CHC Helicopter Fiscal 2013 First-Quarter Earnings Presentation September 6, 2012 WE MOVE THE INDUSTRY THAT MOVES THE WORLD Page 1
Presenters Bill Amelio, CEO Joan Hooper, CFO Shirley Zhou, Director Investor Relations WE MOVE THE INDUSTRY THAT MOVES THE WORLD Page 2
Q1: Key Takeaways Industry spending healthy, growing Our transformation continues apace Customers very receptive to change Path is right one, wont be straight line Winning in established and new places Strongest Q1 growth in…
Safety: Maintaining Leading Performance Accident-Rate Benchmarking CHCs five-year rolling average through Aug. 31 is 0.23 accidents/100,000 flight hours 2.0 1.8 Number of accidents/100K flight hours 1.8 1.6 1.4 1.2 1.0…
Deepwater Discovery: Significant, Continuing More than 190 Discoveries, 2009 March 2012 1 20 3 2 4 27 2 1 3 3 4 13 8 9 1 25 36 24 3 Source: PFC Energy Global Deepwater Competition Service Note: Discovery count…
CHC Purpose: Who, What, Why We Are Providing unmatched helicopter services that enable customers to go further, do more and come home safely. WE MOVE THE INDUSTRY THAT MOVES THE WORLD Page 7
Q1: Helicopter Services Highlights First-quarter wins w/long-term revenue US1.5B Among Q1 wins, tenders: Norway: Three Statoil contracts, eight aircraft, into 2020 U.K.: Shell, three S92As, 36 months from June Brazil: Petrobras,…
Q1: Heli-One Highlights COMMERCIAL NATO Agency: Three-year EC AS532 MRO win Bundezpolizei: G checks, upgrades of three AS332Ls U.K.: MoD contract for 56 Makila engines, 13 years FACILITIES Ongoing improvement from new 6S Lean…
CHC Consolidated FY2013 Q1 Revenue 416 million, up 2% Increased 8% when normalized for FX EBITDAR* 101M, up 1% CHC FY12-Q1 to FY13-Q1 Increase in Heli-Services, decrease in Heli-One US Million 410 416 EBITDA* 52M, down 12%…
Helicopter Services FY2013 Q1 Helicopter Services FY13-Q1 FY12-Q1 VAR % VAR (US Million) Third Party Revenue 389.9 373.3 16.6 4% Direct Costs (289.1) (279.5) (9.7) -3% EBITDAR* 102.6 95.7 6.9 7% EBITDAR Margin 26% 26% 1%…
Heli-One FY2013 Q1 Heli-One FY13-Q1 FY12-Q1 VAR % VAR (US Million) Third Party Revenue 24.5 34.9 (10.3) -30% Inter-Segment Revenue 68.5 67.5 1.0 1% Total Revenue 93.0 102.4 (9.4) -9% Direct Costs (79.3) (81.4) 2.0 2% EBITDAR*…
Corporate & Other FY2013 Q1 Corporate & Other FY13-Q1 FY12-Q1 VAR % VAR (US Million) Third Party Revenue 1.6 1.5 0.2 10% Direct Costs 1.5 (4.1) 5.6 n/a General and Administrative (18.5) (14.0) (4.5) -32% Total Corporate and Other…
Free Cash Flow FY2013 Q1 Free Cash Flow FY13-Q1 FY12-Q1 VAR (US Million) Cash Flow from Operating Activities before changes in Working Capital 8.7 2.9 5.8 Changes in working capital (54.6) (66.9) 12.3 Cash Flow from Operating…
Debt and Liquidity Position Net Debt at July 31, 2012 = 1.316B 1.247B at April 30, 2012 Net Debt to EBITDA ratio at July 31, 2012 = 5.6x Trailing twelve-month EBITDA was 237M Liquidity Position at July 31, 2012 = 202M Cash and…
Q&A WE MOVE THE INDUSTRY THAT MOVES THE WORLD Page 16
Q1: Key Takeaways Industry spending healthy, growing Our transformation continues apace Customers very receptive to change Path is right one, wont be straight line Winning in established and new places Strongest Q1 growth in…
APPENDIX WE MOVE THE INDUSTRY THAT MOVES THE WORLD Page 18
EBITDAR/EBITDA: Reconciliation to GAAP measures EBITDA - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) For the three months ended July 31, 2012 2011 Helicopter Services 102,623 95,688 MRO 13,664 21,014…
Net Debt Reconciliation NET DEBT At July 31, 2012 At Apr 30, 2012 (US MM) Long-term debt 1,342 1,269 Current portion of long-term debt 15 18 Discount on notes 16 16 Less: Cash on Balance Sheet -57 -56 Net Debt 1,316 1,247 WE…
Thank you Copyright 2011 CHC Helicopter WE MOVE THE INDUSTRY THAT MOVES THE WORLD Page 22
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