#1flyexclusive N836#2DISCLAIMERS AND OTHER IMPORTANT INFORMATION This presentation (this "Presentation") is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to a potential acquisition by EG Acquisition Corp ("EGGF") of LGM Enterprises, LLC and its affiliates, together doing business as "flyExclusive" (together "LGM Enterprises") and related transactions (the "Potential Business Combination") and a potential proposed private offering of public equity (the "PIPE Offering"), and for no other purpose. By reviewing or reading this Presentation, you will be deemed to have agreed to the obligations and restrictions set out below. This Presentation and any oral statements made in connection with this Presentation do not constitute an offer to sell, or a solicitation of an offer to buy, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any proxy, vote, consent or approval in any jurisdiction in connection with the Potential Business Combination, the PIPE Offering or any related transactions, nor shall there be any sale, issuance or transfer of any securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. This Presentation does not constitute either advice or a recommendation regarding any securities. No representations or warranties, express or implied, are given in, or in respect of, this Presentation. This Presentation is subject to updating, completion, revision, verification and further amendment. None of EGGF, LGM Enterprises, BTIG, LLC ("BTIG") or their respective affiliates has authorized anyone to provide interested parties with additional or different information. No securities regulatory authority has expressed an opinion about the securities discussed in this Presentation and it is an offense to claim otherwise. Recipients of this Presentation are not to construe its contents, or any prior or subsequent communications from or with EGGF, LGM Enterprises, BTIG or their respective representatives, as investment, legal or tax advice. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of EGGF, LGM Enterprises, the Potential Business Combination or the PIPE Offering. Recipients of this Presentation should each make their own evaluation of EGGF, LGM Enterprises, the Potential Business Combination and the PIPE Offering and of the relevance and adequacy of the information and should make such other investigations as they deem necessary. FORWARD-LOOKING INFORMATION This Presentation (and oral statements regarding the subjects of this Presentation) contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to LGM Enterprises and the Potential Business Combination, including statements regarding the anticipated benefits of the Potential Business Combination, the anticipated timing of the Potential Business Combination, the products and services offered by LGM Enterprises and the markets in which it operates (including future market opportunities), LGM Enterprises' projected future results, future financial condition and performance and expected financial impacts of the Potential Business Combination (including future revenue, pro forma enterprise value and cash balance), the satisfaction of closing conditions to the Potential Business Combination, the PIPE Offering and the level of redemptions of EGGF's public stockholders, and LGM Enterprises' expectations, intentions, strategies, assumptions or beliefs about future events, results of operations or performance or that do not solely relate to historical or current facts. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "scales," "representative of," "valuation," "potential," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this Presentation, including but not limited to: (i) the risk that the Potential Business Combination and the PIPE Offering may not be completed in a timely manner or at all, which may adversely affect the price of EGGF's securities, (ii) the risk that the Potential Business Combination may not be completed by EGGF's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by EGGF, (iii) the failure to satisfy the conditions to the consummation of the Potential Business Combination, including the approval of the business combination agreement by the stockholders of EGGF, the