Jefferies Global Energy Conference Bristow Group Inc. November 28-29, 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 services and is a unique investment in oil field services Bristow flies crews and light cargo to production platforms, vessels and rigs 20 countries 546 aircraft 3,400 employees…
Why Bristow Bristow is the largest of only two global helicopter providers Bristow is stable as we have long term contracts that serve mostly production Bristow is growing with demand not dependent on economic or commodity cycles…
TARGET ZERO, our industry leading safety program, creates differentiation and client loyalty Safety is our primary core value Bristows Target Zero program is now the leading example emulated industry-wide Safety Performance accounts…
Our value proposition is based on three principles: secular growth, growth financial safety safety, and balanced return Investment: FY 2012 - 2016 Long term value for our shareholders 2. Prudent Balance Sheet management with…
1. Bristow services are utilized in every phase of offshore oil and gas activity activity, especially production Largest share of revenues (60%) relates to Typical revenues by segment oil and gas production, providing stability and…
Bristows contract structure generates predictable cashflow: Significant operating leverage Two tiered contract structure includes both: Fixed or monthlyy standing g charge g to reserve helicopter p capacity Variable fees based on…
Bristows contract structure generates predictable cashflow: AS332L/EC225 Super Puma Fleet Update Operational Update: On October 25, 2012, the UK CAA issued a Safety Directive, requiring operators to suspend operations of certain…
We continue to renew and add new multi-year contracts for large aircraft with improved rates Lider (Petrobras) 4 X LARGE OIBU Lider (Petrobras) 1 X LARGE BRS LEASED TO LIDER AUSBU INPEX 6 X LARGE WITH AN OPTION TO ADD A LONG TERM…
The market outlook continues to improve in FY13 and FY14 The overall market both in terms of tender activity and pricing is improving Overall activity North Sea tender activity remains at historic levels above pre- Aircraft supply…
2. Bristow enjoys the strongest balance sheet in our industry with ample liquidity, liquidity cash flow and asset value Prudent Adjusted Debt/Capital Ratio less than 45% with a BBB- Balance rating from Standard & Poors Poor s for…
Our focus on returns has yielded much higher operating cash flow generation . . . Net cash provided by operating activities 250 Full fiscal year y 231 YTD (from Apr 1 to Sep 30) 200 195 151 in millions 150 128…
. . . leading to a robust cash and liquidity position 600 Total Liquidity 508 500 402 400 in millions 348 300 261 262 200 178 116 78 100 144 144 140 159 159 100 FY10 FY11 FY12 YTD FY13 Undrawn…
3. Bristow has a proven commitment to a balanced return for our shareholders as demonstrated in the past year FY12 quarterly dividend initiated at 0 0.15/share 15/share Regular Dividend increased by 33% to 0.20/share in Dividend…
Bristows asset values are resilient and serves as guideposts for buying back our shares BV and FMV p per Share () 51.4 51 50.8 46 43.2 41 S O N D J F M A M J J A S 36 Bo o k val ue of e qu ity p er sh a re FMV o f ass ets p…
Financial highlights: FY13 guidance reaffirmed EPS guidance range of 3.25 - 3.55, excluding aircraft sales and special items. We anticipate a better overall second half of FY13 compared to the first half LACE (Large AirCraft…
Conclusions Continued improvement in revenue generation through new contract awards across all business units Stronger year-over-year EBITDAR and BVA margins show strength of business model and commercial leadership Unmatched…
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 19
Appendix 20
Organizational Chart - as of September 30, 2012 Operated Aircraft Bristow owned and/or operated 349 aircraft as of September 30, 2012 Affiliated Aircraft Key Bristow affiliates and joint ventures operated 197 aircraft…
Aircraft Fleet Medium and Large As of September 3030, 2012 Aircraft Type No. of PAX Engine Consl Unconsl Total Ordered* Large Helicopters AS332L Super Puma 18 Twin Turbine 19 - 19 - Medium capacity 12-16 passengers AW189 16 Twin…
Aircraft Fleet Small, Training and Fixed As of September 30, 30 2012 (continued) Aircraft Type No. of PAX Engine Consl Unconsl Total Ordered Small Helicopters Bell 206B 4 Turbine 1 2 3 - Bell 206 L-3 6 Turbine 4 6 10 - Small…
Operating lease strategy: lowering the cost and amount of capital needed to grow Leased aircraft as of September 30, 2012 Small Medium Large Total Leased LACE Total LACE % Leased EBU - - 7 7 7 45 16% WASBU - 1 - 1 1 22 2% NABU 1…
Consolidated fleet changes and aircraft sales for Q2 FY13 Fleet changes Held for sale aircraft in consolidated fleet Q 1 FY13 Q 2 FY13 YTD Small Medium Large Total Fl t Count Fleet C t Beginning B i i 361 357 361 Delivered - EBU…
Operating revenue, LACE and LACE rate by BU Operating Revenue, LACE, and LACE Rate by BU YTD FY13 Op revenue* LACE LACE Rate* EBU 248 45 11.03 WASBU 132 22 12.24 NABU 109 31 7.11 AUSBU 77 17 9 29 9.29 IBU 65 28 4.62 Total…
Order and options book as of November 7, 2012 ORDER BOOK* OPTIONS BOOK Helicopter Helicopter Class Delivery Date Location Contracted Class Delivery Date 5 Large December 2012 EBU 5 of 5 1 Large June 2014 2 Large March 2013 EBU 2 of 2…
Adjusted EBITDAR margin* trend 2010 2011 Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year EBU 31.2% 31.7% 31.9% 28.0% 30.8% 29.8% 31.5% 34.6% 34.4% 32.7% WASBU 31.7% 36.8% 33.7% 39.1% 36.0% 33.7% 36.9% 35.8% 34.3% 35.2% NABU 18.3% 20.0%…
Bristow Value Added (BVA) Sample calculation for Q2 FY13 and Q2 FY12 Bristow Value Added = Gross Cash Flow (Gross Operating Assets X Capital Charge) BVA = GCF - ( GOA X 10.5%** ) Bristow Value Added calculation for Q2 FY13…
Gross Cash Flow Presentation (in millions) Gross Cash Flow Reconciliation FY12Q2 Q FY13Q2 Q Net Income 3 30 Depreciation and Amortization 25 23 Interest Expense 9 9 Interest Income (0) (0) Rent 9 15 Other Income/expensenet (1)…
Gross Operating Asset Presentation (i n mi l l i ons) Adjusted Gross Operating Assets Reconciliation Q2 FY12 Q2 FY13 Total Assets 2,700 2,785 Accumulated Depreciation 465 464 Capitalized Operating Leases 129 225 Cash and Cash…
GAAP reconciliation Three Months Ended Six Months Ended September 30, September 30, 2012 2011 2012 2011 (I th (In thousands) d ) Adjusted operating income ....................................................... 46,274 38,493…
Leverage Reconciliation Debt Investment Capital Leverage (a) (b) (c) = (a) + (b) (a) / (c) (in millions) As of September 30, 2012 734.7 1,580.2 2,314.9 31.7% Adjust for: Unfunded Pension Liability y 112.2 112.2 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 36
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