Transat A.t. Inc. · TSX:TRZ
Transat A.t — Merger or Acquisition (November 2023)
8 slides from Transat A.t's merger presentation, Nov 28, 2023
Slide 1: Transformative Joint Venture Benefiting Canadian Travellers
Transat and Porter Airlines Transformative Joint Venture Benefiting Canadian Travellers November 28, 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements with respect to the Corporation, collective bargaining and labour disputes, pension issues, maintaining insurance coverage at including those regarding its results, its financial position and its outlook for the
Slide 3: Overview of Joint Venture Agreement
Overview of Joint Venture Agreement ▪ Enhance customer experience by providing a wider range of opportunities for travellers • Enables Transat and Porter to grow sales through increased volume of connecting flights and cross-selling opportunities ▪ Directly aligned with Transat’s strategy to grow cu
Slide 4: 1. Deal Rationale
1. Deal Rationale ▪ Joint venture (“JV”) represents a natural next step in Transat-Porter relationship • Transat joined forces with Porter in October 2022 through code-sharing agreement • Code-sharing generated more than 60,000 additional passengers for Transat in fiscal 2023 • JV will enable coordi
Slide 5: 1. Deal Rationale (continued)
1. Deal Rationale (continued) ▪ Porter will act as feeder network for Transat’s flights • Passengers fly to Toronto Pearson/ Montreal-Trudeau with Porter, then continue journey overseas on Air Transat • Porter loyalty program member can exchange points for Transat flights ▪ Transat will offer Porter
Slide 6: 1. Deal Rationale (continued)
1. Deal Rationale (continued) Seamless Customer Experience Consumers Benefits ▪ More choices for consumers: a quality alternative to the current offering for travel to Canada, US, Europe and Latin America Montreal ▪ Savings in travel time; with Toronto Paris better connections, and better Connecting
Slide 7: 2. Structure of the Agreement
2. Structure of the Agreement ▪ Agreement extends over 10-year period • Effective immediately and will unfold progressively ▪ Agreement does not involve creation of new entity or material investments • On a short-term basis, mainly spending on IT infrastructure required ▪ JV governed by committee wi
Slide 8: 3. Expected Benefits
3. Expected Benefits ▪ Implementation extending throughout 2024 and beyond • Increased traffic from Porter’s connecting flights will be progressive • Should gain momentum as travellers discover possibilities of broader network and combined offering ▪ At full potential • Porter connecting flights are