Strategic Alliance With Delta December, 2011

Transcription

1 Values Strategic Alliance With Delta December, 2011 Innvatin Results riented Sustainability Security Client riented 1

2 Agenda Operatin Resume 1 Operatin Benefits 2 2

3 Disclaimer The material that fllws is a cnfidential presentatin f general backgrund infrmatin abut Gl Linhas Aéreas Inteligentes S.A. and its subsidiaries (cllectively, Gl r the Cmpany ) as f the date f the presentatin. It is infrmatin in summary frm and des nt purprt t be cmplete. N representatin r warranty, express r implied, is made cncerning, and n reliance shuld be placed n, the accuracy, fairness, r cmpleteness f this infrmatin. This cnfidential presentatin may cntain certain frward-lking statements and infrmatin relating t Gl that reflect the current views and/r expectatins f the Cmpany and its management with respect t its perfrmance, business and future events. Frward lking statements include, withut limitatin, any statement that may predict, frecast, indicate r imply future results, perfrmance r achievements, and may cntain wrds like believe, estimate, anticipate, expect, envisages, will likely result, r any ther wrds r phrases f similar meaning. Such statements are subject t a number f risks, uncertainties and assumptins. We cautin yu that a number f imprtant factrs culd cause actual results t differ materially frm the plans, bjectives, expectatins, estimates and intentins expressed in this presentatin. In n event, neither the Cmpany nr any f its affiliates, directrs, fficers, agents r emplyees, shall be liable befre any third party (including investrs) fr any investment r business decisin made r actin taken in reliance n the infrmatin and statements cntained in this presentatin r fr any cnsequential, special r similar damages. This presentatin des nt cnstitute an ffer, r invitatin, r slicitatin f an ffer, t subscribe fr r purchase any securities. Neither this presentatin nr anything cntained herein shall frm the basis f any cntract r cmmitment whatsever. The market and cmpetitive psitin data, including market frecasts and statistical data, used thrughut this presentatin was btained frm internal surveys, market research, independent cnsultant reprts, publicly available infrmatin and gvernmental agencies and industry publicatins in general. Althugh we have n reasn t believe that any f this infrmatin r these reprts are inaccurate in any material respect, we have nt independently verified the cmpetitive psitin, market share, market size, market grwth r ther data prvided by third parties r by industry r ther publicatins. Gl des nt make any representatin as t the accuracy f such infrmatin. This presentatin and its cntents are prprietary infrmatin and may nt be reprduced r therwise disseminated in whle r in part withut Gl s prir written cnsent. 3

4 1 Operatin Resume 4

5 Binding Agreement Next Steps Agreement Details 06/Dec 07/Dec 21/Dec 21/Dec 21/Dec Binding Agreement Annuncement Bard f Directr s Apprval Investment f US$ 100 millin in exchange fr Preferred Shares (ADS) ADS Emissin Private Offering* 100 millin in exchange fr preferred shares ( ADS ) Price equivalent t R$22 per share Perid f 30 days in a private ffering, after Bard apprval 22/Dec Delta s Clsing 1~31 Jan Minrity Assignment Rights* TBD Auctin f Remaining Shares TBD End f Distributin *An pprtunity t exercise statutry pre-emptive rights in regard t capital increase being assured t all GOL sharehlders, including ADS hlders 5

6 Persnnel, jbs and envirnment. The biggest maintenance center in Latin America is nt ging t take care nly f aircraft. 2 Operatin Benefits 6

7 Acquisitin f US$100 millin f GOL s Preferred Share by Delta Strengthening f Operatinal Synergies Between the Cmpanies An increase in the scpe f the cde-share agreement (flight sharing) GOL use its cde fr Delta s flights between Brazil, United States and thers Delta use its cde fr GOL s flights (Brasil, Caribe, América d Sul) Crdinatin f flight schedules Increase the attractiveness f the cmpanies jint services Facilitating flight cnnectins, carg and passenger 400 destinatins in ver 70 cuntries served by GOL and Delta Jint cmmercial and prmtinal activities Transfer f the lease f tw remaining Being 767 aircraft in GOL s fleet Transfer f leasing and spare parts Explring synergies in passenger services, maintenance and lgistical supprt Electin f a Delta representative t the Cmpany s Bard f Directrs as lng as Delta hlds at least 50% f the ADSs acquired in the investment 7

8 Strategic Benefits f the Investment Cmercial agreement with Delta strengthens GOL s strategic psitin Destinatins Served by Delta Nrth America and Suth America Asia Africa Eurpe Delta is the largest airline in the wrld in terms f passenger-kilmeters transprted and has mre internatinal rutes than any ther U.S. airline. Surce: Delta Airlines Website 8

9 Q&A 9

10 GOL Investr Relatins Thank Yu 10