satisfaction of the minimum trust account amount following any redemptions by EGGF's public stockholders (if applicable), and the receipt of certain governmental and regulatory approvals, (iv) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (v) the effect of the announcement or pendency of the Potential Business Combination on LGM Enterprises' business relationships, operating results, performance and business generally, (vi) risks that the Potential Business Combination disrupts current plans and operations of LGM Enterprises, (vii) the outcome of any legal proceedings that may be instituted against LGM Enterprises or EGGF related to the business combination agreement or the Potential Business Combination, (viii) the ability to maintain the listing of EGGF's securities on a national securities exchange, (ix) changes in the combined capital structure of LGM Enterprises and EGGF following the Potential Business Combination, (x) changes in the competitive industries and markets in which LGM Enterprises operates or plans to operate, (xi) changes in laws and regulations affecting LGM Enterprises' business, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Potential Business Combination, and identify and realize additional opportunities, (xiii) risks related to the uncertainty of LGM Enterprises' projected financial information, (xiv) risks related to LGM Enterprises' potential inability to achieve or maintain profitability and generate cash, (xv) current and future conditions in the global economy, including as a result of the impact of the COVID-19 pandemic, and their impact on LGM Enterprises, its business and markets in which it operates, (xvi) the potential inability of LGM Enterprises to manage growth effectively, (xvii) LGM Enterprises' customer concentration, (xviii) costs related to the Potential Business Combination and the failure to realize anticipated benefits of the Potential Business Combination or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions, and (xix) the ability to recruit, train and retain qualified personnel. The foregoing list of risk factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of EGGF's prospectus filed with the U.S. Securities and Exchange Commission (the "SEC") on May 27, 2021, its Form 10-K filed on April 13, 2023, and other documents filed or to be filed with the SEC (including the proxy statement filed on November 13, 2023 in connection with the Potential Business Combination), as well as the "Investor Presentation Summary Risk Factors" attached to this Presentation. flyexclusive 2#3FINANCIAL INFORMATION The financial and operating forecasts and projections contained in this Presentation represent certain estimates of LGM Enterprises as of the date thereof. LGM Enterprises' independent public accountants have not examined, reviewed or compiled the forecasts or projections and, accordingly, do not express an opinion or other form of assurance with respect thereto. These projections should not be relied upon as being indicative of future results. Furthermore, none of LGM Enterprises or its management team can give any assurance that the forecasts or projections contained herein accurately represents LGM Enterprises' future operations or financial condition. The assumptions and estimates underlying such financial forecast information are inherently uncertain and are subject to a wide variety of significant business, economic, competitive and other risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of LGM Enterprises or that actual results will not differ materially from those presented in these materials. Some of the assumptions upon which the projections are based inevitably will not materialize and unanticipated events may occur that could affect results. Therefore, actual results achieved during the periods covered by the projections may vary and may vary materially from the projected results. Inclusion of the prospective financial information in this Presentation should not be regarded as a representation by any person that the results contained in the prospective financial information are indicative of future results or will be achieved. The financial information and data contained this