Bristow Group, Inc. · NYSE:VTOL
Bristow — Scotia Howard Weil 43rd Annual Energy Conference 2015
18 slides from Bristow's conference presentation, Mar 23, 2015
Slide 1: Scotia Howard Weil 43rd Annual Energy Conference
Exhibit 99.1 Scotia Howard Weil 43rd Annual Energy Conference Bristow Group Inc. March 22 – 26, 2015
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about our future business, operations, capital expenditures, fleet composition, capabilities
Slide 3: Bristow is a differentiated investment in oilfield services
Who we are: Bristow is a differentiated investment in oilfield services • Ticker: BRS; stock price1 of Bristow transports crews for oil $58.74/share with a market cap ~$2.0 and gas companies and provides billion search and rescue (SAR) services for them and governments alike • 369 aircraft in ~20 co
Slide 4: Bristow's Target Zero safety culture
Who we are: Bristow’s Target Zero safety culture • Industry-leading Target Zero safety BRISTOW AIR ACCIDENT RATE* program since 2006 PER 100,000 FLIGHT HOURS *includes commercial operations only • Our current safety programs have 0.96 been enhanced through: Internal focus, transitioning from lagging
Slide 5: Service to the entire energy value chain, especially production
Who we are: Service to the entire energy value chain, especially production • Largest share of revenues (>60%) relates to Typical revenues by segment oil and gas production, providing stability Production and growth opportunities 60% • There are ~8,000 offshore production Other installations worldwi
Slide 6: Bristow's contract structure generates predictable cash flow
Who we are: Bristow’s contract structure generates predictable cash flow • Two-tiered contract structure includes both: Fixed monthly standing charge to reserve helicopter capacity Variable fees based on hours flown with fuel pass-through • Bristow oil and gas contracts earn on average 65% of revenu
Slide 7: Bristow market perspectives and plans
What we are doing now: Bristow market perspectives and plans • Clients are continuing a three-phase response in this downturn: retrenching, recalibration and (eventually) renewal • The strength of the U.S. dollar continues to impact Bristow’s financial results more than the decline in oil prices • A
Slide 8: Specific initiatives to help our clients
What we are doing now: Specific initiatives to help our clients 16-point efficiency program that responds to our Examples clients’ demands for cost reductions Value Chain Targeted working sessions with clients generate ideas Workshop that lead to efficiency and cost reductions Alternative Aircraft o
Slide 9: Cost management execution to weather this downturn
What we are doing now: Cost management execution to weather this downturn We have already executed several initiatives including: $10-$20M • Other International Business Unit elimination to better align cost our commercial operations and reduce G & A costs reductions in FY16 • Global heavy maintenan
Slide 10: Qualified aircraft opportunities over the next three years
Building long term value: 199 qualified aircraft opportunities over the next three years 8 5 6 Europe Russia 33 56 10 8 4 North America 30 56 E. Africa, M. East and Central Asia Global aircraft 36 opportunities 7 19 Gulf of Guinea 9 27 27 7 Australia and 118 Southeast Asia 81 South America and Carib
Slide 11: Order book management from our qualified opportunities
Building long term value: Order book management from our qualified opportunities • Bristow uses specific opportunities to create our order book with total opportunities condensed to 104 realistic bids 199 qualified aircraft opportunities • 31 high probability opportunities for new contracts are deri
Slide 12: UK SAR provides stable, diversified cash flows
Building long term value: UK SAR provides stable, diversified cash flows • Long-term, stable cash flow provides diversification with energy franchise • Four LACE operating under GAP SAR contract expected to provide ~ $15 - $25M in EBITDAR in FY16 • UK SAR contract expected to commence April 1, 2015
Slide 13: Bristow's H175 order includes innovative lifecycle support
Building long term value: Bristow’s H175 order includes innovative lifecycle support • The H175 range, cruise speed and cost per passenger-mile are highly desirable for our customers operating with certain capacity requirements • Airbus Helicopters is providing a comprehensive airline-style support
Slide 14: Fixed wing creates point-to-point logistics solutions
Building long term value: Fixed wing creates point-to-point logistics solutions • Through acquisitions of Eastern Airways and Airnorth, Bristow has continued to increase its ability to offer clients point-to-point logistics solutions • Point-to-point logistics provide our clients with a more complet
Slide 15: AW609 is the next step in point-to-point logistics solutions
Building long term value: AW609 is the next step in point-to-point logistics solutions • The AW609 creates point-to-point logistics solutions for clients in one airframe • The aircraft is being developed based on existing military tilt rotor technology, but with additional capabilities such as a pre
Slide 16: A strong balance sheet is critical during this downturn
Building long term value: A strong balance sheet is critical during this downturn Bristow’s strong balance sheet and diversified cash flows provide flexibility to weather downturn and emerge stronger • Preference for mostly owned fleet makes cost management and growth easier during a downturn • Oppo
Slide 17: We are Bristow
Ln, SLIDER, alirnorth ga together we fly AF Bristow EasternF (((coucar <j aviashelf 17
Slide 18: Contact us
Contact us Bristow Group Inc. (NYSE: BRS) 2103 City West Blvd., 4 th Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com 18
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