Global Crossing Airlines Group, Inc. · NEO:JET
Global Crossing Airlines — Q4 2022 Earnings Presentation
16 slides from Global Crossing Airlines's earnings presentation, Mar 14, 2023
Slide 1: Q4 2022 Presentation Investor Update
Exhibit 99.2 Q4 2022 PRESENTATION INVESTOR UPDATE MARCH 9, 2023 NEO:JET | NEO: JET.B | OTCQB:JETMF
Slide 2: Agenda
AGENDA 1. 2022 ACCOMPLISHMENTS 2. FLOWN REVENUE BLOCK HOURS & QUARTERLY REVENUES 3. 2022 AND Q4 FINANCIAL RESULTS 4. 2023 OUTLOOK 5. FLEET 6. PASSENGER SALES 7. CARGO 8. PILOT RECRUITMENT 9. CERTIFICATIONS 10.CAPITAL MARKETS
Slide 3: 2022 Accomplishments
ACCOMPLISHMENTS ALL $USD 2022 • Exceeded 2022 revenue forecast of $90 Million by 8% delivering 2022 revenues of $97.1 Million, 592% increase over 2021 • 2022 year end fleet size – 8 passenger aircraft • Operated Revenue flights to 266 airports for 105 Customers • Developed strong operational reliabi
Slide 4: Quarterly Revenue and Block Hours 2021-2022 (Operated)
QUARTERLY REVENUE AND BLOCK HOURS 2021 - 2022 (Operated)
Slide 5: 2022 and Q4 2022 Results
2022 Q4 2022 RESULTS RESULTS $9.0M* $5.3M** EBITDAR EBITDAR Earnings Before Interest, Taxes, Earnings Before Interest, Taxes, Depreciation, Amortization and Rent Depreciation, Amortization and Rent Key metric in aviation to properly compare Key metric in aviation to properly compare airlines who pur
Slide 6: Outlook 2023
OUTLOOK 2023 • 2023 revenue forecast base case $140+ Million & positive EBITDAR/EBTIDA • Base case budget is over 58% contracted ($81.5M) • An additional $60M or 43% is currently being actively quoted and we anticipate that most of this will become contracted in the next 60 days • Assumes current fl
Slide 7: 2022 Fleet
2022 Fleet N277GX N276GX N278GX N627VA (A321) N281GX N282GX N628VA N966AD (A321)
Slide 8: Fleet Evolution by Aircraft
FLEET EVOLUTION BY AIRCRAFT ◉ Capital ◉ Pilots◉ Ability to get aircraft out of heavy maintenance pre delivery Deliveries are driven by: 2022E Operating Fleet Composition 2023E Operating Fleet Composition 2024E Operating Fleet Composition 8 18 30 Aircraft Aircraft Aircraft 100% Passenger 66% Passenge
Slide 9: Aircraft Delivery Plan
AIRCRAFT DELIVERY PLAN Base Plan 1. N411GX - A321F - #2 – April 11* 2. N285GX - A320P - #9 – April 15* Target Plan 1. N287GX - A319P - #10 – Q2 2. N412GX - A321F - #3 – Q2 3. N453GX – A321F - #4 – Q3 4. N454GX – A321F - #5 – Q4 5. N436GX – A321F - #6 – Q4
Slide 10: Passenger Sales
PASSENGER SALES Revenue Streams • Significant repeat business • NCAA/Cuba/US Government • New multi month contracts • Havana/Dominican Republic/Summer tour operators • Expanded market opportunity due to EASA TCO, IOSA and DOD Certification • Developed VIP Tour Business • Quick change all coach to 68
Slide 11: Cargo: A321 Freighter
CARGO A321 FREIGHTER The A321 Freighter is a game-changer in the narrowbody freighter market • Carries 50% more cargo volume than a 737-800F • Replacement for the 757-200F • Recently signed a 260 hour contract for April that could be expanded through November 2023 for a package customer • Bidding 20
Slide 12: Pilot Recruitment
PILOT RECRUITMENT • We have successfully recruited 55 pilots in 2022 and have held 3 pilot classes in 2023 with 24 pilots • Major agreements have been implemented to increase pool of available pilots • OSM Aviation Academy • CAE Pilot Program • L3 Harris Pilot Pathway Program • GlobalX Colombia – in
Slide 13: New Certifications Expand Revenue Opportunities
NEW CERTIFICATIONS EXPAND REVENUE OPPORTUNITIES AND MAKES US A STRONGER AND SAFER AIRLINE • EASA – TCO – Gives GLOBALX the authority to operate in Europe, the largest ACMI charter market in the world • IOSA – Allows all airlines globally to contract with GlobalX without having to complete timely and
Slide 14: Capital Markets
CAPITAL MARKETS NEO:JET | NEO: JET.B | OTCQB:JETMF Warrants Exercised Funds Received 2.1M $1M+ Warrants still to be Funds to be Received Exercised (if all exercised) (expiry April 2023) 4.7M $4.7M • Up listing to NASDAQ planned in conjunction with growth capital/debt raise in 2023 Digital programs a
Slide 15: Football and Basketball Teams
FOOTBALL AND BASKETBALL TEAMS * This is a representative sample of over 70 teams we have flown
Slide 16: Registered Trademarks
Registered Trademarks • You Can’t Beat the Experience • Global Presence, Local Focus • Commercial Air Charter for Professionals • Redefining Commercial Air Charter • Our Birds of Play • Birds of a Feather • It’s Time to Fly • X Nation • X Cargo • Client Connex • Cargo Connex NEO:JET | NEO: JET.B | O
Global Crossing Airlines Group — Q4 2022 Earnings Presentation on 6ix