Q2 2014 Earnings Call Agenda I. Introduction Chris Bradshaw, EVP and CFO II. Operational Highlights Sten Gustafson, Chief Executive Officer III. Financial Review Chris Bradshaw, EVP and CFO IV. Closing Remarks Sten Gustafson, Chief…
Non-GAAP Financial Measures Reconciliation This presentation includes EBITDA and Adjusted EBITDA as supplemental measures of the Companys operating performance. EBITDA is defined as Earnings before Interest (includes interest income,…
Operational Highlights 4
Q2 2014 Highlights Compared to Prior Year Quarter Record Q2 operating revenues of 86.6mm represent a 17% increase over the prior year quarter Total increase of 12.3mm primarily due to strong results from our U.S. Gulf of Mexico…
Oil and Gas Q2 operating revenues from oil and gas activities of 61.2mm 25% increase from Q2 2013 8% increase from Q1 2014 U.S. Gulf of Mexico operating revenues of 51.7mm 35% increase from Q2 2013 primarily due to the resumption of…
Other Service Lines Dry-leasing revenues of 11.5mm in Q2 2014 12% decrease from Q2 2013 due to fewer helicopters on dry-lease 5% increase from Q1 2014 Revenues from Aerleo and a customer in India continue to be recognized on a cash…
Helicopter Order and Options Book Remaining Amount Delivery Class Type Number Firm Cancellable Current Order Book 2014 Heavy AW189 3 35.8 2015 Heavy AW189 2 14.1 16.6 2015 Heavy S92 1 17.2 2016 Heavy AW189 3 51.0 2016 Heavy…
Monetization of Lake Palma Investment Lake Palma, S.L. (Lake Palma) was a joint venture owned 51% by Era and 49% by Fumigacion Aerea Andaluza S.A. (FAASA), a Spain-based firefighting operator Lake Palma owns seven A119 single engine…
Financial Review 10
Period Over Period Comparison Three Months Ended June 30, 2014 2013 Change % Variance (000s) Operating revenues 86,580 74,237 12,343 17% Operating expenses 54,679 46,945 7,734 (16%) G&A expenses 10,065 9,545 520 (5%) Depreciation…
Capitalization and Financial Policy June 30, 2014 (000s) Era continues to generate substantial free cash flow before growth capex Cash and cash equivalents 14,940 Flexibility to deploy capital for attractive Credit facility 55,000…
Net Asset Value 50 45 40 35 30 25 20 15 01/22/13 04/22/13 07/22/13 10/22/13 01/22/14 04/22/14 07/22/14 NAV per Share (excl. deferred taxes) Stock Price NAV per Share (net of deferred taxes) Book Value per Share…
Appendix 15
Fleet Overview Joint Average Owned Ventured Leased-In Managed Total Age(a) Heavy: EC225 9 9 4 Total Heavy 9 9 Medium: AW139 37 1 38 4 B212 9 9 36 B412 6 6 33 S76 A/A++ 2 2 24 S76 C+/C++ 5 1 6 7 Total Medium 59 1 1 61 Light…
NAV per Share Calculation (as of 6/30/2014) (in million, except share data) + FMV of Helicopters 950 + NBV of Other PP&E 134 + Working Capital 63 + Other Net Tangible Assets 49 - Long-term Debt (281) - Deferred Taxes (214) Net…
Operating Revenues by Line of Service Three Months Ended (000s) 30-Jun-14 31-Mar-14 31-Dec-13 30-Sep-13 30-Jun-13 (a) Oil and gas: U.S. Gulf of Mexico 51,715 49,141 45,435 40,503 38,443 Alaska 9,305 6,197 6,885 14,003 9,398…
Flight Hours by Line of Service Three Months Ended 30-Jun-14 31-Mar-14 31-Dec-13 30-Sep-13 30-Jun-13 (a) Oil and gas: U.S. Gulf of Mexico 11,065 9,447 10,304 10,003 9,676 Alaska 1,122 682 895 2,860 1,405 International 57 62 60…
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 to more accurately reflect Eras…
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