American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — IPO Roadshow (September 2015)
10 slides from American Airlines's IPO roadshow presentation, Sep 10, 2015
Slide 1: American Airlines, Inc. Series 2015-2 EETC Upsized Investor Presentation
American Airlines, Inc. Series 2015-2 EETC Upsized Investor Presentation September 10, 2015
Slide 2: Cautionary Statement Regarding Forward-Looking Statements and Information
Cautionary Statement Regarding Forward-Looking Statements and Information TM This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “int
Slide 3: TM This highlights basic information about the issuer and this offering. Because it is
TM This Investor Presentation highlights basic information about the issuer and this offering. Because it is a summary, it does not contain all of the information that you should consider before investing. The issuer has filed a registration statement (including a prospectus) with the SEC for the of
Slide 4: American Airlines Group 2015-2 EETC Offering
American Airlines Group TM American Airlines, Inc. 2015-2 EETC Offering
Slide 5: 2015-2 EETC
American 2015-2 EETC TM American Airlines, Inc. (“American”) intends to issue $1,061,768,000 in aggregate face amount of Pass Through Certificates, Series 2015-2 (“American 2015-2”), in three classes, as follows: – Class AA: $583,226,000 – Class A: $239,271,000 – Class B: $239,271,000 The proceeds f
Slide 6: American 2015-2 EETC Structural Summary
TM American 2015-2 EETC Structural Summary Class AA Class A Class B Face Amount $583,226,000 $239,271,000 $239,271,000 Expected Ratings (Moody’s / S&P) Aa3 / AA A2 / A Baa3 / BBB Initial LTV / Maximum LTV(1) 39.0% / 39.6% 55.0% / 55.8% 71.0% / 72.1% Initial Average Life 9.0 years 9.0 years 5.6 years
Slide 7: Key Structural Elements
TM Key Structural Elements American 2015-2 is structured similar to recent precedents • Three Classes of Certificates Offered ‒ Three tranches of amortizing debt are being offered, with the Class AA, Class A, and Class B each benefiting from a separate liquidity facility covering three semiannual in
Slide 8: Overview of the Collateral Pool
American Airlines Group TM Overview of the Collateral Pool
Slide 9: Attractive Aircraft Pool
TM Attractive Aircraft Pool • Aggregate aircraft appraised value of approximately $1,495 million(1) • Appraisals indicate collateral cushion as of the first regular distribution date of 60.4%, 44.2%, and 27.9% on the Class AA, A, and B Certificates, respectively,(2) which is expected to increase ove
Slide 10: Young and Diversified Portfolio
Young and Diversified Portfolio By Aircraft Type (% of base value)(1) By Body Type (% of base value)(1) A319-100 8% B787-8 40% Narrow Wide A321-200 49% 51% 32% B777-300ER B737-800 11% 9% By Delivery Date: 0.3 Years Average Age(1)(2) 25% 20% 8% 15% 8% 16% 3% 10% 3% 14% 7% 8% 5% 11% 4% 3% 7% 2% 2% 3%