Fortress Transportation And Infrastructure Investors LLC (NASDAQ:FTAI) Q1 2022 Earnings Conference Call April 29, 2022 8:00 AM ET Company Participants Alan Andreini - IR Joseph Adams - CEO Kenneth Nicholson - CEO of FTAI Infrastructure Scott Christopher - Chief Financial Officer, Incoming CFO of FTAI Infrastructure Angela Nam - Chief Accounting Officer, Incoming CFO of FTAI Aviation Conference Call Participants Justin Long - Stephens Inc. Christian Wetherbee - Citigroup Inc. Giuliano Bologna - Compass Poin ...

Forward-Looking Statements and Risk Factors Summary [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) Forward-looking statements are based on current beliefs and assumptions, subject to risks that could materially alter actual results - Forward-looking statements are identified by words like 'outlook,' 'believes,' 'expects,' 'potential,' and are based on historical performance, current plans, estimates, and expectations[9](index=9&type=chunk) - The inclusion of forward-looking information should not be seen as a guarantee that future plans, estimates, or expectations will be achieved[9](index=9&type=chunk) [Risk Factors Summary](index=2&type=section&id=Risk%20Factors%20Summary) Principal risk factors, including economic conditions, asset liquidity, customer defaults, competition, and regulatory changes, could adversely affect the company - Key risks include changes in economic conditions, reductions in cash flows from assets, ability to acquire assets, changes in asset composition due to spin-off, lack of asset liquidity, and adverse changes in financing markets[11](index=11&type=chunk) - Operational risks cover customer defaults, contract renewals, capital availability for acquisitions, asset concentration, competition, joint venture risks, integration of acquired businesses, asset obsolescence, uninsurable losses, and substantial capital expenditures for infrastructure operations[11](index=11&type=chunk) - Other significant risks include legislative/regulatory environment, exposure to volatile oil and gas prices, difficulties in legal redress in less developed legal systems, maintaining Investment Company Act exemption, leverage utilization, foreign currency risk, internal control effectiveness, environmental risks, interest rate changes, government actions, dependence on the Manager, effects of the SoftBank merger, share price volatility, and inability to pay future dividends[11](index=11&type=chunk)[14](index=14&type=chunk) Part I - Financial Information [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements, including balance sheets, statements of operations, comprehensive loss, changes in equity, and cash flows, with detailed notes [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's financial position at specific points in time, detailing assets, liabilities, and equity Consolidated Balance Sheet Highlights (March 31, 2022 vs. December 31, 2021) | Metric | March 31, 2022 (in thousands) | December 31, 2021 (in thousands) | Change (in thousands) | | :-------------------------------- | :----------------------------- | :------------------------------ | :-------------------- | | Total assets | $4,758,497 | $4,863,854 | $(105,357) | | Total liabilities | $3,997,502 | $3,739,754 | $257,748 | | Total equity | $760,995 | $1,124,100 | $(363,105) | | Cash and cash equivalents | $145,266 | $188,078 | $(42,812) | | Restricted cash | $214,401 | $251,983 | $(37,582) | | Leasing equipment, net | $1,901,960 | $1,891,649 | $10,311 | | Property, plant, and equipment, net | $1,587,291 | $1,555,857 | $31,434 | | Debt, net | $3,399,367 | $3,220,211 | $179,156 | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) This section details the company's revenues, expenses, and net loss over specific periods, reflecting operational performance Consolidated Statements of Operations Highlights (Three Months Ended March 31, 2022 vs. 2021) | Metric | 2022 (in thousands) | 2021 (in thousands) | Change (in thousands) | | :------------------------------------- | :------------------ | :------------------ | :-------------------- | | Total revenues | $137,839 | $77,149 | $60,690 | | Total expenses | $356,484 | $114,507 | $241,977 | | Net loss | $(229,659) | $(34,876) | $(194,783) | | Net loss attributable to shareholders | $(228,984) | $(34,540) | $(194,444) | | Basic loss per share | $(2.30) | $(0.40) | $(1.90) | | Diluted loss per share | $(2.30) | $(0.40) | $(1.90) | - Total revenues increased by **$60.7 million**, primarily driven by higher revenues in the Transtar segment (**$34.1 million**) and Aviation Leasing segment (**$28.9 million**)[187](index=187&type=chunk) - Total expenses increased by **$242.0 million**, mainly due to higher asset impairment charges (**$120.7 million**), operating expenses (**$83.9 million**), interest expense (**$17.6 million**), and depreciation and amortization (**$13.8 million**)[191](index=191&type=chunk) [Consolidated Statements of Comprehensive Loss](index=7&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Loss) This section presents the net loss and other comprehensive income/loss items, providing a complete view of changes in equity from non-owner sources Consolidated Statements of Comprehensive Loss Highlights (Three Months Ended March 31, 2022 vs. 2021) | Metric | 2022 (in thousands) | 2021 (in thousands) | Change (in thousands) | | :------------------------------------------ | :------------------ | :------------------ | :-------------------- | | Net loss | $(229,659) | $(34,876) | $(194,783) | | Other comprehensive (loss) income related to equity method investees, net | $(94,779) | $9,954 | $(104,733) | | Comprehensive loss | $(324,438) | $(24,922) | $(299,516) | | Comprehensive loss attributable to shareholders | $(316,972) | $(19,961) | $(297,011) | [Consolidated Statement of Changes in Equity](index=8&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) This section outlines the changes in the company's equity components over a period, including net loss, accumulated deficit, and dividends Consolidated Statement of Changes in Equity Highlights (Three Months Ended March 31, 2022) | Equity Component | December 31, 2021 (in thousands) | March 31, 2022 (in thousands) | Change (in thousands) | | :----------------------------------- | :----------------------------- | :---------------------------- | :-------------------- | | Total Equity | $1,124,100 | $760,995 | $(363,105) | | Accumulated deficit | $(132,392) | $(354,585) | $(222,193) | | Accumulated other comprehensive loss | $(156,381) | $(251,160) | $(94,779) | | Dividends declared - common shares | N/A | $(32,749) | $(32,749) | | Dividends declared - preferred shares | N/A | $(6,791) | $(6,791) | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This section summarizes the cash inflows and outflows from operating, investing, and financing activities, illustrating liquidity changes Consolidated Statements of Cash Flows Highlights (Three Months Ended March 31, 2022 vs. 2021) | Cash Flow Activity | 2022 (in thousands) | 2021 (in thousands) | Change (in thousands) | | :-------------------------------------- | :------------------ | :------------------ | :-------------------- | | Net cash provided by (used in) operating activities | $1,923 | $(48,932) | $50,855 | | Net cash used in investing activities | $(228,127) | $(154,418) | $(73,709) | | Net cash provided by financing activities | $145,810 | $235,408 | $(89,598) | | Net (decrease) increase in cash and cash equivalents and restricted cash | $(80,394) | $32,058 | $(112,452) | - Net cash provided by operating activities increased by **$50.9 million**, primarily due to adjustments for asset impairment, bad debt expense, and equity in losses of unconsolidated entities, partially offset by an increased net loss[236](index=236&type=chunk) - Net cash used in investing activities increased by **$73.7 million**, driven by higher acquisitions of leasing equipment and property, plant and equipment, partially offset by increased proceeds from asset sales[237](index=237&type=chunk) - Net cash provided by financing activities decreased by **$89.6 million**, mainly due to increased debt repayments and decreased proceeds from preferred share issuance, partially offset by higher proceeds from new debt[238](index=238&type=chunk) [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section provides detailed explanations and supplementary information for the consolidated financial statements, clarifying accounting policies and specific line items [Note 1: Organization](index=11&type=section&id=Note%201:%20Organization) Fortress Transportation and Infrastructure Investors LLC operates through its subsidiary, Fortress Worldwide Transportation and Infrastructure General Partnership, owning and leasing aviation equipment and operating various infrastructure assets across four reportable segments - The Company operates in two primary businesses: Equipment Leasing (Aviation Leasing) and Infrastructure (Jefferson Terminal, Ports and

