Butler National Corporation · OTC:BUKS
Butler National — Shareholder Meeting (September 2022)
29 slides from Butler National's shareholder meeting presentation, Sep 27, 2022
Slide 1: Annual Meeting of Shareholders
Butler National Corporation Annual Meeting of Shareholders Tuesday - September 27, 2022 10:00 AM — Milburn Country Club — Overland Park, KS
Slide 2: Agenda
Agenda Fiscal Year 2022 Annual Meeting of Shareholders py DECLARATION OF A QUORUM ms CALL TO ORDER ma BUSINESS MEETING | ADJOURN ais MANAGEMENT PRESENTATION @ September 27, 2022 © Butler National Corporation
Slide 3: Annual Meeting of Shareholders: Business Items
Securities @nd Exchi Annual Meeting of Shareholders - Nase ian *Elect Three Directors for Three (3) Year Terms Bradley K. Hoffman Craig D. Stewart John M. Edgar Ratify Selection of Auditors for Fiscal Year 2023 RBSM, LLP Advisory Vote on Compensation of Named Executives
Slide 4: 10:00 AM - Milburn Country Club - Overland Park, KS
10:00 AM - Milburn Country Club -— Overland Park, KS
Slide 5: Agenda
Agenda Fiscal Year 2022 Annual Meeting of Shareholders = COMPLETED ITEMS 1 THROUGH 3 ADJOURN BUSINESS MEETING = MANAGEMENT PRESENTATION September 27, 2022 © Butler National Corporation
Slide 6: Cautionary Statement
SEC Form 8-K filed Today, Sept 27, 2022 Seon Butler National Corporation Cautionary Statement -_ 4 ¢« 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
Slide 7: Our Locations
Our Locations Corporate — Avionics/Defense — Aircraft Modifications OLATHE, KANSAS TEMPE, ARIZONA NEWTON, KANSAS Our corporate headquarters are located in a 9,000 square foot owned facility for office and storage space at 19920 West 161* Street, in Olathe, Kansas. 2 Butler National Corporation has a
Slide 8: Butler Avionics Facility
and Butler Avionics, Inc. is located at 1 Aero Plaza, New Century, Kansas ina 34,300 square foot leased facility of hangar and office space at the New Century Airport (former Olathe Naval Air Station). @y) September 27, 2022 © 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
Avcon offers provisions for up to 7 sensors, and our pod is designed to suit Most ISR Sensors. All the sensors inside the pod are attached to an STC approved Rail Payload Attach- ment that can be customized with mounting provisions for each specific piece or type of equipment (SIGINT antennae, Radar
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Slide 13: Learjet
LEARJET
Slide 14: Butler Avionics
b> BUTLER AVIONICSBS Lear 24, 25, 28; Sitm35, 36, 55 - Cessna =e moh : 421
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Slide 16: Firesides
FIRESIDES @) September 27, 2022 © Butler National Corporation
Slide 17: Fiscal 2021 Performance
SEC Form 8-K filed Today, Sept 27, 2022 Fiscal 2021 Performance ¢ FY2022 Earnings Per Share of $0.14 ¢ Comparative information for fiscal years ending April 30: (Dollars in thousands) 2022 2021 Total Revenue S| 73,473 |S] 61,480 Net Income (loss) 10,368 1,433 Cash 12,487 22,022 Assets 100,809 101,92
Slide 18: Certain Economic Drivers for Business Segments
SEC Form 8-K filed Today, Sept 27, 2022 Certain Economic Drivers for Business Segments ¢ 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 Grain and Cattle price
Slide 19: Outlook for the future by business segment
SEC Form 8-K filed Today, Sept 27, 2022 Outlook for the future by business segment ¢ Services — BHCMC (BHCR) and other — Team members have ownership attitude — Marketing focus on tourism/patronage — Marketing approach is resulting in actual revenue and profit growth — Facility contract is now throug
Slide 20: BHCMC is now wholly owned by BNC
SEC Form 8-K filed Today, Sept 27, 2022 BHCMC is now wholly owned by BNC ¢ Extension/renewal of the facility management contract is completed and approved by the State of Kansas (2039) ¢ BHCMC purchased the casino land and building for $41.25 million on December 22, 2020. * In October 2021, BNSC pur
Slide 21: Sports Wagering went LIVE on Sept. 1, 2022
Sports Wagering went LIVE on Sept. 1, 2022 Per Feedback from Platforms “Better than Expected’ DRAFTKINGS SPORTSBOOK Golden Nugget Online Gaming and Bally's 1S LIVE, Corp Platforms in Future KANSAS! Significant Start Up Costs / Player Acquisition @y) September 27, 2022 © Butler National Corporation
Slide 22: Boot Hill Casino Retail
Boot Hill Casino Retail Sports Book: Dodge City, Kansas Temporary Facility Open: Soon Renovations: Started Sept. 15, 2022 Grand Opening: Early 2023 @y) September 27, 2022 © Butler National Corporation
Slide 23: Key Economic Drivers for Business Segments
SEC Form 8-K filed Today, Sept 27, 2022 Key Economic Drivers for Business Segments ¢« Aerospace — Avcon — BAI — Tempe — Global Government Interests — Gas and Oil prices worldwide — Special Mission — Worldwide stability — Refreshment of current aircraft fleets — Regulatory/Air Traffic Control Mandate
Slide 24: Outlook for the future by business segment
SEC Form 8-K filed Today, Sept 27, 2022 Outlook for the future by business segment ¢« Aerospace — Avcon — BAI — Tempe — Backlogs are strong through spring 2023 — Refreshment of Learjet 30 and 60 series is happening for Special Mission fleets — Worldwide market is asking for more ISR surveillance and
Slide 25: Avcon King Air Model B300 Special Mission Power
Avcon King Air Model B300 Special Mission Power FAA STC Approved SA11298DS Increases Available Power from 300 Amp to 400 Amp Only Aftermarket Starter Generator with 400 Amps for King Air B300 September 27, 2022 © Butler National Corporation
Slide 26: Learjet Model Hard Points
¢ Learjet Model 60 Hard Points « FAASTC Approval ST01984WI ¢ New Special Mission Jet Platform @y) September 27, 2022 © Butler National Corporation
Slide 27: 2016 Equity Incentive Plan
SEC Form 8-K filed Today, Sept 27, 2022 Seon a — 2016 Equity Incentive Plan -_ 4 ¢ 2016 Equity Incentive Plan, 12.5 million shares authorized 7.9 million issued — No immediate plan to issue remaining shares ¢ Board of Directors (BOD) believes that BNC should have retention program for all levels of
Slide 28: Incentive 401(k) Match with BUKS stock
SEC Form 8-K filed Today, Sept 27, 2022 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 29: September 27, 2022 © Butler National Corporation
September 27, 2022 © Butler National Corporation
Butler National — Shareholder Meeting (September 2022) on 6ix