Aercap Holdings N.v. · NYSE:AER
Aercap — Investor Presentation (March 2024)
16 slides from Aercap's investor presentation, March 2024
Slide 1: Fireside Chat
FIRESIDE CHAT TOM SLATTERY RICHARD GREENER EVP AERCAP ENGINES HEAD OF CARGO PAT SHEEDY JOSEPH MCGINLEY PRESIDENT & CEO, HEAD OF INVESTOR MILESTONE AVIATION RELATIONS MODERATOR
Slide 2: Engines
High Res Engine Photo to be added ENGINES TOM SLATTERY EVP AERCAP ENGINES
Slide 3: AerCap Engines – Investment Case
AERCAP ENGINES – INVESTMENT CASE The global leader in engine leasing Fleet of >1,000 Engines, Built in Partnership with GE and CFM Organic Growth Driver; ~$8 Billion of Commitments Since 2022 Strong Synergies with Pax Business to Consistently Monetize Maintenance Value Plays a Key Role in Supporting
Slide 4: Market Positioning
MARKET POSITIONING AerCap Engines and SES portfolios are predominantly comprised of new technology engines, allowing AerCap to provide tailored fleet solutions to customers >600 >1,000 >400 SPARE ENGINES Engines Engines • Provides a range of engine fleet • Shannon Engine Support “SES” is a solutions
Slide 5: Engine Asset Management
ENGINE ASSET MANAGEMENT Providing efficient engine solutions to customers around the world Operating Engine Structured Short-term Asset Leases Exchanges Products Rentals Management Portfolio optimization AOG response - Lease days / Meeting airlines and via technical expertise terms generally Asset m
Slide 6: Market Positioning
MARKET POSITIONING AerCap Engines and SES portfolios are predominantly comprised of new technology engines, allowing AerCap to provide tailored fleet solutions to customers AerCap Engine Offices Dublin, Shannon, Dubai, Singapore, Miami, Cincinnati Principal Engine Locations Ireland, UK, Germany, Dal
Slide 7: Importance of Managing the Engine Lifecycle
IMPORTANCE OF MANAGING THE ENGINE LIFECYCLE Engine re-investment is similar to the acquisition cost of a narrowbody aircraft Engine Maintenance Spend versus Time ($ million) • Total spend ~$53 million (2024 prices) 60 • Opportunity to avoid ~20% of total spend utilizing AerCap 50 Engines strategies
Slide 8: AerCap Value Proposition
AERCAP VALUE PROPOSITION 2. Re–Market & Transition 1. New Equipment Placement 3. Extend Value Design & Test 1. First to market 2. Transition Advantage 3. Value Extension Global airline and manufacturer connection Price / return advantage • Engine leasing Unique view of market trends / needs Expertis
Slide 9: Cargo
CARGO RICHARD GREENER HEAD OF CARGO
Slide 10: AerCap Cargo – Investment Case
AERCAP CARGO – INVESTMENT CASE Global leader in the air freighter lease market 120 Aircraft Committed to Cargo Portfolio and Programs Complementary Synergies Giving Optionality for Passenger Aircraft Adds More Economic life to an Aircraft with Lower Transition Costs Experienced In Conversion Program
Slide 11: Air Cargo Market Update
AIR CARGO MARKET UPDATE Several factors support the long-term investment in air cargo Long Term Growth Aircraft Replacement E-Commerce Manufacturers Shipping Platforms Direct-to-Consumer to Air Cargo • Air cargo growth expected • Freighter replacement of 4.1% p.a. wave over the next 10 years in all
Slide 12: AerCap Cargo Portfolio Update
AERCAP CARGO PORTFOLIO UPDATE Near term growth will come from three Best-in-Class Cargo Conversion Programs B737-800BCF A321-200F B777-300ERSF • 60 owned aircraft converted • 15 firm orders, 1st converted aircraft • Certification on track for mid-2024 delivered in 2023 • 12 further conversion slots
Slide 13: Milestone
MILESTONE PAT SHEEDY PRESIDENT & CEO, MILESTONE AVIATION
Slide 14: Milestone – Investment Case
MILESTONE – INVESTMENT CASE The global leader in the helicopter market Globally Diversified Portfolio with >300 Helicopters and ~50 Customers Benefitting From Cyclical Upturn in Demand Across Mission Types Experience in Transitioning Assets Between Operators, Regions and Missions OEM Supply Constrai
Slide 15: Helicopter Supply Chain
HELICOPTER SUPPLY CHAIN Milestone provides efficient capital solutions to operators OEMs Lessors Operators End-Users Primarily IG-rated; consisting Mature OEM market Provide efficient financing Operate helicopters on of government with helicopter production solutions to operators contract for end-us
Slide 16: Wide Range of Primary Missions
WIDE RANGE OF PRIMARY MISSIONS OFFSHORE PAX TRANSPORT EMERGENCY MEDICAL SERVICES SEARCH & RESCUE UTILITY / FIRE / DEFENSE © AerCap 77