Global Crossing Airlines Group, Inc. · NEO:JET
Global Crossing Airlines — Q3 2022 Earnings Presentation
8 slides from Global Crossing Airlines's earnings presentation, Nov 3, 2022
Slide 1: Investor Update Q3 2022 Presentation
Exhibit 99.2 Investor Update Q3 2022 Presentation November 1, 2022
Slide 2: Disclaimer
DISCLAIMER The information contained herein, while obtained from sources we believe to be reliable, is not guaranteed as to accuracy or completeness. This Presentation is for information only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. No secu
Slide 3: Agenda
• CEO State of play Agenda • Finance Review • Aircraft delivery update • Key achievements to date p p3 3. .
Slide 4: Key Financial Highlights
Revenue: $30.1M Net income: $163k Key Financial Operating Income: $795k highlights EBITDA: $1M EBITDAR: $5M (all USD) Cash on hand 9/30: $7.4M Nine Month Revenue: $64.6M Reaffirming base case 2022 revenues: $90 Million+ p p4 4. .
Slide 5: Q3 2022 Actual vs Q2 2022 Actual
in [000] Q3 2022 (Actual) Q2 2022 (Actual) ($) (%) Operating Revenue 30, 790 17, 442 13,348 77% Operating Expense Salaries, Wages & Benefits 7,713 7,264 449 6% Aircraft Fuel 7,765 4,387 3,378 77% Q3 22 Actual Maintenance, materials and repairs 1,218 1,056 162 15% Depreciation and amortization 194 80
Slide 6: Significant growth trend continues
Significant growth trend continues p p6 6. .
Slide 7: Forecast Fleet Growth
SLOBAL x FORECAST FLEET GROWTH Fleet Size @ Yearend: 2022: 9 Passenger / 2 Cargo 2023: 14 Passenger / 9 Cargo 2024 2024: 19 Passenger / 15 Cargo 2025: 25 Passenger / 25 Cargo 2025
Slide 8: Key Achievements
• Profitability within 1 year of operations • Only $6M in debt • Recession proof customer portfolio Key – Sports teams Achievements – Government flights – Department of Defense (certification in progress) • First cargo aircraft fully booked – Second and third aircraft close to signing p p8 8. .
Global Crossing Airlines Group — Q3 2022 Earnings Presentation on 6ix