1. Quarterly Results and FY 2011 Financial Outlook
Blue Yonder Airlines| Doris Hartwig | July 2010
Quarterly Results and FY 2011 Financial Outlook

2. Agenda Quarterly Results – 4th Quarter FY 2010
FY 2011 Financial Outlook

3. 4th Quarter 2010 Adjusted Financial Highlights
% Change
Adjusted EPS
$6.2M
0.0%
Revenues
$14.2M
(0.5%)
Cash Expense
$1.6M
0.7%
Operating Expense
$12.5M
0.3%
Operating Income
$2.3M
(0.2%)
EBITDA
$2.8M
(1.2%)
Debt
($1.2M)
(10.6%)

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

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

6. Innovation and Marketing
Three New Products/Services in Research and Development
Rollout Planned for New Division
Campaigns Targeting New Markets

7. 4th Quarter Summary Economic environment impedes sales
Renewed commitment to innovation and marketing

8. Projected Earnings

9. 2011 Projected Outlook Assumptions Economic recovery imminent
Pending issues
Legacy holdings
Regulatory changes
Capital management
Balance sheets

10. FY 2011 Projections Estimated %Change Revenue Growth $14.2M (0.5%) EPS
0.7%
Capital Expenditures
$12.5M
0.3%

11. Projected Capital Expenditures

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