United Airlines Holdings, Inc. · NASDAQ:UAL
United Airlines — Continental Airlines — IPO Roadshow (September 2012)
13 slides from United Airlines's IPO roadshow presentation, Sep 19, 2012
Slide 1: 2012-2 EETC Investor Presentation
Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-181014-01 September 19, 2012 2012-2 EETC Investor Presentation Continental Airlines, Inc. September 19, 2012
Slide 2: Registration statement and prospectus notice
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete informati
Slide 3: Continental Airlines 2012-2 EETC
Continental Airlines 2012-2 EETC • Continental Airlines, Inc. (“Continental”) is offering $843,888,000 of Pass Through Certificates, Series 2012-2 in two classes: – Class A of $711,622,000 – Class B of $132,266,000 • The proceeds from the offering will be used by Continental to finance 21 aircraft:
Slide 4: CAL 2012-2 EETC Structural Summary
CAL 2012-2 EETC Structural Summary Class A Class B Principal Amount $711,622,000 $132,266,000 Expected Ratings (M/S/F) Baa2 / A- / A Ba2 / BBB- / BBB- Initial LTV(1) 55.0% 65.2% Interest Rate Fixed, semi-annual, 30/360 day count Initial Average Life (in years) 9.2 6.0 Regular Distribution Dates Apri
Slide 5: Key Structural Elements
Key Structural Elements • Classes Offered: Two tranches of amortizing debt offered, both of which will benefit from a liquidity facility covering three semi-annual interest payments • Waterfall: Interest on the Preferred Pool Balance on the Class B Certificates is paid ahead of Class A Certificates’
Slide 6: Collateral Summary
Collateral Summary Notes: 1. 21 aircraft will be financed from the proceeds of this offering; 3 new B787-8 aircraft and 18 new B737-900ER aircraft will be selected from a list of 22 aircraft scheduled for delivery in 2012 and 2013. Value assumes that the first 21 new aircraft in chronological order
Slide 7: Collateral Pool
Collateral Pool • The collateral pool benefits from diversification of two strategically core aircraft types – 72% Narrowbody / 28% Widebody Mix – 100% New CAL 2012-2 Collateral Mix Distribution of Appraised Value Widebodies: 28% Narrowbodies: 72% Vintage: 0% New: 100% 787-8 $375.97MM 737-900ER $946
Slide 8: Aircraft Appraisals
Aircraft Appraisals • Continental has obtained Base Value Desktop Appraisals from three appraisers (AISI, BK Associates and Morten Beyer & Agnew) • Aggregate aircraft appraised value of $1,323 million(1) • Appraisals available in the Preliminary Prospectus Supplement • Appraisals indicate an initial
Slide 9: Collateral Overview: Boeing 737-900ER
Collateral Overview Boeing 737-900ER • Overview: The 737-900ER is the largest variant of world’s all-time best selling 737NG family of narrowbody commercial aircraft • Strengths(1): – Very similar build and configuration to the 737-800, but longer fuselage accommodates 13 additional passengers with
Slide 10: Boeing 737-900ER net orders and deliveries by customer
Net orders from customers (102) (100) (22) 128 deliveries to 8 customers (14) (10) (62) (43) (6) (7) (6) (4) (4) (2) (2) (3) (2) (6) (5) (15) Notes: 1. Net orders are defined as gross orders minus cancellations by customers inclusive of aircraft deliveries, through July 31, 10 2012. Deliveries are t
Slide 11: Collateral Overview: Boeing 787-8 Dreamliner
Collateral Overview Boeing 787-8 “Dreamliner” • Overview: New generation long range aircraft with size similar to current 767s in fleet - 219 passengers in Continental’s standard two-class configuration (36 business / 183 premium and regular economy) • Strengths(1): – Over 46 airlines and leasing co
Slide 12: Boeing 787-8/9 Market Customers for Firm Orders
Boeing 787-8/9 Market 58 Customers for 824 Firm Orders 520 B787-8 B787-8 and -9 AEROFLOT @e Aeromexico air astana Baivertin AIR CANADA @ ANAD Prirtwropa —exccnce S ZA -avianca ,* EB | ssn eames TAL GROUP G2) QBiman cit yf — ADELTA BRITISH AIRWAYS 4 304 B787-9 \S AIR CHINA atars) Heit” ews | Icetanoa
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