CHC Helicopter Fiscal 2015 First Quarter September 9, 2014 CHC Helicopter is the operating company of CHC Group Ltd. (NYSE: HELI) CHC Helicopter is the operating company of CHC Group Ltd. GO (NYSE: GO HELI) DO FURTHER.…
Presenters Bill Amelio President and Chief Executive Officer Joan Hooper Chief Financial Officer Port Harcourt, Nigeria Aberdeen, Scotland Rio de Janeiro, Brazil Perth, Australia GO FURTHER. DO MORE. COME HOME SAFELY. Page…
Safety: Maintaining Leading Performance Accident-Rate Benchmarking CHCs five-year rolling average as of August 1st 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…
CHC Value Drivers 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 - only…
Consolidated Results Q1 FY2015 Q1 FY 2015 results in line with expectations Revenue up 11% driven by: Growth from new contracts in Helicopter Services and Heli-One segments EBITDAR up 1% Improved margin from new contracts in both…
Heli-One and Helicopter Services Segment (HS) Realignment Changed the way revenue and costs are recognized between Heli-One and Helicopter Services Reporting change follows change in how segments are now managed Heightens…
Helicopter Services Revenue up 9% 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 EBITDAR increased by 1% due to: New contracts…
Heli-One Increased Q1 FY2015 third party revenue driven by new PBH contracts and MRO work New third party MRO work Higher external PBH revenue from third party customers from new contracts EBITDAR up 26% driven by increase in margin…
Free Cash Flow, Liquidity & Leverage 34 million improvement in free cash flow(1) driven by: Lower interest expense Improvement in working capital with reduction in DSO by 2 days compared to previous year Net expansionary capex was…
CHC: Committed to Financial Priorities Reduce leverage, grow incremental cash flow Strengthen Balance Sheet Maintain disciplined capital allocation Disciplined Growth Grow stable revenues backed by long-term contracts Expand…
APPENDIX GO FURTHER. DO MORE. COME HOME SAFELY. Page 12
Free Cash Flow Free Cash Flow (US Million) FY14-Q1 FY15-Q1 VAR Cash flow from operating activities before changes in working capital (17) (16) 1 Changes in operating assets and liabilities (27) (15) 12 Cash provided by operating…
EBITDAR: Reconciliation to GAAP measures EBITDAR - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended 31-Jul-13 31-Jul-14 Helicopter Services 126,067 126,801 Heli-One 4,196…
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 July 31, 2013 July 31, 2014 Adjusted EBITDAR…
Adjusted Net Loss: Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended July 31, 2013 July 31, 2014 Adjusted EBITDAR excluding special items 111,379 112,097 Helicopter lease and…
EBITDAR: Reconciliation to GAAP measures EBITDAR - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Preliminary and Unaudited) Three months ended July 31, 2013 October 31, 2013 January 31, 2014 April 30,…
EBITDAR: Reconciliation to GAAP measures EBITDAR - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Preliminary and Unaudited) Year ended April 30, 2013 April 30, 2014 Helicopter Services 546,827 513,991…
Adjusted Net Debt Reconciliation Adjusted Net Debt At April 30, 2014 At July 31, 2014 (US Million) Long-term debt 1,546 1,481 Current portion of long-term debt 4 4 Discount on notes 12 11 Premium on notes (2) (1) Less: Cash on…
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 42 in Fleet 37 in Fleet 37 in Fleet Medium AW139 S76 Series Other 2…
Additional Fleet Detail July 31, 2014 Cruise Speed Appr. Range (nm) Max Weight Helicopter Model Count Passengers (kts) full pax 1 (lbs) Sikorsky S92A 42 145 400 19 26,500 Airbus EC225 37 145 400 19 24,250 Heavy Airbus AS332L,…
Helicopter Services Regional Revenue break-down FY14-Q1 vs. FY15-Q1 Third Party Revenue US millions FY14-Q1 FY15-Q1 YoY % Eastern North Sea 95 102 8 Western North Sea 101 118 18 Americas 59 73 24 Asia Pacific 86 80 (6) Africa…
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…
Heli-One and Helicopter Services Restatements GO FURTHER. DO MORE. COME HOME SAFELY. Page 26
FY 2013 and FY 2014 Restated Preliminary and Unaudited Heli-One (US millions) FY 2013 FY 2014 Original Restated Change Original Restated Change Internal 286.7 133.7 (153.0) 278.9 159.9 (119.0) External 140.4 140.4 0 147.3 147.3 0…
Quarterly FY 2014 Restated Preliminary and Unaudited Q1 FY2014 Q2 FY2014 Q3 FY2014 Q4 FY2014 Heli-One (US millions) Original Restated Change Original Restated Change Original Restated Change Original Restated Change Internal 69.7 37.2…
Glossary of Terms Adjusted EBITDAR = earnings before interest, taxes, depreciation, amortization, helicopter lease and associated costs, asset impairments, gain (loss) on disposal of assets, foreign exchange gain (loss) and other…
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