Q2 2012 Results Presentation
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  • 1. FLYHT Aerospace Solutions Ltd.formerly AeroMechanical Services Ltd.Q2 2012 Results
  • 2. Disclaimer 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. www.flyht.com FLY : TSX-V TSX.V: FLY
  • 3. Q2 Highlights• Private placement completed• AFIRS 228B installed and operating on customer’s aircraft• First AFIRS 228 kits shipped to NetJets and cash received• Hawker Beechcraft Supplemental Type Certificate filed with the European regulatory body (EASA)• Investor Relations plan being rolled out• Attended the Okanagan Investor Conference TSX.V: FLY
  • 4. Contracts• L-3 Aviation Recorders • to provide AFIRS 228 to L-3 original equipment manufacturer customers• Safety Management System (SMS) Dashboard in Nigeria• Signed our ninth Canadian customer TSX.V: FLY
  • 5. Increased Cash Position andRevenue• $4.15 m private placement completed July 4 ($3.2 m closed before the end of Q2)• Revenue – 22% increase from 2011 • $1.6 m Q2 2012 • $1.1 m Q1 2012 • $1.3 m Q2 2011
  • 6. Expenses• Distribution expenses: 7.5% increase• Administration expenses: 8.8% increase• R&D expenses: flat compared to Q2 2011• SRED credit in Q2 2011 was not received in Q2 2012
  • 7. Revenue Recognition Customer deposits Q2 2012 Q2 2011 YTD YTD 2012 2011 26* 4 43 10 Recognized revenue Q2 2012 Q2 2011 YTD YTD 2012 2011 12* 9 19 15 * Represent the # of AFIRS units
  • 8. Financial Summary• Debt and Working Capital - June 30, 2012• Modified working capital ($ 213,627)• Long term debt $ 2.8 million• Capitalization: Shares Outstanding - July 4• Basic 139,386,166• Fully diluted 178,135,626• Management, directors, officers > 5%
  • 9. Conference Call Details• Conference call with Bill Tempany, President & CEO and Tom French, CFO and VP Finance• Wednesday, August 8, 2012 at 3 pm MT (5 pm ET) • Canada & USA Toll Free: 1-800-319-4610 • Outside of Canada & USA call: +1-604-638-5340• Questions can be asked live or e-mailed to: investors@flyht.com TSX.V: FLY