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FLYHT Aerospace Solutions Ltd. TSX.V: FLY
OTCQX: FLYLF
Year End 2014 Presentation April 2015
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Overview – Efficiencies in Aviation
Efficiency in the management of aircraft has never been
as critical as it is today.
• FLYHT is a leading provider of data management and
integrated solutions. Savings can be realized on:
o Routing;
o Maintenance;
o Fuel;
o Operational effectiveness;
• FLYHT supplies real-time monitoring of aircraft
positioning and what is happening on the aircraft or in
the cabin.
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2014 Highlights
• Final Airbus certification in July
• Industry groups we are working with:
o ICAO
o IATA
o NTSB
• Modified Working Capital $5.28M
• Recurring revenue increased even with fleet changes
• R&D focused on ground systems and STC approvals
• Added two new directors: Barry Eccleston and John Belcher
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Review of Goals for 2014
• Increase installations in China to meet mandate;
• Install on two business aircraft OEMs;
• Expand service modules to increase revenues;
• Pursue additional commercial OEM opportunity; and
• Positive cash flow from operations.
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Market Review
• China
• Nigeria
• COMAC
• SNC
• C-27J
• C-130
• NetJets
• Dragon
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Goals for 2015
• Increase sales force and focus on major markets
• Capture a major carrier
• Add China repair depot and increase vigilance to meet
mandate
• Respond to OEMs on alerting and streaming
• Industry group participation
• Expand applications to mobility platform
Financial Highlights
Revenue
Q4 2014 Q4 2013 YTD 2014 YTD 2013
$ $ $ $
Voice and data services 915,602 1,080,503 3,657,300 3,624,719
AFIRS sales 619,776 592,483 2,054,251 2,707,839
Parts sales 455,297 79,716 718,567 655,561
Services 228,006 184,055 451,910 1,012,245
Total 2,218,681 1,936,757 6,882,028 8,000,364
2014 2013
Earned 44 62
Paid 57 42
Units
Financial Highlights
Expenses
Major Category Q4 2014 Q4 2013 YTD 2014 YTD2013
$ $ $ $
Distribution 990,650 834,328 3,392,991 2,956,446
Administration 780,040 805,516 3,548,517 2,859,124
R&D 772,725 693,351 777,749 2,180,227
Total 2,543,415 2,333,195 7,719,257 7,995,796
Financial Highlights
Dec 31, 2014
$
Dec 31, 2013
$
Cash and cash equivalents 4,160,962 5,434,803
Accounts Receivable 959,786 784,426
Inventory 2,718,870 1,844,492
Total assets 8,275,546 8,435,962
Dec 31, 2014
$
Dec 31, 2013
$
Accounts payable 2,129,622 3,704,496
Unearned revenue 1,484,345 1,103,834
Total current Liabilities 4,212,722 8,567,913
Total non-current liabilities 5,932,599 2,140,456
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Capital Market Profile
At April 7, 2015
Share Price $0.20
Market Capitalization (per TSX:V) $34.5 million
52 week low $0.205 - high $0.80
Shares (per TSX:V) 172.4 million
Share Structure – At April 7, 2015 **Management, Directors and Officers
Fully Diluted 184 million
Institutional Ownership % Approx. 40.0%
Insider Holdings** 4.3%
2010 2011 2012 2013 2014
Revenue $4.7 $5.5 $6.5 $8.0 $6.9
R&D Expenditures $5.8 $3.3 $2.4 $2.1 $0.8
Net Loss $9.0 $6.5 $4.9 $4.1 $4.3
Financial Results Snapshot – ($millions)
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Quick Reference Links
The following links will lead you to the
dynamic solutions that will enhance
earnings and protect assets through
creative application of technology:
• http://vzaar.com/videos/1178547
• https://www.youtube.com/watch?v=e3
LgLA0cj50&feature=youtu.be
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Know where your
aircraft are and their
status in real time.
Aircraft Situational Display
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Thank You
View the full Annual Report Online
