Investor Presentaiton
Appendix: Footnotes
Slide 2
1 - Based on narrowbody by count, which is the percent of the number of owned aircraft that are narrowbody aircraft.
2- Weighted average of owned aircraft based on net book value. Remaining lease term figure excludes aircraft off-
lease and investments in finance leases.
3-Owned and managed aircraft.
4- Calculated as Net Debt divided by Equity. Net Debt is calculated as debt financings net of cash and cash equivalents
and restricted cash. Net Debt is a non-GAAP financial measure. See Appendix for reconciliation to the most directly
comparable GAAP measure.
5-Comprised of cash and cash equivalents, in each case to the extent that such assets are not subject to a lien, and
non-pledged aircraft assets (aircraft, engines, airframes, parts and pre-delivery payments).
Slide 3
1 - Source: Alton Aviation Consultancy; IATA.
2-Cash collections calculated for the 12 months ended June 30, 2023. Our cash collection rate is calculated as the sum
of cash collected from lease rentals and maintenance reserves, including cash recovered from outstanding receivables
from previous periods, as a percentage of the total lease and maintenance receivables due during the period and is
calculated after giving effect to lease deferral arrangements made as of June 30, 2023.
3- Aircraft on ground without a sales or lease commitment as of June 30, 2023.
Slide 4
1- Counts include owned and managed aircraft. All percentage calculations are based on net book value of owned
aircraft and exclude aircraft off-lease and investments in finance leases. "Asia Pacific" excludes China.
Slide 5
1- Weighted average age of owned aircraft based on net book value.
2- Excludes investments in finance leases.
Slide 6
1-Source for global fleet percent: Cirium. The global fleet includes commercial aircraft used for passenger service.
ACG percentages based on new technology by count.
Slide 7
1 - Future minimum lease rentals (inclusive of executed deferral and restructuring agreements) we are due
under operating leases as of June 30, 2023.
2- Weighted average remaining lease term figure excludes aircraft off-lease and investments in finance leases.
Slide 8
1-Comprised of cash and cash equivalents, in each case to the extent that such assets are not subject to a lien, and non-pledged
aircraft assets (aircraft, engines, airframes, parts and pre-delivery payments).
2- Debt covenant to maintain 1.25x unencumbered assets to unsecured debt.
3- Sources and Uses are for the next twelve months as of June 30, 2023. Outstanding commercial paper as of June 30, 2023 is
subtracted from the amount of undrawn revolving credit available to us, and therefore is not included in the "Uses" column.
4- The European ECAs have agreed to guarantee future financings of certain of our Airbus deliveries; we have not entered into
any related loan agreements as of June 30, 2023.
5-Comprised of $1.97 billion undrawn commitments out of $2.66 billion total commitments under our syndicated revolving
credit facility, $1.2 billion intercompany line of credit with Tokyo Century, and $410 million in unrestricted cash.
Slide 9
1 - Excludes revolving lines of credit and commercial paper, which had outstanding balances of $0 million and $689 million,
respectively, as of June 30, 2023.
Slide 10
1- We have entered into interest rate swaps that exchange a portion of this floating rate interest to fixed interest rates to
manage exposure to changes in SOFR. The interest rate swaps have amortizing notional values and mature in December 2027.
As of June 30, 2023, our interest rate swaps had a notional value of $600 million.
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