Slide 1: Second Quarter Financial Results
AERCAP | COND QUARTER 5FINANCIAL RESULTS AERCAP HOLDINGS N.V.
Slide 2: Forward-Looking Statements and Non-GAAP Financial Information
FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL INFORMATION This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward-looking statements’. In some cases, forward-looking statements ca
Slide 3: Key Highlights
KEY HIGHLIGHTS AERCAP ! © AerCap Strong 2Q 2025 Results: GAAP EPS of $7.09, Adjusted EPS of $2.83 Awarded ~$1 Billion Insurance Payment by London Commercial Court $374 Million of Sales in 2Q 2025; 18% Gain-on-Sale Margin, 1.7x Book Equity Multiple Cash Capex of ~$3 Billion; Repurchased over $1 Billi
Slide 4: Significant Activity Across All Business Lines
SIGNIFICANT ACTIVITY ACROSS ALL BUSINESS LINES @ ats FE) ENGINES AIRCRAFT HELICOPTERS TOTAL TRANSACTIONS TRANSACTIONS TRANSACTIONS TRANSACTIONS 13 40 18 LEASED LEASED LEASED LEASED 5 11 5 PURCHASED PURCHASED PURCHASED PURCHASED 14 SOLD
Slide 5: 2Q 2025 Net Income Walk
2Q 2025 NET INCOME WALK 2Q 2025 Adjusted Net Income Net income of $1,259 million, or $7.09 per share Increase S Decrease , , = Adjusted net income of $5! = 2 82 million, or $2.83 per share Purchase accounting adjustments include: $26 million related to lease remium amortization (973) 134 Premit ° af
Slide 6: Strong Liquidity Position
STRONG LIQUIDITY POSITION Sources vs. Uses (Next 12 Months) (as of June 30, _ 22 Ss 1 = 20 | 2 i 2 | 16 ' i 4 ~$3 i | 12 10 8 $9 6 4 2 $3 Sources "Operating Cash Flow Unsecured Revolvers Estimated Sales Cash Other Committed Debt See Supplemental Information - Capital Structure and Endnotes. © AerCap
Slide 7: Raising Full-Year 2025 Guidance
RAISING FULL-YEAR 2025 GUIDANCE Key drivers of outperformance include: ~$11.60 Guidance not including any gains on sale 1H 2025 gains on sale Gains on sale ~$9.30 - $10.30 Higher lease revenue, including net maintenance contribution Higher other income $8.50-$9.50 > Additional gains for 2H 2025 are
Slide 8: Q&A
Slide 9: Supplemental Information
Slide 10: 2Q 2025 Adjusted Net Income and EPS Reconciliation
2Q 2025 ADJUSTED NET INCOME AND EPS RECONCILIATION ($ million, except per share amounts) Net Income Earnings Per Share ($) Net Income / Earnings Per Share $1,259 $7.09 > Amortization of Maintenance Rights and Lease Premium Assets Recognized under Purchase Accounting 2 ae > Net Recoveries Related to
Slide 11: 2Q 2025 Financial Drivers
2Q 2025 FINANCIAL DRIVERS Net recoveries related to Ukraine Conflict were $973 million consisting of an insurance payment award Basic lease rents were $1,653 million, and were negatively impacted by $26 million of lease premium amortization Maintenance rents and other receipts were $115 million, and
Slide 12: Full-Year 2025 Adjusted EPS Guidance
FULL-YEAR 2025 ADJUSTED EPS GUIDANCE (§ billion, except per share amounts) Fee egy eee Net Income $2.6 > Amortization of Maintenance Rights and Lease Premium Assets Recognized under Purchase 03 Accounting > Net Recoveries Related to Ukraine Conflict (1.0) > Income Tax Effect 0.1 Adjusted Net Income
Slide 13: Book Value Per Share
BOOK VALUE PER SHARE (million, except per share data) Jun. 30, 2025 Total Shareholders’ Equity $17,947 Ordinary Shares Outstanding 178.3 Unvested Restricted Stock (4.1) Ordinary Shares Outstanding (excl. Unvested Restricted Stock) 174.3 Book Value Per Share $102.99 See Supplemental Information - End
Slide 14: Capital Structure
CAPITAL STRUCTURE Adjusted Debt/Equity Calculation ($ million) Jun. 30, 2025 Dec. 31, 2024 Debt $46,113 $45,295 Adjusted for: > Unrestricted cash & cash equivalents (2,696) (1,209) > 50% equity credit for long-term subordinated debt (1,125) (1,125) Adjusted Debt 42,292 42,960 Equity 17,947 17,185 Ad
Slide 15: High-Quality & Well-Diversified Portfolio
HIGH-QUALITY & WELL-DIVERSIFIED PORTFOLIO New technology assets comprise ~75% of total fleet AIRCRAFT TYPE NUMBER OF ASSETS OWNED % NET BOOK VALUE © NUMBER OF ASSETS MANAGED + NUMBER OF ASSETS ON ORDER TOT, Airbus A220 Family 19 1% 6 = 25 Airbus A320neo Family 423 31% 26 132 581 Airbus A320 Family 3
Slide 16: Forward Orders and Purchase/Leasebacks
FORWARD ORDERS AND PURCHASE/LEASEBACKS AIRCRAFT TYPE 2025 2026 2027 2028 2029 THEREAFTER TOTAL Airbus A320neo Family 20 33 39 29 11 - 132 Boeing 737 MAX 18 37 46 7 - - 108 Boeing 787 1 1 3 - - - 15 Embraer 195-E2 8 4 - - - - 12 Other - - - - - 5 5 Grand Total 65 120 98 36 11 5 16
Slide 17: Endnotes
ENDNOTES SLIDE 4: Significant Activity Across Alll Business Lines Quarterly transactions shown are for AerCap's owned and managed fleet excluding SES transactions. SLIDE 5: 20 2025 Net Income Walk Purchase accounting adjustments consist of the amortization of maintenance rights and lease premium ass
Slide 18: AerCap
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