United Airlines Holdings, Inc. · NASDAQ:UAL
United Airlines — IPO Roadshow (January 2019)
13 slides from United Airlines's IPO roadshow presentation, Jan 28, 2019
Slide 1: United Airlines Series 2019-1 EETC Investor Presentation
Update cover photo United Airlines Series 2019-1 EETC Investor Presentation January 28, 2019 Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-221865-01 Dated: January 28, 2019
Slide 2: Forward-looking statements
Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and
Slide 3: Registration statement and prospectus notice
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete informati
Slide 4: Offering of Pass Through Certificates, Series 2019-1
United Airlines, Inc. (“United”) intends to raise $1,013,070,000 through the offering of Pass Through Certificates, Series 2019-1 (the “Certificates”) Class AA face amount of $716,625,000 Class A face amount of $296,445,000 The proceeds from the offering will be used by United to finance 25 aircraft
Slide 5: United Series 2019-1 EETC structural summary
1 Initial LTV and Maximum LTV for the Class AA and Class A Certificates calculated as of August 25, 2019, the first Regular Distribution Date following the expected financing of all aircraft 2 Each series of Equipment Notes will mature on the Final Expected Distribution Date for the related class of
Slide 6: Two Classes of Certificates Offered
Two Classes of Certificates Offered Each class of Certificates will benefit from a liquidity facility covering three consecutive semi-annual interest payments Waterfall (same as United 2018-1) Same waterfall both before and after an event of default Interest on Preferred Pool Balance of the Class A
Slide 7: Aircraft collateral appraisals
United has obtained base value desktop appraisals from three appraisers (AISI, BK and mba) Aggregate aircraft appraised value of approximately $1,714 million(1). Appraisals available in the Preliminary Prospectus Supplement Appraisals indicate a minimum collateral cushion of 57.6% and 40.1% on the C
Slide 8: Liquid, high quality aircraft collateral
Liquid, high quality aircraft collateral United views the 737 MAX 9 as a good replacement for the aging Boeing 757-200 LEAP-1B engine combined with the MAX AT winglet, revised tail cone and 787 low-drag engine installation technology improve performance Fuel burn savings are estimated at 14% over th
Slide 9: The aircraft collateral
The aircraft collateral Source: United Airlines, Inc. Primary color – use for text and bullets R 0 G 34 B 68 R 0 G 34 B 68 R 127 G 127 B 127 R 237 G 183 B 43 R 98 G 168 B 227 R 87 G 44 B 95 R 0 G 34 B 68 R 0 G 89 B 179 R 205 G 32 B 44 R 237 G 183 B 43 R 98 G 169 B 227 R 68 G 1136 B 62 Use airline lo
Slide 10: Boeing 737 MAX liquidity / market update
The Boeing 737 MAX 9 is the largest variant of the 737 MAX family currently in production Large single-aisle, transcontinental range narrowbody aircraft High degree of commonality with other 737 MAX family aircraft CFM International LEAP is the single-engine type Same pilot pool and type rating A st
Slide 11: Boeing 787 family liquidity / market update
Boeing 787 family liquidity / market update Orders and deliveries for the three Boeing 787 variants total 1,403 aircraft from 73 customers 787-8 with 360 deliveries (since September 2011) 787-9 with 406 deliveries (since July 2014) 787-10 with 15 deliveries (since March 2018) The Boeing 787 is expec
Slide 12: Embraer E175 aircraft liquidity / market update
Embraer E175 aircraft liquidity / market update E175 LL aircraft delivered as 70 seat aircraft to United Same fuselage dimensions as other E175s Large cabin gives customers more comfort and overhead bin space 7.5 inch wider cabin vs competition New wingtip contributes to lower fuel consumption and m
Slide 13: Series 2016-1B EETC
Series 2016-1B EETC Investor Presentation October [23], 2017 Update photo