Sky Harbour Group Corporation · NYSE:SKYH
Sky Harbour — Investor Presentation (August 2026)
10 slides from Sky Harbour's investor presentation, Aug 20, 2026
Slide 1: Sky Harbour Investor Presentation, August 2026
4 SU TE Se ei ry t August 2026 ‘isma Chicago Dales Dever Hartford Holton Los Angeles Miami Nashlle NewYork Orlando Porlind Phoenke Satake Cly~SanJose Trenton’ Wathington
Slide 2: Forward-Looking Statements
= eee SSS ‘mai te Be ho a ee independent 59.18 fot inst nator compertwe postion on orang in Trritatong ord tree canbe no Qua 3 “intend, "Wl “expec “afispate "bebe seo” “arge™ espresso that see dong sees elon Bie a etd rte segs eo aa rn {010% pesciors 0 bapa mar erg stators are provided for iatative
Slide 3: Non-GAAP and Offering Notes
~omeohditinand fests oF ronal meas Chiles of experce ard income excused or Report on Fm 10 fled wit the SEC on Merch 9, fa fot been provided as such reandlitonis rot avalble pal orc offering. That bond offering was rade tough abeaasnan/ Offering Statement fs hich consis the abgated groun tre ‘Oblgat
Slide 4: Why We Raised $40 Million at This Juncture
Why We Raised $40 Million at This Juncture August 2026 Direct Offering to Strategic Investors $40mm Equity + $120mm Debt = $160mm Total Capex B -ss00sF 500,000 Rentable SF of New Hangar Capacity ¥ $18mm Stabilized NOI at a 5.0% Cap Rate ¥ $360mm Enterprise Value Hs sizann bo $240mm of Equity Value C
Slide 5: Ground Leases at Key US Airports, at an Attractive Cost
Ground Leases at Key US Airports, at an Attractive Cost Ground Lease Expense vs. Average Revenue Run Rate per Rentable SF 50 45 40 435 $32.66 $30 Bos: $24.22 & ° $21.74 $20.65 a 15 10 5 0 . 4 SGR opr (12) DvT1 ADS 1 APA lm Average Revenue Run Rate ($/SF) __™ Ground Lease Expense ($/RSF) Average reve
Slide 6: We Are a Greenfield Developer
We Are a Greenfield Developer We Invest Your Money at Cost — Illustrative Project Economics per RSF '$720/SF Market Value $270/SF 0 gay aie '$300/SF Total Project Cost ty =15x $270/SF Dab $450/SF $30/SF Equity (10%) Capital Stack Target Value Split at Exit f sic per rnb square fot Deb of S27 refs th
Slide 7: Economies of Scale & Vertical Integration
Economies of Scale & Vertical Integration Lower Cost, Higher Quality, Increased Efficiency 300,000 256,240 250,000 + % 200,000 1715 520 3 149,069 160.092 134,270 130,664 y 3 150000 118,602 P| 201 a 110,990 | 2 100,000 ~ 66.080 y a o+ : SGR OPF1 APA " opr 2 BDL ADS2 I Outsourced 6c ‘Ascend (in-house)
Slide 8: Ability to Issue Tax-Exempt Private Activity Bonds (PABs)
Ability to Issue Tax-Exempt Private Activity Bonds (PABs) Lower Interest Cost, Longer Tenure, and No Change of Control Covenant 1 TadsDAGs: Sere 2021, 15-year 400% Cupen =e a cust: + T4at2PV2E: Series 2026, 5-year, 6.00% Coupon ak ws og SERIES 2026 INVESTOR PARTICIPATION Lord Abbett ‘Capital Researc
Slide 9: Target Economics with Stabilized Portfolio
Target Economics with Stabilized Portfolio Convergence towards Project Unit Economics with Scale BIE otences with subordinated Bonds - Lower Equity Requirement and Higher ROE eo ss 0st ~68%
Slide 10: Sky Harbour
— SkyHarbour -
Sky Harbour Group — Investor Presentation (August 2026) on 6ix