 Exhibit 99.1 Bristow Group Inc. Investor Relations Presentation June 11 – 15, 2012 |
 2 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 expenditures, fleet composition, capabilities and results; modeling information, earnings guidance, expected operating margins and other financial projections; future dividends, share repurchase and other uses of excess cash; 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 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. 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. |
 3 Bristow is the leading provider of helicopter services and is a unique investment in oil field services • ~20 countries • 556 aircraft • ~3,400 employees • Ticker: BRS • Stock price * : $40.03/share • Market cap * : ~$1.5 billion • Quarterly dividend of $0.20/share Bristow flies crews and light cargo to production platforms, vessels and rigs * Based on 36.8 million fully diluted weighted average shares outstanding for the three months ended 03/31/2012 and stock price as of June 6 th , 2012 |
 4 Why Bristow? $275 • Bristow is the largest of only two global helicopter providers • Bristow is stable as we have long term contracts that serve mostly production • Bristow is growing with demand not dependent on economic or commodity cycles • Bristow’s asset values are resilient even in depressed economic times as there is strong demand for helicopters outside of E&P • Bristow pays a quarterly dividend of $0.20/share after a 33% increase in 2012 (our fiscal year 2013), and has a $100 million share repurchase authorization |
 5 2.79 2.27 0.53 • Safety is our primary core value • Bristow’s ‘Target Zero’ program is now the leading example emulated industry-wide • Bristow accident rate is less than one fifth the average rates for the oil and gas industry and all civil helicopters • Safety Performance accounts for 25% of management incentive compensation • 2011 National Ocean Industries Association (NOIA) Safety in Seas Award Winner * Averages for most recently available three-year period: Helicopter Association International 2007-2009, International Oil & Gas Producers 2005-2007, Bristow Group, 2009- 2011, excluding Bristow Academy 3-year average air accident rates * per 100K flight hours Bristow Oil & Gas industry All civil helicopters TARGET ZERO, our industry leading safety program, creates differentiation and client loyalty |
 Bristow services are utilized in every phase of offshore oil and gas activity, especially production • Largest share of revenues (>60%) relates to oil and gas production, ensuring stability and growth • There are ~ 8,000 offshore production installations worldwide—compared with >600 exploratory drilling rigs • ~ 1,700 helicopters servicing oil and gas industry of which Bristow’s fleet is approximately one third • Bristow revenues primarily driven by operating expenditures ABANDONMENT EXPLORATION SEISMIC H e l i c o p t e r t r a n s p o r t a t i o n s e r v i c e s Typical revenues by segment DEVELOPMENT PRODUCTION Exploration 20% Development 10% Production 60% Other 10% |
 Bristow’s contract and operations structure results in more predictable income with significant operating leverage Revenue sources • Two tiered contract structure includes both: – Fixed or monthly standing charge to reserve helicopter capacity – Variable fees based on hours flown with fuel pass through • Bristow contracts earn 65% of revenue without flying Operating income Fixed monthly 65% Variable hourly 35% Fixed monthly 70% Variable hourly 30% |
 Bristow, as the global leader, continues to be well positioned in all key offshore basins * Unconsolidated affiliate #2 #2 #1 #1* #2 #1 #2 #1* #1 #1* #1 #1 8 |
 9 • Europe represents 39% of Bristow operating revenue and 41% of adjusted EBITDAR* in Q4 FY12 • Operating revenue increased to $121.0M from $101.2M in Q4 FY11 due to increased flying activity • Adjusted EBITDAR margin increased to 36.1% in Q4 FY12 from 34.4% in Q4 FY11 reflecting higher activity levels and was 32.9% for FY12 Outlook: • Awarded GAP Search and Rescue contract in the Northern North Sea that will require four large aircraft beginning in July 2013 • Historically high bidding activity for contracts for over 20 large aircraft all starting between October 2012 – September 2014 FY13 adjusted EBITDAR margin expected to be ~ in the low thirties Europe (EBU) is our largest BU with significant growth opportunities to both diversify and increase market share * Operating revenue and adjusted EBITDAR percentages exclude corporate and other. |
