Investor Brief FY15 FY1 Q1 Investment Data NASDAQ: Fiscal Year End: 52-Week High/Low: Market Cap1: Enterprise Value1: Shares Outstanding: Company Profile ATNY November $2.92/$1.77 $119M $230M 55M API Technologies is a leading provider of RF, microwave, millimeterwave, power, and security solutions for high performance defense, commercial aviation, aviation industrial, and communications applications. The company is an established supplier to major defense, space, and industrial programs. Products/solutions areas span: RF, Microwave & Microelectronics and Electromagnetic Integrated Solutions (EIS), Power Solutions, Secure Systems & Information Assurance, and Electronics Manufacturing Services (EMS). 1 Apr 9, 2015, first trading day after Q1 earnings announced Government and Security End Markets Key Customers • BAE Systems • Boeing • Ciena • Harris • Lockheed Martin • PCTel • Raytheon • Selex • Sierra Nevada • Syracuse Research Corp. LTM-ended ended February 28, 2015 Medical, Industrial and Commercial Aero 65.9 70 58.4 62.0 Communication and Consumer 13% Secure Systems & Information Assurance (SSIA) 68.3 64.2 58.8 58.3 62.6 59.1 Electronics Manufacturing Services (EMS) 58.9 53.4 60 53.2 57.8 56.9 50.9 50 40 30 25.0 20 10 0 May-11 Aug-11 Nov-11 Feb-12 May-12 Aug-12 Nov-12 Feb-13 May-13 13 Aug-13 Nov-13 Feb-14 May-14 Aug-14 Nov-14 Feb-15 Does not include Sensors business (sold April 2013) and Data Bus product line (sold July 2013), both now reported as Discontinued Operations Company EBITDA Trend ($M) 11 10 9 8 7 6 5 4 3 2 1 0 -1 -2 -3 10.1 8.9 Adj. EBITDA 8.4 7.3 9.3 7.4 6.1 Adj. EBITDA % 7.8 6.3 6.3 6.5 5.2 4.3 (1.5) 54% 25% Revenue by Segment ($M) Systems, Subsystems & Components (SSC) Defense 8% 7.2 19% 17% 15% 6.0 13% 11% 9% 7% 5% 3% 1% -1% -3% -5% -7% Investment Highlights • Differentiated products with strong, design-in in positions 90%+ sole/primary source with recurring revenue streams • Focus on profitability Demonstrated ability to generate Adjusted EBITDA profitability and outperform competitors, in spite of challenging market conditions • Established leader in high-barrierhigh toentry markets One of the world’s largest merchant suppliers supplier of RF and microwave products; leading eading provider to 300+ established and emerging defense, satellite, tellite, space, and commercial aviation a programs Recent Highlights • Robert Tavares joins as President and Chief Executive Officer, effective March 2, 2015 Brings 30+ years of leadership and experience in microelectronics and semiconductor companies; most recently served as President of Crane Electronics, part of Crane Co. (NYSE: CR) www.apitech.com E: [email protected]