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SEC Filings

BRISTOW GROUP INC filed this Form 8-K on 08/03/2018
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Slide 5

Our global footprint and strong liquidity profile position us well in an uneven recovery for offshore services Cost efficiencies Improving returns on capital Revenue growth Improved financial flexibility Continue to improve capital efficiency through the optimization of asset base; Q1 FY19 sale of three aircraft (proceeds of ~$7.4 million) Lease cost savings from the return of seven aircraft in Q1 FY19 with the ability to return an additional 18 during the remainder of FY19 Continued focus on cost reductions that are expected to lead to tangible improvement in FY19 financial results Pursuing alternatives to further reduce maintenance expense with both internal efficiencies and our OEM partners Successful FY18 refinancings lead to no financial maintenance covenants or near-term maturity risk New $75 million Asset-Backed Revolving Credit Facility closed in April After principal and interest payments of ~$40 million, liquidity of ~$342 million as of June 30, 2018 Short-cycle offshore market characterized by an uneven recovery both quarter to quarter and geographically Stronger than expected recovery in GoM and Africa with increasing seismic and exploration activity Signed an LOI for a long term contract starting in fiscal 2021

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