Aercap Holdings N.v. · NYSE:AER
Aercap — Merger or Acquisition (March 2021)
9 slides from Aercap's merger presentation, Mar 12, 2021
Slide 1: AerCap Investor Presentation
D u b l i n | S h a n n o n | L o s A n g e l e s | S i n g a p o r e | A m s t e r d a m | S h a n g h a i | A b u D h a b i | S e a t t l e | T o u l o u s e AerCap Investor PresentationAerCap Holdings N.V. March 10, 2021
Slide 2: Forward-looking statements
This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are “forward-looking statements” that involve risks and uncertainties. In some cases, forward-looking statements can be identified by the us
Slide 3: Transaction Summary
Transaction Summary AerCap will acquire GE Capital Aviation Services (“GECAS”)from General Electric (“GE”) for total consideration of (a) 111.5 million AerCap ordinary shares, (b) $24 billion of cash and (c) $1 billion of AerCap notes and/or cashPost-transaction, GE will own ~46% of AerCap and hold
Slide 4: Transaction Highlights
Transaction Highlights Creates an industry leader across all areas of aviation leasing:aircraft, engines and helicoptersCombines two complementary aircraft fleets focused onnarrowbody and new technology aircraftCombined company will have stronger revenues, cash flowsand earnings and greater customer
Slide 5: Creating a Leader Across Aviation Leasing
Creating a Leader Across Aviation Leasing Combined company will be a leader in aviation leasing>2,000 owned and managed aircraft across ~200 customers>900 owned and managed engines across ~45 customers>300 owned helicopters across ~40 customersHigh-quality combined aircraft fleet, with average fleet
Slide 6: Continuation of Successful M&A Strategy
Date Announced Acquiror Target Deal Value ($ bn) Jun. 2005 2.8 Sept. 2009 1.3 Dec. 2013 28.1 Mar. 2021 ~30 Continuation of Successful M&A Strategy AerCap has grown through three significant acquisitions: debis AirFinance in 2005, Genesis Lease in 2009 and ILFC in 2013AerCap can draw on this successf
Slide 7: Transaction Enhances Key Credit Metrics
Transaction Enhances Key Credit Metrics ~$7BN OF REVENUES~$5BN OF OP. CASH FLOW LIQUIDITY AND LEVERAGE TARGETS UNCHANGED SECURED DEBT EXPECTED TO BE <20% OF TOTAL ASSETS HIGHER FFO / DEBT ANDINTEREST COVERAGE TOP 10 CUSTOMERS REDUCE TO ONLY ~30% OF NBV Combined company will have a broader revenue ba
Slide 8: Expected Transaction Timetable
Expected Transaction Timetable Closing AerCap Shareholder Meeting Public Announcement We are targeting closing during 4Q 2021 MARCH Regulatory Approvals Investor update call A meeting will be convened for the purpose of obtaining necessary shareholder approvals The transaction is subjectto regulator
Slide 9: AerCap House contact details
AerCap House65 St Stephens GreenDublin D02 YX20 Ireland T: +353 1 819 2010E: contact@aercap.com W: aercap.com D u b l i n | S h a n n o n | L o s A n g e l e s | S i n g a p o r e | A m s t e r d a m | S h a n g h a i | A b u D h a b i | S e a t t l e | T o u l o u s e