Investor Presentation

NYC – Jefferies Industrial Conference

11 August 2016

Disclosure Statement

This presentation contains forward-looking statements. Forward-looking statements may be preceded by, followed by or include the words “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. These statements are based on the beliefs and assumptions of our management. Generally, forward-looking statements include information concerning our possible or assumed future actions, events or results of operations. Forward looking statements specifically include, without limitation, the information in this presentation regarding: projections; efficiencies/cost avoidance; cost savings; forward loss reserves; income and margins; earnings per share; growth; economies of scale; the economy; capital expenditures; future financing needs; future acquisitions and dispositions; litigation; potential and contingent liabilities; management’s plans; and integration related expenses. Although we believe that the expectations reflected in the forward-looking statements are based on reasonable assumptions, these forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. We cannot guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. All written and oral forward-looking statements made in connection with this presentation that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by “Risk Factors” and other cautionary statements included herein. The information in this presentation is not a complete description of our business or the risks. There can be no assurance that other factors will not affect the accuracy of these forward-looking statements or that our actual results will not differ materially from the results anticipated in such forward-looking statements. Factors that could cause actual results to differ materially from those estimated by us include, but are not limited to, our ability to manage and otherwise comply with our covenants with respect to our outstanding indebtedness; our ability to service our indebtedness; the cyclicality of our end-use markets and the level of new commercial and military aircraft orders; industry and customer concentration; production rates for various commercial and military aircraft programs; the level of U.S. Government defense spending, including the impact of sequestration; compliance with applicable regulatory requirements and changes in regulatory requirements, including regulatory requirements applicable to government contracts and sub-contracts; further consolidation of customers and suppliers in our markets; product performance and delivery; start-up costs, manufacturing inefficiencies and possible overruns on contracts; increased design, product development, manufacturing, supply chain and other risks and uncertainties associated with our growth strategy to become an integrated defense aftermarket solutions provider; our ability to manage the risks associated with international operations and sales; possible additional goodwill and other asset impairments; economic and geopolitical developments and conditions; unfavorable developments in the global credit markets; our ability to operate within highly competitive markets; technology changes and evolving industry and regulatory standards; the risk of environmental liabilities; and litigation with respect to us. We caution the reader that undue reliance should not be placed on any forward-looking statements, which speak only as of the date of this presentation. We do not undertake any duty or responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect actual outcomes. The MEREX Group / Kellstrom Defense business is currently a portfolio company of Dubin, Clark & Company, a Boston, MA based private equity fund and is not subject to public reporting.

The Kellstrom Advantage

Total Solution Provider for Sustainment of Legacy Defense Aircraft through OEM Sanctioned Distribution, Component MRO, and Engineering &

Manufacturing • Global Reach with Customers, Employees, and Relationships in Over 60 Countries • Commitment to Compliance, with Hundreds of Active Export Licenses and

Dedicated Contract, Export and Security Personnel • In-house Expertise including Logistics, Product Development, and Repair Solutions.

A Leader For Over 30 Years for the Sustainment of U.S. Defense Platforms

Company Overview

Private Equity Backed Defense Aftermarket Platform

Supporting over 60 countries - US Manufactured Fixed- and Rotary-Wing Aircraft

Exclusive OEM Distribution

Maintenance, Repair & Overhaul (MRO)

Proprietary Engineering & Manufacturing

Program Management

Integrated Export Compliant Parts & Services Solutions

Global Defense Spending Growth

Regional Disruptions Drive Aircraft Utilization

US Defense Spending Still Largest Opportunity

• O&M Budgets Continue to Grow 5-7% Annually • Older Aircraft Sustainment Continues with High Operating Cadence and Limited Replacement Build Rates

