American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — IPO Roadshow (April 2018)
14 slides from American Airlines's IPO roadshow presentation, Apr 30, 2018
Slide 1: American Airlines, Inc. 2012-2C(R) EETC Investor Presentation
American Airlines, Inc. 2012-2C(R) EETC Investor Presentation April 30, 2018 Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-216167-01 April 30, 2018
Slide 2: Cautionary Statement Regarding Forward-Looking Statements and Information
Cautionary Statement Regarding Forward-Looking Statements and Information This document includes forward-looking statements within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securi
Slide 3: 2012-2 EETC Class C Refinancing
2012-2 EETC Class C Refinancing
Slide 4: American 2012-2 Class C(R) Transaction Overview
American 2012-2 Class C(R) Transaction Overview American Airlines, Inc. (“American”) has issued a notice to redeem the Series C Equipment Notes relating to its $100 million 5.45% AAL 2012-2C Certificates scheduled to mature on June 3, 2018 (the “2012-2C Equipment Notes”) The redemption of the 2012-2
Slide 5: 2012-2 Class C(R) Structural Summary
2012-2 Class C(R) Structural Summary Existing 2012-2 Class A Existing 2012-2 Class B Proposed 2012-2 Class C(R) Initial Face Amount / Current Principal Balance1 $418,113,000 / $298,678,001 $128,071,000 / $98,942,684 $100,000,000 / N.A. Ratings / [Expected Ratings]2 (Moody’s / S&P / Fitch) A3 / A / A
Slide 6: Key Structural Elements
Key Structural Elements1 Certificates Offered One tranche of non-amortizing debt Depositary The proceeds will initially be held in escrow and will thereafter be used to acquire the related series of equipment notes to be issued by American on a full recourse basis Waterfall Interest on Preferred Poo
Slide 7: Loan to Aircraft Value Ratios
Loan to Aircraft Value Ratios Pool Balance LTV Date Period1 Aggregate Aircraft Value2 Class A Certificates Class B Certificates Class C(R) Certificates Class A Certificates Class B Certificates Class C(R) Certificates June 3, 2018 0.1 $528,386,667 $286,678,000 $95,737,609 $100,000,000 54.3% 72.4% 91
Slide 8: AAL 2012-2 Certificate Loan-to-Value Ratio
AAL 2012-2 Certificate Loan-to-Value Ratio Note: Aggregate aircraft value calculation based on assumption that the appraised value of each 2012-2 aircraft declines at a rate of approximately 3% per annum for the first 15 years after its delivery. Source: American Airlines 2012-2 EETC Prospectus Supp
Slide 9: Overview of the Collateral Pool
Overview of the Collateral Pool
Slide 10: Aircraft Collateral Summary
Aircraft Collateral Summary Appraisals as of March 31, 2018 1 Appraised Value equals the lesser of the median and the mean (“LMM”) of half-life desktop appraisals for each aircraft, provided by Aircraft Information Services, Inc., BK Associates, Inc., and morten, beyer & agnew. Base values and curre
Slide 11: American Airlines' Mainline Fleet Plan
American Airlines’ Mainline Fleet Plan Source: American Airlines Investor Relations Update, April 10, 2018. Aircraft Series Type 2018 2019 2020 A319-200 Narrowbody 125 125 125 A320-200 Narrowbody 48 48 48 A321-200 Narrowbody 219 219 219 A321neo Narrowbody - 22 47 737-800 Narrowbody 304 304 284 737 M
Slide 12: Airbus A321-200
Airbus A321-200 The Airbus A321 Has Wide Market Appeal The A321-200 variant continues to be an increasingly popular aircraft in the 180-230 seat category, outperforming the Boeing 737 in terms of fleet size, order growth and total order backlog The A321-200 benefits from airline up-gauging, as it ha
Slide 13: Airbus A330-200
Airbus A330-200 The Airbus A330-200 is a Key Long-haul Aircraft The A330-200 is an efficient mid-size wide-body aircraft, providing airlines with the ability to deliver right-sized lift between medium-sized markets Within American’s route network, the 247-seat A330-200 is the key long-haul aircraft
Slide 14: Slide 14