Aviation

Chorus Aviation Holds Investor Day and Outlines Strategic Direction

Time Stamp: March 29, 2023 9:37 AM
Source Node: 2460865

Republished By Plato

HALIFAX, NS, March 29, 2023 /CNW/ – Chorus Aviation Inc. (“Chorus”) (TSX: CHR) announced that it is holding an Investor Day today, March 29, 2023. The presentation materials will be posted to the Chorus website prior to the start of the event. Please note a video recording will be made available on the website shortly following the event.

“Today marks Chorus’ first Investor Day conference, and we are excited to share our vison for the company,” said Colin Copp, President and Chief Executive Officer, Chorus. “There have been significant changes in our business over the past year, including a shift in strategic direction as we pursue an asset light leasing model. These changes are enabling us to significantly deleverage our business while improving the quality of our earnings. With $2.6 billion¹ in future contracted revenues and US $700.0 million of embedded equity value² in Falko’s on-balance sheet portfolio of leased aircraft, we are in a strong position to generate substantial cash flow that can be deployed to enhance shareholder returns and make accretive investments in future growth. I look forward to engaging further with our shareholders and demonstrating the value of our strategy as we execute in the months and years to come,” concluded Mr. Copp.

Investor Day Agenda

The Investor Day will include presentations by Mr. Copp on the company’s strategy and members of the Chorus executive team on their respective subsidiaries and corporate functions:

Welcome
Jolene Mahody, EVP & Chief Strategy Officer
Introduction & Investment Highlights
Colin Copp, President & CEO
Jazz, Sole Air Canada Express Operator
Randolph deGooyer, President, Jazz
Falko, Leading Aircraft Asset Manager & Lessor
Jeremy Barnes, CEO, Falko
Voyageur, Speciality Service Provider
Gary Gilbert, Vice President, Avparts
Financial Performance & Outlook
Gary Osborne, Chief Financial Officer
Key Takeaways
Colin Copp, President & CEO
Question and Answer

Investor Day Content

The following content will be made available on Chorus’ website:

Presentations from the Investor Day will be posted prior to the start of the event
A video recording of the event will be posted following the Investor Day

The presentations include management’s views on the current value of Chorus’ common equity.

Complete details of Chorus’ previously communicated 2023 forecasts and key economic assumptions can be found in Management’s Discussion and Analysis of Operations and Financial Condition dated February 15, 2023 (the “2022 MD&A”) available at www.chorusaviation.com

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Source: https://canadianaviationnews.wordpress.com/2023/03/29/chorus-aviation-holds-investor-day-and-outlines-strategic-direction/

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Chorus Aviation Holds Investor Day and Outlines Strategic Direction

Republished By Plato

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