PRESENTATION FOR SHAREHOLDERS FY 2016

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Hollie Grant
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1 PRESENTATION FOR SHAREHOLDERS FY 26 APRIL 27

2 AVIAAM LEASING AT A GLANCE MORE THAN JUST A LEASING COMPANY MANAGEMENT BOARD AND SHAREHOLDERS FINANCIAL PERFORMANCE OVERVIEW REVENUE OVERVIEW EBITDA DEBT FLEET OVERVIEW AIRCRAFT FLEET TRANSACTION AND VALUE PERSPECTIVE P&L SUMMARY BALANCE SHEET SUMMARY CASH FLOW SUMMARY WHY AIRLINES CHOOSE LEASING COMPANIES TO FINANCE AIRCRAFT?

AVIAAM LEASING AT A GLANCE A Warsaw Stock Exchange listed global aviation holding company engaged in commercial aircraft acquisition, leasing and sales Specializes in mainline narrow-body aircraft as

3 AVIAAM LEASING AT A GLANCE A Warsaw Stock Exchange listed global aviation holding company engaged in commercial aircraft acquisition, leasing and sales Specializes in mainline narrow-body aircraft as well as high-potential regional jets Actively operating in global aviation market Global presence, choice of aircraft register Member of ISTAT Strong balance sheet High yield on aircraft portfolio Good prospects for growth and strengthening position in the market

MORE THAN JUST A LEASING COMPANY AviaAM Leasing is an integrated aviation company delivering a full range of aircraft leasing, trading and management services.

4 MORE THAN JUST A LEASING COMPANY AviaAM Leasing is an integrated aviation company delivering a full range of aircraft leasing, trading and management services. We provide a complete set of customized services and products to address most distinctive and unique needs of our clients AIRCRAFT LEASING AIRCRAFT TRADING CONSULTING SERVICES ASSET MANAGEMENT ENGINE LEASING Net operating (dry) or financial leases Short-term: up to 3 yrs Long-term: 3 yrs and above Aircraft purchases, customization and sales Aircraft remarketing for lease or sale Identification of acquisition and lease prospects Market analysis Fleet structuring Aircraft registration services Aircraft repossessions Maintenance analysis Technical management Contract management Financial engineering Asset value protection Operating Engine leasing Engine sale & lease back Guaranteed spare engine availability Engine exchanges

MANAGEMENT BOARD AND SHAREHOLDERS SHAREHOLDER STRUCTURE ALH Aircraft Leasing Holdings

SIDLAUSKAS Chairman of the Management Board and CEO Member of the Management Board &

5 MANAGEMENT BOARD AND SHAREHOLDERS SHAREHOLDER STRUCTURE ALH Aircraft Leasing Holdings Ltd Mesotania Holdings Ltd Nationale-Nederlanden OFE 38% 3% Aurimas Sanikovas Tadas Goberis Others.7%.3% 6% 25% TADAS GOBERIS JUSTINAS GILYS AURIMAS SANIKOVAS DOMAS GIRTAVICIUS TOMAS SIDLAUSKAS Chairman of the Management Board and CEO Member of the Management Board & Executive Director Member of the Management Board Member of the Management Board & Vice President Business Development Member of the Management Board & Vice President Sales

6 FINANCIAL PERFORMANCE OVERVIEW REVENUES (USDm) NET ASSETS AND SHARE CAPITAL RATIO (USDm) I-XII 25 I-XII December 25 3 December Net assets Net assets / Share Capital ratio NET PROFIT (USDm) CASH AND CASH EQUIVALENTS (USDm) I-XII 25 I-XII December 25 3 December 26

7 REVENUE OVERVIEW REVENUE SPLIT - QUARTERS COMPARISON (USDm) m 7.m -5.9m m.7m 3m m 2.3m -.7m , m..6.3m -.5m Q 26 Q2 26 Q3 26 Q4 26 Lease revenue Supplemental maintenance rent Commission income Sales of aircraft REVENUE I-XII 25 vs. I-XII 26 (USDm) m m m m I-XII 25 I-XII 26 Sales of aircraft Commission income Supplemental maintenance rent Lease revenue

8 REVENUE OVERVIEW REVENUE 25 vs. 26 (USDm) Revenue I-XII Lease revenue 2. Supplemental maintenance rent 4.6 Sales of aircraft 9.2 Commission income 89.5 Revenue I-XII 26 REVENUES, OPERATING PROFIT AND NET PROFIT COMPARISON WITH PRIOR YEARS (USDm) % 8% 9 2% I-XII 24 I-XII 25 I-XII 26 Revenues (USDm) Operating profit (USDm) Net profit (USDm) Profit margin (%) 35% 3% 25% 2% 5% % 5% %

9 EBITDA EBITDA I-XII 25 vs. I-XII 26 (USDm) (.65) (.36) (.24) EBITDA I-XII 25 Revenue from aircraft leases Gain on sales of aircraft* Net commission income** Gain on sale of subsidiaries Other income*** Aircraft maintenance expenses Employee-related expenses Other expenses**** EBITDA I-XII 26 *Calculated as revenue from aircraft sales plus gain on sale of PPE less costs of aircraft sold **Calculated as commission income less costs of services rendered ***Calculated as sum of interest income on loans and other gain (losses) net ****Calculated as sum of other operating expenses and impairment of receivables and prepayments and revaluation of aircraft and investment property

DEBT DEBT MATURING IN LESS THAN YEAR (USDm) 3 December 26 3 September 26 3 June 26 3 March 26 3.5 4. 8.6 7.6 % of total debt 5% 22% 22% 7% DEBT MATURING BETWEEN AND 5 YEAR (USDm) 5.9 48.2 49.8 3.

