 Public Lender’s Presentation August 1, 2011 For Public - Side Dissemination Exhibit 99.1 |
 Safe Harbor This presentation contains statements that may be considered forward looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, such as estimates of contract values, anticipated revenues from indefinite delivery, indefinite quantity contracts; expected percentages of future revenues represented by fixed-price contracts; and statements covering the Company’s business strategy. These statements speak of DynCorp International’s plans, goals, beliefs, or expectations, refer to estimates or use similar terms. Actual results could differ materially, because the realization of those results is subject to many uncertainties. All forward looking statements included in this presentation are based upon information presently available. DynCorp International undertakes no obligation to publicly update or revise any forward-looking statement. The risks and uncertainties relating to the forward-looking statements in this presentation include those described under the caption “Risk Factors” and “Forward-Looking Statements” in Delta Tucker Holdings Inc., DynCorp International’s parent, Registration Statement on form S-4 which was declared effective on June 21, 2011. This presentation includes non-GAAP financial measures, including Adjusted EBITDA, that are different from financial measures calculated in accordance with GAAP and may be different from non-GAAP calculations made by other companies. A quantitative reconciliation of non-GAAP information to the most directly comparable GAAP financial measures has been included in this presentation. |
 Page 3 August 1, 2011 Presenters DynCorp International Steve Gaffney, Chairman and CEO Bill Kansky, Senior Vice President & CFO Chris Porter, Vice President & Treasurer Bank of America Merrill Lynch |
 1. Business Summary and Update 2. Financial Review 3. Amendment Review 4. Questions & Answers Agenda |
 Page 5 August 1, 2011 Business Summary and Update |
 Page 6 August 1, 2011 Business Strategies Leverage LOGCAP IV to become the leading defense contingency services provider Diversify portfolio into intelligence and international capacity building Leverage experience in Training and Mentoring into other rule of law/governance/mentoring customers Business Strategies Consolidate and expand leading position in aviation maintenance Leverage DoS Air Wing and APPS Aviation Task Orders into new aviation services customers Become a leading defense land equipment O&M provider Business Strategies Continue to support INSCOM translator needs throughout he complete draw down of troops in Iraq Expand capabilities to focus on higher- value intelligence and mentoring requirements With a heritage extending from 1951, DI is a leading provider of specialized, mission-critical outsourced professional and technical support services CY 2010 Revenue: $3.4B* CY 2010 Adjusted EBITDA: $219.7M Personnel: ~23,000 in 36 countries *Excludes GLS Revenue DI Facts: 97% of Revenue Generated as Prime Contractor Contract Mix: 61% - Cost Reimbursement 27% - Fixed Price 12% - Time & Material 98% of Revenue Generated from U.S. Government $2.14B $2.38B $2.56B $3.39B FY08 FY09 CY09 CY10 Historical Revenue* Global Platform Support Solutions (GPSS) Global Stabilization & Development Solutions (GSDS) Global Linguist Solutions (GLS) DynCorp International, Inc. Delta Tucker Holdings, Inc Other DoD 3% Other 3% Army 50% Navy 7% Air Force 8% DOS 29% Revenue By Customer (CY10) |