 10 West Africa (WASBU) strategy is to maintain the proven and consistent premier brand • Nigeria represents 22% of Bristow operating revenue and 23% of adjusted EBITDAR* in Q4 FY12 • Operating revenue of $66.2M in Q4 FY12 increased from $50.8M in Q4 FY11 due to new contracts and price increases • Adjusted EBITDAR margin of 36.6% in Q4 FY12 vs 34.3% in Q4 FY11 and 35% for FY12 • Increased activity reflected in increase in flying hours and ad hoc work over prior year quarter Outlook: • Opportunities exist for the extension of several contracts with improved contract terms • Key changes to our operating model in order to compete more effectively on a local basis FY13 adjusted EBITDAR margin expected to be ~ low thirties * Operating revenue and adjusted EBITDAR percentages exclude corporate and other. |
 11 Australia (AUSBU) strategy entails a focus on the organic growth and the Client Promise • Australia represented 14% of Bristow operating revenue and adjusted EBITDAR* in Q4 FY12 • Operating revenue of $43.4M in Q4 FY12 increased from $40.8M in Q4 FY11 due to increased utilization • Adjusted EBITDAR increased to $15.5M in Q4 FY12 from $12.7M in Q4 FY11 and was $36.0M for FY12 • Increase in adjusted EBITDAR margin to 35.6% in Q4 FY12 from 23.5% in Q3 FY12, reflecting higher utilization, which increased the adjusted EBITDAR margin for FY12 to 24.3% Outlook: • Awaiting the results of a large tender • Some short term contracts roll off in Q1 FY13 and will allow for ad hoc work or redeployment * Operating revenue and adjusted EBITDAR percentages exclude corporate and other. FY13 adjusted EBITDAR margin expected to be ~ mid to high twenties |
 12 Other International (OIBU) strategy is to develop new markets through geographic R&D and partnerships • Other International represented 11% of Bristow operating revenue and 14% of adjusted EBITDAR* in Q4 FY12 • Operating revenue decreased to $34.6M in Q4 FY12 vs. $36.3M in Q4 FY11 due to exiting Libya and was partially offset by new contracts • Adjusted EBITDAR margin of 42.9% in Q4 FY12 decreased over Q4 FY11 of 59.4% and was 39.5% for FY12 (Lider Impact) • Lider equity earnings decreased to $1.0M in Q4 FY12 from $6.2M in Q4 FY11, negative $3.3M in FY12 vs. $8.5M in FY11 due to the foreign exchange impact and aircraft maintenance in Q4 FY12 Outlook: • Awaiting result of the Petrobras tender for up to 10 large aircraft • Major IOC contract in Brazil extended until FY14 while adding a fourth medium aircraft • Exploring East Africa as future growth market * Operating revenue and adjusted EBITDAR percentages exclude corporate and other. FY13 adjusted EBITDAR margin expected to be ~ low to mid forties |
 13 • • North America represents 14% of Bristow operating revenue and 8% of adjusted EBITDAR in Q4 FY12 • Adjusted EBITDAR increased to $8.2M in Q4 FY12 vs. $3.4M in Q4 FY11 • Adjusted EBITDAR margin of 19.4% in Q4 FY12 increased significantly from 8.5% in Q4 FY11; FY12 adjusted EBITDAR margin was 17.3%. • Increase in adjusted EBITDAR margin from prior year quarter is a result of the higher LACE Rates for larger aircraft as well as cost management Outlook: • Activity in the Gulf of Mexico picking up with continued inquiries for additional medium and large aircraft to support seismic and deepwater exploration • Successfully negotiating better contract terms with several clients in GoM and Alaska • Supply and demand on medium and large aircraft tightening significantly FY13 adjusted EBITDAR margin expected to be ~ low twenties North America (NABU) strategy is to focus on large aircraft contracts as deepwater drilling recovers * Operating revenue and adjusted EBITDAR percentages exclude corporate and other. |
 14 Our investment proposition is based on three principles: secular growth, financial safety, and balanced return 2. Prudent Balance Sheet Management with ample liquidity 1. Growth not dependent on economic or commodity cycles 3. Capital Return through dividends and opportunistic share repurchases Investment: FY 2012 - 2016 Long term value for our shareholders |
 15 56 North America Brazil, Peru, Trinidad Gulf of Guinea Europe Mid East, East Africa, India, Bangladesh Malaysia, Thailand Indonesia Australia Small Medium Large Total Opportunities * 1. Bristow Growth: A wider scope with 428 opportunities identified between FY13 and FY17 30 Russia / Caspian |
