BOC Aviation : HSBC 16th Annual Transport & Logistics Conference

BOC Aviation Investor Presentation

JUNE 2022

Disclaimer

This presentation contains information about BOC Aviation Limited ("BOC Aviation"), current as at the date hereof or as at such earlier date as may be specified herein. This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of BOC Aviation or any of its subsidiaries or affiliates or any other person in any jurisdiction or an inducement to enter into investment activity and does not constitute marketing material in connection with any such securities.

Certain of the information contained in this document has not been independently verified and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the information or opinions contained herein or in any verbal or written communication made in connection with this presentation. The information set out herein may be subject to revision and may change materially. BOC Aviation is not under any obligation to keep current the information contained in this document and any opinions expressed in it are subject to change without notice.

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1Q 2022 and Recent Developments

STRONG ASSET

QUALITY

• 530 aircraft owned, managed and on order1
• 4.1 years2 average fleet age; 8.2 years2 average remaining lease term
• 96.7% aircraft utilization rate

	• US$6 billion of available liquidity
	•	More than covers 2022 target
		capex and maturing liabilities
ROBUST	•	Well positioned to support future
LIQUIDITY		investment

	•	Seven aircraft deliveries
	• 22 lease commitments signed
PROACTIVE	• Committed to acquire 13 new
	aircraft,	including	11 Boeing	737
INVESTMENT
	MAX 8 aircraft for lease to Lynx Air
STRATEGY
•	Announced the purchase of	80
		new Airbus A320NEO	family
		aircraft,	scheduled for	delivery
		between 2027 and 2029
•	Largest	aircraft	order	in	the
FUTURE		Company's history

GROWTH	• Delivered five of seven new
Boeing 737 MAX 8 aircraft from
	our orderbook to Turkish Airlines
	in May and June to-date

A	• A- by S&P Global Ratings
STRONG CREDIT	• A- by Fitch Ratings
RATINGS

	•	Experienced	management team
		successfully	managed through
EXPERIENCED		multiple cycles
•	Bank of China provides ongoing
MANAGEMENT AND
OWNERSHIP		support

A strong start to the year with new aircraft purchase commitments for future growth

All data as at 31 March 2022 unless otherwise indicated

See Appendices - Endnotes

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How We Invest

Number of aircraft delivered, purchased and sold

Investing in aircraft through multiple cycles

All data as at the end of the relevant period

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Popular and Fuel-Efficient Fleet

• Announced orders for 80 additional Airbus A320NEO family aircraft on 11 April 2022
  Our aircraft portfolio

Aircraft type	Owned aircraft	Managed aircraft	Aircraft on order1	Total
Airbus A320CEO family	102	15	0	117
Airbus A320NEO family	92	0	33	125
Airbus A330CEO family	10	1	0	11
Airbus A330NEO family	6	0	0	6
Airbus A350 family	9	0	0	9
Boeing 737NG family	72	14	0	86
Boeing 737 MAX family	40	0	55	95
Boeing 777-300ER	26	4	1	31
Boeing 777-300	0	1	0	1
Boeing 787 family	21	1	21	43
Freighters	5	1	0	6
Total	383	37	110	530

100% of orderbook comprises latest technology aircraft

All data as at 31 March 2022

See Appendices - Endnotes

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