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11
Executive Summary
June 2010
2
Financial Strength and Stability
• NYSE listed (HEI, HEI.A) • Annual sales of $538 million in FY09• 2,300 Team Members in 29 facilities in 13 States, Canada, Europe, and Asia• Celebrated 50th Anniversary in 2007• Celebrated 12th Anniversary of Lufthansa Technik’s Investment of $50 Million• Successful AAL Joint Venture & UAL, DAL, JAL, BA, XJET, IB Strategic Partnerships• Conservative financial culture ($1b Equity / $40m Debt)• Well Respected Board of Directors include, among others:
- Chairman and CEO of Lufthansa AG- Retired Chairman and CEO of Rolls Royce, Inc.- Retired Director of the Argonne National Laboratory
(US government’s largest laboratory)
Hollywood, FL – Headquarters 2009Hollywood, FL – Headquarters 1957
3
HEICO History
1957 –HEICO
incorporated as
HeinickeInstruments Company
1964 First PMA
1991 Begin Major NPD
Program
1997 Lufthansa Buys 20% of HEICO
Aerospace
1972 JT8D and JT3D
Combustor PMAs
1990 ManagementChange
1996 Restructure Engineering Group to
Develop Complex Parts and establish
ETG
1999 First HPC
Blade & HPT Duct
PMAs
2004 Establish HEICO
Component Repair Group
2001 Establish
HEICO Parts Group
1985 Manchester
Accident Increases HEICO’s Market Share
2005 Establish HEICO
Distribution Group
Acquisitions
4
Aviation - Products and Services
DISTRIBUTION
MANUFACTURING
PMA MANAGEMENTPROGRAMS
UNIT EXCHANGE&
DER REPAIR
COMPONENT MRO&
ASSET MGMT
A WIDE RANGE OF COST SAVING SOLUTIONS
WORLD’S LARGESTFAA-APPROVED PMA SUPPLIER
KITTING
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Defense, Space, and Medical - Products and Services
NICHE HIGH TECH SOLUTIONS
SPACEFLIGHT
HARDWARE
SATELLITECOMPONENTS
INFRAREDMISSILE
SIMULATION
X-RAYPOWER
TECHNOLOGY
LASERSYSTEM
COMPONENTS
MICROWAVETECHNOLOGY
6
Organization Chart
Engineering Design Team
Sierra Microwave Technology
Analog Modules
Santa Barbara Infrared
VPT
DATA & MICROWAVEGROUP
Connectronics/Wiremax
Dielectric Sciences &Essex X-Ray & Medical Equipment
EMD Technologies, Inc.
Leader Tech
Lumina Power
Radiant Power
Dukane
ELECTRICAL GROUP
HEICO ELECTRONIC TECHNOLOGIES CORP.CEO/PRESIDENT (700)
SVP - Finance & Admin. SVP - DevelopmentSVP - Technical
Engines & Accessories
Hardware & Accessories
Avionics & Power Systems
Manufacturing
Technical Services
PARTS GROUPPresident
Accessories Division
Avionics Division
Structures Division
Wheels & Brakes Division
Future Aviation, Inc.
NIACC - Avitech Technologies
Inertial Airline Services
Prime Air Inc.
