Creating Tomorrow's

Today

Investor Presentation

Forward Looking Statements

FORWARD-LOOKING STATEMENTS

This presentation includes "forward looking statements" relating to the announced transactions and future operations of the Company, which can be identified by the use of words such as "will," "expect," "poise," "believe," "plans," "strategy," "prospects," "estimate," "project", "seek," "target," "anticipate," "intend," "future," "likely," "may," "should," "would," "could," and other words of similar meaning in connection with a discussion of future operating or financial performance or events. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These statements are based on assumptions currently believed to be valid but involve significant risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ from those expressed in the forward looking statements. Such risks and uncertainties include, among others, the ability to implement the anticipated business plans following closing and achieve anticipated benefits and savings; and future and estimated revenues, earnings, cash flow, charges, cost savings and expenditures. Additional risks and uncertainties that could cause our actual results to differ from those expressed in the forward looking statements are identified in our reports filed with the SEC, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. The forward looking statements included in this presentation are made only as of the date of this presentation, and the Company does not undertake any obligation to update the forward looking statements to reflect subsequent events or circumstances.

Non-GAAP Figures

Management believes that the Non-GAAP financial measures (i.e. financial measures that are not computed in accordance with Generally Accepted Accounting Principles) identified by an asterisk (*) used in this presentation or in other disclosures provide important perspectives into the Company's ongoing business performance. The Company does not intend for the information to be considered in isolation or as a substitute for the related GAAP measures. Other companies may define the measures differently. Reconciliations from GAAP measures to the Non-GAAP measures are presented herein.

2021 Investor Deck

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Our strategy continues to be focused on engineered products, prioritizing a culture of innovation to develop new solutions that address complex customer challenges

2021 Investor Deck

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Recent Highlights

Key

Messages

  • Significant sequential improvements in Medical and Industrial end markets with strong order rates
  • Anticipating a significant ramp up in sales for our Commercial, Business and General Aviation products in the second half of the year
  • Cost control efforts carried forward, demonstrating our ability to maintain profitability despite year- over-year and sequential sales declines
  • Highly disciplined in our application of COVID-19 policies and procedures
  • Strong balance sheet and significant available capacity under our revolving credit facility

Q1 2021

Financial

Performance

(from continuing operations)

  • Net sales from continuing operations of $171.6 million; Gross Margin of 30.8%
  • Adjusted EBITDA from continuing operations* of $17.1 million flat with the fourth quarter of 2020 on lower sales
  • Earnings from continuing operations of $8.0 million, up $8.4 million over the prior year period
  • Diluted earnings per share from continuing operations of $0.29

2021 Investor Deck

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Diversified Portfolio

Actual Q1 2021

Sales By End Market

50% Defense

28% Commercial, Business &

General Aviation

12% Medical

10% Industrial and Other

2021 Investor Deck

Consolidated Sales

OEM87%

Aftermarket 13%

Commercial, Business &

General Aviation Sales 28% of Total

Boeing & Airbus

27%

(Commercial Aviation)(direct and indirect)

All Other

73%

(Business & General Aviation)

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Disclaimer

Kaman Corporation published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2021 21:14:02 UTC.