Aercap Holdings N.v. · NYSE:AER
Aercap — Q3 2021 Earnings Presentation
17 slides from Aercap's earnings presentation, Nov 10, 2021
Slide 1: Third Quarter 2021 Financial Results
Third Quarter 2021 Financial Results AerCap Holdings N.V. November 10 , 2021 The picture can't be displayed. The picture can't be displayed.
Slide 2: Disclaimer Incl. Forward Looking Statements & Safe Harbor
Disclaimer Incl. Forward Looking Statements & Safe Harbor This presentation contains certain statements, estimates and forecasts with Further information regarding these and other risks is included in AerCap's respect to future performance and events. These statements, estimates and annual report on
Slide 3: Key Highlights
Key Highlights World’s major markets are leading the air travel recovery We have successfully closed the GECAS acquisition AerCap is the global leader in aviation leasing © AerCap | Confidential property of the company, not for disclosure or use without permission 3
Slide 4: Major Markets Recovery Well Underway
Major Markets Recovery Well Underway Travel in the U.S., Europe and China is leading the global recovery in air travel “Big 3” vs. Rest of World Departures “Big 3” vs. Rest of World % 2019 Flight Schedules 55,000 90% 85% 50,000 85% 80% 45,000 March 10 - GECAS 75% Acquisition Announced March 10 - GEC
Slide 5: The Global Leader in Aviation Leasing
The Global Leader in Aviation Leasing AIRCRAFT ENGINES HELICOPTERS #1 #1 #1 Key Highlights Key Highlights Key Highlights World’s #1 lessor World’s #1 lessor World’s #1 lessor ~7-year average remaining lease term Synergy opportunities >300 helicopters across ~40 customers Attractive freighter busines
Slide 6: AerCap Leads in New Technology Aircraft
AerCap Leads in New Technology Aircraft AerCap is the world’s largest owner of the most fuel-efficient, environmentally friendly commercial aircraft Funding plan through December 2018 New Technology Aircraft (% of NBV) 6% 36% 63% ~60% Combined ~75% Company TARGET 2014 2017 2020 20211 20241 100% 90%
Slide 7: Revenues and Other Income
Revenues and Other Income ($ million) 3Q 2021 3Q 2020 Basic lease rents decreased primarily due to lease restructurings, Basic Lease Rents 848 897 transitions and the impact of airline bankruptcies Maintenance Rents and Other Receipts 110 91 Maintenance rents and other Net Gain on Sale of Assets
Slide 8: Expenses
Expenses ($ million) 3Q 2021 3Q 2020 Depreciation and amortization Depreciation and Amortization 393 416 decreased primarily due to a lower lease assets balance Asset Impairment 49 973 Asset impairment charges in 3Q 2021 related to lease terminations and Interest Expense 287 307 were largely off
Slide 9: Net Income and Earnings Per Share
Net Income and Earnings Per Share ($ million, except per share amounts) 3Q 2021 3Q 2020 Net Income (Loss) 434 (850) Diluted Earnings (Loss) Per Share 3.35 (6.66) ($ million, except per share amounts) 3Q 2021 3Q 2020 Net Income (Loss) 434 (850) Transaction-related Expenses 101 - Income Tax Benefi
Slide 10: Pro Forma Liquidity Position
Pro Forma Liquidity Position Next 12 months’ sources-to-uses coverage of 2.1x, with ~$18 billion sources of liquidity Sources vs. Uses (Next 12 Months) (as of September 30, 2021) ~$9 billion of excess cash coverage ($ billion) 18.0 16.5 Secured debt-to-total assets ratio of 15.0 ~$5 Excess ~16%,
Slide 11: Q&A
Q&A The picture can't be displayed. The picture can't be displayed.
Slide 12: Supplemental Information
Supplemental Information The picture can't be displayed. The picture can't be displayed.
Slide 13: High-Quality and Well-Diversified Portfolio
High-Quality and Well-Diversified Portfolio New technology aircraft comprise ~60% of the combined company fleet Number of % Net Number of Managed Number of Total Aircraft Type Owned Aircraft Book Value Aircraft on Order Aircraft Aircraft Passenger Aircraft 1,695 98% 188 436 2,319 Airbus A220 Family
Slide 14: Forward Orders and Purchase/Leasebacks
Forward Orders and Purchase/Leasebacks Aircraft Type 2021 2022 2023 2024 2025 Thereafter Total Airbus A220 Family 2 6 3 - - - 11 Airbus A320neo Family 21 58 55 51 48 45 278 Airbus A330neo Family - 1 6 5 - - 12 Boeing 737 MAX 6 5 12 18 19 12 72 Boeing 787 - 7 1 4 6 7 25 Embraer E190 / 195-E2 - 5 - 11
Slide 15: Capital Structure
Capital Structure Pro Forma for AerCap Stand-Alone GECAS Acquisition Adjusted Debt/Equity Calculation ($ million) Sept. 30, 2021 Sept. 30, 2021 Dec. 31, 2020 Debt (including fair value adjustments) 51,477 27,540 28,742 Adjusted for: Unrestricted cash & cash equivalents (1,651) (1,311) (1,249) 50
Slide 16: Endnotes
Endnotes SLIDE 4: Major Markets Recovery Well Underway Flight schedules: Cirium, as of November 1, 2021 SLIDE 5: The Global Leader in Aviation Leasing As of September 30, 2021. Net book value % based on September 30, 2021 pro forma estimates. SLIDE 6: AerCap Leads in New Technology Aircraft 1. Perce
Slide 17: AerCap House, Dublin
AerCap House T: +353 1 819 2010 65 St Stephens Green E: contact@aercap.com Dublin D02 YX20 W: aercap.com Ireland The picture can't be displayed. The picture can't be displayed.