1500 Thu 3 Bristow Group - Jefferies

More documents

Recommendations

Info

2. Bristow enjoys the strongest balance sheet in our industry with ample liquidity, cash flow and asset value Prudent Balance Sheet management • Adjusted Debt/Capital Ratio less than 45% with a BBBrating from Standard & Poor’s for secured debt • Operating lease strategy used to finance growth with a competitive cost of capital Significant Cash Flow generation • BVA leads to a focus on cash and cash flows from operations. Bristow generated 15% more operating cash flow in FY12 compared to FY11. Ample Liquidity with underlying asset value • Bristow closed Q2 FY13 with more than $500 million of liquidity • Fair market value of aircraft is above share price at September 30, 2012 12
Our focus on returns has yielded much higher operating cash flow generation . . . Net cash provided by operating activities 250 231 Full fiscal year YTD (from Apr 1 to Sep 30) 200 195 $ in millions 150 100 128 151 50 55 94 69 117 135 0 FY09 FY10 FY11 FY12 YTD FY13 See September 30, 2012 10-Q for more information on cash flow provided by operating activities 13
Page 1 and 2: Jefferies Global Energy Conference
Page 3 and 4: Bristow is the leading provider of
Page 5 and 6: TARGET ZERO, our industry leading s
Page 7 and 8: 1. Bristow services are utilized in
Page 9 and 10: Bristow’s contract structure gene
Page 11: The market outlook continues to imp
Page 15 and 16: 3. Bristow has a proven commitment
Page 17 and 18: Financial highlights: FY13 guidance
Page 19 and 20: Contact us Bristow Group Inc. (NYSE
Page 21 and 22: Organizational Chart - as of Septem
Page 23 and 24: Aircraft Fleet - Small, Training an
Page 25 and 26: Consolidated fleet changes and airc
Page 27 and 28: Operating revenue, LACE and LACE ra
Page 29 and 30: Adjusted EBITDAR margin* trend 2010
Page 31 and 32: Bristow Value Added (BVA) Sample ca
Page 33 and 34: Gross Operating Asset Presentation
Page 35 and 36: Leverage Reconciliation Debt Invest

1500 Thu 3 Bristow Group - Jefferies

Create successful ePaper yourself

Delete template?

Save as template?