Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — IPO Roadshow (March 2020)
11 slides from Delta Air Lines's IPO roadshow presentation, Mar 4, 2020
Slide 1: 2020-1 EETC Investor Presentation
Delta Air Lines, Inc. 2020-1 EETC Investor Presentation March 4, 2020 Issuer Free Writing Prospectus Filed Pursuant to Rule 433(d) Registration No. 333-230087 March 4, 2020
Slide 2: Safe Harbor Statement
Safe Harbor Statement This Investor Presentation contains various 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 beyond Delta’s control, t
Slide 3: Transaction Overview
Transaction Overview Delta Air Lines, Inc. (“DAL” or “Delta”) intends to raise $1,000,000,000 through the offering of two classes of Pass Through Certificates, Series 2020-1 (the “Certificates” or “DAL 2020-1”) Class AA face amount of $795,894,000 Class A face amount of $204,106,000 The Equipment No
Slide 4: Summary of the Certificates Offering
The Initial LTV for each of Class AA and Class A is as of the Closing Date, and the Maximum LTV for each of Class AA and Class A is as of June 10, 2020. The LTV for the Class A Certificates includes the face amount of the Class AA Certificates. The Final Legal Distribution Date for each class of Cer
Slide 5: Key Structural Elements
Key Structural Elements Other Structural Considerations Two Classes of Certificates Offered Each class of Certificates will benefit from a separate Liquidity Facility covering three semi-annual interest payments Delta retains option to issue additional subordinated classes of Certificates at any tim
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”), BK Associates, Inc. (“BK”), and Morten Beyer & Agnew, Inc. (“mba”) as of February 1, 2020. An appraisal
Slide 7: 2020-1 Collateral Fleet Breakdown
Introduction 2020-1 Collateral Fleet Breakdown Delta has obtained desktop appraisals from three appraisers (AISI, BK and mba) Liquid, high quality aircraft collateral consisting of a diversified mix of narrowbody and widebody aircraft with strategic importance to Delta 22 aircraft are scheduled to b
Slide 8: Strategic Importance to Delta
Strategic Importance to Delta Airbus A321-211 Boeing 737-932ER Airbus A330-302 130 Boeing 737-900ER aircraft delivered validates strategic importance to the Delta fleet 2,800 mile range efficiently replaces more than 90% of Boeing 757 missions Outstanding seat mile costs and operational reliability
Slide 9: Airbus A321-211 aircraft overview
Delta’s A321-211 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 A321-211 aircraft are configured with 191 total seats: 20 First Class recliner seats with high resolution 11" IFE 29 Delta Comfort+ s
Slide 10: Boeing 737-932ER aircraft overview
The Boeing 737-932ER has 180 seats, increasing seat numbers compared to other 737-NG models, and offers more premium seats compared to Boeing 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 high r
Slide 11: Airbus A330-300 aircraft overview
A330-300 is one of the pillars of Delta’s widebody fleet with over 5,500 mile range, Delta One cabin for leading customer comfort, and a combination of PW4000 and CF6-80E1 engines Aircraft configured with 293 total seats: 34 Delta One seats with flat-bed design, 110v+USB power and 15.4" IFE 40 Delta