Avation Plc · LSE:AVAP
Avation — Investor Presentation (May 2024)
20 slides from Avation's investor presentation, May 2024
Slide 1: Corporate Update May 2024
Equity Ticker LSE: AVAP.L Warrants Ticker LSE:AVAW.L Bond Ticker LU: AVTCAP Corporate Update May 2024
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
Snapshot (as at 31 March 2024) Customers 18%/52%/30% 34 16 Airline split of located in 14 Widebody/narrowbody Aircraft Customers Countries /turboprop aircraft by value 7.1 Years 4.4 Years US$423Mn Weighted Average US$1.2Bn Unearned contracted Weighted Average Total asset value (1) Remaining Lease le
Slide 4: Portfolio
Portfolio (as at 31 March 2024) Balanced fleet with orderbook and Purchase Rights By Value* Purchase Aircraft Type Fleet Orders Rights Turboprop Aircraft ATR 72-600 15 12 24 Turboprop 30% ATR 72-500 4 - - Widebody Narrowbody Aircraft 18% A321-200 6 - - A320-200 2 - - A220-300 5 - - Widebody Aircraft
Slide 5: Orderbook and Purchase Rights
Orderbook and Purchase Rights Firm Aircraft Orderbook • 12 ATR72-600 on order with low CO2 PW 127XT-M engines • Ascend Market Value is $22.5 million per aircraft • 10 ATR 72 aircraft for delivery between Q4 2025 and Q1 2028. All aircraft are expected to be 100% SAF compatible. Purchase Rights • 24 A
Slide 6: Core Competencies
Core Competencies Since inception in 2006 • Purchasing Total 73 Aircraft purchased with US$1.9 billion invested • Leasing Executed 81 Leases with 31 Airlines in 21 Countries • Financing US$1.9 billion debt raised • Sales 39 aircraft sold • Transitions 14 aircraft transitioned • Repossessions 19 airc
Slide 7: Customers
Customers 16 Airline Customers 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 Danish Air Transport ATR 72-600 2 US Bangla ATR 72-600 2 Cebu Pacific ATR72-600 1 Cebu Pacific A
Slide 8: Lease Expiry Profile
Lease Expiry Profile Lease Expiry 9 8 1 Number of Aircraft 7 1 6 5 1 4 4 6 4 1 1 3 2 2 3 1 2 2 1 1 1 1 1 0 0 2024 2025 2026 2027 2028 2029 2030 2031 2032 ATR 72-500 ATR 72-600 A 320-200 A 321-200 A220-300 A 330-300 777-300ER 8
Slide 9: Liability Structure
Liability Structure As at 17 May 2024 Loan Maturities 500 448 450 400 350 $m 300 332 250 200 150 100 87 67 41 59 - 8- 46 - 10 30 50 87 - 75 18 20 49 58 46 - 30 - - 18 20 - 2024 2025 2026 2027 2028 2029 2030 2031 Secured loans Warehouse loan Unsecured 9
Slide 10: ATR Program
ATR Program avdation PLC A Successful Program YL @ S™-= ZB +200 100 1,800 1,600 36M +1B operators countries aircraft sold deliveries flights passengers sm it remote regions, our purpose is to deliver air innovative, ee ac and modern way. —
Slide 11: ATR Customer Base
ATR Customer Base avation PLC A diverse customer base... #Operators B+ @ +200 operators PAP 100 cov Various operations: Regional Airlines, Network Carriers, LCC, Charters, Cargo, VIP, Special Mission 4320 737NG ATTIRE Family Family Dash 11
Slide 12: ATR Replacement Opportunity
ATR Replacement Opportunity over retirement age 12
Slide 13: ATR 100% SAF in 2025
ATR 100% SAF in 2025 avation PLC Delivering responsible aviation The road towards 100% SAF capability g& 100% fossil free bio fuel ’ ¥ GS a 80% 6, eriissions oo =_> 14 @ CO2/seatikm ¥% (+) -_ a x10 @ 2G Jun-2022 & 2025 BRA Perfect fli Successful test flights BRA perfect flight #2 100% SAF capable 50
Slide 14: Green Finance Award
Green Finance Award Avation first commercial aircraft Green Loan 14
Slide 15: Aircraft Values Rising
Aircraft Values Rising Source: Cirium In times of inflation, aircraft values rise 15
Slide 16: Long Term Debt
Long Term Debt As at 31 December 2023, 96.2% of total debt was at fixed or hedged interest rates 16
Slide 17: FY2024 Focus
FY2024 Focus • Continually reducing debt servicing obligations so as to improve cashflow position of the Company • Organic ATR growth and additional narrowbody aircraft to the fleet • Market ATR turboprops to airlines which are at the forefront of reducing CO2 emissions • Buyback shares and reduce o
Slide 18: Rising Values
Rising Values • Widebody aircraft such as our B777-300ER are also rising in value. 18
Slide 19: Conclusion
Conclusion Leverage core competencies Organic growth with market recovery Harness ATR innovation - low CO2 emissions Refinance to improve shareholder returns 19
Slide 20: Avation PLC Contacts
Contacts Avation PLC 65 Kampong Bahru Road Singapore 169370 Phone: + 65 6252 2077 www.avation.net Jeff Chatfield Iain Cawte Executive Chairman Chief Financial Officer jeff@avation.net iain@avation.net Ashley Nicholas Tracy Wun Duncan Scott Director – Corporate Finance Director – Investor Relations G