Q1 FY22 Earnings Presentation August 5, 2021 | --- | --- | --- | --- | --- | |-------|------------------------------|----------------------------------------|-------|-------| | | | | | | | | Q1 FY22 Earnings Call Agenda | | | | | I. | Introduction | Crystal Gordon SVP and General Counsel | | | | | II. Operational Highlights | Chris Bradshaw President and CEO | | | | | III. Financial Review | Jennifer Whalen SVP and CFO | | | | | IV. Concluding Remarks | Chris Bradshaw President and CEO | | | | | V. Question ...

Share Repurchase and Capital Management - In June 2021, the company repurchased 933,208 shares of common stock for a total of $25.1 million, averaging $26.89 per share, with $39.9 million remaining in the $75.0 million share repurchase program[106]. - An additional 547,596 shares were repurchased in July 2021 for $14.9 million, averaging $27.24 per share, leaving $25.0 million available in the share repurchase program[107]. - A bankruptcy preference claim settlement is expected to result in a $9.0 million cash payment to be recognized in the second fiscal quarter[110]. - The principal debt balance as of June 30, 2021, was $541.6 million, primarily consisting of 6.875% Senior Notes due in March 2028[165]. - The company has unfunded capital commitments of $86.0 million for helicopter purchases, with deliveries scheduled for fiscal year 2022[170]. Financial Performance - Operating revenues for the quarter ended June 30, 2021, were $288.4 million, an increase of 2.4% from $281.5 million in the preceding quarter[121]. - Total revenues for the current quarter were $300.6 million, up 2.5% from $293.3 million in the previous quarter[121]. - Operating revenues increased by $26.8 million, or 10.3%, to $288.4 million in the Current Quarter compared to $261.5 million in the Prior Year Quarter[138]. - Total revenues rose to $300.6 million, up 11.3% from $270.2 million in the Prior Year Quarter[138]. - The company reported a net loss of $14.2 million for the current quarter, a 66.5% improvement from a net loss of $42.4 million in the preceding quarter[121]. - Total revenues for the three months ended June 30, 2021, were $300.6 million, with a net loss attributable to Bristow Group of $5.2 million[175]. Operating Expenses and Losses - Operating expenses decreased by $3.8 million to $214.5 million in the current quarter, primarily due to lower personnel and maintenance costs[127]. - The company recognized a loss on impairment of $21.9 million during the current quarter, including $16.0 million related to Petroleum Air Services[130]. - Operating expenses increased by $26.9 million, or 14.4%, to $214.5 million in the Current Quarter compared to $187.6 million in the Prior Year Quarter[138]. - General and administrative expenses were reduced by $3.2 million in the current quarter, mainly due to lower compensation and professional services fees[128]. - General and administrative expenses rose by $2.1 million in the Current Quarter, mainly due to the impact of the Merger[145]. - Merger-related costs significantly decreased to $1.7 million in the current quarter from $16.5 million in the previous quarter[128]. - Merger-related costs decreased significantly to $1.7 million in the Current Quarter from $17.4 million in the Prior Year Quarter[146]. Cash Flow and Liquidity - Operating activities generated cash flows of $36.4 million in the current quarter, a significant improvement from cash used of $6.9 million in the prior year quarter[157]. - Changes in working capital provided cash flows of $2.5 million in the current quarter, compared to cash used of $29.3 million in the prior year quarter[158]. - Cash paid for interest expense decreased to $1.2 million from $8.3 million in the prior year quarter, while cash paid for income taxes increased to $3.0 million from $2.3 million[159]. - Net cash provided by investing activities was $6.8 million in the current quarter, a decrease from $149.1 million in the prior year quarter[160]. - Net cash used in financing activities was $27.7 million in the current quarter, down from $78.2 million in the prior year quarter[160]. - As of June 30, 2021, the company had $244.7 million in unrestricted cash and $54.1 million available under its asset-backed revolving credit facility, totaling $298.8 million in liquidity[162]. - Approximately 77% of the total cash balance was held outside the U.S. as of June 30, 2021, primarily to meet the liquidity needs of non-U.S. operations[163]. Market and Service Overview - The offshore oil and gas market is highly cyclical, with demand closely tied to oil and gas prices, which fluctuate based on global economic activity and inventory levels[112]. - The company provides SAR services in the U.K. on behalf of the Maritime & Coastguard Agency and aviation services to various government agencies globally[113]. - The company diversifies earnings by leasing helicopters to operators in international markets, allowing access to new markets without significant infrastructure investment[114]. - Revenues from oil and gas services in the Americas increased by $18.1 million, primarily due to the impact of the Merger[142].

| --- | --- | --- | --- | --- | |-------|----------------------------------|-------|-------|-------| | | | | | | | | | | | | | | J.P. Morgan 2021 Energy, Power & | | | | | | | | | | | | | | | | | | | | | | | | Renewables Conference | | | | | | | | | | | | June 23, 2021 | | | | Cautionary Statement Regarding Forward-Looking Statements 2 This presentation contains "forward-looking statements." Forward-looking statements represent Bristow Group Inc.'s (the "Company") current expectations or forecasts of future ...

Exhibit 99.2 Q4 and FY21 Earnings Presentation May 27, 2021 Q4 and FY21 Earnings Call Agenda I. Introduction Crystal Gordon SVP and General Counsel II. Operational Highlights Chris Bradshaw President and CEO III. Financial Review Jennifer Whalen SVP and CFO IV. Concluding Remarks Chris Bradshaw President and CEO V. Questions & Answers 2 Cautionary Statement Regarding Forward-Looking Statements 3 This presentation contains "forward-looking statements." Forward-looking statements represent Bristow Group Inc.' ...

Bristow Group Inc. (NYSE:VTOL) Q4 2021 Results Conference Call May 27, 2021 10:00 AM ET Company Participants Crystal Gordon - SVP and General Counsel Chris Bradshaw - President and CEO Jennifer Whalen - SVP and Chief Financial Officer Conference Call Participants James West - Evercore Jason Stankowski - Clayton Partners LLC Brian Joseph - Empyrean Capital Partners John Deysher - Pinnacle Value Fund Operator Good day, and welcome to the Bristow Group Fourth Quarter and Full Fiscal Year 2021 Results Conferenc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ________________________________________ ANNUAL REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35701 Brist ...

Bristow Group, Inc. (BRS) Q3 2021 Earnings Conference Call February 3, 2021 8:00 AM ET Company Participants Crystal Gordon - SVP & General Counsel Christopher Bradshaw - President, CEO & Director Jennifer Whalen - SVP & CFO Conference Call Participants Jason Stankowski - Clayton Partners John Deysher - Bertolet Capital Operator Good day, and welcome to the Bristow Group Fiscal Q3 2021 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Cry ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________ FORM 10-Q ________________________________________ (Mark One) Commission File Number 001-35701 Bristow Group Inc. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) 3151 Briarpark Drive, Suite 700 Houston, Texas 77042 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________ FORM 10-Q ________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35701 Bristow Group Inc. (Exact name of registran ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________________________ FORM 10-Q ________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to_________ Commission file number 1-35701 Era Group ...