GECAS. Imagination at work.

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Hubert Hawkins
8 years ago
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1 GECAS Imagination at work.

2 About us

3 GE today GE Energy Aviation Home & Business Solutions Power & Water Healthcare GE Capital Oil & Gas Transportation Aviation Services Capital Americas Capital International Energy Financial Services Healthcare Financial Svcs Energy Management 1

4 GE Capital Aviation Services Premier Player. Global Reach. Deep Industry Expertise. Industry s broadest range of business solutions Aircraft and Helicopter Financing Asset Backed Lending Engine Leasing Asset Management Services (Parts) Aviation Consultancy Key statistics 500+ employees worldwide 75+ countries 2,150+ 1,800+ fixed wing/~300 rotary in operation or on order 2

Industry s only full life cycle provider Scale Fleet Financing Services Global Footprint Narrow Body Aircraft Leasing Engine Leasing Local Presence Wide Body Structured Deals Spare Parts Long Tenured

5 Industry s only full life cycle provider Scale Fleet Financing Services Global Footprint Narrow Body Aircraft Leasing Engine Leasing Local Presence Wide Body Structured Deals Spare Parts Long Tenured Team 45+ yr Track Record Regional/Turbo Air Cargo Helicopters Container Ships Secured Debt Capital Markets Investor Servicing AA+ Credit Rating Airport/Airline Consulting Infrastructure Fund Technical Ops GECAS. A business on the move. Keeping the world on the move. 3

6 Scale

7 Global distribution network 26 offices 75+ countries 14 offices serving emerging markets 270+ customers 45 years of experience

20 years as the industry leader Formed in 1993 1999 2000 2002 2006 2010 2011-2012 2013 2015 Engine leasing PK AirFinance acquired First order for 777 Regional jets Freighter conversion Memphis

8 20 years as the industry leader Formed in Engine leasing PK AirFinance acquired First order for 777 Regional jets Freighter conversion Memphis Group acquired AviaSolutions investment Africa office opened A320neo, Boeing MAX and ATR-72 ordered 787 Dreamliners ordered Boeing delivers 350th 737 to GECAS Helicopters Milestone acquisition 6

9 Fleet

10 Investing in the newest technology One of the largest portfolios of fixed wing aircraft in the world 8

11 Industry s broadest range of fleet options Narrowbodies, turboprops, regionals A320 ceo A320 neo 737 NG Embraer E190 ATR MAX Bombardier Q400 Bombardier CRJ

12 Industry s broadest range of fleet options Widebodies Airbus A330 Airbus A350 Boeing ER Boeing 787 Dreamliner

13 Industry s broadest range of fleet options Freighters 777 Freighter 767 Freighter Freighter

14 Modern fleet. Global reach. Full array of products. Aircraft type Regions Products % % % 79 Source: GECAS Risk Dept July

15 Financing

16 Full range of financing and servicing solutions Deep industry expertise with multiple financial products and service offerings. Operating Leases Purchase Leasebacks Secured Loans Restructurings Aircraft Servicing 13

17 Benefits of Leasing for Operators Service Philosophy & Specialization Operators have an increasing preference for leased aircraft Now account for ~40% of the commercial fleet Percentage is higher for narrowbody aircraft Product Life Cycle Support Leasing eliminates residual value exposure for operators, which: Assists airlines with the process of bringing new aircraft into service Improves flexibility for mature aircraft fleet exit planning Financial Benefits Provides a long-term financing solution covering 100% of the asset value at a competitive a cost. The solution can be committed to years prior to delivery providing visibility and ease of planning Operators avoid the large capital investment and cash outflows required for an outright purchase. The benefit is amplified by the increasing aircraft unit cost with the latest generation aircraft Leasing improves liquidity management and creates flexibility through matching cash inflows (revenue generated from the host aircraft) with predictable periodic cash outflows (lease rentals) /17

