Group 1 - Bristow Group Inc. announced that its President and CEO, Chris Bradshaw, will participate in a fireside chat on September 4, 2024, at 11 a.m. Eastern Time [1] - The discussion will be led by James West, head of Evercore ISI's Oil Service, Equipment & Drilling research team [1] - Bristow Group is recognized as the leading global provider of innovative and sustainable vertical flight solutions, primarily serving offshore energy companies and government entities [2] Group 2 - The company's aviation services include personnel transportation, search and rescue (SAR), medevac, fixed-wing transportation, uncrewed air systems, and ad hoc helicopter services [2] - Bristow currently serves customers in various countries, including Australia, Brazil, Canada, and the U.S., among others [3]

INVESTORS WO KITCO MARK BRISTOW MINING // INVESTOR ORE KITCO MARK BRISTOW MINING Michael McCrae Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was cofounder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae. Share Disclaimer: The views expressed in ...

Wirestock/iStock Editorial via Getty Images Note: I have covered Bristow Group Inc. (NYSE:VTOL) previously, so investors should view this as an update to my earlier articles on the company. Last week, leading helicopter services provider Bristow Group or "Bristow" reported strong second quarter results, with both top-and bottom line results outperforming consensus expectations: Bristow Group - Key Financial Metrics | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------|------- ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2024 was $71.3 million, up from $47.5 million in Q1 2024, representing an increase of approximately $23.8 million [3][4] - Operating revenues increased by $23.1 million, primarily due to higher utilization and increased rates in offshore energy and Fixed Wing services [4] - The effective tax rate decreased to approximately 25% from 86% in the prior year, attributed to positive changes in the global mix of earnings [4][5] - Adjusted EBITDA guidance for 2024 was raised to $210 million to $230 million, and for 2025 to $230 million to $260 million [5][6] Business Line Data and Key Metrics Changes - The Offshore Energy Services (OES) business saw higher rates and utilization, particularly in Africa, which outperformed expectations [6][9] - The Fixed Wing business experienced higher yields in scheduled passenger transport and a short-term increase in charter activity [6] - Government Services faced availability penalties due to supply chain challenges, impacting overall performance [6][7] Market Data and Key Metrics Changes - The African market has shown significant improvement, with increased activity and customer returns, contributing to higher utilization levels [31][32] - The UK OES business benefited from higher ad hoc activity in the first half of 2024, although this is expected to decrease in the second half [6] - Global offshore spending is anticipated to increase significantly over the next several years, driven by positive industry fundamentals [9][10] Company Strategy and Development Direction - The company is in the early stages of a multi-year growth cycle, with a focus on government services and offshore energy [3][9] - Investments in new contracts, particularly for search and rescue operations, are expected to yield attractive long-term cash flow [8][9] - A disciplined capital allocation approach will prioritize maintaining a strong balance sheet while facilitating organic investments and potential shareholder returns [10][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing offshore energy upcycle, with breakeven economic thresholds well below current commodity prices [21] - Supply chain issues are expected to persist, impacting the Government Services business, but management has factored this into their guidance [14][15] - The company anticipates significant cash flows in the latter half of 2025 and beyond, supported by a strong balance sheet and liquidity position [10][26] Other Important Information - The company completed $157 million of a $300 million capital investment related to new search and rescue contracts as of July [7][8] - Available liquidity as of June 30 was $246 million, with adjusted free cash flow of $33 million generated in Q2 [8] Q&A Session Summary Question: Why was guidance not raised higher despite strong Q2 performance? - Management noted one-time items that benefited Q2 results and expressed confidence in ending the year strongly, with the new midpoint of guidance approximately 30% over 2023 [12][13] Question: What is driving increased visibility for 2025 guidance? - The primary driver for the 2025 guidance increase is the strong performance in Africa, which is expected to continue [13] Question: How long will availability penalties in Government Services last? - Penalties are driven by supply chain issues and are expected to continue, with management's guidance reflecting this expectation [14] Question: What is the expected cadence of aircraft investments? - Deliveries related to SAR contracts are expected over the next two quarters, with a significant drop-off in 2025 [15] Question: What are the current offshore helicopter utilization rates? - Effective utilization levels for relevant helicopter models are at or near 100%, with some idle airframes awaiting parts [17][18] Question: How significant is the risk of lower energy prices? - Management believes the offshore energy upcycle remains intact, with breakeven prices well below current levels [21] Question: What are the assumptions behind the unchanged 2026 targets? - The wide range for 2026 targets reflects the long-term nature of the business, with potential for bias towards the higher end if current trends continue [24] Question: What is the timing for fleet expansion? - The fleet is expected to grow over the next couple of years, with specific deliveries planned for SAR contracts [27][28] Question: What is the current state of the financing market? - The company has secured attractive financing terms for SAR contracts, with sufficient cash flows to manage capital expenditures [39][40] Question: What are the lead times for helicopter orders? - Lead times for super-medium helicopters are currently around 24 months or more, indicating a tight supply-demand balance [45][46]

HOUSTON, Aug. 6, 2024 /PRNewswire/ -- Total revenues of $359.7 million in Q2 2024 compared to $337.1 million in Q1 2024 Net income of $28.2 million, or $0.96 per diluted share, in Q2 2024 compared to net income of $6.6 million, or $0.23 per diluted share, in Q1 2024 EBITDA adjusted to exclude special items, asset dispositions and foreign exchange losses was $71.3 million in Q2 2024 compared to $47.5 million in Q1 2024(1) Increases 2024 Adjusted EBITDA outlook range to $210 million - $230 million and 2025 ou ...

| --- | --- | |------------------------------|-------| | | | | Investors Bristow Group Inc. | | | Jennifer Whalen | | | [email protected] | | | Media | | | Bristow Group Inc. | | | Adam Morgan | | | [email protected] | | HOUSTON, July 29, 2024 /PRNewswire/ -- Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will release its second quarter 2024 financial results after market close on Tuesday, August 6, 2024. In connection with the ...

Bristow Group Inc. (NYSE:VTOL) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Redeate Tilahun - Senior Manager of IR and Financial Reporting Christopher Bradshaw - President and CEO Jennifer Whalen - SVP and CFO Conference Call Participants James West - Evercore Joshua Sullivan - Benchmark Company Eddie Kim - Barclays David Smith - Pickering Energy Partners Xin Yu - Deutsche Bank Steven Silver - Argus Research Operator Good day, everyone, and welcome to Bristow Group Reports F ...

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, 2024 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 registra ...

Exhibit 99.1 PRESS RELEASE BRISTOW GROUP REPORTS FIRST QUARTER 2024 RESULTS AND ISSUES NEW FINANCIAL OUTLOOK Houston, Texas May 7, 2024 FOR IMMEDIATE RELEASE — Bristow Group Inc. (NYSE: VTOL) ("Bristow" or the "Company") today reported net income attributable to the Company of $6.6 million, or $0.23 per diluted share, for its quarter ended March 31, 2024 (the "Current Quarter") on operating revenues of $329.4 million compared to net loss attributable to the Company of $7.9 million, or $0.28 per diluted shar ...

Bristow Group Inc. (NYSE:VTOL) Q4 2023 Earnings Conference Call March 6, 2024 9:00 AM ET Company Participants Red Tilahun - Senior Manager of IR and Financial Reporting Christopher Bradshaw - President and CEO Jennifer Whalen - SVP and CFO Conference Call Participants Josh Sullivan - The Benchmark Company Steve Silver - Argus Research Operator Good day, everyone, and welcome to the Bristow Group Reports Fourth Quarter and Full Year 2023 Earnings Conference Call. Today's call is being recorded. [Operator Ins ...