PAE Incorporated : CJS Securities New Ideas for the New Year Conference Presentation

INVESTOR OVERVIEW

January 2021

FORWARD-LOOKING STATEMENTS AND

NON-GAAP FINANCIAL MEASURES

This presentation may contain a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about PAE's possible or assumed

future results of operations, financial results, business strategies, debt levels, competitive position, industry environment, potential growth opportunities, potential impact of COVID-19, effects of regulation, backlog, estimation of resources for contracts, risks related to IDIQ contracts, strategy for and management of growth, needs for additional capital, risks related to U.S. government contracting generally, including congressional approval of appropriations, and bid protests. These forward- looking statements are based on PAE's management's current expectations, estimates, projections and beliefs, as well as a number of assumptions concerning future events. When used in this presentation, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside PAE's management's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Forward-looking statements included in this presentation speak only as of the date of this presentation. PAE does not undertake any obligation to update its forward-looking statements to reflect events or circumstances after the date of this presentation except as may be required by the federal securities laws.

This presentation contains non-GAAP financial measures. For more information about our use of non-GAAP financial measures see the appendix.

In this presentation, unless the context indicates otherwise, the terms "PAE" and the "company" refer to PAE Incorporated and

its subsidiaries taken as a whole.

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JOHN HELLER

President & Chief Executive Officer

INVESTMENT HIGHLIGHTS

THIS IS PAE	DIVERSIFICATION	STABILITY	GROWTH	PRECISION	FINANCIAL
Well-established	Significant customer	End-markets	Growth story driven	History of delivering	Strongfinancial profile,
platform and	and contract	provide resiliency	by strategic	exceptional	deliveringacquisition
brand with a 65+	diversification creates	and stability largely	transformation and	performance and	capacity and rapid
year history of	a unique competitive	immune to business	M&A execution	garnering high	deleveraging
success	advantage	distribution		customer
				satisfaction ratings

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