FLYHT Aerospace Solutions — Investor Presentation (June 2022)
12 slides from FLYHT Aerospace Solutions's investor presentation, June 2022
Slide 1: Q1 2022 Vision: To Be The Global Force In Innovative Data Solutions
Q1 2022 VISION: TO BE THE GLOBAL FORCE IN INNOVATIVE DATA SOLUTIONS
Slide 2: Disclaimers: Forward Looking Statements
DISCLAIMERS FORWARD LOOKING STATEMENTS This discussion includes certain statements that may be deemed Canadian, U.S., and foreign government activities, volatility of the “forward-looking statements” that are subject to risks and aviation market for the Company’s products and services, factors uncer
Slide 3: A Shift In Aviation Driven By 5G Demand
A Shift In Aviation Driven By 5G Demand “As we speak, a massive digital revolution is sweeping across the global airline industry, touching every aspect of an airline’s business, and especially operations. FLYHT has been active in this space for over 20 years, so is better positioned than any compet
Slide 4: Who Is FLYHT
Who Is FLYHT § 20 year aviation solutions provider § 2019 revenue $21 million with EBITDA ~$1 million § $31 million current backlog § 100 airline customers around the globe § Two closely aligned acquisitions completed during the pandemic § Pandemic drove need for change
Slide 5: FLYHT Has The Right Tools To Meet Industry Needs
FLYHT Has The Right Tools To Meet Industry Needs § The 2019 business is still there, just stalled by COVID § Massive opportunities coming from change - Communications - Environmental pressures - Covid pressures § Regulatory changes for 5G roll out huge opportunity § Strong relationships in China on
Slide 6: FLYHT Is Set Up For Significant Growth
FLYHT Is Set Up For Significant Growth § Just closed largest order in history, >$7 million @ 86% margin § Sales pipeline of more than 15 opportunities of this magnitude § Strong financial position to deliver the organic plans § 2022 revenue estimated at ~$24 million § Existing revenue 45% SaaS @ 65%
Slide 7: Edge Drives The Future
Edge Drives The Future § Major carriers looking for solutions to 2G, 3G, 4G obsolescence (This is a Mandatory Change) § 2G/3G being discontinued now and 4G soon after § Edge retrofit market in the 25k unit range because of 5G demand § Edge can run all FLYHT software plus many third-party application
Slide 8: Conclusions
Conclusions § Large aviation related market driven by regulatory changes § Known accepted provider in aviation § Team built during the pandemic, ready to participate in the recovery § Undervalued stock § 2019 revenue $21 million, price $1.80 § 2022 revenue projected to exceed $21 million, price $0.7
Slide 9: Why We Are Going To Win
Why We Are Going To Win § Opens us up to SITA’s 18,000 aircraft customer base § AWS has very large marketing presence and we have AWS Certified solutions § We have 100% referenceable AFIRS customers § Edge is “first to market” to meet regulatory change requirements § Weather is growth market in ESG
Slide 10: FLYHT's Operating Model
FLYHT’s Operating Model Globally Diversified Business Recurring Revenue and SaaS 20211 20222 North America 57% 50% SaaS 53% 80% Hardware 30% Recurring Europe 3% 30% SaaS Licensing 14% Technical 3% Services Rest of World 40% 20% 65% SaaS Gross Margins 1. Percent of LTM revenue 2. With CrossConsense
Slide 11: Industry Needs More Action
Industry Needs More Action “I am removing delay codes which have “I don’t want another report, dashboard, email … existed forever because the ‘somebody gets We need to change the actions to prevent the blamed’ culture does nothing to focus on cost, not find out about it later.” doing the right thing
Slide 12: Matt Chesler, IR Kent Jacobs, President 403.444.7710 Alana Forbes, CFO
Matt Chesler, IR 646.809.2183 mchesler@flyht.com Kent Jacobs, President 403.444.7710 kjacobs@flyht.com Alana Forbes, CFO 403.291.7437 aforbes@flyht.com
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