Bristow Group, Inc. · NYSE:VTOL
Bristow — Merger or Acquisition (June 2026)
12 slides from Bristow's merger presentation, Jun 26, 2026
Slide 1: Bristow Group Acquisition of Berry Aviation
Bristow Group Acquisition of Berry Aviation June 23, 2026 Exhibit 99.2
Slide 2: Forward-Looking Statements
2 Forward-Looking Statements Certain statements in this presentation constitute “forward-looking statements” within the meaning of the federal securities laws, including statements relating to the proposed acquisition of Berry Aviation, the expected timing of its completion, expectations regarding t
Slide 3: Transaction Highlights
3 Transaction Highlights • Bristow Group Inc. (“Bristow”) is acquiring Berry Aviation, Inc. (“Berry Aviation”) for $105 million, subject to customary closing adjustments • All-cash consideration Transaction Value • Acquisition strengthens Bristow’s mission diversification, broadens Bristow's governm
Slide 4: Berry Aviation: A Mission-Critical Provider of End-to-End Aviation Services
4 (1) Maintenance, Repair and Overhaul (“MRO”) and Component Repair and Overhaul (“CRO”); (2) Unmanned Aerial Systems (“UAS”); (3) United States Air Force (USAF), United States Special Operations Command (SOCOM), and United States Transportation Command (TRANSCOM); (4) Commercial Airlift Review Boar
Slide 5: Berry Aviation Offers Highly Differentiated and Mission-Critical Aviation Services
5 (1) Short take-off and landing (“STOL”); (2) Outside Continental United States (“OCONUS”); (3) Intelligence, Surveillance and Reconnaissance (“ISR”); (4) Casualty Evacuation (“CASEVAC”) and Medical Evacuation (“MEDEVAC”); (5) Special Operations Forces (“SOF”). Berry Aviation Offers Highly Differen
Slide 6: Berry Aviation Global Operational Footprint
6 Note: Excludes Berry Aviation’s ODC fleet of nine owned EMB-120ER aircraft Berry Aviation Global Operational Footprint High Quality Defense, Government Agency and Private Sector Customers(1): Areas Berry Aviation has operated in Aircraft Fleet 15 Special Missions Aircraft 23 Total Aircraft 8 Other
Slide 7: Berry Aviation Capabilities and Services Overview
7 Berry Aviation Capabilities and Services Overview P e rc e n t o f T o ta l B e rry A v ia tio n R e v e n u e s (1 ) Special Mission Aviation Services MRO / CRO UAS On Demand Cargo and Bayview/Other • Intelligence Collection and Surveillance Flights • Passenger & Cargo Transport • Enhanced Mobili
Slide 8: Key Drivers and Themes Underpinning Growth in Aviation Government Services
8 Key Drivers and Themes Underpinning Growth in Aviation Government Services There are significant global tailwinds underpinning growth in government services, for both budgetary and geopolitical reasons Aging government aircraft fleets Across 15 European countries with the largest fleet, 26% of all
Slide 9: Macro and Company Specific Attributes That Support an Investment Thesis for Bristow
9 Macroeconomic Attributes Company Attributes The Macro and Company Specific Attributes That Support an Investment Thesis for Bristow (1) Business Research Insights, Fortune Business Insights, Future Market Insights, Global Market Insights; (2) Department of Public Safety. Global geopolitical risks
Slide 10: Plans To Sell Norway Offshore Energy Business
10 Plans To Sell Norway Offshore Energy Business 2025 Norway Snapshot Aircraft Type #Aircraft #Bases #Employees S92s Only 23 4 ~360 OES Portfolio Management In a separate initiative, Bristow is pursuing the sale of its Norway offshore energy services business as part of its longstanding portfolio op
Slide 11: Illustrative Standalone and Pro Forma Segment Profile
11 Illustrative Standalone and Pro Forma Segment Profile 2025A Bristow Revenue(1) Portfolio Actions Advance Bristow’s Diversification Strategy and Enhance Value Creation 2025A Standalone Revenues(1) 2025A Pro Forma Revenues 8% Other Services 26% Government Services 66% Offshore Energy Services (“OES
Slide 12: Why Berry Aviation is an Excellent Addition to Bristow Group
12 Why Berry Aviation is an Excellent Addition to Bristow Group Leading provider of highly differentiated and mission-critical aviation services with an excellent reputation Significant, defensible barriers to entry Entrenched incumbent with 40+ year legacy of proven performance Vertically integrate