Sky Harbour Group Corporation · NYSE:SKYH
Sky Harbour — Q2 2025 Earnings Presentation
15 slides from Sky Harbour's earnings presentation, Aug 12, 2025
Slide 1: 2025 Q2 Earnings Webcast
Slide 2: Se wits
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Slide 3: fear ensues
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Slide 4: Presenters
PRESENTERS TAL KEINAN Chief Executive Officer MICHAEL SCHMITT Officer Chief Accounting Skyllarbour FRANCISCO GONZALEZ Chief Financial Officer TORI PETRO Accounting & Finance Manager TIM HERR Treasurer & SVP Finance ANDREAS FRANK Business Associate & Assistant Treasurer
Slide 5: Sky Harbour Group Corp Financial Results
Skyftarbour SKY HARBOUR GROUP CORP FINANCIAL RESULTS Construction Accelerating, Increasing Revenues (COST OF CONSTRUCTION AND CONSTRUCTED ASSETS ‘QUARTERLY REVENUES OPERATING EXPENSES Trntions ‘mio nitions) xo 7 7 x0 ° ° oo 5 5 8 Fy ‘co : cy 1 : “GEEERGEEGREEE FRSERREERESER FEELERS EG EEES sume cone
Slide 6: Sky Harbour Capital - PABs Obligated Group
Skyftarbour SKY HARBOUR CAPITAL - PABS OBLIGATED GROUP. ‘Step Up in 2025 with Three New Campus Openings (COST OF CONSTRUCTION AND CONSTRUCTED ASSETS quae nevews orerarnc ares dernier comer awniens ss . 7 = o os 3 2 2 Fi as a 8 1s * os os ° B 3 ° BESSSEEEEEES SESERRSESS Se SESSESSESEESS sean covurarn
Slide 7: Site Acquisition
Skyftarbour SITE ACQUISITION Reaffirming Guidance of 5 New Ground Lease Announcements by Year-end i200 Ail by Expected Lease Commencerrent Date
Slide 8: Leasing Update
Skyllarbour LEASING UPDATE Campuses in Operation, Lease-Up, and Pre-Lease SGR BNA OPF1 SIC CMA BFI DVT1 ADS1 APAT Occupancy? 100% 89% 100% 100% 78% a) e a © Cn oe ee ee) ee) ‘SF 66,080 149,069 160,092 50,411 wir 90,058 134,270 137,835 130,550 RevenueRSF $21.22 $3347 «$3925 «$79.65 $31334 $2483 $29.7
Slide 9: Manufacturing and Construction
Skyllarbour MANUFACTURING AND CONSTRUCTION Configured for Scale Phil Amos Head of Conscton ASCEND David Annin Doug Bush ‘Scott Davidson Ron Heidelberg Steven Martinez Matt Opuszenski_ David Sherman Dir, Development VP Special Projects VP General Contracting Head of Manufacturing VP Development ‘VP A
Slide 10: Drawdown Warehouse Bank Facility
Skyflarbour DRAWDOWN “WAREHOUSE” BANK FACILITY vv Advanced Discussions with Major U.S. Financial Institution Y $200mm VY 5 Year Term WY 80% SOFR* + 2% = 5.47% Y Closing expected on or about August 28!” ‘indicative. SOFR based on CME 3-manth Term SOFR of 436% 0s of 1/2025, **Subjet fra documentotn an
Slide 11: Drawdown Facility Schedule
Skyftarbour DRAWDOWN FACILITY SCHEDULE Projected Monthly Construction Spend and Facility Draws Benefits Funding Construction of ADS2, BDL, POUT, SLC, and TIN; eee ~ beuyes ey Fann com * raw Downvissuance as Needed * Optimizes Timing of General * lating interest Rate Contacting 1 ies Braga aby + Fey
Slide 12: Q2 Highlights
Q2 HIGHLIGHTS o1 SITE ACQUISITION + 18 Airport Ground Leases * Rich Pipeline © Tiee-1 SHER Targeting 02 DEVELOPMENT 03 LEASING 04 OPERATIONS ‘Next-Phase Construction Leadership in Place Development processes in place to achieve ‘uality, speed and cost goals, DVT & ADS Certificates of Occupancy Const
Slide 13: Looking Forward
Skyflarbour LOOKING FORWARD Order-of-Magnitude Scale-Up 01 SITE ACQUISITION Target: Max revenue capture On course to meet 2025 acquisitions target Team growth 02 03 04 DEVELOPMENT LEASING ‘OPERATIONS. System in place Team growth — veteran advantage + Resident feedback loop + evangelism Time to execu
Slide 14: Questions
SkyHarbour QUESTIONS
Slide 15: SkyHarbour
— SkyHarbour -