Exhibit 99.2 Q1 2015 Earnings Presentation May 6, 20150
Q1 2015 Earnings Call Agenda I. Introduction Harmony Packard, Corporate Communications II. Operational Highlights Chris Bradshaw, President, CEO and CFO III. Financial Review Chris Bradshaw, President, CEO and CFO IV. Questions &…
Non-GAAP Financial Measures Reconciliation This presentation includes EBITDA and Adjusted EBITDA as supplemental measures of the Companys operating performance. EBITDA is defined as Earnings before Interest (includes interest income,…
Operational Highlights 4
Q1 2015 Highlights Revenues of 67.4mm Revenues (000s) 12.0mm lower than Q1 2014 primarily due 125,000 to lower utilization of our medium helicopters 15% 10% 7.3mm lower than Q4 2014 primarily due to 100,000 79,443 lower…
Oil & Gas Gulf of Mexico Year-over-year revenues down along with decline in total flight hours Primarily due to lower utilization of medium and light single helicopters Sequential quarter decline primarily due to lower utilization…
Oil & Gas Alaska Decline in revenues year-over-year and sequentially primarily due to lower utilization of medium helicopters Revenues (000s) Flight Hours 10,000 39% 41% 1,500 8,000 57% 48% 6,197 6,496 1,000 6,000 682…
Oil & Gas International Year-over-year and sequential quarter revenues decreased due to conclusion of an international contract Revenues (000s) 2,000 1,245 1,000 183 Q1 2014 Q1 2015 Q4 2014 Q1 2015 8
Dry-Leasing Revenues increased year-over-year due to increased cash collections from Aerleo, partially offset by contracts that ended subsequent to the prior year quarter (some where helicopters were sold) Aerleo cash collections…
Search and Rescue Decrease in revenues over the prior year quarter and sequentially primarily due to fewer flight hours Operate AW139 SAR helicopters out of Galveston, TX and Fouchon, LA providing 24/7 emergency services covering…
Air Medical Year-over-year decline in revenues primarily due to the conclusion of a contract subsequent to the prior year quarter Operate with a mix of helicopters owned by Era, leased-in by Era or owned by the hospitals…
FBO Era operated a fixed based operation (FBO) at Ted Stevens Anchorage International Airport that sells fuel on an ad-hoc basis and leases hangar and office space Decline in FBO revenues primarily due to decreased fuel sales…
Brazil Update Of the 7x AW139 contracts awarded in 2013, 3 began operations in December 2014, 1 began in March 2015, 2 began in April 2015, and we expect the last 1 to begin in early June 2015 Aeroleo was the low bidder on multiple…
Growing Heavy Helicopter Fleet The new AW189 helicopter model recently received FAA certification, and we are currently scheduling acceptance and delivery of our first 4 AW189s Remaining 5 scheduled through Q2 2017(a) Recently…
Houma Base Expansion Houma, LA base expansion project progressing When completed, it will be the premier helicopter operating facility in the Gulf Coast area Expected total cost of 22mm 18mm incurred to date (customers funding…
Financial Review 16
Quarter Period Over Period Comparison Three Months Ended March 31, 2015 2014 Change % Variance (000s) Operating revenues 67,415 79,443 (12,028) (15%) Operating expenses 43,605 49,640 (6,035) 12% G&A expenses 9,743 11,334 (1,591)…
Fleet Overview Joint Average Owned Ventured Leased-In Managed Total Age(a) Heavy: EC225 9 9 5 Total Heavy 9 9 Medium: AW139 38 1 39 5 B212 8 8 36 B412 3 3 34 S76 A/A++ 2 2 25 S76 C+/C++ 5 1 6 8 Total Medium 56 1 1 58 Light…
Helicopter Order and Options Book Remaining Amount Delivery Class Type Number Firm Cancellable Current Order Book 2015 Heavy AW189 4 36.8 2015 Heavy S92 2 11.7 2016 Heavy AW189 3 40.1 2016 Heavy S92 2 45.3 2017 Heavy AW189…
Capitalization and Financial Policy March 31, 2015 (000s) Era continues to generate substantial free cash flow before growth capex Cash and cash equivalents 33,691 During Q1 2015, Era repurchased 9.9mm of Credit facility 90,000 its…
Net Asset Value 50 45 40 35 30 25 20 15 Jan-13 Apr-13 Apr-13 Jul-13 Jul-13 Oct-13 Oct-13 Jan-14 Jan-14 Apr-14 Apr-14 Jul-14 Jul-14 Oct-14 Oct-14 Jan-15 Jan-15Apr-15 NAV per Share (excl. deferred taxes) Stock…
NAV per Share Calculation (in million, except share data) 12/31/14 3/31/15 Comments + FMV of Helicopters 912 893 Assumes 1% quarterly depreciation; 5 helicopters sold + NBV of Other PP&E 164 169 + Working Capital 80 81 + Other Net…
Operating Revenues and Flight Hours by Line of Service Three Months Ended (000s) 31-Mar-15 31-Dec-14 30-Sep-14 30-Jun-14 31-Mar-14 Oil and gas:(a) U.S. Gulf of Mexico 41,913 45,837 52,870 51,715 49,141 Alaska 3,801 6,496 7,984 9,305…
Reconciliation of Non-GAAP Financial Measures Historically, SEACOR charged its corporate costs and overhead charges to all of its operating divisions These charges have been excluded from Adjusted EBITDA to more accurately reflect Eras…
Quarterly Reconciliation of Non-GAAP Financial Measures Quarterly Historical EBITDA and Adjusted EBITDA Three Months Ended (USD in thousands) 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 31-Mar-15 Net Income (Loss) 4,374 5,196 4,311 3,140…
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