Wheels Up Experience Inc. · NYSE:UP
Wheels Up Experience — NBAA 2024
18 slides from Wheels Up Experience's conference presentation, Oct 22, 2024
Slide 1: Wheels Up x NBAA
WHEELS UP x NBAA George Mattson Chief Executive Officer October 22, 2024
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Wheels Up: NBAA 2024 Cautionary Note Regarding Forward-Looking Statements This presentation contains certain “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based
Slide 3: Fleet Modernization Strategy
Fleet Modernization Strategy Wheels Up 3
Slide 4: Fleet Modernization
Fleet Modernization 3-year plan to modernize and simplify the Wheels Up fleet. RETIRING 4 DIFFERENT TYPES OF ADDING 2 DIFFERENT TYPES OF JET AIRCRAFT FROM OUR FLEET JET AIRCRAFT TO OUR FLEET Citation CJ3 Citation Excel Phenom 300 Series Hawker 400XP Citation X Challenger 300 Series CONTINUE TO OPERA
Slide 5: Strategic Pillars
Strategic Pillars Wheels Up Customer-centric Global Precision Execution Elevated Customer Aviation Solutions with Experience Delta 5
Slide 6: Developing a first of its kind global aviation solution with Delta
Developing a first of its kind global aviation solution with Delta • Providing Wheels Up members and customers with more value through exclusive benefits not offered anywhere else in the aviation industry • Flexible, on-demand programmatic offering versus fractional alternative that comprises most o
Slide 7: Operational Excellence
Operational Excellence Our fleet transition is expected to lower the average aircraft age of our fleet, enhance our continuous commitment to operational excellence and elevate the experience for our customers. FLEET AGE PRECISION ELEVATED CUSTOMER REDUCTION EXECUTION EXPERIENCE Expected to reduce th
Slide 8: Elevated Customer Experience
Elevated Customer Experience Wheels Up 8
Slide 9: Elevating the customer experience with Embraer Phenom 300 Series aircraft
WHEELS UP: NBAA 2024 Embraer Elevating the customer experience with Phenom 300 Series Embraer Phenom 300 Series aircraft vs Existing Light Jet The Phenom 300 series has been the best-selling • Larger cabin Light Jet platform for more than a decade. • Expanded luggage storage • Longer range • Higher
Slide 10: Elevating the customer experience with Bombardier Challenger 300 Series aircraft
WHEELS UP: NBAA 2024 Bombardier Elevating the customer experience with Challenger 300 Series Bombardier Challenger 300 Series aircraft vs Existing Citation X The Challenger 300 series has been the best-selling Super-mid Jet platform for more than a decade. • Larger stand-up cabin • Flat floor • Expa
Slide 11: Elevating the customer experience with Gogo Galileo HDX satellite-based Wi-Fi
WHEELS UP: NBAA 2024 Gogo Elevating the customer experience with • Robust satellite Wi-Fi Gogo Galileo HDX satellite-based Wi-Fi capability • One of the first and only We are commited to delivering the most robust Wi-Fi capabilities to our customers on domestic fleets with full satcom capability the
Slide 12: Acquisition: GrandView Aviation Phenom Fleet
Acquisition: GrandView Aviation Phenom Fleet Wheels Up 12 Confidential, Wheels Up Experience Inc. 12
Slide 13: Acquiring GrandView Aviation's Phenom Fleet expected to accelerate our fleet transition
WHEELS UP: NBAA 2024 GrandView Aviation Acquiring GrandView Aviation’s Phenom Fleet Transaction (1) expected to accelerate our fleet transition Wheels Up has entered into a binding agreement to acquire the entire Phenom 300 Series fleet of GrandView Aviation, a subsidiary of Global Medical Response,
Slide 14: Prioritizing a seamless operational transition, including our pilots
WHEELS UP: NBAA 2024 Operational Transition Prioritizing a seamless operational transition, including our pilots • Also expect to enter into a Transition Services Agreement with GrandView Aviation under which they will continue to operate the aircraft on our behalf for a short period after closing •
Slide 15: Wheels Up x Bombardier Challenger 300 and 350 Series Aircraft
WHEELS UP: NBAA 2024 Bombardier Challenger 300 and Wheels Up x Bombardier Challenger 300 and 350 Challenger 350 Series Aircraft • Wheels Up intends to opportunistically acquire a fleet of pre-owned Challenger 300 and Challenger 350 series aircraft via the secondary market through a combination of ou
Slide 16: Committed Financing from Bank of America with Credit Support from Delta Air Lines
WHEELS UP: NBAA 2024 Committed Financing from Bank of America Committed Financing (1) with Credit Support from Delta Air Lines • Comprehensive refinancing Concurrent with the anticipated closing of the GrandView Aviation transaction, we expected to enable fleet expect to enter into a new five (5) ye
Slide 17: Summary
Summary Transitioning from 4 different types of jet GrandView acquisition expected to aircraft to 2: Phenom 300 Series and introduce 17 Phenom 300 and Phenom 300E Challenger 300 Series aircraft into service in 4Q 2024 Retiring existing fleet of Citation CJ3, Hawker Committed financing from Bank of A
Slide 18: Thank you
Thank you US. FAA-licensed and DOT-registered air carriers participating in the program, including certain carriers affiliated with Wheels Up through common ownership, exercise full operational control of all flights offered by or arranged through Wheels Up. For on-demand flights and shuttle flights