Exhibit 99.1 - EMRISE CORP2011116113537 by dfsiopmhy6

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									Exhibit 99.1
        NY SE Arca : E RI
        EM RISE
        CORP OR AT ION
        EM RISE
        CORP OR AT ION A
        mult i-na tional
        ma nufa cturer of
        ele ctroni c devic es
        and communica tions
        equipment for the
        aerospac e, defense ,
        commercia l and
        industria l markets in
        North Ame ric a a nd
        Europe M ay 2009
Safe H arbor
Stat ement, O ther
Informat ion 2
The ma tte rs
di scussed in this
prese ntati on,
including any
oral c omments
that ac compa ny
the pre senta tion
or given in
re sponse to
que stions, may
contain forw ard-
looking
state ments w ithin
the mea ning of
the Private
Sec uriti es
Lit igation
Reform A ct of
1995. Forwa rd-
looking
state ments
include, but are
not li mited to,
orders, bac kl og,
fina nc ial re sul ts,
products, a nd/or
ot he r e vents tha t
ha ve not yet
oc curre d. Ac tual
re sul ts may diffe r
ma teria lly from
those forw ard-
looking
state ments.
Fac tors tha t
could contribute
to s uc h
di fference s
include, but are
not li mited to,
va ri ations in
foreca sted
growt h rat e of
ma rke ts for the
company’s
products,
changes i n
EM RISE ’s
fina nc ial
condition and
fina nc ial re sul ts,
the compa ny’s
ability to
di stingui sh i tself
and it’s products
from c urrent a nd
future
competit ors and
those fa ctors
containe d in the
“Risk Fac tors ”
Sec tion of the
company’s most
re cent filings
with the U.S .
Sec uriti es and
Exc ha nge
Commi ssion on
Form 10-K a nd
Form 10-Q.
Unle ss ot herwise
indi cat ed,
fina nc ial re sul ts
prese nted for a ll
pe ri ods in this
prese ntati on a re
show n as “ from
continuing
ope ra tions” and
exclude the
fina nc ial re sul ts
for Digitran,
whic h w as sol d
3/ 20/09. D igitran
re sul ts, whe n
included, a re
prese nted a s
“di scontinued
ope ra tions.” Ma y
2009
3 C ompa ny
Highlights
Ac quired
Advanc ed Control
Compone nt s
(A CC) 8/ 08
EM RISE gaine d
acc ess to U .S.
de fe nse ma rket
Expande d
ele ctroni c devic es
product line
Incl ude s RF
de vice s for “force
protec tion” and
“terrorist
interdiction ”
Ac cretive 2008
re cord reve nue of
$51 milli on, up
13% from 20071
Positive A djuste d
EBIT DA 2 of $1.4
mi llion for 20081
Sold non -core
Digitran sw itc h
busine ss 3/20/09
All c ash dea l –
$11.5 milli on a t
closing, $500,000
earn out Repa id
$10 milli on of
de bt used to
purcha se A CC Cut
ongoing intere st
expense by more
than $300,000 per
qua rte r Improve d
ba lanc e shee t,
tangible ne t worth,
de bt to equity ratio
1R esults for
Digitran e xcluded
from a ll periods
show n, includes
ACC resul ts since
Aug ‘08
2A djuste d
EBIT DA is non-
GA AP measure
and defined as
earnings before
interest, ta xes,
de pre cia tion,
amort iza tion, non-
cash stoc k
compensat ion, ne t
ot he r i nc ome, loss
on e arly
extinguishment of
de bt and loss on
asset impairment,
less net ga in on
di scontinued
ope ra tions
4 C ompa ny
Highlights
(Cont ’d) Q 1 ‘09
re ve nue of
$14.2 million,
up 34% ye ar-
ove r-ye ar1
Positive
adjusted
EBIT DA of
$425,000 for Q1
‘091 Re ce nt ly
cut annual ize d
ope ra ting costs
by ~$3 milli on
$2 mill ion a t
busine ss unit
level $1 mill ion
at corpora te
level w ith
he adquarte rs
re locat ion
Focuse d on
growi ng c ore
busine sses
Organic growt h,
acquisit ions,
allia nce s
Pri nc ipal
ma rke ts in U .S .
