1500 Thu 3 Bristow Group - Jefferies

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Adjusted EBITDAR* reconciliation Fiscal year ended, 3/31/2010 3/31/2011 ($ in millions) Q1 Q2 Q3 Q4 YTD Q1 Q2 Q3 Q4 YTD Net income $24.0 $33.7 $27.1 $28.7 $113.5 $20.9 $38.8 $42.3 $31.2 $133.3 Income tax expense 9.5 11.2 5.7 2.6 29.0 8.5 3.3 -11.8 7.1 7.1 Interest expense 10.0 10.6 11.0 10.8 42.4 11.1 11.5 13.8 9.9 46.2 Gain on disposal of assets -6.0 -4.9 -2.4 -5.3 -18.7 -1.7 -1.9 0.0 -5.1 -8.7 Depreciation and amortization 18.2 18.5 20.7 17.4 74.7 19.3 21.0 21.3 27.7 89.4 Special items 2.5 -2.4 -1.2 1.0 0.0 0.0 0.0 -1.2 2.4 1.2 EBITDA Subtotal 58.2 66.7 60.8 55.1 240.9 58.1 72.7 64.4 73.3 268.5 Rental expense 7.0 6.9 7.2 6.3 27.3 6.6 6.1 8.7 7.7 29.2 Adjusted EBITDAR $65.2 $73.6 $0.1 $61.3 $268.2 $64.7 $78.8 $73.1 $81.1 $297.7 3/31/2012 3/31/2013 ($ in millions) Q1 Q2 Q3 Q4 YTD Q1 Q2 Net income $21.2 $3.0 $26.5 $14.6 $65.2 $24.2 $30.4 Income tax expense 6.6 -1.9 7.1 2.4 14.2 6.2 8.3 Interest expense 9.0 9.5 9.8 10.0 38.1 8.8 8.6 Gain on disposal of assets -1.4 1.6 2.9 28.6 31.7 5.3 1.3 Depreciation and amortization 22.7 25.4 22.7 25.3 96.1 21.4 23.3 Special items 0.0 24.6 0.0 3.4 28.1 2.2 -2.3 EBITDA Subtotal 58.1 62.1 68.9 84.3 273.4 68.0 69.7 Rental expense 9.0 9.1 12.8 15.1 46.0 16.3 15.3 Adjusted EBITDAR $67.0 $71.2 $81.8 $99.5 $319.5 $84.3 $84.9 * Adjusted EBITDAR excludes special items and asset dispositions 30
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 $2.1 = $79* - ( $2,922* X 2.625%** ) Bristow Value Added calculation for Q2 FY12 $0 = $76* - ( $2,907* X 2.625%** ) * Reconciliation for these items follows right after this slide ** Quarterly capital charge of 2.625% is based on annual capital charge of 10.5% 31
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 and 12: The market outlook continues to imp
Page 13 and 14: Our focus on returns has yielded mu
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: Adjusted EBITDAR margin* trend 2010
Page 33 and 34: Gross Operating Asset Presentation
Page 35 and 36: Leverage Reconciliation Debt Invest

1500 Thu 3 Bristow Group - Jefferies

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