Butler National Corporation · OTC:BUKS
Butler National — Shareholder Meeting (October 2020)
29 slides from Butler National's shareholder meeting presentation, Oct 6, 2020
Slide 1: Butler National Corporation Annual Meeting of Shareholders
Butler National Corporation Annual Meeting of Shareholders Tuesday ~ October 6, 2020 10:00 AM - Milburn Country Club - Overland Park, KS
Slide 2: Agenda
Agenda Fiscal Year 2020 Annual Meeting of Shareholders CALL TO ORDER DECLARATION OF A QUORUM BUSINESS MEETING | RESULTS OF VOTING ADJOURN MANGEMENT DISCUSSION MEETING CLOSES October 6, 2020. © Butler National Corporation
Slide 3: Annual Meeting of Shareholders
Annual Meeting of Shareholders *Elect Two Directors fora Three (3) Year Terms David B. Hayden Michael J. Tamburelli — Ratify Selection of Auditors for Fiscal Year 2021 << RBSM, LLP eAdvisory Vote on Compensation of Named Executives
Slide 4: Tuesday - October 6, 2020
Tuesday - October 6, 2020 10:00 AM - Milburn Country Club - Overland Park, KS
Slide 5: Thank you for your patience
Thank you for your patience October 6, 2020 © Butler National Corporation
Slide 6: Agenda
Agenda Fiscal Year 2020 Annual Meeting of Shareholders = COMPLETED ITEMS 1 THROUGH 3 RESULTS OF VOTING 7 ADJOURN BUSINESS MEETING, iis MANAGEMENT DISCUSSION 2 QUESTIONS? &) October 6, 2020 © Butler National Corporation
Slide 7: Our Locations
Our Locations Corporate — Avionics/Defense — Aircraft Modifications OLATHE, KANSAS TEMPE, ARIZONA NEWTON, KANSAS Our corporate headquarters Butler National Corporation Avcon Industries, Inc. is are located in a 9,000 has an office and located at 714 North Oliver square foot owned facility manufactur
Slide 8: Butler Avionics, Inc. location
Butler Avionics, Inc. is located at 280 Gardner Dr. Suite 3, New Century, Kansas in a 19,500 square foot leased facility of hangar and office space at the New Century Airport (former Olathe Naval Air Station). October 6, 2020 © Butler National Corporation
Slide 9: Aerospace Products and Professional Services
* AEROSPACE PRODUCTS Aircraft Modification (Aircraft Modifications, Aircraft) Classic Aviation Products Avionics (Avionics) Defense Contracting & Electronics Classic Aviation Products * PROFESSIONAL SERVICES Management Services (Gaming, Corporate) Kansas State Owned Gaming - KELA BHCMC and BNC Archi
Slide 10: International
INTERNATIONAL Aspects of Market REP OF CHINA S. AFRICA SAUDI ARABIA SPAIN Last 5 years WEDEN UKRAINE UNITED KINGD! (S) -¢ October 6, 2020 © Butler National Corporation ~ ‘
Slide 11: Avcon Industries Multi-Mission Pod
Avcon Industries, Inc. MULTI-MISSION POD @) Bo So.uri0ns ‘SA2300CE SA2428CE + SA2429CE ‘Aucon offers provisions for up to 7 sensors, and our pod is / designed to suit Most ISR Sensors. All the sensors inside the pod are attached to an STC approved Rail Payload Attach- ment that can be customized wit
Slide 12: Slide 12
Slide 13: Slide 13
Slide 14: Product Support for Legacy Aircraft
Product Support for Legacy Aircraft Avcon Industries, Inc. — Newton, Kansas LEARJET &) October 6, 2020 © Butler National Corporation
Slide 15: Avionics
AVIONICS =— bebe BUTLER Butler Avionics, Inc. AVIONICSIS NEWAND USED PRODUCTS - INSTALLATIONS - SERVICE October 6, 2020 © Butler National Corporation
Slide 16: Apache/Longbow & Blackhawk Helicopters
e Apache/Longbow & Blackhawk Helicopters — Gun Control, Testing Equipment, Cabling October 6, 2020 © Butler National Corporation
Slide 17: Fireside
Wy FIRESIDES October 6, 2020 © Butler National Corporation
Slide 18: Cautionary Statement
