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Jefferies 2017 Industrials Conference – August 8, 2017

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Jefferies 2017 Industrials Conference – August 8, 2017 Jefferies 2017 Industrials Conference – August 8, 2017 About HEICO HEICO Corporation is a rapidly growing aviation, aerospace and electronics company which is focused on niche markets, where we develop highly engineered and reliable products and solutions for complex industry applications. Founded in 1957, HEICO has been in business over 60 years with the current management involved since 1990 NYSE listed (HEI, HEI.A) Since 1990, an investment in HEICO stock has produced a Compounded Annual Growth Rate of 22% for our investors ~ 5,000 Team Members in 67 facilities within the United States (20 states) and 13 other countries throughout North America, Europe, the Middle East, and Asia Our Board of Directors, Management, and Team Members own ~ 22% of HEICO outstanding Common Stock Ranked by Forbes: Forbes List of The 100 Most Trustworthy Companies In America – Transparency of Accounting/Governance Best Small Companies – Five years in the top 100 Forbes World’s Most Innovative Growth Companies 2 We Continue To Expand Our Products & Services Consistent Growth through Organic Expansion of Products and Services, Increased Revenue Generation from our Existing Customers and a Disciplined Acquisition Policy. Focus on long term sustainable growth Facilitate entrepreneurial spirit Maintain a flat organizational structure with a focus on customer needs Diversification in our products, services and customers avoiding concentration risks Products and services within protected markets (barriers to entry) Maintain a strong balance sheet with maximum flexibility 1990 Compounded Yearly Growth: 16% 2016 Organic: ~60% Acquisition: ~40% Approximately 64 Acquisitions since 1990 3 Historical Financial Returns Revenues have increased from $26 million in 1990 to a record $1.4 billion in 2016 (Represents a CAGR of 16%) Net Income has increased from $2 million in 1990 to a record $156.2 million in 2016 (Represents a CAGR of 18%) Operating Income has increased from $2 million in 1990 to a record $265.3 million in 2016 (Represents a CAGR of 21%) Maintained a strong balance sheet with low debt and a $1.0 billion unsecured revolving credit facility $100,000 investment in HEICO shares in 1990 became worth approximately $22.5 million as of August 3, 2017 (adjusted for stock splits, stock dividends and reinvestment of cash dividends) (Represents a CAGR of 22%) 4 YTD 2nd Quarter Ended April 30, Financial Highlights ($ In Millions, except per share data) YTD Q2 ‘17 YTD Q2 ‘16 Revenue $712.1 $656.9 + 8% Operating Income $141.1 $119.4 + 18% Operating Income Margin 19.8% 18.2% Net Income $86.6 $69.9 + 24% Net Income Per Diluted Share $1.00 $.82 +22% Cash Flow From Operations $97.7 $102.7 Capital Expenditures $13.5 $15.5 Total Assets $2,177.1 $2,017.1 Total Debt, Net of Cash $424.1 $526.1 Total Shareholders’ Equity $1,138.5 $978.4 5 HEICO’s Near-Term Growth Outlook Full Year Fiscal 2017 Guidance – (Increased on 5/23/17): Growth in Net Sales ~ 8% - 10% Over FY’16 Growth in Net Income ~ 12% - 14% Over FY’16 Operating Income Margins ~ 20.0% Depreciation and Amortization ~ $65 million Cash Flow From Operations ~ $270 million (Trends Between ~ 140%-160% Of Net Income) Capital Expenditures ~ $35 million 6 Defense Flight Support Commercial Flight Support 27% Group Aviation Electronic Group Electronic $902.7M Technologies ~56% Technologies 53% (62%) Group Group $541.9M ~44% Space 7% (38%) Other 13% Note: Based on Twelve Months Ended 4/30/17 7 Flight Support Group (FSG) Designs, Manufactures, Repairs, Overhauls and Distributes Jet Engine and Aircraft Component Replacement Parts. PMA Management Programs HEICO Manufacturing Corporation Component MRO DER Repair Flight Support Asset & Repair Management Distribution Parts Repair Specialty Distribution Group Group Products Group 8 FSG - Parts Group HEICO Repair Group is the largest independent component MRO and Asset Management Services provider in the world. Our success is a result of our teams ability to fully understand our customers’ requirements, delivering the optimal solution for their needs. HEICO Repair Group is recognized globally as a premier provider of component MRO services to the aerospace market. HEICO Parts Group is the largest independent provider of commercial, FAA-approved aircraft and engine replacement parts in the world. Flight Support Holding over 10,000 FAA approvals on parts for: . Nearly every aircraft and engine platform . Every area of aircraft and engine Producing between 300-500 new, highly engineered parts each year: Technical Parts Engines & Accessories . PMA Management Services Group . PMA Kitting . In-house Manufacturing Hardware & Research & Development