Quarterly Results and FY 2015 Financial Outlook Blue Yonder Airlines Blue Yonder Airlines| Doris Hartwig | July 2015

Agenda I. Quarterly Results – 4 th Quarter FY 2014 II. FY 2015 Financial Outlook

4 th Quarter 2014 Adjusted Financial Highlights 4 th Quarter% Change Adjusted EPS$6.2M0.0% Revenues$14.2M(0.5%) Cash Expense$1.6M0.7% Operating Expense$12.5M0.3% Operating Income$2.3M(0.2%) EBITDA$2.8M(1.2%) Debt($1.2M)(10.6%)

Earnings Reconciliation Reported Earnings (loss) per share($.12) Investment-related Write-downs$.10 Investment 1 Investment 2 $.07 $.03 Gain on Sale$.05 Investment 1 Investment 2 $.03 $.02 Adjusted Earnings per Share$.03

 Anticipate profits from sales of ancillary subsidiaries  Reduced debt by more than 10% Balance Sheet Highlights

Innovation and Marketing

4 th Quarter Summary  Economic environment impedes sales  Renewed commitment to innovation and marketing

Projected Earnings

2015 Projected Outlook  Assumptions  Economic recovery imminent  Pending issues  Legacy holdings  Regulatory changes  Capital management  Balance sheets

FY 2015 Projections

Projected Capital Expenditures

Summary  Additional capital flow anticipated in 3 rd Quarter  Development, marketing key