10-Year Airline and Business Jet Pilot Demand Outlook
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CIVIL AVIATION TRAINING SOLUTIONS
Acquisition highlights
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Expands CAE's addressable market in Business Aviation Training
Acquires an established and growing business for the provision of flight and maintenance training services for
operators of one of the world's largest and most valuable in-service business jet fleets
Extends OEM Authorized Training Provider (ATP) agreement to 2038
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Enhances CAE's position in largest and fastest growing segment of Business Aviation Training
Increases training portfolio focus on medium- and large-cabin business jet market
High quality training platforms based on in-production aircraft with superior growth profiles
Modern fleet of state-of-the-art full-flight simulators with limited ongoing maintenance investment required
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Strong strategic and operational fit
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Expands CAE's addressable market for business jet instructor-led (wet) training
Provides greater leverage across CAE's BAT network
Low-risk, plug-&-play integration with operations already co-located within CAE's training premises
Financially attractive
Accretive to earnings and free cash flow in the first full year of ownership
Attractive growth and margin profile
Provides additional value from ATP extension and monetization of existing royalty obligations at a discount
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Fits capital allocation strategy for a balance of growth and cash returns to shareholders
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High cash flow generating business provides flexibility to deleverage balance sheet; continue supporting future
growth opportunities; and generate current returns to shareholders
Maintains CAE's investment grade profile with proforma leverage ratio remaining within target leverage range
CAE Inc. Proprietary Information and/or Confidential
LASSROOMS
5-27
CAE
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BOMBARDIER
CAEView entire presentation