BOC Aviation: Research Analyst Update Call

BOC Aviation First quarter 2022 balance sheet

APRIL 27, 2022

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Q1 2022 and recent developments

STRONG ASSET

QUALITY

  • 530 aircraft owned, managed and on order1

  • 4.1 years2 average age of the fleet; 8.2

years2 average remaining lease term

PROACTIVE INVESTMENT STRATEGY

  • Seven aircraft deliveries

  • 22 lease commitments signed

  • Committed to acquiring 13 new aircraft, including 11 Boeing 737 MAX 8 for lease to Lynx Air

  • Announcement of the purchase of 80 new Airbus A320NEO family aircraft, scheduled for delivery between 2027 and 2029

  • The largest aircraft order in the Company the story

A strong start to the year with new aircraft purchase commitments for future growth

All data as of March 31, 2022 unless otherwise indicated See Appendices – Endnotes

  • $6 billion in available cash

  • More than covers 2022 target capex and maturing liabilities

  • Well positioned to support future investments

A

SOLID CREDIT

RATINGS

EXPERIENCED MANAGEMENT AND

OWNERSHIP

Number of aircraft delivered, purchased and sold

How we invest

Investing in aircraft through multiple cycles

All data at the end of the relevant period

Popular and fuel-efficient fleet

Our aircraft portfolio

Aircraft type

Aircraft owned

Planes managed

Aircraft on order1

Total

Airbus A320CEO Family

102

15

0

117

Airbus A320NEO Family

92

0

33

125

Airbus A330CEO Family

ten

1

0

11

Airbus A330NEO Family

6

0

0

6

Airbus A350 Family

9

0

0

9

Boeing 737NG family

72

14

0

86

Boeing 737 MAX family

40

0

55

95

Boeing 777-300ER

26

4

1

31

Boeing 777-300

0

1

0

1

Boeing 787 family

21

1

21

43

Freighters

5

1

0

6

Total

383

37

110

530

100% of the backlog includes state-of-the-art aircraft

All data as of March 31, 2022

See Appendices – Endnotes

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