Barclays CEO Energy Power Conference Bristow Group Inc. September 8, 2015
Bristow is a leading competitor in oilfield helicopter services with our U.K. SAR contract providing non-energy cash flows Ticker: BRS; stock price1 of Bristow transports crews for oil 36.75/share with a market cap 1.3 and gas companies…
Our Target Zero safety culture is the key component of our corporate core values Industry-leading Target Zero safety program since 2006 As part of Target Zero, Bristow learns from all of our incidents and accidents Our safety programs…
Our logistics services are focused on the production segment of the energy value chain Largest share of revenues (60%) relates to Typical revenues by segment oil and gas production, providing stability and growth opportunities There…
Our contract structure generates more predictable income and cash flow Two-tiered contract structure includes both: Fixed monthly standing charge to reserve helicopter capacity Variable fees based on hours flown with fuel pass-through…
Bristow, as a leader in oil field service transportation, is facing significant challenges with our clients The downturn is longer and deeper than originally expected especially as our clients go into their annual forecast planning…
FY16 operating expense reduction initiatives to retain Bristows financial strength Up to 95 million (for the full fiscal year) through: Initial cost Labor and maintenance cost with focus on productivity management G & A and discretionary…
Bristow has substantial flexibility to reduce our capital expenditures and fixed lease costs Modern fleet (average age 9 years) requires fewer renewal costs in the downturn Long-standing OEM partnerships have allowed for net capex…
U.K. SAR and recent acquisitions provide diversified cash flow U.K. SAR U.K. SAR contract is 10 years in term with an option for a two year provides extension by the U.K. government long term Expected operating revenue* and adjusted…
U.K. SAR implementation has been successful leading to future non-oil and gas growth Six of ten U.K. SAR bases now operational with four remaining bases to be operational by Q2 FY18 570 million of total 965 million original capital for…
Differentiated business model in oilfield services provides longer term value for shareholders Minimum liquidity of 250 million Prudent balance Conservative adjusted sheet debt to total management capitalization targets Growth…
Secondary market for oil and gas helicopters Over the last five years, we have sold 123 aircraft for total cash Global Helicopter Fleet proceeds of 226 million (pre-tax book gain of 15 million) Our helicopters are routinely sold…
Bristows fleet FMV and book value have shown greater resilience compared to our stock price 90 Book value of equity per share Closing stock price Net asset FMV * 80 70 60 50 40 First Greek 30 sovereign Current oil Macondo debt crisis…
Bristow has been negatively impacted by this downturn, but has the flexibility to persevere Our business model is less immune to the downturn than we originally thought, but through prudent balance sheet management we maintain a level…
We are Bristow 16
Contact us Bristow Group Inc. (NYSE: BRS) 2103 City West Blvd., 4th Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com 17
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