1. Quarterly Results and FY 2016 Financial Outlook Blue Yonder Airlines| Doris Hartwig | July 2015

2. Agenda Quarterly Results – 4 th Quarter FY 2015 FY 2016 Financial Outlook

3. 4 th Quarter 2015 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%)

4. 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

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

6. Innovation and Marketing Three new products/services in Research and Development Rollout planned for new division Campaigns targeting new markets Renewed commitment to innovation and marketing

7. 4 th Quarter Summary Economic environment impedes sales

8. Projected Earnings

9. 2016 Projected Outlook Assumptions − Economic recovery imminent − Pending issues − Legacy holdings − Regulatory changes − Capital management − Balance sheets

10. FY 2016 Projections Estimated% Change Revenue Growth$14.2M(0.5%) EPS$1.6M0.7% Capital Expenditures$12.5M0.3%

11. Projected Capital Expenditures

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