creators of the kodiak quest aircraft company november 5, 2015

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CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

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Page 1: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

CREATORS OF THE KODIAK

Quest Aircraft CompanyNovember 5, 2015

Page 2: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

1998 – Co-visionaries, Tom Hamilton & David Voetmann and former CEO of Alaska Airlines, Bruce Kennedy

COMPANY HISTORY

Page 3: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

May 2001 – Quest Aircraft Company launched with a staff of 14.

October 2002, facility dedicated

2005 Quest expanded to its current 84,000 sq. ft.

2015 expanding to 110,000 square feet and 300 employees

Page 4: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

ONE AIRCRAFT, MANY MISSIONS

Amphibious (Floats)Commercial / Cargo

Jump OperationsFleet Operations

Personal Use

Page 5: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

PERFORMING HUMANITARIAN WORK AROUND THE WORLD

Page 6: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Current Market Conditions

Page 7: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

General Aviation Aircraft Shipment Record for 2015

Aircraft Shipments - Manufactured Worldwide Q1 Q2 Q3 Q4

Single-Engine Turboprops 91 100 N/A 0Multi-Engine Turboprops 25 30 N/A 0

Total Airplanes 116 130

Aircraft Shipments - Manufactured in United States Q1 Q2 Q3 Q4

Single-Engine Turboprops 72 73 N/A 0Multi-Engine Turboprops 25 30 N/A 0

Total Airplanes 97 103

Domestically and Internationally the US dollar is strong. However, it can affect sales in regions such as Central and South America & Asia.

Page 8: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Quest 2015 Aircraft Deliveries vs. Cessna Caravan

Textron Aviation Shipments - Q1 Q2 Q3 Q4Caravan 675 0 3 N/A N/A

Total Shipments: 3

Quest Aircraft Co., Shipments - Q1 Q2 Q3 Q4Kodiak 100 5 7 8 3

Total Shipments: 23

Page 9: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

General Aviation Impact Study

• Total economic output in the United States is $220 billion.

• General Aviation Industry supports over 1.1 million jobs in the United States.

• Total amount of labor income supported by general aviation in the U.S. is $70 billion.

• California, Texas & Florida: top three states in total U.S. Gross Domestic (GDP) impact in general aviation.

• Kansas, Connecticut & Georgia: top three states in total economic output, as a percent of total economic output in the state.

• Kansas, Connecticut & Alaska: top three states in the total number of jobs, as a share of statewide employment.

Page 10: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Idaho General Aviation Impact Study

Idaho is one of lowest states, nationally, in General Aviation jobs, total economic output & GDP impact.

• Total Economic output rank: 46• Employment Growth rank: 10• Avg. Aerospace salary $59,927

• $10k above the state average

Aerospace Manufacturing Attractiveness Rankings / Idaho: • Tax rank: 21• Operating cost: 6• Industry rank: 29• Education rank: 43• Overall rank: 27

(Information by Randy Shumway, Zions Bank Advisor, 25 May 2015, IDAHO Politics Weekly)

(Information from Pratt & Whitney April 2015)

Page 11: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Quest Aircraft Company Local Economic Impact

2014

• Quest purchased $3.4 million in Idaho based goods and services.

• Locally, the impact was $3.2 million.

2015 YTD

• Quest has purchased $3 million in Idaho based goods and services.

• Locally, the impact is $2.7 million.

• The total amount of wages paid is $7 million.

• 2015 total economic impact, locally, will be $13 million.

Page 12: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Foreign Certifications

Validation Complete

Validation In Process

The KODIAK 100 is currently certified in 30 countries across the globe, with Japan, EASA, and New Zealand in process

Page 13: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Future

Page 14: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Production Growth Strategy – Phase I

Items highlighted in pink will be relocated into the new building expansion.

Page 15: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Production Growth Strategy –Phase I

Expansion adds 27,000 sq. ft., to the production facility.

Increases area of Inventory, Sub Assembly, Shipping & Receiving, and Receiving Inspection to support current need and allow for future growth.

Enables expansion of second assembly lines in Stages 4-7.

Current Production

Page 16: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Production Growth Strategy

• Phase I creates space required to implement a second production line in the shortest possible timeframe.

• Phase II (250,000 sq. ft.) addresses long term needs for Quest to continue to succeed and grow going forward– Major, minor & sub assembly areas– Completion centers– On site Paint shop– Aircraft Delivery centers– Research and Development areas

• It will be imperative to get State, County & Local assistance to ensure our growth.

Page 17: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Production Growth Strategy – Phase II

• Quest has 1433 ft of runway frontage associated with 30.7 Acres of land.• Phase II plans will take advantage of Quest’s available footprint

Page 18: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Planned Growth Areas

Assemblers Quality Inspectors Tooling Makers Business Analyst Finance Technical Writers Customer Support

Training NeedsPTECHNICScholarships

Paint Technology Electrical Assembly Quality Control Powerplant Maintenance Airframe Assembly

Page 19: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

AFFORDABLE HOUSING

We have employees coming from• Newport• Priest River• Hayden• Coeur d’Alene• Post Falls• Liberty Lake• Bonners Ferry

TRANSPORTATION

No-cost shuttle from other communities

Page 20: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Idaho Statute 63-3622GGSales tax exemption for some aircraft and aircraft parts

Set to expire June 30, 2016

Page 21: CREATORS OF THE KODIAK Quest Aircraft Company November 5, 2015

Questions