Surf Air Mobility Inc. · NYSE:SRFM

Surf Air Mobility — Investor Presentation (September 2025)

24 slides from Surf Air Mobility's investor presentation, September 2025

  1. Slide 1: Transforming regional air mobility

    I N V E S T O R P R E S E N TAT I O N 09.2025 Transforming regional air mobility NYSE: SRFM ©2025 SURF AIR MOBILITY

  2. Slide 2: Disclaimer: Forward Looking Statements and Non-GAAP Financial Measures

    DISCLAIMER Forward Looking Statements Forward-looking statements speak only as of the date they are made. Prospective investors are cautioned not to place undue reliance on such statements or information. Surf Air Mobility does not undertake any obligation to update or revise any This presentation c

  3. Slide 3: We are building the air mobility platform that will transform regional flying

    NYSE: SRFM SURF AIR MOBILITY We are building the air mobility platform that will transform regional flying ©2025 SURF AIR MOBILITY 3

  4. Slide 4: Why we are uniquely positioned to win in the Regional Air Mobility market

    S T R AT E G I C D I F F E R E N T I AT O R S Why we are uniquely positioned to win in the Regional Air Mobility (‘RAM’) market Scale One of the largest regional commuter airlines in the U.S.1 flying ~320K passengers per year2 Experience Established operations and brand in a highly regulated industr

  5. Slide 5: Air Mobility Landscape: RAM leverages existing, underutilized regional airports

    AIR MOBILITY LANDSCAPE While UAM currently lacks infrastructure and commercial airline traffic is overly concentrated, RAM leverages existing, underutilized regional airports. URBAN AIR MOBILITY REGIONAL AIR MOBILITY COMMERCIAL AIRLINES ~15-50 ~50-500 500+ MILES MILES MILES P O I N T-T O - P O I N T

  6. Slide 6: Regional Air Mobility will experience transformational growth over the next decade

    M A R K E T O P P O RT U N I T Y Regional Air Mobility will experience transformational growth over the next decade “Innovative propulsion… could usher in a new era of frequent, $75B - $115B 1 convenient passenger flights on small regional aircraft.” Global regional mobility market by 2035 M c K i n

  7. Slide 7: Two complementary business units combine to scale regional air mobility

    SURF AIR MOBILIT Y OVERVIEW Two complementary business units combine to scale regional air mobility AIR MOBILITY AIR TECHNOLOGY S C H E D U L E D On-demand s o f t wa r e E L EC T R I F I E D P ow e rt r a i n Air Service Technology Established regional air mobility platform providing Innovators in

  8. Slide 8: Surf Air Mobility by the numbers

    SURF AIR MOBILITY BY THE NUMBERS We are one of the largest commuter airlines by scheduled departures and we are developing category-defining software for the industry with Palantir NYSE: SRFM $107M T O TA L R E V E N U E LT M 2 0 2 5 1 TOP 5 SHAREHOLDERS 4 SCHEDULED O N DE M A N D C H A RT E R ~10.4

  9. Slide 9: 4-Phase Transformation Overview

    4 - P H A S E T R A N S F O R M AT I O N O V E R V I E W PHASE 1 PHASE 2 PHASE 3 PHASE 4 2024 2025 - 2026 2026 - 2027 2027+ Transformation Optimization Expansion Acceleration Improved capital structure Optimize airline operations Deploy SurfOS to third-parties Deploy electric aircraft Strengthened b

  10. Slide 10: Transformation Plan progress: financial and capital structure optimization

    T R A N S F O R M AT I O N P L A N P R O G R E S S H I G H L I G H T S [ 1 ] We continue to make strong progress on our 4-phase Transformation Plan KEY ACHIEVEMENTS 4 PHASES F I N A N C I A L & C A P I TA L S T R U C T U R E O P T I M I Z AT I O N Secured a new $50M term loan from Comvest Partners I

  11. Slide 11: Transformation Plan progress: operational optimization

    T R A N S F O R M AT I O N P L A N P R O G R E S S H I G H L I G H T S [ 1 ] We continue to make strong progress on our 4-phase Transformation Plan KEY ACHIEVEMENTS 4 PHASES O P E R AT I O N A L O P T I M I Z AT I O N Improved key 0perating performance indicators that resulted in airline operations

  12. Slide 12: Transformation Plan progress: SurfOS and electrification

    T R A N S F O R M AT I O N P L A N P R O G R E S S H I G H L I G H T S [ 1 ] We continue to make strong progress on our 4-phase Transformation Plan KEY ACHIEVEMENTS S U R F O S A N D E L E C T R I F I C AT I O N 4 PHASES Introduced flagship AI-enabled SurfOS product suite for the air mobility indust

