Flysbs Aviation Limited · NSE:FLYSBS
Flysbs Aviation — Shareholder Meeting (September 2026)
25 slides from Flysbs Aviation's shareholder meeting presentation, Sep 29, 2026
Slide 1: Filing cover letter to NSE
Date: September 29, 2026 To, The Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5th floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Trading Symbol: FLYSBS Sub: Corporate Presentation Please find enclosed the Investor Presentation to
Slide 2: The Freedom to Fly Further
The Freedom to Fly Further Annual General Meeting 2026 Our first year as a listed company | FY 2025-26 FlySBS Aviation Limited Chennai | 29 September 2026 | NSE Emerge
Slide 3: FY 2025-26 in one line
FY 2025-26 IN ONE LINE We listed, we doubled our profit, and we began building the fleet that takes FlySBS to its next scale. 318.68x +64% +114% 2x+ IPO subscription Revenue from operations Profit after tax Commercial hours flown Commercial hours as reported in the Annual Report FY 2025-26.
Slide 4: 8 August 2025: FlySBS became a listed company
MILESTONE 8 August 2025: FlySBS became a listed company Entirely fresh issue ₹102.53 Cr No offer for sale: every rupee went into the Company Overall subscription 318.68x Bids worth about ₹21,734 Cr; 4.52 lakh+ applications Listing price vs ₹225 issue ₹427.50 90% premium, the maximum permitted on SME
Slide 5: FY 2025-26 at a glance: record revenue, record profit
FINANCIAL PERFORMANCE FY 2025-26 at a glance: record revenue, record profit ₹318.5 Cr ₹84.8 Cr ₹60.8 Cr Revenue from operations EBITDA Profit after tax +64.3% vs ₹193.9 Cr +104.7% | margin 25.37% (+417 bps) +113.9% | margin 18.19% (+365 bps) ₹38.76 26.19% ₹313.7 Cr Earnings per share Return on equit
Slide 6: From ₹27 Cr to ₹318 Cr in four years
FIVE-YEAR TRAJECTORY From ₹27 Cr to ₹318 Cr in four years: an 85% revenue CAGR 350 Revenue from operations (₹ Cr) 11.7x 318.5 Revenue growth, FY22 to FY26 300 250 3x Revenue growth in two years, FY24 to FY26 200 193.9 150 2x+ 106.5 Commercial hours flown in FY26 vs FY25 100 50 27.3 34.1 ₹96.2 Cr 0 Q
Slide 7: Margins expanded as we took more of the flying in-house
P R O F I TA B I L I T Y Margins expanded as we took more of the flying in-house EBITDA and PAT (₹ Cr) FY24 FY25 FY26 100 EBITDA margin (on total income) 14.0% 21.2% 25.4% 90 84.8 80 PAT margin (on total income) 10.5% 14.5% 18.2% 70 Core EBITDA margin (excl. other 60.8 n.a. 20.6% 21.7% 60 income, on
Slide 8: A stronger, cash-generating balance sheet to fund the fleet
BALANCE SHEET A stronger, cash-generating balance sheet to fund the fleet ₹ Cr 0.12x 350 Debt to equity Conservative leverage 313.7 300 250 ₹31.5 Cr Cash from operations Up from ₹0.5 Cr in FY25 200 150.4 ₹185.1 Cr 150 100 Long-term advances Largely aircraft security deposits for the new fleet 65.2 4
Slide 9: Strong growth with the best bottom line in our peer set
PE E R CO M PA R IS ON Strong growth with the best bottom line in our peer set Revenue EBITDA 18.2% Operator Segment Period PAT margin growth margin FlySBS Indian charter operator (listed) FY26 +64.3% 25.4% 18.2% Highest PAT margin Only peer with double-digit net profit Peer A Indian corporate-group
Slide 10: More flying, more places, and clients who keep returning
O P E R AT I O N S More flying, more places, and clients who keep returning 2x+ 26 340 Commercial hours Countries served Unique destinations flown in FY26 vs FY25 across 6 continents touched in FY 2025-26 17+ 46 87.84% Indian cities connected New clients added Repeat-client revenue metros and Tier-2
Slide 11: Revenue by aircraft stream: building our own-permit fleet
FLEET ECONOMICS Revenue by aircraft stream: building our own-permit fleet Revenue from operations by aircraft stream (₹ Cr) ₹ Cr FY24 FY25 FY26 350 Dry lease (own permit) 10.1 77.4 110.7 300 Wet lease aircraft 1 52.6 46.2 33.8 250 Wet lease aircraft 2 43.8 70.2 174.1 200 Total 106.5 193.9 318.5 150
Slide 12: A corporate, international and loyal client base
REVENUE QUALITY A corporate, international and loyal client base 86.70% 92.17% 87.84% International Corporate Repeat clients ₹276.2 Cr international | ₹42.4 Cr domestic ₹293.6 Cr corporate | ₹24.9 Cr individuals ₹279.8 Cr repeat | ₹38.7 Cr first-time Source: Annual Report FY 2025-26, Management Disc
Slide 13: India is the world's most under-served private aviation market
THE OPPORTUNITY India is the world's most under-served private aviation market Fifth largest economy. Sixth largest UHNWI population. Less than 1% of the world's business jets.
