American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — IPO Roadshow (September 2014)
24 slides from American Airlines's IPO roadshow presentation, Sep 2, 2014
Slide 1: 2014-1 EETC Investor Presentation
2014-1 EETC Investor Presentation American Airlines, Inc. September 2014 Strictly Private and Confidential
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 Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend
Slide 3: This highlights basic information about the issuer and this offering. Because it is a
This Investor Presentation highlights basic information about the issuer and this offering. Because it is a summary, it does not contain all of the information that you should consider before investing. The issuer has filed a registration statement (including a prospectus) with the SEC for the offer
Slide 4: EETC Offering
EETC Offering
Slide 5: American Airlines 2014-1 EETC
American Airlines 2014-1 EETC American Airlines, Inc. (“American”) intends to issue $956,884,000 in aggregate face amount of Pass Through Certificates, Series 2014-1 (“American 2014-1”), in two classes, in its inaugural EETC since the December 9, 2013 parent company merger: - Class A: $741,460,000 -
Slide 6: American 2014-1 EETC Structural Summary
American 2014-1 EETC Structural Summary Class A Class B Face Amount $741,460,000 $215,424,000 Expected Ratings (S&P / Fitch) A/ A BBB-/ BBB-Initial LTV1 54.2% 69.7% Expected Maximum LTV 2 54.2% 69.7% Initial Average Life (in years) 8.4 5.4 Regular Distribution Dates April 1 and October 1 April 1 and
Slide 7: Key Structural Elements
Key Structural Elements American 2014-1 is structured similar to recent precedents Two Classes of Certificates Offered Two tranches of amortizing debt offered, each of which will benefit from a liquidity facility covering three semi-annual interest payments Waterfall Interest on the Eligible Pool Ba
Slide 8: Overview of the Collateral Pool
Overview of the Collateral Pool
Slide 9: Attractive Aircraft Pool
Attractive Aircraft Pool American has obtained Base Value Desktop Appraisals from three appraisers (AISI, BK and mba) Aggregate aircraft appraised value of approximately $1,348 million1 Aircraft Aircraft Manufacturer’s Registration Body Engine MTOW Month of Base Value Number Type Serial Number Numbe
Slide 10: Young and Diversified Portfolio
Young and Diversified Portfolio1 By Aircraft Type (% of base value) By Body Type (% of base value) A321-200 27.2% B777-300ER Narrowbody 59.2% Widebody 40.8% 59.2% A319-100 13.6% By Delivery Date: 1.0 Years Average Age2 50% 40% 30% 20% 10% 0% 2012 2013 2014 1 By LMM Base Value. 2 As of September 16,
Slide 11: Aircraft Statistics & Role in American's Fleet
Aircraft Statistics & Role in American’s Fleet Key Manufacturer Statistics Number in Operation: 1,408 Number on Order: 93 A319-100 Number of Operators: 102 Flies “hot and high” and high frequency, smaller routes for American “Modern Options and Style in Every Cabin” Key Manufacturer Statistics Numbe
Slide 12: The Selected Aircraft Play an Integral Role in American's Re-fleeting Objectives
The Selected Aircraft Play an Integral Role in American’s Re-fleeting Objectives American will have one of the most modern and fuel-efficient fleets in the industry American Airlines Order Book: 2014 2015 2016 2017 2018 Beyond 2018 Total A320 Family 35 30 25 20 110 A320 Family Neo 10 25 95 130 B737
Slide 13: A319: A High Frequency Workhorse
A319: A High Frequency Workhorse • Personal-seat entertainment featuring screens at every seat • Wi-Fi capability • Universal AC power outlets and USB power at every seat • Specially designed Main Cabin Extra seating offering more legroom and comfort 19 currently in American’s fleet, 93 in US Airway
Slide 14: A321T: Comfort Coast to Coast
A321T: Comfort Coast to Coast • American started its A321 Transcontinental Service on January 7, 2014, providing the first three-class coast-to-coast service with features including: • Fully lie-flat First and Business class seats • All-aisle access in First Class • Main Cabin Extra seating • Wi-Fi
Slide 15: A321T: Key Feature for New American Advertising
A321T: Key Feature for New American Advertising 15
Slide 16: A321T: Key Feature for New American Advertising
A321T: Key Feature for New American Advertising 16
Slide 17: B777-300ER: Newest International Aircraft
B777-300ER: Newest International Aircraft • Flies key international routes for American to and from major cities: • Dallas (DFW) to / from London (LHR) • Dallas (DFW) to / from Sao Paulo (GRU) • Los Angeles (LAX) to / from London (LHR) • New York (JFK) to /from London (LHR) • New York (JFK) to / fro
Slide 18: American Airlines
American Airlines Corporate Update
Slide 19: American Airlines Group Q2 Overview
American Airlines Group Q2 Overview Second quarter profit* of $1.5 billion – Best quarter in American history Ended Q2 with $10.3 billion in total cash and short-term investments Announced program to: - Prepay debt - Increase pension contributions - Repurchase shares of American - Pay a quarterly di
Slide 20: Merger Created a More Competitive Network
Merger Created a More Competitive Network Market Share of ASM within the Continental US #4 #4 #5 + #3 #1 #1 #6 #5 #3 Low Share High Share 20
Slide 21: Post-Merger American Airlines Group is the World's Largest Airline
Post-Merger American Airlines Group is the World’s Largest Airline1 Source: American Airlines 1 As measured by revenue passenger miles and available seat miles. 21
Slide 22: Integration Update: Early Results Encouraging
Integration Update: Early Results Encouraging • Combined operations at 72 airports • Introduced select reciprocal frequent flyer benefits • Aligned inflight services for First and Business Class • US Airways joined trans-Atlantic Joint Business Agreement with British Airways, Iberia, and Finnair • U
Slide 23: Appendix
Appendix
Slide 24: GAAP to non-GAAP Reconciliation
GAAP to non-GAAP Reconciliation 3 Months Ended 6 Months Ended American Airlines Group Inc. Combined (1) June 30, June 30, 2014 2013 2014 2013 Reconciliation of Income Before Income Taxes Excluding (In millions, except per share amounts) (In millions) Special Items Income before income taxes as repor