American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — IPO Roadshow (September 2017)
18 slides from American Airlines's IPO roadshow presentation, Sep 26, 2017
Slide 1: American Airlines, Inc. Series 2017-2 EETC Class B Investor Presentation
American Airlines, Inc. Series 2017-2 EETC Class B Investor Presentation September 2017 Issuer Free Writing Prospectus Filed Pursuant to Rule 433(d) Registration No. 333-216167-01 September 26, 2017
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: 2017-2 EETC Class B Offering
2017-2 EETC Class B Offering
Slide 4: American 2017-2 EETC Class B Transaction Overview
American 2017-2 EETC Class B Transaction Overview American Airlines, Inc. (“American”) intends to issue $220,723,000 in aggregate face amount of Pass Through Certificates, Series 2017-2 Class B (“American 2017-2 Class B” or “Certificates”) The proceeds from the 2017-2 offering will be used to financ
Slide 5: 2017-2 Class B Structural Summary
2017-2 Class B Structural Summary 1Actual ratings included for Class AA and Class A Certificates, and expected ratings included for Class B Certificates. 2Unless otherwise noted, information for the Class AA and A Certificates provided as of August 14, 2017, which was the date of issuance for Class
Slide 6: Key Structural Elements
Key Structural Elements1 One Class of Certificates Offered One tranche of amortizing debt which will benefit from a liquidity facility covering three semi-annual interest payments Waterfall Interest on Eligible Pool Balance of the Class B Certificates is paid ahead of principal on the Class AA and C
Slide 7: Overview of the Collateral Pool
Overview of the Collateral Pool
Slide 8: 2017-2 Aircraft Pool
2017-2 Aircraft Pool Aggregate aircraft appraised value of approximately $1,433 million1 from three appraisers (AISI, BK and mba)2 Appraisals indicate collateral cushion as of the first principal payment date for the Class B Certificates (after the Class B issuance) of 28.2% on the Class B Certifica
Slide 9: Young and Diversified Portfolio
Young and Diversified Portfolio1 1Calculated by LMM of the base value of the aircraft as appraised. In the case of the Embraer ERJ 175 LR aircraft, such appraisals indicate the appraised base value of such Aircraft, and are adjusted to reflect the maintenance status of such Aircraft or otherwise tak
Slide 10: Collateral Aircraft Assessment
Collateral Aircraft Assessment Considered the most liquid narrowbody to date Over 4,300 in operation with more than 170 operators, with a backlog of 670 aircraft – very popular among mainline, charter and low-cost carriers, good regional distribution, and a favorite with the leasing community Over t
Slide 11: Investing in our product: new aircraft deliveries
Investing in our product: new aircraft deliveries 2017 2018 2019 Beyond 2019 Total A320 Family / Neo 20 - 25 75 120 A350-900 - - - 22 22 B737-800 / Max 24 16 20 60 120 B787 Family 13 6 2 - 21 Mainline Total 57 22 47 157 283 E175 16 - - - 16 Regional Total 16 - - - 16
Slide 12: Boeing 737-800
Boeing 737-800 Considered the most liquid narrowbody to date Over 4,300 in operation with more than 170 operators, with a backlog of 670 aircraft – very popular among mainline, charter and low-cost carriers, good regional distribution, and a favorite with the leasing community Over the last decade,
Slide 13: Boeing MAX
Boeing 737 MAX 8 The MAX 8 could replicate the 737-800’s status as the most liquid narrowbody Provides continuity of the best-selling 737, with the CFM International Leap as the single-engined type Fuel burn savings are now estimated at 14% over the 737NG, up by 1% over the initial target 8% more fu
Slide 14: MAX Advances the Success of the Family
737 MAX Advances the Success of the 737 Family Source: Boeing as of 2Q 2017. 1980 2020 2000 1990 2010 1985 1995 2005 2015 Next-Generation 737 First Delivery 1998 737 MAX First Delivery 2017 6% Fuel reduction 2010 Boeing Sky Interior 2017 New Engine & AT Winglet 737 Classic First Delivery 1984 Fuel r
Slide 15: Boeing 787-9
Boeing 787-9 Source: Ascend Market Commentary and Boeing as of 2Q 2017. 1Includes both 787-9 and 787-10 aircraft. With a predicted demand of over 5,300 widebody jetliners over the next 20 years, the Boeing 787 is well positioned to become the benchmark product in a growing sector of the industry Ove
Slide 16: Range of Boeing 737-800, Max and 787-9
Range of Boeing 737-800, 737 Max 8 and 787-9 Source: Boeing and American Airlines. Range capability from Dallas
Slide 17: Embraer ERJ 175 LR
Embraer ERJ 175 LR In-service fleet of over 580 aircraft, backlog of 80 Demand for Embraer ERJ 175 LR aircraft has been strong as major U.S. airlines placed significant new orders and contracts for 76-seaters to replace 50-seaters, as a result of new scope clause agreements American, United, Alaska
Slide 18: Slide 18