CHC Helicopter Fiscal 2015 Third Quarter March 17, 2015 EC225, Brazil CHC Helicopter is the operating company of CHC Group Ltd. (NYSE: HELI) GO GO FURTHER.DO FURTHER. DO MORE. MORE. COME COMEHOME HOMESAFELY. SAFELY. Page 1
Presenter Karl Fessenden President, CEO Aberdeen, Aberdeen,Scotland Scotland Joan Hooper Chief Financial Officer Rio de Janeiro, Brazil Perth, Australia GO FURTHER. DO MORE. COME HOME SAFELY. Page 2
Safety: Maintaining Leading Performance Accident-Rate Benchmarking CHCs five-year rolling average as of Feb. 1 is 0.38 accidents/100,000 flight hours 2 Number of accidents/100K flight hours 1.8 1.8 1.6 1.4 1.2 1 0.8 0.8…
CHC Safety & Quality Summit Vancouver, BC Premier global industry safety summit Held annually since 2005 Attended by customers, manufacturers, competitors, regulators, other helicopter operators Significant contributor to…
Market Overview Current oil and gas downturn Industry Realities O&G companies continue to reduce capex and opex spending Impacts demand for offshore helicopter services and MRO Projects are delayed or cancelled - especially in…
Navigating Current Market Environment Enhance competitiveness, position CHC to capitalize on growth opportunities when market conditions improve Scrutinizing all corporate and regional spending Cost Align with customer demand Lower…
Strengthened Balance Sheet Received final net proceeds of 463 million from Clayton, Dubilier & Rice (CDR) Part of proceeds used to: Redeem 105 million of Unsecured Notes Redeem additional 130 million of Secured and Unsecured Notes…
Consolidated Results Revenue declined 9 percent, down approximately 2 percent excluding the impact of currency EBITDAR(2) down 3 percent, up modestly excluding the impact of currency Non-cash goodwill impairment of 404 million, or…
Helicopter Services (HS) Revenue down 10 percent, down 4 percent excluding the impact of currency Decline also driven by lower reimbursable revenue as a result of the decline in fuel prices EBITDAR dollars flat on a 330 basis point…
Heli-One Third-party revenue increased 9 percent Increases in both power by the hour and maintenance repair and overhaul activity EBITDAR declined 17 percent on relatively stable margins Improved margins from third-party customers…
Free Cash Flow Free Cash Flow(1) decline driven by: Increased realized losses from currency Changes in working capital Higher lease costs on higher value new technology aircraft Higher net expansionary capex due to increase in mix of…
Key Takeaways 1. Continuously Committed to Enhance Safety 2. Optimistic about Long-Term Demand 3. Persistent Focus on Cost and Capital Efficiency Enhance Competitiveness 4. Financial Priorities Unchanged: Balanced Growth…
APPENDIX GO FURTHER. DO MORE. COME HOME SAFELY. Page 14
Free Cash Flow Free Cash flow (US Million) FY14 YTD FY15 YTD VAR Cash flow from operating activities before changes in working capital (9) (44) (35) Changes in operating assets and liabilities 30 (1) (31) Cash flow used in operating…
EBITDAR: Reconciliation to GAAP measures EBITDAR - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended Nine months ended January 31, 2014 January 31, 2015 January 31, 2014 January…
EBITDAR and Net Income: Non-GAAP Reconciliation EBITDAR excluding special items - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended Nine months ended January 31, 2014 January 31,…
Adjusted Net Loss: Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended Nine months ended January 31, 2014 January 31, 2015 January 31, 2014 January 31, 2015 Adjusted EBITDAR…
Adjusted Net Debt Reconciliation Adjusted Net Debt At October 31, 2014 At January 31, 2015 (US Million) Long-term debt 1,373 1,236 Current portion of long-term debt 109 6 Discount on notes 11 9 Premium on notes (1) (1) Less: Cash…
Leading Operator of Heavy and Medium Aircraft Heavy S92 EC225 AS332L, L1, L2 2 pilots; 19 passengers 2 pilots; 19 passengers 2 pilots; 17-19 passengers 45 in Fleet 40 in Fleet 36 in Fleet Medium AW139 S76 Series Other 2…
Additional Fleet Detail January 31, 2015 Cruise Speed Appr. Range (nm) Max Weight Helicopter Model Count Passengers (kts) full pax 1 (lbs) Sikorsky S92A 45 145 400 19 26,500 Airbus EC225 40 145 400 19 24,250 Heavy Airbus…
Expand in High Growth Markets: Strategically Positioned Fleet Global footprint servicing offshore oil and gas markets optimally positioned for growth Eastern North Sea Western North Sea 35 39 Africa Euro Asia Southeast Asia…
Helicopter Services Regional Revenue break-down FY14-Q3 vs. FY15-Q3 Third Party Revenue US millions FY14-Q3 FY15-Q3 YoY % FY14-YTD FY15-YTD YoY % Eastern North Sea 95 76 (20)% 286 270 (6)% Western North Sea 108 99 (8)% 311 329 6%…
P&L Structure Reported Revenue Direct Costs, G&A Operating EBITDAR Revenue(1) Helicopter Heli-One D&A Lease costs Services Other(2) Interest(3) Tax 3rd HE Internal HE Rate party Count Net Income Helicopter Services…
Free Cash Flow Drivers Aircraft Spend: Lease payments (deposits + payments at aircraft Net Expansionary delivery + gross lease buyouts of Interest Working Capital existing aircraft less aircraft Capex financing proceeds) + Growth…
EPS Calculations for Convertible Preferred Shares Generally Accepted Accounting Principles: Convertible Preferred Shares EPS after issuance of Convertible Preferred Shares: When in a net loss position: report GAAP and adjusted EPS…
Dividend Calculation for Convertible Preferred Shares Paid on March 15, June 15, September 15, and December 15 of each year Dividend Rate: 8.5% per annum Dividend accrues and accumulates on a daily basis Compounds quarterly on each…
Glossary of Terms Adjusted EBITDAR = earnings before interest, taxes, depreciation, amortization, helicopter lease and associated costs, asset impairments, gain (loss) on disposal of assets, restructuring expense, foreign exchange gain…
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