FLYHT Aerospace Solutions — Investor Presentation (November 2023)
12 slides from FLYHT Aerospace Solutions's investor presentation, November 2023
Slide 1: November 2023 – Vision and Mission
November 2023 VISION: TO BE A GLOBAL FORCE IN INNOVATIVE DATA SOLUTIONS MISSION: LEAVE NO DATA STRANDED; LEAVE NO ACTION INCOMPLETE
Slide 2: Disclaimers – Forward Looking Statements
DISCLAIMERS FORWARD LOOKING STATEMENTS This discussion includes certain statements that may be deemed Government activities, volatility of the aviation market for the “forward-looking statements” that are subject to risks and Company’s products and services, factors that result in significant uncert
Slide 3: FLYHT is a Global Leader in the Aerospace Industry
FLYHT is a Global Leader in the Aerospace Industry Founded | 1998 Capitalization Table Price ($C) $0.72 Insider Ownership Shares o/s (M, Bsc) 38.969 Shares (M) 1.623 IPO | TSXV March 2003; OTCQX June 2014 Stock Options (M) 1.735 Percent 4.2% Warrants (M) - Institutional Ownership HQ | Calgary, Alber
Slide 4: 24 Years of Commercial Aviation Experience
24 Years of Commercial Aviation Experience $$$ ~ $23M $38M 50% ~60% LTM Revenue Backlog at Q3 2023 YTD SaaS Revenue SaaS as % of Total Gross Margins 4,300 AFIRS installations 95%* ~$78M >100 5.1M** Retention Rate Opportunity probable value Supplemental Type Certificates Hours of Voice and Data (100+
Slide 5: Macro Trends Serving as Major Tailwinds for FLYHT
Macro Trends Serving as Major Tailwinds for FLYHT Technology Obsolescence Real-Time Aircraft Weather Solutions Analysis 2G/3G and LTE networks sunsetting Need for real-time data and analysis Need for new solutions to provide around the world creates need for to support decision making and government
Slide 6: Large Addressable Markets in Aviation and Weather
Large Addressable Markets in Aviation and Weather Technology Obsolescence Real-Time Aircraft Analysis Weather Solutions $750M $3B $600M Hardware Lifetime Combined SaaS $30,000 per aircraft for 25,000 aircraft is $500 per month for 25,000 aircraft is $3B Meteorological agencies: ~200 WVSS-II $750M op
Slide 7: Automated Aircraft: Suite of Software Solutions
Automated Aircraft: Suite of Software Solutions Airborne eWQAR eAID ACARS ADL+ Edge SatCom ACMS Edge Real-time collection and analysis over IP Server ELA Security of aircraft and 3rd party data sources that impact operations FLYHT’s software solutions use the right data at the right time to Ground t
Slide 8: Weather Solutions: Intelligence for Meteorological Agencies and Aviation
Weather Solutions: Intelligence for Meteorological Agencies and Aviation FLYHT-WVSS-II water vapour sensor system plays an important role in Aircraft Based Observations (ABOs) for meteorologists & airlines to enhance weather predictability & advance aviation environmental goals Real-time ABOs are a
Slide 9: Significant Potential for AFIRS Edge & Weather Products
Significant Potential for AFIRS Edge & Weather Products SaaS Revenue Growth to 20% of TAM Annual AFIRS Edge & Weather products SaaS potential ▪ 5,000 cumulative installs from 2024 to 2028 represents 20% market share ▪ Range from $6,000 to $8,400 SaaS per airframe per year Total SaaS during this time
Slide 10: Long-Term Track Record of Growing SaaS Revenue
Long-Term Track Record of Growing SaaS Revenue Growth of recurring software revenue Decimation in air travel demand (50% of YTD 2023 revenue) supports caused by Covid-19 pandemic high gross margins $5.3M $5.1M $3.8M Hardware, Licensing, $2.7M $2.8M Technical Services $1.2M 45% of revenue SaaS
Slide 11: Investment Thesis
Investment Thesis Large TAM in Hardware/Software/Weather. Extremely well positioned to capture meaningful share of TAM in Hardware ($750M), lifetime SaaS ($3.0B) and Weather ($3M+ per year per agency) Strong Tailwinds Favor FLYHT's Solutions. 3G/LTE obsolescence provides significant opportunity with
Slide 12: Thank you
Thank you Kent Jacobs, Interim CEO 403.444.7710 kjacobs@flyht.com Alana Forbes, CFO 403.291.7437 aforbes@flyht.com Matt Chesler, CFA, IR 646.809.2183 mchesler@flyht.com
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