Sky Harbour Group (SKYH) Sidoti Micro-Cap Virtual Conference summary

Conference highlights

• First virtual investor outreach held, with opportunities for one-on-ones and group Q&A.

• Emphasis on forward-looking statements and business risk disclosures.

• Leadership team introduced, highlighting backgrounds in aviation, finance, and business development.

• Encouragement for ongoing investor engagement and follow-up.

Business model and market opportunity

• Operates as a specialty real estate platform focused on aviation hangar development and leasing.

• Addresses a chronic and growing deficit in business aviation hangar capacity across major U.S. metro areas.

• Secures land at airports, develops private hangar campuses, and leases to high-credit tenants on long-term contracts.

• Achieves mid-teens unlevered yield on cost and targets expansion to 50 airports, with 14 currently active.

• Significant first-mover advantage and deep competitive moats in the home basing solution space.

Industry trends and macroeconomic drivers

• Demand for hangar space is driven by the square footage of the U.S. business aviation fleet, which has grown by nearly 30 million sq ft in the past decade.

• Over half of new aircraft require hangars with higher door thresholds, exacerbating the supply-demand mismatch.

• Hangar capacity growth has lagged aircraft growth by at least an order of magnitude.

• Airport land scarcity and inability to build new airports drive above-CPI rent inflation.