Presentation are unaudited and do not conform to Regulation S-X promulgated by the SEC. Accordingly, such information and data may not be included in, may be adjusted in, or may be presented differently in, any registration statement, prospectus, proxy statement or other report or document to be filed or furnished by EGGF, or any other report or document to be filed by the combined company following completion of the Potential Business Combination, with the SEC. Any "pro forma" financial data included in this Presentation has not been prepared in accordance with Article 11 of Regulation S-X of the SEC, is presented for informational purposes only and may differ materially from the Regulation S-X compliant pro forma financial statements of LGM Enterprises to be included any filings with the SEC. INDUSTRY AND MARKET DATA This Presentation has been prepared by EGGF, LGM Enterprises and BTIG and includes market data and other statistical information from third-party industry publications and sources as well as from research reports prepared for other purposes. Although EGGF, LGM Enterprises and BTIG believe these third-party sources are reliable as of their respective dates, none of EGGF, LGM Enterprises, BTIG or any of their respective affiliates has independently verified the accuracy or completeness of this information and cannot assure you of the data's accuracy or completeness. Some data are also based on LGM Enterprises good faith estimates, which are derived from both internal sources and the third-party sources described above. None of EGGF, LGM Enterprises, BTIG, their respective affiliates, or their respective directors, officers, employees, members, partners, stockholders or agents make any representation or warranty with respect to the accuracy of such information. ADDITIONAL INFORMATION AND WHERE TO FIND IT In connection with the Potential Business Combination, EGGF intends to file relevant materials with the SEC, including proxy statement on Schedule 14A, referred to as a proxy statement. A proxy statement will be sent to all EGGF stockholders. EGGF will also file other documents regarding the proposed transaction with the SEC. Before making any voting or investment decision, investors and security holders of EGGF are urged to read the registration statement, the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by EGGF through the website maintained by the SEC at www.sec.gov. The documents filed by EGGF with the SEC also may be obtained free of charge upon written request to EG Acquisition Corp. 375 Park Avenue, 24th Floor, New York, NY 10152. flyexclusive 3#4flyexclusive explained flyexclusive#5WORLD-CLASS AVIATION PARTNERSHIP Decades of aviation experience and entrepreneurial excellence A DELTA McKinsey Jim Segrave CEO PRIVATE JETS segrave aviation Tommy Sowers President & Company = GOLDEN KEY REAL ESTATE, INC. Duke BE BODDIE-NOELL INTERPERSESUNG Billy Barnard Interim CFO Coopers &Lybrand flyexclusive ✓ Experienced aviation entrepreneur and operator ✓ Built Segrave Aviation and sold to Delta Private Jets ✓ President of Delta Private Jets 2010 - 2013 ✓ Founded flyExclusive in 2015 ✓ Seasoned jet pilot with 10k+ flight hours GOVERNORS CLUB Rich Brennan CDO TRAVEL MANAGEMENT ADELTA PRIVATE JETS ww Mike Guina COO ADELTA PRIVATE JETS EG Acquisition Corp. Gregg Hymowitz CEO & Director En Drust Global Goldman Sachs GMF CAPITAL Gary Fegel Chairman GLENCORE flyexclusive 5#6SPAC SPONSORSHIP Experienced sponsors with significant private-to-public/cross-over investment history, including specialized aviation knowledge EnTrust Global OXA GMF CAPITAL EG Acquisition Corp. ▪ 25+ year investment history with combined over $19 billion deployed to more than 250 investments across various industries and geographies ▪ EnTrust Global has a substantial transportation real assets business and GMF has significant investment experience in logistics, aviation, and aviation technology H Ability to leverage global network of leading executives and entrepreneurs, including SPAC Sponsor Board member with a dedicated career in aviation who previously served as acting FAA Administrator Long-term commitment from Sponsor, with personal investments from both SPAC