Aar Corp. · NYSE:AIR

Aar — Jefferies 2026 Global Industrials Conference

15 slides from Aar's conference presentation, 2026

  1. Slide 1: Jefferies 2026 Global Industrials Conference

    Jefferies 2026 Global Industrials Conference John M. Holmes Chairman, President and Chief Executive Officer © 2026 AAR CORP. All rights reserved worldwide

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Note: All results and expectations in the presentation reflect continuing operations unless otherwise noted. This presentation contains certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking state

  3. Slide 3: The Independent Leader in the Aviation Aftermarket

    The Independent Leader in the Aviation Aftermarket Helping customers increase efficiency and reduce costs while maintaining high levels of quality, service, and safety FY 2026 Government Repair, AIR $3.3B Parts Supply Engineering Sales by & Software customer type NYSE Listed FY 2026 Sales Commercial

  4. Slide 4: From Legacy Operator to High-Quality Aviation Platform

    From Legacy Operator to High-Quality Aviation Platform 2018 What has changed Today • New Chairman/CEO & CFO LEADERSHIP • Broad, less-focused revenue mix • Highly strategic aviation • New leadership bench with 25+ years avg. industry tenure aftermarket platform • Lower-margin services • Highly discip

  5. Slide 5: Track Record of Strong Financial Performance

    Track Record of Strong Financial Performance Driving significant growth and margin expansion over the past 4 years Adj. Sales ($M) Adj. EBITDA ($M) Adj. EPS and margin (%) ~15% CAGR ~28% CAGR +31% CAGR ~500 bps of Margin Expansion $3,308 $2,748 $401 $5.05 $2,321 12.1% $324 $1,991 $3.91 $1,817 11.8%

  6. Slide 6: © 2026 AAR CORP. All rights reserved worldwide

    © 2026 AAR CORP. All rights reserved worldwide 6

  7. Slide 7: AAR's Key Focus Areas

    AAR’s Key Focus Areas PARTS REPAIR SOFTWARE New Parts Distribution Airframe MRO (Heavy Maintenance) AAR Software • Large independent provider with scale, global • High value, complex repairs on current & next- • Comprehensive, cloud-based ERP system used presence, & two-way exclusive agreements gen

  8. Slide 8: Integrated Business: Platform for Self-Reinforcing Growth

    Integrated Business: Platform for Self-Reinforcing Growth Parts • New parts Distribution drives long-term relationships with OEMs • OEM relationships support technical requirements for Component MRO • Highly transactional USM business Software keeps us in close contact with Parts • Data available th

  9. Slide 9: Highly Diversified Base of Customers and OEMs

    Highly Diversified Base of Customers and OEMs Trusted partner with 15+ year relationships with each of top 10 customers Commercial customers OEMs Government and military customers US: Air Force; Navy; Army; Department of State Colombia: Air Force Japan: Ministry of Defense Netherlands: Royal Netherl

  10. Slide 10: © 2026 AAR CORP. All rights reserved worldwide

    © 2026 AAR CORP. All rights reserved worldwide 10

  11. Slide 11: Appendix

    APPENDIX © 2026 AAR CORP. All rights reserved worldwide 11

  12. Slide 12: Non-GAAP financial measures

    Non-GAAP financial measures Adjusted sales, Adjusted EBITDA, Adjusted EBITDA margin – FY 2021 to FY 2026 ($ in millions) FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Sales $1,652.3 $1,820.0 $1,990.5 $2,318.9 $2,780.5 $3,308.0 Contract termination/restructuring & loss provision, net and bankruptcy

  13. Slide 13: Non-GAAP financial measures

    Non-GAAP financial measures Adjusted diluted earnings per share – FY 2021 to FY 2026 Year ended May 31, ($ in millions) FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 Diluted earnings (loss) per share from continuing operations $1.30 $2.16 $2.52 $1.29 $0.35 $4.86 Acquisition, integration and amorti

  14. Slide 14: Non-GAAP financial measures

    Non-GAAP financial measures Adjusted sales, Adjusted EBITDA, Adjusted EBITDA margin – FY 2018 Adjusted Sales & Adjusted EBITDA Year ended May 31, ($ in millions) 2018 Sales $1,748.3 Net income 15.6 Net income margin 0.9% Sales $1,748.3 Contract termination/restructuring & loss provision, net - Adjus

  15. Slide 15: Non-GAAP financial measures

    Non-GAAP financial measures Adjusted diluted earnings per share – FY 2018 Adjusted diluted EPS from continuing operations ($ in millions) 2018 Diluted EPS $ 0.41 Loss from discontinued operations 1.71 Severance charges 0.09 Deferred tax re-measurement from the Tax Cuts and Jobs Act (0.41) Tax effect

AAR — Jefferies 2026 Global Industrials Conference on 6ix