Willis Lease Finance Corporation · NASDAQ:WLFC
Willis Lease Finance — Q3 2026 Earnings Presentation
19 slides from Willis Lease Finance's earnings presentation, Nov 3, 2026
Slide 1: Q3 2026 Earnings Call
Q3 2026 EARNINGS CALL Date: November 3, 2026 Time: 10:00 AM EST Presenters: Austin C. Willis Scott B. Flaherty
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute an offer to any person or to the public generally to subscribe for or otherwise acquire any securities. This presentation has been prepared solely for informational purposes and is not intended to serve as the basis for any investment decision. Under
Slide 3: Why Willis?
WHY WILLIS? Vertically Willis Aviation Capital Core Leasing Business Services Strong Balance Sheet Integrated Platform (WAC) ENABLES LEVERAGES CAPTURES ACCELERATES SUPPORTS differentiated offerings strong aviation leasing growing maintenance and a flywheel effect across long-term growth and and stro
Slide 4: Q3 Highlights
Q3 HIGHLIGHTS Grew AUM Expanded Capital Base Record Quarterly Revenues Asset Aggregation Grew assets under management across the Expanded equity capital base with an Record Lease Rent Revenues and Total Closed $698.7M in assets (base purchase Willis Lease balance sheet and Willis Aviation additional
Slide 5: Q3 Financial Results Continue Growth Trajectory
Q3 FINANCIAL RESULTS CONTINUE GROWTH TRAJECTORY REVENUE NET INCOME TO SHAREHOLDERS BLENDED UTILIZATION (4) $246.3M $10.2M 83% Return on Equity of 11% (2) With on-lease lease rate factor of 1.06% per month (4) ASSETS UNDER MANAGEMENT Adjusted EBITDA NET DEBT / EQUITY $4.9B(1) $100.9M(5) 2.88x(3) Up 3
Slide 6: Consistent Growth Across Entire Platform
CONSISTENT GROWTH ACROSS ENTIRE PLATFORM Driven by WLFC’s market leading assets, capabilities and deep customer relationships $238.9M 10% $216.6M $55.4M 15% $48.2M Q3 2025 Q3 2026 Q3 2025 Q3 2026 YTD YTD YTD YTD LEASE RENT Gain on Sale-Lease Portfolio Lease rent of $238.9M (+10.3% YoY) During th
Slide 7: Profitability & Cashflows
PROFITABILITY & CASHFLOWS Net income, Diluted EPS, Adjusted EBITDA, and Net Contribution Margin Net Income Attributable to Common Shareholders Diluted EPS $62.6M $2.86 $10.2M $0.47 Q3 2026 YTD 2026 Q3 2026 YTD 2026 Adjusted EBITDA Net Contribution Margin $345.5M $65.2M $100.9M $25.0M Q3 2026 YTD 202
Slide 8: Willis Aviation Capital Enhances WLFC Portfolio
WILLIS AVIATION CAPITAL ENHANCES WLFC PORTFOLIO Transforms WLFC from balance-sheet lessor to scaled aviation asset manager Blackstone Credit & Insurance Willis Aviation Capital (WAC) Engine leasing >$1.0B REVENUE VOLUME ORIGINATION Liberty Mutual Investments Generates recurring income Increases the
Slide 9: Driving Higher Returns on Average Investments
DRIVING HIGHER RETURNS ON AVERAGE INVESTMENTS Management & Advisory Fee Growth Enhancing ROI Q3 2025 YTD Q3 2026 YTD Income from Investments Management & Advisory Fees Income from Investments Management & Advisory Fees $32.5M $135.5M 32% 27% $16.1M $80.4M $17.9M $6.4M $9.6M $14.5M Mgmt & Adv Fees Av
Slide 10: Scaling a Capital-Light Asset Management Platform
SCALING A CAPITAL-LIGHT ASSET MANAGEMENT PLATFORM Leveraging our industr y -leading Willis Platform ® to bring attractive returns to our par tners and enhance enterprise value $1BN+ $1B+ (2) AUM: $4.9 BN+ $600M(2) $600M $227M as of 09/30/2026 $2.8BN+ $350M $225M committed and managed capital $875M $
Slide 11: Platform Offers Differentiated Capabilities to Customers
PLATFORM OFFERS DIFFERENTIATED CAPABILITIES TO CUSTOMERS Engine & Aircraft Leasing Institutional-backed Capital at Scale Engine Maintenance & Disassembly (US/UK) Regional & Specialty Assets Leasing Leasing, Loans & Loan-like Products CFM56-5B/7B Test Cell (US) – Coming Soon! Engine & A
Slide 12: Unique Opportunity in Aviation
UNIQUE OPPORTUNITY IN AVIATION The right platform in the right market at the right time Right Platform Right Market Right Time Proven leadership team with deep aviation ~$4.9B AUM(1) in high-demand assets Visible pipeline driving near-term earnings leasing track record growth Broad diversifi
Slide 13: Appendix
APPENDIX
Slide 14: Consolidated Quarterly Statements of Income
1 Consolidated Quarterly Statements of Income
Slide 15: Consolidated Quarterly Statements of Income
Consolidated Quarterly Statements of Income (unaudited) 15
Slide 16: Consolidated Balance Sheets
2 Consolidated Balance Sheets
Slide 17: Consolidated Balance Sheets
Consolidated Balance Sheets 17
Slide 18: Reconciliation of Non-GAAP Measures
3 Reconciliation of Non-GAAP Measures
Slide 19: Adjusted EBITDA Reconciliation (unaudited)
Adjusted EBITDA Reconciliation (unaudited)(1) Q3 2026 and Q3 2025 1) We define Adjusted EBITDA as net income attributable to common shareholders, excluding (i) income tax expense, (ii) interest expense, (iii) preferred stock dividends/costs, (iv) loss on debt extinguishment, (v) depreciation and amo