  13. Slide 13: Business overview

    NYSE: SRFM SURF AIR MOBILITY Business overview ©2025 SURF AIR MOBILITY 13

  14. Slide 14: We've flown millions of passengers over millions of miles

    SCHEDULED AIR SERVICE AIR MOBILITY We’ve flown millions of passengers over millions of miles M A I N L A N D u . s . & H AWA I I I N T E R L I N E PA RT N E R T O TA L S C H E D U L E D LT M 2 0 2 5 1 DISTRIBUTION 50 LT M 2 0 2 5 1 AIRCRAFT 2 ~435M 3 ~$83M Cumulative annual Revenue passengers flying

  15. Slide 15: Our robust network in Hawaii demonstrates the potential of regional air mobility

    S C H E D U L E D A I R S E RV I C E : H AWA I I H I G H L I G H T AIR MOBILITY Our robust network in Hawaii demonstrates the potential of regional air mobility and electrification 9 1 H AWA I I O P E R AT I O N S LT M 2 0 2 5 H AWA I I N E T W O R K A I R P O RTS 11 ~$29M ROUTES O ’A H U M O L O K

  16. Slide 16: Recurring government contracts currently drive ~45% of total revenue

    Scheduled air service: ESSENTIAL AIR SERVICE (E AS) HIGHLIGHTS AIR MOBILITY 1 Recurring government contracts currently drive ~45% of total revenue EAS NETWORK LT M 2 0 2 5 1 EAS NETWORK ~$48M 15 3.4 yrs EAS subsidy revenue EAS communities avg length of contract in network W H AT I S E A S Created by

  17. Slide 17: Global on-demand charter operations

    on demand AIR MOBILITY Global on-demand charter operations DOMESTIC ON DEMAND LT M 2 0 2 5 1 ~$25M Revenue 2,950 Departures 425+ 4 O N D E M A N D A D VA N TA G E S Operator relationships Asset-light marketplace Focus on regional mobility with fewer supply constraints $138B TAM for global charter ai

  18. Slide 18: Ongoing evaluation of new venture partnerships with industry leaders

    N E W V E N T U R E S T R AT E G Y Ongoing evaluation of new venture partnerships with industry leaders to pursue upside drivers in a more capital-efficient manner RECENT ACHIEVEMENT Company entered into a five- year agreement with Palantir, expanding relationship to include exclusivity with respect

  19. Slide 19: We are developing an all-in-one software platform for the Regional Air Mobility industry

    U P S I D E D R I V E R : S U R F O S S O F T WA R E AIR TECHNOLOGIES We are developing an all-in-one software platform for the Regional Air Mobility industry T H E ‘ O P E R AT I N G S Y S T E M ’ F O R R E G I O N A L AV I AT I O N Building the software platform to support the growth and operation

  20. Slide 20: Electrification strategy to improve unit economics and create new revenue streams

    U P S I D E D R I V E R : E L E C T R I F I C AT I O N S T R AT E G Y AIR TECHNOLOGIES Our multi-pronged strategy is designed to significantly improve unit economics and create new revenue streams D E P L O Y B E S T- I N - C L A S S E L E C T R I C A I R C R A F T ACROSS OUR NETWORK Reduce operatin

  21. Slide 21: Surf Air Mobility Management Team

    MANAGEMENT TEAM Surf Air Mobility Management Team DEANNA WHITE Oliver Reeves Sudhin Shahani CEO and COO Chief Financial Officer Co-Founder Joined Surf Air in 2021 Joined Surf Air in 2023 Co-founded and served as CEO of Surf Air 20+ years of experience in the aerospace industry 10+ years of experienc

  22. Slide 22: Surf Air Mobility Management Team

    MANAGEMENT TEAM Surf Air Mobility Management Team AMY MALLOUF KEN BIELER B O B WA LT Z Chief Administrative Officer | Chief HR Officer VP of Safety & Regulatory Compliance VP of Flight Operations Joined Surf Air in 2025 Joined Surf Air in 2021 Joined Surf Air in 2025 Formerly with Sabre, Teltech Gro

  23. Slide 23: Surf Air Mobility Board of Directors

    BOARD OF DIRECTORS Surf Air Mobility Board of Directors C A R L A L B E RT TY BLAND J O H N D ’A G O S T I N O BRUCE HACK Chairman and CEO of Fairchild Managing Partner at Senior Advisor at Founder and CEO of Venture Capital Corporation, Porter Tellus, LLC Coinbase Institutional BLH Venture, LLC Fai

  24. Slide 24: ©2025 SURF AIR MOBILITY I N V E S T O R S @

    ©2025 SURF AIR MOBILITY I N V E S T O R S @ S U R FA I R . C O M I N V E S T O R S . S U R FA I R . C O M

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