Air T, Inc. · NASDAQ:AIRT
Air T — Investor Presentation (April 2025)
13 slides from Air T's investor presentation, April 2025
Slide 1: FY25 Mountain Air Cargo Case Study: Business Unit Analysis
December 31, 2024 A PORTFOLIO OF POWERFUL COMPANIES FY25 Mountain Air Cargo Case Study: Business Unit Analysis NASDAQ: AIRT
Slide 2: Safe Harbor
Statements in this document, which contain more than historical information, may be considered forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1996), which are subject to risks and uncertainties. Actual results may differ materially from those e
Slide 3: Contents
1. Executive Summary 2. Significant Events and Milestones CONTENTS 3. Financial Ratios x
Slide 4: Executive Summary
EXECUTIVE Mountain Air Cargo (“MAC") is a business unit of the AIR T, INC. SUMMARY holding company (NASDAQ: AIRT). Mission: “Provide high quality and dependable customer service in the express air cargo industry by adding value and creating opportunities for our employees, customers, and investors.”
Slide 5: Executive Summary: Key Points
Key Points: • Incorporated in December 1982 EXECUTIVE • FedEx Feeder Operator – 1983 SUMMARY • Four main Flight Crew domiciles located in Indianapolis, Memphis and Puerto Rico (San Juan and Aguadilla) • Fleet: C208, C408, ATR 42, ATR 72, ATR 72-600f • Over 150 Flights per day, spanning 55 destinatio
Slide 6: Core Values
Family We respect, care and treat each other as family to overcome challenges and celebrate successes. Commitment Integrity Dedicated to going above and We operate with full beyond for each other and our transparency and pledge to customer. maintain the highest moral character, even under the EXECUT
Slide 7: Key People
Mike Bandalan Ken Troyer CEO KEY PEOPLE COO Christina McMahon Kathy Barnette- Accounting Director Novak x Director of HR
Slide 8: Significant Events & Milestones
1982-2019 1982: Mountain Air Cargo (“MAC”) was incorporated, which became the first investment of Air T, Inc. 1983: Became a FedEx Feeder Operator 2019: New Leadership takes place with new vision - MAC business continuing strong to this day. 2020 - 2021 “Classic MAC”: Consists of 4 core areas – FAA
Slide 9: Revenue Growth
Nine Months Ended Revenue Growth Year Ended March 31, December 31, REVENUE In Thousands Revenue 2017 $59,805 2018 $63,030 2019 $62,866 2020 $64,853 2021 $56,418 2022 $64,448 2023 $78,420 2024 $95,920 2023 $70,377 2024 $74,930 GROWTH MAC’s revenue has grown at a cumulative annual growth rate (CAGR) o
Slide 10: Stockholders' Equity
As of March 31, As of December 31, STOCKHOLDERS’ In Thousands 2017 2018 2019 2020 2021 2022 2023 2024 2023 2024 Stockholders's Equity $26,901 $30,255 $31,481 $31,511 $33,188 $35,426 $38,974 $44,800 $43,692 $49,519 EQUITY MAC’s stockholders’ equity has grown at a cumulative annual growth rate (CAGR)
Slide 11: Revenue by Type
Nine Months Ended Revenue by Type Year Ended March 31, December 31, In Thousands 2017 2018 2019 2020 2021 2022 2023 2024 2023 2024 REVENUE BY Revenue - Cargo $38,024 $40,140 $42,427 $41,031 $36,289 $40,132 $50,347 $58,767 $43,056 $49,122 Revenue - Maintenance 21,781 22,890 20,440 23,822 20,129 24,31
Slide 12: EBITDA Performance
Nine Months Ended EBIDTA Balances Year Ended March 31, December 31, In Thousands 2017 2018 2019 2020 2021 2022 2023 2024 2023 2024 Operating Income (Loss) $1,684 $3,354 $1,219 $(11) $1,677 $2,238 $3,693 $5,826 $4,718 $4,740 Depreciation EBITDA 104 93 77 68 41 37 69 112 82 129 Amortization - - - - -
Slide 13: Aircraft Count
AirCraft Count 45 40 35 30 25 20 15 10 5 AIRCRAFT 0 2017 2018 2019 2020 2021 2022 2023 2024 C208 ATR C408 COUNT Total Aircraft Count 80 70 60 50 40 30 20 10 0 2017 2018 2019 2020 2021 2022 2023 2024