Q1 2025 Earnings Supplement FTAI AVIATION Disclaimers Presentation. 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." The information contained on, or accessible through, any websites included in this Presentation is not incorporated by reference into, and should not be considered a part of, this FORWARD-LOOKING STATEMENTS. Ce ...

Company Overview - AerCap Holdings N.V. is a global leader in aviation leasing with a strong order book and serves approximately 300 customers worldwide [2] Financial Reporting - AerCap has filed an interim financial report for the first quarter ended March 31, 2025, including unaudited condensed consolidated financial statements with the U.S. Securities and Exchange Commission [1] Corporate Information - AerCap is listed on the New York Stock Exchange under the ticker AER and is headquartered in Dublin, with additional offices in various global locations including Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, and Dubai [2]

Financial Performance - AerCap reported GAAP EPS of $3.48 and adjusted EPS of $3.68 for 1Q 2025[10] - Net income for 1Q 2025 was $643 million, or $3.48 per share[15] - Adjusted net income for 1Q 2025 was $679 million, or $3.68 per share[15] - The company is raising its full-year 2025 adjusted EPS guidance to a range of $9.30 - $10.30, not including any additional gains on sale[10] - 1Q 2025 saw gains on sale of $177 million, with a 35% gain-on-sale margin, representing 2.3x book value on an equity basis[10, 26] Business Activities - AerCap engaged in significant activity across all business lines, leasing, purchasing, and selling 203 assets in 1Q 2025[11] - Basic lease rents were $1,649 million, negatively impacted by $27 million of lease premium amortization[26] - The company repurchased 5.7 million shares in 1Q 2025 for a total of $558 million[19] Financial Position - AerCap has a strong liquidity position, with next 12 months' sources-to-uses coverage of 1.8x, and approximately $20 billion in sources of liquidity[16] - The adjusted leverage ratio is 2.4x[19] - Secured debt-to-total-assets ratio is approximately 12%[19] - The average cost of debt remained unchanged at 4.1% in 1Q 2025[19] Portfolio Composition - New technology aircraft comprise 75% of the aircraft fleet[30]

Core Insights - AerCap Holdings N.V. reported strong financial results for Q1 2025, driven by robust demand for aviation assets and a favorable sales market [2][4] - The company has raised its full-year EPS guidance for 2025 and announced a $500 million share repurchase program [2][8] Financial Performance - Total revenues and other income for Q1 2025 were $2,077 million, a 3% increase from $2,018 million in Q1 2024 [4][41] - Basic lease rents increased by 4% to $1,649 million in Q1 2025 from $1,586 million in Q1 2024 [4][41] - Net gain on sale of assets rose by 11% to $177 million in Q1 2025, compared to $160 million in Q1 2024 [6][41] - Net income for Q1 2025 was $643 million, or $3.48 per share, with adjusted net income at $679 million, or $3.68 per share [8][22] Shareholder Returns - The company returned $558 million to shareholders through share repurchases in Q1 2025 [8] - A quarterly cash dividend of $0.27 per share was declared, with a payment date set for June 5, 2025 [18] Capital Structure - As of March 31, 2025, the adjusted debt/equity ratio was 2.4 to 1, reflecting a stable capital structure [8][27] - The company’s book value per share increased by approximately 11% to $97.37 from $87.47 a year earlier [8][13] Operational Highlights - AerCap's portfolio included 3,508 aircraft, engines, and helicopters as of March 31, 2025, with an average age of 7.5 years [17] - The average cost of debt for Q1 2025 was 4.1%, up from 3.9% in Q1 2024 [9][30] Market Position - AerCap is recognized as a leader in aviation leasing, serving around 300 customers globally [35]

Aengus Kelly, CEO of AerCap, said, "This year, AerCap marks 50 years of powering global air transport. We are proud to be the partner of choice to hundreds of the world's most successful airlines as the industry continues its sustainability journey. Over the last decade, AerCap has played a leading role in enabling this transition by investing approximately $55 billion in new technology aircraft - more than any airline or lessor, thereby lowering our airline customers' operating costs and carbon emissions. ...