FTSE COMPANY REPORT Share price analysis relative to sector and index performance DP Aircraft I TICKER Aerospace and Defense — USD 0.035 at close 16 April 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 21-Apr-2015 1D WTD MTD YTD Absolute - - - - Rel.Sector - - - - Rel.Market - - - - VALUATION Data unavailable Trailing PE 0.3 EV/EBITDA 2.6 PB 0.0 PCF 0.1 Div Yield +ve Price/Sales 0.1 Net Debt/Equity 0.9 Div Payout 81.3 ROE 11.0 DESCRIPTION Data unavailable The Company engaged in a single segment of business, being acquiring, leasing and subsequent selling of aircraft. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: DP Aircraft I 16 April 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Mar-2021 31-Mar-2021 31-Mar-2021 20 14 1.4 +1SD 12 1.2 15 +1SD 1 10 +1SD 0.8 Avg 10 Avg 8 Avg 0.6 6 0.4 -1SD 5 -1SD -1SD 4 0.2 0 2 0 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Avon Rubber 120.0 Avon Rubber 21.4 Avon Rubber 5.4 Chemring Group 21.6 Aerospace and Defense 14.7 Aerospace and Defense 4.9 Ultra Electronics Holdings 17.2 Senior 11.6 BAE Systems 3.5 Qinetiq Group 17.1 Chemring Group 10.6 Ultra Electronics Holdings 3.1 BAE Systems 12.5 Ultra Electronics Holdings 10.4 Chemring Group 2.3 DP Aircraft I 0.3 Qinetiq Group 10.2 Qinetiq Group 2.1 Rolls-Royce Holdings -2.8 BAE Systems 8.5 Meggitt 1.8 Senior -2.9 Babcock International Group 4.9 Senior 1.2 Babcock International Group -5.9 DP Aircraft I 2.6 Babcock International Group 0.5 Meggitt -11.9 Rolls-Royce Holdings 0.0 DP Aircraft I 0.0 Aerospace and Defense -17.5 Meggitt 0.0 Rolls-Royce Holdings 0.0 -40 -20 0 20 40 60 80 100 120 140 0 5 10 15 20 25 0 1 2 3 4 5 6 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-Mar-2021 31-Mar-2021 31-Mar-2021 7 100 ‖ ‖ 7 90 6 6 +1SD 80 +1SD 5 70 5 60 4 Avg 4 50 Avg +1SD 3 40 3 2 -1SD 30 2 20 Avg -1SD 1 1 10 0 0 0 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Avon Rubber 80.0 DP Aircraft I 100.0 Avon Rubber 5.8 Meggitt 24.2 BAE Systems 4.7 Meggitt 2.2 BAE Systems 16.5 Babcock International Group 3.1 Chemring Group 1.9 Qinetiq Group 11.6 Ultra Electronics Holdings 2.8 Qinetiq Group 1.7 Ultra Electronics Holdings 11.0 Aerospace and Defense 2.6 Ultra Electronics Holdings 1.7 Chemring Group 10.3 Qinetiq Group 2.1 Aerospace and Defense 0.9 Senior 9.5 Chemring Group 1.5 BAE Systems 0.8 Babcock International Group 3.0 Avon Rubber 0.9 Rolls-Royce Holdings 0.7 DP Aircraft I 0.1 Senior 0.0 Senior 0.6 Rolls-Royce Holdings -2.8 Rolls-Royce Holdings 0.0 Babcock International Group 0.3 Aerospace and Defense -37.9 Meggitt 0.0 DP Aircraft I 0.1 -60 -40 -20 0 20 40 60 80 100 0 20 40 60 80 100 120 0 1 2 3 4 5 6 7 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: DP Aircraft I 16 April 2021 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-Mar-2021 31-Mar-2021 31-Mar-2021 1.4 100 ‖ ‖ 11 1.3 +1SD 10.5 95 +1SD 1.2 Avg 10 Avg 1.1 90 Avg 9.5 1 -1SD -1SD 85 9 0.9 -1SD 0.8 80 8.5 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 BAE Systems 1.4 Avon Rubber 100.0 BAE Systems 25.9 Babcock International Group 1.2 DP Aircraft I 81.3 Ultra Electronics Holdings 18.7 BAE Systems 58.7 Aerospace and Defense 1.0 Qinetiq Group 12.8 Ultra Electronics Holdings 46.2 DP Aircraft I 0.9 Qinetiq Group 35.4 DP Aircraft I 11.0 Senior 0.6 Senior 0.0 Aerospace and Defense 7.1 Ultra Electronics Holdings 0.4 Rolls-Royce Holdings 0.0 Avon Rubber 5.3 Meggitt 0.0 Avon Rubber 0.3 Babcock International Group -7.2 Chemring Group 0.0 Chemring Group 0.2 Babcock International Group 0.0 Meggitt -14.0 Qinetiq Group 0.0 Aerospace and Defense 0.0 Senior -33.3 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 0 20 40 60 80 100 120 -40 -30 -20 -10 0 10 20 30 ROE vs. PB — sector Du Pont Analysis 5.5 AVON 3 12 5.0 Aerospace and De 2.5 10 4.5 4.0 2 8 3.5 BA. 3.0 ULE 1.5 6 PB 2.5 CHG 1 4 2.0 QQ. MGGT 1.5 0.5 2 SNR 1.0 0.5 BAB 0 0 2017 2018 2019 2020 2021 0.0 DP Aircraft I 0 2 4 6 8 10 12 14 16 18 20 22 24 26 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: DP Aircraft I 16 April 2021 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation). EV is full company Market Capitalisation at the data date corresponding sector of the FTSE All Share Index for up to 366 days, rebased to the start plus last annual net debt and Preferred Stock. Net Debt is total financial debt less cash date. Note that the stock itself may not be a FTSE All share constituent. Relative Chart and short-term investments. EBITDA is operating income plus depreciation and may be null if there are no stocks in the corresponding FTSE UK All Share sector. amortisation. RSI Relative Strength Index. Calculated as 100 minus (100 divided by (1+ratio of positive Dividend Yield % Dividend Yield reflects the dividend declared per share and/or paid for the security in versus negative time weighted returns)). Reflects 14 day average gains/losses question for the most recent fiscal year, divided by the share price. Valuation History Outlier valuation data is not shown to scale as these would distort the chart. Instead, ∥ Return on Equity Return on Equity is net income over average common equity. Not calculated if Charts denotes valuation data which falls outside display truncation limits. (RoE) denominator (average common equity) is negative Top/Bottom Reflect data for up to five top and five bottom performers for the valuation metric in Dividend Payout Total dividends divided by Net Income expressed as a percentage.