Firan Technology Group (FTG) Investor presentation summary

Financial and operational overview

• Achieved $191M in sales for 2025, up from $90M in 2022, reflecting a 30% three-year CAGR driven by acquisitions and organic growth.

• Operates 10 sites globally, including locations in the USA, Canada, China, and a new site under construction in India.

• Maintains strong working capital and minimal debt after recent acquisitions valued at over $50M.

• Revenue has more than doubled since pandemic lows, and adjusted EBITDA has more than tripled.

• Consistently cashflow positive, with 2023/24 cash conversion impacted by a large production ramp.

Strategic initiatives and growth drivers

• Focuses on reducing costs, improving efficiencies, and increasing operating leverage.

• Pursues growth by expanding technology, geography, and capacity, and targeting high-margin business.

• Leverages multiple growth levers: industry growth, new programs, operational excellence, new technology, globalization, and acquisitions.

• Recent FLYHT acquisition adds satellite communications and weather data products, with cost synergies and expanded product offerings.

• Future M&A targets include expanding technology, geographic reach, and aftermarket penetration, with a focus on accretive deals.

Market and industry trends

• Aerospace and defence markets are core, with products including cockpit/avionics and printed circuit boards.

• Airbus is projected to outperform Boeing in aircraft deliveries, with Airbus expected to exceed 2019 shipment levels in 2026.

• Defence spending is rising globally, with NATO spending increasing from 37% to 66% of US levels.

• Over 90% of revenue is denominated in USD, and contribution margin on incremental revenue is ~30%.

• US tariffs are being mitigated by expanding US manufacturing, targeting non-US markets, and passing costs to customers.