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Chromalloy Material Solutions Asset Management Services Presenter: Robert F J Scotland

February 3 2016 | Asset Management | Company Confidential Page 2

• The Carlyle Group is one of the world’s

largest private equity firms with over $180

billion in assets under management.

• Carlyle has been a leading investor in the

energy and aerospace and defense and

sectors, having completed over 80 deals in

each space.

• Carlyle’s goal is to build the long-term

value of Sequa and its holding companies

through growth, process improvement and

investment.

Backed by one of the largest private equity banks in the world

February 3 2016 | Asset Management | Company Confidential Page 3

~ $1.5B / 5,000 people world wide

February 3 2016 | Asset Management | Company Confidential Page 4

Market PortfolioCommercial Aero Energy Military

February 3 2016 | Asset Management | Company Confidential Page 5

Global Footprint

February 3 2016 | Asset Management | Company Confidential Page 6

• Based in Fort Lauderdale, Florida• Fully integrated Inventory Management ERP System• 68,500 Square Feet (6364 Sq. Meters) of warehouse and office• Global Sales Force• Chromalloy Material Solutions, LLC is a wholly owned subsidiary

of Chromalloy Gas Turbine, LLC

Chromalloy Material Solutions Facility

CONTACT INFORMATION3600 NW 54th StreetFort Lauderdale, Florida 33309P: (954) 378-1999

Contact Todd JensenRegional General Manager

February 3 2016 | Asset Management | Company Confidential Page 7

History of CMSEstablished to oversee

corporate inventory consigned to Aeroturbine

Established as LLC Utilized 6K Square Feet of WH in CPS facility-Internal

Sales Support to Chromalloy

2009

No Sales3 Employees

Became fully accredited with the Aviation Suppliers

Association

Assumed operational and sales control of corporate inventory and Newnan, GA Warehouse

2010

Sales-$4.8M7 Employees

BELAC Sales passed through CMS. Fully operational from

Newnan, GA, San Antonio, TX and Sunrise, FL

Executed parts supply GTA with Delta Airlines

Consolidated 3 sites into Fort Lauderdale facility. No

interruptions to budgeted sales. Projected savings

$1.145M

Sales-$13.0M11 Employees

2011

2015

20122013

Sales-$26.1M18 Employees

Sales-$32.1M24 Employees

2014

Sales-$58.6M 31 Employees

Sales-$40.9M34 Employees

Controlled growth through 2015

February 3 2016 | Asset Management | Company Confidential Page 8

CAMS/CMSJim Guliano-Vice President Chromalloy AMS SBU

A long-time aero industry player with more than 32 years of leadership success, including 25 years at Pratt & Whitney, a division of United Technologies Corporation. With a strong aerospace track record. Most recently Jim was the Executive Vice President of International Aero Engines (IAE), a role in which he served as the senior Pratt & Whitney executive. Prior to that, he held several successive roles at Pratt & Whitney over many years, including Vice President, Global Customer Service, in which he led the global Customer Support organization. Earlier he led Pratt & Whitney’s $2B Global Engine Center as Vice President. Other positions inside Pratt and Whitney included, General Manager of Eagle Services Asia, a joint venture with Singapore Airlines, and before that served as General Manager of Turbine Overhaul Services and other units. Prior to moving into management roles, he began his career at Pratt & Whitney as a Development Engineer. He was previously a U.S. Naval Officer. Jim holds a Bachelor of Science degree in economics and engineering from the U.S. Naval Academy and an MBA from the Harvard Business School. He has completed the UTC Leadership Development Program.

Todd Jensen- General Manager of CMS and CAMS

Todd has been General Manager for Chromalloy Material Solutions LLC, since December 2009. During his tenure he has lead a team that has grown the trading business by 700%.  Prior to joining Chromalloy, Todd served at Kellstrom Commercial Aerospace for 11 years as Vice President of the Engine Division. He has held Management positions at American Airlines as Production Supervisor of the Pratt and Whitney JT8D Overhaul Shop, Greenwich Air Services as the Wide-body Production Manager, and Eastern Airlines as Crew Chief within the CF6 and RB211 Overhaul Shops.  Todd began his aviation career in 1984 with the United States Airforce maintaining Lockheed C130 aircraft engines for the Hurricane Hunters assigned to the 53rd Weather Squadron in Biloxi, MS. Todd holds an FAA Airframe and Powerplant license and a B.S. degree in Aviation Management from Columbus University. 

February 3 2016 | Asset Management | Company Confidential Page 9

Strategic FocusEngine Parts Distribution Engine Procurement and

Sales• Investment into engines and aircraft* through

a separate, active trading platform

• Utilize assets for exchange, sale, or lease support

• Perform an extensive technical review and due

diligence of maintenance records and equipment history to determine viability of any asset

• Surplus Parts sales and Purchasing

• Increase of used materials internally to drive customer costs down

• Engine sourcing and purchasing

• Focus on leasing of engines with terms of three to twenty-four months, with subsequent lease extension, or part out

• Strategic focus on CFM56-5B/7 and V2500 in 2015

• Developing pooling program with Airlines and MROs to obtain upstream opportunities

Short to Medium Term Leasing and Pooling

• Engine Management and Technical Support

• Provide aircraft and engine acquisition, maintenance, fleet planning, records management and monitoring functions

• Foster and coordinate integrated long term maintenance solutions, such as PBH programs

• Provide guidance to Investors

Engine Advisory/Technical Services

February 3 2016 | Asset Management | Company Confidential Page 1010

Engine Acquisition and Sales

Decrease costs by maximizing used serviceable inventory!

• Stub Leases

• Sale/Leaseback programs

• Part-out at end of life

Engine Support

Focus on Supporting:•V2500A5•CFM56-5B/7B•CF34•CF6-80C2•PW4000•PW2000

Engine Exchange

• Flat Rate Pricing

• Immediate delivery versus downtime while MRO repairs assets

• Reduced cost of ownership

• Increased flexibility

• Engine and Module Exchange

Engine Managemen

t

• Work-scoping

• MRO Shop Management

• Invoice Review

• Replace rather than repair when permitted by marketconditions

Short-TermLeasing

CAMS – Asset Management by Experienced Professionals

February 3 2016 | Asset Management | Company Confidential Page 11

Why CAMS/CMS?

• Flexibility to use cost effective parts whether OEM or FAA Approved PMA

• An outlet to maximize the residual values of assets

• We are partners with our customers and are continually challenged to lower operational costs

• 60 Years verifiable safety record using Chromalloy repaired and manufactured parts

February 3 2016 | Asset Management | Company Confidential Page 12

September 2009 | Company Overview | Company Confidential