$ 100M INVESTMENT IN AVIATION INDUSTRY PANOS XENOKOSTAS PRESIDENT & CEO ONEX TECHNOLOGIES INC ONEX SA

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1 $ 100M INVESTMENT IN AVIATION INDUSTRY PANOS XENOKOSTAS PRESIDENT & CEO ONEX TECHNOLOGIES INC ONEX SA

2 ONEX SA successfully realizes complex, challenging projects in Greece as well as abroad, in the fields of Aviation, ICT & Business services. Investments in new technologies & innovative solutions, like Nanotechnology, turned the company into a technology leader in Europe during the last two years. We are focusing on customers requirements in light of differentiation and business excellence. Our distinguished experts working together with our globally esteemed network of collaborators and our loyal clientele have resulted in our exponential growth.

3 ONEX AT A GLANCE $65M Aviation & ICT projects during the last 5 years $30M R&D International Projects participations countries R&D partners 31 R&D entities, 11 Universities, 20 Industrial partners $40M back log for the next 2 years 45,86% growth rate, employees in Greece

4 A growth & innovation story was born during the worst crisis of the Greek Economy National Champion in the 2013/2014 European Business Awards (London UK, HQs) for the category of The Entrepreneur of the Year National Representative for Greece in Cleantech Open Global Forum and Competition in Silicon Valley, San Jose, California, US ( winner of the open National competition) Finalist of 2nd Greece Innovates! Applied Research & Innovation Competition, jointly sponsored by SEV and Eurobank

5 The year of grand strategy & tactical positioning Management Relocation in US and Fund Raising operations We operate with access to major Investment institutions and global investment firms. We have achieved access to the very best in the financial field in terms of strength and time response. We always build. partnerships with high added value investors. Our relationship with leading institutional investors are unparalleled. Rep Office in Brussels and Washington DC * and Business Development Our presence and operations in Brussels & DC is a key factor to success for our strategic plans, goals & objectives. The elimination of the risk parameters concerning our growth rate projection during the next 5 years, leads us to offensive game.

6 Looking Ahead $200M investments $100M Aviation & Defense, $80M ICT & Business services $20M Nanotechnology job positions 2019

7 ONEX TECHNOLOGIES INC, A US FIRM ESTABLISHED : - TO ATTRACT PRIVATE EQUITY FUNDS, MATERIALIZING ONEX SA S SUCCESS STORY - IMPLEMENTING STRATEGIC PLAN FOR THE YEARS AFTER Investments focus : Aviation & Defense ICT & Security Nanotechnology & New materials Business services & Advanced Outsourcing Strategic plan, goals, objectives and risk parameters of each investment Develop understanding of investment strategies & goals Review analyze current financial situation, while identifying risk tolerance, time frame & liquidity needs Maintain an ongoing commitment to evaluate and review strategies to maximize investment and minimize risk Implement & deliver a customized strategy including personalized services & benefits Identify tailor solutions that are in-line with unique goals Excellent access from Boutique investment firms to major financial institutions Very strong & high experienced financing team In order to eliminate potential backtracking between development process and investment implementation, ONEX acts only after having a short list of investment sources. We work collectively to solve Investment implementation needs

8 What s next Short list of 4 different funding sources + own equity ready for injection.. 12/31/ finalizing terms & conditions for raising the amount of $100M for Aviation & Defense Sector

9 AVIATION INDUSTRY IN GREECE INDUSTRIAL PLAYERS: 1. OLYMPIC ENGINEERING ( SHUT DOWN ) 2. HELLENIC AEROSPACE INDUSTRY FINANCIAL STATUS $1,65B CAPITALIZED LOSSES -$247M EQUITY ( IRS + STOCK) -$742M $726M RECEIVABLE $3,36B TOTAL 86M EURO SALES 43M LOSSES 1442 EMPLOYEES EURO/EMPLOYEE WHEN EU AVERAGE IS EURO/EMPLOYEE LEGAL STATUS (IRS & EU) NEGATIVE EQUITY & EU REGULATIONS PUSH TO SHUT DOWN OPERATIONAL STATUS NO FLEXIBILITY, SPEED, PRODUCTIVITY & COMPETITIVENESS LOCKHEED MARTIN THE MOST CRITICAL CUSTOMER POLITICAL STATUS INTERNATIONAL & LOCAL PRESSURE TO SHUT DOWN SAFE PROJECTION : LACK OF AVIATION INDUSTRY IN GREECE WITHIN THE NEXT YEAR

