Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — Shareholder Meeting (November 2025)
23 slides from Alliance Aviation Services's shareholder meeting presentation, Nov 27, 2025
Slide 1: Annual General Meeting 2025 announcement
Alliance Aviation Services Limited ACN 153 361 525 | ABN 96 153 361 525 PO Box 1126, Eagle Farm QLD 4009 T +61 7 3212 1212 | F +61 7 3212 1522 www.allianceairlines.com.au 27 November 2025 Alliance Aviation Services Limited (“Alliance” or “the Company”) (ASX: AQZ) Annual General Meeting 2025 Alliance
Slide 2: 27 November 2025
27 November 2025
Slide 3: Prior to the Meeting Commencing, please note
Prior to the Meeting Commencing, please note: Voting on the resolutions will be conducted by way of Poll. To ask an audio question, please click ‘Go to Web Phone’, A representative of Link Market Services will act as returning type in your name and hit the green call button. You will then officer fo
Slide 4: Disclaimer
Disclaimer This presentation was prepared by Alliance Aviation Services Limited (ACN 153 361 525) an invitation or offer of securities for subscription, purchase or sale in any jurisdiction. (“Alliance”). Certain market and industry data used in this presentation may have been Past performance, incl
Slide 5: Consideration of reports and questions
Consideration of reports and questions
Slide 6: Resolution 2: Adoption of Remuneration Report
Resolution 2 Adoption of Remuneration Report Section 250R(2) of the Abstaining Corporations Act requires Total available For the At proxy’s Against from the that the Remuneration valid votes resolution discretion the resolution resolution Report of the Company for the financial year ended 78,186,758
Slide 7: Resolution 3: Election of Mr Bernard Campbell
Resolution 3 Election of Non-Executive Director – Mr Bernard Campbell Pursuant to ASX Listing rule 14.1, Mr Bernard Mr Campbell is familiar with the Company having been heavily involved in the initial financing of the fleet prior to Company listing on Campbell, being a Non-Executive Director of the
Slide 8: Resolution 4: Election of Mr Simon Lange
Resolution 4 Election of Non-Executive Director – Mr Simon Lange Pursuant to ASX Listing rule 14.1, Mr Simon Lange, company’s international freighter airline. During his tenure, Airwork grew significantly, and on the completion of his career the company being a Non-Executive Director of the Company,
Slide 9: Resolution 5: Long-Term Incentive Plan issue to Mr Stewart Tully
Resolution 5 Approval of issue of securities under the Long-Term Incentive Plan to Mr Stewart Tully ASX Listing Rule 10.14 requires that shareholder Mr Stewart Tully, the Managing Director, can receive a 2025 Performance Incentive up to the value of 50% of his fixed annual approval be obtained for a
Slide 10: Resolution 6: Amendments to the Alliance Constitution
Resolution 6 Amendments to the Alliance Constitution The current Constitution of Alliance Aviation Services Under section 136 of the Corporations Act 2001, amendments to the Limited was adopted on 26 October 2011 (Constitution). Constitution may only be made by a special resolution of shareholders.
Slide 11: Key messages
Key messages Operational performance New Board and management remains resilient and long-term focused on executing near-term fundamentals remain sound. priorities to improve performance: • Optimising the core business Book value of fleet supported • Freeing up capital through sale of excess by indep
Slide 12: Recap of FY25 performance
Recap of FY25 performance Financial Highlights REVENUE AND INCOME $769.7m EBITDA $907 & FY24: $646.8m 19.0% Increase NET DEBT $378.1m & FY24:$178.4m 16.2% Increase OPERATING CASH FLOW $105.6m & FY24: $305.9m 23.6% Increase Vv FY24: $109.3m* 3.4% Decrease * Fy24: $1 FY24 $27. \i i | PROFIT BEFORE TAX
Slide 13: FY26 Earnings Guidance
FY26 Earnings Guidance FY26 Guidance Factors Impacting Guidance • Capex and depreciation review ongoing, with potential to Capital extend useful life of assets to reduce annual D&A charge Expenditure and EBITDA $190–$210 million Depreciation • $15M increase in year-on-year maintenance capex and asso
Slide 14: ACMI Contract Renegotiation
ACMI Contract Renegotiation Seeking to renegotiate a major wet lease contract Contract timeline Catalysts to seek an out of cycle contract review • Contract repricing mechanisms: Repricing Original ACMI contract signed with major wet mechanisms in original contract do not reflect industry- 2021 wide
Slide 15: Financial Position
Financial Position Balance sheet (at 31 Oct 2025) (Unaudited) • Compliant with all banking covenants • Total assets of $1,218.9m • FIFO business continues to trade profitably and deliver • Net Tangible Assets of $473.3m strong operating cash flows • Net Debt Position is $436m • Net debt of $436 mill
Slide 16: Taking decisive action to improve performance
Taking decisive action to improve performance Immediate priorities Operational performance remains robust, with highest Engaging with ACMI customers to negotiate an out of cycle pricing increase standards of customer service, safety and on-time performance Non-core asset review underway includin
Slide 17: Committed to improving performance and market transparency
Committed to improving performance and market transparency James Jackson Independent NED & Chairman Bernie Campbell Independent NED1 Simon Lange Independent NED1 Mark Stanton Process to appoint new CFO Independent NED well advanced. Stewart Tully Managing Director Jason Korman Non-Independent NED2 1
Slide 18: In Summary
In Summary Focused on navigating near-term Long-term fundamentals challenges. remain sound. • Operational performance remains resilient • One of Australia’s largest commercial aviation with primary FIFO and charter operations companies performing well • Critical transport partner and supplier to the
Slide 19: Alliance Airlines
Alliance AIRLINES
Slide 20: Chair Address – James Jackson: Key messages
Alliance Aviation Services Ltd 2025 Annual General Meeting Chair Address – James Jackson Key messages I would like to begin by acknowledging the Company’s recent Board and management changes and reassure our shareholders of our commitment to communicating transparently as we focus on improving perfo
Slide 21: Aviation Trading contribution and ACMI contract renegotiation
• The $18 million contribution from Aviation Trading to the forecast PBT ($46 to $50 million) is subject to timing and execution risk as related agreements may not be signed and performed as scheduled. • Reflecting the Board’s focus on improving performance from the core operations of the business,
Slide 22: Taking decisive action to improve performance
Taking decisive action to improve performance Turning to the decisive actions we are taking to improve performance. I am pleased to say that operational performance remains robust, with the highest standards of customer service, safety and on-time performance being maintained. We are focusing on a n
Slide 23: Board changes and In Summary
In his capacity as Managing Director Stewart Tully also joined the Board in August 2025. Finally, Jason Korman will join the Board officially next month, subject to the timings of formal processes. Jason is on the team at Viburnum Funds, which is a major shareholder, and brings strong capital market
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