Cirrus Aircraft Cirrus Aircraft

NTAS 2010 @ ERAUNTAS 2010 @ ERAU

HistoryHistory

Cirrus founded in 1984 Developed VK-30 kit plane in 1988 Began development of ST50 in 1992 Production SR20 deliveries begin July 1999 Cirrus expands product line with SR22 certification in November

2000 Crescent/FIIB financing complete August 2001 July 2002 production reaches 2/day July 2004 production rate increased to 12/week February 2006 production rate increased to 14/week Cirrus Vision “the-jet” introduced June 2007 Cirrus Perspective avionics suite introduced May 2008 Cirrus Flight Into Known Ice (FIKI) introduced April 2009

Cirrus Development HistoryCirrus Development History

1988 1990 1992 1994 1996 1998 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

VK30 Development

ST50 Development

VK30 Production

TUAV Program

SR20 Development

SR22 Production

SR22 Dev. SR22 Cert.

SR20 Production

SR20 G.W.I

SR22-G2 Prod.

PFD Intro.SR22-G2 Dev.

SR22-G2 Cert.

Kit Aircraft Multiple Certified Aircraft

GTS Intro.

Mode S

XM In-flightEntertainment

XM Weather

Airbag Seatbelts

SR22-Turbo

SR22-G3

SR20 FAACertification

Vision SF50

Cirrus Perspective

TAWS

FIKI

Duluth Customer Center Built in 2002 Total sq/ft 70,671 Office – 20,754 sq ft Production – 49,917 sq ft

Cirrus FacilitiesCirrus Facilities

Duluth Production Facility

Minnesota:

Duluth Customer Center

Grand Forks Facility169,500 sq/ft

195, 201 sq/ft

70,671 sq/ft

Total all locations: 435,372 sq ft

Grand Forks Facility Built in 1997 Expansion in 2006 Total sq/ft 169,486 Office – 10,050 sq ft Production – 159, 436 sq ft

Duluth Production Facility Built in 1993 Expansions in 1997 & 2006 Total sq/ft 195,201 Office – 35,886 sq ft Production – 15,315 sq ft

North Dakota:

Employment TrendEmployment Trend

Revised 09/09

1352

49 84

185228

577671

775838

929

1119

1994 1996 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

1194

2008

853

1013Extended

Furlough

496

566

2009

Our Cirrus TeamOur Cirrus Team

566 Total Employees

377 Duluth

73 Grand Forks

46 Regional/International

70 Furlough

Many International RepresentativesCirrus Gender

Population

85% Male 15% Female

Industry Standard 92% Male 8% Female

Cirrus Average Age38.3 years

If we can deliver the highest quality aircraft available in class, at reasonable cost, incorporating the best available safety technology, we will change the entire GA industry.

Design Criteria Safe Comfortable Easy to operate Fast and appealing

Company PhilosophyCompany Philosophy

StyleStyle PrestigePrestige IdentityIdentity

Unparalleled Unparalleled PerformancePerformance

Higher, Farther, And FasterHigher, Farther, And Faster

The High Performance The High Performance Class Leader With Its Class Leader With Its

Easy Handling And Easy Handling And Advanced TechnologyAdvanced Technology

Versatile, Rugged, And Technologically Versatile, Rugged, And Technologically AdvancedAdvanced

Yet Simple To Fly And Yet Simple To Fly And Affordable To MaintainAffordable To Maintain

SR20 SSR20 S SR20 GSSR20 GS SR20 GTSSR20 GTSGross WeightGross Weight 3050 lbs. 3050 lbs.Cruise SpeedCruise Speed 155 KTAS 155 KTASHorsepower Horsepower 200 HP 200 HPPowerplantPowerplant TCM IO-360-ES TCM IO-360-ES

Cirrus Product Line – Strong Market PerformersCirrus Product Line – Strong Market Performers

SR20SR20

SR22 SSR22 S SR22 GSSR22 GS SR22 GTSSR22 GTSGross WeightGross Weight 3400 lbs. 3400 lbs.Cruise SpeedCruise Speed 185 KTAS 185 KTASHorsepower 310 HPHorsepower 310 HPPowerplantPowerplant TCM IO-550-N TCM IO-550-N

SR22SR22

Turbo GSTurbo GS Turbo GTSTurbo GTSGross WeightGross Weight 3400 lbs. 3400 lbs.Cruise SpeedCruise Speed 219 KTAS 219 KTASHorsepower 310 HPHorsepower 310 HPPowerplantPowerplant TCM IO-550-N TCM IO-550-NTornado Alley Turbo SystemTornado Alley Turbo System

