PROPRIETARY First Equity Copyright 2018 © First Equity Group, Inc. – 32 – Value Creation – First Aviation successfully moved PPS into a new generation of aircraft, adding the Bombardier Q400, Saab 340, Saab 2000, ATR42/72-600 series and C-130J propeller systems to PPS’s capabilities – Worked with existing management team, all of whom stayed post-acquisition, to transition to a stand along, high growth, engineering driven organization – Renegotiated and won new long-term contracts with three of the five largest turboprop operators in North America and the largest airline MRO company in Europe – Developed an internal engineering capability at PPS and FAA-certified several high-margin, proprietary propeller repairs – Expanded into modern state-of-the-art facility to accommodate organic growth First Aviation Services (FAvS) – Piedmont Propulsion Systems (PPS)