FLYHT 2019 July Investor Presentation

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FLYHT 2019 July Investor Presentation July 2019 FLYHT Aerospace Solutions Ltd. TSX.V: FLY OTCQX: FLYLF 1 TSX.V: FLY OTCQX: FLYLF Disclaimer www.flyht.com Forward Looking Statements This discussion includes certain statements that may be deemed “forward-looking statements” that are subject to risks and uncertainty. All statements, other than statements of historical facts included in this discussion, including, without limitation, those regarding the Company’s financial position, business strategy, projected costs, future plans, projected revenues, objectives of management for future operations, the Company’s ability to meet any repayment obligations, the use of non-GAAP financial measures, trends in the airline industry, the global financial outlook, expanding markets, research and development of next generation products and any government assistance in financing such developments, foreign exchange rate outlooks, new revenue streams and sales projections, cost increases as related to marketing, research and development (including AFIRS 228), administration expenses, and litigation matters, may be or include forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on a number of reasonable assumptions regarding the Canadian, U.S., and global economic environments, local and foreign government policies/regulations and actions and assumptions made based upon discussions to date with the Company’s customers and advisers, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward- looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include production rates, timing for product deliveries and installations, Canadian, U.S., and foreign government activities, volatility of the aviation market for the Company’s products and services, factors that result in significant and prolonged disruption of air travel worldwide, U.S. military activity, market prices, foreign exchange rates, continued availability of capital and financing and general economic, market, or business conditions in the aviation industry, worldwide political stability or any effect those may have on our customer base. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. The Company cannot assure investors that actual results will be consistent with any forward-looking statements; accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are current only as of the date of this document. The Company disclaims any intentions or obligation to update or revise any forward-looking statements or comments as a result of any new information, future event or otherwise, unless such disclosure is required by law. 2 TSX.V: FLY OTCQX: FLYLF Capital Market Profile Share Price As of July 22, 2019 (all dollar figures are in Canadian dollars) Share Price $1.66 2 180000 Market Capitalization $34,328,480 1.8 160000 52-week low $0.94 52-week high $1.90 1.6 140000 Average Daily Volume 22,069 1.4 120000 1.2 Share Structure 100000 As of April 17, 2019 1 80000 Shares 21,088,340 0.8 Diluted (assuming all instruments converted / exercised) 24,447,670 60000 0.6 Diluted (assuming only instruments of value converted / 23,084,561 40000 exercised) 0.4 Warrants Outstanding 769,200 0.2 20000 Stock Options Outstanding (weighted avg. exercise price ($2.07) 1,063,865 Insider Holdings (Directors and Officers) 5.2% $ 0 0 Debt (Low-interest, government debt) $2.7 million Convertible Debt (8% coupon) $2 million 20-Jul-18 20-Jul-19 20-Apr-19 20-Jan-19 20-Oct-18 20-Jun-19 20-Sep-18 20-Aug-18 20-Feb-19 20-Mar-19 20-Dec-18 20-Nov-18 20-May-19 3 TSX.V: FLY OTCQX: FLYLF FLYHT: Leading Provider of Data-based services include: Real-Time Aircraft Data • Enhanced global flight tracking • Event triggered flight data recorder (FDR) streaming Streaming Technology • Tw o -way text messages (iPad, MCDU) • Real-time proactive aircraft health monitoring solutions • Fuel management The Automated Flight Information • Real-time weather observations Reporting System (AFIRSTM) • Iridium-based SATCOM device installed on the aircraft • AFIRS connects to numerous aircraft systems • AFIRS software acquires and transmit aircraft data in real time • Data is processed and distributed to the customer using FLYHT’s ground server network called UpTimeTM HOW WE DO IT 4 TSX.V: FLY OTCQX: FLYLF Leadership Team: Industry Veterans Tom Derek Alana Schmutz Graham Forbes CEO CTO CFO Matieu Jeff Plamondon Rex COO VP Sales and Marketing 5 TSX.V: FLY OTCQX: FLYLF Board Members for 2019 Bill Tempany Mike Brown Barry