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Bristow Group Inc. Analyst Day 2013 April 10, 2013 Forward-Looking Statements

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Bristow Group Inc. Analyst Day 2013 April 10, 2013 Forward-Looking Statements Bristow Group Inc. Analyst Day 2013 April 10, 2013 Forward-looking statements This presentation may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about our future business, operations, capital requirements and funding sources therefor, fleet composition, capabilities and results; modeling information, including the impact of the UK SAR award on expected, revenues, earnings, EPS growth, expected EBITDAR, BVA, asset FMV, cash flow, operating margins, debt ratios, interest and rent coverage and other financial projections; plans, strategies and objectives of our management, including our plans and strategies to grow earnings and our business, our general strategy going forward and our business model; expected actions by us and by third parties, including our customers, competitors and regulators; the valuation of our company and its valuation relative to relevant financial indices; assumptions underlying or relating to any of the foregoing, including assumptions regarding factors impacting our business, financial results and industry; and other matters. Our forward-looking statements reflect our views and assumptions on the date of this presentation regarding future events and operating performance. They involve known and unknown risks, uncertainties and other factors, many of which may be beyond our control, that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include risk of contract terminations, higher than anticipated costs, adverse capital market conditions and those discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year-ended March 31, 2012 and our Quarterly Report on Form 10-Q for the quarter ended December 31, 2012. We do not undertake any obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 1 Safety Moment SAFETY MOMENT 2 Map of emergency exits 3 Agenda • Introduction (Linda McNeill, Director Investor Relations) • Bristow Vision and Mission (Bill Chiles, President and CEO) • UK Search and Rescue Contract (Jeremy Akel, SVP Global Operations; Mike Imlach, Managing Director Bristow Helicopters Limited) • Financial impact of SAR (Jonathan Baliff, SVP and CFO; George Bruce, Global Operations Finance Director) • Future market opportunities (Mark Duncan, SVP Commercial) • Lunch (Hank Williams, General Manager Cougar Helicopters) 4 Bristow’s Vision and Mission Bill Chiles, President and CEO 5 Objectives for today • Discuss operational details of UK Search and Rescue (SAR) contract • Understand the expected financial impact of UK SAR • Discuss the implications of UK SAR on our business model • Review future global market opportunities 6 Bristow is the leading provider of helicopter transportation services to the global offshore industry Bristow flies crews and light cargo to production platforms, vessels and rigs • ~20 countries • 556 aircraft • ~3,400 employees • Ticker: BRS • Stock price*: $63.08 $67 $275 • Market cap*: ~$2.3 billion • Secured: BBB-/Ba1 (stable outlook) • Corporate: BB/Ba2 (stable outlook) • FY13 TSR: 40.5% * Based on 36.6 million fully diluted weighted average shares outstanding for the nine months ended 12/31/2012 and stock price as of 04/05/2013 7 Our Vision, Mission and Core Values Our Vision Our vision represents our destination and what we want to accomplish: “One global team setting the standard for excellence, growing and succeeding together…soaring above the competition.” Our Mission Our Values Our mission is to provide the safest and Bristow’s values represent core beliefs about most efficient helicopter services and how to conduct business: aviation support worldwide. We will achieve • Safety – unwavering focus on safety and this by focusing on and committing to: maintaining a “Target Zero” goal of no accidents • Working in innovative partnerships with • Quality and Excellence – set and achieve high customers standards in all operations • Further developing highly professional • Integrity – “do the right thing” workforce • Fulfillment – develop talents and enjoy work • Expanding business and extending horizons • Teamwork – communicate openly and respect Through these commitments, we will provide each other industry-leading value to our customers, • Profitability – make wise decisions and grow the employees and shareholders while remaining business true to our core values 8 Our strategic objectives 2012-2016 9 What do we mean by “Operational Excellence”? • World-class performance and a commitment to do the best job we can