flyExclusive Investor Presentation Deck
SUMMARY 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:
ā
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
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