CEO and Chairman (3-year lock-up), who will each join the Board of Directors flyExclusive Meets the Sponsors' Targeted Criteria Established operating business with industry leading management team ✓ At a growth inflection point where public capital can accelerate clear expansion path ✓ Well-positioned to capitalize on favorable long-term secular tailwinds and growing addressable market ✓ Highly profitable business model with strong revenue visibility flyexclusive 6#7SPAC TRANSACTION Key points of differentiation Sponsor's Financial Stake Sponsor's Founder Share Lock Up Period Board Involvement EBITDA Positive Fully Funded Transaction Minimum Cash Condition 100% Initial $6.5M of SPAC IPO risk capital not syndicated and held 100% by ETG and GMF 3 YEARS Initial stockholders will not transfer, assign, or sell founder shares or warrants 2 SEATS Initial principals of the sponsors will serve on the flyExclusive board of directors 6 YEARS EBITDA positive since 2nd year of operation with 5 yr. EBITDA CAGR of 24% thru '24E $85M Senior Subordinated Convertible Notes sourced by sponsor to convert at close $0 No minimum cash condition - transaction will close regardless of additional capital flyexclusive 7#8GROWING TAM WITH FAVORABLE DYNAMICS A large, untapped user base with potential for meaningful adoption exists Industry Drivers Landscape Shift in Air Travel from Commercial to Private The pandemic accelerated sustained market growth as individuals sought safer flying options ■ Reduction in Commercial Aviation Capacity and Poor Performance Major airlines continue to operate less capacity Airlines continually trimming costs, causing a decline in customer experience and increase in dissatisfaction overall ■ Reversed Corporate Trend of Cutting Executives Private Flights Previously cut corporate travel expenses now ubiquitously incurred due to health concerns and availability of travel options I Growing Flight Optionality and Reduced Barriers Growth in the number and types of customer programs have resulted in lower barriers to access private aviation, expanding the TAM to include households with lower net worth Source: Wall Street research. Private Aviation TAM by Household Net Worth ("HHNW") ▪ Potential TAM expected to grow to more than $43 billion driven by enhanced affordability, new customer segments, and increasing penetration in existing economic cohorts Potential TAM Growth -1.4x -$43 Billion $1.6 $14.2 ■ -$32 Billion $1.1 $9.3 $3.4 $17.6 $5.5 $22.0 HHNW $50 - $100 million HHNW $10-$50 million HHNW $5 - $10 million Corporate Use 2021 E 2025E McKinsey estimates that only ~10% of households that can afford private aviation (i.e., households with a net worth over $10 million+) use it • Lower adoption level underscores the significant opportunity to increase share across private aviation's historical core markets flyexclusive 8#9COMPANY TIMELIME In eight years, flyExclusive has become the fifth-largest operator 1,926 Operators Rank #1,926 2015 Sky Night Interiors 1Q 20 4Q 20 ("MRO"). I Jet Club I I 2Q 20 I 2020 Paint 2Q 21, 2021 MRO(2) 3Q 21 Rank #5 Avionics 2Q 22 1 2022 Fractional 3Q 23 Repair Center 2Q 23 Source: Private Jet Card Comparisons. (1) https://privatejetcardcomparisons.com/2023/08/31/2023s-30-biggest-private- jet-companies-through-june/. Includes Part 135 and Part 91 Subpart K flight hours. (2) Maintenance, Repair and Overhaul Rank 1 2 3 4 5 6 7 8 9 10 1H 2023 Top U.S. Private Jet Operators(1) Company NetJets Vista Global / XO Jet Flexjet Wheels Up flyExclusive Solairus Aviation PlaneSense Jet Linx AirSprint Corporate Flight Management Hours 344,424 99,916 99,355 70,253 27,740 26,265 22,326 15,773 14,027 11,976 flyexclusive 9#10COMPANY SIZE AND SCOPE "Floating Fleet" model with 100% operational control I Headquartered in Kinston, North Carolina Currently, the Company has approximately 750 employees Washington Montana Kinston, NC Headquarters 2Q 2023 Light Jet Activity posung Hosth Dakota South State Operations Overview Mexico ■ ■ Fleet of 100 aircraft as of 3Q 2023 Operations centrally located within two flight hours of approximately 70% of the Company's flight demand Aircraft Strategically Situated Closer to Demand KFWU C5EX 05/20 15:28 RE:95 