February 6, 2015 Third quarter FY15 earnings presentation Bristow Group Inc. Exhibit 99.1

2 Third quarter FY15 earnings call agenda Introduction CEO remarks and safety review Operational highlights Current and future financial performance Closing remarks Questions and answers Linda McNeill, Director Investor Relations Jonathan Baliff, President and CEO Jeremy Akel, SVP and COO John Briscoe, SVP and CFO Jonathan Baliff, President and CEO

3 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 and adjusted earnings growth guidance, expected contract revenue, expected operating margins, cash flow stability and other financial projections; future dividends, share repurchases 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, our business model and our operational excellence initiative; expected actions by us and by third parties, including our customers, competitors and regulators; impact of grounding and the effects thereof; 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 including oil prices; expected impact of our investment in Eastern Airways and our acquisition of an interest in Airnorth; aircraft delivery dates 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 fluctuations in the demand for our services; fluctuations in worldwide prices of and supply and demand for natural gas and oil; fluctuations in levels of natural gas and oil exploration, development and production activities; the impact of competition; actions by customers; the risk of reductions in spending on aircraft services by governmental agencies; changes in tax and other laws and regulations; changes in foreign exchange rates and controls; risks associated with international operations; operating risks inherent in our business, including the possibility of declining safety performance; general economic conditions including the capital and credit markets; our ability to obtain financing; the possibility that we may lack sufficient liquidity to continue to repurchase shares or pay a quarterly dividend; the risk of grounding of segments of our fleet for extended periods of time or indefinitely; our ability to re-deploy our aircraft to regions with greater demand; our ability to acquire additional aircraft and dispose of older aircraft through sales into the aftermarket; the possibility that we or our suppliers will be unable to deliver new aircraft on time or on budget; the possibility that we do not achieve the anticipated benefit of our fleet investment program; availability of employees; political instability, war or acts of terrorism in any of the countries where we operate; and 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, 2014 and our Quarterly Report on Form 10-Q for the quarter ended December 31, 2014. 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.

CEO remarks and safety review Jonathan Baliff, President and CEO

5 Operational safety review 1) AAR includes consolidated commercial operations only 2) TRIR includes consolidated commercial operations, corporate and Bristow Academy employees Total Recordable Injury Rate 2 (TRIR) per 200,000 man hours (cumulative) Commercial Air Accident Rate 1 (AAR) per 100,000 flight hours (fiscal year)

6 HeliOffshore: Safety through collaboration • Interest is very strong. Since its launch in October 2014, enrollment has grown to more than 20 members, with an additional 50 in process • Global engagement is underway. Membership interest from all regions of the world • HeliOffshore is producing real results. Airbus Helicopters recently issued the industry’s first standardized EC225 Flight Crew Operating Manual • Sharing is the norm. Member operators are now routinely exchanging safety events, best practices and lessons learned under the HeliOffshore umbrella

7 Q3 FY15 highlights Adjusted EPS and adjusted EBITDAR amounts exclude gains and losses on dispositions of assets and any special items during the period. See reconciliation of these items to GAAP measures in the appendix hereto and in our earnings release for the quarter ended December 31, 2014 Bristow Value Added (BVA) is calculated by taking gross cash flow less the product of gross operating assets times a capital charge of 10.5%. Example calculation can be found in the appendix hereto. Please see our earnings release and slide 24 for more information regarding earnings guidance range * ** *** • Continued operating revenue growth, up 15.2% over Q3 FY14 • Adjusted EBITDAR increased year-over-year, but adjusted EPS is down due primarily to unfavorable changes in foreign exchange rates • Q3 FY15 BVA** is up $7.6 million year-over-year and down $6.4 million sequentially, with gross cash flow returns growing due to growth and excellent capital management • Strong operating cash flow, up 18.3% over YTD Q3 FY14 • EPS guidance for the full year FY15 is being lowered to $4.05 - $4.45 from $4.70 - $5.20*** • Q3 operating revenue of $430.3M (15.2% increase from Q3 FY14, 2.3% decrease from Q2 FY15) • Q3 GAAP EPS loss of $0.03 (105.9% decrease from Q3 FY14, 104.1% decrease from Q2 FY15) • Q3 adjusted EPS* of $0.70 (17.6% decrease from Q3 FY14, 19.5% decrease from Q2 FY15) • Q3 adjusted EBITDAR* of $109.1M (8.3% increase from Q3 FY14, 2.7% decrease from Q2 FY15)

