Volato Group, Inc. · AMEX:SOAR
Volato — Q4 2023 Earnings Presentation
17 slides from Volato's earnings presentation, Mar 26, 2024
Slide 1: Q4 2023 Earnings
Ytttij ENJOY FLYING MORE Q4 2023 EARNINGS MARCH 26, 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 Q4 and Full Year 2023 Highlights
Key Q4 and Full Year 2023 Highlights ¥ Completed business combination with PROOF Acquisition Corp | in Q4 2023 resulting in public listing. * Raised over $40 million of total new capital throughout 2023 v Increased the size of Volato’s floating fleet to 24 HondaJet Ils in FY 2023 * Expect delivery o
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: Private Aviation: A Large and Fast-Growing Market with Favorable Tailwinds
Private Aviation: A Large and Fast-Growing Market with Favorable Tailwinds Shifts in Work/Life Balance + Flight and travel purpose patterns have permanently changed + COVID-19 introduced private aviation to new customers Capacity Constraints + Significant OEM backlogs for new deliveries + Low invent
Slide 7: Volato's Fractional Program: A More Profitable & Lower Risk Model
Volato’s Fractional Program: A More Profitable & Lower Risk Model for Volato; the Operator Awin-win business model for Volato and fractional owners, that provides Volato a cost-effective financing source for fleet availability. Asset light business model Fractional owners enter 5-year management con
Slide 8: Volato's fractional model incentivizes owners to acquire a larger share than required
• • Volato’s fractional model incentivizes owners to acquire a larger share than required by anticipated usage, providing Volato excess aircraft availability ~70% compared to the traditional industry average of 5-10%1 per year per Fractional Aircraft. • • •
Slide 9: Volato's Fleet: The HondaJet Unit Economics
Volato’s Fleet: The HondaJet Unit Economics Unique business model provides multiple recurring revenue streams and profitable flight operations. Each aircraft acquired is providing a layered stream of annuities. HONDA r = Initial Annual . Annual 5-Year q Aircraft | Management|. Flight R i eA == nga S
Slide 10: 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. 25 20 rs Qi 2022 a2 2022 “4 : @3 2022 4 2022 =
Slide 11: Financial Information
FINANCIAL INFORMATION ZZ
Slide 12: 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 162% annual growth in 2023 over 2022. $31.5M $28.4M $4.2 + Recurring revenue and aircraft sales revenue are expected to grow with the expa
Slide 13: 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 14: 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 10-14 aircraft to be delivered in 2024 Hondavet Elite Il Gulfstream G280s i —\ ie ~~ + 8to 10 planes to be added in 2024 + 2to 4 planes to be added in 2024 + Deliveries expected thro
Slide 15: Key Performance Indicators: Trending positively through strategy implementation
Key Performance Indicators: Trending positively through strategy implementation Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Total Flight Hours 813 1,199 1,307 1,712 2,103 2,919 2,747 3,504 Empty Percentage 38.0% 1% 40.2% 39.0% M.2% 39.6% 36.6% 37.9% Demand Mix: Owner 91% 88% 80%
Slide 16: 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
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