SR22 TurboSR22 Turbo

Available onAvailable onGS and GTS GS and GTS

ModelsModelsPremium Interior Premium Interior

andandExterior PackageExterior Package

X EditionX Edition

S, GS, GTS – all available with Cirrus Perspective

S: 10”/1 x AHRS/S-TEC 55SR GS: 12”/1 x AHRS/S-TEC 55X + Ice Protection + aircraft upgrades GTS: 12”/2 x AHRS/Garmin AP + Known Ice Protection + aircraft upgrades

Cirrus PerspectiveCirrus Perspective

12” MFD/PFD Screens (35% more than 10”)

Synthetic Vision Technology GCU 478 Keyboard/Controller Target fuel flow GFC700/GMC705 Digital Autopilot Go Around Button Engine/Oxygen/Anti-Ice Integration

Dual AHRS Obstacles Depiction and Pathways Destination Block Traffic Window Blue “LVL” Button Yaw Damper Redundant/Fault Tolerant

Electrical system

Growing the Cirrus Family – VISION Growing the Cirrus Family – VISION SF50SF50

VISION First Flight – July 2008VISION First Flight – July 2008

The Only Certified Aircraft with a ParachuteThe Only Certified Aircraft with a Parachute

Cirrus Airframe Parachute System (CAPS™)Safety System for Use in Life-threatening Situations

21 Deployments36 Lives Saved

Domestic and International OrdersDomestic and International Orders

255

391

650

598

564

433

315

140

25

41

83

103

196

263

190

104

8.9%

9.5%

11.3%

14.7%

25.8%

37.8%

37.6%

42.6%

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

Domestic International

Cirrus Market ShareCirrus Market Share

2007

2005

2006

2003

2002

2004

2001

2009 Year End

Cirrus 268 AC 32.7%

Cessna 306 AC 37.4%

CESSNA 37.5%

CIRRUS33.1%

CESSNA31.5%

CIRRUS30.9%

CESSNA33.9%

CIRRUS28.6%

CESSNA31.4%

CIRRUS30.7%

CESSNA31.7%

CIRRUS29.0%

CESSNA35.4%

CIRRUS27.9%

CESSNA41.7%

CIRRUS11.1%

Q1 2009CESSNA31.1%

CIRRUS32.7%

CESSNA 26.4%

CIRRUS27.9%

Amer. Champ.-2CessnaCirrus DesignDiamondMauleMooneyPiperCessna-6Piper-6Raytheon/Beech-6

2008

Q2 2009

CESSNA 33.0%

CIRRUS37.6%

Q3 2009

CESSNA 39.1%

CIRRUS33.7%

Q4 2009

CESSNA 45.6%

CIRRUS30.5%

Market Expansion ActivitiesMarket Expansion Activities

• Fleet Activity

• Western Michigan University

• Lund University

• Purdue University

• Delta Connection

• PlaneSmart

• AirShares Elite

• Air Taxi Service

• ImagineAir

Focus – Lean/Continuous ImprovementFocus – Lean/Continuous Improvement

Tool and partorganization

Optimize layout

SortStraightenShineStandardizeSustainSafety

Current State

0

1

2

3

45

6

7

8

9

Wing Hang Engine Rig Windshield Doors

Ho

urs

of

Wo

rk

Tech 1

Tech 2

Tech 3

Future State - 1.5/Day Capability

0

1

2

3

45

6

7

8

9

Wing Hang Engine Rig Windshield Doors

Ho

urs

of

Wo

rk

Tech 1

Tech 2

Tech 3

6.75 Takt Time

Line Balancing

6S

Air Force PartnershipAir Force Partnership

Collaborative relationship between CA and USAF• AF “Interns” practice learned skills• CA learns to “see”

Mixed Build Operation

Models: SR20,SR22, Turbo & FIKI

- Different airframe, engine & systems

Up to 30 different configurations and option packages for SR20 and SR22

Over 153 composite parts bonded together per aircraft

Over 3330 assembly parts per aircraft

Production Complexity Made to Look “Easy”Production Complexity Made to Look “Easy”

Integrated Design & ManufacturingIntegrated Design & Manufacturing

Internal tool design and fabrication

Duluth Assembly/FinishDuluth Assembly/Finish

Streamlined Assembly Process

990

190

402478

549616

721 710

549

268

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 20092/day 3/day 4/day

We will continue to drive market demand

Cirrus Delivery GrowthCirrus Delivery Growth