  Page 7 August 1, 2011 DI Business Area Team Offering Aviation: $695.1M Aircraft maintenance and logistical support services for 200 U.S. Army and Navy C-12/RC- 12/UC-35 reconnaissance aircraft Life cycle support for USG VIP aircraft Aerial firefighting in California Various CONUS/OCONUS fleet support programs Air Operations: $372.2M Aircraft maintenance and operations support services to DoS including; support to drug eradication missions in South America through INL contract; Colombian National Police ARAVI air service support Secure Aviation Transport in Iraq & Afghanistan Operations and Maintenance: $230.5M Maintenance of in-theater vehicles and support equipment including NAVISTAR MRAPs Maintenance support to UAE armed forces Reset/Recap services through Army FIRST Base operations support Development: $32.5M Intel Training & Solutions: $33.8M Intelligence technical, analytical and HUMINT training and operations services, enabled through Phoenix Consulting acquisition in 2009 Total Revenue by Business Area Team CY 2010 Global Linguist Sol Global Platform Support Solutions (GPSS) $1.3B (38.3%) Global Stabilization & Development Solutions (GSDS) $2.1B (61.7%) Rule of law, anti-corruption and post- conflict resolution support through recent purchase of Casals & Associates 41.9% 15.8% 6.8% 11.0% 20.5% Contingency Operations: $1,423.5M Provides in-theater logistical support to government personnel through LOGCAP IV and AFCAP Training & Mentoring : $534.7M Mentoring of local military, Intel, justice and law enforcement personnel Training of indigenous police forces through CIVPOL Security Services: $67.9M Security services for DoS through WPPS 1.0% 1.0% 2.0% Global Linguist Solutions (GLS): $594.9M (Deconsolidated and not reported as part of DI revenues as of Q2 CY 10) |
 Page 8 August 1, 2011 CEO View Strong Leadership Team in Place Operations aligned to meet the needs of the customer Centers of Excellence drive efficiency and accountability High Confidence in ability to achieve 2011 results MRAP contracts will experience lower profit levels as program moves to sustainment phase Expect lower margins as ACAS transitions to AMDP T&M dominated contract migrates to cost responsive contract Favorable to budget, award fee on LOGCAP significantly de-risks plan De-leverage Plan Remains Focus Debt reduction ahead of original plan $50M term loan reduction achieved in March $100+M term loan reduction anticipated in 2H 2011-primarily through working capital improvements and earnings Focus remains on freeing up working capital Market Dynamics Evolving - Revenue Opportunities Identified |
 Page 9 August 1, 2011 Market Environment Business Area Description Key Customers Size & Outlook DI Differentiators Contingency Operations • Provide Responsive Support to Large Numbers of Deployed Government Personnel ~$8B • Long-term Position on LOGCAP (10 Year Award) • Expanding Global Footprint Training and Mentoring • Law Enforcement and Security Capacity Building • Mentor and Advise Foreign Ministries ~$8B • Largest Int’l Police Trainer • Mentoring in Support of U.S. Foreign Policy Aviation • Aircraft Upgrades and Maintenance • Depot and Ground Support ~$8B • Strong Legacy Position and Past Performance • 59 Years of Experience in CFT Program Air Operations • Support Full Flight Operations • Counter Narcotics Air Support • Diplomatic Air Transport ~$2B • Good Contract Positions • Demonstrated Ability to Transfer Knowledge Operations and Maintenance • Manage & Support Gov’t Facilities • Operations and Maintenance Support for Ground Fleets ~$9B • Ability to Leverage Strong Legacy O&M Capabilities • Best Value to Gov’t • Broad OCONUS Operations Capabilities Intelligence Training Solutions • Provide Sophisticated HUMINT Training Services and Intelligence, Technical and Analytical Services ~$8B • Strong Customer Intimacy with IC Agencies • Strong Contract Positions Development • Provide Post-conflict Development Expertise • Rule of Law and Nation Building ~$2B • Growing USAID Footprint • Full Global Reach Security Services • Provide Comprehensive Protective SS to Support U.S. Department of State Operations Around the World ~$0.5B • Strong Legacy Position • Global Footprint and Capabilities UAE Kuwait UAE SA |