 16 The market outlook is better as we enter FY13 Overall activity above pre- 2008 levels • The overall market both in terms of tender activity and pricing is improving • North Sea tender activity remains at historic levels • Aircraft supply is tightening with significant SAR requirements (both governmental and O&G) and faster Brazilian expansion Brazil growth accelerates NABU market returning • Petrobras board approved 52 incremental aircraft through FY15 with a focus on heavy aircraft • Demand outside Brazil is at least equal to Petrobras needs further tightening supply/demand for heavies • Most clients increasing activity in GoM as rigs go back to work • Eastern Canada new drilling activity increasing with Statoil, ExxonMobil and Chevron |
 17 2. Bristow enjoys the strongest balance sheet in the business with ample cash flow, liquidity, and asset value Ample Liquidity with underlying asset value Significant Cash Flow Generation • Bristow generated 53% more operating cash flow in FY12 compared to FY11 • In FY12, cash increased by over 125% and Bristow has over $400 million of liquidity • Current fair market value of aircraft is well above current share price Prudent Balance sheet management • Adjusted Debt/Capital Ratio less than 45% with a BBB- rating from Standard and Poor’s • Operating lease strategy used to finance growth with a much lower cost of capital |
 18 Our focus on returns has yielded much higher operating cash flow generation in FY12 . . . Bristow generated 53% more operating cash flow in FY12 compared to FY11 Net cash provided by operating activities See 10-K for more information on cash flow provided by operating activities 87.6 127.9 195.4 151.4 231.3 |
 19 . . . leading to a robust cash and liquidity position Total liquidity as of March 31 • In FY12, cash on hand increased by ~ 125% • Total liquidity, including cash on hand and unused revolver capacity, has increased by more than 50% from FY11 • In Q4 FY12 we have also paid down over $75M of long and short term debt • Higher liquidity allows for internal funding of growth and protection in uncertain economic times |
 20 Bristow’s asset values are resilient as there is strong demand for helicopters after oil field services |
 21 3. Bristow has a proven commitment to a balanced return for our shareholders as demonstrated in the past year Share Repurchase Regular Dividend • FY12 quarterly dividend initiated at $0.15/share • We recently increased the quarterly dividend by 33% to $0.20/share • Bristow has a $100 million share repurchase authorization with $25 million executed • Value is key to decision with net book value and Aircraft FMV being guide posts |
 22 Bristow can and will provide a unique and balanced return in various market environments The “Growth Price Signal” is provided by the commercial markets and outlook for ANNUAL EPS Growth Cash Flow Yield = OCF + A/C sales – Depreciation Market Capitalization We can provide a balanced return, but some years we will “Go Faster” depending on price signals The “Capital Return Price Signal” is provided by the financial markets and our current free cash flow yield Today this equals 13.1 % FY13 EPS Guidance: $3.25 - $3.55 FY12 – FY13 EPS Midpoint Growth 9.0 % = |
 23 Bristow Group Inc. (NYSE: BRS) 2103 City West Blvd., 4 Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com Contact Us th |
 24 Appendix |
 25 Organizational Chart - as of March 31, 2012 Business Unit (* % of FY12 Operating Revenue) Corporate Region ( # of Aircraft / # of Locations) Joint Venture (No. of aircraft) Key Operated Aircraft Bristow owns and/or operates 361 aircraft as of March 31, 2012 Affiliated Aircraft Bristow affiliates and joint ventures operate 195 aircraft as of March 31, 2012 |
 26 Aircraft Fleet – Medium and Large As of March 31, 2012 Next Generation Aircraft Medium capacity 12-16 passengers Large capacity 18-25 passengers Mature Aircraft Models Aircraft Type No. of PAX Engine Consl Unconsl Total Ordered Large Helicopters AS332L Super Puma 18 Twin Turbine 25 - 25 - AW189 16 Twin Turbine - - - 6 EC225 25 Twin Turbine 18 - 18 - Mil MI 8 20 Twin Turbine 7 - 7 - Sikorsky S-61 18 Twin Turbine 2 - 2 - Sikorsky S-92 19 Twin Turbine 30 2 32 9 82 2 84 15 LACE 75 Medium Helicopters AW139 12 Twin Turbine 7 2 9 - Bell 212 12 Twin Turbine 2 14 16 - Bell 412 13 Twin Turbine 34 20 54 - EC155 13 Twin Turbine 3 - 3 - Sikorsky S-76A/A++ 12 Twin Turbine 16 6 22 - Sikorsky S-76C/C++ 12 Twin Turbine 54 33 87 - 116 75 191 - LACE 53 |
