gecas overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft...

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Imagination at work. GECAS

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Page 1: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Imagination at work.

GECAS

Page 2: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

About us

Page 3: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

GE today

Energy Management

GE Energy Home & Business SolutionsAviation

Transportation

Oil & Gas

Power & Water

Aviation Services

Capital AmericasCapital AsiaCapital Europe/ME/AfricaRetail FinanceReal EstateEnergy Financial Services

Healthcare GE Capital

Page 4: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

GE Capital Aviation ServicesPremier Player. Global Reach. Deep Domain Expertise.

500+employees worldwide

74countries

1,620+owned and serviced aircraft

Industry’s broadest range of business solutions• Aircraft Leasing• Asset Backed Lending• Engine Leasing• Asset Management Services (Parts)• Aviation Consultancy

Key statistics

Page 5: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Industry’s only full life cycle provider

ScaleGlobal FootprintLocal PresenceLong Tenured Team40+ yr Track Record

Financing ServicesFleetAircraft LeasingStructured DealsSecured DebtCapital MarketsInvestor ServicingAA+ Credit Rating

Narrow BodyWide BodyRegional/TurboAir CargoHelicoptersContainer Ships

Engine LeasingSpare PartsAirport/Airline ConsultingInfrastructure FundTechnical Ops

GECAS. A business on the move. Keeping the world on the move.

Page 6: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Scale

Page 7: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Global distribution network

23offices

74countries

230customers

40+years of experience

13offices serving emerging markets

Page 8: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

20 years as the industry leader

GECAS formed

with integrationof GPA and

Polaris

Engine leasing unit formed

Debt financing unit formed

with purchase of PK

AirFinance

First order for 777

First order for Bombardier

and Embraer regional jets

First freighter conversion for TNT Airways

Parts trading unit formed

with purchase of The

Memphis Group

First order for A320neo and ATR-72 600 turboprops

First order for 787

Dreamliners

Boeing delivers 350th 737 to

GECAS

Order for 350 narrow bodies

from Airbus and Boeing

1993 1999 2000 2002 2006 2010 2011 2013

Airport consulting unit

formed with investment in AviaSolutions

Continued expansion into

emerging markets

Page 9: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Fleet

Page 10: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Investing in the newest technology…

One of the largest portfolios of fixed wing aircraft in the world.

Page 11: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

… with the industry’s broadest range of fleet options

ATR 72-600

Airbus ceo

Boeing 777 300ER

787 Dreamliner

Boeing 737 NG

Boeing MAXAirbus neo

Airbus A330

Page 12: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Modern fleet. Global reach. Full array of products.

Aircraft type Regions Products

29

22%9

19

21%

1213

7562

711

20 %

Page 13: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Helicopters

• Targeting medium and heavy helicopters• Natural adjacency to GECAS’ fixed-wing aircraft financing operations • Competitive edge with GECAS’ global aircraft financing model• Overlap with existing GECAS customer base• Strong synergy with GE infrastructure businesses

Products• Leases• Loans• Purchase leasebacks • PDP financing

Market Segments• Offshore oil and gas sector• Search and rescue • Emergency services • Utility applications

Page 14: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Financing

Page 15: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Full range of financing and servicing solutions

Deep domain expertise with multiple financial products and service offerings.

• Operating Leases

• Purchase Leasebacks

• Secured Loans

• Restructurings

• Aircraft Servicing

Page 16: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Benefits of aircraft leasing

Leasing Philosophy

Product Life Cycle Support

Financial Benefits

• 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 Allows for focus of time & resources on revenue generating activities

• Provides a long-term financing solution covering 100% of the asset value at a competitive cost. The solution can be committed to years prior to delivery providing certainty and ease of planning

• Operators avoid large upfront capital investment and burdensome repayments required for an outright purchase. Leasing also eliminates the risk of refinancing (often required for Debt or Bond products).

• Leasing improves liquidity management and creates flexibility through matching cash inflows (revenue generated from the aircraft) with predictable periodic cash outflows (lease rentals)

/16

• Leased aircraft is attractive and now represents ~40% of the world fleet• Aircraft leasing has grown driven by: Fleet flexibility on types and length of time in fleet Preservation of capital to increase airline liquidity Ready source of additional aircraft capacity, as needed

Page 17: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Services

Page 18: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Asset Management Group: Engine Leasing

A full range of financial and servicing products:

• Operating Leases

• Purchase Leasebacks

• Short-term Rentals

• Guaranteed Spare Engine Availability

• Engine Exchanges

• Engine Servicing

Page 19: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Asset Management Services: Parts

Full inventory of re-certified rotables and repairablesfor Airbus, Boeing and Bombardier models.

• Supply Chain Management

• Inventory Optimization

• Acquisitions

• Repair Management

• AOG Support

Page 20: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

World class advisory and investment servicesServicing airports, airlines, governments and financial investors

• Airport route development, airline strategy/network planning and air transport forecasting

• Assisting with various financing and investment structures for the benefit of both airlines and investors

Page 21: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

Unparalleled technical expertise

Team of more than 50 uniquely qualified people based around the world.•Deep technical expertise across all asset types•Manage all aspects of new and used aircraft deliveries and future transitions•Actively monitor 1,600+ fleet

Page 22: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed

#1 in commercial airline financial services

• Industry’s broadest range of products

• #1 player in the industry• Global reach; local presence• Deep domain expertise• AA+ credit• 40+ year track record

Page 23: GECAS Overview 2014.ppt · employees worldwide 74 countries 1,620+ owned and serviced aircraft Industry’s broadest range of business solutions • Aircraft Leasing • Asset Backed