Slide 1: Fiscal Q1 2025 Earnings Call
Fiscal Q1 2025 Earnings Call NYSE: AIR September 23, 2024
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 statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Lit
Slide 3: Q1 2025 highlights
Q1 2025 highlights • Solid results across our portfolio As compared to Q1 2024 Consolidated commercial sales increased 20% Sales $662 M +20% Consolidated government sales increased 20% Adj EBITDA 11.3% +180bps • Continued execution against long-term initiatives margin Strong organic growth in
Slide 4: Parts Supply
Parts Supply $ millions Fiscal Q1-25 Y/Y delta Sales $249.7 + $12.9 Adj op income $30.1 + $3.8 Adj op margin (%) 12.1% + 100 bps • Sales up 5% vs. Q1 ’24 Signed multiple long-term distribution agreements with Ontic that expand existing defense and commercial partnerships, enhance service Distribut
Slide 5: Repair & Engineering
Repair & Engineering $ millions Fiscal Q1-25 Y/Y delta Sales $217.6 + $80.1 Adj op income $24.3 + $15.2 Adj op margin (%) 11.2% + 460 bps • Sales growth driven by Product Support acquisition Strong demand for airframe heavy maintenance • Key drivers Airframe hangars at near full capacity Stron
Slide 6: Integrated Solutions
Integrated Solutions $ millions Fiscal Q1-25 Y/Y delta Sales $168.9 + $12.6 Adj op income $10.5 + $0.2 Adj op margin (%) 6.2% - (40 bps) • Sales up 6% vs. Q1 ’24 Commercial programs up 12% Government programs ~flat • Key drivers Integrated aftermarket sustainment demand • Adjusted operating in
Slide 7: Appendix
<2 AAR Doing It Right’ Appendix
Slide 8: Non-GAAP financial measures
Non-GAAP financial measures This presentation includes financial results for the Company with respect to adjusted diluted earnings per share from continuing operations, adjusted sales, adjusted EBITDA and adjusted operating income, which are “non-GAAP financial measures” as defined in Regulation G o
Slide 9: Non-GAAP financial measures
Non-GAAP financial measures Adjusted sales, operating income, operating margin, EBITDA, and EBITDA margin Q1 FY25 Q1 FY24 Parts Repair & Integrated Expeditionary Corporate Parts Repair & Integrated Expeditionary Corporate ($ in millions) Supply Engineering Solutions Services & Other Consolidated Sup
Slide 10: Non-GAAP financial measures
Non-GAAP financial measures Adjusted EBITDA and EBITDA margin ($ in millions) Q1 FY25 Q1 FY24 Sales $661.7 $549.7 Net income (loss) 18.0 (0.6) Net income (loss) margin 2.7% -0.1% Net income (loss) $18.0 ($0.6) Income tax expense (benefit) 6.9 (6.9) Other expense, net 0.1 - Interest expense, net 18.3
Slide 11: Non-GAAP financial measures
Non-GAAP financial measures Adjusted diluted earnings per share ($ in millions) Q1 FY25 Q1 FY24 Diluted earnings (loss) per share $0.50 ($0.02) Acquisition, integration, and amortization expenses 0.25 0.08 Investigation costs 0.14 0.03 Contract termination costs 0.09 - Loss (Gain) related to sale of