Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference 2019
12 slides from Delta Air Lines's conference presentation, Jun 4, 2019
Slide 1: Delta: Leading the Way
Delta: Leading the Way Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference June 4, 2019
Slide 2: Safe Harbor
Safe Harbor Statements in this presentation that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections or strategies for the future, may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995
Slide 3: Delta is an Exceptional, Trusted Consumer Brand
Delta is an Exceptional, Trusted Consumer Brand “A brand is the intangible sum of a product’s attributes.” - David Ogilvy 6 Source: W2O Group, April 2019 2
Slide 4: Delta is Uniquely Positioned to Meet Growing Demand for Experiences
Delta is Uniquely Positioned to Meet Growing Demand for Experiences Consumers increasingly look for connections to other people, places, and cultures Industry passenger demand growing Experiential services are driving growth – faster than GDP particularly air & foreign travel Growth in Personal Cons
Slide 5: Increasingly Diversified Top Line Improves Resiliency
Increasingly Diversified Top Line Improves Resiliency Momentum across the business with less reliance on Main Cabin product Total Revenue Components • Larger portion of our revenue is now generated by more diverse, higher-margin 2018 revenue streams 31% 2011 Main Cabin • Since 2011, both premium tic
Slide 6: Strong Delta Brand Underpins Long-Term Relationship with American Express
Strong Delta Brand Underpins Long-Term Relationship with American Express More resilient co-brand revenue stream tied to consumer spending trends Delta-Amex Contribution • New multi-year agreement through 2029 sets stage to create industry’s most valuable co-brand Nearly $7.0B portfolio ‒ Expect ben
Slide 7: Delta Again in 2017 Supports Balanced Capital Allocation
Delta StrongDelivers Again Financial in 2017 Supports Balanced Capital Allocation Performance Running a reliable, customer-focused airline is producing strong profits and cash flows, allowing for improved balance sheet strength and increased return of capital to shareholders Pre-Tax Income Free Cash
Slide 8: The Delta Difference
The Delta Difference Top-Line Growth Culture Global Fortress Margin Expansion + Network Balance Sheet Balanced Capital Operational Customer Allocation Reliability Loyalty Unmatched Competitive Long-Term Value A Powerful Brand Advantages Creation 7
Slide 9: Keep Climbing
&A KEEP CLIMBING ADELTA 4
Slide 10: Non-GAAP Reconciliations
Non-GAAP Reconciliations Non-GAAP Financial Measures The following tables show reconciliations of non-GAAP financial measures. The reasons Delta uses these measures are described below. Reconciliations may not calculate due to rounding. Delta sometimes uses information ("non-GAAP financial measures"
Slide 11: Non-GAAP Reconciliations
Non-GAAP Reconciliations Free Cash Flow We present free cash flow because management believes this metric is helpful to investors to evaluate the company's ability to generate cash that is available for use for debt service or general corporate initiatives. Adjustments include: Net purchases of shor
Slide 12: Non-GAAP Reconciliations
Non-GAAP Reconciliations Adjusted Debt to EBITDAR We present adjusted debt to EBITDAR because management believes this metric is helpful to investors in assessing the company’s overall debt profile. Adjusted debt includes operating lease liabilities. We calculate EBITDAR by adding depreciation and a
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