CHC Helicopter Fiscal 2014 Second Quarter Earnings Presentation December 12, 2013 GO FURTHER. DO MORE. COME HOME SAFELY. Page 1
Presenters Bill Amelio, President & CEO Joan Hooper, CFO Pepe U-nanupap, Senior Manager, Treasury GO FURTHER. DO MORE. COME HOME SAFELY. Page 2
Industry Joint Operating Review: Work Streams Automation in the simulator, in the cockpit Monitoring FDM, CRM, threat/error training Stabilized approaches applied to helicopter flight Sharing safety information regularly, rapidly…
Safety: Maintaining Leading Performance Accident-Rate Benchmarking CHCs five-year rolling average as of Nov. 1 is 0.37 accidents/100,000 flight hours 2 1.8 Number of accidents/100K flight hours 1.8 1.6 1.4 1.2 1 0.8 0.8…
CHC Safety & Quality Summit: Brazil Reiterated safety as industry imperative Was first industry S&Q Summit outside Vancouver Illustrated strategic importance of Brazilian industry Attracted 120 customers, regulators, others GO…
Q2: Key Takeaways Q2 results affected by EC225 matter Have resumed EC225 comml operations Recently extended major Statoil contract Secured regulatory approvals in Africa Invested in MRO marketing, sales Set up well for long-term…
CHC Consolidated FY2014 Q2 Revenue of 443M, down 1% CHC FY13-Q2 to FY14-Q2 EBITDAR(i) of 109M, down 17M or 13% 447 443 Decline in both Helicopter Services and Heli-One Adjusted EBITDAR margin(ii) of 27% Net loss of 49M, adjusted…
Helicopter Services FY2014 Q2 Helicopter Services FY13-Q2 FY14-Q2 VAR % VAR (US Million) Operating Revenue 363.3 367.9 4.6 1% Reimbursable Revenue 41.0 40.2 (0.9) -2% Total Revenue 404.3 408.1 3.8 1% Direct Costs (289.5) (298.0) (8.5)…
Heli-One FY2014 Q2 Heli-One FY13-Q2 FY14-Q2 VAR % VAR (US Million) Third Party Revenue 42.5 35.3 (7.2) -17% Inter-Segment Revenue 78.4 68.8 (9.6) -12% Total Revenue 120.9 104.1 (16.8) -14% Direct Costs (91.8) (88.1) 3.6 4%…
Corporate FY2014 Q2 Corporate & Other FY13-Q2 FY14-Q2 VAR % VAR (US Million) General and Administrative (18.9) (19.1) (0.2) -1% Total Corporate Costs* (18.9) (19.1) (0.2) -1% *Total Corporate costs is the EBITDAR of Corporate…
Financial Performance FY2014 YTD Revenue of 858M, down 1% EBITDAR(i) of 221M, down 3% CHC FY13 YTD to FY14 YTD (USD Million) Heli-Services up 19M, Heli-One down 25M 863 858 Adjusted EBITDAR margin(ii) of 28% Net loss of 84M,…
Free Cash Flow FY2014-Q2 YTD Free Cash Flow (US Million) FY13-Q2 YTD FY14-Q2 YTD VAR Cash flow from operating activities before changes in working capital 31.7 (16.0) (47.7) Changes in operating assets and liabilities (55.5) (7.8) 47.7…
Debt and Liquidity Position Adjusted Net Debt(i) at October, 2013 = 2.65B 2.3B at October 31, 2012 Adjusted Net Debt(i) to EBITDAR(ii) ratio at October 31= 5.5x Trailing 12 month EBITDAR(ii) was 478M Liquidity Position at October…
Q&A GO FURTHER. DO MORE. COME HOME SAFELY. Page 16
Q2: Key Takeaways Q2 results affected by EC225 matter Have resumed EC225 comml operations Recently extended major Statoil contract Secured regulatory approvals in Africa Invested in MRO marketing, sales Set up well for long-term…
APPENDIX GO FURTHER. DO MORE. COME HOME SAFELY. Page 18
EBITDAR/EBITDA: Reconciliation to GAAP measures EBITDAR/EBITDA - Non-GAAP Reconciliation (Unaudited and Expressed in thousands of United States dollars) For the three months ended October 31, For the six months ended October 31,…
Adjusted EBITDAR Margin Consolidated Statement of Earnings (Unaudited and Expressed in thousands of United States dollars) For the three months ended October 31, For the six months ended October 31 2012 2013 2012 2013 Operating…
Constant Currency % Increase % Increase (Decrease) (US Million) FY13 YTD FY14 YTD (Decrease) in Constant Currency (i) Revenue 863 858 -1% -1% (i) We compare the percent change in the results from one period to another period using…
Adjusted Net Income (Loss) Adjusted Net Income (Loss) FY13-Q2 FY14-Q2 FY13 YTD FY14 YTD (US Thousand) Adjusted net income (loss) 7,599 (26,598) (3,991) (55,325) Asset impairments (9,846) (14,575) (16,347) (21,899) Loss on disposal…
Adjusted Net Debt Reconciliation Adjusted Net Debt At October 31, 2012 At October 31, 2013 (US Million) Long-term debt 1,402 1,647 Current portion of long-term debt 14 19 Deferred financing fees - net of fees 0 0 Discount on notes…
Adjusted Free Cash Flow Reconciliation Adjusted Free Cash Flow FY13 YTD FY14 YTD (US Million) Adjusted Free Cash Flow (99,237) (185,107) Sold interest in accounts receivable, net of collections (8,917) 10,349 Effect of exchange…
Thank you Copyright 2013 CHC Helicopter GO FURTHER. DO MORE. COME HOME SAFELY. Page 26
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