 Page 10 August 1, 2011 Big Drivers in US Defense and Foreign Policy Afghanistan “What we can do, and will do, is build a partnership with the Afghan people that endures—one that ensures that we will be able to continue targeting terrorists and supporting a sovereign Obama, 6/22/11 • President Obama provided military commanders maximum flexibility by leaving the surge force in place through the 2011 fighting season. •10,000 end of 2011. Remaining 23,000 will depart by summer of 2012, 70K forces left in country. •Increased Emphasis on building and sustaining long-term Afghan National Security Forces capabilities. • agreement is actively being negotiated. Will include the “non permanent” basing of 25,000 US troops in Afghanistan at 3 major bases and multiple FOBs. • USAID will consolidate at 4 major consulates and at the Embassy in Kabul. • throughout 2014; funding through DoS likely to shrink. The Admin has lowered its FY12 request from $4.3B to $3.2B. Iraq “Iraq is considering the possibility of making a request for some kind of presence to remain there. I have every confidence a request…will be forthcoming at some point.“- Secretary of Defense designate Leon Panetta • Political pressure to make agreement on permanent troop presence – but Panetta upbeat in Senate Confirmation hearing. •The Administration request for State Department funding in Iraq for Fiscal Year 2012 is $6.2 Billion. • State presence will be driven by Congressional budget. • Iraq sent a letter to Congress urging full funding: John Negroponte, Zal Khalilzad, Ryan Crocker and Chris Hill. • Embassy concerns focus on Kurdish/Shia strains over oil, border, and population. Bets are that conflict won’t erupt; Kurds won’t risk current semi-autonomous status. DOD Budget “I want to emphasize that while America is at war and confronts a range of future security threats, it is important to not repeat the mistakes of the past by making drastic and ill- conceived cuts to the overall defense budget.” Secretary of Defense Robert Gates • $670B •Fully funds OCO •O&M budget request is $204B – up $15B from FY08 •Procurement request $111B – down $13B from FY08 equals reset and refurbishment of existing assets; focus on maintaining and upgrading existing platforms and systems. • Latin America Drug War More than 90 percent of the South American cocaine that reaches the United States funnels through Guatemala and across Mexico’s southern border, according to the latest intelligence from the U.S. Drug Enforcement Agency. Year 2012 is $335M. Focus is capacity building. $20M of the $1.6B Merida initiative aid package to Mexico has been assigned to security for Mexico’s southern border promised to spend $200M in FY12, double FY11 spending, to help Central American countries fight the cartels and regain control of lawless territories. FY12; up from $45M in FY11. “A 2010 cable from US diplomats made public by WikiLeaks reveals Guatemala has only a single helicopter and five pickup trucks to patrol its entire border with Mexico.” that only 125 Mexican immigration officials monitor the country’s 540 mile border with Guatemala. surge troops will be withdrawn Afghan A long-term strategic framework Civilian Advisors from DoS and Civilian advisors will continue to grow U.S. troops to stay after 2011? Civilian footprint? Four former US Ambassadors to Short/Medium-term stability: FY 11 DOD Budget (enacted in CR) FY12 DOD Budget Request – $671B O& M up plus Procurement down Continued DOD Growth Areas vs. US Assistance to Mexico for Fiscal US officials concede that only about The Obama Administration has In the Caribbean Basin, $75M in According to the Washington Post: The US Embassy in Mexico states government.” - President OCO request – $119B New Efficiencies: • Continued growth of rotary-wing systems—Army/Air Force •Reduce non-combat headcount— return to outsourcing? •Divest assets—public/private depot partnerships? Permanent and Expanded Authority for Army Industrial Facilities to Enter into Certain Cooperative Arrangements with Non-Army Entities – 2012 HASC Bill |
 Page 11 August 1, 2011 Integrated Life-Cycle of Services Support Military Readiness LOGCAP IV Linguistics & Translation Fleet Management Aviation Services Development Defense Diplomacy Host Nation Capacity Building Conflict Resolution Peacekeeping Operations Drill Wells to be used by Villages Enabling the Rule Of Law Civilian Police Training Training & Mentoring at Foreign Ministries De-Mining Drug Eradication Stabilization, Security, Transition, and Reconstruction Operations (SSTR) Major Combat Operations Government Role Contractor Role Lead Agency |
