Financials Air Lease Corporation

Equities

AL

US00912X3026

Corporate Financial Services

Market Closed - Nyse Other stock markets 21:00:02 07/11/2025 GMT			5-day change	1st Jan Change
63.82 ^USD	+0.11%		-0.06%	+32.38%

11-03	Air Lease Q3 Adjusted Earnings, Revenue Rise	MT
11-03	Air Lease Corp profits rise in third quarter ahead of sale to investor-led group	RE

Projected Income Statement: Air Lease Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,015	2,088	2,317	2,685	2,734	2,969	3,195	3,423
Change	-	3.62%	10.96%	15.87%	1.81%	8.61%	7.62%	7.12%
EBITDA ¹	1,902	1,937	1,373	2,397	2,514	2,941	2,921	3,092
Change	-	1.81%	-29.08%	74.56%	4.86%	17%	-0.69%	5.86%
EBIT ¹	1,121	1,054	1,179	1,396	1,370	1,805	1,590	1,737
Change	-	-6.01%	11.85%	18.38%	-1.83%	31.78%	-11.95%	9.3%
Interest Paid ¹	-474.8	-513	-546.2	-709	-836.8	-875	-829	-
Earnings before Tax (EBT) ¹	646.7	541	-138.8	753.6	533.3	1,315	775	913.3
Change	-	-16.34%	-125.65%	643.1%	-29.24%	146.53%	-41.05%	17.84%
Net income ¹	500.9	408.2	-138.7	572.9	372.1	1,000	594.7	691.6
Change	-	-18.51%	-133.99%	512.99%	-35.06%	168.84%	-40.54%	16.28%
Announcement Date	22/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	489.1	474.8	491.9	524.5	597.2	596.7	557.7	561.3	601.6	636.1	672.9	659.4	716.6	663.3	667.3	690.2	712.9	738.3	731.7	725.4	782.7	780.7	786.1	803.2	-
Change	-	-2.92%	3.59%	6.63%	13.85%	-0.09%	-6.53%	0.65%	7.18%	5.74%	5.78%	-2.01%	8.68%	-7.43%	0.6%	3.43%	3.29%	3.56%	-0.89%	-0.86%	7.9%	-0.25%	0.69%	2.18%	-
EBITDA ¹	465.9	442.5	458.5	486.7	548.9	566.4	512.6	515.9	580.8	582.6	618.4	607.9	588.5	607.3	613	637.8	655.7	661.3	669.2	664	727.7	724.5	732	749.6	-
Change	-	-5.02%	3.61%	6.16%	12.76%	3.2%	-9.5%	0.63%	12.59%	0.31%	6.13%	-1.7%	-3.19%	3.2%	0.94%	4.05%	2.8%	0.86%	1.19%	-0.77%	9.59%	-0.44%	1.04%	2.4%	-
EBIT ¹	263.2	233.5	240.7	261.8	318	331.1	277.3	273.3	297.1	323	349.8	340.5	382.4	330	331	347.7	361.2	362.3	364.9	352.9	417.9	413.3	419.2	432.2	-
Change	-	-11.26%	3.05%	8.77%	21.49%	4.11%	-16.24%	-1.44%	8.68%	8.71%	8.3%	-2.66%	12.3%	-13.69%	0.3%	5.03%	3.89%	0.3%	0.71%	-3.29%	18.42%	-1.1%	1.43%	3.1%	-
Charge d'intérêts ¹	-157	-130	-126.1	-127.2	-129.7	-130.5	-132.4	-135.5	-147.8	-164.7	-185.8	-175.5	-183	-194.7	-203.3	-217.5	-221.4	-222.6	-222.3	-	-212	-213	-210	-205	-202
Earnings before Tax (EBT)	137.8	103.5	114.6	134.5	188.4	-601.7	144.9	137.8	180.2	158.3	164	165	266.4	135.3	127.7	130.2	140	471.7	-	-	-	-	-	-	-
Change	-	-24.88%	10.66%	17.44%	40.01%	-419.41%	124.09%	-4.89%	30.72%	-12.16%	3.59%	0.65%	61.44%	-49.2%	-5.61%	1.95%	7.47%	237.01%	-	-	-	-	-	-	-
Net income ¹	107.2	80.25	85.59	100	142.3	-479.4	105.9	99.96	134.9	118.3	122	122	210.6	97.44	90.44	91.65	92.55	364.8	374.1	135.4	142.2	-	-	-	-
Change	-	-25.18%	6.65%	16.85%	42.31%	-436.86%	122.08%	-5.57%	34.95%	-12.3%	3.11%	0.04%	72.61%	-53.74%	-7.19%	1.34%	0.98%	294.12%	2.56%	-63.81%	5.03%	-	-	-	-
Announcement Date	22/02/21	06/05/21	05/08/21	04/11/21	17/02/22	05/05/22	04/08/22	03/11/22	16/02/23	01/05/23	03/08/23	06/11/23	15/02/24	06/05/24	01/08/24	07/11/24	13/02/25	05/05/25	04/08/25	03/11/25	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Air Lease Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	14,761	15,914	17,861	18,718	19,734	19,924	19,863	20,012
Change	-	7.81%	12.23%	4.8%	5.43%	0.96%	-0.31%	0.75%
Announcement Date	22/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Air Lease Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	1,793	2,736	3,121	4,094	4,115	1,948
Change	-	52.62%	14.09%	31.18%	0.49%	-52.67%
Free Cash Flow (FCF) ¹	-702.4	-1,359	1,739	-2,348	-2,438	-
Change	-	-93.49%	227.98%	-234.98%	-3.84%	100%
Announcement Date	22/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-