10 DEBT DEBT MATURING IN LESS THAN YEAR (USDm) 3 December 26 3 September 26 3 June 26 3 March % of total debt 5% 22% 22% 7% DEBT MATURING BETWEEN AND 5 YEAR (USDm) % of total debt 85% 78% 78% 29% Total debt Cash Net debt (4.) Ratios Debt/assets Net debt/equity (.37) Weighted average interest rate 5.2% 5.22% 5.24% 7.8%

FLEET OVERVIEW 4 x Airbus A32 x Boeing 737-3 2 x Boeing 737-5 8 x CRJ2LR 2 x CRJ2LR Business Jets FLEET DISTRIBUTION COMMENTS Domicile country of the lessee Country of aircraft registration Aircraft

11 FLEET OVERVIEW 4 x Airbus A32 x Boeing x Boeing x CRJ2LR 2 x CRJ2LR Business Jets FLEET DISTRIBUTION COMMENTS Domicile country of the lessee Country of aircraft registration Aircraft type Number of aircraft on lease Russia Bermuda CRJ2 8 Poland Poland Airbus A32 4 Kazakhstan Lithuania B737-5 Belarus Belarus B737-3 Lithuania Lithuania CRJ2 Business Jets 2* N/A N/A B737-5 ** Total 7 6 aircraft are leased out under long term operating lease agreements All leases are secured by security deposits paid by lessees at the inception of leases The vast majority of the leased aircraft are registered in renowned aircraft registration jurisdictions Bermuda, Poland and Lithuania Successful risk and relationship management no overdue receivables from any of the lease customers Strict operating monitoring procedures of the financial position of the lessees and aircraft maintenance status * The business jets are operated by KlasJet (subsidiary of Avia Solutions Group) ** The aircraft is under preparation for sale

12 AIRCRAFT FLEET AIRCRAFT TRANSACTIONS SUMMARY 3 DECEMBER 25 3 DECEMBER 26 3 December 25 3 March 26 3 June 26 3 September 26 3 December 26 Bombardier CRJ Boeing Boeing Airbus A Airbus A Airbus A Ʃ 5 Ʃ 7 Ʃ 8 Ʃ 8 Ʃ 7 NET BOOK VALUE OF AIRCRAFT AND AIRCRAFT UNDER PREPARATION FOR USE (USDm) (43.) (8.9) (5.6) Opening January 26 Additions Disposals Reclassifications Depreciation charge Impairment loss - net Closing 3 December 26

13 P&L SUMMARY P&L (USD ') I-XII 26 I-XII 25 Revenue from aircraft leases 26,97 2,39 Gain on sales of aircraft 9,754 (488) Net commission income 9,3 3,894 Other income,659 2,32 Aircraft maintenance expenses (3,345) (2,982) Depreciation and amortisation (8,943) (4,6) Employee-related expenses (883) (65) Other expenses (8,545) (2,837) Operating profit 25,67 5,479 EBITDA 4,765 9,45 Profit (loss) before income tax 2,243 2,968 Profit (loss) for the period 7,82,42

14 BALANCE SHEET SUMMARY Balance sheet (USD ') 3 December 26 3 December 25 Total assets, of which: 2,889 22,26 Non-current assets 9,738 63,949 Current assets 9,5 58,257 Equity 3,339 95,94 Non-current liabilities, of which: 58,778 2,7 Borrowings 5,859 5,48 Security deposits received 5,2 4,65 Deferred income tax liabilities 2,79,877 Current liabilities, of which: 38,772 4,258 Borrowings 8,642 5,927 Trade and other payables 25,4 3,658 Security deposits received - 52 Advances received Current income tax liabilities 4,735 3,994 Total equity and liabilities: 2,889 22,26

15 CASH FLOW SUMMARY Cash flow (USD ') I-XII 26 I-XII 25 Net cash generated from (used in) operating activities 34,98 36,92 Net cash generated from (used in) investing activities (8,296) (42,666) Net cash generated from (used in) financing activities 47,38 (3,727) Cash at the beginning of the period 27,93 36,574 Increase (decrease) in cash and cash equivalents,823 (9,48) Cash at the end of the period 28,96 27,93 CASH BALANCE 25 vs. 26 (USDm) (8.3) 28.9 Cash at the end of 25 Net cash used in operating activities Net cash generated from financing activities Net cash used in investing activities Cash at the end of 26

16 WHY AIRLINES CHOOSE LEASING COMPANIES TO FINANCE AIRCRAFT? OVER HALF OF WORLD AIRLINE FLEET NOW LEASED Operating leases: 97 to 24,5% 7 leased,7% leased Greater financial flexibility Greater fleet flexibility Access to attractive delivery slots Availability of capital Avoid pre-delivery payments Zero residual value risk Growth in Low Cost Carriers (LCC's) Aircraft Aircraft 4,7% 343 leased 24,7% 375 leased 4,7% 844 leased Over 5% leased Aircraft Aircraft Aircraft 22 forecast

17 CONTACT US AviaAM Leasing AB Smolensko st., LT-32 Vilnius Lithuania E. T

PRESENTATION FOR SHAREHOLDERS Q2 2016

PRESENTATION FOR SHAREHOLDERS Q2 26 AUGUST 26 2 3 4 5 6 7 8 9 2 3 AVIAAM LEASING AT A GLANCE MORE THAN JUST A LEASING COMPANY EXPERIENCE AND EXPERTISE FINANCIAL PERFORMANCE OVERVIEW REVENUE OVERVIEW EBITDA