 27 Aircraft Fleet – Small, Training and Fixed As of March 31, 2012 (continued) Next Generation Aircraft Mature Aircraft Models Small capacity 4-7 passengers Training capacity 2-6 passengers •LACE does not include held for sale, training and fixed wing helicopters Aircraft Type No. of PAX Engine Consl Unconsl Total Ordered Small Helicopters Bell 206B 4 Turbine 1 2 3 - Bell 206 L-3 6 Turbine 4 6 10 - Bell 206 L-4 6 Turbine 29 1 30 - Bell 407 6 Turbine 39 - 39 - BK 117 7 Twin Turbine 2 - 2 - BO-105 4 Twin Turbine 2 - 2 - EC135 7 Twin Turbine 6 3 9 - 83 12 95 - LACE 21 Training Helicopters AW139 12 Twin Turbine - 3 3 - Bell 412 13 Twin Turbine - 8 8 - Bell 212 12 Twin Turbine - 15 15 - AS355 4 Twin Turbine 2 - 2 - AS350BB 4 Turbine - 36 36 - Agusta 109 8 Twin Turbine - 2 2 - Bell 206B 6 Single Engine 14 - 14 - Robinson R22 2 Piston 11 - 11 - Robinson R44 2 Piston 2 - 2 - Sikorsky 300CB/Cbi 2 Piston 46 - 46 - Fixed Wing 1 - 1 - 76 64 140 - Fixed Wing 4 42 46 - Total 361 195 556 15 TOTAL LACE (Large Aircraft Equivalent) 149 |
 28 Consolidated Fleet Changes and Aircraft Sales for Q4 FY12 Q 1 FY12 Q 2 FY12 Q 3 FY12 Q 4 FY12 YTD Fleet Count Beginning Period 373 372 366 364 373 Delivered EC225 2 1 3 S-92 2 3 1 6 Bell 412EP 1 1 Citation XLS 1 1 Total Delivered 2 3 4 2 11 Removed Sales (3) (5) (7) (10) (25) Other* (4) 1 5 2 Total Removed (3) (9) (6) (5) (23) 372 366 364 361 361 * Includes destroyed aircraft, lease returns and commencements Fleet changes EBU WASBU AUSBU OIBU NABU Total * Large 3 - 3 1 - 7 Medium 2 1 1 6 - 10 Small - - - - - - Total 5 1 4 7 - 17 * Table does not include two training helicopters held for sale Aircraft held for sale by BU Large 9 - 1 1 2 - 13 Medium - 1 - - 11 - 12 Small - - 2 - 1 - 3 Fixed - 1 - - - - 1 Training - - - - - 28 28 Total 9 2 3 1 14 28 57 Leased aircraft in consolidated fleet EBU WASBU AUSBU OIBU NABU BA Total # of A/C Sold Cash Received* Q1 FY12 3 2,478 Q2 FY12 5 10,674 Q3 FY12 7 9,075 Q4 FY12 14 31,640 Totals 29 53,867 * Amounts stated in thousands |
 29 Operating Revenue, LACE and LACE rate by BU Op revenue* LACE LACE Rate* AUSBU 148.3 19 7.78 NABU 176.5 30 5.79 WASBU 246.3 22 11.46 EBU 449.9 45 10.10 IBU 141.5 34 4.22 Total 1,162.5 149 7.89 * $ in millions Operating Revenue, LACE, and LACE Rate by BU as of March 31, 2012 |
 30 # Helicopter Class Delivery Date Location Contracted # Helicopter Class Delivery Date 1 Large June 2012 OIBU 1 of 1 1 Medium June 2013 1 Large June 2012 WASBU 1 of 1 2 Medium September 2013 5 Large December 2012 EBU 3 of 5 1 Large September 2013 2 Large March 2013 EBU 2 of 2 2 Medium December 2013 1 Large September 2014 NABU 5 Large December 2013 1 Large December 2014 OIBU 1 Large March 2014 1 Large March 2015 OIBU 1 Large June 2014 1 Large June 2015 EBU 1 Medium September 2014 1 Large March 2016 EBU 1 Large September 2014 1 Large June 2016 AUSBU 2 Medium December 2014 15 7 of 15 1 Large December 2014 2 Medium March 2015 * Six large ordered aircraft expected to enter service late 1 Large March 2015 calendar 2014 are subject to the successful development 2 Medium June 2015 and certification of the aircraft. 2 Large June 2015 Order book does not include two large leased aircraft 2 Large September 2015 under contract with delivery dates in June and September 2 Large December 2015 2012 quarters. 1 Large March 2016 2 Large June2016 2 Large September 2016 2 Large December 2016 1 Large March 2017 1 Large June2017 1 Large September 2017 1 Large December 2017 40 ORDER BOOK* OPTIONS BOOK Order and options book as of March 31, 2012 Fair market value of our fleet is ~$1.9 billion as of March 31, 2012. |
 31 Adjusted EBITDAR margin* trend and reconciliation * Adjusted EBITDAR excludes special items and asset dispositions and calculated by taking adjusted EBITDAR divided by operating revenue |
 32 GAAP reconciliation |
 33 Special items reconciliation |
 34 Leverage Reconciliation *Adjusted EBITDAR exclude gains and losses on dispositions of assets Debt Investment Capital Leverage (a) (b) (c) = (a) + (b) (a) / (c) (in millions) As of March 31, 2012 757.2 $ 1,521.8 $ 2,279.1 $ 33.2% Adjust for: Unfunded Pension Liability 111.7 111.7 NPV of Lease Obligations 190.2 190.2 Guarantees 16.0 16.0 Letters of credit 1.5 1.5 Adjusted 1,076.7 $ (d) 1,521.8 $ 2,598.5 $ 41.4% Calculation of debt to adjusted EBITDAR multiple Adjusted EBITDAR*: FY 2012 319.5 $ (e) Annualized 426.0 $ = (d) / (e) 3.37:1 |
 35 Bristow Group Inc. (NYSE: BRS) 2103 City West Blvd., 4 Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com Contact Us th |