CHC Helicopter Fiscal 2014 Fourth Quarter July 10, 2014 GO CHC Helicopter is the operating company of CHC Group Ltd.GO FURTHER. FURTHER. (NYSE: DO MORE. HELI) DO MORE. COME COMEHOME HOMESAFELY. SAFELY. Page 1
Presenters Bill Amelio President and Chief Executive Officer Joan Hooper Chief Financial Officer Port Harcourt, Nigeria Aberdeen, Scotland Agenda Safety Business Update FY14 Results & Guidance Q&A Rio de Janeiro, Brazil…
Safety: Maintaining Leading Performance Accident-Rate Benchmarking CHCs five-year rolling average as of May 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…
Safety Priorities: Joint Operating Review 1. Standardizing customer requirements, as possible 2. Sharing safety information rapidly, regularly 3. Enhancing performance monitoring, use of CRM 4. Giving operators, pilots voice in A/C…
Financial Priorities Reduce leverage Strengthen Maintain disciplined capital allocation Balance Sheet Grow incremental cash flow Grow stable revenue, backed by LT contracts Expand EBITDAR Employ new technology aircraft and…
Value Creation Framework Disciplined growth that optimizes profitability and free cash flow Focused on high-return growth opportunities Judicious investment in aircraft Optimize all cash-flow levers FY 2015 free cash flow…
Summary Guidance: Fiscal 2015, Long-Term Fiscal 2015 Mid to high single-digit growth in revenue High single- to low double-digit increase in EBITDAR Long term guidance Accelerate free cash flow positive by one year to FY17 Revenue…
Consolidated Results FY 2014 FY 2014 results in line with guidance Revenue up 1% driven by: Higher return contracts in Helicopter Services, new PBH and MRO work in Heli-One EBITDAR down 3% Impacted by worldwide suspension of…
Free Cash Flow, Liquidity & Leverage 22 million improvement in free cash flow(1) Liquidity up 291 million driven by net proceeds from IPO(2) ( in millions) FY13 FY14 Change Free Cash Flow(1) (151) (128) 22 Cash and Equivalents 124…
Disciplined Growth FY 2015 Revenue Targets FY 2015 revenue growth: Consolidated: mid to high single digit Helicopter Services: mid single digit Heli-One: mid-teen to low 20% Healthy industry Fleet expansion with new Grow fleet in…
Expand EBITDAR and Margin FY 2015 Target FY 15 growth in EBITDAR: high single to low double digits Increase mix of new Re-price legacy contracts to Benefits of transformation technology aircraft market rates initiatives…
FY 2015 Financial Outlook - Recap (in millions except YoY % growth) Total revenue growth Mid to high single digit Helicopter Services revenue growth Mid single digit Heli-One revenue growth Mid-teen to low-20% EBITDAR growth High…
Long Term Financial Targets FY 2015 to FY 2018 Expansion in high growth markets Nigeria, Brazil, Canada Disciplined Continued shift in aircraft mix towards high technology aircraft Growth HE rate CAGR: high single digit HE count…
Long Term Financial Targets: Strengthen Balance Sheet Generate positive free cash flow one year ahead of initial expectations Operating Cash Investing Cash Flow improvement Flow improvement Lease terms Capital allocation Growth…
Financial Priorities Strengthen Balance Sheet Expand EBITDAR and Margin Achieve Disciplined Growth GO FURTHER. DO MORE. COME HOME SAFELY. Page 17
APPENDIX GO FURTHER. DO MORE. COME HOME SAFELY. Page 18
Key Investment Highlights 1 Significant growth opportunities, supported by strong industry fundamentals Attractive end-markets driven by increased deepwater O&G exploration and production Recurring revenue from an essential service…
Helicopter Services Full year revenue up 1% driven by new, higher return contracts in the North Sea Partially offset by declines in Asia Pacific and Americas as lower return contracts rolled off Revenue impacted by EC225 suspension in…
Heli-One Higher fiscal 2014 operating revenue driven by new PBH contracts and MRO work Decline in EBITDAR due to: Costs incurred to return EC225 fleet to service Increased maintenance costs to improve aircraft availability…
Free Cash Flow Free Cash Flow FY13 FY14 VAR (US Million) Cash flow from operating activities before changes in working capital 49 10 (39) Changes in operating assets and liabilities (47) 3 50 Cash provided by operating activities 1 12…
EBITDAR: Reconciliation to GAAP measures EBITDAR - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended Year ended April 30, 2013 April 30, 2014 April 30, 2013 April 30, 2014…
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 Year ended April 30, 2013 April 30, 2014 April…
Adjusted Net Loss: Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended Year ended April 30, 2013 April 30, 2014 April 30, 2013 April 30, 2014 Adjusted EBITDAR excluding special…
Adjusted Net Debt Reconciliation Adjusted Net Debt At January 31, 2014 At April 30, 2014 (US Million) Long-term debt 1546 1546 Current portion of long-term debt 133 4 Deferred financing fees - net of fees 0 0 Discount on notes 14…
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 39 in Fleet 36 in Fleet 38 in Fleet Medium AW139 S76 Series Other 2…
Additional Fleet Detail Cruise Speed Appr. Range Max Weight Helicopter Model Owned Leased Count Passengers (kts) (nm) full pax 1 (lbs) Sikorsky S92A 1 39 39 145 400 19 26,500 Airbus EC225 2 34 36 145 400 19 24,250 Heavy…
Helicopter Services Regional Revenue break-down FY14 vs. FY13 Third Party Revenue US millions Q1 YoY % Q2 YoY % Q3 YoY % Q4 YoY % FY14 YoY % Eastern North Sea 95 11% 97 5% 95 0% 97 4% 383 5% Western North Sea 101 -2% 103 -1% 108…
Direct Costs FY 2013 vs. FY 2014 FY 2013 FY 2014 in US Millions Full Year Full Year Crew(1) (429) (429) Base ops and other costs (2) (366) (352) Maintenance(3) (232) (282) Support costs (4) (162) (169) Total (1,190) (1,232)…
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…
Glossary of Terms Adjusted EBITDAR = net earnings (loss) before interest, taxes, depreciation, amortization and helicopter lease and associated costs, restructuring costs, asset impairments, gain (loss) on disposal of assets and goodwill…
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