Fly Leasing — Merger or Acquisition (August 2011)
11 slides from Fly Leasing's merger presentation, Aug 4, 2011
Slide 1: FLY to Acquire a Portfolio of 49 Leased Aircraft
FLY to Acquire a Portfolio of 49 Leased Aircraft August 4, 2011
Slide 2: Caution Concerning Forward-looking Statements
Caution Concerning Forward-looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "s
Slide 3: Transformational Acquisition of Portfolio of 49 Leased Aircraft
Transformational Acquisition of Portfolio of 49 Leased Aircraft
Slide 4: Transformational Acquisition of Portfolio of 49 Leased Aircraft cont.
Transformational Acquisition of Portfolio of 49 Leased Aircraft cont.
Slide 5: The Acquisition Meets FLY's Objective of Enhancing Shareholder Value
The Acquisition Meets FLY's Objective of Enhancing Shareholder Value
Slide 6: The Portfolio Complements FLY's Existing Fleet
(CHART) (CHART) The Portfolio Complements FLY's Existing Fleet Grows contracted annualized lease rentals by 80%, from $205 million to approximately $370 millionIncreases number of aircraft in the portfolio by 82%, from 60 to 109 aircraftThe portfolio to be acquired is predominantly in-demand, narrow
Slide 7: Combined Portfolio
Combined Portfolio Portfolio data as of 30 June 2011. Current FLY data weighted by net book value; acquired portfolio data weighted by current market value appraisals.Does not include the four B767 aircraft owned by a Joint Venture in which FLY has a 57% interest.One A330-200, one B747-400, one B767
Slide 8: The Portfolio Strengthens FLY's Lessee Exposure
The Portfolio Strengthens FLY's Lessee Exposure Portfolio to be Acquired Portfolio to be Acquired Current FLY Portfolio Current FLY Portfolio Combined FLY Portfolio Combined FLY Portfolio Lessee % of rentals Lessee % of rentals Lessee % of rentals 15.2% 8.6% 6.7% 8.7% 7.8% 5.3% 8.6% 7.3% 4.8% 8.2% 6
Slide 9: FLY's Portfolio will Continue to be Serviced by BBAM
FLY's Portfolio will Continue to be Serviced by BBAM
Slide 10: Expected Closing Timetable
Expected Closing Timetable Transaction Milestones Expected Date Closing subject to customary closing conditions, including obtaining lender consents August / September 2011 Closing of Acquisition September / October 2011 Financial statements and pro formas will be filed within 75 days of closing Nov
Slide 11: Acquisition Highlights
Acquisition Highlights Adds 49 modern, fuel-efficient aircraft Grows FLY’s fleet by 82% from 60 to 109 aircraft (all on lease) Increases fleet value to $3 billion Grows annualized lease revenue by 80% to $370 million Accretive to EPS ACF Diver S$ and expan customer base to 53 es around the world iy