William Blair Growth Conference Bristow Group Inc. June 9, 2015
Who we are: Bristow is a differentiated investment in oilfield services Ticker: BRS; stock price1 of Bristow transports crews for oil 57.98/share with a market cap 2.0 and gas companies and provides billion search and rescue (SAR)…
Who we are: Bristows Target Zero safety culture Industry-leading Target Zero safety BRISTOW AIR ACCIDENT RATE* program since 2006 PER 100,000 FLIGHT HOURS *includes commercial operations only Our current safety programs have 0.96…
Who we are: Service to the entire energy value chain, especially production Largest share of revenues (60%) relates to Typical revenues by segment oil and gas production, providing stability and growth opportunities There are 8,000…
Who we are: Bristows contract structure generates predictable income Two-tiered contract structure includes both: Fixed monthly standing charge to reserve helicopter capacity Variable fees based on hours flown with fuel pass-through…
Who we are: leading to low historical volatility Standard deviation of Standard deviation of operating net income to revenue cash flow to revenue 35% 32% 20% 18% 17% 18% 30% 16% 25% 16% 25% 14% 12% 12% Peer median 20% 12% 17% 10%…
What we are trying to achieve: Our future value proposition Significant liquidity of 494 million as of May 29, 2015 Prudent balance sheet Conservative adjusted 10-15% organic management debt to total net income growth…
What we are trying to achieve: Capitalize on secular growth trends Secular Trend: Secular Trend: Secular Trend: Aging population leads to Oil and gas production goes Aging population in government outsourcing further offshore OECD…
What we are trying to achieve: Elements of transformation Organic growth and improving returns focus on organic oil and gas sector growth and gross cash flow returns Business line diversification entry into civilian SAR and integrated…
What we are trying to achieve: Global organic oil and gas growth continues 107 15 4 28 9 Russia 56 9 Europe North America 30 56 11 2 46 E. Africa, M. East, & 7 Central Asia Gulf of Guinea 23 25 18 128 11 80 7…
What we are trying to achieve: with Bristows order book matching identified opportunities Bristow uses specific opportunities to create our order book with total opportunities condensed to 98 realistic bids 208 qualified aircraft…
What we are trying to achieve: Gross cash flow returns improving Operating cash flow Gross cash flow return 350 13.2% 14.0% 12.4% 300 11.2% 12.0% 10.2% 10.5% 250 10.0% in millions 200 8.0% 150 6.0% 267 253 231 232 100…
What we are trying to achieve: Business line diversification through UK SAR UK SAR contract is 10 years in term with an option for a two year extension by the UK government 85%/15% mix of fixed/variable revenue in UK SAR vs.…
What we are trying to achieve: Business line diversification through fixed wing integration Through acquisitions of Eastern Airways and Airnorth, Bristow has continued to increase its ability to offer clients point-to-point logistics…
What we are trying to achieve: Improving efficiency through Operations Transformation Initiatives Results to Date Upgrading enterprise technology Large, consistent sets of operational data (SAP/eFlight) enable efficiency gains and…
We are Bristow Differentiated investment in oilfield services with stable, contracted cash flows linked primarily to production Who we are Strong balance sheet with mostly owned fleet and proven commitment to returning capital to…
We are Bristow 18
Appendix
Fleet as of March 31, 2015 Aircraft in consolidated fleet Small Medium Large Training Fixed wing Total EBU - 12 67 - 30 109 WASBU 9 30 4 - 3 46 NABU 29 23 16 - - 68 AUSBU 2 8 17 - 13 40 OIBU - 29 8 - - 37 Academy - - - 71 - 71…
Order and options book as of May 31, 2015 ORDER BOOK1 UK SAR CONFIGURED ORDER BOOK Helicopter Helicopter Class Delivery Date Location Contracted Class Delivery Date Location Contracted 1 Large June-15 Europe Caspian 1 of 1 1 Medium…
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