ALAFCO Aviation Lease and Finance K S C P : Analysts Conference Presentation - Q4 2023

FY 2023 Earnings Call

Financial year ending on September 30, 2023

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	1

Agenda

1. ALAFCO Highlights
2. Industry Update
3. Operational Review
4. Financial Review
5. Sustainability Strategy
6. Outlook

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	2

ALAFCO Highlights

As of 30th September 2023

51

Aircraft in Portfolio

14	11
Customers	Countries
Presently	Presently
4.9years	8years
Portfolio Weighted	Average Lease
Average Age	Remaining

AIRCRAFT COMPOSITION

AIRLINE DISTRIBUTION

B737 NG A320ceo

5% 3%

B777-300ER		Americas
17%	Middle East
	21%	21%

		Europe	Asia Pacific
A350-900	A320neo	20%
57%		38%
18%

SERVICES:

LEASING		AIRCRAFT		SALE &		AIRCRAFT LEASING
	TRADING		LEASEBACK		MANAGEMENT

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	3

INDUSTRY UPDATE

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	4

Industry Review

LEASING REVIEW				AIRLINES REVIEW
• Excellent	comeback	in		•	Demand for travel continues to
commercial aviation backed by			hold	strong, despite	higher
strong passenger growth.				ticket prices.
• Supply chains appear to be		•	IATA	predicting	return to
stabilizing but still behind OEM			profitability for	global	airline
expectations.					industry in 2023.

• Medium-termoutlook for • International travel demand

demand remains promising,	approaching	pre-pandemic
driving up demand for new	levels,	supporting	airline
aircraft.	profitability and growth plans.

TRAVEL OUTLOOK

• Passenger demand and travel
recovery fast approaching pre-
pandemics levels.
• Momentum	in international
travel has remained robust, with
growth across most regions.
• Despite higher inflation and
rising interest rates, the impact
on demand has not impacted
the pace of	recovery seen in

• Rate of increases in lease rate still lags interest rates, but lessor benefitting from supply- demand dynamics.

• Geopolitical tension & jet fuel volatility may create potential headwinds in the near future which may taper growth.

2023.

• Demand for air travel in the

longer term is expected to

double by 2040.

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	5

OPERATIONAL REVIEW

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	6

FY 2023 Highlights

ALAFCO completed the following during FY 2023:

• Delivered two A320neo aircraft to Volaris, based in Mexico, from ALAFCO's orderbook.
• Sold two A320ceo aircraft to Berniq Airways, based in Libya.
• Sold 25 out of 53 aircraft as part of the sale and purchase agreement with Macquarie AirFinance.
• Transferred the ownership of 20 B737-8 Max on order from Boeing to Macquarie AirFinance.

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	7

Fleet Composition

B737 NG	A320ceo
5%	3%

B777-300ER

17%

Current Portfolio

51

A350-900	A320neo
18%
	57%

Aircraft composition % include delivered aircraft based on aircraft NBV

Portfolio Weighted	4.9 Years
Average Age

• Maintaining a young portfolio of new generation liquid aircraft.
• Newly delivered aircraft contribute to the young average portfolio age.
• Limited investment in widebody aircraft to minimize the impact of headwinds on travel demand.

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	8

Airline Portfolio

38%

Asia Pacific

21%

Middle East

20%

Europe

21%

Americas

Distribution includes the portfolio of leased aircraft based on NBV.

Europe

20%	Asia Pacific
Americas	38%
21%	21%

Middle East

ALAFCO's customer portfolio consists mainly of government backed airlines and well-established privately owned carriers backed by major investors.

© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information.	9