American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — IPO Roadshow (January 2016)
10 slides from American Airlines's IPO roadshow presentation, Jan 12, 2016
Slide 1: American Airlines, Inc. Series 2016-1 EETC Upsized Investor Presentation
American Airlines, Inc. Series 2016-1 EETC Upsized Investor Presentation January 2016 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,” “inten
Slide 3: Investor Presentation and offering notice
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: 2016-1 EETC Offering
2016-1 EETC Offering
Slide 5: American 2016-1 EETC
American 2016-1 EETC 5 • American Airlines, Inc. (“American”) intends to issue $1,074,350,000 in aggregate face amount of Pass Through Certificates, Series 2016-1 (“American 2016-1”), in three classes, as follows: ? Class AA: $584,374,000 ? Class A: $262,218,000 ? Class B: $227,758,000 • The proceed
Slide 6: 2016-1 EETC Structural Summary
2016-1 EETC Structural Summary Class AA Class A Class B Face Amount $584,374,000 $262,218,000 $227,758,000 Expected Ratings (Moody’s / S&P) Aa3 / AA A2 / A Baa3 / BBB Initial LTV / Maximum LTV1 39.0% / 39.5% 56.5% / 57.2% 71.7% / 72.6% Weighted Average Life 9.0 years 9.0 years 5.6 years Regular Dist
Slide 7: Key Structural Elements
Key Structural Elements American 2016-1 is structured similar to recent precedents Three Classes of Certificates Offered • Three classes of amortizing debt offered, each of which will benefit from a liquidity facility covering three semiannual interest payments Waterfall • Interest on Eligible Pool
Slide 8: Overview of the Collateral Pool
Overview of the Collateral Pool
Slide 9: Attractive Aircraft Pool
Attractive Aircraft Pool • American has obtained maintenance adjusted Base Value Desktop Appraisals from three appraisers (AISI, BK and mba) • Aggregate aircraft appraised value of approximately $1,498 million1 • Appraisals indicate collateral cushions as of the first regular distribution date of 60
Slide 10: Young and Diversified Portfolio
Young and Diversified Portfolio By Aircraft Type (% of base value)1 By Body Type (% of base value)1 777-300ER 11% A321-200 Widebody 787-8 38% 43% Narrowbody 32% 57% 737-800 19% By Delivery Date: 0.5 Years Average Age1,2 25.0% 20.0% 7.9% 15.0% 6.2% 6.3% 10.0% 3.2% 10.8% 13.9% 5.0% 6.8% 6.9% 7.0% 8.2%