JRE045 KMRY C750 05/15 18:12 JREAU3 KYNY GLP 05/38 02:59 N785/3 IRESTI KBFI 0750 05/11 02:40 12/09 21:14 IRE739 390279 KSGU KMRY N601DL KTWF C751 07/05 22:03 incor KMSP? C51X 05/15 00.00 IREG30 1010 202 KSDL KTRM IM:867 KBIS C56X 05/15 15:43 JRE80) JRE837 KSNA? C56X 05/11 17:13 JM2937 КНОВ C680 05/15 17:44 KONA C56X 05/02 15:52 JRE789 430C 387 KLUK KOU FESS7 150C 166 KONA PRO IRE332 410 406 KONT KAUS JRE975 KSAT C750 04/03 20:12 JRC976 KPWK C750 TRE853 КСАК СЕБУ 05/14 20:57 05/14 22 20 JREG 45 450 341 KMEN KEES 1R0762 KFTW C258 05/10 20:46 05/14 20:30 05/01 10:46 M MICR RE702 KMAK 560 05/14 25 RE028 450 535 NISEL KEPN JRED 36 JOC047 4000/40T KPMYCKNEN KVNY 05/01 17:50 RE941 KOAL CSOD 03/1: 00:30 N14G 05/09 17:03 JREE40 430C 392 KMEL KLCC JRE730 403377 KOLT KBTB N854JS C56K 11/05 20:32 JRE821 /RE406 IRE844 KAGC C56X, 05/15 18-6 JRET53JRE736 KEWI C/53 KHPN CISE 05/15 4821 05/15 18:14 IREADA 07/08 01:18 REBES KOWF CS6X 12/17 17:01 JRE909 KGRR C750 NISHIS ts30 08/24 1738 450 426 KDWH KROC RE857 410 388 DAL MICR 05/15.05.06 JRE8C3 KIAD C56X 15/15 11:21 117 RE751 ISO C218 08 15:32 RES43 KLAD GE 05/14 13:20 XNZ0135. REAL KSVAKISO- 04/241 KBWIC750 J2623 17:28 KRIC CS6X 16- £30 155 KECIRETTO KDGJ MMDL 05/14 824 4354384 в несакани насла N8306G KABI 0166 JRET81 05/07/22:02 KONQ C230 05/13 22:23 KPSM C25B 05/11 02:34 FRE424 KBED ALFA 010 32/61 05/15 16:13 RECESS RE92/2008:13 04/00 20.50 JREAGS 04/17/25LF4 080 286 05/05 19:05 KLEE KSRO WEBS 1205220250 RE932 KMHT C050 05/15 17:29 E298 KHYAC560 RE 018 187 XPBI KAPF IRF983 003136 APF KHYA JRE410 KFOK GLF4 05/15:16:48 RE422 KISO C25B 08/29 18:42 04 09/02:21:29 JRE810 KPBI C56X KAPT K03/2: 22:36 LF4 || 03/22 20:47 05/06 00:19 JRET94 KAPF C258 05/15.05 33 KISO --- 11/09 23:23 JRE845 KEXN C56X 05/01 10:17 IRE835 KOLM C56X 05/15 17:22 JRE945 KTEB COED 05/08 18:34 flyexclusive 10#11FINANCIAL SNAPSHOT Positioned for growth through fleet expansion and vertical integration Total Revenue FY '19A-'24E CAGR Core Business Metrics 38.1% 2024E Adj. EBITDA (1) $49.7m 10.0% 2024E Adj. EBITDA Margin Industry-leading revenue growth and margins driving profits Notes: (1) 2024E represents year-end estimated financials. EBITDA is a non-GAAP financial measure. See p. 27 for further information. flyexclusive 11#12ORGANIC GROWTH Consistent revenue and fleet expansion since inception despite market fluctuations ($ in millions) Light Mid Revenue $99 45 Super-Mid Heavy 2019A Light Citation Encore+: 10 Units Citation CJ3/CJ3+: 18 Units $121 63 2020A Annual Charter Revenue and Fleet Size Revenue '19A - '24E CAGR 36.7% Fleet Size '19A - '24E CAGR 23.3% $318 $208 78 2021A Fleet Range Midsize Citation Excel/XLS/XLS+: 43 Units 91 2022A Bur Super-Midsize Citation Sovereign: 9 Units Citation X: 13 Units $317 106 2023P $473 128 2024E Heavy Long-Range Gulfstream GIV-SP: 7 Units flyexclusive 12#13COMPANY CHARTER REVENUE MIX Evolution of diversified charter revenue and committed demand % of Total: 2019A 5% 95% 5% Legend GRP Jet Club Fractional Partner 2020A 86% 4% 9% 5% 5% 58% Wholesale Retail Ad-Hoc(1) Notes: (1) Non-Member Direct Retail Charters. Excludes MRO operations and other revenue. 2021A 5% 18% 37% 8% 10% 39% ■ 2022A ■ 7% Contractually Committed Demand 29% 70% 24% 1% 21% 8% 2023P 2% 29% 60% 38% 2% 6% 33% 2024E 11% 2% 50% 48% Variety of flight programs drive the revenue mix transition Approximately 100% of charter revenue is pre-paid 50+% of 2023P and 2024E estimated to represent contracted committed demand within total charter revenues flyexclusive 13#14INVESTMENT HIGHLIGHTS 94JS Proven Operator 1 World-class private aviation executive who has founded, operated, and sold a previous business to Delta Air Lines 2 4 Unique Business Model Diversified customer channels, vertically integrated operations, and optimized asset utilization Clear Growth Trajectory 3 80%+ retention among existing Jet Club members, as well as substantial contractually committed revenues Strong Market Backdrop Favorable long-term secular tailwinds in sector and ability to take additional share in a growing market Durable Competitive Advantages 5 Strategic key initiatives and investments made to remove industry bottlenecks to growth and to maintain leading consistent customer experience flyexclusive 14#15PROVEN OPERATOR flyexclusive#16MARKET CAPTURE Taking share at an accelerated pace within established growing market ($ in millions) flyExclusive Charter Revenue (1) Other U.S. Private Jet Charter Revenue % flyExclusive Market Share 0.6% $99 $16,938 flyExclusive Penetration of Private Jet Charter Market Market '19A - '24E CAGR 2.6% flyExclusive '19A - '24E CAGR 36.7% 2019A 0.7% $121 $17,150 2020A 1.2% $208 $17,768 2021A Source: IBIS. Private Jet Charter revenue includes Part 135 and Part 91k. (1) Includes charter revenue only. Excludes MRO and fractional share revenue. 