Manufacturing Accessories Advanced Technical Library Avionics & Defense Power Systems Cutting-edge Equipment to Re-Engineer, Design and Test In-house 9 FSG - Repair Group Flight Support Repair Group Accessories HEICO Repair Group is one of the largest independent component MRO and Asset Management Services providers in the world. Our success is a result of our team’s ability to fully understand our customers’ requirements, delivering the optimal solutions for their needs. Avionics Core Component Capabilities: Avionics & Instruments Power Generation Structures Electronics Electrical Harnesses & Rewinds Fuel Flight Structures Wheels & Electro-Mechanical Wheels & Brakes Brakes Hydraulics Manufacturing Asset Defense Pneumatics Management 10 FSG - Manufacturing Advanced Manufacturing Techniques Flight Support Special Processes Modern and Efficient Equipment Efficient Production Processes Parts Repair Specialty Group Group Products Competitive Labor Costs Manufacturing Manufacturing Manufacturing 11 FSG - Distribution blue aerospace Forefront of technical sales and the distribution of aerospace Flight Support components Strategic partnerships with many of the most respected OEMs in the aviation industry Product portfolio associated with both airframe and engine Distribution applications across all ATA Chapters: Structural, Mechanical, Group Electro-Mechanical; Electrical Interconnected Products; Domestic and Foreign Defense Headquartered in USA.; warehouses in USA, UK, France, Germany, Spain, China, Singapore, UAE and Hong Kong 12 HEICO’s Extensive PMA Parts (10,000+) and DERs (1,000+) Supporting Broad Customer Needs in the Aviation Industry Wing Cockpit/Avionics • Flight Controls • INUs, IRUs • Actuation Systems • Display Units • Guides Components • DGAs • Electro-Mechanical • Instruments • Hydraulic Pumps • Autopilots • ACMs, CSD/IDG • Radomes • Batteries • Nose Cowls • APUs • Battery Packs • Cockpit Paper • Pitot, Air & Engine Temperature Sensors Fuselage/Interiors Landing Gear • In Flight Entertainment • Wheels and Brakes • Lavatories • Landing Gear • Seat Parts • Tray Tables Engines • Combustion Chambers • Fuel Pumps • Galleys • CFM56 • Blades & Vanes • Nozzles • Overhead Bins • CF6 • Fan Exit Guide Vanes • Gears • CF34 • Shrouds (single crystal & equiax) • Shafts • PW2000 • Thrust Reversers • Bearings • PW4000 • Acoustic Panels • Starters • V2500 • Pneumatic/Bleed/Anti Ice Valves • Rings & • JT8D • Heat Shields Spacers • JT9D • Insulation Blankets • Expendables • LM2500/5000/6000 13 FSG - A Global Network of Customers We server 20 of the world’s largest Airlines and Over 200 Customers worldwide 14 Electronic Technologies Group (ETG) Designs and Manufactures Electronic, Microwave and Electro-Optical Equipment, High-Speed Interface Products, High Voltage Interconnection Devices and High Voltage Advanced Power Electronics. Niche High Tech Solutions Commercial & Military Aircraft Electronics and Fuel Systems HEICO Space Flight Hardware Corporation Satellite Components Infrared Missile Simulation Electronic Technologies X-Ray Power Technology Laser System Components Data & Microwave Technology Electro- Microwave Electrical Optical Group Group Group 15 ETG - Strategy UsedUsed in severalin several platformsUsedplatforms in severaland and industriesplatformsindustries and industries Niche Products at Subcomponent Level Found on Multiple Platforms in Multiple Industries: Aerospace & Defense, Homeland Security, Space, Medical and Other Markets Avoid High Exposure to Large Programs Product Originally “Designed-in” on Customer’s Use Retained Position and Expanded on Revised and New Customer Use All Highly Engineered, High Customer Service & High Reliability Products Typically Low Production Run Environment Ignored by the Marketplace 16 ETG - Products Electro-Optical Data & Microwave Electrical IR Blackbodies High Speed+ Bandwidth Aircraft Emergency IR Test Equipment Digital Camera Backup Power IR Dynamic Scene Interfaces Supplies Generators Microwave Bias-Tees, Aircraft/Marine Laser Diode Drivers Couplers, Latching Underwater Acoustic Laser Power Supplies Ferrite Switches, Filters, Locating Beacons Laser Rangefinder Equalizers, Isolators, Electro-Magnetic & Receivers Multiplexers and Pin- Radio Frequency Photo Detector Amplifiers Diode Switches Interference Shielding Pockells Cells Ultra-High Speed i/o and Filters Pulse Stretchers Interfaces High Voltage Radiometers High-Power Microwave Interconnects Amplifiers Power Regulators Radar Transmitters Power Supplies RF Tuners, RF Digitizers Power Generators Microwave Tuners Power Converters Microwave Digital Aircraft Fuel Systems Receivers 17 HEICO Programs & Aircraft Aircraft (Commercial and Military): . Airbus A320 series, A330, A340, A380 . Boeing 737NG, 747, 757, 767, 777, 787 . B-52, E3 Sentry, P-8 . Bombardier
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