 Page 12 August 1, 2011 Improvement Opportunities (Critical Action Plan) Reduce Indirect Cost Structure – Delayer and Develop Market Focus – Optimize Business Processes Supply Chain Redesign – Identify the Right Leaders – Develop Second and Third Tier Leaders to Support Growth Focus on Talent Development – Employee Assessments Complete – All Level 1 & 2 Employees – Leadership Training and Talent Framework Defined – Courses in Development Deleverage the Company – $50 million Debt Reduction in March 2011 – $100+ million Additional Reduction Expected in 2H 2011 Initiative Change Mar ‘11 June ‘11 Business Development Redesign – Develop Marketing Department – Capture Process Enhancement – Pricing Function Aligned Within BD (Accountability and Impact) |
 Jul 2010 Apr 2011 78 Interests 21 Pursuits 12 In Work 37 Submitted 83 Interests 19 Pursuits 18 In Work 39 Submitted $8.0B $4.2B $2.1B $1.8B $13.5B $4.5B $1.2B $4.3B + Redwood, Dlite Total $16.1B vs. $23.5B New Business Opportunity Funnel • $5B Increase in Opportunities Identified ($13.5B vs $8.0B) – Aviation - $6.5B (AMCOM Aviation Field Maint - $2B), CNTPO - $1B, USAF C-20/37 CLS - $.8B) – Contingency Operations - $4B (UK Opportunities >$3B) – Training and Mentoring up $1.6B (CJPS TO $1B, Law Enforcement Professional Program - $.5B) • $2.5B Increase in Submitted Proposals – Security Services – WPS Pursuit - $1.35B – Aviation - $1.4B (VIPSAM - $.4B, NTW Pax - $.5B, JPATS - $.5B) – ITS – Adventure - $.2B – Contingency Operations - $.8B (LOGCAP BLS - $.6B, UK AFGHAN ISP - $.2B) – Training and Mentoring - $.5B (Conventional Weapons Destruction $.1B) Page 13 August 1, 2011 |
 Operational Highlights LOGCAP IV Overall Performance is Very Good Award Fee Score (improved) is in-line with original expectations Submitted proposal for DoS Baghdad Life Support (BLS) Afghan National Police (AMDP) Program is Transitioned $1.25B/2.5yr DoD program awarded 30 Dec 2010 750 Mentors/Trainers and 3,400 support personnel Principal Training program for the Afghan Security Force Recent Win of the DoS Criminal Justice Police Services (CJPS) program MRAP Up-Armor Installation Kit Win In-theater upgrade of 10,000+ vehicles Strengthens DI’s capabilities across the MRAP fleet DoS Iraq Air Wing Expansion Transfer of Authority from DoD to DoS by 31 Dec 2011 Build-out of 41 aircraft, infrastructure, and 800 personnel Anticipated Afghanistan/MENA expansion Page 14 August 1, 2011 |
 Page 15 August 1, 2011 Operational Highlights - Continued Multiple Wins in Aviation Regional Aviation Support Management – West (RASM-W) $185M potential value Fort Drum Directorate of Logistics (DOL) Aviation Logistics Management Division (ALMD) - $59.8M potential value Four Recent Task Order on Under the Air Force Contract Augmentation Program (AFCAP) $48M value Includes Power production in Qatar and the Kyrgyz Republic, Vehicle Fleet Management in Afghanistan and Engineering Services in the Kyrgyz Republic Worldwide Protective Services (WPS) Security Support in Irbil $550M potential value GLS Joint Venture One of Six Providers selected to compete for Task Orders on Defense Language Interpretation Translation Enterprise (DLITE) Contract |
 Page 16 August 1, 2011 Improvement Initiatives Already Yielding Results Military, Diplomatic & Development Tools All Needed to Achieve Global Stability Aligns with DI’s Integrated Life Cycle Offering International Partners Will Need Our Support Markets are Dynamic – O&M Funding is Stable 2011 O&M Funding Greater than Procurement and RDT&E Combined DoS Funding Up 33% Since 2008 Business Development pipeline up 46% since July 2010 Highly Confident in 2011 Targets and Strongly Committed to Longer-Term De-Leveraging Plan Summary |
 Page 17 August 1, 2011 Financial Review Note: FY = LTM as of Friday closest to March 31 CY = LTM as of Friday closest to December 31 st st |
