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Air Lease Corporation Analysis: Trends, Overview, and Valuation

This presentation analyzes Air Lease Corporation's current holdings, macroeconomic trends, industry structure, company overview, financial analysis, projections, valuation, and recommendation based on stock performance and relevant macroeconomic trends. The focus is on the global airline market, GDP growth, European and Asian markets, budget airlines, and fleet leasing trends. The company overview covers financing, products, customers, SWOT analysis, and financial ratios, leading to a hold recommendation for 400 shares purchased in 2012.

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Air Lease Corporation Analysis: Trends, Overview, and Valuation

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  1. BharathChandrashekhar Hui Li Rodrigo Serna Presented March 11, 2014 Air Lease Corporation (AL)

  2. Agenda • Current Holdings – Current Holdings of AL • Relevant Macroeconomic Trends • Industry Structure Analysis • Company Overview • Financial Analysis • Projections/Assumptions • Valuation • Recommendation

  3. Current Portfolio Holdings

  4. Stock performance 400 shares of AL purchased on 12/18/12 @ 22.32 Closed @ 37.09 on 3/10/14

  5. Relevant Macroeconomic Trends + Global Airline Market + Global GDP Growth + European & Asian Markets + Budget Airlines + Increase in % of Global Fleet Leased - Emerging Markets +/- Consolidation of Industry Caption: Percentage of Fleets Leased in Geographic Areas Source: CIT Aerospace Aircraft Leasing Industry Overview (p26, p29)

  6. Industry Structure Analysis

  7. Company Overview Financing Airlines Boeing Airbus Air Lease

  8. Debt • Unsecured Debt (70% of Total Debt): Flexibility • BBB- from S&P, Aug 2013 Source: AL 2013 10K P45

  9. Products Source: AL 2013 10K P46

  10. Customers Source: AL 2013 10K P5-6

  11. SWOT Analysis

  12. Financial Analysis

  13. Projections/Assumptions

  14. Financial Ratios

  15. Valuation

  16. Comparable Companies

  17. Recommendation HOLD 400 Shares

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