Investor Presentaiton

-ATSO COMPELLING VALUE PROPOSITION MARKET REALITY Mid-size freighters are the asset of choice for express and e-commerce driven regional air networks Global demand for e-commerce expected to grow 38% through 2027 Additional aircraft types will be needed to meet the forecasted demand growth Conversion economics better than acquiring new freighter aircraft Conversion feedstock and slots are limited ATSG CAPABILITIES Focus on mid-size converted freighters. Existing lease portfolio that generates strong cash flow and returns ATSG's global offering and customer base well positioned to meet this demand growth ATSG already delivering A321s, and first A330 to begin freighter conversions in October 2023 Managed more passenger-to-freighter conversions at 260+ than any other company A leader in securing future A321/A330 conversion slots Slide | 10 ATSG

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