Slide 1: Company Presentation
Company Presentation May 15, 2025 ***Founded March 31, 1954***
Slide 2: Forward Looking Disclaimer
Forward Looking Disclaimer This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events or our future financial or operatin
Slide 3: Our Business
Our Business Park Aerospace Corp. develops and manufactures Solution and Hot-Melt Advanced Composite Materials used to produce composite structures for global aerospace markets: Wide array of prepreg materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing
Slide 4: Our Business (Continued)
Our Business (Continued) Park Aerospace also offers: Specialty Ablative materials for Rocket Motors and Nozzles Specially designed materials for Radome Applications (including RadarWave® materials) As a complement to our Advanced Composite Materials offering, Park Aerospace designs and fabri
Slide 5: Our History
Our History Park founded on March 31, 1954 by Jerry Shore and Tony Chiesa under the name Park Nameplate, Inc. with $40 Thousand Investment Original business was nameplate and decorative trim Company started in a 2,500 square feet “factory” (garage?) in Woodside, Queens with 5 employees Park’s
Slide 6: Our History (Continued)
Our History (Continued) November 17, 1960 Park changes name to Park Electrochemical Corp. and goes Public 1961 Park acquires New England Laminates Company (“Nelco”) in Stamford, CT for ~$200 Thousand 1962 Park develops Multilayer Printed Circuit Boards for Lockheed Sunnyvale for ICMBs 1969 Park goes
Slide 7: Our History (Continued)
Our History (Continued) 1985 Park commences regular Quarterly Cash Dividend Jan 2007 Park commits to Aerospace as second major area of business focus Jan 17, 2008 Ground-breaking of Park’s New 54,000 square feet Aerospace Composite Materials Facility in an empty field in Newton, KS August 2009 Park
Slide 8: Our History (Continued)
Our History (Continued) December 2018 Park announces Major 90,000 square feet Expansion of Newton, KS Facility December 2018 Park sells its Electronics Business to AGC Inc. of Tokyo, Japan December 2018 Park’s transformation from an Electronics Company into an Aerospace Company is complete July 17,
Slide 9: Major Expansion of Newton, KS Facilities
Major Expansion of Newton, KS Facilities December 2018…Park announces Major 90,000 square feet Expansion of Newton, KS Manufacturing and Development Facilities Redundant Plant for GE Aerospace, MRAS and their Aircraft OEM Customers Plant is also needed for Manufacturing Capacity Expansion do
Slide 10: FY2025 Q4 Top Five Customers
FY2025 Q4 Top Five Customers (in Alphabetical Order) Aerojet Rocketdyne Kratos Defense and Security Solutions Middle River Aerostructure Systems (MRAS) and its subcontractors Tex Tech Industries Airbus A321LR Commercial Aircraft The Nordam Group Bombardier Global 7500 Business Jet Lockheed Martin PA
Slide 11: Aerospace Market Segment
Park’s Estimated Revenues by Aerospace Market Segment FY2021 FY2022 FY2025 FY2021 Revenues: FY2022 Revenues: $46.3 Million $53.6 Million FY2023 FY2024 FY2025 Revenues: $62.0 Million FY2023 Revenues: $54.1 Million FY2024 Revenues: $56.0 Million 052725 Slide 11
Slide 12: Park Loves "Niche" Military Aerospace Programs
Park Loves “Niche” Military Aerospace Programs Park’s Estimated FY2025 Military Revenues by Market Segment Mk21A Integrated Estimated FY2025 Military Revenues: Reentry Vehicle for European Space Agency $26.1 Million Sentinel System Warhead Vega-Consolidation Launcher Halcon SkyNight Northrop Grumman
Slide 13: GE Aerospace Jet Engine Programs
GE Aerospace Jet Engine Programs Firm Pricing LTA (Requirements Contract) from 2019 through 2029 with Middle River Aerostructure Systems (MRAS), a subsidiary of ST Engineering Aerospace (STE) Redundant Factory…Factory is in production! Sole Source for Composite Materials for Engine Nacelles an
Slide 14: GE Aerospace Jet Engine Programs (Continued)
GE Aerospace Jet Engine Programs (Continued) Park Composite Materials are also Sole Source on primary structure component for Passport 20 Engines for Bombardier Global 7500/8000 Fan Case Containment Wrap for GE9X Engines for Boeing 777X Aircraft Produced with Park’s “AFP” and other Composite M
Slide 15: Update on GE Aerospace Jet Engine Programs
Update on GE Aerospace Jet Engine Programs A320neo Aircraft Family (includes A319neo, A320neo, A321neo, A321LR and A321XLR Aircraft Variants) Airbus has a huge backlog of A320neo Aircraft Family firm orders of 7,256 Airplanes as of March 31, 2025 (Source: First Quarter 2025 edition of Aero Engin
Slide 16: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Approved Engines for the A320neo Aircraft Family • The A320neo Aircraft Family offers two approved engine options, namely the CFM LEAP-1A engine and the Pratt PW1100G (GTF) engine • Park supplies into the A320neo Family Aircraft using the CFM
Slide 17: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Airbus A321XLR Aircraft Variant • The A321XLR is off to the races • “The A321XLR is changing to air map of the world” (CNN, February 13, 2025) • And Boeing has no response...and none planned Airbus A321XLR with LEAP-1A Engines 052725 Slide 17
Slide 18: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Comac C919 with CFM LEAP-1C Engines Comac is targeting 30 C919 Aircraft deliveries in 2025 Comac plans to achieve a production rate of 150 C919 Aircraft per year by 2028 Comac reported to have over 1,000 orders for the C919 Aircraft Co
Slide 19: Update on GE Aerospace Jet Engine Programs (Continued)
Update on GE Aerospace Jet Engine Programs (Continued) Comac C909 (formerly the ARJ21) with GE CF34-10A Engines C909 Aircraft delivered to Lao Airlines and Vietjet Boeing 777X Aircraft with GE9X Engines B777X test flight certification program Comac C909 with GE CF34-10A Engines reportedly pr
Slide 20: GE Aerospace Jet Engine Programs Sales History and Forecast Estimates
GE Aerospace Jet Engine Programs Sales History and Forecast Estimates GE Aerospace Programs sales history: FY2020: $28.9 Million FY2025 Q1: $5.0 Million FY2021: $13.2 Million FY2025 Q2: $7.1 Million FY2022: $26.5 Million FY2025 Q3: $6.8 Million FY2023: $22.3 Million FY2025 Q4: $5.8
Slide 21: Historical Fiscal Year Results
Historical Fiscal Year Results* FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024*** FY2025 Sales $31,837 $40,230 $51,116 $60,014 $46,276 $53,578 $54,055 $56,004 $62,026 Gross Profit $8,299 $11,288 $16,184 $18,673 $13,191 $17,917 $16,473 $16,534 $17,642 Gross Margin 26.7% 28.1% 31.7% 31.1% 28.
