Bristow Group, Inc. · NYSE:VTOL
Bristow — Scotia Howard Weil 45th Annual Energy Conference 2017
13 slides from Bristow's conference presentation, Mar 29, 2017
Slide 1: Scotia Howard Weil 45th Annual Energy Conference
Scotia Howard Weil 45th Annual Energy Conference Bristow Group Inc. March 29, 2017 EXHIBIT 99.1
Slide 2: Forward-looking statements
Forward-looking statements Statements contained in this presentation regarding the Company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. These forward-looking statements include statements regarding capital deployment strategy
Slide 3: Bristow is the leader in industrial aviation services
Ticker: BRS; stock price1 of $13.23/share with a market cap ~$460 million 345 aircraft in ~20 countries with ~4,500 employees2 Successful launch of U.K. SAR contract (not tied to oil and gas) Improved liquidity and financial flexibility with recent secured financings $67 Based on stock price as of M
Slide 4: Continued focus on our FY17 Safety Improvement Plan
Continued focus on our FY17 Safety Improvement Plan with full air and ground YTD Target Zero performance in AFR and APR Enhanced one-time inspections of S-92s complete with limited disruption to service; elevated monitoring continues Our global H225 operations remain suspended and we continue to eva
Slide 5: Recent events and outlook
Recent events and outlook The December 2016 quarter results reflect the continued pressure on our oil and gas operations due to the industry downturn; however, they were above our internal expectations Improving our liquidity runway by $630 million through: Funding of $200 million Lombard seven-year
Slide 6: Liquidity runway increased with $400 million now funded of the $630 million equipment financings
Liquidity runway increased with $400 million now funded of the $630 million equipment financings announced We expect new leased aircraft will offset rent savings from returned aircraft in the short term as we manage fleet operations We continue to reduce incremental lease costs Funded Lombard $200 m
Slide 7: Cash flow and liquidity
Cash flow and liquidity $ in millions Net cash provided by operating activities1 Total liquidity2 $ in millions See 10-Q for more information on cash flow provided by operating activities At period end Announced/closed but unfunded financings plus reported liquidity as of December 31, 2016 ($90M Lom
Slide 8: We continue to employ our aviation competencies to diversify into complementary and growing businesses
We continue to employ our aviation competencies to diversify into complementary and growing businesses 96% 2% 76% 13% 11% Operating revenue by business line $ in millions Successful diversification with non-oil and gas revenue up to ~28% this year, compared to ~4% in FY14 Nine of ten U.K. SAR bases
Slide 9: Bristow continues to execute successfully to maintain leadership position during this downturn
Bristow continues to execute successfully to maintain leadership position during this downturn Primary focus remains on continuing to improve upon our safety performance Like our offshore services peers, we expect offshore E&P spend to be down again in FY18; we remain focused on improving our essent
Slide 10: — LIDER A, .
— LIDER A, . mI /0¢00 alrnorth, 4 me at Bristow Eastern ((coucar aviashelf
Slide 11: Appendix
Appendix
Slide 12: Financing update
Financing update Funded $200 million secured aircraft equipment financing Lease five oil and gas aircraft as part of overall financing and to manage fleet operations Five-year borrowing at Libor + 5.35% Funded $200 million secured aircraft equipment financings $110 million facility funded on Decembe
Slide 13: Bristow Group Inc. contact details
Bristow Group Inc. (NYSE: BRS) 2103 City West Blvd., 4th Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com Contact us
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