Avation Plc · LSE:AVAP
Avation — Corporate Update (November 2025)
18 slides from Avation's corporate update, November 2025
Slide 1: Corporate Update November 2025
Equity AVAP.L Warrants AVAW.L Corporate Update November 2025
Slide 2: Important Notice
Important Notice Some of the statements in this presentation constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. These forward-looking statements reflect the Company’s current intentions, plans, expectations, assumptions and beliefs about future ev
Slide 3: Snapshot (at 31 October 2025)
Snapshot (at 31 October 2025) 8%/63%/29% 32 15 Airline Customers in Aircraft Customers 14 Countries Widebody/Narrowbody /Turboprop by value 8.9 Years 4.1 Years US$1.1Bn US$327M Average Average Remaining Unearned contracted Aircraft Age Lease Term Total asset value (1) revenues 1.As at 30 June 2025.
Slide 4: Portfolio
Portfolio Balanced fleet with Orderbook and Purchase Rights Aircraft Type By Net Book Value Purchase Aircraft Type Fleet Orders Rights Turboprop Aircraft ATR 72-600 13 10 24 ATR 72-500 4 - - Narrowbody Aircraft A321-200 6 - - A320-200 3 - - A220-300 5 - - Widebody Aircraft A330-300 1 - - Aircraft To
Slide 5: A full leasing platform & proven track record
A full leasing platform & proven track record Speedy turnaround and credit improvement since the Proven expansion and monetisation track record pandemic PRE-COVID COVID SWIFT RECOVERY POST PANDEMIC • 10x ATR orders to be delivered between 4Q25 to 2Q28 • ATR aircraft purchase rights to purchase an ad
Slide 6: Customers
Customers 15 Airlines in 14 Countries Airline Aircraft Number Vietjet A321-200 6 Air Baltic A220-300 5 Aerlink ATR 72-500 3 Mandarin ATR 72-600 3 Alliance Air ATR 72-600 2 Braathens ATR 72-600 2 US Bangla ATR 72-600 2 Cebu Pacific ATR72-600 1 Cebu Pacific A320-200 1 EVA Air A330-300 1 easyJet A320-2
Slide 7: Recent highlights
Recent highlights • Issued a US$300m unsecured bond due 2031 and redeemed the US$298m unsecured bond due 2026. • Improved credit ratings: Moody’s B1, Fitch B, S&P B • B777-300ER aircraft sold in September 2025 realising a US$4.1m gain on sale. • 3x ATR72-600 being returned from Mandarin Airlines are
Slide 8: Orderbook and Purchase Rights
Orderbook and Purchase Rights Orderbook • 10 ATR72-600 on order for delivery between Q4 2025 and Q2 2028. • Market value $23 million per aircraft. (1) • All aircraft feature latest PW127-XT engines and are expected to be 100% SAF compatible. Purchase Rights • 24 purchase rights for additional ATR72-
Slide 9: Loan maturity profile
Loan maturity profile avation PLC Loan maturities 350 328 300 250 $M 200 150 126 100 44 43 50 “ ° . . a 2026 2027 2028 2029 2030 2031 2032 @ Secured loans ™ Unsecured
Slide 10: Lease expiry profile
Lease expiry profile avation PLC Lease Expiry 9 8 7 # ayy pa Y ies <x we oO 5 = oO - a 2 3 2 i 10) 7 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031 FY2032 @ ATR72-500 @ ATR 72-600 A 320-200 ™A 321-200 ™ A220-300 @ A 330-300 10
Slide 11: Outlook - aircraft financing and leasing market
Outlook - aircraft financing and leasing market Annual removal rates have decreased Demand for aircraft is as good as it has ever been Annual removal rate from passenger fleet Passenger Fleet Evolution by Aircraft Class 3.5% Half of 60,000 CAGR: 2.7% 3.0% normal rate 50,000 2.5% 40,000 2.0% 30,000 1
Slide 12: Favourable leasing environment with strong demand
Favourable leasing environment with strong demand Aircraft lessors are set to benefit from strong growth in Avation’s diversified fleet is strategically aligned with global air travel anticipated demand for aircraft Global RPKs (trillions) Cumulative demand of new aircraft from 2025 - 2044 12 RPKs n
Slide 13: Upward Trend In Market Values
Upward Trend In Market Values Market values for popular aircraft types have increased due to supply chain issues, improved demand for air travel etc. 10-year old aircraft (1) 35 30 25 20 15 10 5 0 ATR 72-600 A320-200 A321-200 A330-300 2023 2024 2025 1. Half-life condition, basic configuration, lease
Slide 14: Company vision and growth strategy
Company vision and growth strategy Viable strategy with strong execution capabilities • Refinance secured loans to generate liquidity Optimise capital structure • Release restricted cash from surplus Maintenance Reserves (“MRs”) • Trade out of older aircraft opportunistically and reinvest in newer a
Slide 15: Avation PLC
avation PLC 15
Slide 16: ATR Replacement Opportunity
ATR Replacement Opportunity over retirement age Many older regional aircraft need replacing 16
Slide 17: Conclusion
Conclusion Bond maturity extended to 2031 Improved credit ratings New airline customers acquired Fleet de-risked by selling B777 widebody Orderbook and purchase rights provide growth opportunity 17
Slide 18: Contacts
Contacts Avation PLC 65 Kampong Bahru Road Singapore 169370 Phone: + 65 6252 2077 www.avation.net Jeff Chatfield Iain Cawte Ashley Nicholas Duncan Scott Executive Chairman Chief Financial Officer Director – Corporate Finance Group General Counsel jeff@avation.net iain@avation.net ashley@avation.net