Core Viewpoint - AerSale's quarterly results significantly underperformed expectations, leading to a 10% drop in share price as investors reacted negatively to the news [1] Financial Performance - AerSale reported a loss of $0.07 per share on revenue of $77.1 million, falling short of Wall Street's expectations of a $0.10 profit on sales of $87 million [2] - The revenue shortfall was attributed to fewer asset sales and increased investment in maintenance facilities [2] Product Development - AerSale's AerAware technology, aimed at enhancing pilot vision in older cockpits, has not yet secured initial orders, although discussions are ongoing with four potential airline customers [2] - AerAware received FAA certification in December 2023, which investors had hoped would lead to a new source of higher-margin revenue [2] Market Conditions - The current market for used airplanes, engines, and aerospace parts is challenging for both buyers and sellers, impacting AerSale's performance [2] - The company is taking a disciplined approach to purchasing in a tight market, which has contributed to the revenue shortfall [3] Future Outlook - Despite the recent disappointments, AerSale's core business is showing signs of recovery, particularly with strong engine work reported in July [4] - The demand for aircraft maintenance and spare parts is expected to remain robust, providing a positive outlook for the company moving forward [4] - AerSale has 150 completed AerAware kits ready for shipment, indicating potential future revenue once deals are finalized [3]

AERSALE CORPORATION Investor Presentation Important notices and disclaimers Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. AerSale's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budge ...

AerSale Corporation. (NASDAQ:ASLE) Q2 2024 Earnings Conference Call August 7, 2024 4:30 PM ET Company Participants Kristen Gallagher - HR Director Nicolas Finazzo - Chairman and Chief Executive Officer Martin Garmendia - Chief Financial Officer Conference Call Participants Bert Subin - Stifel Ken Herbert - RBC Capital Markets Pete Osterland - Truist Securities Operator Good day and welcome to the Aerosol Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator ...

Company Performance - AerSale Corporation (ASLE) reported a quarterly loss of $0.05 per share, missing the Zacks Consensus Estimate of $0.10, and compared to a loss of $0.03 per share a year ago, indicating a significant earnings surprise of -150% [1] - The company posted revenues of $77.1 million for the quarter ended June 2024, which was 8.72% below the Zacks Consensus Estimate, and an increase from $69.33 million in the same quarter last year [1] - Over the last four quarters, AerSale has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [1] Stock Performance - AerSale shares have declined approximately 54.6% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $100.34 million, and for the current fiscal year, it is $0.49 on revenues of $378.74 million [4] - The estimate revisions trend for AerSale is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Aerospace - Defense Equipment industry, to which AerSale belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Ducommun (DCO), is expected to report quarterly earnings of $0.63 per share, reflecting a year-over-year change of +16.7%, with revenues anticipated to be $193.72 million, up 3.4% from the previous year [5][6]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________. Commission file number: 001-38801 AerSale Corporation (Exact name of registrant as specified in its charter) Del ...

