CHC Helicopter Fiscal 2015 Second Quarter December 10, 2014 EC225 and S92, Norway CHC Helicopter is the operating company of CHC Group Ltd. (NYSE: HELI) GO GO FURTHER.DO FURTHER. DO MORE. MORE. COME COMEHOME HOMESAFELY.…
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 Nov. 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…
HeliOffshore: Improving Offshore Industry Safety Focused only on collaborative offshore flight safety Initially in North Sea, but quickly worldwide Emerged from work of JOR, EHOC CHC founding member with Bond, Bristow, Era, PHI…
EC225 Update CHCs EC225 aircraft back in service for past year Majority of redesigned shafts already installed Remainder to be done by April 2015 GO FURTHER. DO MORE. COME HOME SAFELY. Page 7
Update: CD&R Investment, Board Changes CD&R purchasing total 600M in preferred shares Final closing expected by Dec. 15 Investment being used to strengthen balance sheet Three new directors: John Krenicki (chairman), Nate Sleeper,…
Q2 Operating Highlights Major contract wins including Total in North Sea Up to seven years flying to UKCS destinations Increasing capabilities in Heli-One MRO segment Completion of Airbus AS322L G-Check in Poland Modification of…
Positioning CHC to Thrive in All Conditions Transforming for effectiveness, efficiency Better aligning costs with market realities Further improving services to customers Remaining focused on long-term: Demand as O&G goes further…
Consolidated Results Revenue up 3% driven by: Growth in new contracts in both Helicopter Services and Heli-One segments EBITDAR up 14% Improved margins from contracts in Helicopter Services EC225 fleet fully available Reduction in…
Helicopter Services (HS) Revenue up 2% driven by contracts with improved margins in WNS, AEA, and Americas Partially offset by contract completions in Asia Pacific and Eastern North Sea EBITDAR increased by 15% due to: New contracts…
Heli-One Third-party revenue rose 16% driven by increased PBH and MRO work EBITDAR dollars essentially flat from lower internal revenue from HS due to timing of maintenance events Announced in Q2: Contract to provide maintenance…
Stronger Balance Sheet Drives Long Term Value Creation Issuance of 600 million Convertible Preferred Shares Strengthens Balance Sheet Accelerates plans to de-lever and reduce fixed charges Annualized benefit to cash flow of 50-60…
Free Cash Flow, Liquidity & Leverage Liquidity increases by 34 million, leverage drops to 5.4X Free Cash Flow decline(1) driven by: Increased lease costs on higher value new technology aircraft Higher net expansionary capex due to…
APPENDIX GO FURTHER. DO MORE. COME HOME SAFELY. Page 18
Free Cash Flow Free Cash flow (US Million) FY14 YTD FY15 YTD VAR Cash flow from operating activities before changes in working capital (16) (23) (8) Changes in operating assets and liabilities (4) (3) 1 Cash flow used in operating…
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…
EBITDAR: Reconciliation to GAAP measures EBITDAR - Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended Six months ended October 31, October 31, October 31, October 31, 2013 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 Six months ended October 31, 2013 October 31,…
Adjusted Net Loss: Non-GAAP Reconciliation (Expressed in thousands of United States dollars) (Unaudited) Three months ended Six months ended October 31, 2013 October 31, 2014 October 31, 2013 October 31, 2014 Adjusted EBITDAR…
Adjusted Net Debt Reconciliation Adjusted Net Debt At July 31, 2014 At October 31, 2014 (US Million) Long-term debt 1,481 1,373 Current portion of long-term debt 4 109 Discount on notes 11 11 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 44 in Fleet 38 in Fleet 37 in Fleet Medium AW139 S76 Series Other 2…
Additional Fleet Detail October 31, 2014 Cruise Speed Appr. Range (nm) Max Weight Helicopter Model Count Passengers (kts) full pax 1 (lbs) Sikorsky S92A 44 145 400 19 26,500 Airbus EC225 38 145 400 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 38 Africa Euro Asia Southeast Asia…
Helicopter Services Regional Revenue break-down FY14-Q2 vs. FY15-Q2 Third Party Revenue US millions FY14-Q2 FY15-Q2 YoY % FY14-YTD FY15-YTD YoY%YoY % Eastern North Sea 97 92 (5)% 192 194 1% Western North Sea 103 111 8% 204 230…
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…
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 = 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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