REPAIR GROUPPresident
Seal Dynamics
DISTRIBUTION GROUPPresident
Thermal Structures
Jetseal
SPECIALTY PRODUCTSGROUPPresident
HEICO AEROSPACE HOLDINGS CORP.Eric Mendelson - CEO/President (1,500)
HEICO CORPORATION(NYSE:HEI & HEI.A)
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• World’s Largest Supplier of PMA Parts
• PMAs available in every area of aircraft and engine
• Part Repair
• PMA Management
• PMA Kitting
• Manufacturing
• 60 Engineers and 9 DERs on staff
• 500 Team Members
• 7 Facilities around the world
Parts Group
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• Accessories: Electro-Mechanical, Pneumatic, Hydraulic, Fuel
• Avionics: INUs, IRUs, Display Units, DGAs, Instruments, Autopilots
• Structures: Flight Controls, Radomes, Thrust Reversers, Nacelles, Nose Cowls
• Wheels & Brakes
• 30 Engineers and 5 DERs on Staff
• Over 1,000 Proprietary HEICO Repairs
• Asset Management
• 560 Team Members
Repair Group
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• Broad scope of capabilities with 25,000+ part numbers
• Turn times averaging 16 days
• Low repair warranty rates at <0.8%
• 24/7 AOG support
Repair Group
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• Hauppauge, NY; Tampa, FL; London, UK; Singapore
• Leading Distributor of Hydraulic, Pneumatic, Mechanical, and Electro-Mechanical components
• Leading Designer and Distributor of engineered seals
• Distributor for HARCO, Thompson, Circor, Cox & Company, CCS Custom Control Sensors, Triumph Controls, Apph BBA Aviation, Donaldson, Parker Pradifa, Aero Design, Parker Chomerics, Radiant Power Corp, Meggitt, GKN Aerospace
• 100 Team members
Hauppauge, NY
Distribution Group - Seal Dynamics
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• Corona, CA, Indianapolis, IN, Roswell, NM & Spokane, WA
• Leading Manufacturer of Foil Wrapped Insulation and Composite Panels
• Leading Manufacturer and Overhauler of Fan Exit Guide Vanes
• Leading Manufacturer of Resilient Metallic Seals (C, V, Omega, E Type)
• 400 Team Members
Specialty Products Group - Thermal Structures & Jetseal
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HEICO offers a wide range of PMA/DER
Cockpit/Avionics• INUs, IRUs• Display Units• DGAs• Instruments• Autopilots• Radomes• Nose Cowls• Battery Packs• Cockpit Paper
Landing Gear• Wheels and Brakes • Landing Gear
Wing• Flight Controls• Actuation Systems• Guides
Components• Electro-Mechanical• Hydraulic Pumps• ACMs, CSD/IDG• Batteries• APUs
Fuselage/Interiors• In Flight Entertainment• Lavatories• Seat Parts• Tray Tables• Galleys• Overhead Bins
Engines• CFM56• CF6• CF34• PW2000• PW4000• V2500• JT8D• JT8D• LM2500/500/600
Engines• Combustion Chambers• Blades & Vanes• Fan Exit Guide Vanes• Shrouds (single crystal & equiax)• Thrust Reversers• Acoustic Panels• Pneumatic/Bleed/Anti Ice Valves• Heat Shields• Insulation Blankets
Engines• Fuel Pumps• Nozzles• Gears• Shafts• Bearings• Starters• Rings• Spacers• Expendables
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Engine Parts• CFM56, CF6, CF34, PW2000, PW4000, V2500, JT8D, JT9D, LM2500/5000/6000• Combustion Chambers, Blades, Vanes, Seals, Rings, Spacers, Heatshields, Bearings,
Gears, and Consumables• Parts in Every Engine Section - from Fan to Turbine ExhaustControls & Accessories Parts• ACMs, CSD/IDG, Batteries & Battery Packs, Hydraulic Pumps, Actuation, Landing Gear,
Pneumatic/Bleed Air/Anti-ice Valves, APUs, Fuel Pumps/Controls/Nozzles, Thrust Reversers, Starters, Interiors, In Flight Entertainment, Lavatories
Parts Group - FAA Approved Parts
Over 6,000 FAA Approved Parts500+ New Parts Developed Per Year
Over 4 Million Parts Shipped Annually
Main Fuel Pump Matched Gear SetIFE Touch Screen FaucetBattery Pack
14
Parts Group - Engineering, Design & Test
INDEPENDENT PARTS MARKET LEADER
• World’s Largest Independent Supplier of Aircraft and Jet Engine Parts
• First FAA Part Approval in 1957• Research & Development
– 120 Team Members– $8 Million Annual R&D
• State-of-the-Art Digital Technical Library• State-of-the-Art Equipment to Re-Engineer,
Design and Test In-House– Materials: SEM, Spectrometer, FTIR– Metrology: CMMs– Design: Pro-E, Unigraphics, others– Testing: Laser Holography, Shakers– Analysis: FEA, Structural & Thermal
• 60 Engineers, 20 with Advanced Degrees• 9 FAA Designated Engineering
Representatives (DERs)• 500 Team Members
1515
Parts Group - System Approach to PMA Development
Example:HEICO can provide PMA on 75% of the cost of material on most commercial Main Fuel Pump applications:
• Matched Gear Sets• Matched Bearing Sets• Shafts• O-Rings• Carbon Seals
Estimated Savings for CFM56 Fuel Pump Overhaul = $8,000
16
19 of the world’s 20 largest Airlines fly HEICO partsOver 200 Customers worldwide
Major Direct Customers
17
Parts Group - Strategic Partnerships
• Investment in Advanced Technology Equipment• Investment in R&D• Profit Sharing • Focused Part Development by Product Types• Independent Supplier allows for Increased Purchasing Leverage
1997
2002
2001
2003
2004
A SOLUTION FOR:
2007
2010
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Thank you for listening!