SEC Form 8-K filed Today, Oct 6, 2020 a Butler National Corporation Cautionary Statement — ee + The statements in this presentation may constitute "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. Forward- looking statements can of
Slide 19: Certain Economic Drivers for Business Segments
SEC Form 8-K filed Today, Oct 6, 2020 ase Certain Economic Drivers for Business Segments ae 4 * Services — Gaming — BHCMC (Boot Hill) — Patrons feel at home and have fun at BHCR — Patron Attitude toward future of markets — Job satisfaction of BHCMC team members — Gas and Oil prices worldwide — Grain
Slide 20: Outlook for the future by business segment
SEC Form 8-K filed Today, Oct 6, 2020 ase Outlook for the future by business segment ae 4 ¢ Services —- BHCMC (BHCR) and other — Team members have ownership attitude — Marketing focus on Oklahoma competition — Marketing approach is resulting in actual revenue and profit growth except for virus — Con
Slide 21: Key Economic Drivers for Business Segments
SEC Form 8-K filed Today, Oct 6, 2020 ase Key Economic Drivers for Business Segments ae 4 ¢ Aerospace — Avcon-— BAI — Tempe — Global Government Interests — Gas and Oil prices worldwide — Special Mission — Worldwide stability — Refreshment of current aircraft fleets — Regulatory/Air Traffic Control M
Slide 22: Outlook for the future by business segment
SEC Form 8-K filed Today, Oct 6, 2020 ase Outlook for the future by business segment ae 4 « Aerospace — Avcon— BAI — Tempe — Backlogs are strong through spring 2021 — Refreshment of Learjet 30 and 60 series is happening for Special Mission fleets — Regulatory Mandate related to ADS-B (in/out) — Worl
Slide 23: BHCMC option to purchase Facility Lease
SEC Form 8-K filed Today, Oct 6, 2020 ase BHCMC option to purchase Facility Lease ae 4 « Extension/renewal of the management contract is completed and approved by the State of Kansas * Regardless, the closing will depend on many factors, including regional economic conditions in the market area and
Slide 24: Purchase of the minority interest in BHCMC
SEC Form 8-K filed Today, Oct 6, 2020 ase Purchase of the minority interest in BHCMC ae 4 ¢ 1st— Exercise the BHCMC option to buy Facility Lease — Action is waiting on financing * 2d _ Negotiate a workable purchase and sale agreement at fair market value for the minority interest — No Action on this
Slide 25: Make Gaming a public company
SEC Form 8-K filed Today, Oct 6, 2020 ase Make Gaming a public company ae 4 *« The BOD has explored alternatives for separating the gaming operation of the Company into a separate public company. Although there can be no assurances that this separation will ever take place, the separation will not b
Slide 26: 2016 Equity Incentive Plan
SEC Form 8-K filed Today, Oct 6, 2020 ase 2016 Equity Incentive Plan ae 4 * 2016 Equity Incentive Plan, 12.5 million shares authorized 7.5 million issued — Plan is to issue remaining 5.0 million ¢ Board of Directors (BOD) believes that BNC should have retention program for all levels of employees *
Slide 27: Incentive 401(k) Match with BUKS stock
SEC Form 8-K filed Today, Oct 6, 2020 ase Incentive 401(k) Match with BUKS stock ae 4 ¢ Retirement Plan is a requirement for hiring and retention of employees in BNC segments « Match encourages participation in the plan * Stock match encourages loyalty to BNC team ¢ Active program to purchase stock
Slide 28: October 6, 2020
October 6, 21 utler Ne
Slide 29: Thank You!
THANK YOU! October 6, 2020 © Butler National Corporation