Eccleston Chairman of the Board Partner former President Airbus former CEO FLYHT Geselbracht Brown LLP Americas, Inc. Nina Jonsson Doug Marlin Jack Olcott Viking Fleet Advisors; Software Entrepreneur former President Marlin Ventures National Business Plane View Partners Aviation Association Mark Rosenker Paul Takalo Mary McMillan former Chairman National CPA, CA Audit Chair President, Cashel Aviation, Transportation Safety Board LLC Major General, US Air Force Reserve (ret) 6 TSX.V: FLY OTCQX: FLYLF Global Industry Drivers: UN: ICAO’s Annex 6: Operation of Aircraft Amendment 39 – November 2018 • Normal Aircraft Tracking: 15 minute intervals Amendment 40 – January 2021 • Autonomous Distress Tracking: 1 minute intervals • Timely Access to Flight Recorder Data: recovered & available Patent issued for streaming black box over satellite in China, US, Canada. Pending elsewhere. China CAAC legislated SATCOM regulations CCAR 121 R5 – December 2019 • Airline Operations Center: aircraft within 4 minutes Destination China! • 25% of aircraft on order • FLY has captured 23 of 57 carriers • 74 new civil airports being built by 2020. 216 new airports by 2035! 7 TSX.V: FLY OTCQX: FLYLF Unique, Value-Added Services FLYHT Upsells (SaaS) • Saves Aircraft Operators Money • Streamlines their operations • Enhances Weather Operational ü TAMDAR Safety 8 TSX.V: FLY OTCQX: FLYLF Customer Specific Reporting (FLYHTHealth) “A one percent increase in on-time performance equates to several hundreds of thousands of dollars per year savings for a 50 aircraft operation” Fuel Door State Landing Gear Report Warning Report Battery Status Report Fuel Door Warning Reports APU Usage Report Customized Out, Off, On, In Reports incl. FOB Real-time Engine Fault Code Report Electrical Warning Report Hydraulic Pressure Cabin Pressurization Report Gate Door State and Door Status Reports Oil Pressure Report Report 9 TSX.V: FLY OTCQX: FLYLF AFIRS – Competitive Advantages Other Tracking QAR/Health FLYHT Feature Satcom OEM Solutions Monitoring ✓ ✓ ✓ Global Voice Coms ✓ ✓ FANS/Safety Services ✓ ✓ ACARS over Iridium ✓ ✓ ✓ QAR ✓ ✓ ✓ Aircraft Health Monitoring (Trends & exceedances – engine / airframe) ✓ ✓ ICAO: Global Flight Tracking ✓ ✓ Autonomous Distress Tracking ✓ Live Black Box Streaming ✓ Real-time TAMDAR 4D weather observations ✓ Real-time Systems Diagnostics ✓ TSO C-159A (Voice & Data) ✓ STCs Supporting 95% of Air Transport Aircraft 10 TSX.V: FLY OTCQX: FLYLF Customer Successes: Flexible Solution Solution Savings FLYHTHealth alerted customer to engine Replacement cost for the engine: $5.2 million exceedance High engine vibration Repair cost based on AFIRS-driven data: $780k • Customer was able to take the aircraft out Net Savings > $4 million of service to diagnose and fix the issue Geo-fencing solution built into software • Alerts sent to customer showing aircraft Reduced costs for the airline associated with Logistical support issues entering/exiting specific boundaries poor communication and logistical support • Keeps all parties advised, in real-time, on issues the progress of each flight Monitor aircraft operations Lease agreement required • Customer was able to monitor the Hundreds of thousands of dollars in lease 10% of takeoffs at reduced parameters of operations and create real- penalties thrust time reports 11 TSX.V: FLY OTCQX: FLYLF Milestones since last AGM Mar 2018 Apr 2018 May 2018 May 2018 2 Million 3 Million Uptime Canadian patent for FLYHT’s selection as Inmarsat’s inaugural Aviation Uptime Flights Flight Hours FLYHTStream™ Certified Application Provider (CAP) for Imarsat’s new SwiftBroadband-Safety services Aug 2018 Sept 2018 Oct 2018 Oct 2018 Dec 2018 Boeing, Embraer and FLYHT’s Integration with Acquired Panasonic Jambojet FLYHT announces joint release of a whitepaper, Spectralux FANS Weather Solutions' Selects FLYHT Contract for describing the results of the datalink Assets for Long Range Additional 100 positive ecoDemonstrator Communications AirAsia Aircraft trials Jan 2019 Jan 2019 Feb 2019 March 2019 April 2019 FLYHT signs US$740K deal Appoints Nina Hires Liolios now KRC Insights FLYHT receives expansion with Azur Aviation Johnson to BOD Pathways as US publishes Financial US$1.8 Million Based IR Advisor Research Report OEM Purchase on FLY Order 12 TSX.V: FLY OTCQX: FLYLF FLYHT’s Weather and Satellite Data Team October 2018 – Acquired Panasonic Weather Solutions Experienced Personnel Technology and Intellectual Property • Operational sensor network since •
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