Sky Harbour Group Corporation · NYSE:SKYH
Sky Harbour — Q2 2026 Earnings Presentation
18 slides from Sky Harbour's earnings presentation, Aug 12, 2026
Slide 1: Second Quarter 2026 Earnings Webcast
Slide 2: Seaton ues goat ea anger
Seaton ues goat ea anger of the Une States Pate Scie leet eter wi “expec atop ‘hath arse ron ernator rl cers oar Skyllarbour ==
Slide 3: Sky Harbour
Skyllarbour
Slide 4: Presenters
PRESENTERS TAL FRANCISCO TIM KEINAN GONZALEZ HERR, Chief Chief Treasurer & Executive Offfeer Financial Officer SVP Finance MICHAEL SCHMITT ANDREAS Ghief Accounting Officer
Slide 5: Sky Harbour Group Corp Financial Results
SKY HARBOUR GROUP CORP FINANCIAL RESULTS Construction Accelerating, Increasing Revenues, Operating Cash Flow Positive adnamcoiiacmedimnies lieu ssc — — J i : s : : ul | ! | | | : SBBES CATING ASUS CGRSCRRSSSSSSERSSS [NETCASH FLOW USEDIN OPERATING ACTINTIES SESSRERRZEREERRERE 358855595 peice peeeebes
Slide 6: Sky Harbour Capital — Series 2021 Obligated Group
SkyHlarbour SKY HARBOUR CAPITAL — SERIES 2021 OBLIGATED GROUP Expected Operating Leverage From Upcoming Final Two Phase Il Completions OST OF CONSTRUCTION AND CONSTRUCTED ASSETS QUARTERLY REVENUES OPERATING EXPENSESE Tontiow erations Genie oy ° ° ° SSEEESESERSSSERSES SSRSSRERERRSSERSES SSESSRESESESE
Slide 7: Adjusted EBITDA
ADJUSTED EBITDA Reporting of Quarterly Adjusted EBITDA ‘Adjusted EBITOA defined as net income before: (depreciation and amortization expense (id interest expense Gi) interest income (jw)_nan-cash stock-based compensation expense (¥) non-cash gains and losses resulting from the change in fair value o
Slide 8: Leasing Update
SkyHlarbour LEASING UPDATE Campuses in Operation, Lease-Up, and Pre-Lease Pe of August 1, 2036 ‘GR PRE-LEASING NA sic CMA | OPCs) VT A051 APAT | tADteaDLSIC2 ReverweRunfate | St4mm $5imm ——$48mm Sin Sdmm $180 = fees 6000 soa toarsa | amas vise rane! 30800 fenomicOexipare? 100% 2% 1 ae 0% 16% 0% 1% ¥
Slide 9: Site Acquisition
SkyHlarbour SITE ACQUISITION Over 4 million square feet of development in pipeline across 22-23 airports Emphasis Maimaam NO-Capte ‘ky Harbour Portfolio Square Footage in Operation and Development” 4500000 1535577 4087949 400.000 3,800,000 3,000,000 asi72 2,500,000 am 2,900,000 100.000 i534 900.000
Slide 10: California Expansion
the Me B KF CALIFORNIA EXPANSION Ss Aircraft Ownership Surge 4 37 New Billionaires in Last 12 Months SIC Phase 2 ting Construction in Qi 2027 + Fully Pre-Leased Los Angeles + Expanding BizAv Metro Footprint + Adding to existing network of Camarillo (CMA) and Long Beach (LGB) mig LACaapue
Slide 11: Development Update
SkyHlarbour DEVELOPMENT UPDATE Projected Construction Pipeline Accelerating 2025 | 206 i amr |e oF a @ Delivery by March 2027 BDL Delivery by December 2026
Slide 12: Fortress of Liquidity
SkyHlarbour FORTRESS OF LIQUIDITY Key to Prudent Funding of Growth Capital Opportunistically & kd US Treasuries, Cash and Committed Bank Facility! (In thousands) ee Sneanies < i yeseres ~$337.2 Million Inlieu ofa portion oral dividends inthe Public ATM or marketed oferings ay ear Registered Direct P
Slide 13: Registered Direct Placement of $40MM in Common Stock
Sky REGISTERED DIRECT PLACEMENT OF $40MM IN COMMON STOCK Reverse Inquiry by Two Investors with Strategic Relationships ‘Sky Harbour Equity Capital Formation to Date* + Funds managed by two investors anchored by Oasis Management Company — + Use of Net Proceeds to be paired with new tax-exempt debt 2m
Slide 14: Reaffirming 2026 EOY Guidance
SkyHlarbour REAFFIRMING 2026 EOY GUIDANCE $42M-$46M $4M-$6M
Slide 15: Q2 Highlights
Skyllarbour Q2 HIGHLIGHTS 01 SITE ACQUISITION * Dulles Expansion (SWE there) + SIC Expansion (Same) + NY nod (TEB West) 02 03 04 DEVELOPMENT LEASING ‘OPERATIONS * BDL, ADS2, SLC, POUI, ORLI On Schedule, On * OP Fleasing up at Ties Trates (SWE.IAD, SIC * OPEX eficiency gains from Phase Il leverage Bu
Slide 16: Looking Forward
SkyHlarbour LOOKING FORWARD Scaling at planned rate. Introducing efficiencies. 01 SITE ACQUISITION + Max NOI capture + Sqfiage-> SHER => OFEX + More: + Same-iels/ Same Metro exparions Ne eld announcements 02 03 04 DEVELOPMENT. LEASING OPERATIONS * 609K square feet now under : 5 165068 soft to be rel
Slide 17: Questions
QUESTIONS
Slide 18: Sky Harbour
— SkyHarbour -