Fortress Transportation and Infrastructure Investors LLC Barclays Industrial Select Conference February 23, 2022 FORTRESS TRANSPORTATION & INFRASTRUCTURE Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements in this Presentation may constitute "forward-looking statements" ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 001-37386 FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC | (Exact name of registrant as specified in its charter) | | | | | --- ...

Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) Q4 2021 Earnings Conference Call February 25, 2022 8:00 AM ET Company Participants Alan Andreini - IR Joe Adams - CEO Conference Call Participants Justin Long - Stephens Brian McKenna - JMP Securities Guiliano Bologna - Compass Point Josh Sullivan - Benchmark Company Chris Wetherbee - Citi Robert Dodd - Raymond James Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamp ...

Fortress Transportation and Infrastructure Investors LLC Supplemental Information Fourth Quarter 2021 FORTRESS TRANSPORTATION & INFRASTRUCTURE Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements in this Presentation may constitute "forward-looking statements" within the ...

Fortress Transportation and Infrastructure Investors LLC Supplemental Information Third Quarter 2021 FORTRESS TRANSPORTATION & INFRASTRUCTURE Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements in this Presentation may constitute "forward-looking statements" within the m ...

Fortress Transportation and Infrastructure Investors LLC. (NASDAQ:FTAI) Q3 2021 Results Earnings Conference Call October 29, 2021 8:00 AM ET Company Participants Alan Andreini - Investor Relations Joe Adams - Chief Executive Officer Scott Christopher - Chief Financial Officer Conference Call Participants Justin Long - Stephens Josh Sullivan - Benchmark Company Guiliano Bologna - Compass Point Chris Wetherbee - Citi Devin Ryan - JMP Securities Gregory Lewis - BTIG Robert Dodd - Raymond James Operator Good da ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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 001-37386 FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC (Exact name of registrant as specified in its charter) | Delaw ...

Fortress Transportation and Infrastructure Investors LLC (NASDAQ:FTAI) Q2 2021 Earnings Conference Call July 29, 2021 8:00 AM ET Company Participants Alan Andreini – Investor Relations Joe Adams – Chief Executive Officer Scott Christopher – Chief Financial Officer Conference Call Participants Josh Sullivan – Benchmark Guiliano Bologna – Compass Point Chris Wetherbee – Citi George Sellers – Stephens Inc Rob Salmon – Wolfe Research Frank Galanti – Stifel Robert Dodd – Raymond James Operator Ladies and gentlem ...