[Financial & Operational Highlights](index=1&type=section&id=AerSale%20Reports%20Second%20Quarter%202024%20Results) AerSale's Q2 2024 results show increased revenue and adjusted EBITDA, despite higher net losses, supported by strategic feedstock acquisitions Key Financial Metrics | Financial Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Revenue | $77.1 million | $69.3 million | | GAAP Net Loss | $3.6 million | $2.7 million | | Adjusted Net Loss | $2.6 million | $0.6 million | | Adjusted EBITDA | $3.2 million | $(0.5) million | - Flight equipment sales in Q2 2024 included **five engines and no aircraft**, contrasting with four engines and two unserviceable airframes in the prior year[1](index=1&type=chunk) - The company completed **$36 million** in feedstock acquisitions during the quarter, with an additional **$71 million** under contract as of June 30, 2024[1](index=1&type=chunk) [Management Discussion and Analysis](index=1&type=section&id=Management%20Discussion%20and%20Analysis) This section offers a detailed analysis of AerSale's Q2 2024 financial and operational performance, outlining key drivers, segment contributions, and strategic advancements [Overall Performance](index=1&type=section&id=Overall%20Performance) AerSale's Q2 2024 revenue increased to $77.1 million, up from $69.3 million in the prior-year period, driven by higher sales of Used Serviceable Material (USM) and strong MRO revenue. The company is advancing strategic initiatives, including expanding MRO capacity and capabilities, to drive future growth and more consistently cover fixed costs - Overall revenue growth resulted primarily from a higher volume of USM sold and strong MRO revenue amidst a robust commercial backdrop[2](index=2&type=chunk) - The company is progressing on a multi-year expansion of MRO facilities, including a new on-airport MRO in Millington, Tennessee (completed in May), expanded pneumatics capability in Miami, and a tripling of its aerostructures shop size in Miami[3](index=3&type=chunk) - Management emphasizes that revenues can fluctuate quarterly based on flight equipment sales, and progress should be monitored by MRO activity and asset purchases[2](index=2&type=chunk) [Segment Performance](index=1&type=section&id=Segment%20Performance) Both major segments reported revenue growth in Q2 2024. Asset Management revenue increased to $41.8 million, driven by a 19.2% rise in USM sales. TechOps revenue grew 9.4% to $35.3 million, benefiting from strong MRO demand and higher sales of the AerSafe™ product Segment Revenue Performance | Segment | Q2 2024 Revenue | Q2 2023 Revenue | Change | | :--- | :--- | :--- | :--- | | Asset Management | $41.8 million | $37.1 million | +12.7% | | TechOps | $35.3 million | $32.3 million | +9.4% | - Asset Management growth was primarily due to stronger USM sales as the company monetizes feedstock acquired in the past 12 months, alongside one additional engine on lease compared to 2023[4](index=4&type=chunk) - TechOps growth was driven by continued strong demand for MRO services, particularly at the Roswell, NM facility, and higher sales of its AerSafe™ product ahead of 2026 compliance deadlines[4](index=4&type=chunk) [Profitability and Expenses](index=1&type=section&id=Profitability%20and%20Expenses) Gross margin slightly declined to 28.2% from 29.1% due to initial lower margins on new MRO contracts. A significant reduction in SG&A expenses to $23.6 million helped narrow the loss from operations to $1.9 million. The company reported a GAAP net loss of $3.6 million and an adjusted net loss of $2.6 million for the quarter Profitability and Expense Metrics | Metric | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Gross Margin | 28.2% | 29.1% | | SG&A Expenses | $23.6 million | $27.1 million | | Loss from Operations | $(1.9) million | $(7.0) million | | GAAP Net Loss | $(3.6) million | $(2.7) million | | Adjusted Net Loss | $(2.6) million | $(0.6) million | | Diluted EPS | $(0.07) | $(0.08) | | Adjusted Diluted EPS | $(0.05) | $(0.03) | - The decrease in gross margin was primarily due to lower margins at component MROs as teams work through the efficiency curve on recently awarded contracts[5](index=5&type=chunk) - The reduction in SG&A was primarily due to lower payroll-related expenses, including a decrease in stock-based compensation from $3.0 million to $1.1 million[5](index=5&type=chunk) [Liquidity and Capital Resources](index=2&type=section&id=Liquidity%20and%20Capital%20Resources) AerSale maintained a strong liquidity position of $101.8 million at the end of Q2 2024, consisting of $4.3 million in cash and $97.5 million available on its revolving credit facility. Cash used in operating activities was $36.8 million, mainly for continued investment in inventory. Management intends to use this liquidity to continue acquiring feedstock - Total liquidity at quarter-end was **$101.8 million**, comprising **$4.3 million** in cash and **$97.5 million** in available credit[7](index=7&type=chunk) - Cash used in operating activities totaled **$36.8 million**, primarily driven by investments in inventory[7](index=7&type=chunk) - The CFO stated that the strong liquidity position will enable the company to continue acquiring properly priced feedstock in a constrained supply environment[8](index=8&type=chunk) [Update on Engineered Solutions](index=2&type=section&id=Update%20on%20Engineered%20Solutions) The company continues to advance its proprietary Enhanced Flight Vision System, AerAware™. In December 2023, the FAA granted a Supplemental Type Certificate (STC) for AerAware™ on the Boeing B737NG aircraft line, marking the world's first commercial EFVS system to achieve a 50% visual advantage - The FAA issued an STC for the AerAware™ system for the Boeing B737NG product line in December 2023[9](index=9&type=chunk) - AerAware™ is the first commercial EFVS to achieve a **50% visual advantage** over unaided vision and the first certified on a large transport aircraft with a dual-pilot, Head-Wearable Display solution[9](index=9&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) This section presents AerSale's Q2 2024 consolidated financial statements, including statements of operations, balance sheet, and cash flows, reflecting the company's financial position and performance [Consolidated Statements of Operations](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For Q2 2024, total revenue increased to $77.1 million from $69.3 million year-over-year. Despite higher gross profit of $21.7 million, increased operating and other expenses led to a net loss of $3.6 million, compared to a net loss of $2.7 million in Q2 2023 Consolidated Statements of Operations (in thousands) | (in thousands) | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Total Revenue | $77,101 | $69,326 | | Gross Profit | $21,720 | $20,140 | | (Loss) from Operations | $(1,852) | $(6,957) | | Net (Loss) | $(3,637) | $(2,688) | | Diluted (Loss) per Share | $(0.07) | $(0.08) | [Consolidated Balance Sheet](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEET) As of June 30, 2024, total assets stood at $598.7 million, an increase from $553.9 million at the end of 2023. This was primarily driven by a rise in total inventory to $378.8 million. Total liabilities increased to $148.9 million from $108.9 million, largely due to a significant increase in the revolving credit facility balance Consolidated Balance Sheet (in thousands) | (in thousands) | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $4,285 | $5,873 | | Total Inventory | $378,813 | $329,168 | | Total Assets | $598,694 | $553,938 | | Revolving credit facility | $80,955 | $29,000 | | Total Liabilities | $148,895 | $108,923 | | Total Stockholders' Equity | $449,799 | $445,015 | [Consolidated Statements of Cash Flows](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the first six months of 2024, the company used $36.8 million in cash from operating activities, a substantial improvement from the $129.2 million used in the prior-year period. The primary use of cash was a $56.6 million investment in inventory. Net cash provided by financing activities was $44.2 million, mainly from net proceeds from the revolving credit facility Consolidated Statements of Cash Flows (in thousands) | Six Months Ended June 30 (in thousands) | 2024 | 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(36,800) | $(129,197) | | Net cash (used in) provided by investing activities | $(9,000) | $7,886 | | Net cash provided by financing activities | $44,212 | $8,767 | | Decrease in cash and cash equivalents | $(1,588) | $(112,544) | [Non-GAAP Financial Measures](index=2&type=section&id=Non-GAAP%20Financial%20Measures) This section provides a reconciliation of AerSale's non-GAAP financial measures, including Adjusted EBITDA and Adjusted Net Loss, to their most directly comparable GAAP equivalents [Reconciliation of Non-GAAP Measures](index=8&type=section&id=Adjusted%20EBITDA%20Net%20Income%20and%20Diluted%20EPS%20Reconciliation%20Table) The company's Adjusted EBITDA for Q2 2024 was $3.2 million, a significant improvement from a loss of $0.5 million in Q2 2023. This was achieved by adjusting the GAAP net loss of $3.6 million for items such as depreciation, amortization, interest, taxes, and stock-based compensation. Adjusted Net Loss was $2.6 million, or $(0.05) per diluted share Reconciliation of Non-GAAP Measures (in thousands) | Reconciliation (in thousands) | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Reported Net (Loss) | $(3,637) | $(2,688) | | Adjustments | $4,228 | $1,558 | | **Adjusted Net (Loss)** | **$(2,591)** | **$(590)** | | Interest, Taxes, D&A, etc. | $5,767 | $(10)$ | | **Adjusted EBITDA** | **$3,176** | **$(540)** | Per Share Data | Per Share Data | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | Reported Diluted (Loss) per Share | $(0.07) | $(0.08) | | **Adjusted Diluted (Loss) per Share** | **$(0.05)** | **$(0.03)** |