 Page 18 August 1, 2011 Highlights Revenue LOGCAP IV Secure Air Transportation Ft. Campbell 101st CSTC-A, MNSTC-I, AMDP CivPol Lower Content MRAP Program to Sustainment Program Losses-APK Somalia, LCCS-Army, Qatar Guards Adj. EBITDA LOGCAP IV Volume, Award Scores New Contracts Operational Efficiencies CivPol Volume & Mix MRAP Lower Profitability Iraq Construction GLS Lower Troop Levels in Iraq Dollars in millions * Adjusted for deconsolidation of GLS Q1 2011 vs Q1 2010 Revenue* $884.3 $894.0 (1.1%) Adjusted EBITDA $55.6 $55.6 – Adjusted EBITDA Margin 6.3% 6.2% 10 bps vs. Q4 2010 Total Backlog $4,294.3 $4,782.2 (10.2%) First Quarter 2011 Results |
 Page 19 August 1, 2011 Q2 2011 Revenue – Range $885M to $895M Up 12% at Mid-Point from Q2 2010 (Excluding GLS Revenue) Q2 2011 Adjusted EBITDA – Range $43M to $45M Down $8.5M at Mid-Point from Q2 2010 6M YTD Revenue – Range $1.77B to $1.78B Up 5.1% at Mid-Point from 6M YTD 2010 (Excluding GLS Revenue) 6M YTD Adjusted EBITDA – Range $99M to $101M Down $8.1M at Mid-Point from 6M YTD 2010 Resulting 2011 YTD Margins of 5.6% 2011 Guidance – Second Quarter & YTD |
 Page 20 August 1, 2011 Summary Historical Financials Capital Expenditures FY 2007-LTM 4/1/11 Adjusted EBITDA FY 2007-LTM 4/1/11 Segment Revenue FY 2007-LTM 4/1/11 (1) Operating Cash Flow FY 2007-LTM 4/1/11 ($ in Millions) ($ in Millions) ($ in Millions) ($ in Millions) Note: FY = LTM as of Friday closest to March 31st. (1) Excludes GLS and other corporate revenue (2) Capex calculated as total Capex less purchase of helicopter assets. (3) Excludes expenses related to merger. (2) (3) $87 $42 $141 $90 $66 $0 $50 $100 $150 $200 2007 2008 2009 2010 LTM 4/1/11 $9 $8 $7 $9 $10 $0 $3 $6 $9 $12 2007 2008 2009 2010 LTM 4/1/11 $181 $183 $249 $236 $220 8.2% 8.6% 10.5% 8.3% 6.5% $0 $100 $200 $300 2007 2008 2009 2010 LTM 4/1/11 0.0% 3.0% 6.0% 9.0% 12.0% Adjusted EBITDA Margin 862 884 969 1,512 2,108 1,224 1,253 1,421 1,325 1,263 $2,087 $2,136 $2,384 $2,838 $3,377 $0 $2,000 $4,000 2007 2008 2009 2010 LTM 4/1/11 GSDS GPSS |
 Page 21 August 1, 2011 LTM 4/2/10 to LTM 4/1/11 Revenue GLS Deconsolidation Lower CivPol and MRAP Volume LCCS loss of contract and other items LOGCAP IV, Air Wing Volume and new Training and Mentoring contracts (Millions) Losses Additions 3,572 3,527 (585) (176) (123) 839 - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 2010 2011 |
 Page 22 August 1, 2011 LTM 4/2/10 to LTM 4/1/11 Adjusted EBITDA 235.5 219.7 5.5 26.6 34.2 40.8 9.7 0 50 100 150 200 250 2010 2011 Higher Legal Costs/ Settlements GLS Volume (Troop Levels) Lower Volume and Mix on CIVPOL, MRAP, and Air Wing Higher LOGCAP IV and New Training and Mentoring Contracts in Afghanistan LCCS Settlement (Millions) Losses Additions |
 Page 23 August 1, 2011 Company on Plan Through June 2011 $1.775B of Revenue at Mid-Point $100M of Adjusted EBITDA at Mid-Point YTD Margins of 5.6% In-Line with Previous Guidance Deleveraging Strategy On-Track $50M Debt Pre-Payment in March 2011 Targeting $100M of Additional Pre-Payment in 2 nd Half of 2011 Second LOGCAP Award Fee Score Higher Score in the Very Good Category De-Risks 2 nd Half Plan Requesting Credit Facility Amendment Summary |
 Page 24 August 1, 2011 Credit Facilities Amendment Request |
 Page 25 August 1, 2011 Amendment Summary s Financial Covenants Increase Total Leverage covenant to 5.5x over the next 4 quarters, stepping down to 3.25x over time Existing covenant steps down to 4.5x at year end Improve interest coverage covenant so as not to be more restrictive than total leverage Permit up to $50 million of unrestricted cash to be netted in testing covenants (currently capped at $25 million) Amendment Rationale Seeking modest flexibility on covenant levels No other material changes to be made to the credit agreement Offer to lenders will consist of: A 50 bps Amendment Fee to consenting lenders Extension of the 101 soft call provision for an additional 6 months DynCorp is seeking an amendment to improve Leverage and Interest Coverage cushions |
