Bristow Group Inc 2024年度报告

Mission Focused 2024 Highlights2024 Highlights Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristowprimarily provides aviation services to a broad base of offshore energy companies and government entities. Ouraviation services include personnel transportation, search and rescue (“SAR”), medevac, fixed wing transportation,unmanned systems and ad-hoc helicopter services. Our business is comprised of three operating segments: OffshoreEnergy Services, Government Services and Other Services. Our energy customers charter our helicopters primarily totransport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and otherinstallations. Our government customers primarily outsource SAR activities whereby we operate specialized helicoptersand provide highly trained personnel. Our other services include fixed wing transportation services through a regionalairline and dry-leasing aircraft to third-party operators in support of other industries and geographic markets.Bristow Group Inc. is the leading global provider of innovative and sustainable vertical flight solutions. Bristowprimarily provides aviation services to a broad base of offshore energy companies and government entities. Ouraviation services include personnel transportation, search and rescue (“SAR”), medevac, fixed wing transportation,unmanned systems and ad-hoc helicopter services. Our business is comprised of three operating segments: OffshoreEnergy Services, Government Services and Other Services. Our energy customers charter our helicopters primarily totransport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and otherinstallations. Our government customers primarily outsource SAR activities whereby we operate specialized helicoptersand provide highly trained personnel. Our other services include fixed wing transportation services through a regionalairline and dry-leasing aircraft to third-party operators in support of other industries and geographic markets. DIVERSE FLEET OF210 AIRCRAFT HEADQUARTERED INHOUSTON, TX PUBLICLY TRADED ONNYSE (VTOL) Bristow currently has customers in Australia, Brazil,Canada, Chile, the Dutch Caribbean, the FalklandIslands, India, Ireland, the Kingdom of Saudi Arabia,Mexico, the Netherlands, Nigeria, Norway, Spain,Suriname, Trinidad, the United Kingdom (“UK”) andthe United States (“U.S.”). GLOBAL EMPLOYEES3,447 TOTAL899 PILOTS912 ENGINEERS 3 SEGMENTSOFFSHORE ENERGYGOVERNMENTOTHER ADJUSTED EBITDA(USD)$237MM(+39% Increase YOY) OPERATING CASH FLOWS(USD)$177MM(+$145MM YOY) AVAILABLE LIQUIDITY(USD)$312MM LTM TOTAL OPERATINGREVENUES (USD) $1.4Bn(+9% Increase YOY) ANNOUNCED NEW CAPITAL ALLOCATION FRAMEWORK BEAT INCREASED2024 GUIDANCE COMMENCED OPERATIONSON SIGNIFICANTGOVERNMENT SERVICESCONTRACTS ✓Protect and maintain a strong balance sheet andliquidity position✓Pursue high impact, high return growthopportunities✓Return capital to shareholders via opportunisticshare repurchases and quarterlydividend payments After further increasing2024 guidance, Bristowreported $237mm ofAdjusted EBITDA,primarily attributed togrowth in its OESsegment Transitions on bothUKSAR2G and IRCGcontracts began at theend of 2024 with ~85%of the investmentcompleted to date DEAR FELLOWStockholder:DEAR FELLOWStockholder: This year’s letter begins on a somber note. On February 28, 2024, one of Bristow’ssearch and rescue (“SAR”) helicopters, a Sikorsky S92 with registration LN-OIJwith six crew members onboard, was involved in an accident during a SAR trainingexercise approximately 15 nautical miles west of Bergen, Norway. On behalf of allBristow team members around the world, I share our heartfelt condolences withBristow delivered strong financial performance in 2024 and successfully executedon several significant operational milestones. We continue to have a positive outlookfor the Company in 2025, while noting that macroeconomic risks and uncertaintyhave increased significantly in recent months. the family and friends of our dear colleague whose life was lost in that tragicaccident. This has been a deeply sad and difficult time, and we will carry this losswith us always.We are relieved that the other five crew members have all been released from thehospital and are in good condition. Our highest priority has been to take care of ourcrew and their family members and provide them with the assistance needed. Inaddition, Bristow is fully cooperating with authorities investigating the accident,and we will provide future updates as appropriate.Christopher S. BradshawPresident and ChiefExecutive OfficerThe past year began on a very somber note. On February 28, 2024, one of Bristow’ssearch and rescue (“SAR”) helicopters, a Sikorsky S92 with registration LN-OIJ withsix crew members onboard, was involved in an accident during a SAR training exerciseapproximately 15 nautical miles west of Bergen, Norway. O