Capital One Securities 10th Annual Energy Conference Bristow Group Inc. December 10, 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 29.60/share with a market cap 1.0 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…
FY16 initiatives progressing to support Bristows competiveness and financial strength Expected deferral of 100 million of aircraft capex out of FY16 with additional deferrals under negotiation: Capex Expected aircraft capex of 100…
U.K. SAR and recent acquisitions provide diversified cash flow U.K. SAR contract is 10 years in term with an option for a two year U.K. SAR extension by the U.K. government provides Expected operating revenue* and adjusted EBITDAR* for…
Bristow has substantial flexibility to reduce our fixed lease costs Modern fleet (average age 8 years) requires fewer renewal costs in the downturn Our mostly owned fleet gives us critical optionality to sell aircraft or decline lease…
Differentiated business model in oilfield services provides longer term value for shareholders Minimum liquidity of 200 million Prudent balance sheet Conservative adjusted management debt to total capitalization targets…
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 30 First Greek 20 Macondo sovereign Current oil debt…
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 13
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 14
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