Astronics : Baird Global Industrial Conference - 2020

Baird 2020 Global Industrial Conference

November 11, 2020

Nasdaq: ATRO

Peter J. Gundermann, Chairman, President & CEO David C. Burney, Executive Vice President & CFO

astronics.com

Safe Harbor Statement

These slides contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words "expect," "anticipate," "plan," "may," "will," "estimate" or other similar expressions and include all statements with regard to being the impact of COVID-19 on the Company and its future, achieving cash positive or neutral in 2020, expectations of demand by customers and markets, and EBTIDA margins. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially from what may be stated here include the impact of the global outbreak of COVID-19 and governmental and other actions taken in response, trend in growth with passenger power and connectivity on airplanes, the state of the aerospace and defense industries, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes and delivery schedules, the demand for and market acceptance of new or existing aircraft which contain the Company's products, the need for new and advanced test and simulation equipment, customer preferences and relationships, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this presentation, or its accompanying oral discussion, whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.

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Astronics Corporation (Nasdaq: ATRO)

INNOVATION. COLLABORATION. SUCCESS.

Astronics serves the world's aerospace, defense, and other

mission critical industries with proven, innovative technology solutions. Our strategy is to grow value by developing technologies, organically or through acquisition, for our targeted markets.

	Market Cap	$262.6 million		Shares Out - Common	23.9 million
	Recent Price	$8.50		Shares Out - Class B	6.9 million
	52-Week Range	$6.30-$31.47		Institutional ownership	66%
	Average Daily Volume (3 mos.)	255,480		Insider ownership	9%
	Established/IPO	1969/1972		Index membership	Russell 3000®/2000®
	Market data as of November 10, 2020 [Source: S&P Capital IQ]; ownership as of most recent filings	astronics.com 3

Solid Franchise with Leading Market Positions

($ in millions)

Test Systems

Aerospace

15%

SALES

85%

Q3 2020 TTM Sales: $586.2 Million

Aerospace

Test Systems

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