StandardAero, Inc. · NYSE:SARO
StandardAero — Q3 2026 Earnings Presentation
17 slides from StandardAero's earnings presentation, Nov 5, 2026
Slide 1: Third Quarter 2026 Earnings Presentation
THIRD QUARTER 2026 EARNINGS PRESENTATION NOVEMBER 5TH, 2026 1
Slide 2: Disclaimer – Forward Looking Statements & Non-GAAP Disclosure
DISCLAIMER – FORWARD LOOKING STATEMENTS & NON-GAAP DISCLOSURE This presentation contains forward-looking statements that involve substantial risks and uncertainties. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Sect
Slide 3: Financial Highlights
FINANCIAL HIGHLIGHTS Q3 2026 Q3 PERFORMANCE DRIVERS YTD 2026 End Market Growth $4,784 $1,557 +7.2% +4.0% + Commercial Aerospace: +1.3% YoY $4,462 $1,498 YoY YoY (pass-through revenue impact)2 + Business Aviation: +7.4% YoY + Military & Helicopter: +7.2% YoY +10.0% YoY $658 Earnings Growth $598 + +30
Slide 4: 2026 Strategic Priorities and Outlook
2026 STRATEGIC PRIORITIES AND OUTLOOK WELL-DEFINED STRATEGIC PATH TO DOUBLE-DIGIT ADJUSTED EBITDA, ADJ. FREE CASH FLOW, AND ADJ. EPS GROWTH RAISING 2026 GUIDANCE STRATEGIC PRIORITIES Operational Capital $6.525 – $6.645Bn LEAP Excellence Component Repair Deployment Revenue ( 9% YoY growth at Mid-poin
Slide 5: Q3 2026 Results – Consolidated
Q3 2026 RESULTS – CONSOLIDATED ($ in millions) Q3 2026 Performance Commentary ◼ Engine Services growth of 3.5% YoY; Component Repair growth of +7.3% YoY Revenue $1,557 ◼ Commercial Aero +1.3% YoY2; Business Aviation +7.4% YoY; Military & Helicopter +7.2% YoY % Change YoY +4.0% ◼ Headline YoY growth
Slide 6: Third Quarter 2026 Results – Engine Services
THIRD QUARTER 2026 RESULTS – ENGINE SERVICES Q3 2026 QUARTERLY HIGHLIGHTS YTD 2026 $1,369 ◼ +3.5% YoY Revenue growth $4,221 $1,322 +3.5% YoY + Continued ramp on growth platforms $3,941 +7.1% YoY + Strong BusAv performance driven by connectivity upgrades + Strong ramp on Helicopter programs +24.0% $2
Slide 7: Third Quarter 2026 Results – Component Repair Services
THIRD QUARTER 2026 RESULTS – COMPONENT REPAIR SERVICES Q3 2026 QUARTERLY HIGHLIGHTS YTD 2026 $189 ◼ +7.3% YoY Revenue growth $563 $176 +7.3% YoY + Strong commercial aerospace growth driven by $521 +8.0% YoY CFM56, GTF, V2500 and CF34 − Lower volumes on select military programs, particularly training
Slide 8: Free Cash Flow
FREE CASH FLOW COMMENTARY ($ in millions) Q3 2026 ◼ ~$100M of adjusted free cash flow generation in Q3, driven by strong earnings and working capital management Adjusted EBITDA 1 $225 (+/-) Δ in Net Working Capital 2 (37) ◼ Lowest quarterly working capital build of the year resulting from company-wi
Slide 9: Balance Sheet & Liquidity
BALANCE SHEET & LIQUIDITY NET DEBT TO ADJUSTED EBITDA LEVERAGE RATIO1 STRONG BALANCE SHEET WITH CAPITAL DEPLOYMENT FLEXIBILITY ◼ Net Leverage of 2.66x, down from 2.9x at Q3 2025 2.9x 2.7x ~2.7x ◼ Capital Deployment: Target 2-3x − Repurchased $50M in shares in Q3 2026; YTD $160M2 − Announced increase
Slide 10: FY 2026 Company & Segment Outlook
FY 2026 COMPANY & SEGMENT OUTLOOK ($ in millions) FY 2026 Commentary ◼ Engine Services: $5,770 – $5,870 (increase) Revenue $6,525 – $6,645 • Includes elimination of ~$300M of low-to-no margin material pass-through revenue % Change YoY +8% to +10% ◼ Component Repair Services: $755 – $775 (decrease) ◼
Slide 11: Appendix
APPENDIX 11
Slide 12: Reconciliation of Non-GAAP Financial Metrics
RECONCILIATION OF NON-GAAP FINANCIAL METRICS ADJUSTED EBITDA AND ADJUSTMENTS WALK Three Months Ended September 30, 2026 2025 (in millions, except percentages) Net income $92.8 $68.1 Income tax expense 27.8 24.7 Depreciation and amortization 53.7 48.1 Interest expense 40.5 44.6 (1) Business transform
Slide 13: Reconciliation of Non-GAAP Financial Metrics
RECONCILIATION OF NON-GAAP FINANCIAL METRICS ADJUSTED DILUTED EPS AND ADJUSTMENTS WALK Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, 2026 September 30, 2026 September 30, 2025 September 30, 2025 $ EPS $ EPS $ EPS $ EPS (in millions, except per (in millions,
Slide 14: Segment Disclosure
SEGMENT DISCLOSURE SEGMENT ADJUSTED EBITDA Three Months Ended September 30, 2026 2025 (in millions, except percentages) Engine Services Segment Revenue $1,368.8 $1,322.2 Segment Adjusted EBITDA $205.1 $165.4 Segment Adjusted EBITDA Margin 15.0% 12.5% Component Repair Services Segment Revenue $188.7
Slide 15: Segment Disclosure (Continued)
SEGMENT DISCLOSURE (CONTINUED) SEGMENT REVENUE AND SEGMENT ADJUSTED EBITDA TO PROFIT BEFORE TAX WALK Three Months Ended September 30, 2026 Three Months Ended September 30, 2025 Component Component Engine Total Engine Total Repair Repair Services Segments Services Segments Services Services (In thous
Slide 16: Reconciliation of Net Debt and Net Debt to Adjusted EBITDA Leverage Ratio
RECONCILIATION OF NET DEBT AND NET DEBT TO ADJUSTED EBITDA LEVERAGE RATIO September 30, 2026 2025 (in millions, except percentages) 2024 Term Loan Facilities $2,210.6 $2,233.1 2024 Revolving Credit Facility 270.0 110.0 Finance leases 17.6 18.6 Other 1.0 1.1 Total Funded Debt $2,499.2 $2,362.8 Less C
Slide 17: Free Cash Flow Disclosure
FREE CASH FLOW DISCLOSURE RECONCILIATION OF FREE CASH FLOW AND ADJUSTED FREE CASH FLOW Three Months Ended September 30, 2026 2025 (in millions) Cash Flow from Operations $128.9 $14.8 Purchase of Property, Plant and Equipment (30.7) (19.5) Purchase of Intangible Assets (180.1) --- Proceeds from Dispo