PTB : Chairman's Address to Shareholders

PTB Group Limited

onlyAnnual General Meeting

useNovember 2021 ersonal

PTB Group Overview

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Founded in 2001

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World's largest non-OEM aligned MRO provider for PT6T/A engines

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Listed on Australian Stock Exchange (market capitalisation ~$120m)

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Well capitalised to support future growth

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Global presence (FAA, CASA, EASA approvals)

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Unique customer service focussed offering from aviation industry experts

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PTB Group Board of Directors

ersonal

Craig Baker

Stephen Smith

Founder, Chairman

Founder, Managing Director

Andrew Kemp

Russell Cole

Prince Gunasekara

Non-Executive Director

Non-Executive Director

Non-Executive Director and

Consultant

	Last 12 Months Trading Summary
$1.05			1,600,000
$1.00	1 Month VWAP: $0.95	1,400,000
$0.95	3 Month VWAP: $0.91	1,200,000
$0.90	12 Month VWAP: $0.76	1,000,000
$0.85
			800,000
$0.80
$0.75			600,000
$0.70			400,000
$0.65			200,000
$0.60			0
	Volume	PTB Close

Capitalisation Summary

Share Price (as at 19 November 2021)	$0.97
Shares on Issue (as at 19 November 2021)	127.2 million
Market Capitalisation (as at 19 November 2021)	$123.4 million
Net Debt (as at 30 June 2021)	$11.1 million
Enterprise Value	$134.5 million

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PTB's Position in General Aviation Markets

Wide Bodied Aircraft

only	Typically defined as an airliner usually configured with multiple aisles
and a fuselage diameter of more than 5 metres (16 ft) allowing at
least seven-abreast seating and often more travel classes.

Narrow Bodied Aircraft

Typically defined as an airliner usually arranged along a single aisle permitting up to 6-abreast seating in a cabin below 4 metres (13 ft) of width.

General and Business Aviation

Typically defined as smaller regional aircraft with a carrying capacity

of 12 to 20 people

Example Plane Type	Airbus A380
PAX Capacity	853 passengers
Takeoff Length	2,900m
Engines	4 x Rolls-Royce Trent 900
use	70,000lb thrust engines; or
ersonal	4 x General Electric / Pratt &
Whitney Engine Alliance

GP7200 70,000lb thrust engines

Airbus A320

244 passengers

1,828m

2 x CFM56-5B turbofan with a thrust of up to 34,000lb; or

2 x IAE V2500 turbofan with a thrust of up to 25,000lb

De Havilland Dash 8

50-100 passengers

1,000 - 1,500m

2 x PW120A or PW121 engines

Beechcraft King Air	Cessna Caravan
16 passengers	14 passengers
1,000 m	626 m
2 x PT6A turboprop engine; or	1 x PT6A turboprop engine; or
1 x TPE331 turboprop engine	1 x TPE331 turboprop engine

PTB's core market is the PT6 engine ranging from

500 to 1,500 Shaft Horsepower

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Turboprop Aviation Markets: PT6

only
The PT6
engine is
ne of the
	most
successful
use	and
versatile
engines of
all time with
	an
estimated
ersonal
global active
fleet of
~25,000
engines

Turboprop Aircraft Deliveries By Region (2007-2019)

Europe

North13.2%

America

53.3%

	Middle East
Latin	and Africa	Asia
America	6.4%	Pacific
13.3%		13.7%

Chart shows customer delivery region (in percent of Total for General Aviation Aeroplane Shipments for Turboprop planes). The figures shown represent the average number of turboprop planes delivered by region over the 2007 to 2019 years. Source: GAMA

Over 400 million	Over 7,400 operators
flight hours logged
use the PT6 engine in
Over 53,000 engines	their fleet
produced since 1963	Used in over 180
Power range between	different countries
around the world
500 and 2,000 SHP
Over 140 different	New models of planes are
applications for the	being developed such as
PT6 engine	Textron's twin utility
	turboprop, the Cessna
	SkyCourier

• It is estimated there are in excess of 25,000 PT6 engines in active circulation
• The majority of these engines reside in North American markets
• The PT6 engine has been in production since the mid-1960s
• PTB Group estimates its current market share to be around 2-3% of the global engine fleet

MRO Market Structure

(By Number of Participants)

		Pratt and Whitney
		Honeywell
	OEM
		Standard Aero / Dallas Air Motive
	OEM
	Partners	(owned by Carlyle Group)

Civil Aviation

approved (not	Mint Turbines
Turbopower
OEM aligned)	Airforce Turbine Service
Turbines Inc
	SouthWest Turbine

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All Divisions Poised to Contribute Meaningful Growth

• All of PTB Group's operating divisions are set to positively contribute to the

	financial results
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•	PT USA and PT Leasing are expected to exhibit the strongest growth rates within
	the Group

• PT Brisbane to benefit from ramp up in tourism, especially from the Maldives and the Pacific

Global Operating Footprint

• IAP continues to provide high margin sales to the Group

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Specialises in PT6 and TPE331 Turboprop engines. The division

Provides MRO services on turboprop engines (PT6A, PT6T and

repairs and sells PT6 and TPE331 engines, maintains engines

T53) as well as Bell drivetrain components. Operates from

Owns aircraft and engines and leases these to operators

The division trades in aircraft, aircraft engines, airframes

under contract, and trades engine and airframe parts

Texas, Arizona, Florida and Pennsylvania. The division also

under both operating and finance leases

and airframe parts

supplies and manages spare parts.

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PTB continues at near capacity and retains the

✓ Significant capacity exists to support future

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PTB Group has access to approximately US$100

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IAP is "unconstrained" in its ability to expand in

growth ambitions with US operational

ability to outsource work to either PTB's USA

million of facilities to support its global growth

global markets

operations or third- party providers in times of

footprint over four times the size of Australia

ambitions in the leasing division

peak demand

- very limited additional capex required to

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Focus remains on high margin sales

support growth

✓ PTL is "unconstrained" in its ability to grow in

✓ Work levels in the Brisbane facility are

✓ Tangible progress made on replicating

global markets

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Potential to expand product range

expected to continue to be strong, assisted by

operational efficiencies achieved in PTB

✓ Recently hired a new leasing manager with

the recovery being experienced in the Maldives

ersonal

to levels above pre-pandemic demand

Division

significant industry experience to drive growth

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