AerSale Corporation (NASDAQ:ASLE) Q1 2024 Earnings Call Transcript May 8, 2024 4:30 PM ET Company Participants Jacqueline Carlon - VP, Marketing and Communications Nicolas Finazzo - Chairman and Chief Executive Officer Martin Garmendia - Chief Financial Officer Conference Call Participants Gautam Khanna - TD Cowen Kenneth Herbert - RBC Capital Markets Bert Subin - Stifel Michael Ciarmoli - Truist Securities Operator Good day, and welcome to the AerSale First Quarter 2024 Earnings Conference Call. All partic ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________. Commission file number 001-38801 AerSale Corporation (Exact name of registrant as specified in its charter) Del ...

Investors liked the results, but questions remain about a promising new product line.Aircraft component and systems supplier AerSale (ASLE 7.62%) reported a stronger-than-expected quarter, but the company isn't reporting much traction yet for one of its most closely watched products. Shares of AerSale initially traded up 25% post-earnings before falling back to up 8% as of 2 p.m. ET Thursday.Strong core sales, but still waiting on AerAwareAerSale's core business is maintaining and selling used airplanes, en ...

Exhibit 99.1 AerSale Reports First Quarter 2024 Results First Quarter 2024 Highlights ● Revenue of $90.5 million versus $78.3 million in the prior year period. ● GAAP net income of $6.3 million versus $5 thousand in the prior year period. ● Adjusted Net Income 1 of $5.5 million versus $3.3 million in the prior year period. ● Adjusted EBITDA1 of $9.0 million versus $5.0 million in the prior year period. ● Flight equipment sales consisted of one aircraft and four engines in the first quarter of 2024, compared ...