Bristow Group, Inc. · NYSE:VTOL
Bristow — Corporate Update (June 2017)
6 slides from Bristow's corporate update, Jun 9, 2017
Slide 1: The New Bristow and Our Action Plan for a Competitive and Profitable Future
DRAFT The New Bristow and Our Action Plan for a Competitive and Profitable Future June 9, 2017 Exhibit 99.1
Slide 2: Forward-looking statements
Forward-looking statements Statements contained in this presentation regarding 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 expected contract wins, ope
Slide 3: Our FY17 results were impacted by continued pressure on our oil and gas business
Our FY17 results were impacted by continued pressure on our oil and gas business as offshore activity remains low and the ongoing grounding of the H225, has increased lease and personnel costs for replacement aircraft We increased liquidity by $76M during Q4FY17 to $357M at March 31, 2017 through $2
Slide 4: The new Bristow will have two primary geographical hubs in key areas of business
The new Bristow will have two primary geographical hubs in key areas of business, Europe and the Americas, to become a more regionally focused, cost efficient and competitive business to win more contracts Safety improvement remains our top priority as these primary hubs employ these other prioritie
Slide 5: The new Bristow…a repositioned, competitive and more nimble company
The new Bristow…a repositioned, competitive and more nimble company The Current Bristow Global Commercial Global Operations Global Business Operations Services ECR AMR Global Support AFR APR The New Bristow European Hub Americas Hub Support European and Americas Hubs will be responsible for operatio
Slide 6: We are taking steps to reduce G&A to approximately 12% of revenues
We are taking steps to reduce G&A to approximately 12% of revenues, including through the actions announced yesterday With the exception of SAR, we are significantly reducing our diversification effort, while continuing to leverage our fixed wing/UAV capabilities in markets where strong synergy exis