Slide 14: Demand is compounding faster than supply
INDIAN MARKET Demand is compounding faster than supply 19,877 UHNWIs in India (US$30M+) 391 Dollar billionaires +63% since 2021; 25,217 forecast by 2031 +27 in one year; 1,810 people worth ₹1,000 Cr+ Knight Frank Wealth Report 2026 M3M Hurun India Rich List 2026 168 Business jets registered in India
Slide 15: A US$0.7 to 3.3 billion market that grows every year
MARKET SIZE A US$0.7 to 3.3 billion market that grows every year Independent research estimates (US$ billion) Measure Now Forecast CAGR US$692M US$1,207M Business jet market 6.2% (2025) (2034) US$5.89B US$3.35B US$5.89B Air charter services (MRFR) Air charter services 5.8% (2025) (2035) US$3.35B C O
Slide 16: India's economic weight is 5x its share of business jets
THE HEADROOM India's economic weight is 5x its share of business jets India's share of the world (%) Business jets per million people India 0.12 3.7% Brazil 5.2 2.8% Mexico 7.9 United States 44.1 0.7% Brazil has about 43x India's business jet density. Closing even a fraction of that gap represents a
Slide 17: India's luxury economy is compounding
LUXURY INDIA India's luxury economy is compounding US$85 bn +53% 51,200 27% Luxury market by 2030 Homes of ₹4 Cr+ sold in 2024 Luxury cars sold in 2024, a record; Top-end models' share of (19,700); demand +70% in 2025 BMW record 18,001 in 2025 Mercedes-Benz India sales in FY26 Kotak Private / EY Lux
Slide 18: Luxury India is moving from owning things to buying time
LINKING LUXURY TO OUR FUTURE Luxury India is moving from owning things to buying time Experiences lead luxury Growth: premium India and FlySBS (%) "Exclusive experiences" are among the fastest-rising luxury categories at +11.6% a year. Private flying is the ultimate experience of time. FlySBS revenu
Slide 19: What scale looks like: the leaders in the US and Europe
GLOBAL BENCHMARKS What scale looks like: the leaders in the US and Europe NetJets Flexjet VistaJet United States | Berkshire Hathaway United States Europe / Global | Vista Global ~1,100 340+ ~206 aircraft, 150+ countries aircraft; plans to nearly double aircraft in the group fleet ~11.7% 16.7% 26.3%
Slide 20: Where India stands today, and what the leaders teach us
DR AW IN G T H E CO MPA R IS ON Where India stands today, and what the leaders teach us United States Europe India L E S S O N S F O R F LY S B S Fleet scale wins ~15,000 (about 64% of 168 business jets, of which Business jet fleet 2,500 to 3,500 Leaders grew by adding aircraft on long-term world) ~
Slide 21: Why FlySBS is positioned to capture this growth
OUR EDGE Why FlySBS is positioned to capture this growth Permits that take years to build Air Operator Permit, DGCA-approved CAMO and a certified quality function. Proven on six continents Japan to Mauritania, the Arctic to New Zealand. 26 countries in FY26 alone. A corporate, repeat client base 92%
Slide 22: From 4 aircraft to 9 before March 2027
FLEET E XPA NS IO N From 4 aircraft to 9 before March 2027 O U R F L E E T T O D AY IPO INDUCTION PROGRAMME: 6 AIRCRAFT Aircraft 1: 13-seat Embraer Legacy 650 1 Jun 2026 Commercial operations started Aircraft 2: 8-seat jet 15 Oct 2026 Added; commercial flying after DGCA formalities 2 x Embraer Legac
Slide 23: Our priorities for FY 2026-27
THE ROAD AHEAD Our priorities for FY 2026-27 Complete the fleet Fill every hour Balance the network Complete the induction of all 8-seat jets Utilisation is the metric the Board watches Grow domestic and Tier-2 flying alongside our before March 2027 and bring every aircraft most closely. New mid-siz
Slide 24: Thank you for flying with us
Thank you for flying with us A listed company, a doubling fleet and a market that has barely begun. The best of FlySBS is ahead of us. Fly Anytime, Anywhere FlySBS Aviation Limited | corporate@sbsaviation.in | www.sbsaviation.in
Slide 25: Sources and forward-looking statements
APPENDIX Sources and forward-looking statements • Company: Audited financial results FY 2025-26; Annual Report FY 2025-26 (all operating data); Corporate Presentation; company records (FY22-FY23 revenue, revenue by aircraft stream). • Knight Frank, The Wealth Report 2026 (UHNWI counts and forecast).
FlySBS Aviation — Shareholder Meeting (September 2026) on 6ix