AAR Corp Parts Supply and Engineering Initiatives
M&A priorities and approach
Strategic focus areas
✓ Value-added / IP-enabled parts platforms
✓ Additional distribution customers and OEM relationships
✓ Differentiated MRO capability and scale
Post-
investment
review
Identification &
cultivation
✓ Integrated Solutions – Government past performance
✓ Unique digital / data tools
Integration
Criteria
✓ Accelerates strategic priorities vs. organic tactics
✓ Growth and/or margin accretive
✓ After-tax IRR exceeds target's WACC
✓ Max net debt / EBITDA of 3.5x within 12 months*
* Exclusive of one-time integration costs and inclusive of cost synergies
AAR
Our
Disciplined
Approach
Due
diligence
& thesis
validation
Negotiation &
approval
Valuation
& integration
plan
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