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Forward Looking Statements
EMS has included forward-looking statements in this investor presentation. All statements, other than statements of historical fact, included in this presentation that address
activities, events or developments that we expect or anticipate will or may occur in the future, or that depend upon future events, including such matters as our expectations with
respect to future financial performance, future capital expenditures, business strategy, competitive strengths, goals, expansion, market and industry developments, and the
growth of our businesses and operations, are forward-looking statements. For example, words such as "may", will", "would", "should", "estimates", "targets", "predicts", "projects",
"potential", "continues", "strategy", "believes", "anticipates", "plans", "expects", "intends" and similar expressions are intended to identify forward-looking statements. In particular,
this investor presentation includes financial projections, which provide management's current expectations with respect to our future financial performance over an extended
period of time.
Actual results could differ materially from those suggested in our projections or other forward-looking statements included in this investor presentation as a result of a variety of
factors. Such factors include, but are not limited to: economic conditions in the U.S. and abroad and their effect on capital spending in our principal markets; difficulty predicting
the timing of receipt of major customer orders, and the effect of customer timing decisions on our results; our successful completion of technological development programs and
the effects of technology that may be developed by, and patent rights that may be held or obtained by, competitors; U.S. defense budget pressures on spending priorities and
contract-award schedules; uncertainties inherent in the process of converting contract awards into firm contractual orders in the future; volatility of foreign currency exchange
rates relative to the U.S. dollar and their effect on purchasing power by international customers, and on the cost structure of our operations outside the U.S., as well as the
potential for realizing foreign exchange gains and losses associated with assets or liabilities denominated in foreign currencies; successful resolution of technical problems,
proposed scope changes, or proposed funding changes that may be encountered on contracts; changes in our consolidated effective income tax rate caused by the extent to
which actual taxable earnings in the U.S., Canada and other taxing jurisdictions may vary from expected taxable earnings, changes in tax laws, and the extent to which deferred
tax assets are considered realizable; successful transition of products from development stages to an efficient manufacturing environment; changes in the rate at which our
products are returned for repair or replacement under warranty; customer response to new products and services, and general conditions in our target markets (such as logistics,
space-based communications and commercial and private aviation), and whether these responses and conditions develop according to our expectations; the increased potential
for asset impairment charges as unfavorable economic or financial market conditions or other developments might affect the estimated fair value of one or more of our business
units; the success of certain of our customers in marketing our line of high-speed commercial airline communications products as a complementary offering with their own lines of
avionics products; the availability of financing for various mobile and high-speed data communications systems; risk that unsettled conditions in the credit markets may make it
more difficult for some customers to obtain financing and adversely affect their ability to pay, which in turn could have an adverse impact on our business, operating results, and
financial condition; development of successful working relationships with local business and government personnel in connection with the distribution and manufacture of
products in foreign countries; the demand growth for various mobile and high-speed data communications services; our ability to attract and retain qualified senior management
and other personnel, particularly those with key technical skills; our ability to effectively integrate our acquired businesses, products or technologies into our existing businesses
and products, and the risk that any such acquired businesses, products or technologies do not perform as expected, are subject to undisclosed or unanticipated liabilities, or are
otherwise dilutive to our earnings; the potential effects, on cash and results of discontinued operations, of final resolution of potential liabilities under warranties and
representations that we made, and obligations assumed by purchasers, in connection with our dispositions of discontinued operations; the availability, capabilities and
performance of suppliers of basic materials, electronic components and sophisticated subsystems on which we must rely in order to perform according to contract requirements,
or to introduce new products on the desired schedule; uncertainties associated with U.S. export controls and the export license process, which restrict our ability to hold technical
discussions with customers, suppliers and internal engineering resources and can reduce our ability to obtain sales from customers outside the U.S. or to perform contracts with
the desired level of efficiency or profitability; and our ability to maintain compliance with the requirements of the Federal Aviation Administration and the Federal Communications
Commission, and with other government regulations affecting our products and their production, service and functioning.
Undue reliance should not be placed on any forward-looking statements, which are based on current expectations. Further, forward-looking statements speak only as of the date
they are made, and EMS' management undertakes no obligation to update publicly any of them in light of new information or future events.
Given the inherent uncertainty involved in the presentation of our financial projections, we advise you to review the projections disclaimer on the next page of this investor
presentation for a detailed discussion of the factors that could cause our actual results to differ materially from our projected results and the limitations on the use of projections.
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