Aercap Holdings N.v. · NYSE:AER

Aercap — Q1 2026 Earnings Presentation

18 slides from Aercap's earnings presentation, 2026

  1. Slide 1: First Quarter 2026 Financial Results

    FIRST QUARTER 2026 FINANCIAL RESULTS AERCAP HOLDINGS N.V .

  2. 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 As a result, we cannot assure you that the forward -looking statements included in this presentation performance and events . These statements

  3. Slide 3: Key Highlights

    KEY HIGHLIGHTS Strong 1Q 2026 Results: GAAP EPS of $4.96, Record Adjusted EPS of $5.39 GAAP ROE of 18% and Record Adjusted ROE of 19% for 1Q 2026 $1.5 Billion of Sales; 24% Gain -on-Sale Margin, 1.9x Book Equity Multiple Share Repurchases of $745 Million in 1Q ; New $1.0 Billion Program Authorized R

  4. Slide 4: Significant Activity Across All Business Lines

    SIGNIFICANT ACTIVITY ACROSS ALL BUSINESS LINES AerCap leased, purchased and sold 286 assets in 1Q 2026 ENGINES AIRCRAFT HELICOPTERS TOTAL 126 TRANSACTIONS 138 TRANSACTIONS 22 TRANSACTIONS 286 TRANSACTIONS 102 81 19 202 LEASED LEASED LEASED LEASED 20 10 2 32 PURCHASED PURCHASED PURCHASED PURCHASED 4

  5. Slide 5: 1Q 2026 Net Income Walk

    1Q 2026 NET INCOME WALK 1Q 2026 Adjusted Net Income Net income of $818 million, Increase or $4.96 per share ($ million) Decrease Adjusted net income of $889 (13) 84 million, or $5.39 per share Purchase accounting adjustments include: 889 818 $26 million related to lease premium amortization affectin

  6. Slide 6: 1Q 2026 Financial Drivers

    1Q 2026 FINANCIAL DRIVERS Basic lease rents were $1,682 million, and were negatively impacted by $26 million of lease premium amortization Maintenance rents and other receipts were $190 million, and were negatively impacted by $37 million of maintenance rights assets amortized to revenue Net gain on

  7. Slide 7: Strong Liquidity Position

    STRONG LIQUIDITY POSITION Next 12 months’ sources -to-uses coverage of 2.0x, with ~$ 21 billion sources of liquidity Sources vs. Uses (Next 12 Months) (as of March 31, 2026) Adjusted leverage ratio of 2.1x 22 1Q 2026 operating cash flow ($ billion) 20 of $1.4 billion 18 ~$5 Excess 16 Coverage Secure

  8. Slide 8: Raising Full-Year 2026 Guidance

    RAISING FULL -YEAR 2026 GUIDANCE Full -year 2026 adjusted EPS guidance increased to ~$ 14.50 , not including any additional gains on sale for 2Q - 4Q 2026 2026 Adjusted Earnings Per Share Guidance Key drivers of outperformance ~ $14.50 include: $15.00 ~$1.50 1Q’26 Gains 1Q 2026 gains on sale of $291

  9. Slide 9: Q&A

    Q&A © AerCap

  10. Slide 10: Supplemental Information

    SUPPLEMENTAL INFORMATION © AerCap

  11. Slide 11: 1Q 2026 Adjusted Net Income, EPS & ROE Reconciliation

    1Q 2026 ADJUSTED NET INCOME, EPS & ROE RECONCILIATION ($ million, except per share amounts) Net Income Earnings Per Share ($) Net Income / Earnings Per Share $818 $4.96 Amortization of Maintenance Rights and Lease Premium Assets 84 0.51 Recognized under Purchase Accounting Income Tax Effect (13) (0.

  12. Slide 12: Full-Year 2026 Adjusted EPS Guidance

    FULL -YEAR 2026 ADJUSTED EPS GUIDANCE Projected FY 2026 ($ billion, except per share amount) Net Income / EPS Net Income $1.8 Amortization of Maintenance Rights and Lease Premium Assets Recognized under Purchase 0.3 Accounting Income Tax Effect (0.0) Adjusted Net Income $2.0 Adjusted Earnings Per Sh

  13. Slide 13: Book Value Per Share

    BOOK VALUE PER SHARE (million, except per share data) Mar. 31, 2026 Total Shareholders’ Equity $18,398 Ordinary Shares Outstanding 161.7 Unvested Restricted Stock (4.0) Ordinary Shares Outstanding (excl. Unvested Restricted Stock) 157.7 Book Value Per Share $116.67 See Supplemental Information – End

  14. Slide 14: Capital Structure

    CAPITAL STRUCTURE Adjusted Debt/Equity Calculation ($ million) Mar. 31, 2026 Dec. 31, 2025 Debt $43,042 $43,565 Adjusted for: Unrestricted cash & cash equivalents (1,480) (1,379) 50% equity credit for long -term subordinated debt (1,125) (1,125) Adjusted Debt 40,437 41,061 Equity 18,398 18,323 Adjus

  15. Slide 15: High-Quality & Well-Diversified Portfolio

    HIGH -QUALITY & WELL -DIVERSIFIED PORTFOLIO New technology assets comprise 77% of total fleet AIRCRAFT TYPE NUMBER OF ASSETS OWNED % NET BOOK VALUE NUMBER OF ASSETS MANAGED NUMBER OF ASSETS ON ORDER TOTAL ASSETS Airbus A220 Family 19 1% 6 - 25 Airbus A320neo Family 424 31% 31 268 723 Airbus A320 Fam

  16. Slide 16: Forward Orders and Purchase/Leasebacks

    FORWARD ORDERS AND PURCHASE/LEASEBACKS AIRCRAFT TYPE 2026 2027 2028 2029 2030 THEREAFTER TOTAL Airbus A320neo Family 27 32 50 42 27 90 268 Airbus A330neo Family 1 5 - - - - 6 Boeing 737 MAX 34 20 15 15 3 - 87 Boeing 787 9 4 - - - - 13 Embraer E195 -E2 4 - - - - - 4 Other - - - - - 5 5 Total Passenge

  17. Slide 17: Endnotes

    ENDNOTES SLIDE 4 : Significant Activity Across All Business Lines Quarterly transactions shown are for AerCap’s owned and managed fleet excluding SES transactions. SLIDE 5 : 1Q 2026 Net Income Walk Purchase accounting adjustments consist of the amortization of maintenance rights and lease premium as

  18. Slide 18: Never Stand Still

    NEVER STAND STILL PROPERTY OF AERCAP ©2026

AerCap Holdings — Q1 2026 Earnings Presentation on 6ix