key Accomplishments
•
Sales of almost $80 million
•
Paid off term-debt more than one year early
•
We have zero debt
•
Completed Significant Milestones on Several
Development Programs
•
Engineering spending decrease
•
Improved spare parts and O&R delivery times
•
Awarded US Army Multi-Year VIII with Sikorsky
•
Retains Breeze-Eastern on the Black Hawk for five more years
7 |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Breeze-Eastern Products and
Services 8
•
“Heroes use our equipment to save lives every day”
•
Military and commercial helicopters:
•
Rescue hoists, cargo hooks, cargo winches
•
Military cargo aircraft:
•
Cargo winches and parachute line retrieval winches
•
Full-service supplier including:
•
Overhaul and repair
•
Spare parts
•
Training |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Breeze-Eastern Customers
•
Global original equipment manufacturers (OEM) and helicopter
operators
•
Mission critical operations
•
Search and rescue
•
Shipboard operators
•
Global manufacturers and operators of military cargo aircraft
•
U.S. Military:
•
Army, Navy, Air Force, Coast Guard, National Guard, Border Patrol
•
International military organizations
•
State/county police, fire, and rescue departments
•
Other global aerospace/defense companies
9 |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Current Market Conditions
•
U.S. Department of Defense sequestration uncertain
•
European and international market demand forecasted to be
stable and consistent
•
OEMs continue to develop new aircraft platforms
•
Potential to grow in markets such as China, India, and other
Eastern Europe/Asian countries
10
•
Specific impact not predictable
•
Less vulnerable are high-value rescue and special ops missions
•
We have a slight buffer from our platform diversity and aftermarket
service and parts |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Current Military Platforms
11
Rescue
Cargo
Cargo
Weapons
Service
OEM
Platform
Hoist
Hook
Winch
Handling
Other
US Army
Sikorsky
UH/HH-60
Black Hawk
MH-60
Black Hawk
Boeing
CH-47
Chinook
MH-47
Chinook
US Air Force
Alenia
C-27 JCA
Spartan
Boeing
C-17
Globemaster
Retrieval Winch
Lockheed-Martin
F-35
Lightning
Sikorsky
HH-60
Pavehawk
US Navy
Sikorsky
MH-60R
Seahawk
Probe Hoist
MH-60S
Knighthawk
SH-60B/F
Seahawk
Probe Hoist
US Marine Corps
Sikorsky
CH-53
Sea Stallion
CH-53K
Super Stallion
Bell/Boeing
V-22
Osprey
Airbus Military
A400M
All Customers
Cargo Winch and Retrieval Winch |
 New Product
Development Cargo Winch
Retrieval Winch
Weapon Handling
Cargo Hook &
Rescue Hoist |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Breeze-Eastern
Strengths •
Respected global leader in hoists, winches, cargo
hooks, and weapons handling
•
Highly-reliable products
•
Full-service provider –
design, build, repair, and
maintain
•
Established and growing product base for
aftermarket spare parts and overhaul & repair
•
Strong cash flow and healthy balance sheet
13 |
 Use or disclosure of data contained on this sheet or subsequent sheets
is subject to the restriction on the title page. Strategic Focus
•
Continuous improvement in global customer
service & support
•
Speed and responsiveness to customer needs
•
Global support network
•
New product development and improvement of
legacy products
•
Continue to leverage balance sheet strength
14 |
 Environmental Site Status
15
Status as of September 2013
Original Number of Sites = 25, Sites Remaining = 10
15
14
Closed - prior to FY13
1
Closed June 2013
3
Near Closure
2
Active Monitoring
5
Active Characterization &
Remediation
Longer Completion Timeline |
 Significant Environmental Advances
•
Glen Head, NY
•
Completed soil remediation and site characterization
•
Negotiating sale with buyer
•
Fed Labs, PA
•
Closure at Area 11 pending based on buried munitions screening
•
Closure strategy at Area 15A included turning off groundwater treatment and
subsequent testing to determine how aquifer responds
•
Working with governmental agencies to resolve claims for past and future
costs at Eastern Areas
•
Wyoming, IL
•
Closed June 2013 –
Illinois issued “no further remediation”
letter
•
Irvington, NJ
•
Characterization completed; cleanup begins in Fall 2013
•
Temporary treatment system suspension granted by the state
•
Sunnyvale, CA and Placerita, CA
•
Reduce annual spending
•
Closure pending for Brazil and Milpitas, CA
16 |
 Questions
? 17
CONFIDENTIAL INFORMATION: Any and all information, specifications, manufacturing information,
schedules, marketing plans, prices or other data provided in this email to you is
proprietary information belonging to Breeze-Eastern Corporation, and is not to be used,
revealed, copied, transmitted or discussed with any third party without the prior written
consent of Breeze-Eastern Corporation. This restriction does not limit your right to use
the above information if it is properly obtained from another source without restriction. If
you have received this E-mail in error, please delete it and all its contents from your
message systems and notify the sender of the erroneous receipt EXPORT CONTROLLED -
WARNING: This document may contain information that is subject to the International Traffic in Arms Regulation (ITAR) or the Export Administration
Regulations (EAR), and may not be exported, released, or disclosed to foreign nationals,
either in the United States or overseas, without first complying with the export
requirements/regulations of the ITAR and/or the EAR. The recipient is responsible for
complying with all such export requirements/regulations. Include this notice with any
reproduced portions of this document
|