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Investor Presentation

capitalization AR share count (in millions, treasury method) Share Price as of 9/30/2023 (USD): Subordinate Voting Shares Multiple Voting Shares Exchangeable Shares Warrants (net shares) Shares for pending M&A Treasury Method Shares (pro forma)¹ $2.29 63.9 3.7 9.7 .1 76.7 net debt outstanding (USD millions) Senior Secured Debt (9/30/2023) Debts Payable non-current (9/30/2023) Debts Payable current (9/30/2023) Total pro forma Debt Cash on Balance Sheet (9/30/2023) Net Debt 1) Excludes AYR granted but unvested service-based LTIP shares totaling 5.0 million 2) Treasury method share count includes (675K) in treasury stock 3) Current debt does not reflect contingent deferrals pending the closing of senior note extension announced 11/1/2023 CSE:AYR.A | OTC:AYRWF $243.3 135.2 59.1 $437.6 72.8 $379.2 14
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