Howard Weil Energy Conference Bristow Group Inc. March 26, 2012
Forward-looking statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about our future business…
Bristow is the leading provider of helicopter transportation services to the global offshore industry Bristow flies crews and light cargo to production platforms, vessels and rigs 20 countries 550 aircraft 3,400 employees Ticker:…
Industry leading safety record creates marketing and cost advantage Safety is our primary core value 3-year average air * accident rates Bristows Bristow s Target Target Zero Zero program is now the 2.79 per 100K flight hours…
Bristows contract and operations structure results in a more predictable income with significant operating leverage Largest share of revenues (60%) relates to oil and gas production, ensuringg stability y and g growth Bristow…
Current market environment Global spending on E&P is expected to increase 10% to 600 billion in 2012 versus 544 billion in 2011; forecast to top 800 billion by 2015 The top 20 E&P spenders globally account for nearly 57% of total…
Our clients have sharply increased their focus on risk related to contractor capabilities, capabilities personnel and equipment What clients are saying Newer assets will be required Pursuing highest operational standard and will…
Bristows Client Promise is in response to this client focus: Creating value through differentiation Target Zero accidents, downtime and complaints programs deliver value to operators. More zero-accident flight hours than anyone,…
Understanding our unique investment thesis and commitment to our shareholders for the next 5 years Commitment: Investment: FY 2012 - 2016 FY 2012 - 2016 Our New Balanced and Unique Investment Thesis Prudent and Balance…
Although this years EPS did not meet our initial expectations, we have significant and growing operating cash flow We generated 68% more operating cash flow through Q3 FY12 compared to the same period last year Net cash provided by…
Understanding the capital structure/allocation changes as part of our unique investment Capex vs Balance use of operating cash flow + a/c sales with leases Leases for a/c purchases and other capex Leases used for initially no more…
Understanding Bristows unique, balanced investment thesis We will aim to provide a balanced return, but some years we will hit hit the gas gas depending on price signals Our Organic Growth Signal is provided Our Capital Return…
Todays y Key y Takeaways y Target Zero will Premier service provider with excellent secular expansion opportunities remain a top Growth to be executed with care and discipline priority Deepen client relationships with premium…
Contact Us Bristow B i t Group G Inc. I (NYSE: (NYSE BRS) 2103 City West Blvd., 4th Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 713 267 7620 bristowgroup.com/investorrelations 14
Appendix Appendix 15
Organizational Chart - as of December 31, 2011 Operated Aircraft Bristow owns and/or operates 364 aircraft as of December 31, 2011 Affiliated Aircraft Key Bristow affiliates and joint ventures operate 186 aircraft Corporate…
Aircraft Fleet Medium and Large As of December 31 31, 2011 Aircraft Medium capacity 12-16 passengers Type No. of PAX Engine Consl Unconsl Total Ordered Large Helicopters AS332L Super Puma 18 Twin Turbine 30 - 30 - AW189 16 Twin…
Aircraft Fleet Small, Training and Fixed As of December 31 31, 2011 (continued) Small capacity 4-7 passengers Training capacity 2-6 passengers Next Generation Aircraft Mature Aircraft Models LACE does not include held…
Consolidated Fleet Changes and Aircraft Sales for Q3 FY12 Aircraft held for sale by BU Fleet changes EBU WASBU AUSBU OIBU NABU Total L Large 3 - 3 - - 6 Medium 2 1 1 3 1 8 Q 1 FY12 Q 2 FY12 Q 3 FY12 YTD Small - 2 - - - 2 Fleet…
Order and options book as of December 31, 2011 ORDER BOOK* OPTIONS BOOK Helicopter Helicopter Class Delivery Date Location Contracted Class Delivery Date Location 1 Large March 2012 EBU 1 of 1 4 Medium June 2012 EBU 1 Large June…
Adjusted EBITDAR margin trend 1) Calculated by taking adjusted EBITDAR divided by operating revenue 2) Adjusted EBITDAR excludes special items and asset dispositions 21
Adjusted EBITDAR reconciliation ( in millions) Ma rch 31, 2006 2007 2008 2009 Income from continuing operations 54.5 72.5 107.7 125.5 Income tax expense 14.7 38.8 44.5 50.5 Interest expense 14.7 10.9 23.8 35.1 Gain on disposal of assets…
Operating margin trend Bristow Group Operating Margin Trend Actual 2008 2009 2010 2011 2012 As Reported Full Year Full Year Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 EBU 23.6% 19.3% 17.2% 16.7% 16.1% 18.1% 17.0% 18.0% 18.4% 19.6% 18.8%…
GAAP reconciliation Three Months Ended Nine Months Ended December 31, December 31, 2011 2010 2011 2010 (In thousands, except per share amounts) Adjusted EBITDA ...................................................................…
Special items reconciliation Three Months Ended December 31, 2010 Adjusted Diluted Adjusted Earnings Operating Adjusted Adjusted Per Income EBITDA Net Income Share (In thousands, except per share amounts) Power-by-the-hour credit…
Leverage Reconciliation Debt Investment Capital Leverage (a) (b) (c) = (a) + (b) (a) / (c) (in millions) As of December 31, 2011 832.8 1,523.5 2,356.3 35.3% Adjust for: Unfunded Pension Liability 97.2 97.2 NPV of Lease…
Contact Us Bristow B i t Group G Inc. I (NYSE: (NYSE BRS) 2103 City West Blvd., 4th Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com 27
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