The Helicopter Leasing Value Proposition. Allan Rowe, Managing Director

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1 The Helicopter Leasing Value Proposition Allan Rowe, Managing Director

2 Summary Waypoint Overview Helicopter Assets as Investments Why Leasing Makes Sense for Operators Selecting a Leasing Partner The Waypoint Advantage 2

3 Waypoint Leasing Overview Founded in 2013 by former helicopter operators to provide leasing solutions to operators worldwide We place operators first in our role as financial intermediary Focus on building a lasting platform dedicated to helicopter leasing vs. merely playing asset cycle Management team with extensive helicopter operating experience and a leasing track record consisting of more than 150 lease transactions globally Current fleet consists of >40 A/C, worth $400M - with an order book worth of $1B over next 5 years Supported by strong equity capital partnerships with Soros, MSD Capital and Cartesian Capital along a diverse group of world class debt capital institutions 3

4 Leadership Team 24 Helicopter Leasing professionals led by Ed Washecka, former CEO of Era Group Ed Washecka CEO Alan Jenkins CFO Allan Rowe MD, Commercial Background Years Senior Leadership Team with combined 100+ years of helicopter leasing experience Oliver Althoff MD, Capital Markets and Treasury Robert Van de Vuurst General Counsel Todd Wolynski Associate General Counsel Ian Gurekian Chief Risk Officer Added depth in finance and capital markets with fixed wing platform building experience Peter Dahm Strategic Accounts Executive Dave Powell Vice President, Sales Steffen Bay VP, Marketing & Sales Marc Schechter VP, Risk & Analytics 11 Dave Gorsky VP Operations & Technical 25 Ken Dowling VP Accounting & Planning 15 4

5 Global Leasing Platform-Experienced Through Lease Cycle Global Enterprise Management has an established reputation earned through the entire leasing cycle operators know what to expect at the end of a lease from us Waypoint Experience after Base-term Dozens of Aircraft remarketed 65 Aircraft Sold after base term and/or extensions Waypoint Current Leases Mgmt Team Prior Experience 5

6 Portfolio Growth Asset Growth 2014 Aircraft Mix $0.4B $1.0B S-76C++ Other 13% 20% 34% S-92 $0.2B 15% 19% YE'13 Jun'14 YE'14 EC225 AW139 Asset base of ~$500M as of Target growth of $1.0B in asset value by the end of 2014 Portfolio primarily comprised of newtechnology light-twin, medium, and heavy helicopters Diversification among premium asset types End-users across Oil & Gas, SAR, EMS and Utility segments 6

7 Strong Capital Partners Equity Sponsors Debt Capital Partners MSD Capital, L.P. Strong, committed and experienced sponsors and financiers with demonstrated track records of platform building with a Long-Term focus 7

8 Investing in Helicopters as an Asset Class Stable and Predictable Contracted Revenue Underlying demand driven by transparent Oil & Gas, EMS, and Gov t Utility contracts Typical contract ranges from 3-10 years High Visibility of Earnings and Strong FCF High revenue visibility from long-term triple net leases Strong free cash flow conversion No CAPEX requirement for maintenance or OPEX for crew High Renewal Rates End user avoids start-up costs associated with switching to another operator Relative Stability of Residual Values Among In-Demand Assets 8

9 Benefits of Operating Leases Flexibility Products can adjust to unique business needs and requirements (cash flow, budget, transaction structure, cyclical fluctuations, etc.) Off-Balance Sheet treatment improves business financial picture Risk Management / Lower Ownership Cost Provides the use of equipment for specific periods of time at fixed payments Lessor assumes and manages the risks of equipment ownership Lessor remarkets or disposes of the equipment at the end of the lease Tax Treatment Offers the option of deducting 100% of lease payment as a business expense 9

10 Experience Matters in Choosing the Right Leasing Partner Who What Highly regarded and experienced management team Long term investors Industry expertise Competitive pricing Flexible financing options Timing & certainty of execution Broad Asset Focus Strong Financial Backing Strong Management Team Deep Industry Relationships Value Beyond Support of new aircraft introductions Maintenance and supply chain support Aircraft conversion and tooling 10

11 Waypoint Advantage Strong relationships with OEMs Optimize timing and pricing on future Deep relationships with prospective customers Allow us to develop a strong pipeline, ensure transaction certainty and re-market assets Flexible and long-term capital base Portfolio management expertise Allows us to select assets with best value retention characteristics Maintenance expertise Across multiple asset types to mitigate technical risk Dynamics of helicopter market require deep relationships and extensive asset expertise 11