Astronics Corporation · NASDAQ:ATRO

Astronics — 13th Annual Gabelli Aircraft Supplier Conference 2007

24 slides from Astronics's conference presentation, Aug 29, 2007

1. Slide 1: 13th Annual Gabelli Aircraft Supplier Conference

   13th Annual Gabelli Aircraft Supplier Conference Peter Gundermann, President & CEO David Burney, CFO Copyright Astronics Corporation ©2007 September 6 – 7, 2007

2. Slide 2: Safe Harbor Statement

   Safe Harbor Statement These slides contain (and the accompanying oral discussion will 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 th

3. Slide 3: Astronics Corporation

   Astronics Corporation Astronics designs and manufactures electrical generation, control and distribution systems and high performance lighting systems for the global aerospace industry. Copyright Astronics Corporation ©2007

4. Slide 4: Astronics Corporation

   Astronics Corporation ƒ NASDAQ: ATRO ƒ Market capitalization (8/29/07) $243.0 million ƒ Total shares outstanding ƒ Common 6.7 million ƒ Class B 1.4 million ƒ 52-week range $37.44 – $14.06 ƒ Recent price (8/29/07) $30.13 ƒ Avg. daily trading volume (3 mos.) 42,227 ƒ Ownership ƒ Institutional 43% ƒ In

5. Slide 5: High Content on Leading Platforms

   High Content on Leading Platforms F-35 Embraer Joint Strike Fighter Phenom 100 Wide range V-22 Osprey of high Eclipse 500 profile, next generation Tactical Tomahawk aircraft Airbus A380 platforms In-Seat Power for Cessna Mustang Airline Passengers Expanded content value: Traditional $10,000 - conten

6. Slide 6: Sales By Product and Market

   Sales By Product and Market Cabin Lighting = 6% Cabin Electronics = 51% Exterior Lighting = 5% Commercial Transport = 64% Cockpit Lighting = 24% Airframe Power = 14% Q2 2007 Business Jet Military = 17% = 19% TTM Sales: $140.9 million Copyright Astronics Corporation ©2007

7. Slide 7: Products

   Products Copyright Astronics Corporation ©2007

8. Slide 8: Cabin Electronics

   Cabin Electronics Cabin Power and In-Flight Entertainment Leading provider of in-seat cabin power EmPower ® DC EmPower® AC EmPower® Fusion Integration of in-seat power for in-flight entertainment (IFE) systems and personal electronic devices (PEDs) Direct sales to airlines, airframe manufacturers an

9. Slide 9: Airframe Power and Control

   Airframe Power and Control Integrated line of primary power generation, intelligent power distribution and secondary power supplies capable of outfitting an entire aircraft Products sold to aircraft and Copyright Astronics Corporation ©2007 engine manufacturers.

10. Slide 10: Cabin Lighting Systems

    Cabin Lighting Systems Lighting systems: Emergency egress lighting systems Reading lights Passenger signage General area lighting systems Direct sales to commercial airlines and aircraft manufacturers. Copyright Astronics Corporation ©2007

11. Slide 11: Cockpit Lighting Systems

    Cockpit Lighting Systems Complete supply of components and subsystems: Integrally illuminated display panels and assemblies Flood lights, map lights Ambient light sensors Power supplies Dimmer units Avionics keyboards Direct sales to aircraft manufacturers and Provide complete avionics suppliers. co

12. Slide 12: Exterior Lighting Systems

    Exterior Lighting Systems Developed breakthrough HID and LED technology for Joint Strike Fighter Leveraged technology for business jet systems: Content on Cessna, Eclipse, Hawker Beech and Embraer Aircraft Direct sales to airframe manufacturers. Copyright Astronics Corporation ©2007

13. Slide 13: Business Jet Content per Platform

    Business Jet Content per Platform Cessna Embraer Mustang Phenom 100 Exterior and Exterior and cockpit lighting flood lighting, cockpit lighting controllers Eclipse Piaggio 500 Avanti II Exterior and Integrated cockpit cockpit lighting, panel assemblies electronic and lighting distribution controller

14. Slide 14: Military Programs

    Military Programs ƒ F-35 Joint Strike Fighter/Attack Aircraft ƒ First award for comprehensive exterior lighting system ƒ High reliability LED and HID technology ƒ V-22 Osprey Tilt-Rotor Aircraft ƒ Content: cockpit panels, emergency egress systems, avionics keyboards, exterior formation lights, fire

15. Slide 15: Financial Highlights

    Financial Highlights Copyright Astronics Corporation ©2007

16. Slide 16: Record Sales

    Record Sales ($ in millions) Annual Sales Second Quarter Sales Trend $150 - $155 $140.9 $41.4 $110.8 $28.8 $74.4 + 49% + 44% $34.7 2004 2005 2006 Q2 2007 2007 Q2 2006 Q2 2007 TTM Est. Copyright Astronics Corporation ©2007

17. Slide 17: Record Profitability

    Record Profitability ($ in millions) Second Quarter Net Income (Loss) Net Income Trend $11.7 $4.5 $5.7 + 131% $2.0 + 125% $2.2 ($0.7) Q2 2006 Q2 2007 2004 2005 2006 Q2 2007 TTM Copyright Astronics Corporation ©2007

18. Slide 18: Growing Earnings per Share

    Growing Earnings per Share Diluted EPS (Loss) Quarterly Diluted EPS Trend $0.56 $0.53 $1.38 $0.69 $0.24 $0.20 $0.28 $0.10 ($0.09) Q2 Q3 Q4 Q1 Q2 2006 2006 2006 2007 2007 2004 2005 2006 Q2 2007 TTM Copyright Astronics Corporation ©2007

19. Slide 19: Strong Balance Sheet Position

    Strong Balance Sheet Position ($ in millions) $31.3 $14.4 million low interest industrial $18.4 revenue bonds $18.2 $12.1 $25 million line of $41.7 credit* with $31.3 $25.4 $15.3 million $22.7 outstanding as of 6/30/07 2004 2005 2006 Q2 2007 Shareholders Equity Funded Debt * Bank prime minus .25 to

20. Slide 20: Outlook

    Outlook Copyright Astronics Corporation ©2007

21. Slide 21: Positive Outlook

    Positive Outlook Backlog Trend Book to Bill Ratio ($ in millions) $99.5 $96.1 $94.3 1.30 1.24 1.03 0.94 0.94 $27.2 2004 2005 2006 Q1 2007 Q2 2007 2004 2005 2006 Q2 2007 Copyright Astronics Corporation ©2007

22. Slide 22: Competitive Advantages

    Competitive Advantages RESOURCES LONG-TERM PERSPECTIVE EXPANDED PRODUCT LINE CALCULATED RISK TAKERS EXPERIENCED AND PROGRESSIVE MANAGEMENT Copyright Astronics Corporation ©2007

23. Slide 23: Focus on the Future

    Focus on the Future OUTLOOK: $150 - $155 MILLION IN FY2007 ESTIMATED REVENUE PRODUCTION EFFICIENCES SALES PROSPECTS STRONG HIGHER CONTENT PER AIRCRAFT E&D INVESTMENT STRATEGY Copyright Astronics Corporation ©2007

24. Slide 24: 13th Annual Gabelli Aircraft Supplier Conference

    13th Annual Gabelli Aircraft Supplier Conference Peter Gundermann, President & CEO David Burney, CFO Copyright Astronics Corporation ©2007 September 6 – 7, 2007

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