Butler National Corporation · OTC:BUKS
Butler National — Shareholder Meeting (September 2021)
28 slides from Butler National's shareholder meeting presentation, Sep 28, 2021
Slide 1: Butler National Corporation Annual Meeting of Shareholders
Butler National Corporation Annual Meeting of Shareholders Tuesday ~ September 28, 2021 10:00 AM ~ Milburn Country Club - Overland Park, KS
Slide 2: Agenda
Agenda Fiscal Year 2021 Annual Meeting of Shareholders CALL TO ORDER DECLARATION OF A QUORUM BUSINESS MEETING | RESULTS OF VOTING ADJOURN MANGEMENT DISCUSSION MEETING CLOSES September 28, 2021 © Butler National Corporation
Slide 3: Annual Meeting of Shareholders
Annual Meeting of Shareholders *Elect Two Directors for a Three (3) Year Terms Warren R. Wagoner Clark D. Stewart _ Ratify Selection of Auditors for Fiscal Year 2022 << RBSM, LLP eAdvisory Vote on Compensation of Named Executives
Slide 4: Tuesday - September 28, 2021
Tuesday - September 28, 2021 10:00 AM - Milburn Country Club - Overland Park, KS
Slide 5: Thank you for your patience
Thank you for your patience September 28, 2021 © Butler National Corporation
Slide 6: Agenda
Agenda Fiscal Year 2021 Annual Meeting of Shareholders = COMPLETED ITEMS 1 THROUGH 3 RESULTS OF VOTING 7 ADJOURN BUSINESS MEETING, iis MANAGEMENT DISCUSSION 2 QUESTIONS? &) September 28, 2021 © 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). September 28, 2021 © 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: Avcon ISR Solutions
Sex ‘ con Sw ‘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 attachedto an STC approved Rail Payload Attach-ment that can be customized with mounting provisions for each specific piece or type of equipment (SIGINT ant
Slide 11: Aircraft Modifications - Avcon Industries
Slide 12: Aircraft Modifications - Avcon Industries, Newton, Kansas
Slide 13: Learjet
LEARJET
Slide 14: Butler Avionics Learjet models
. a BUTLER AVIONICSi Lear 24, 25, 28, 3,35, 36,55 ahd
Slide 15: Butler National Corporation, Tempe, Arizona
Slide 16: Firesides
Wy FIRESIDES September 28, 2021 © Butler National Corporation
Slide 17: Butler National Corporation Cautionary Statement
SEC Form 8-K filed Today, Sept 28, 2021 Butler National Corporation Cautionary Statement + 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 often b
Slide 18: Certain Economic Drivers for Business Segments
SEC Form 8-K filed Today, Sept 28, 2021 Certain Economic Drivers for Business Segments on ae a . * 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 — Gr
Slide 19: Fiscal 2021 Performance
SEC Form 8-K filed Today, Sept 28, 2021 Fiscal 2021 Performance + Comparative information for fiscal years ending April 30: @ollars in thousands ) 2021 2020 2019 2018 2017 Total Revenne $|_ 61,480 | s]_ 65.871 | s | 58.710 | s] 48.260 | s| 50.619 ‘Net Income (loss) 1,433 4234 3,853 341 1,534 Cash 22
Slide 20: Outlook for the future by business segment
SEC Form 8-K filed Today, Sept 28, 2021 _aelinnae Outlook for the future by business segment on ue ¢ 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 vi
Slide 21: Key Economic Drivers for Business Segments
SEC Form 8-K filed Today, Sept 28, 2021 Key Economic Drivers for Business Segments on ae a . ¢ Aerospace — Avcon-— BAI — Tempe — Global Government Interests — Gas and Oil prices worldwide — Special Mission — Worldwide stability — Refreshment of current aircraft fleets — Regulatory/Air Traffic Contro
Slide 22: Outlook for the future by business segment
SEC Form 8-K filed Today, Sept 28, 2021 Outlook for the future by business segment on ae a . « Aerospace — Avcon— BAI — Tempe — Backlogs are strong through spring 2022 — Refreshment of Learjet 30 and 60 series is happening for Special Mission fleets — Worldwide market is asking for more ISR surveill
Slide 23: BHCMC option to purchase Facility Lease
SEC Form 8-K filed Today, Sept 28, 2021 BHCMC option to purchase Facility Lease * Extension/renewal of the management contract is completed and approved by the State of Kansas * BHCMC purchased the casino land and building for $41.25 million on December 22, 2020. ¢ Transaction consisted of two bank
Slide 24: Purchase of the minority interest in BHCMC
SEC Form 8-K filed Today, Sept 28, 2021 Purchase of the minority interest in BHCMC on ae a . ¢ 1st- Exercise the BHCMC option to buy Facility Lease — Completed * 2d _ Negotiate a workable purchase and sale agreement at fair market value for the minority interest — In progress * 3'_ There can be no a
Slide 25: 2016 Equity Incentive Plan
SEC Form 8-K filed Today, Sept 28, 2021 2016 Equity Incentive Plan a ae a . * 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 26: Incentive 401(k) Match with BUKS stock
SEC Form 8-K filed Today, Sept 28, 2021 Incentive 401(k) Match with BUKS stock ¢ 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 to limi
Slide 27: Septembe jutler N
Septembe jutler N
Slide 28: Thank You!
THANK YOU! September 28, 2021 © Butler National Corporation
Butler National — Shareholder Meeting (September 2021) on 6ix