Astronics Corporation · NASDAQ:ATRO

Astronics — Shareholder Meeting (May 2007)

14 slides from Astronics's shareholder meeting presentation, May 9, 2007

  1. Slide 1: Annual Meeting of Shareholders

    Annual Meeting of Shareholders May 9, 2007 Copyright Astronics Corporation ©2007 Kevin T. Keane Chairman of the Board Copyright Astronics Corporation ©2007 1

  2. Slide 2: Safe Harbor Statement

    Peter Gundermann President & CEO Copyright Astronics Corporation ©2007 Safe Harbor Statement These slides contain (and the accompanying oral discussion will contain) “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known

  3. Slide 3: Presentation Topics; Accomplishments in 2006

    Presentation Topics ƒ Accomplishments in 2006 ƒ Industry Update ƒ Aircraft Platforms ƒ Financial Performance in 2006 ƒ Outlook for 2007 Copyright Astronics Corporation ©2007 Accomplishments in 2006 ƒ Record setting year ƒ Sales of $110.8 million ƒ Earnings of $0.69 per diluted share ƒ Backlog at $99

  4. Slide 4: Record Sales and Profitability

    Record Sales and Profitability ($ in millions) Sales Net Income (Loss) th w th $110.8 $5.7 ro w ro G G % 49 9 % 15 $74.4 $2.2 $34.7 ($0.7) 04 05 06 04 05 06 20 20 20 20 20 20 Copyright Astronics Corporation ©2007 Astronics’ 2006 Sales By Market By Product Other Airframe Other 1% Military Power 1% Co

  5. Slide 5: Industry Update: Aerospace Industry Drivers

    Industry Update Copyright Astronics Corporation ©2007 Aerospace Industry Drivers ƒ Global economic growth remains strong ƒ Stable domestic economy ƒ Long-term growth projected in China, India, Brazil, and Russia ƒ Commercial passenger traffic rising ƒ Worldwide annual passenger traffic expected to i

  6. Slide 6: Aerospace Industry Drivers; Aircraft Platforms

    Aerospace Industry Drivers ƒ Business jet market is strong ƒ New technologies driving demand ƒ International demand strong ƒ High expectations for new Very Light Jets ƒ Defense spending continues at healthy and stable levels ƒ Aircraft manufacturers continue to streamline supply chains Copyright Ast

  7. Slide 7: New Aircraft Platforms

    New Aircraft Platforms ƒ Astronics is providing high shipset content on a wide range of high profile aircraft platforms ƒ F-35 Joint Strike Fighter ƒ V-22 Osprey ƒ Tactical Tomahawk ƒ Cessna Mustang ƒ Embraer Phenom 100 ƒ Eclipse 500 ƒ In-Seat Power for Airline Passengers ƒ Airbus A380 Copyright Ast

  8. Slide 8: Business Jets and General Aviation; Military

    Business Jets and General Aviation ƒ Cessna Mustang ƒ First aircraft delivered November 2006 ƒ Astronics content: Exterior and cockpit lighting system ƒ Eclipse 500 ƒ First aircraft delivered December 2006 ƒ Reported order book: 2,500 firm orders ƒ Astronics content: Cockpit lighting, exterior light

  9. Slide 9: Financial Highlights

    David Burney Vice President & CFO Copyright Astronics Corporation ©2007 FINANCIAL HIGHLIGHTS ƒ 49% revenue growth 2005 to 2006 ƒ 2006 to 2007 projected revenue growth of 26% ƒ Improving the bottom line ƒ Development costs coming more in line as business grows, still a lot of opportunity ƒ Increased

  10. Slide 10: Record Sales and Profitability; 2006 Earnings

    Record Sales and Profitability ($ in millions) Sales Net Income (Loss) th w th $110.8 $5.7 ro w ro G G % 49 9 % 15 $74.4 $2.2 $34.7 ($0.7) 04 05 06 04 05 06 20 20 20 20 20 20 Copyright Astronics Corporation ©2007 2006 Earnings Diluted Earnings (Loss) Book Value per Share per Share $0.69 $3.91 $3.22

  11. Slide 11: Solid Trends; Strong First Quarter 2007

    Solid Trends Backlog Trend Book to Bill Ratio ($ in millions) $96.1 $99.5 1.30 1.24 1.03 $27.2 04 05 06 04 05 06 20 20 20 20 20 20 Copyright Astronics Corporation ©2007 Strong First Quarter 2007 Sales Net Income Diluted Earnings ($ in millions) ($ in millions) per Share $42.9 $4.7 $0.56 $25.3 $1.3 $

  12. Slide 12: Future Growth Trends; Outlook for 2007

    Future Growth Trends Backlog Trend Book to Bill Ratio ($ in millions) $97.0 0.94 0.94 $94.7 06 07 06 07 1 1 1 1 Q Q Q Q Copyright Astronics Corporation ©2007 Outlook for 2007 Copyright Astronics Corporation ©2007 12

  13. Slide 13: Robust Growth; Focus on the Future

    Robust Growth Revenue* $135 - $140 ($ in millions) $110.8 $74.4 $52.6 $42.6 $42.9 $33.2 $34.7 $24.8 $20.2 $23.5 97 98 99 00 01 02 03 04 05 06 E 07 19 19 19 20 20 20 20 20 20 20 20 * Excludes discontinued operations 1994-2003. Copyright Astronics Corporation ©2007 Focus on the Future ƒ Sales prospect

  14. Slide 14: Annual Meeting of Shareholders

    Annual Meeting of Shareholders May 9, 2007 Copyright Astronics Corporation ©2007 14

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