Global Defense Market Attractiveness

Presented By AVASCENT, SpeedNews Defense Conference

Bubble Size Is GDP Growth Rate

Global Defense Spend Create Compelling Opportunities

Legacy US Defense Global Fleet

0 500 1000 1500 2000 2500 3000 3500

F16F15F18

F5 / T38F4P3

C130707 Defense

AH1 / UH1AH 64CH 47UH 60

Bell SeriesMD500

US Fleet International Fleet

Fixed Wing

Rotary Wing

Sizable International Fleet of Legacy Platforms

Market Assessment

• Regional Disruptions Drive Asset Utilization and Spend • US and Global Partner Defense Spend Outlook Remains Positive • Legacy Fleet Utilization and Persistence Provides Sustainment

Opportunities

• Limited New Platform Build Rates

• Continued Proliferation of Legacy Assets Into Global Market

• Aftermarket Focus On US and Key Global Partners

Content page with text and photo

10

Airbus Australia Multi-Year Agreement

Royal Dutch Air Force Multi Year MRO Contract

UTC Delevan Exclusive Distribution

Purchased manufacturing assets from Sierra

Merex Group Rebrands

Livermore facility closure and consolidation into Miramar

Camarillo facility repositioned

Sponsor Group Led Bolt-on Acquisitions & Asset Purchases

Key Partnership Agreements & Strategic Initiatives

Expanded Royal Thai Air Force MRO program for F-16, F-5 & Bell 212

Marshall Aerospace Multi-Year Agreement

AMETEK Exclusive Aftermarket Agreement

2015 2014 2013 2012 2011 1982

Purchased RG Assets for manufacture of F5 & T38 Canopies

Building A Defense Aftermarket Platform

Business founded as aerospace parts international broker

Sponsor Group initially invests in Merex, Inc.

Acquired Commerce Overseas Corporation assets

Acquired ALCO Services, Inc.

Acquired Kellstrom Defense Aerospace, Inc.

Management Team Strong Leaders and Directors with Deep Industry Expertise

Name Title Experience

Christopher Celtruda

Chief Executive Officer (Joined May, 2013)

Experience: 25+ years Prior experience: Founder Destiny Partners; Sponsor Advisory Firm; President & Corporate Officer at

Gardner Denver; Group VP, Executive and Corporate Officer at CIRCOR Aerospace; held various operational and business leadership positions at Honeywell / Allied Signal

Richard Szekelyi

[Interim] Chief Financial Officer Experience: 30+ years Prior experience: Managing Director at Phoenix Management; [Various CEO and financial advisory

roles in Agriculture, Banking, Financial Services and Manufacturing industries]

Dean Brady President, Global Distribution and Supply Chain (Joined February, 2009)

Experience: 20+ years Prior experience: Kellstrom Vice President of Programs & Supply Chain Management; Director of

Manufacturing at Astronics DME Corporation; Sales / Program Manager at DME Corporation

Jonathan Silvia

President, MRO Solutions (Joined January, 2015)

Experience: 20+ years Prior experience: VP & General Manager at Ellwood Texas Forge (a division of Ellwood Group);

General Manager at McWilliams Forge Company (a subsidiary of Precision Castparts); G. M. at Spence Engineering / Division and Leslie Controls at CIRCOR; held various operational and business leadership positions at Honeywell

David Faulkner

President, Engineering and Manufacturing (Joined January, 2015)

Experience: 20+ years Prior experience: Technical Director at Defense Electronics Systems (a division of Alliant

Techsystems); Senior Program Manager of Missile System Development & Derivatives at ATK; Chief Technology Officer at Rocketplane Global; Senior Conceptual Design Engineer at Lockheed Martin

Stuart Reid

EVP, Business Development & Product Line (Joined June, 2013)

Experience: 20+ years Prior experience: Director of International Sales at Merex; Program Manager at CIRCOR Aerospace (a

division of CIRCOR International); Project Manager at Sargent Fletcher (a Cobham Company)

Bradley Morton

Member, Board of Directors

Experience: 30+ years Prior experience: Currently serves as an independent board director for PAS Technologies. Previously,

Mr. Morton served as President of the Eaton Aerospace Group where he grew revenue of $750 million to over $1 billion while improving operating margins

Gen. Henry Taylor, U.S.A.F. (Ret.)

