Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — IPO Roadshow (August 2015)
9 slides from Delta Air Lines's IPO roadshow presentation, Aug 10, 2015
Slide 1: EETC Amended Investor Presentation
Issuer Free Writing Prospectus Filed Pursuant to Rule 433(d) Registration No. 333-206258 August 10, 2015 KEEP2015-1 DAL DELTA August CLIMBING 10, 2015 EETC Amended Investor Presentation
Slide 2: Safe Harbor
KEEP Safe DELTA of without not registration should us you This Certificates, 2in the assumptions, and to the Harbor Investor Prospectus place CLIMBING this read prospectus limitation, offering. statement such undue Series Presentation risks prospectus Supplement. reliance business, and 2015-1. You a
Slide 3: Transaction Overview
KEEP Transaction DELTA Delta Class –The Sole Joint Passive 3Liquidity Fifteen Senior Subordinated Junior Liquidity Equipment EETC Structuring Lead Air AA: A: B: CLIMBING Bookrunners: Subordinated Class $69,449,000 $118,027,000 (15) Lines, Provider: $312,524,000 Bookrunners: Structure Facilities Over
Slide 4: Summary
KEEP Summary DELTA Class Aggregate $118,027,000 $69,449,000 $312,524,000 Aa3 A1 Baa2 72.0% 55.0% 45.0% Fixed Interest 30/360 Initial Regular 5.9 8.9 Expected 0.4 July Final January $2,000 Minimum of 3Liquidity 1. (“LMM”) Supplement 2. 3. 4multiples semiannual The Initial Each $1,000 /- /30, A+ 11.9
Slide 5: DAL Consistent EETC Structure
KEEP DAL Consistent (1) (2) such Principal DELTA Indenture Series Equipment Advances Subordination Liquidity Principal, 5Class The Class 2015-1 AA A BA AA B CLIMBING Equipment Liquidity Trustee Certificate Equipment and Providers Trustee Certificate /Make-Whole and Equipment with Loan Note Transacti
Slide 6: Key Documentation
KEEP Key DELTA Documentation Classes Cross-Collateralization Buyout Waterfall Three Collateral The All Same Interest Class Subordinated events An 61. See important Indentures Equipment Structural Awaterfall tranches Preliminary CLIMBING during Rights on Offered tranche Eligible Certificateholders ai
Slide 7: The Collateral
KEEP Collateral DELTA The Appraisals #Class Aircraft Appraised 21AISI 49.44 46.28 44.80 Sep-13 31912 3N801DZ 48.84 44.13 31917 4N802DN 48.22 45.24 43.68 31919 5N803DN 48.90 45.81 44.22 1.9 Oct-13 31918 6N804DN 48.36 45.49 43.78 31913 N805DN 49.60 44.87 31914 8N806DN 48.96 46.06 44.26 31921 N807DN 9B
Slide 8: The Collateral: DAL 2015-1 Aircraft in Delta's Fleet
KEEP Collateral DELTA The 45 DAL 5D 10 15 25 30 35 Total Deal ~48% ~37% Source: 1. Aircraft 0T 20 40 60 80 100 120 140 160 180 200 Other 8B737-900ER otal AL Future aircraft collateral 2015-1 Delta-operated Delta-owned Purchase Aircraft B737-900ER Owned of CLIMBING Delta Count Delta-owned Delta-opera
Slide 9: The Boeing 737-900ER
KEEP Boeing DELTA The Offers –20 –21 –139 No Competitive WiFi #Key Top Lion Quantity United Delta Alaska Turkish Sub-Total Aircraft 2800 Ability Relatively High Source: 1. 92. Customers Delivered Unfilled Cumulative Based Statute used new seats 5Boeing Statistics Air seats mile training and Air airc