Aercap Holdings N.v. · NYSE:AER
Aercap — Q1 2025 Earnings Presentation
18 slides from Aercap's earnings presentation, Apr 30, 2025
Slide 1: AerCap Holdings N.V. 1Q 2025 Financial Results
AERCAP | , “RS we UARTER ~ 2025/FINANCIAL AERCAP HOLDINGS N.V.
Slide 2: Forward-Looking Statements and Non-GAAP Financial Information
FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements’. In some cases, forward-looking statements ca
Slide 3: Key Highlights
KEY HIGHLIGHTS AERCAP ! © AerCap Strong 1Q 2025 Results: GAAP EPS of $3.48, Adjusted EPS of $3.68 $683 Million of Sales in 1Q 2025; 35% Gain-on-Sale Margin, 2.3x Book Equity Multiple Upgraded to BBB+ by Fitch; Now Rated BBB+ by All Three Major Rating Agencies Raising 2025 Adjusted EPS Guidance to $9
Slide 4: Significant Activity Across All Business Lines
SIGNIFICANT ACTIVITY ACROSS ALL BUSINESS LINES @ ahs Ey ENGINES AIRCRAFT HELICOPTERS TOTAL TRANSACTIONS TRANSACTIONS TRANSACTIONS TRANSACTIONS 42 51 19 LEASED LEASED LEASED LEASED 35 i) 1 PURCHASED PURCHASED PURCHASED PURCHASED 11 29 SOLD SOLD © AerCap
Slide 5: 1Q 2025 Net Income Walk
1Q 2025 NET INCOME WALK 1Q 20 djusted Net Income Increase Net income of $643 million, or $3.48 per share Decrease Adjusted net income of $6 = § = 6 “We E 43 (6) million, or $3.68 per share Purchase accounting adjustments include: $27 million related to lease premium amortization affecting basic leas
Slide 6: Strong Liquidity Position
STRONG LIQUIDITY POSITION Sources vs. Uses (Next 12 Months) (as of March 31, 2 Adjusted leverage ratio of 2.4x = 2 prommonnmmnnsnnnnnsnnsscccccsaas > 1Q 2025 operating cash flow 5 18 ' | of $1.3 billion 2, ' Excess H om ! lisa ' Secured debt-to-total-assets ratio of ~12% 12 ~$2 Ln ! 10 Average cost
Slide 7: Raising Full-Year 2025 Guidance
RAISING FULL-YEAR 2025 GUIDANCE Key drivers of outperformance st10 include: ~$9.30 - $10.30 . $10.00 > 1Q 2025 gains on sale of $177 $9.00 million $8.00 ; . Higher net maintenance $7.00 her contribution $6.00 $8.50 - $8.50- $5.00 eau GaED Higher other income $4.00 Not Including Not Including Any Gai
Slide 8: Q&A
Slide 9: Supplemental Information
Slide 10: 1Q 2025 Adjusted Net Income and EPS Reconciliation
1Q 2025 ADJUSTED NET INCOME AND EPS RECONCILIATION ($ million, except per share amounts) Net Income Earnings Per Share ($) Net Income / Earnings Per Share $643 $3.48 > Amortization of Maintenance Rights and Lease Premium Assets Recognized F 43 0.23 under Purchase Accounting > Income Tax Effect (6) (
Slide 11: 1Q 2025 Financial Drivers
1Q 2025 FINANCIAL DRIVERS Basic lease rents were $1,649 million, and were negatively impacted by $27 million of lease premium amortization Maintenance rents and other receipts were $146 million, and were negatively impacted by $9 million of maintenance rights assets amortized to revenue Net gain on
Slide 12: Full-Year 2025 Adjusted EPS Guidance
FULL-YEAR 2025 ADJUSTED EPS GUIDANCE (§ billion, except per share amounts) Fee egy eee Net Income $1.5 > Amortization of Maintenance Rights and Lease Premium Assets Recognized under Purchase 03 Accounting : > Income Tax Effect (0.1) Adjusted Net Income $1.8 Adjusted Earnings Per Share $9.30 - $10.30
Slide 13: Book Value Per Share
BOOK VALUE PER SHARE (million, except per share data) Mar. 31, 2025 Total Shareholders’ Equity $17,192 Ordinary Shares Outstanding 181.3 Unvested Restricted Stock (4.7) Ordinary Shares Outstanding (excl. Unvested Restricted Stock) 176.6 Book Value Per Share $97.37 See Supplemental Information - Endn
Slide 14: Capital Structure
CAPITAL STRUCTURE Adjusted Debt/Equity Calculation ($ million) Mar. 31, 2025 Dec. 31, 2024 Debt $46,187 $45,295 Adjusted for: > Unrestricted cash & cash equivalents (1,057) (1,209) > 50% equity credit for long-term subordinated debt (1,125) (1,125) Adjusted Debt 44,006 42,960 Equity 17,192 17,185 Ad
Slide 15: High-Quality & Well-Diversified Portfolio
HIGH-QUALITY & WELL-DIVERSIFIED PORTFOLIO New technology aircraft comprise 75% of aircraft fleet AIRCRAFT TYPE NUMBER OF ASSETS OWNED %NET BOOK VALUE NUMBER OF ASSETS MANAGED —_ NUMBER OF ASSETS ON ORDER Airbus A220 Family 19 1% 6 = 25 Airbus A320neo Family 42 31% 24 135 580 Airbus A320 Family 377 T
Slide 16: Forward Orders and Purchase/Leasebacks
FORWARD ORDERS AND PURCHASE/LEASEBACKS AIRCRAFT TYPE 2025 2026 2027 2028 2029 THEREAFTER TOTAL Airbus A320neo Family 18 38 39 29 11 - 135 Boeing 737 MAX 23 37 46 7 - - 113 Boeing 787 1 11 S) - - - 15 Embraer 195-E2 12 3 - - - - 15 Other - - - - - 5 5 Grand Total 82 124 98 36 11 5 The engines on orde
Slide 17: Endnotes
ENDNOTES SLIDE 5: 10 2025 Net Income Walk Purchase accounting adjustments consist of the amortization of maintenance rights and lease premium assets recognized under purchase accounting. SLIDE 6: Strong Liquidity Position Cash Capex includes expected cash payments for aircraft deliveries and pre-del
Slide 18: AerCap
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