Member, Board of Directors Experience: 30+ years Prior experience: A retired Brigadier General, Gen. Taylor served for over 30 years with the U.S. Air

Force after four years with the U.S. Navy where he held various positions of increasing responsibility

Four Business Operating Segments

1

2

3

4

Global Distribution and Supply Chain (GDSC) – Exclusive OEM Partnerships

Component Maintenance, Repair and Overhaul (MRO)

Integrated Major Program Management / Platform Sustainment

Legacy Aircraft Engineering and Manufacturing / Life Extension (E&M / LEP)

Global Operating Footprint

El Segundo, California (LAX) 3,400 Sq. Ft. - Group Headquarters

Miramar, Florida (SoFL) 76,000 Sq. Ft. - MRO and GDSC

Macon, Georgia (SoGA) 104,000 Sq. Ft. - TSSR Program

Cambridge, United Kingdom (UK) 10,000 Sq. Ft. - Distribution

Camarillo, California (SoCAL) 10,000 Sq. Ft. - Eng. & Mfg.

SINGAPORE (SING) Sales Office

Windsor , Australia (AUS) 10,000 Sq. Ft. - Distribution

Over 25 Third Party Partners Support In Country Sales Capture

25%

11%

8% 22%

3%

7%

2%

22%

Diversified Business Across Leading Defense Platforms

C-130

F-16

P-3

F-5 / T-38

Boeing 707 Defense Derivatives

F-18

E-8 E-6 KC-135

Rotary Wing

F-15, A-10, KC-10…

33%

31%

20%

15%

0% 5% 10% 15% 20% 25% 30% 35%

GDSC

TSSR

MRO

E&M / LEP

Segment Sales in $M

Segment Volume Contribution

Global Distribution and Supply Chain (GDSC)

Sustainment Programs; J Stars (TSSR)

2

Maintenance, Repair and Overhaul (MRO)

3

4

1

Engineering & Manufacturing (E&M)

Total Aftermarket Solutions For Legacy Aircraft

Mar

gin

Maximizing Segment Alignment

Customer Value Created By Integrated Aftermarket Solution

Distribution

MRO E&M Mining Replacement Part Consumption For Re-engineering Candidates

Supplying Engineered / SAR Compliant Details and LRUs

Leveraging A Common Sales

Channel To Drive Customer

Value

Global Distribution & Supply Chain

Total Logistics Support Solutions

– Supply Chain Management (SCM) – Demand Chain Management (DCM) – OEM Parts Distribution – Excess Inventory Solutions – Technical & Platform Expertise – Obsolescence Management – Export Compliance – ITAR & EAR – IT Portal Connectivity

Selected Partners

1

Exclusivity Ensures Customer Access and Pricing Power

Integrated Programs – J Stars / TSSR

• Multi – Year Agreement For Parts and Repairs Management • Manage Full Government Inventory of Spares, Re-furbishable Accessories • Partnered with Northrop Grumman on Long Term Aircraft Sustainment • No Replacement Aircraft Funded

2

Sticky Business Leveraging All Segments

Kellstrom Repair Services (KRS)

FAA & EASA Certified Repair Station

• Class I, II, III, & IV Instrument Repairs

• Class I, II, & III Accessories Repairs

OEM and Third Party Repair Solutions

Primary Capabilities include:

• Teardown, Test, & Evaluation

• Repair, Modification, & Overhaul

• Repair Partner Management For Global Fleet Customers

• Hydraulics

• Pneumatics

• Fuel

• Landing Gear

• Auxiliary Power Units (APUs)