and Europe
Proje cti ng
strong yea r-
ove r-ye ar
pe rforma nce in
2009 18%
re ve nue grow th
from c ontinuing
ope ra tions1
Positive
Adjuste d
EBIT DA for ful l
ye ar Profita ble
for last ha lf
2009 1Res ul ts
for Digitran
exclude d from
all periods
show n, includes
ACC resul ts
since A ug ‘08
5 P roduct, M a rke ts
& O pportunit ies
Produc t cat egori es
RF devic es a nd
subsyste ms Pow er
syst ems M arkets
De fe ns e
Comme rcia l
aviat ion Industri al
Pri mary growth
opportunity Globa l
de fe nse “ Forc e
protec tion” and
“terrorist
interdiction”
Business outlook
strong despite we ak
gl oba l ec onomy
Produc t cat egori es
Ne twork acc ess
including timing &
sync hroniz ation
Ne twork test
equipment M arket s
Public & private
ne tw orks U tility
ne tw orks D efense
ne tw orks Primary
growt h opportuni ty
Edge ne twork
timing &
sync hroniz ation
Ele ctronic D evic es
Communic ati ons
Equipment
6 K ey
Customers –
Ele ctronic
De vi ces
Europe
AIRBU S U SA
7 K ey Custome rs –
Communic ati ons
Europe US A
Ta iwa n Asia North
Afric a P ubli c
Te lephone
Ne tworks
including: T uni sia,
Libya , A lge ria ,
Morocc o, G ambia ,
Côte d’Ivoire,
Came roon,
Ma urit ania
8 Q 1 ‘09 Income
Stat ement
Highlights
(T hous ands,
exce pt % E PS)
Q1 20091
(U naudite d) Q 1
20081
(U naudite d)
From c ont inui ng
ope ra tions:
Revenue , up
34% $ 14,210
$ 10,640 Gross
ma rgi ns 34.9%
32.3% Loss from
continuing
ope ra tions
$ (770) $ (1,270)
Disc ontinued
ope ra tions: G ain
on sa le of
Digitran $ 7,220
- Ta xes on gain
on sa le $ 1,360 -
Ne t income
(loss) $ 5,270
$ (900) E PS –
fully dilute d
$ 0.51 $ (0.09)
Adjuste d
EBIT DA (non -
GA AP measure,
see sl ide 3)
$ 425 $ (290)
1D igitran
fina nc ial re sul ts
exclude d from
all periods
show n, exce pt
those shown for
Disc ontinued
ope ra tions, Ne t
income (loss)
and EP S.
Incl ude s re sults
of A CC since
Aug ‘08
9 Q 1 ‘09 Ba lanc e
Shee t Highlights
(T hous ands) Q 1
20091
(U naudite d)
12/31/081 Ca sh
and equivale nts
$ 3,630 $ 3,240
Tota l asse ts
$ 48,235
$ 53,620 Current
ra tio 1.33:1
1.33:1 Working
capit al $ 6,750
$ 7,570 Tota l
de bt including
both short- and
long-term
obli ga tions
$ *13,245
$ 23,470
Stockholders’
equity $ 17,885
14,004 *Reflec ts
$10 milli on
pa yment made in
Ma rc h ‘09 to
re duc e A CC
re late d
acquisit ion de bt
1W here
applica ble,
Digitran result s
ha ve bee n
exclude d from
pe ri ods show n
10 A nnua l
Financ ial
Highlights1,2
Revenue from
Cont inui ng
Operat ions T rend
3D oes not
include impa ct of
future
acquisit ions or
sale s of non-core
busine sses or
product line s
1F ore ign
re ve nues
tra nslate d to US
doll ars from
local c urrenc ies
can be posit ively
or nega tively
impa ct ed by
fluc tuations in
excha nge ra tes
for Brit ish pound
and Euro in
re lation to U .S.
