Astronics Corporation · NASDAQ:ATRO

Astronics — Merger or Acquisition (May 2013)

7 slides from Astronics's merger presentation, May 29, 2013

  1. Slide 1: PECO Acquisition: Expanding Addressable Content

    PECO ACQUISITION EXPANDING ADDRESSABLE CONTENT May 29, 2013 PETER J. GUNDERMANN DAVID C. BURNEY PRESIDENT & CEO EXECUTIVE VP & CFO © 2013 by Astronics Corporation NASDAQ: ATRO

  2. Slide 2: Safe Harbor Statement

    SAFE HARBOR STATEMENT These slides (and the accompanying oral discussion) contain “forward- looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause the actual res

  3. Slide 3: PECO Inc. Deal Summary

    PECO INC. Leader in the design and manufacture of highly engineered commercial aerospace interior components and systems Deal Summary:  Signed definitive agreement to acquire on May 28, 2013; expected to close by end of June 2013  $136 million purchase of all outstanding stock  Expect to fund wit

  4. Slide 4: PECO Inc.

    PECO INC. Leader in the design and manufacture of highly engineered commercial aerospace interior components and systems  Headquartered in Portland, OR  Aerospace: ~90% of revenue  ~75% is cabin interior products: mostly Passenger Service Units – Incorporates air handling, emergency oxygen, elect

  5. Slide 5: Strategic Fit

    STRATEGIC FIT  Fits Astronics’ growth strategy: expands addressable content within commercial aircraft  Furthers Astronics’ technology strategy: critical equipment for the aerospace industry  Unique capabilities for manufacturing product (fuel doors)  Preferred product design (PSUs) by Major OEM

  6. Slide 6: PECO Customer Landscape

    PECO CUSTOMER LANDSCAPE  Majority of sales directed to Boeing:  Over 50% of 2013E sales  Strong presence on 737 (NG & Sky), 777, 787  Competition: Competitive market is small with direct and indirect competition from a small group of companies including B/E Aerospace, Zodiac, United Technologies

  7. Slide 7: PECO Growth Strategy

    PECO GROWTH STRATEGY  Long-term growth driven primarily by:  Underlying commercial aerospace platform build rates • Driven by increasing age of the global commercial aerospace fleet  LTAs for the respective platforms • Continued enhancements in retrofit technology  Continued expansion of proprie

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