Bristow Group, Inc. · NYSE:VTOL
Bristow — Scotia Howard Weil 2016 Energy Conference
12 slides from Bristow's conference presentation, Mar 22, 2016
Slide 1: Scotia Howard Weil 2016 Energy Conference
Scotia Howard Weil 2016 Energy Conference Bristow Group Inc. March 21 – 23, 2016
Slide 2: Forward-looking statements
2 Forward-looking statements Statements contained in this presentation that state the Company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are forward-looking statements. These forward-looking statements include statements regarding earnings guidance and ea
Slide 3: Bristow transports crews and provides search and rescue services
3 • Ticker: BRS; stock price1 of $19.90/share with a market cap ~$700 million • 360 aircraft in ~20 countries with ~5,000 employees2 • Successful launch of $2.5 billion revenue U.K. SAR contract (not tied to oil and gas) • Continuing successful execution of cost reduction and capital efficiency init
Slide 4: Target Zero safety program and FY16 accidents
4 • Industry leading Target Zero safety program since 2006 • Heightened focus on our operations in light of FY16 accidents • Controlled water landing in Nigeria on February 3, 2016 Investigations ongoing – cooperating with authorities Lifting of temporary suspension of our S-76 aircraft in Niger
Slide 5: Bristow serves the entire energy value chain, biased towards production
5 Bristow provides service to the entire energy value chain, with a bias towards production • Largest share of revenues (~60%) relates to oil and gas production • There are ~8,000 offshore production installations worldwide — compared with >600 exploratory drilling rigs • ~1,900 helicopters are serv
Slide 6: Bristow's contract structure generates less volatile cash flow
6 Bristow’s contract structure generates less volatile 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 revenue no
Slide 7: Multiple levers to improve operational and financial position
7 We have multiple levers to improve our operational and financial position • U.K. SAR and fixed wing contribution helping to mitigate the effect of the downturn • We have taken actions to improve our liquidity and financial flexibility through the downturn, including: Capex deferral Company-wid
Slide 8: Diversifying into complementary and growing businesses
8 - 200 400 600 800 1,000 1,200 1,400 YTD FY14 YTD FY15 YTD FY16 U.K. SAR Fixed wing Oil and gas We continue to employ our aviation competencies to diversify into complementary and growing businesses 98% 2% 79% 12% 9% Operating revenue by business line $ in m ill io ns • Successful diversification w
Slide 9: Flexibility to reduce fixed lease costs in future years
9 Flexibility to reduce our fixed lease costs in future years • Modern fleet (average age ~8 years) requires limited ongoing renewal capital investment • Our mix of owned and leased aircraft gives us the option to return leased aircraft at expiry; reducing annual fixed cash costs while meeting deman
Slide 10: Addressing challenges to emerge with strength
10 Addressing challenges to emerge with strength • We are focused on improving safety performance and reinforcing Target Zero programs • Successful FY16 cost reductions provide confidence that we can continue to be competitive and maintain our financial flexibility • The FY17 oil and gas industry ou
Slide 11: ee LD ER
ee LD ER my /0(00 alrnorth A ome’ ] -_—f e aT Bristow EasternF ((coucar aviashelf
Slide 12: Contact us
12 Bristow Group Inc. (NYSE: BRS) 2103 City West Blvd., 4th Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com Contact us
Bristow Group — Scotia Howard Weil 2016 Energy Conference on 6ix