 Page 26 August 1, 2011 Timeline Date Event August 1 st Lender’s Call & Post Revised Model and Amendment Doc August 8 th Consents Due by 5pm ET August 10 th Close Amendment August 2011 Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 |
 Page 27 August 1, 2011 Q&A |
 Page 28 August 1, 2011 Adjusted EBITDA Reconciliation 2011 2011 2011 2010 2009 2008 2007 Three Months Ended July 1, 2011 Six Months Ended July 1, 2011 Twelve Months Ended April 1, 2011 Fiscal Year Ended April 2, 2010 Fiscal Year Ended April 3, 2009 Fiscal Year Ended March 28, 2008 Fiscal Year Ended March 30, 2007 (Amounts in thousands) Forecast - Midpoint Forecast - Midpoint Actual Actual Actual Actual Actual RECONCILIATION OF NET INCOME/ (LOSS) ATTRIBUTABLE TO DELTA TUCKER HOLDINGS, INC./PREDECESSOR TO EBITDA AND ADJUSTED EBITDA: Net (loss)/income attributable to Delta Tucker Holdings, Inc./Predecessor 3,250 8,200 (19,947) 77,444 65,818 48,722 29,415 Income tax provision 2,450 6,000 4,973 47,035 39,756 28,434 21,904 Interest expense, net of interest income 23,250 46,750 82,390 55,108 56,587 51,832 68,898 Depreciation and amortization ( 1) 13,300 26,700 50,273 42,578 41,634 43,492 45,251 EBITDA (2) 42,250 $ 87,650 117,689 $ 222,165 $ 203,795 $ 172,480 $ 165,468 $ Equity-based compensation - - 3,518 2,863 1,883 4,599 2,400 Loss on early extinguishment of debt and swap ineffectiveness 1,850 5,000 3,062 648 5,376 - 9,201 Loss on Afghanistan contracts - 250 1,974 16,501 40,511 (2,640) - (Gains)/Losses due to fluctuation in foreign exchange rates 150 200 (145) (353) (400) - - Earnings from affiliates not received in cash (3) 250 300 (618) (1,863) (2,413) (2,072) (1,191) Retention bonuses, severance and acquisition earnouts 600 8,000 12,880 1,959 - - 4,800 Management fees (4) 700 1,200 1,145 - - - - WWNS - - - (10,000) - 10,967 - (1,800) (2,600) 73,950 3,622 - - - - - 6,271 - - - - Adjusted EBITDA (7) 44,000 $ 100,000 $ 219,726 $ 235,542 $ 248,752 $ 183,334 $ 180,678 $ (4) Amount presented relates to the Successor period management fees, we excluded the Predecessor management fees from the EBITDA adjustments above. (5) Amount includes acquisition accounting fair market value adjustments, Merger-related and other acquisition expenses and changes in certain accruals and reserves required by GAAP. (6) Per the terms of our Credit Agreement, the amount of cost savings, operating expense reductions and synergies projected as a result of specified actions taken or with respect to which substantial steps have been taken during the period should be an adjustment to EBITDA to arrive at Adjusted EBITDA. (7) We believe that Adjusted EBITDA is useful in assessing our ability to generate cash to cover our debt obligations including interest and principal payments. As such, we add back certain non-cash items from operations and certain other items as defined in our 10.375% Senior Unsecured Notes and our Credit Facility. Non-GAAP financial measures are not intended to be a substitute for any GAAP financial measure and, as calculated, may not be comparable to other similarly titled measures of the performance of other companies. (1) Amount includes certain depreciation and amortization amounts which are classified as Cost of services on our Unaudited Condensed Consolidated Statements of Income. (2) We define EBITDA as GAAP net income attributable to the Company. adjusted for interest, taxes, depreciation and amortization. We believe these non-GAAP financial measures are useful in evaluating operating performance and are regularly used by security analysts, institutional investors and other interested parties in reviewing the Company. Non-GAAP financial measures are not intended to be a substitute for any GAAP financial measure and, as calculated, may not be comparable to other similarly titled measures of the performance of other companies. (3) Includes our unconsolidated affiliates, except GLS. $ $ $ $ $ $ $ $ Annualized operational efficiencies Acquisition accounting and Merger-related items (5) (6) |