2nd Quarter 2013 Earnings Presentation August 14, 2013 0
2nd Quarter 2013 Earnings Call Agenda I. Introduction Chris Bradshaw, EVP and CFO II. Q2 Operational Highlights Sten Gustafson, Chief Executive Officer III. Financial Review Chris Bradshaw, EVP and CFO IV. Closing Remarks Sten…
NonGAAP Financial Measures Reconciliation This presentation includes EBITDA, Adjusted EBITDA and Adjusted EBITDAR as supplemental measures of Era Groups operating performance. EBITDA is defined as Earnings before Interest (includes…
Q2 Operational Highlights 4
Q2 2013 Highlights Strong operating performance in Q2 2013 reflected by record Q2 operating revenues of 74.2mm (18% increase from Q2 2012) Q2 net income attributable to Era Group Inc. of 5.1mm (39% increase from Q2 2012) Q2 2013 gains…
EC225 Helicopters Return to Service On October 22, 2012, following the second ditching of an EC225 in the North Sea, Era and the other large operators suspended operations of the EC225 globally We continue to earn revenues associated…
Oil and Gas Q2 operating revenues from oil and gas activities of 52.6mm (20% increase from Q2 2012) U.S. Gulf of Mexico operating revenues of 41.9mm (11% increase from Q2 2012) Increased deepwater activity led to more medium…
Other Service Lines Contract-leasing revenues of 13.1mm in Q2 2013 (39% increase from Q2 2012) Primarily due to the recognition of previously deferred revenues from Aeroleo and a customer in India Revenues from both of these customers…
Fleet Overview Joint Average Owned Ventured Leased-In Managed Total Age(a) Heavy: EC225 9 9 3 Total Heavy 9 9 3 Medium: AW139 34 1 35 4 Bell 212 11 11 34 Bell 412 6 6 32 S76 A/A++ 5 1 6 28 S76 C+/C++ 6 1 7 7 Total Medium 62 1…
Future Capital Commitments Remaining Amount Delivery Class Type Number Firm Cancellable Current Order Book 2013 Medium AW139 2 23.7 2014 Medium AW139 1 12.2 2014 Heavy AW189 3 31.7 15.9 2015 Heavy AW189 2 31.7 2016 Heavy…
Market Outlook Continued emphasis on offshore exploration and production services supported by expectations for sustained high commodity prices Capital and activity increasingly moving to deepwater with global spending in that market…
Era SAR Update Following our initial entry into this market in mid-2010, Era SAR has grown to become the premier and largest provider of SAR/Medevac services in the Gulf of Mexico Partnership with Priority 1 Air Rescue, where Era…
Financial Review 13
Period Over Period Comparison Three Months Ended June 30, 2013 2012 Change % Variance (000s) Operating revenues 74,237 62,985 11,252 18% Operating expenses 46,945 39,002 7,943 (20%) G&A expenses 9,545 7,195 2,350 (33%)…
Quarterly Adjusted EBITDAR Growth Given the seasonality in our business, the 2nd and 3rd quarters are generally stronger than the 1st and 4th quarters Longer days mean more potential flight hours Alaska flightseeing business runs from…
Net Asset Value 45 40 35 30 25 20 15 22-Jan 5-Feb 19-Feb 5-Mar 19-Mar 2-Apr 16-Apr 30-Apr 14-May 28-May 11-Jun 25-Jun 9-Jul 23-Jul 6-Aug NAV per Share (excl. deferred taxes) Stock Price NAV per Share (net of…
Capitalization and Financial Policy June 30, 2013 (000s) Actual June 30, 2013 balance sheet adjusted As Adjusted to reflect: Release of like-kind exchange escrow Cash and cash equivalents 28,320 deposits of 16.0 million to general…
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 and Adjusted EBITDAR to more…
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