DRIVING

GROWTH & PROFITABILITY

A Global Leader in Data Visualization Technologies June 13, 2025





HIGH QUALITY & RELIABILITY

A Global Leader in Data Visualization Technologies

Develops, manufactures, and supports a broad array of specialty printers and data acquisition systems that acquire, store, analyze, and transform data in multiple formats in two segments:

AEROSPACE

PRODUCT IDENTIFICATION

  • Flight deck printers for commercial and military aircraft

  • Aircraft networking

    systems

  • Mail & Sheet Printers

  • Professional Label Printers

  • Direct-to-Package Printers

  • Desktop Label Printer

  • Flexible Packaging Printers



3





AstroNova has the Right Board to Deliver Long-Term Shareholder Value

At a Glance

DIVERSIFIED BUSINESS MODEL

$151M

Revenue in FY 2025

68% Product ID /

AstroNova's Board

Proven history of driving growth

Highly relevant operational & executive expertise

International, governance, legal, sales, and corporate strategy knowledge

Public company

leadership experience

Majority independent

Askeladden's Nominees

Unproven team

Plans to overreach into operational roles

Lack of leadership or operational expertise

Lack of public company experience

Activist upstarts with history of failed campaigns

Threaten to disrupt progress

32% Aerospace

RESILIENT REVENUE STREAM & STICKY CUSTOMER BASE

71%

Recurring Revenue* in FY25

Founded in 1969

HQ: West Warwick, RI

Aerospace

Product ID

WORLDWIDE PRESENCE

150+

Countries

441

People Globally

Public in 1983

Nasdaq: ALOT



*Recurring revenue is a non-GAAP financial measure. Further information can be found under "Non-GAAP Financial Measures." See the reconciliation of GAAP financial measures to non-GAAP financial measures in the

supplementary information tables following this presentation. 4



BOARD OF PROVEN LEADERS

VS.

UNQUALIFIED ACTIVIST UPSTARTS



Table of Contents 1

AstroNova's Strategy

and Proven Results

2

Askeladden's Campaign Disrupts Progress

3

The Right Board, The Right Strategy, The Right Execution

PAGES 1 - 22

  • Executing strategy to drive growth and

    improved profitability

  • Built strong foundation for the future with a track record of growth

  • Decisive actions taken

  • Critical inflection point for the business

  • Recent results demonstrate progress

  • Launching next-generation Product ID solutions to expand addressable markets

  • Successful transition to company's higher-margin ToughWriter® aerospace printers

PAGE 23 - 28

  • Pursuing costly and distracting

    campaign at a critical inflection point

  • Board overreach into daily operations

  • Nominees are unqualified and lack understanding of business complexity

  • Plan is highly likely to disrupt customer and supplier relationships

  • Plan based on inaccurate assessment

PAGES 29 - 37

  • Highly experienced board with unusual breadth of knowledge for small cap company

  • Strong governance culture and structure

  • Leading change:

    • Realigned organizational structure to drive higher levels of accountability

    • Driving debt reduction and cash generation improvements

    • Positioned for strong future growth and improved profitability



5





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AstroNova Inc. published this content on June 13, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 13, 2025 at 23:06 UTC.