AstroNova : Sidoti May Micro-Cap Conference

Sidoti Virtual Micro Cap Conference

May 8, 2024

Safe Harbor Statement

Information included in this presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include financial expectations relating to the Astro Machine acquisition. Forward-looking statements are not statements of historical fact, but rather reflect our current expectations concerning the acquisition of Astro Machine LLC. These statements may include the use of the words "believes," "expects," "intends," "plans," "anticipates," "likely," "continues," "may," "will," and similar expressions to identify forward-looking statements. Such forward-looking statements, include, but are but not limited to, the potential benefits of the Astro Machine acquisition. These statements involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, (a) the risk we are unable to integrate Astro Machine's business and operations with and into AstroNova's existing business, (b) general economic, financial, industry and business conditions; (c) competition in the specialty printer or data acquisition industries; (d) our ability to obtain adequate pricing for our products and control our cost structure; and (e) the other factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2024 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this presentation.

Nasdaq: ALOT	2

AstroNova: A Leader in Data Visualization Technology

Specialty printers and data acquisition systems that acquire,

store, analyze, and present data in multiple formats

$148.1 million	365 employees	Customers in
revenue in fiscal	in the U.S. Europe,
150+ countries
2024	Canada, Asia and
	Mexico

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Market Segmentation

Revenue by Segment - FY 2024	Revenue by Type - FY 2024
($ in millions)
($ in millions)

Service/Other $19.4

Test &	$44.0	13%
Measurement
30%
	$104.0 Product ID	Hardware	$49.4
	$79.3	Supplies
	33%
	70%		54%

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Key Elements of our Growth Playbook

Product Innovation

Strategic M&A

Operational Excellence

Geographic Expansion

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Diverse Product Portfolio

Executing a Common Vision Across Three Lines of Business

• Professional Digital Color Label Presses
• Color Inkjet Label Printers
• Printing Equipment for Mailing and Labeling
• Digital LED Toner (EP) Printers
• Thermal Transfer Printers
• Media, Inks, Toner and Supplies
• Label Design and Management Software

•	Narrow-format Airborne	•	Data Acquisition
	Printers		Systems
•	Wide-format Airborne	•	Data Recorders and
	Printers		Printers
•	Airborne Ethernet Switches	•	I/O Modules
•	Aviation Printer Paper	•	Data Visualization and
	and Supplies		Analysis Software
•	Global Aviation Repair	•	Thermal Paper and
	Facilities		Supplies

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Track Record of Value-Generating Acquisitions

	Feb. 2017
Feb. 2014	Acquired TrojanLabel	Aug. 2022
ApS, a European
Acquired Astro Machine, a
Acquired Miltope	manufacturer of
leader in printing technology
specialty printing
aerospace printer
for mailing and labeling
systems
product line
applications
Jun. 2015		Sep. 2017
	Acquired exclusive rights to
Acquired RITEC		manufacturer, market and
aerospace printer		service Honeywell
product line		International PTA-45B
		narrow-format cockpit data
		printer

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Applying AOS Tools Across The Organization

The AOS guides how we operate and ensures we drive sustainable value for all stakeholders.

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International Presence

100+ Independent Dealers
and Representatives	Nasdaq: ALOT	9

Worldwide Installed Base

Customers in 155 Countries

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