Slide 22: General Park Updates
General Park Updates New Agreement with ArianeGroup Remember that Park entered into a Business Partner Agreement with ArianeGroup in January 2022 under which Ariane appointed Park as its exclusive North American distributor of Ariane’s RAYCARB C2®B fabric used to produce ablative composite mater
Slide 23: General Park Updates (Continued)
General Park Updates (Continued) Park’s Lightning Strike Protection materials were certified on the GE Aerospace Passport 20 Engine used on the Bombardier Global 7500/8000 large business jet…revenues of approximately $500 Thousand per year expected for our LSP materials on this program Park’s ab
Slide 24: General Park Updates (Continued)
General Park Updates (Continued) Park recently entered into a new LTA with GE Aerospace for CYs 2025 through 2030 Revenue from the LTA expected to ramp to approximately $5.0 Million per year Park is in discussions with two Asian industrial conglomerates relating to Asian manufacturing joint ve
Slide 25: New Park Emphasis on Military/Defense Markets
New Park Emphasis on Military/Defense Markets New Park emphasis on Military/Defense Markets and Programs Why this new emphasis? • How many new commercial aircraft programs are in the works? The Boeing 777X The Comac C929 And? • Significant opportunities for Park in the Military/Defense Mar
Slide 26: Major New Expansion of Park's Manufacturing Facilities
Major New Expansion of Park’s Manufacturing Facilities Park is planning a major new expansion of its manufacturing facilities The planned expansion will include a new manufacturing plant The new manufacturing plant may be located at our Newton, Kansas campus or elsewhere Will it be a challen
Slide 27: Major New Expansion of Park's Manufacturing Facilities (Continued)
Major New Expansion of Park’s Manufacturing Facilities (Continued) Preliminary estimated capital budget for the new manufacturing plant and equipment: $35 Million +/- $5 Million Why are we doing this? Our new long-term business forecast requires it! • Significant new business opportunities f
Slide 28: Major New Expansion of Park's Manufacturing Facilities (Continued)
Major New Expansion of Park’s Manufacturing Facilities (Continued) Others may do these things differently…they may wait until the opportunities are mature and often risk missing out on them as a result…but, as you know, at Park, we are not like the others We are not sharing our new long-term bus
Slide 29: Park's Share Buy-back Authorization and Activity...an Update
Park’s Share Buy-back Authorization and Activity…an Update As announced on May 23, 2022, Park’s Board of Directors authorized Park’s purchase of up to 1,500,000 shares of the Company’s Common Stock on the open market and in privately negotiated transactions Under this authorization, Park has pur
Slide 30: Balance Sheet, Cash and Incredible Cash Dividend History
Park’s Balance Sheet, Cash and Incredible Cash Dividend History Park has zero long term debt! Park reported $68.8 Million in Cash and Marketable Securities as of the end of our FY2025 Q4 Park has paid 40 consecutive years of uninterrupted regular quarterly cash dividends without ever skipping
Slide 31: Financial Outlooks for GE Aerospace Jet Engine Programs...the "Juggernaut"
Financial Outlooks for GE Aerospace Jet Engine Programs…the “Juggernaut” What is the “timing” for the Juggernaut? We are not sure, but the Juggernaut is coming, it can’t be stopped and we better be ready! Airbus A321neo with LEAP-1A Engine 052725 Slide 31
Slide 32: Revenue Outlook...the "Juggernaut"
GE Aerospace Jet Engine Programs Revenue Outlook…the “Juggernaut” Engine Units per Year Revenue per Engine Annual Revenues per Program Assumptions¹ Unit Estimates² Program Estimates 4 A320neo³ 1080 $30,500 $32,940K 5 PP20 90 $49,000 $4,410K 6 C919 300 $26,500 $7,950K 7 C909 72 $29,500 $2,125K 8 GE9X
Slide 33: Revenue Outlook...the "Juggernaut" (Continued)
GE Aerospace Jet Engine Programs Revenue Outlook…the “Juggernaut” (Continued) ¹ Except for the engine units per year assumption for the A320neo Aircraft Family, which is addressed in footnote 4 below, the engine units per year assumption estimates are based upon historical data, customer inputs and
Slide 34: High-level Conceptual Financial Outlook (in Millions)
Park Aerospace Corp. High-level Conceptual Financial Outlook (in Millions) Sales EBITDA FY2024 Baseline Year $56.0 $11.0 Estimated GE Programs Incremental Sales¹ $40.3 Estimated Non-GE Programs Incremental Sales² $??? Estimated Revenue Outlook3 $??? Estimated EBITDA contribution from incremental sal
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