Slide 1: Q2 2025 Earnings Review
flyExclusive, Inc. Q2 2025 Earnings Review August 13, 2025 1
Slide 2: Disclaimers & Other Important Information
DISCLAIMERS & OTHER IMPORTANT INFORMATION FORWARD-LOOKING INFORMATION. This Presentation contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to flyExclusive the products and services offered by flyExclusive and the markets in which it opera
Slide 3: Who We Are
WHO WE ARE Trusted partner in private travel, providing our clients with curated jet experiences that anticipate their needs for comfort and style World-class private aviation company providing a reliable travel experience and exclusive customer benefits Product suite serves range of client needs wh
Slide 4: Q2 2025 Performance: Executive Summary
Q2 2025 PERFORMANCE I. EXECUTIVE SUMMARY 4
Slide 5: Q2 2025 Performance: Revenue and Gross Profit
Q 2 2 0 2 5 (1) P E R F O R M A N C E A T A G L A N C E Fleet Refresh and Continued Operating Efficiencies leading to top- and bottom-line improvements Revenue Gross Profit & Margin Charter Fractional Sales MRO +16% +119% +14% in flight revenue 15% $91.3 $79.0 +79% in fractional revenue +28% in MRO
Slide 6: Q2 2025 Performance: Adjusted EBITDA and EBITDAR
Q 2 2 0 2 5 (1) P E R F O R M A N C E A T A G L A N C E Fleet Refresh and Continued Operating Efficiencies leading to top- and bottom-line improvements Adjusted EBITDA (2) Adjusted EBITDAR (2) $(0.3) $(5.2) +72% improvement in Adjusted -5.7% EBITDA margin $(16.0) $(11.4) 6% YoY reduction in SG&A exp
Slide 7: Fleet Refresh Execution...
FLEET REFRESH EXECUTION... Removed 24 non-performing aircraft over the past 12 months Non-Performing Aircraft Encore X SOV GIV Removal of three non-performing 37 aircraft during Q2 Operating loss reduced to $500K per month from over $3M monthly at beginning of 2024 13 Continued progress towards mid-
Slide 8: ...Leads to Improved Utilization
…LEADS TO IMPROVED UTILIZATION Fleet Refresh resulting in improved utilization and more efficient fleet Aircraft Generating Revenue Flight Hours (10%) +12% 10% reduction in the fleet with the continued elimination of non- 96 18,605 performing aircraft 86 Flight Hours & Revenue increased due 16,570 t
Slide 9: Retail Customer and Sales Performance
Q 2 2 0 2 5 (1) P E R F O R M A N C E A T A G L A N C E Retail Customer and Sales Performance Retail Members (2) Retail Sales – Jet Club Retail Sales - Fractional +9% +26% +24% $26.5 952 871 $21.0 $10.9 $8.8 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 (1) Consolidated results of flyExclusive, Inc. for the three-
Slide 10: YTD 2025 Performance: Executive Summary
YTD 2025 PERFORMANCE I. EXECUTIVE SUMMARY 10
Slide 11: YTD 2025 Performance: Revenue and Gross Profit
Y T D 2 0 2 5 (1) P E R F O R M A N C E A T A G L A N C E Fleet Refresh and Continued Operating Efficiencies leading to top- and bottom-line improvements Revenue Gross Profit & Margin Charter Fractional Sales MRO +13% +109% +12% in flight revenue 14% +89% in fractional revenue $179.5 $159.0 +24% in
Slide 12: YTD 2025 Performance: Adjusted EBITDA and EBITDAR
Y T D 2 0 2 5 (1) P E R F O R M A N C E A T A G L A N C E Fleet Refresh and Continued Operating Efficiencies leading to top- and bottom-line improvements Adjusted EBITDA (2) Adjusted EBITDAR (2) $(1.3) $(11.6) +71% improvement in Adjusted -6.5% EBITDA margin $(35.4) 12% reduction in SG&A expense res
Slide 13: ...Leads to Improved Utilization
…LEADS TO IMPROVED UTILIZATION Fleet Refresh resulting in improved utilization and more efficient fleet Aircraft Generating Revenue Flight Hours (10%) +9% 10% reduction in the fleet with the continued elimination of non- performing aircraft Flight Hours & Revenue increased due to a more efficient fl
Slide 14: Retail Customer and Sales Performance
Y T D 2 0 2 5 (1) P E R F O R M A N C E A T A G L A N C E Retail Customer and Sales Performance Retail Members (2) Retail Sales – Jet Club Retail Sales - Fractional +32% +26% +69% 1,077 $55.4 $22.2 816 $44.1 $13.2 YTD24 YTD25 YTD24 YTD25 YTD24 YTD25 (1) Consolidated results of flyExclusive, Inc. for
Slide 15: Appendix
APPENDIX I. EXECUTIVE SUMMARY 15
Slide 16: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION EBITDA, Adjusted EBITDA, and Adjusted EBITDAR (1)(2) Six Months Ende d June 30, Thre e Months Ende d June 30 2025 2024 2025 2024 Net loss $ (39,176) $ (60,844) $ (16,129) $ (27,854) Add (deduct): 0 0 Interest income (939) (2,440) (236) (1,162) Interest expense 9,817 10,321 4,
Slide 17: Don't
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