Standardaero, Inc. · NYSE:SARO
Standardaero — Debt Investor Presentation (June 2007)
7 slides from Standardaero's debt investor presentation, Jun 19, 2007
Slide 1: Standard Aero Lenders' Presentation June 19, 2007
Standard Aero Lenders' Presentation June 19, 2007
Slide 2: Situation Overview
Situation Overview Standard Aero Holdings, Inc. ("Standard Aero", "SA" or the "Company") has agreed to purchase TSS Aviation, Inc. ("TSS") for approximately $65 million, plus fees and expenses of approximately $2 million The closing of the acquisition is expected on or about July 2nd The Company pla
Slide 3: Sources and Uses and Capitalization
Sources and Uses and Capitalization Sources and Uses ($ millions) Capitalization as of March 31, 2007 ($ millions) 1 Based on actual Adjusted EBITDA of $92.3 million for the 12 month period ended March 31, 2007 2 Based on estimated Adjusted EBITDA for TSS of $7.4 million for the 12 month period ende
Slide 4: TSS Aviation - Overview
TSS Aviation - Overview On May 8, 2007, Standard Aero agreed to purchase all the issued and outstanding capital stock of TSS Aviation, Inc. ("TSS") from its parent company, TSS Holdings, Inc., for approximately $65 million TSS Aviation, Inc. is a closely held concern based in Cincinnati, Ohio provid
Slide 5: TSS is a full service component overhaul facility for mid to large engine repairs
TSS is a full service component overhaul facility for mid to large engine repairs for OEM and airline shops that is fully aligned with the OEM GE: CF6-6, 50, 80, 80C, & 80E; CF 34-3 & 8; GE90; LM 1600, 2500, 5000 & 6000 CFMI: CFM 56-2, 3, 5, & 7 IAE: V2500 - A1/A5 & D5 P&W: PW 2000; PW 4000 94", 100
Slide 6: Acquisition Rationale
Build upon existing OEM relationships for repair development and production support Expand repair capability across several small - large engine markets Expand government component repair support Reduced future expansion costs Accelerated repair development & repatriation for current engines Combine
Slide 7: Historical Financials
Historical Financials 1 Adjusted EBITDA includes add back of non-recurring costs which include acquisition related expenses, loss provisions, professional fees, impairment charges and management fees 2 Pro forma combined Capital Expenditures in 2006 include one-time TSS facility expenditures of appr
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