Chorus Aviation Inc. · TSX:CHR

Chorus Aviation — Jazz Air Income Fund — Shareholder Meeting (May 2010)

33 slides from Chorus Aviation's shareholder meeting presentation, May 13, 2010

  1. Slide 1: Jazz Air Income Fund Annual Meeting of Unitholders

    Jazz Air Income Fund Annual Meeting of Unitholders May 13, 2010 | Vancouver, British Columbia flyjazz.ca

  2. Slide 2: Richard McCoy, Chairman and Trustee

    Jazz Air Income Fund Annual Meeting of Unitholders Richard McCoy Chairman and Trustee flyjazz.ca

  3. Slide 3: Joseph D. Randell, President and CEO

    Jazz Air Income Fund Annual Meeting of Unitholders Joseph D. Randell President and Chief Executive Officer flyjazz.ca

  4. Slide 4: Barbara Snowdon, General Counsel and Corporate Secretary

    Jazz Air Income Fund Annual Meeting of Unitholders Barbara Snowdon General Counsel and Corporate Secretary flyjazz.ca

  5. Slide 5: Allan Rowe, Chief Financial Officer

    Jazz Air Income Fund Annual Meeting of Unitholders Allan Rowe Chief Financial Officer flyjazz.ca

  6. Slide 6: Jazz Air Income Fund Annual Meeting of Unitholders

    Jazz Air Income Fund Annual Meeting of Unitholders May 13, 2010 | Vancouver, British Columbia flyjazz.ca

  7. Slide 7: Disclaimer

    Disclaimer CAUTION REGARDING FORWARD-LOOKING INFORMATION Certain statements in this presentation may contain statements which are forward-looking statements. These forward- looking statements are identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect

  8. Slide 8: Agenda

    Agenda  2009 Performance Overview Business Development Initiatives Q1-2010 and Beyond flyjazz.ca

  9. Slide 9: Strong Operational Performance

    Strong Operational Performance 86.0% 99.2% On-time Flight Performance Completion flyjazz.ca

  10. Slide 10: A leader in operational performance

    A leader in operational performance Year 2009 – arrivals within 15 minutes 84.0% 77.3% 78.6% flyjazz.ca

  11. Slide 11: Jazz OTP versus US carriers

    Jazz OTP versus US carriers Year 2009 – arrivals within 15 minutes Rank Carrier 2009 OTP Rank Carrier 2009 OTP 1 Hawaiian 91.76% 11 Expressjet 78.22% 2 Jazz 84.00% 12 Continental 77.91% 3 Southwest 82.47% 13 Delta 77.84% 4 Alaska 82.38% 14 Jetblue 77.20% 5 SkyWest 81.70% 15 American Eagle 76.53% 6 F

  12. Slide 12: Strong financial results

    Strong financial results Jazz Air Income Fund Year ended December 31, 2009 ($ million) Year end 2009 Operating Revenue 1,473.9 Performance Incentives 19.0 Distributable Cash 139.3 EBITDA 159.0 Net Income 92.6 flyjazz.ca

  13. Slide 13: CPA with Air Canada

    CPA with Air Canada  Re-negotiated rates for controllable costs  Period of 2009 to 2011  Achievable cost levels  Amended CPA benefits both Jazz and Air Canada  Five-year contract extension to 2020  Confirmed target of 375,000 annual block hours  Markup reduced from 16.72% to 12.50% on first 3

  14. Slide 14: CPA provides for fleet renewal

    CPA provides for fleet renewal  15 Bombardier Q400 NextGen to replace CRJ100/200  Delivery will begin in May 2011  Aircraft features:  LED lighting  New ceiling panels  Dished window sidewalls  Larger overhead bins  Active Noise and Vibration Suppression (ANVS) system  Operating costs among