doll ar 2R esults
for Digitran
exclude d from a ll
pe ri ods show n,
includes A CC
re sul ts since Aug
‘08 $60+ $40
$45 $51 $0 $10
$20 $30 $40 $50
$60 $70 2006
2007 2008
2009E 3 ($ in
Mi llions)
2009
Overview :
Esti mate d
Revenue $60+
Mi llion1
Europe & Asi a
Produc tion by
Region
Ele ctronic
De vi ces
Business
Segme nt s 11
1R evenue from
continuing
ope ra tions;
exclude s
Digitran
re ve nue 73%
27% 52% 48%
Quarte rly
Adjuste d E BIT DA
Adjuste d
EBIT DA 1,2
(unaudite d) 12
2A djuste d
EBIT DA is non-
GA AP measure
and defined as
earnings before
interest, ta xes,
de pre cia tion and
amort iza tion, non-
cash stoc k
compensat ion, ne t
ot he r i nc ome, loss
on e arly
extinguishment of
de bt and loss on
asset impairment,
less net ga in on
di scontinued
ope ra tions. ($ in
thousa nds) E
1R esults for
Digitran e xcluded
from a ll periods
show n, includes
ACC resul ts since
Aug ‘08 $(293)
$(109) $607
$1,228 $425
($500) $0 $500
$1,000 $1,500 Q 1
'08 Q2 '08 Q 3 '08
Q4 '08 Q 1 ' 09 Q2
'09 Q3 '09 Q 4 '09
13 Corpora te G row th
Strate gi es Inc rease
re ve nue and profita bility
Ac cel erate organic
growt h i n c ore
busine sses E le ctroni c
de vice s for globa l
de fe nse a nd c ommercia l
applica tions “ Forc e
protec tion” and
“terrorist inte rdic tion ”
In-flight E nterta inment
& C ommunic ati ons
(IFE &C) s yst ems
(c urrently on plan for
2009, should re bound as
economy improve s)
Edge N et work T iming
& S ynchroniz ati on
Capita lize on customer
ba se, operat ions i n N A ,
Europe & Asi a Improve
gross margins Focus on
containme nt/additi ona l
re duc tions of operat ing
cost Cut inte re st costs
by reduci ng de bt further,
re pl aci ng le nder
Strengthen focus on core
busine sses A cquisit ions
Alli ance s
14 G row th
Opport unit y –
ACC G lobal
de fe nse ma rket &
commercia l
ma rke t
opportunities H igh
pe rforma nce RF
and microwa ve
compone nts for
mi litary,
aerospac e,
commercia l and
instrume nt ation
ma rke ts RF
de vice s used in
ra di o c ontrolle d
IE D (RCIE D)
jamming systems
for mi litary $18+
mi llion re venue in
first 12 mont hs
post -close
expec ted, up from
$12 milli on in
prior 12 -month
pe ri od $7 milli on
in ne w orders for
RF devic es used in
RCIE D jamming
syst ems rece ived
since A ugust ’08
Signifi cant ma rgin
and profit
contri buti ons
Expande d product
offerings for
commercia l and
de fe nse ma rket s
EM RISE Fe deral
NO Ls provide ta x
she lte r for
consolidate d
income M a xi mize s
ne t income /E PS,
improves c ash
flow Exc elle nt
gl oba l grow th
pote ntial , de spite
economy RCIED
jamming systems
in de fe nse,
commercia l,
gove rnment
ma rke ts A CC ca n
enter E uropea n
ma rke ts via
EM RISE U K
ope ra tions
15 Convergenc e of
IP -ba sed net works
creat ing de mand
for edge net work
timing equipment
Advanta ges of
edge net work
timing ve rsus
central -office
timing Home land
Sec urity ne eds for
di spe rs ed edge
ne tw ork timing
Ac cura te t iming
re quired for ne xt -
ge neration
broadband a nd
mobil e phone , data
and video traffic
Potentia l for broa d
proliferation into
all c ommunic ations
ne tw orks Private
ne tw orks Public
ut ilitie s
Government a nd
mi litary
De pl oyme nt of
“ Ne xt Ge ne ra tion
Ne tworks” that
include ne twork
ma nage ment
protocols G row th
Opport unit y –
Ne twork Timi ng
16 S tock
Informat ion
Common sha re s
NY SE Arca :
ERI 52-we ek
pric e range (split
adjusted) $0.65 -
$3.19 Re ce nt
pric e (5/ 19/09)
$1.43 A ve ra ge
da ily trading
volume 29,660
Common sha re s
10.2 milli on
Ma rke t
capit aliz ation
$14.59 million
Instituti ona l
ow nership 20+%
Insider
ow nership
(offic ers,
di re ctors) 4%
Investme nt T he sis
Strong top - and
bott om -line
growt h, de spite
economy
Expande d a nd
growi ng mil itary
ele ctroni cs
busine ss RF
de vice s & pow er
syst ems – U.S.,
Europe , else whe re
Comme rcia l and
gove rnment
ma rke t grow th
opportunities N ew
edge net work
timing &
sync hroniz ation
products IFE &C
(on plan for 2009,
should begin
re bound as
economy
improves) RF
de vice s & pow er
syst ems
Ge ographic ally
di ve rse – prese nce
in N A and E urope
La rge internationa l
ba se of blue -chip
customers L ong -
term contract s,
re pe at c ustom
product revenue
Va lued at 0.24X
‘09E sal es vs.
0.67X peer group
average 17
NY SE Arca : E RI
EM RISE
CORP OR AT ION
EM RISE
CORP OR AT ION A
mult i-na tional
ma nufa cturer of
ele ctroni c devic es
and communica tions
equipment for the
aerospac e, defense ,
commercia l and
industria l markets in
North Ame ric a a nd
Europe M ay 2009

								
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