• Wheels & Brakes

• Instruments/Indicators

• Avionics Computers

3

Full Accessory MRO Capability

Engineered Products and Life Extension

Structural Hydraulic Electro-mechanical Electronic Systems

Wing 30G Indicator Damper Assembly Accelerometer ECS Upgrade

Canopy Vane Door Actuator Hydraulic Actuator Switching Assembly-AOA Ammo Box

Speed Brake Control Box Landing Gear Ground Support Test Set C-130 SHORT-POD™

4

Building a Portfolio of SAR Sanctioned Third Party Spares and Upgrades

Content page with text and photo

21

Capture Multi-Year Total Fleet Support Agreements

Forge Exclusive OEM Distribution & Repair Relationships

Develop Proprietary Designs & Tooling

Kellstrom Defense Focused On Growth Via Predictable, Higher Barrier Relationships and Content

Proprietary Product Portfolio Exclusive Distribution

Exclusive Repair Relationships

Multi-Year Agreements

Speed Brake 30G Indicator

Landing Gear Accelerometer

ECS Upgrade Damper Assembly

Significant opportunity to accumulate IP and fuel high margin manufacturing capability

Acquisition of discontinued proprietary tooling results in sole-source status on select products, providing high-margin, recurring revenues

Synergistic business model allows for quick introduction of proprietary products through established distribution channels

Newly-forged OEM relationship team intended to provide deep focus on cultivating exclusive relationships with OEMs

Multi-pronged approach to increased OEM penetration includes first establishing exclusive distribution and repair agreements, then seeking licenses for legacy parts manufacturing

Several opportunities to diversify revenues further by acquiring multi-year agreements

Agreements would provide step-function growth potential with recurring, year-to-year cash flows Impressive track record on JSTARS program is a key differentiator in new opportunity discussions with potential customers

(Delevan)

Royal Dutch Air Force Israeli Air Force

Driving Exclusivity and Multi Year Content

Business Strategy

• Favorable Sector Trends Around Legacy Aircraft Sustainment Spend

• Experienced Leadership Team In Place to Manage Organic and Acquired Growth

• Continuing to Invest In Strong Global Relationships; Channel Partners, OEMs, Suppliers

• Legacy Assets Rationalized and Processes Driven to Maturity

• Shifted Portfolio Toward Higher Barrier, Sticky Repeat Content

• Investing In Increased IP Development and Differentiated Solutions

• Expect Higher Growth E&M and MRO to Contribute to Volume / Margin Expansion In 2016-2018

Focus On Organic Growth

Distribution Pursuits - Expanded OEM Relationships; Engine Related Accessories, Airframe Systems and Rotary Wing - Multi-Year Sustainment For C-130 H /J and F-16

Program Pursuits - Multi Year Sustainment and Logistics For C-130, KC-10 and C-5

MRO Pursuits - Global Component Sustainment Programs In Asia and Middle East - Increased Landing Gear, APU and Accessory Capabilities

E&M / LEP Pursuits - Production Spares For T38, A10, F16 and F18 - Third Party SAR Manufacturing of LRU and Details For Flow Control - IP Development For Mod and Upgrades; C-130

Pipeline of Over $200M Of Actionable Growth

Growth Outlook

2013 2016 2018

Acquisitions and Integration Drive Volume and Margin

Changes

Solution Development and Sales Capture Fuel Expected Growth

~ 13-15% EBITDA

Targeting Sales In Excess of $250M

The Kellstrom Promise

People – Our business depends on our 200+ employees in the US, UK, Australia, and Singapore working as one to support our commitment to innovation, transparency, diversity, communication, development, and community engagement. Integrity – KDA and its global employees are committed to upholding all requirements of doing business globally and being fully compliant with all laws and regulations. Ethical Conduct – We will conduct ourselves according to the highest ethical standards and will distinguish ourselves through our professionalism, transparency, and best practices. Trust – KDA takes customer and partner relationships seriously and is focused on building mutually productive business. Safety – KDA ensures that its workplace and products are held to the highest standards to ensure that employee and customer well-being comes first. Quality – All products and services provided by KDA and affiliated businesses are designed, manufactured, and sourced in accordance with the highest industry standards, with AS9100 and ISO qualified systems in place to ensure conformance. Value – KDA provides the right combination of product, services, and support to ensure the aircraft readiness requirements of our customers are met with the right price and timely delivery.