Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — IPO Roadshow (March 2019)
12 slides from Delta Air Lines's IPO roadshow presentation, Mar 6, 2019
Slide 1: Delta Air Lines, Inc. 2019-1 EETC Investor Presentation
Delta Air Lines, Inc. 2019-1 EETC Investor Presentation March 6, 2019 Issuer Free Writing Prospectus Filed Pursuant to Rule 433(d) Registration No. 333-230087 March 6, 2019
Slide 2: Safe Harbor Statement
Safe Harbor Statement This Investor Presentation contains various projections and other forward-looking statements which represent Delta’s estimates or expectations regarding future events. All forward-looking statements involve a number of assumptions, risks and uncertainties, many of which are bey
Slide 3: Transaction Overview
Transaction Overview Delta Air Lines, Inc. (“DAL” or “Delta”) intends to raise $500,000,000 through the offering of two classes of Pass Through Certificates, Series 2019-1 (the “Certificates” or “DAL 2019-1”) Class AA face amount of $425,000,000 Class A face amount of $75,000,000 The Equipment Notes
Slide 4: Summary of the Certificates Offering
(1) Initial LTV for each of Class AA and Class A calculated as of March 13, 2019, which is assumed to be the Closing Date. Max LTV is calculated as of October 25, 2023, which is assumed to be the last regular distribution date preceding the Final Expected Distribution Date. (2) The Final Legal Distr
Slide 5: Key Structural Elements
Key Structural Elements Two Classes of Certificates Class AA and Class A Certificates will each have bullet maturities Each class of Certificates will benefit from a separate Liquidity Facility covering three semiannual interest payments Additional Certificates(1) Delta retains the option to issue a
Slide 6: Aircraft Collateral Summary
Aircraft Collateral Summary (1) Appraised value is calculated using the lesser of the median and mean (“LMM”) values of each aircraft as appraised by Aircraft Information Services, Inc. (“AISI”), Morten Beyer & Agnew, Inc. (“mba”) and BK Associates, Inc. (“BK”). An appraisal is only an estimate of v
Slide 7: 2019-1 Collateral Fleet
2019-1 Collateral Fleet High quality, recently delivered (2018) aircraft collateral with long term strategic importance to Delta Diversified mix of narrowbody and widebody aircraft, including Delta’s newest small narrowbody (the A220-100) and largest widebody (the A350-900) aircraft Aircraft Type By
Slide 8: Strategic Importance to Delta
Strategic Importance to Delta Airbus A321-200 Boeing 737-900ER Airbus A350-900 Airbus A220-100 130 of these aircraft on order/delivered validates strategic importance in the Delta fleet 2,800 mile range efficiently replaces the vast majority of Boeing 757-200 missions Relatively low seat mile costs
Slide 9: A220-100 Aircraft Characteristics
A220-100 Aircraft Characteristics A220 features fuel efficient PW1519G engines Aircraft configured with 109 total seats 12 First Class recliner seats with high resolution 13.3" In-Flight Entertainment (“IFE”) 15 Delta Comfort+ seats with high resolution 10.1" IFE 82 Main Cabin seats with high resolu
Slide 10: A321-200 Aircraft Characteristics
A321-200 Aircraft Characteristics Delta’s A321-200 offers 34 more seats than the A320 and has more than 400 miles of additional range These aircraft feature CFM56-5B3 engines with 33,000 lbs of thrust A321-200 aircraft are configured with 191 total seats 20 First Class recliner seats with high resol
Slide 11: 737-900ER Aircraft Characteristics
737-900ER Aircraft Characteristics The Boeing 737-900ER extends the Boeing 737NG family to 180 seats and offers more premium seats compared to the 737-800 Aircraft configured with 180 total seats 20 recliner seats in the First Class cabin with high resolution 11" IFE 21 Delta Comfort+ seats with hig
Slide 12: A350-900 Aircraft Characteristics
A350-900 Aircraft Characteristics A350-900 has an 8,000 mile range, state-of-the-art customer comfort and Trent XWB-84 engines Aircraft configured with 306 total seats 32 Delta One suites with flat-bed seats and high resolution 18" IFE 48 Delta Premium Select seats with high resolution 13" IFE 36 De