Sky Harbour Group Corporation · NYSE:SKYH
Sky Harbour — Q2 2023 Earnings Presentation
12 slides from Sky Harbour's earnings presentation, Aug 15, 2023
Slide 1: 2023 Second Quarter Investor Call
larb ~ 2023 Second Quarter Investor Call August 15th, 2023
Slide 2: Forward-looking statements and disclaimer
~ SSS RaboHs on cal ateaten: Mesias ie cal rt ves hatha dal ae dele Meindl. real andcareetlse L's managerant ihe makels 9 souges, Third-party inAUstiy pubasatinns; studies ands oneeguaranneveritie ages - : t ge loraecirecy cr completeness and ate subjectto Pens recession i eeemons eater as on arote
Slide 3: Non-GAAP financial measures
= teleingloSeHHarscu's inanoalgenctiowand rae SKY Ho's mariagement0ses these na Seles hal eg las ap SAA nari feasues oss an ara a rel Tine i thee scriarcomranes, many of wich or eases Pro sri greece they elect the exercise of facomenis oy sstotla revi Sky Havbou's nancial stalemens hse red, or wil l
Slide 4: Presenters
Presenters . \ Tal Keinan Francisco Gonzalez Tim Herr Founder, Chair & CEO ‘CFO Treasurer / VP Finance ‘Michael Schmitt Tori Potro Chiof Accounting Officer Senior Finance Associate
Slide 5: Revenue increase with each new campus: Growing operating leverage
Revenue increase with each new campus: Growing operating leverage Cost of Construction and Constructed Assets Quarterly Revenues: Crea os anes — ste 7 — ee hour
Slide 6: Unit economics: Revenues exceeding projections
Unit economics: Revenues exceeding projections Miami-Opa Locka Phase 1 Revenue Nashville International Airport Revenue Progression Progression
Slide 7: Scale: In pursuit of high-quality
Scale: In pursuit of high-quality Rntaie Square Foctage in Operation (tots square fet) square footage Rentable Square Footage In Development and Under Exclusive Ground Lease Negotiation (total square feet) hour
Slide 8: Business units: Headwinds and tailwinds
Business units: Headwinds and tailwinds ‘Site Acquisition 6 new airports in exclusive lease negotiation * Sexpected to close by 0423 + 3expected to close by Q2 24 + Tier-1 rent metro markets 32.24month gastation period Sponsor education Team bandwidth Seeds planted 12-18 months ago Growing pul fom a
Slide 9: Q2 in pictures: The Sky Harbour team in action
Q2 in pictures: The Sky Harbour team in action A 7 | (pp! ae
Slide 10: Strong liquidity: Fully funded for existing portfolio
Strong liquidity: Fully funded for existing portfolio US. Treasuries and Cash in millions) [WS reasuries have an average maluny of months | Series 2021 Bord Deb Service fines) WIAs’ I.“ Rapid Bulk Debt Service Gin milions}
Slide 11: Permanent capital: Runway to fund growth capital opportunistically
Permanent capital: Runway to fund growth capital opportunistically Internally Generated Cash Flow ‘In lieu of a portion or all dividends in the early years SKYH Holding Company Equity '* Public ATM or marketed offerings * PIPES Capital Project level Partnerships with Real Estate/Infrastructure Funds
Slide 12: A Specialized Real Estate Platform: Question & Answer Period