United Airlines Holdings, Inc. · NASDAQ:UAL
United Airlines — Continental Airlines — IPO Roadshow (March 2012)
14 slides from United Airlines's IPO roadshow presentation, Mar 8, 2012
Slide 1: 2012-1 EETC Investor Presentation
Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-158781 March 8, 2012 2012-1 EETC Investor Presentation Continental Airlines, Inc. March 8, 2012
Slide 2: Registration statement and prospectus notice
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete informati
Slide 3: Continental Airlines 2012-1 EETC
Continental Airlines 2012-1 EETC Continental Airlines, Inc. (“Continental”) is offering $892,138,000 of Pass Through Certificates, Series 2012-1, in two classes Class A of $753,035,000 Class B of $139,103,000 The proceeds from the offering will be used by Continental to finance 21 aircraft Finance t
Slide 4: CAL 2012-1 EETC Structural Summary
CAL 2012-1 EETC Structural Summary Class A Class B Aggregate Face Amount $753,035,000 $139,103,000 (1) Expected Ratings Baa2 / A- Ba2 / BBB- (2) LTV (initial/max) 55.3% / 55.3% 65.5% / 65.5% Interest Rate Fixed, semi-annual Fixed, semi-annual Tenor 12.1 8.1 Initial Average Life 9.2 5.7 Regular Distr
Slide 5: Key Structural Elements
Key Structural Elements Classes Offered: Two tranches of amortizing debt, both of which will benefit from a liquidity facility covering three semi-annual interest payments Waterfall: Interest on the Preferred Pool Balance on the Class B paid ahead of Class A principal (same as Continental 2010-1) Bu
Slide 6: Collateral Summary
Collateral Summary (1) Aircraft Aircraft Manufacturer's Delivery Appraised Number Type Serial Number Month Value(4) (2) New Deliveries 1 B787-8 34824 Sep-2012 $127,394,870 2 B787-8 34829 Oct-2012 127,697,813 3 B787-8 34821 Nov-2012 127,833,719 4 B787-8 34823 Nov-2012 127,833,719 5 B737-900ER 31650 F
Slide 7: Collateral Pool
Collateral Pool The transaction benefits from a collateral pool of new and recently built aircraft, and includes a mix of narrowbody and widebody aircraft types Collateral Fleet / Age Mix (by appraised value in $mm) Narrowbody: 63% 2009 Build: 10% Widebody: 37% New: 90% 2009 Build $136 B787-8 $511 B
Slide 8: Aircraft Appraisals
Aircraft Appraisals Continental has obtained Base Value Desktop Appraisals from three appraisers (AISI, BK Associates and Morten Beyer & Agnew) New Aircraft: Base Value Owned 2009 Aircraft: Maintenance Adjusted Base Value Maintenance Adjusted Base Value includes adjustments from the mid-time, mid-li
Slide 9: Collateral Overview: Boeing 737-900ER
Collateral Overview Boeing 737-900ER Overview: The B737-900ER is the largest variant of the world’s best selling B737NG family of narrowbody commercial aircraft (1) Strengths : Very similar build and configuration to the B737-800, but longer fuselage accommodates 13 additional passengers with transc
Slide 10: B737-900ER Market – 16 Customers for 417 net orders
B737-900ER Market – 16 Customers for 417 net orders (1) 106 deliveries to customers (2) Net orders from customers Notes: (1) Through December 31, 2011, net orders are defined as gross orders minus cancellations by customers; inclusive of aircraft deliveries (2) Through December 31, 2011 9
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Slide 12: Collateral Overview: Boeing 787-8 Dreamliner
Collateral Overview Boeing 787-8 “Dreamliner” Overview: New generation long range aircraft with size similar to current B767s in fleet – 219 passengers in Continental’s standard two-class configuration (36 business / 183 premium and regular economy) Strengths Over 45 airlines and leasing companies h
Slide 13: B787 Market – 59 customers for 860 firm orders
B787 Market – 59 customers for 860 firm orders 561 B787-8 B787-8 and -9 299 B787-9 Notes: As of December 31, 2011 *Leasing operator 12
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