10 TOP 100 AVIATION INDUSTRIES IN THE WORLD : 89 PUBLIC & PRIVATE 3 JOINT STOCK 8 STATE OWNED 89 PRIVATE & PUBLIC: 12 PRIVATE ( PE & FOUNDING FAMILIES) 77 PUBLIC, PE S SHARES 7%-70% OF THE TOTAL CAPITAL 20 BIGGEST ARE PUBLIC & PRIVATE The biggest are Public & Private: German 6 France : 3 UK : 5 Canada : 1 Italy : 1 The biggest are Public & Private: Sweden : 2 Singapore: 1 South Korea :1 Japan : 1 China : 1 Brazil : 1 State owned Aviation & Defense company cannot be competitive The pace is too fast for them... Governmental company could be national National company is not by default Governmental A private company can be National ( Golden Share to the government)

11 Onex Aerospace Industries SA SHARE CAPITAL (initial) : >$15,000,000 5year investments: <$100,000, Share Holders: Onex Technologies Inc or affiliated US Private Equity Firm 65%-70%, Greek Government 30-35% National character: ensured just as in other countries where private sector is is majority (UK, Germany, France, US etc) through special agreements - governmental approvals on Homeland Security issues, plus Government presence in company s BoD New company BoD members: nonexecutive, Each current Minister of Finance or 1 rep Each current Minister of Defense or 1 rep Government President/Prime Minister or 1 rep Aim: The noted, with further investments and modernization. Expansion to the sector of aircraft support/manufacturing of commercial, civil and private aviation

12 INNOVATIONS: International training center for pilots, the most cut-edging in SouthEast Europe, Middle East Asia and Africa, in Peloponnese, Greece The 1 st st authorized center for F-16 renewal, with competitive advantage for taking over contracts in neighbor countries Excellence Center, for the support of of new Aircraft & Helicopter engines that is is currently executed abroad Global pioneering in the support of of all flying means of of the fleet the model will be cost per flight hour. Government, responsible Ministries will be aware and capable to to budget from the begging of of the fiscal year the exact cost related to to the flight time (one action will be adequate), Military aviation and Security Forces will have availability directly related on their operational needs. Cost and spending will decrease by 10-15% on total operational cost. Expansion to to neighbor countries International co-production of of new aircrafts Development in 4 continents. Presence in Brussels, NY, Washington, Gulf countries and North Africa

13 BENEFITS FOR GREECE 5YEAR PROJECTIONS: 1.Company s investments through Share Capital raise or other financial structure $30,000, $100,000, ( year 1 $15,000,000 ) 2.Sales: $520,000, $1,100,000, Exports related to total sales : 52%- 61% 4.Exports related to total sales : $270,000,000 - $671,000,000 5.Job positions: Income for the State through dividend distribution :$25,000, $50,000, Shares value for the State at the end of year 5 $100,000, $240,000, Income for tax Service, social security org s : $250,000,000 9.Aviation Industry survives and constitutes the growth incubator of the Country 10.The largest investment in Greece over the last 3 years

14 AFTER 17 MONTHS AND MORE THAN 170 MEETINGS WITH STAKE HOLDERS /31/2013 is the major opportunity for the biggest industrial investment in Greece since US & Hellenic-Americans investors are here They trust the New Greece and they honored the invitation from the PM It is time for Greece to show to the rest of the world that the country is read

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