¹USD in Million

Estimates

Forecast Financial Ratios: Air Lease Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	94.38%	92.73%	59.27%	89.29%	91.96%	99.06%	91.41%	90.33%
EBIT Margin (%)	55.64%	50.47%	50.87%	51.98%	50.12%	60.81%	49.75%	50.76%
EBT Margin (%)	32.09%	25.91%	-5.99%	28.07%	19.51%	44.28%	24.25%	26.68%
Net margin (%)	24.85%	19.54%	-5.99%	21.34%	13.61%	33.69%	18.61%	20.2%
FCF margin (%)	-34.85%	-65.07%	75.05%	-87.43%	-89.17%	-	-	-
FCF / Net Income (%)	-140.22%	-332.96%	-1,253.72%	-409.76%	-655.15%	-	-	-
Profitability
ROA	2.13%	1.56%	-0.5%	1.95%	1.19%	3.04%	2.36%	2.54%
ROE	8.57%	6.24%	9.66%	8.3%	5.06%	12.84%	9.53%	10.13%
Financial Health
Leverage (Debt/EBITDA)	7.76x	8.22x	13.01x	7.81x	7.85x	6.77x	6.8x	6.47x
Debt / Free cash flow	-21.02x	-11.71x	10.27x	-7.97x	-8.1x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	88.94%	131%	134.7%	152.5%	150.52%	65.6%	-	-
CAPEX / EBITDA (%)	94.24%	141.27%	227.28%	170.79%	163.68%	66.22%	-	-
CAPEX / FCF (%)	-255.22%	-201.31%	179.47%	-174.41%	-168.8%	-	-	-
Items per share
Cash flow per share ¹	9.562	12.03	12.38	15.68	14.99	20.3	24	-
Change	-	25.82%	2.92%	26.6%	-4.37%	35.42%	18.23%	-
Dividend per Share ¹	0.61	0.67	0.755	0.81	0.85	0.8725	0.9167	0.9
Change	-	9.84%	12.69%	7.28%	4.94%	2.65%	5.06%	-1.82%
Book Value Per Share ¹	53.34	61.49	59.94	64.49	67.63	70.51	80.4	86.76
Change	-	15.28%	-2.52%	7.6%	4.87%	4.26%	14.02%	7.91%
EPS ¹	4.39	3.57	-1.24	5.14	3.33	6.18	5.065	6.459
Change	-	-18.68%	-134.73%	514.52%	-35.21%	85.59%	-18.04%	27.51%
Nbr of stocks (in thousands)	113,779	113,987	110,892	111,027	111,377	111,765	111,765	111,765
Announcement Date	22/02/21	17/02/22	16/02/23	15/02/24	13/02/25	-	-	-