Surf Air Mobility Inc. · NYSE:SRFM

Surf Air Mobility — Investor Presentation (September 2023)

21 slides from Surf Air Mobility's investor presentation, Sep 21, 2023

  1. Slide 1: Surf Air Mobility Investor Presentation September 2023

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3

  2. Slide 2: Forward Looking Statements

    F o r w ard L ooking S t a t ements A c t o f 1 9 3 3, as amended, and Se c tion 2 1 E o f the Securities E x change A c t o f 1 9 34, as amended. Forward - looking statements in this presentation include, among other things, statements about Surf Air Mobility Inc.’s (“Surf Air Mobility” or the “ C

  3. Slide 3: Surf Air Mobility aims to be first to commercialize green regional air travel

    © 2 0 2 3 S U R F A I R M O B I L I T Y Su r f A ir Mobility aims to be first to commercialize green regional air travel I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3

  4. Slide 4: Why it matters: if you make planes electric, everyone can afford it

    © 2 0 2 3 S U R F A I R M O B I L I T Y Example illustration of point - to - point regional flight network WH Y I T M A T TER S I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 If y ou ma k e planes ele c tri c , e v e r y one c an af f ord it As flying bec omes cheaper f or both

  5. Slide 5: Electric airplanes will unlock a new mass transit solution

    LAR GE ADDRE SS ABLE MARKET Ele c tric airplanes wi l l unlock a new mass transit solution W e c an r eplace long dri v es and o v e r cro w ded c omme r cial airpo r ts with seamless poin t - to - point air tr a v el (1) “Short - haul flying redefined: The promise of regional air mobility”, McKinse

  6. Slide 6: Our approach: established Regional Air Mobility platform

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 Es t ablished R egional A ir Mobility (“RA M ”) pl at f orm (1) B y scheduled depa r t u r es F as test p a th to electrification - U pgrading e xisting ai rcraft through de - ris k ed & capit

  7. Slide 7: Where we fit: differentiated moat vs. peers

    $101M WHERE WE FIT PUBLIC REVENUE C O N S U M E R SE R VIC E S U R F A I R M O B I L I T Y UNI Q U E A D V AN T A G E S Unique, exclusive relationship with largest general aviation manufacturer Flying passengers tod a y on es t ablished c onsumer brands Speed to ma r k et by using e xisting airpo r

  8. Slide 8: Unprecedented commercial relationships

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 P A R T N E R S H I P S ( 1 ) Unprecedented c omme r cial r el a tionships Our leading position in r egional air mobility has enabled us to put c omme r cial r el a tionships in place with ind

  9. Slide 9: Unprecedented commercial relationships (partners)

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 P A R T N E R S H I P S ( 2 ) Pilot pipeline agreement creates competitive advantage for pilot recruitment Aircraft financing La r gest global ai r craft lessor f or c omme r cia l ly - oper a

  10. Slide 10: Surf Air flywheel of growth

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 F L Y WHEE L O F G R O W T H (1) Aircraft - as - a - Service (ACaaS) is a product SAM intends to offer, bundling aircraft leasing, powertrain maintenance and operating software for both convent

  11. Slide 11: Introducing the EP1

    EP1 Planned range e xpansion via periodic upgrades 100% 50% Designed so th a t no char ging s t a tions a r e needed Sus t ainable F uel Capable 50% 25% 2 Cost R edu c tio n 2 Emissions R edu c tion 1 2 3 3 © 2 0 2 3 S U R F A I R M O B I L I T Y INTR ODUCING THE EP1 EP1 ELECTRIC EP1 HYBRID (1) Base

  12. Slide 12: Commercialization strategy

    1 Owned & oper a t ed fleet U pgrade Su r f A i r ’ s e xisting fleet and new order o f up to 1 5 0 ai r craft Operator r el a tionships Deploy aircraft to operator partners through Aircraft - as - a - Service (ACaaS) 1 product OEM di r e ct distribution E x clusi v e s ales & ma r k eting a gr eeme

  13. Slide 13: Impact on business: our network today

    $ 101M P assengers ~ 4 50K ~75K 48 Flights Destin a tions F ast growing mobility pl at f orm with di v ersified r e v enue st r eams I M P A C T O N B U SIN E S S (1) Scheduled Service includes Surf Air scheduled service revenue and Southern Passenger revenue and Other revenue. (2) EAS is Southern E

  14. Slide 14: Network illustration of regional routes

    Illustrative visualization of regional ne t wo r k shown 1. W e d e fi ne “ tier 1 " rou t es as those rou t es (1) th a t a r e pa r t o f the la r gest U .S. 100 to 5 00 mile tr a v el ma r k ets measur ed by annual trips t a k en be t w een a n y t wo metros in the U ni t ed S t a t es; (2) with

  15. Slide 15: 2022 on demand platform stats

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 2022 On demand pl at f orm s t a ts W e belie ve our gro w th wi l l c ome f rom A v er a ge bookings per month A v er a ge $ per booking A v er a ge flight range ~220 ~$8000 ~500 miles Str a

  16. Slide 16: 2023 EAS stats

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 2023 EAS s t a ts EAS rou t es in the ne t wo r k EAS rou t es added in the last 12 months 3 y ear a v er a ge r enewal r a t e A v er a ge annual c ontra c t value 19 8 100% $2.8M W e belie v

  17. Slide 17: Pro forma revenue growth outlook

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3 Key dri v ers Open new rou t es R o l l out fleet order Expand margin with electrified fleet Key ou t c omes 2 0 2 3 2 0 25 L ong T erm $1 0 7 .5M I M P A C T O N B U SIN E S S P R O F ORM A R

  18. Slide 18: What's next

    M&A Consolidator of regional air mobility services W e know oper a tors, ai rcraf t , r egional ne t wo r k t a r gets Elec tri f ying other ai r craft R epli c a ting our uni q ue approach across the t u r boprop c a t ego r y In pa r tnership with P alantir & Jetst r eam U pside dri v ers WHA T ’

  19. Slide 19: Executive team

    S U R F A I R M O B I L I T Y | © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R D A Y | J U N E 2 0 2 3 E x ecuti v e t eam SU D H I N S H A H A N I Co - founder LIA M F A YE D Co - founder ST AN LIT TLE Chi e f E x ecuti v e Officer DEANNA WHITE Chi e f F inancial Officer F ormer CEO & C F

  20. Slide 20: Board of directors

    S U R F A I R M O B I L I T Y | © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R D A Y | J U N E 2 0 2 3 CAR L ALBE R T Board o f di r e c tors E D MA D Y T Y L E R P A I N T E R T Y B L A N D JOH N D ’ A G O STIN O B R UC E H A C K SU D H I N S H A H A N I ST AN LIT TLE © 2 0 2 3 S U R F A I

  21. Slide 21: E R

    © 2 0 2 3 S U R F A I R M O B I L I T Y I N V E S T O R P R E S E N T A T I O N | S E P T E M B E R 2 0 2 3

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