Slide 1: Corporate Update May 2025
Equity Ticker LSE: AVAP.L Warrants Ticker LSE:AVAW.L Bond Ticker LU: AVTCAP Corporate Update May 2025
Slide 2: Important Notice
Important Notice Some of the statements in this presentation constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. These forward-looking statements reflect the Company’s current intentions, plans, expectations, assumptions and beliefs about future ev
Slide 3: Snapshot (at 30 April 2025)
Snapshot (at 30 April 2025) 18%/56%/26% 33 16 Airline Customers in Aircraft Customers 14 Countries Widebody/Narrowbody /Turboprop by value 8.3 Years 4.0 Years US$1.08B US$373M Average Average Remaining Unearned contracted Aircraft Age Lease Term Total asset value (1) revenues 1.As at 31 December 202
Slide 4: Portfolio
Portfolio Balanced fleet with Orderbook and Purchase Rights Aircraft Type By Net Book Value Purchase Aircraft Type Fleet Orders Rights Turboprop Aircraft Turboprop 26% ATR 72-600 13 11 24 ATR 72-500 4 - - Widebody 18% Narrowbody Aircraft A321-200 6 - - A320-200 3 - - A220-300 5 - - Widebody Aircraft
Slide 5: A full leasing platform & proven track record
A full leasing platform & proven track record Proven expansion and monetisation track record backed by Lower leverage and steady coverage ratio led by prudent excellent asset management capital management • In 1H25, 2 new ATR72-600 were placed for lease 3.0x 2.6x 2.5x 2.5x 2.5x 2.5x 1.4x 1.9x 1.8x 1
Slide 6: Customers
Customers 16 Airlines in 14 Countries Airline Aircraft Number Vietjet A321-200 6 Air Baltic A220-300 5 Aerlink ATR 72-500 3 Mandarin ATR 72-600 3 Alliance Air ATR 72-600 2 Braathens ATR 72-600 2 US Bangla ATR 72-600 2 Cebu Pacific ATR72-600 1 Cebu Pacific A320-200 1 Philippine Airlines B777-300ER 1
Slide 7: Orderbook and Purchase Rights
Orderbook and Purchase Rights Orderbook • 11 ATR72-600 on order for delivery between Q1 2025 and Q2 2028. • Market value $23 million per aircraft. (1) • All aircraft feature latest PW127-XT engines and are expected to be 100% SAF compatible. • Aircraft scheduled for delivery in March 2025 has been p
Slide 8: Loan maturity profile
Loan maturity profile Avation is currently exploring options to refinance unsecured notes due October 2026. 8
Slide 9: Lease expiry profile
Lease expiry profile avation PLC Lease Expiry 6 0 i FY2026 FY2027 FY2028 FY2029 FY2030 FY2031 FY2032 Number of Aircraft wo oa Ny B @ATR72-500 MATR72-600 MA 320-200 MA321-200 mA220-300 mA330-300 m777-300ER mB737-800
Slide 10: Outlook - aircraft financing and leasing market
Outlook - aircraft financing and leasing market ~45,000 deliveries is anticipated between 2025 and 2044 Demand for aircraft is as good as it has ever been across the global passenger fleet Passenger Fleet Evolution by Aircraft Class 60,000 21,000 Grow CAGR: 2.7% 50,000 40,000 45,000 New Deliveries 3
Slide 11: Favourable leasing environment with strong demand
Favourable leasing environment with strong demand Avation is set to benefit from the strong rebound of global air Its diversified fleet demonstrates strategic alignment with the traffic and the rise of APAC market market’s anticipated demand shifts World air traffic Avation’s fleet breakdown by Cumu
Slide 12: Upward Trend In Market Values
Upward Trend In Market Values Market values for popular aircraft types have increased due to supply chain issues, improved demand for air travel etc. 10-year old aircraft (1) 60 50 40 30 20 10 0 ATR 72-600 A320-200 A321-200 A330-300 B777-300ER 2023 2024 2025 1. Half-life condition, basic configurati
Slide 13: Company vision and growth strategy
Company vision and growth strategy Viable strategy with strong execution capabilities • Refinance secured loans to generate liquidity Optimize capital structure • Release restricted cash from surplus Maintenance Reserves (“MRs”) • Option to reduce unsecured debt ticket size to c.US$250mn-275mn • Tra
Slide 14: ATR Program
ATR Program avation PLC A Successful Program +200 100 1,800 1,600 36M +1B operators countries aircraft sold deliveries flights passengers From the world’s largest ci nlanet’s ‘remote regions, our purpose is to deliver air travel to people, communities and businesses in an innovative, sustainable and
Slide 15: ATR Replacement Opportunity
ATR Replacement Opportunity over retirement age 15
Slide 16: Conclusion
Conclusion Market conditions are supportive Fleet is 100% leased Orderbook and purchase rights provide growth opportunity 16
Slide 17: Avation PLC
Contacts Avation PLC 65 Kampong Bahru Road Singapore 169370 Phone: + 65 6252 2077 www.avation.net Jeff Chatfield Iain Cawte Ashley Nicholas Duncan Scott Executive Chairman Chief Financial Officer Director – Corporate Finance Group General Counsel jeff@avation.net iain@avation.net ashley@avation.net