Investor Presentaiton

-FINANCIAL CASH FLOW VISIBILITY Recurring revenue streams, multi-year agreements account for >80% of current revenue; majority from investment grade credits Growth capital is discretionary and based on expected future returns Non-discretionary sustaining capex is expected to decline and is not impacted by additional owned aircraft as leased freighter maintenance is responsibility of lessees. FY 2023E REVENUE BY TYPE* RECURRING > 80% NON- RECURRING <20% *Recurring revenue includes revenues under customer agreements with more than 12 months in duration. Slide 156 ATSG

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