American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — IPO Roadshow (July 2017)
10 slides from American Airlines's IPO roadshow presentation, Jul 31, 2017
Slide 1: American Airlines, Inc. Series 2017-2 EETC Upsize Investor Presentation
American Airlines, Inc. Series 2017-2 EETC Upsize Investor Presentation July 2017 Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-216167-01 July 31, 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 Upsize Offering
2017-2 EETC Upsize Offering
Slide 4: Transaction Overview
Transaction Overview American Airlines, Inc. (“American”) intends to issue $796,898,000 in aggregate face amount of Pass Through Certificates, Series 2017-2 (“American 2017-2”), in two classes, Class AA Certificates and Class A Certificates, collectively the “Certificates,” as follows: Class AA Cert
Slide 5: 2017-2 EETC Structural Summary
2017-2 EETC Structural Summary 1 Initial Loan to Value ratio (“LTV”) calculated as of April 15, 2018, the first regular distribution date after all aircraft are scheduled to have been delivered. Maximum LTV ratio calculated as of first regular distribution date. 2Each series of Equipment Notes will
Slide 6: Overview of the Collateral Pool
Overview of the Collateral Pool
Slide 7: Comparing 2017-2 to Existing Market Precedents
7 Comparing 2017-2 to Existing Market Precedents American Airlines 2016-31 American Airlines 2017-12 American Airlines 2017-2 Corporate Rating at Issuance (M / S / F) Ba3 / BB- / BB- Ba3 / BB- / BB- Ba3 / BB- / BB- Class AA Initial Principal Amount $557,654,000 $536,811,000 $544,644,000 Equipment No
Slide 8: Aircraft Pool
Aircraft Pool American has obtained maintenance adjusted Base Value Desktop Appraisals from three appraisers (AISI, BK and mba)1 Aggregate aircraft appraised value of approximately $1,433 million2 Appraisals indicate collateral cushions as of the first regular distribution date of 61.6% and 43.8% on
Slide 9: Young and Diversified Portfolio
Young and Diversified Portfolio 9 Aircraft Type Narrowbody / Widebody / Regional New Delivery / Vintage By Delivery Date: 0.4 Years Average Age1,2 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
Slide 10: Slide 10