Latam Airlines Group Sa · BCS:LTM
Latam Airlines Group Sa — Shareholder Meeting (November 2022)
7 slides from Latam Airlines Group Sa's shareholder meeting presentation, Nov 15, 2022
Slide 1: Extraordinary Shareholders' Meeting
November 15, 2022 Extraordinary Roberto Alvo CEO Shareholders’ Meeting
Slide 2: LATAM filed a Plan of Reorganization with a capital increase of approximately US$10.3 billion
On November 26, 2021, LATAM filed a Plan of Reorganization that considered a capital increase of approximately US$10.3 billion to emerge from Chapter 11, which was approved by the court on June 18th and by shareholders on July 5th of the current year Capital increase ~US$10.3 BILLION NEW FUNDS CLAIM
Slide 3: Summary of the placement of the instruments approved in the Shareholders' Meeting
Summary of the placement of the instruments approved in the Shareholders’ Meeting With respect to the instruments that raised new funds (ERO¹, The remainder to be placed was Convertible Notes Series H and I), the results of the POP² and backstopped by the Backstop Parties: the creditors’ election we
Slide 4: Shareholder Structure as of the Record Date and Pro-Forma Shareholder Structure
Shareholder Structure as of the Record Date and Pro-Forma Shareholder Structure (if 100% of all 3 series of Convertible Notes were to be converted) 4
Slide 5: LATAM successfully emerged from Chapter 11 with improved cost and capital structures
On November 3rd, LATAM successfully emerged from Chapter 11 with improved cost and capital structures RCF Capacity RCF Capacity Cash Cash on on Balance Balance Sheet Sheet $2.2 +70% $1.1 $1.3 $1.1 At Filing PF At Emergence Note: May not sum due to rounding; 1 “At Filing” refers to 5/
Slide 6: Latest financial results illustrate the recovery path of operations
The latest financial results illustrate the recovery path that accompanies the continued recovery of the operations 6
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