Butler National Corporation · OTC:BUKS
Butler National — Shareholder Meeting (October 2019)
27 slides from Butler National's shareholder meeting presentation, Oct 8, 2019
Slide 1: Butler National Corporation Annual Meeting of Shareholders
Butler National Corporation Annual Meeting of Shareholders Tuesday — October 8, 2019 10:00 AM - Milburn Country Club - Overland Park, KS
Slide 2: Agenda
Agenda Fiscal Year 2019 Annual Meeting of Shareholders CALL TO ORDER DECLARATION OF A QUORUM BUSINESS MEETING | RESULTS OF VOTING ADJOURN MANGEMENT DISCUSSION MEETING CLOSES October 8, 2019 © Butler National Corporation
Slide 3: Annual Meeting of Shareholders
Annual Meeting of Shareholders *Elect One Director fora Three (3) Year Term Bradley K. Hoffman — Ratify Selection of Auditors for Fiscal Year 2020 ——<— RBSM, LLP eAdvisory Vote on Compensation of Named Executives
Slide 4: Thank you for your patience
Thank you for your patience October 8, 2019 © Butler National Corporation
Slide 5: Agenda
Agenda Fiscal Year 2019 Annual Meeting of Shareholders = COMPLETED ITEMS 1 THROUGH 3 RESULTS OF VOTING 7 ADJOURN BUSINESS MEETING, iis MANAGEMENT DISCUSSION 2 QUESTIONS? &) October 8, 2019 © Butler National Corporation
Slide 6: Our Offices
Our Offices 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 manufacturin
Slide 7: 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 8: International
INTERNATIONAL Aspects of Market REP OF CHINA S. AFRICA SAUDI ARABIA SPAIN Last 5 years WEDEN UKRAINE UNITED KINGD! (S) -¢ October 8, 2019 © Butler National Corporation ~ ‘
Slide 9: Multi-Mission Pod
MULTI-MISSION POD. ‘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 attached to an STC approved Rail Payload Attach- ment that can be customized with mounting provisions for each specific piece or type of equipment (SI
Slide 10: Aircraft Modifications
Slide 11: Aircraft Modifications
Slide 12: Product Ties for Legacy Aircraft
Product ties PE Rew for Legacy Aircraft Avcon Industries, Inc. — Newton, Kansas _ LEARJET &) October 8, 2019 © Butler National Corporation
Slide 13: Avionics
AVIONICS =— bebe BUTLER Butler Avionics, Inc. AVIONICSIS NEWAND USED PRODUCTS - INSTALLATIONS - SERVICE October 8, 2019 © Butler National Corporation
Slide 14: Apache/Longbow & Blackhawk Helicopters
¢ Apache/Longbow & Blackhawk Helicopters — Gun Control, Testing Equipment, Cabling October 8, 2019 © Butler National Corporation
Slide 15: Fireside
FIRESIDES October 8, 2019 © Butler National Corporation
Slide 16: Butler National Corporation Cautionary Statement
SEC Form 8-K filed Today, Oct 8, 2019 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 be
Slide 17: Key Economic Drivers for Business Segments - Services
SEC Form 8-K filed Today, Oct 8, 2019 Fees ~~ . Certain Economic Drivers for Business Segments - 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 —
Slide 18: Outlook by Business Segment - Services
SEC Form 8-K filed Today, Oct 8, 2019 Fees Outlook for the future by business segment and ¢ 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 over last 2 years — Ne
Slide 19: Key Economic Drivers for Business Segments - Aerospace
SEC Form 8-K filed Today, Oct 8, 2019 a Key Economic Drivers for Business Segments ae 4 ¢ 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 Man
Slide 20: Outlook by Business Segment - Aerospace
SEC Form 8-K filed Today, Oct 8, 2019 Fees Outlook for the future by business segment -_ and « Aerospace — Avcon— BAI — Tempe — Backlogs are strong through spring 2020 — Refreshment of Learjet 30 and 60 series is happening for Special Mission fleets — Regulatory Mandate related to ADS-B (in/out) — W
Slide 21: BHCMC option to purchase Facility Lease
SEC Form 8-K filed Today, Oct 8, 2019 BHCMC option to purchase Facility Lease -_ a= a . ¢ Actions are pending extension/renewal of the management contract with the State of Kansas * Regardless, the closing will depend on many factors, including regional economic conditions in the market area and the
Slide 22: Purchase of the minority interest in BHCMC
SEC Form 8-K filed Today, Oct 8, 2019 Purchase of the minority interest in BHCMC ¢ 1st— Exercise the BHCMC option to buy Facility Lease — Action is waiting to exercise option * 2d _ Negotiate a workable purchase and sale agreement at fair market value for the minority interest — No Action on the opp
Slide 23: Make Gaming a public company
SEC Form 8-K filed Today, Oct 8, 2019 Fes Make Gaming a public company -_ and ¢ The BOD is exploring alternatives for separating the gaming operation of the Company into a separate public company. Although there can be no assurances that this separation will take place, the separation may not take p
Slide 24: 2016 Equity Incentive Plan
SEC Form 8-K filed Today, Oct 8, 2019 2016 Equity Incentive Plan -_ a= a . * 2016 Equity Incentive Plan, 12.5 million shares authorized 2.5 million issued — Plan is to issue remaining 10.0 million ¢ Board of Directors (BOD) believes that BNC should have retention program for all levels of employees
Slide 25: Incentive 401(k) Match with BUKS stock
SEC Form 8-K filed Today, Oct 8, 2019 Fees Incentive 401(k) Match with BUKS stock -_ and ¢ 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 sto
Slide 26: Butler National Corporation
Butler National Corporation
Slide 27: Thank You!
THANK YOU! October 8, 2019 © Butler National Corporation