1.7% $318 $18,116 2022A 1.7% $317 $18,595 2023P 2.4% $473 $18,907 2024E flyexclusive 16#17WHERE WE ARE TODAY flyExclusive's vertical integration investments yield results across the value chain INVESTMENT -750 PROFESSIONALS 100+ OWNED/LEASED AIRCRAFT 100,000+ sq ft INFRASTRUCTURE 18 PERSON IT DEVELOPMENT TEAM SERVICE CONTROL CAPACITY EFFICIENCY ● ● ● ● ● YIELD Consistent branding & pilots Jet Club member retention of 80%+ 99%+ of customers flown on flyExclusive fleet Customer / aircraft discipline minimizes high-cost, third-party affiliate lift Operational control provides cost visibility 24/7 MRO operations increases maintenance capacity and revenue In-house pilot training bolsters dispatch availability Superior fleet up-time Minimization of empty flight legs Schedule optimization maximizes aircraft utilization flyexclusive 17#18PRODUCT OFFERING SUMMARY Differentiated platform with multiple growth channels CUSTOMER TYPE JET CLUB FRACTIONAL PARTNERSHIP WHOLESALE Contractual Demand Non-committed Demand TARGETED ANNUAL FLIGHT HOURS (1) 20 - 50 50 - 100 100 - 150+ VARIABLE Note: (1) Internal sales guidelines. (2) Charter revenue exclusive of discounts and charter services. Wholesale includes ad-hoc retail revenue, 1.6% of 2024E charter revenue. 2024E REVENUE MIX (2) 33% 11% 6% 50% flyexclusive 18#19COMPARISON TO MAJOR COMPETITORS Optimal business model with key differentiators Asset Growth Customer Fulfillment (Affiliate Lift) EBITDA Generation Aircraft Control Customer Experience Customer / Jet Ratio Maintenance / Refurbishment Jet Branding Location Spend Lead Time Pilot Training flyexclusive Aircraft Acquisition 99%+ on flyExclusive Fleet Positive 100% flyExclusive Planes, Paint, Pilots, Interiors 8 flyExclusive Uniform Consolidated Operations Fleet, Customer, IT 4-5 Day (Advantage) In-House Pilot Training by 2025 Key Competitors Operator Acquisition 3rd Party Reliance Inconsistent and / or Negative Other Operators Unpredictable 20+ 3rd Party Inconsistent Fragmented Brand, "Sizzle", Promotions Hours Outsourced flyexclusive 19#20COMPETITIVE ENVIRONMENT AND DIFFERENTIATORS flyexclusive#21IN-HOUSE MAINTENANCE Extensive investments in maintenance, paint, interiors, and avionics 24/7 Operations + -50% Lower Downtime(1) + Maintenance Savings + MRO Benefits External Revenue Stream ■ ■ 24/7 operations ~3x the MRO output Perform repairs overnight (when aircraft is not flying) Improved planning and troubleshooting of repairs Improved uptime for fleet superior to the industry average(1) ■ Increased revenue and profitability ■ New revenue streams from 3rd parties Note: (1) flyExclusive Management estimate according to Company and industry statistics. On-site Infrastructure 100,000+ sq ft of in-house maintenance, interior, and paint facilities ▪ 48,000 sq ft hangar completed in Q2 '22 ▪ Part 145 certificate in 2Q 2023 Projected MRO Revenue N945LC $3.9 million 2023P Revenue O $8.1 million 2024E Revenue flyexclusive 21#22PILOT TRAINING "Build versus buy" strategy to address the pilot training industry challenge ON-CAMPUS FACILITIES ONBOARDING TRAINING UPTIME ■ PILOT TRAINING CENTER ▪ Training in Kinston builds company culture within a remote workforce On-campus pilot training facilities will remove one of the greatest bottlenecks to growth within the aviation industry ▪ Faster on-boarding by reducing training wait times ▪ Lower costs through flyExclusive simulator facility ▪ Simulator screening checks pre-hire I ▪ Additional training resources available to test aptitude, not just promotion based on seniority Deeper and more frequent training increases efficiency ■ Expedited crew availability increases dispatch availability, or uptime ▪ Increased flight hours contribute to greater profitability TP MES flyexclusive 22#23WHY FLYEXCLUSIVE WINS Focus on executing growth with operational control Vertical Integration Maintenance and Staffing Technology Asset Growth ▪ Service excellence and consistency drive everything ▪ Reliable and repeatable service execution is aligned with cost and return management Value is created simultaneously for customers, shareholders & flyExclusive with a single strategy ■ ■ ■ ■ Technology enables and supplements our strategy ▪ AI / ML dynamic pricing and apps developed in-house ▪ Technology focused primarily on improving operational efficiency and customer experiences Consolidated operations optimize costs and synergies In-house maintenance and fleet control drive superior service and operating visibility Pilot sourcing and training are a key competitive differentiators ■ Deliberate, capital-light fleet growth matched with committed demand via Fractional and Partnership programs Purposeful focus on select aircraft types drives scale and synergy benefits flyexclusive 23#24FINANCIAL OVERVIEW flyexclusive#25DELIBERATE GROWTH Diversified charter revenue with growth tied to demand CHARTER REVENUE MIX - 2024E (1) 50%+ Contractually Committed Demand 32.9% 10.8% 6.4% 49.9% Jet Club Fractional Partner Notes: (1) Charter revenue exclusive of discounts and charter services. See pg. 27 for a breakdown of total revenue. (2) includes retail revenue; 1.6% of 2024E charter revenue. Wholesale (2) 100.0% Total Jet Club ■ ■ Fractional and Partner Capital-light fleet growth matched with forward contracted demand I ■ Program growth underwritten against fleet capacity Disciplined customer per aircraft ratio managed against capacity, with excess to serve demand I flyExclusive control of aircraft yields synergistic capacity to business model Wholesale Serves excess capacity, when available to optimize fleet yield flyexclusive 25#26REVENUE AND ADJUSTED EBITDA SUMMARY ($ in millions) $99 45 $121 Revenue '19A-'24E CAGR 38.1% 63 $208 Revenue and Adjusted EBITDA Breakout $320 $323 2019A 2020A 2021A 2022A 2023P 2024E $497 Ending Aircraft Count 78 91 106 128 $17 Adjusted EBITDA '19A-'24E CAGR 23.8% $12 $12 $28 $25 $50 2019A 2020A 2021A 2022A 2023P 2024E ▪ Charter rates and programs matched to customer's needs ■ I ■ ■ Pricing designed so that each aircraft model generates cash Improvement in margin results from continued investments in maintenance and refurbishment Charter revenue bolstered by continued Jet Club growth via industry-leading pricing model and consistent product experience Projections assume no international expansion flyexclusive 26#27SUMMARY P&L Continued focus on vertical integration and scaling flight offerings Revenue Aircraft Charter MRO Revenue Fractional Share Revenue Total Revenue Cost of Goods Sold Net Income Historical and Projected Income Statement ($ in 000s) 2021A 2022A Depreciation & Amortization Interest Taxes Public Company Readiness Expense Cares Act Grants Adjusted EBITDA Adjusted EBITDA Margin 2019A $99,004 $99,004 $71,177 ($33) 12,228 4,925 $17,120 17.3% 2020A $121,039 $121,039 $85,810 $3,317 16,113 5,260 (12,431) $12,259 10.1% $208,172 105 $208,277 $159,238 $2,242 17,353 3,621 (11,153) $12,063 5.8% $318,259 1,556 227 $320,042 $255,441 ($4,152) 23,114 7,509 1,660 $28,131 8.8% 2023P $316,628 3,855 2,605 $323,088 $260,204 ($27,601) 28,058 15,430 732 8,903 (339) $25,183 7.8% 2024E $473,410 8,136 15,221 $496,767 $377,839 $6,762 33,725 8,095 1,125 $49,708 10.0% *Adjusted EBITDA is a non-GAAP financial measure I We include Adjusted EBITDA as a supplemental measure for assessing operating performance in conjunction with related GAAP amounts and for the following: ● Used in conjunction with strategic internal planning, annual budgeting, allocating resources and making operating decisions Provides useful information for historical period-to- period comparisons of our business, as it removes the effect of certain non-cash expenses and variable amounts A reconciliation of EBITDA to Net Income, the most directly comparable GAAP measure, is shown in the accompanying table flyexclusive 27