Financial Data and Key Metrics Changes - The company reported an increase in revenues for Q2 2024, driven by new tenant leases and renewals at higher rental rates [4][5] - Operating expenses rose due to ground lease payments and non-cash employee stock-based compensation, totaling approximately $1.1 million each [6][10] - The company achieved positive cash flow from operations and expects this trend to continue as new campuses open [4][10] Business Line Data and Key Metrics Changes - The San Jose International Airport campus was approximately 58% leased during Q2, with expectations for further revenue increases as occupancy rises [5] - The company anticipates significant revenue growth from lease renewals, with an average markup of over 20% on renewed leases [17][29] Market Data and Key Metrics Changes - The company is focusing on high-demand markets, particularly in New York, where there is a significant deficit of hangar space [47] - The company plans to increase its ground leases from four to eight by the end of 2025, expanding its market presence [21] Company Strategy and Development Direction - The company is pursuing an accelerated growth plan with 33 projects planned between 2025 and 2026 [9] - The focus is on maximizing economies of scale and standardizing construction processes to enhance efficiency [21][39] - The company aims to achieve investment-grade ratings by increasing cash flow generation from new campuses [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the profitability of the San Jose lease and highlighted the potential for revenue growth through lease renewals [29] - The company is aware of the competitive landscape with FBOs and emphasizes its unique offering of homebasing solutions [30][32] - Management is optimistic about the future, citing strong demand and the potential for additional revenue streams from services [25][48] Other Important Information - The company has $150 million in cash and treasury bills, allowing for strong liquidity and cash management strategies [10] - The company is exploring additional revenue streams, including partnerships for aircraft detailing services [49][50] Q&A Session Summary Question: Thoughts on broadening the float to mitigate potential selling from Boston Omaha and Altai - The company plans to address the low float through organized equity offerings over time, aiming to increase trading float [26][27] Question: Is the SJC lease profitable today? - The San Jose lease is profitable, with significant upside potential and a strategy to stagger lease terms for revenue growth [29] Question: How does Sky Harbour plan to compete with FBOs offering fuel discounts? - Sky Harbour provides fuel and focuses on base tenants, differentiating itself from transient-focused FBOs [30][32] Question: How will raising an additional $150 million be possible? - The company intends to protect existing bondholders by issuing new debt outside the current obligated group [33][34] Question: Should we expect less equity capital needs going forward? - The company maintains a target of 70/30 debt-to-equity split, with potential for higher leverage in the future [35] Question: Do ground leases have deadlines for improvements? - Typically, there are no strict deadlines for ground leases, allowing flexibility in development timelines [41] Question: How does the company view the trade-off between short leases and revenue visibility? - The company staggers lease terms to balance revenue visibility and the potential for higher renewals [43][45] Question: Rationale for New York and Connecticut area airports? - The company targets high-revenue locations, particularly in New York, where there is a significant demand for hangar space [46][47] Question: Potential for ancillary revenue from airport services? - The company is exploring various ancillary revenue opportunities, including partnerships for services like aircraft detailing [48][50]

Sky Harbour Group Corporation (NYSE:SKYH) Q1 2024 Results Conference Call May 14, 2024 5:00 PM ET Company Participants Francisco Gonzalez - Chief Financial Officer Tal Keinan - CEO and Chairman Will Whitesell - COO Operator Good afternoon. My name is John, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Sky Harbour 2024 First Quarter Earnings Call and Webinar. All lines have been placed on mute to prevent any background noise. After the speaker's remar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) May 14, 2024 Sky Harbour Group Corporation (Exact name of registrant as specified in its charter) | Delaware | 001-39648 | 85-2732947 | | --- | --- | --- | | (State or other jurisdiction | (Commission | (IRS Employer | | of incorporation) | File Number) | Identification No.) | 136 Tower Road, Su ...

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: 001-39648 Sky Harbour Group Corporation (Exact name of registrant as specified in its Charter) Delaware 85-273294 ...

Sky Harbour Group Corporation (NYSE:SKYH) Q4 2023 Earnings Conference Call March 27, 2024 5:00 PM ET Company Participants Francisco Gonzalez - Chief Financial Officer Tal Keinan - CEO and Chairman Mike Schmitt - Chief Accounting Officer Tim Herr - Treasurer Tori Petro - Accounting Manager Will Whitesell - COO Operator Good afternoon. My name is Krista, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Sky Harbour 2023 Year End Earnings Conference Call and Webi ...

FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) March 23, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Sky Harbour Group Corporation (Exact name of registrant as specified in its charter) | Delaware | 001-39648 | 85-2732947 | | --- | --- | --- | | (State or other jurisdiction | (Commission | (IRS Employer | | of incorporation) | File Number) | Identification No.) | 136 Tower Road, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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: 001-39648 Sky Harbour Group Corporation (Exact name of registrant as specified in its Charter) (State or other jurisdi ...

Sky Harbour Group Corporation (NYSE:SKYH) Q3 2023 Results Conference Call November 14, 2023 4:00 PM ET Company Participants Francisco Gonzalez - Chief Financial Officer Tal Keinan - CEO and Chairman Mike Schmitt - Chief Accounting Officer Tim Herr - Treasurer Tori Petro - Accounting Manager Conference Call Participants Michael Diana - Maxim Group Operator Good day, everyone. My name is Chris, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Sky Harbour 2023 T ...

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 September 30, 2023 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: 001-39648 Sky Harbour Group Corporation (Exact name of registrant as specified in its Charter) Delaware 85-27 ...

Sky Harbour Group Corporation (NYSE:SKYH) Q2 2023 Earnings Conference Call August 15, 2023 4:30 PM ET Company Participants Francisco Gonzalez - Chief Financial Officer Tal Keinan - Chief Executive Officer Tim Herr - Vice President Finance, Treasurer Conference Call Participants Operator Good day, everyone. My name is Lisa and I'll be your conference operator today. At this time, I would like to welcome everyone to the Sky Harbour 2023 Second Quarter Earnings Call and Webinar. All lines have been placed on m ...