Aercap Holdings N.v. · NYSE:AER
Aercap — Conference Presentation (June 2023)
18 slides from Aercap's conference presentation, June 2023
Slide 1: AerCap Holdings N.V. June 2023
AERCAP | “G AVIATION : — “CONFE ENCE N AERCAP HOLDINGS N.V. JUNE 2023
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: Today's Presenter
TODAY'S PRESENTER Peter Juhas Chief Financial Officer AERCAP | © AerCap - Confidential property of the company, not for disclosure or use without permission
Slide 4: AerCap Highlights
AERCAP HIGHLIGHTS Track record of best-in-class execution and clear runway to capitalize on favorable industry dynamics AerCap - The global leader in aviation leasing Favorable leasing environment driven by continued supply/demand imbalance AERCAP | Best-in-class platform focused on execution and ca
Slide 5: The Global Leader in Aviation Leasing
THE GLOBAL LEADER IN AVIATION LEASING AerCap is the World's Largest Lessor with Total Lease Assets of ~$60 Billion Helicopters Customers ca ) une AVOLONY @ kes wa © socaviarion LEASING MARKET SHARE BY FLEET SIZE See Supplemental Information - Endnotes. © AerCap - Confidential property of the company
Slide 6: Positive Impact of Global Traffic Recovery
POSITIVE IMPACT OF GLOBAL TRAFFIC RECOVERY Global passenger traffic has largely recovered and demand for travel remains strong tal Daily Flights as a % of 2019 by Region 110% Global air travel is at 88% of 2019 levels and has recovered across all regions 100% Domestic RPKs are back to pre-Covid leve
Slide 7: Supply Chain Issues Expected to Persist
SUPPLY CHAIN ISSUES EXPECTED TO PERSIST Airframe OEMs have set aggressive However, new engines are coming off targets for production rate increases wing much earlier than expected Production Rate Increases Longer MRO Backlogs Increased overhaul activity and parts shortages are lea longer backlogs at
Slide 8: AerCap Platform Focused on Successful Execution
AERCAP PLATFORM FOCUSED ON SUCCESSFUL EXECUTION AerCap executed 252 transactions in 1Q 2023, driven by our superior platform and focus on execution PURCHASING POWER AerCap’s ~$60 billion Sm fleet was created an through opportunistic OEM purchase orders and large M&A transactions at deep discounts .
Slide 9: Sales Activity Supported by Broad Buyer Base
SALES ACTIVITY SUPPORTED BY BROAD BUYER BASE Aircraft sales validate our approach to depreciation, acquisition and portfolio management Quarterly Sales Volumes ($ million) Sales Volume ($) by Buyer Type $1,000 100% $900 90% $800 80% $700 70% Feb-20: Mar-21: Nov-21: , = $600 A320ne0 GECAS GECAS 60% O
Slide 10: Proven Business Model Resilience
PROVEN BUSINESS MODEL RESILIENCE Strong credit profile maintained throughout the most extreme stress tests Adjusted Debt to Equity Ratio! Secured Debt / Total Assets 34x 30% 3.2x 25% 3.0x 20% 2.8x 2.6x. 15% 24x 10% 2.2« 5% 2.0x 0% ee ot) Eo Eee) ier moa sa22 ila 1018 4018 3019 2020 1021 4021 3a22 [R
Slide 11: Strong Investment Grade Ratings
STRONG INVESTMENT GRADE RATINGS Following upgrades from Moody's and Fitch, AerCap holds mid-BBB ratings from all three major rating agencies Ratings S&P upgrades AerCap toBBB Moody's upgrades AerCap to Baad Fitch upgrades AerCap to BBB= © AerCap - Confidential property of the company, not for disclo
Slide 12: 2023 Full Year Outlook
2023 FULL YEAR OUTLOOK Strong air travel recovery and ongoing supply/demand imbalance driving positive performance in 2023 als a ~$7B of cash capex ~$5B of operating cash flow and ~80 deliveries of ~§2.5B of asset new technology sales aircraft See Supplemental Information - Endnotes. © AerCap - Conf
Slide 13: AerCap
AERCAP | TAND STILL PROPERTY OF AERCAP ©2023
Slide 14: Supplemental Information
Slide 15: Capital Structure
CAPITAL STRUCTURE Adjusted Debt/Equity Calculation (§ million) Mar. 31, 2023 Dec. 31, 2022 Debt (including fair value adjustments) 46,296 46,533 Adjusted for: > Unrestricted cash & cash equivalents (1,089) (1,597) > 50% equity credit for long-term subordinated debt (1,125) (1,125) Adjusted Debt 44,0
Slide 16: 2023 Projected Income Statement
2023 PROJECTED INCOME STATEMENT Total Revenue $6.8 Interest Expense (1.8) Depreciation (2.5) Leasing Expenses, SG&A & Other (1.2) Total Expenses ($5.5) Pre-Tax Income $1.3 Tax Expense (Includes Income from Equity Method Investments) (0.0) GAAP Net Income $1.2 Purchase Accounting Adjustments (After-T
Slide 17: Endnotes
ENDNOTES SLIDE 5: THE GLOBAL LEADER IN AVIATION LEASING Total lease assets of approximately $60 billion refers to AerCap's longulived assets, including flight equipment held for operating leases, flight equipment held for sale, investment in finance leases, net and maintenance rights assets as of Ma
Slide 18: Thank You
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