18 Services

19 Assignment Secured Aircraft and Engine Lending Airline Loan PK AirFinance Secured by both new and used aircraft, senior and junior loans to airlines and investors are provided through our PK AirFinance unit. Loan Investor Loan Loan Leas e Airline PK AirFinance Special Purpose Company Airline Mortgage Mortgage Equity Investor Senior Mortgage Loans Full payout loans Balloon loans Non-recourse loans Syndicated loans Finance Leases Conditional Sales Stand-by Facilities Asset Value Guarantees Purchase of Loans We include features such as: Floating/Fixed Interest Rate Mixed Currencies Limited Recourse Early Termination & Extension Options To structure an optimal solution for every transaction, we consider: Accounting & Tax Treatment Legal Structure Asset, Credit, Currency and Interest Rate Risks Seasonal Cash Flows GE Proprietary. Not For Further Distribution

Engine Leasing Provides spare engine solutions to customers around the globe with over 450 owned and serviced GE, CFMI, Rolls-Royce, Pratt & Whitney, and IAE engines With a full range of operational

20 Engine Leasing Provides spare engine solutions to customers around the globe with over 450 owned and serviced GE, CFMI, Rolls-Royce, Pratt & Whitney, and IAE engines With a full range of operational and financial services including: Short-term rentals (generally 2 days to 9 mos) Operating leases Engine sale & leaseback, and structured long-term financing Engine exchanges: Trade run-out engine for ready-toinstall engine Engine servicing: providing asset management and marketing services to investors

21 Asset Management Services Spares Distribution Provides highest quality & competitive pricing of recertified rotables and repairables for outright sale or exchange Supply Chain Mgmt Programs include; Guaranteed Price & Availability, Component Purchasing, and Initial Provisioning Programs Acquisitions AMS actively pursues aircraft & inventory purchases for the Boeing and Airbus fleet types Repairs Management Services to third parties, ensuring quality spares, turn times and costs managed to meet stringent customer requirements. Asset Management Consignment & Fleet Transition Programs assist with management & liquidation of customers inventory AOG Provides 24/7 support for AOG requirements. AMS AOG support can be reached at

Helicopters Products Leases Loans Purchase leasebacks PDP financing Market Segments Offshore oil & gas Search and rescue Emergency services Utility applications The

22 Helicopters Products Leases Loans Purchase leasebacks PDP financing Market Segments Offshore oil & gas Search and rescue Emergency services Utility applications The GECAS Advantage Attractive medium and heavy helicopters Competitive edge with GECAS global aircraft financing model Strong synergy with GE infrastructure businesses

view for airlines Aircraft evaluation for GECAS portfolio

23 GECAS product marketing & evaluation Product Marketing Evaluation Aircraft performance & economics 3 rd party view for airlines Aircraft evaluation for GECAS portfolio management GECAS has 40 years experience of evaluating aircraft

Long-term considerations Infrastructure advisory to support your future growth Strategic advice on interim

24 AviaSolutions Provides airports advisory, schedule, and network optimization and planning Current operations/ Short-term considerations Schedule optimization to alleviate airport capacity constraints Future operations/ Long-term considerations Infrastructure advisory to support your future growth Strategic advice on interim airports solutions and constraint management GECAS in-house consultancy can help you optimize now & plan for the future

25 Unparalleled technical expertise 50+ specialists based around the world. Expertise across all asset types Manages deliveries & transitions Actively monitor 1,570+ fleet

26 A leading airline financial services provider AA+ credit rating Broadest product range Fixed wing Helicopters Engines Spare Parts Advisory Services Global reach with local presence 45+ year track record

With offices in the UK, Canada and France, MDT has developed a reputation for structuring and arranging financial solutions for clients worldwide.

With offices in the UK, Canada and France, MDT has developed a reputation for structuring and arranging financial solutions for clients worldwide. MDT is a financial services and investment firm specialising in arranging equity, debt, lease and structured finance for a broad range of clients involved in capital intensive projects and industries.