in everything we do • A means of achieving our strategic objectives for people, growth, execution and clients • An ongoing journey where every employee plays an important role in continuous improvement • It provides a single focus for all of our present initiatives – Target Zero, Client Promise and BVA 10 Why pursue Operational Excellence? • Operational Excellence will help Bristow achieve lasting competitive differentiation • It aligns Bristow with its clients • It represents best practices • Leadership has a long-term strategic plan for Bristow to be the leading global helicopter services company, and we will get there with our commitment to Operational Excellence 11 TARGET ZERO, our industry leading safety program, creates differentiation and client loyalty • Safety is our primary core value • Bristow’s ‘Target Zero’ program is now the leading example emulated industry-wide • Safety performance accounts for 25% of management incentive compensation • Flight Safety Foundation (FSF) awarded its 2012 President’s Citation to Bristow Group’s Target Zero program 12 Bristow services are utilized in every phase of offshore oil and gas activity • Largest share of revenues (>60%) relates to Typical revenues by segment oil and gas production, ensuring stability and growth Other 10% Exploration 20% • There are ~8,000 offshore production installations worldwide - compared with >600 exploratory drilling rigs • ~1,700 helicopters servicing oil and gas Development industry of which Bristow’s and affiliates 10% fleet is approximately one-third Production • Bristow revenues primarily driven by 60% operating expenditures Helicopter transportation services SEISMIC EXPLORATION DEVELOPMENT PRODUCTIONPRODUCTION ABANDONMENT 13 Bristow’s contract and operations structure results in a more predictable income with significant operating leverage • Our ongoing capex is low as we expense almost all of our maintenance costs • Bristow earns 65% of contract revenue through the monthly standing charge (MSC) in most markets • Two tiered contract structure includes both: • Fixed or monthly standing charge to reserve helicopter capacity • Variable fees based on hours flown Revenue sources Operating income Variable Variable hourly hourly 35% 30% Fixed monthly Fixed 65% monthly 70% 14 FY13 total stock return 140 40.5% 120 18.4% 14.0% 13.6% 3.1% 2.1% 100 80 04/01/12 09/28/12 03/29/13 Oil Service Index Simmons Offshore Transportation Index S&P 500 Bristow ISS Glass Lew is Source:Factset (from April 1, 2012 to March 29, 2013) Note: Simmons Offshore Transportation Service Index includes: Bourbon, Dockwise, DOF, ERA Group Inc., Farstad Shipping, Gulfmark, Hornbeck, Kirby Corp, Seacor, Solstad Offshore and Tidewater 15 UK Search and Rescue (SAR) Contract Jeremy Akel, SVP Global Operations Mike Imlach, Managing Director, Bristow Helicopters Limited and European Business Unit Director 16 Importance of this contract for the UK government • Releases UK military from the obligation of providing SAR resulting in a better value for money solution (eliminates military overhead) • SAR is not a front line activity, so the UK government is able to release people back to the military • Cohesive operational emergency service system - one control unit that coordinates all rescues through this system • Replaces existing aged equipment • Local content job creation 17 Why was Bristow Helicopters Limited (BHL) awarded UK SAR contract? BHL will provide modern, robust, reliable and effective SAR system for the UK through: • Commitment to operational excellence • SAR service continuity • Delivering a national solution • Demonstrating value for money • Meeting and exceeding environmental and regulatory requirements 18 SAR service continuity • Ten bases equipped with 22 technologically-advanced helicopters • Two aircraft at each base plus one additional of each aircraft type for training purposes • State-of-the-art SAR and safety technology: • Night vision • Mission management • Increased on-board medical capabilities • Infrared cameras • SAR data linking • 10-year contract with a two-year extension with flying operations commencing in April 2015 • Implementation of training and infrastructure developments will begin in January 2014 • Resilience of the service – managed transition plan provides continuity • De-risk through two aircraft types 19 Bristow bases overall radius of action coverage • Availability 24/7/365 • Cover all UK SAR incidents expected 10,000 flying hours per year (6,000 training and 4,000 missions) • Ability to surge up to seven aircraft simultaneously to a single SAR incident • Average annual number of missions between
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