United Airlines Holdings, Inc. · NASDAQ:UAL
United Airlines — IPO Roadshow (January 2018)
14 slides from United Airlines's IPO roadshow presentation, Jan 31, 2018
Slide 1: United Airlines Series 2018-1 EETC Investor Presentation
United Airlines Series 2018-1 EETC Investor Presentation January 31, 2018 Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-221865-01 Dated: January 31, 2018
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 2018-1
United Airlines, Inc. (“United” or “UAL”) intends to raise $935,140,000 through the offering of Pass Through Certificates, Series 2018-1 (the “Certificates”) Class AA face amount of $677,175,000 Class A face amount of $257,965,000 The proceeds from the offering will be used by United to finance 16 a
Slide 5: United Series 2018-1 EETC structural summary
1 Expected ratings included for all Certificates 2 Initial LTV and Maximum LTV for the Class AA and Class A Certificates calculated as of September 1, 2018, the first Regular Distribution Date following the expected delivery of all aircraft 3 Each series of Equipment Notes will mature on the Final E
Slide 6: Two Classes of Certificates Offered
Two Classes of Certificates Offered Each class of Certificates will benefit from a liquidity facility covering three consecutive semi-annual interest payments Waterfall Same waterfall both before and after an event of default Interest on Preferred Pool Balance of the Class A Certificates is paid ahe
Slide 7: Aircraft collateral list and values
Aircraft Aircraft Narrow / Registration Manufacturer's Engine MTOW Delivery Base Value ($mm) No. Type Widebody Number Serial Number Type (lbs) Date AISI BK mba LMM(1) 1 Boeing 737-800 Narrow N79541 63725 CFM56-7B27E/F 174,200 Sep-17 $49.22 $48.85 $47.38 $48.48 2 Boeing 737-800 Narrow N77542 63647 CF
Slide 8: Liquid, high quality aircraft collateral
Liquid, high quality aircraft collateral United can operate the Boeing 737-800 and Boeing 777-300ER aircraft at the highest MTOW - enhances mission capability, versatility and liquidity value Split scimitar winglets on United’s Boeing 737-800 and advanced technology winglets on United’s Boeing 737 M
Slide 9: The aircraft collateral
The aircraft collateral Note: Information provided by United Airlines 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 6
Slide 10: Boeing 737-800 liquidity / market update
Boeing 737-800 liquidity / market update Most liquid narrowbody to date, expected to remain the most liquid single-aisle well into the future Over 180 operators Popular among a good mix of mainline, charter and low-cost carriers Good regional distribution A favorite with the leasing community Most p
Slide 11: Boeing MAX family liquidity / market update
Boeing 737 MAX family liquidity / market update The Boeing 737 MAX family (MAX 7, MAX 8, MAX 9, MAX 10) is a LEAP re-engined development of the 737NG Key orders from large LCCs and major US carriers Lessors have already ordered approximately 800 aircraft Good regional distribution of orders Fuel bur
Slide 12: Boeing 787-9 liquidity / market update
Boeing 787-9 liquidity / market update The Boeing 787 will likely become the benchmark product in the small/midsize widebody sector The Boeing 787-9 and -10 are expected to be the most popular variants in time Well distributed between full service, low cost and charter airlines The Boeing 787-9 vari
Slide 13: Boeing 777-300ER liquidity / market update
Boeing 777-300ER aircraft characteristics 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 logos where ap
Slide 14: Series 2016-1B EETC
Series 2016-1B EETC Investor Presentation October [23], 2017