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Lynton R. Wilson Chairman of the Board “Doing the right thing” “ CAE is testament to his vision and leadership and his remarkable ability to engage employees in the pursuit of strategic diversification ” “Doing the right thing” Strengthen the balance sheet “Doing the right thing” • Finalizing sale of our Marine Controls division ¾ Provided greater flexibility to fund the growth of other businesses Reporting 4 segments Mobilization of employees around the word “Doing the right thing” Adoption of Kaizen and Six Sigma techniques Initiation of customer advisory boards Investments of $1.6 billion in R&D Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management Civil Training Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management World’s largest commercial aviation training company Second largest in business aviation training Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management > 30 National Defence Forces Legacy of Leadership and Sound Management Legacy of Leadership and Sound Management Robert Brown’s Watch CAE stands as a Canadian global leader and a symbol of our collective pride Met or exceeded expectations of all stakeholders Company is • A better, sounder organisation • Progressed steadily • Well positioned for the future Thank You for an Exceptional Contribution Robert E. Brown President and CEO Strong Performance Diversification and strict Financial discipline Strong Growth Record backlog of over $3 billion Strong Military Orders First time Military orders reached $1.09 billion Strong geographic diversification Strong Military Geographic Diversificatio n Canada C-130J aircrew training program Canada supporting the Canadian industry with key contracts to Canadian companies who can then leverage their expertise and obtain new contracts with other nations Strong Military Geographic Diversificatio n Canada Sole qualifier for training services related to purchase of Chinooks by Canada Strong Military Geographic Diversificatio n U.S. military forces In Europe Strong Military Geographic Diversificatio n Europe Singapore India Australia • Won several contracts under the NH90 program • Continue to train pilots from NATO at our U.K. training centre • Engaged several initiatives with the German Ministry of Defence In Singapore, India and Australia • Strengthened our presence Strong Civil Business Simulation Products FY2009 34 full-flight simulators Strong Civil Business Training and Services Signed agreements with expected value of $464M Average annual revenue of $3.9M/simulator Strong FY2009 results Thank You ! Employees Management CAE Board CAE USA Board Shareholders Alain Raquepas Vice President, Finance and CFO Highlights of fiscal 2009 Continued to make good progress on all fronts 35 FY2009 Annual Revenues Contribution of all four business segments 36 Strong Military Segments Record orders of $1.09 billion • contributing to our consolidated backlog valued at $3.2 billion FY2009 EBIT FY2009 EBIT 18.3% of consolidated revenues 38 FY2009 Earnings Per Share from Continuing Operations 39 FY2009 Free Cash Flow Free cash flow $106 million • Net cash from our operations $196 million • Capital Expenditures $204 million 40 FY2009 CAE & Partners Operating more than 140 Full Flight Simulators around the world FY2009 Capital Employed Capital Employed • Return on Capital $1.5 billion 15.8% 42 Q1 2010 Highlights Q1 2010 Consolidated Revenue (June 30th) Revenues $383 million Net earnings $27.2 million • Earnings Per Share Net Earnings $0.11 $46.1 million (Excluding the restructuring charge) • Earnings Per Share $0.18 Our diversification has played a key role in our positive results $194 million of orders • Including C-130J simulator for U.S. Air Force Special Operations Q1 2010 Combined Military Segments • Upgrades to the Seahawk helicopter trainers for U.S. Navy $185 million in revenues • Margins above 18% in both segments $59 million of orders Q1 2010 Civil Training and Services Increased annual average number of RSEUs to 130 Slowdown in North America and Europe Stable demand in ROW $115 million in revenues • +4% over Q1 2009 Q1 2010 Civil Simulation Products Sale of 6 simulators in the quarter • Including 2 for Bombardier’s new C-Series $83 million in revenues • 20.1% of margin Q1 2010 Capital Expenditures Capital expenditures Private placement $32 million $130 million Q1 2010 Summary Good 1st Quarter New challenges ahead CAE is well positioned to continue creating shareholder value Marc Parent EVP and COO Thank You Board of Directors Robert Brown for his mentorship and counsel • Under his leadership, company has ¾ Solid financial base ¾ Good diversification ¾ Good position to meet present and future challenges Career in aerospace industry Marc Parent Last five years at CAE Privilege to be named CEO My utmost to meet expectations • Board • Employees • Shareholders Quality – Innovation – Customer Focus Great Company Dedicated Employees Quality of our products Customers Satisfaction toward our employees New CEO Big challenge and great responsibility But we have • Employees • Management team • Excellent products and services To create value for our stakeholders Challenging aerospace market • Well equipped to manage situation Looking Ahead Our diversification and worldwide presence will allow us to weather the storm Same discipline and orientation in terms of risks and opportunities • Strong balance sheet provides the stamina to manage uncertainty • Innovation is key to our future success • Continue to invest in R&D to maintain leadership Upcoming meetings with investors, employees, customers and other stakeholders Thank You Robert Brown Board of Directors Marc Parent EVP and COO Shareholder Question Period Results of Ballots Termination of Meeting