  15. Slide 15: Taking prudent steps

    Taking prudent steps  Cash distributions  Reduced to $0.60/unit annually  Reflect amended CPA/term extension  New level sustainable going forward  Debenture transaction  Principal amount of $75 million  Over-allotment option of $11.25 million  Successfully completed on November 12, 2009  Fu

  16. Slide 16: Committed to our people

    Committed to our people  JazzNet intranet Message Centre  Jazz Snapshot sessions  Extensive review of payroll, pension and benefits functions  Electronic pay stubs – environmentally friendly solution  $13.8 million in profit sharing flyjazz.ca

  17. Slide 17: Labour agreements

    Labour agreements  Ratified agreements to date  CAW Maintenance – September 12, 2009  CAW Airports – December 16, 2009  CALDA – March 25, 2010  Negotiations continue with other groups – crew schedulers, flight attendants and pilots  Goal  Achieve mutually beneficial agreements that will enabl

  18. Slide 18: Executive appointments

    Executive appointments  Colin Copp appointed Chief Administrative Officer  Jolene Mahody appointed Chief Operating Officer flyjazz.ca

  19. Slide 19: Safety is our top priority

    Safety is our top priority  Implemented programs and initiatives to remain among the safest airlines in the world  New process designed to help prevent potential future occurrences flyjazz.ca

  20. Slide 20: Agenda

    Agenda 2009 Performance Overview  Business Development Initiatives Q1-2010 and Beyond flyjazz.ca

  21. Slide 21: Partnership with Thomas Cook

    Partnership with Thomas Cook  Fly from Canadian gateways to various sun destinations  Winter season (November through April)  Jazz will operate six B757-200s initially  $100 million additional annual revenues  Potential to grow contract to 11 aircraft  Term ending April 30, 2012 or April 30, 2

  22. Slide 22: Investment in Pluna S.A.

    Investment in Pluna S.A.  $15 million US investment - 25% indirect interest in Pluna  Uruguay’s flagship airline  Jazz and Pluna operate common aircraft types  Significant return on investment  Latin America is world’s 2nd fastest growing air travel market  IATA projects 12.2% growth in 2010 

  23. Slide 23: Agenda

    Agenda 2009 Performance Overview Business Development Initiatives  Q1-2010 and Beyond flyjazz.ca

  24. Slide 24: First quarter 2010 earnings

    First quarter 2010 earnings Jazz Air Income Fund Period ended March 31, 2010 ($ million) Q1 2010 Operating revenue 355.4 Operating income 8.8 Net income 6.5 Distributable cash 18.5 flyjazz.ca

  25. Slide 25: Looking ahead

    Looking ahead  Corporate conversion  Completion by year end  Special meeting of unitholders targeted for September 2010  Completion of labour negotiations  Pilots  Flight attendants  Crew schedulers flyjazz.ca

  26. Slide 26: Driving force behind Jazz's success

    Driving force behind Jazz’s success flyjazz.ca

  27. Slide 27: Executive Team: Colin Copp

    Executive Team Colin Copp Chief Administrative Officer flyjazz.ca

  28. Slide 28: Executive Team: Jolene Mahody

    Executive Team Jolene Mahody Chief Operating Officer flyjazz.ca

  29. Slide 29: Executive Team: Rick Flynn

    Executive Team Rick Flynn Vice President, Finance flyjazz.ca

  30. Slide 30: Executive Team: Steve Linthwaite

    Executive Team Steve Linthwaite Vice President, Operations flyjazz.ca

  31. Slide 31: Executive Team: Richard Steer

    Executive Team Richard Steer Vice President, Maintenance and Engineering flyjazz.ca

  32. Slide 32: Executive Team: Scott Tapson

    Executive Team Scott Tapson Vice President, Business Development flyjazz.ca

  33. Slide 33: Jazz Air Income Fund Annual Meeting of Unitholders

    Jazz Air Income Fund Annual Meeting of Unitholders May 13, 2010 | Vancouver, British Columbia flyjazz.ca

Jazz Air Income Fund — Shareholder Meeting (May 2010) on 6ix