Volato Group, Inc. · AMEX:SOAR
Volato — Q1 2024 Earnings Presentation
13 slides from Volato's earnings presentation, May 15, 2024
Slide 1: Q1 2024 Earnings
Ytttij Customer Designed, Modern, and Efficient Q1 2024 EARNINGS MAY 15, 2024 NYSE: SOAR
Slide 2: Disclaimer
Disclaimer Disclosure Regarding Forward-Looking Statement ‘Some statements in this Presentation may be considered “forward-looking statements” for purposes of the Federal securities laws. Forward-looking statements generally relate to management's current expectations, hopes, beliefs, intentions, st
Slide 3: Disclaimer (Cont'd)
Disclaimer (Cont'd) Use of Projections This Presentation contains financial forecasts for Volato with respect to certain financial results of Volato. Volato’s independent auditor has not audited, studied, reviewed, compiled, or performed any procedures with respectto the projections for the purpose
Slide 4: Key Q1 2024 Highlights
Key Q1 2024 Highlights ¥ Grew flight hours 35% and blended yield 8% year-over-year in the first quarter of 2024 v Achieved demand mix of 50% owner and 50% program & ad hoc in the first quarter, reflecting strong demand and contributing to blended yield vy Expect delivery of 8-10 HondaJets and two Gu
Slide 5: Volato: Highly Scalable and Cash-Generating Business Model
Volato: Highly Scalable and Cash-Generating Business Model Volato secures fleet aircraft orders from top-tier OEMs, which are then sold, often prior to delivery, through fractionalizing. Subsequently, the company operates these aircraft on 5-year contracts, aiming to maximize their utilization and p
Slide 6: Volato's Fleet: Historical Floating HondaJet Fleet Growth
Volato’s Fleet: Historical Floating HondaJet Fleet Growth In a tight aircraft delivery market, Volato has secured significant firm orders and has been able to grow its fleet rapidly. Volato has 22 HondaJets on firm order, to be delivered prior to 2026. 30 25 24 20 20 18 15 6 14 10 10 Qi 2022 22022 Q
Slide 7: Financial Information
FINANCIAL INFORMATION ZZ
Slide 8: Volato Financial Performance At-a-Glance
Volato Financial Performance At-a-Glance 1 2 3 Recurring Revenue Aircraft Sales Revenue” ™ Other + Recurring revenue continues to grow quarter over quarter, with 72% growth in Q1 2024 versus Q1 2023. $28.4M + Recurring revenue and stam aircraft sales revenue are expected to grow with the expansion o
Slide 9: Clear Path To Profitability: Through a Continued Focus on Strong Execution
Clear Path To Profitability: Through a Continued Focus on Strong Execution 2024 is a pivotal year as Volato is positioned to benefit from several maturing strategic initiatives, earning substantial margin from new aircraft deliveries, and unlocking operational efficiencies through the network effect
Slide 10: Clear Path To Profitability: Generating significant cash flow by growing fleet in 2024
Clear Path To Profitability: Generating significant cash flow by growing fleet in 2024 Volato is anticipating between 10-12 aircraft to be delivered in 2024 Hondavet Elite Il Gulfstream G280s i —\ ie ~~ + 8to 10 planes to be added in 2024 + Two planes to be added in 2024 + Deliveries expected throug
Slide 11: Key Performance Indicators: Trending positively through strategy implementation
Key Performance Indicators: Trending positively through strategy implementation Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Total Flight Hours 1,199 1,307 1,712 2,103 2,919 2,747 3,504 2,926 Empty Percentage A1% 40.2% 39.0% 41.2% 39.6% 36.6% 37.9% 35.1% Demand Mix: Owner 88% 80%
Slide 12: Volato Group: Investment Highlights
Volato Group: Investment Highlights Focused on the largest market segment; Light Jets. + Team with both deep aviation industry experience and from the technology industry. * Capital-light strategy combines fractional ownership with higher-yield non-owner flight operations + Multiple product offering
Slide 13: Slide 13