8 Bristow market perspectives Overall oil price perspective • Clients are only at the start of a three phase response in this downturn: retrenching, recalibration, and (eventually) renewal • The strength of the U.S. dollar has impacted Bristow’s current financial results more than the oil price decline • Bristow believes this is not just a supply-oriented decline, but is driven by weaker global economic growth, especially in China and Europe • Because it's supply and demand driven, we believe the current price decline will last (with a significant volatility) between 12 and 24 months • Continued focus on safety with best practice collaboration through HeliOffshore continuing and expanding • Although production-oriented services (like aviation) are doing better than many in energy services, short-term available capacity is increasing • Bristow and clients are proactively working together to find efficiencies and ways to reduce costs, without compromising physical or financial safety • Bristow is also working with our OEM and lessor partners during this downturn to find cost and capital efficiencies Offshore aviation market perspective

9 Operational highlights Jeremy Akel, SVP and COO

10 • Europe contributed 46% of Bristow operating revenue and 47% of adjusted EBITDAR* in Q3 FY15 • Operating revenue increased 22.3% to $193.8M in Q3 FY15 from $158.5M in Q3 FY14 with the net addition of eleven LACE, the addition of Eastern Airways and an overall increase in activity over the comparable quarter • Adjusted EBITDAR increased 15% to $64.2M in Q3 FY15 from $56.0M in Q3 FY14 with adjusted EBITDAR margin of 33.1% in Q3 FY15 vs. 35.3% in Q3 FY14 Outlook: Higher demand for newer technology aircraft in the Southern North Sea from CAP 1145 implementation has resulted in one LACE contracted for up to five years Minor reduction in Norway activity Clients are increasingly focused on efficiency over flexibility with no projects canceled to date Europe (EBU) * Operating revenue and adjusted EBITDAR percentages exclude corporate and other FY15 adjusted EBITDAR margin expected to remain ~ low thirties

11 UK SAR update • From the start of the GAP SAR contract on June 1, 2013 through December 31, 2014, we have conducted 519 missions and rescued and/or assisted 520 people • Sumburgh and Stornoway bases generated $11.9M of operating revenue in Q3 FY15 and $76.1M since the beginning of the contract • Completed construction of the first two UK SAR bases in Inverness and Humberside; non-revenue pre-operational activities have commenced Outlook: Humberside and Inverness on track for contract start April 2015 Five additional bases are on track for Q2-Q4 FY16 start up Seven bases expected to be operational by end FY16

12 West Africa (WASBU) • West Africa (Nigeria) contributed 19% of Bristow operating revenue and 20% of adjusted EBITDAR* in Q3 FY15 • Operating revenue increased to $80.5M in Q3 FY15 from $79.4M in Q3 FY14 due to increased activity levels and improved contract terms • Adjusted EBITDAR increased to $27.9M in Q3 FY15 from $26.6M in Q3 FY14 and adjusted EBITDAR margin increased to 34.6% in Q3 FY15 vs. 33.5% in Q3 FY14 due to increased revenue and implementation of new cost control measures Outlook: Uncertainty around national elections is hindering sector investment Despite clients seeking efficiencies, no projects have been canceled to date Expansion into point-to-point transportation services is on track to start in Q4 FY15 FY15 adjusted EBITDAR margin expected to remain ~ low thirties * Operating revenue and adjusted EBITDAR percentages exclude corporate and other

13 • North America contributed 15% of Bristow operating revenue and 18% of adjusted EBITDAR* in Q3 FY15 • Operating revenue increased to $62.4M in Q3 FY15 from $54.9M in Q3 FY14 primarily due to an increase in the number of medium and large aircraft on contract • Adjusted EBITDAR increased to $24.9M in Q3 FY15 vs. $18.2M in Q3 FY14 while adjusted EBITDAR margin increased to 40.0% from 33.1% in Q3 FY14, driven by a change in the contracted fleet mix and improved utilization Outlook: Additional aircraft mobilized to GoM to meet client demand GoM market and fleet utilization remain robust Despite current global market environment we are not delaying facility improvements North America (NABU) * Operating revenue and adjusted EBITDAR percentages exclude corporate and other FY15 adjusted EBITDAR margin increased from low-to-mid thirties to ~ mid-to-high thirties

14 Australia (AUSBU) • Australia contributed 12% of Bristow operating revenue and 10% of adjusted EBITDAR* in Q3 FY15 • Operating revenue increased by 51.5% to $52.4M in Q3 FY15 from $34.6M in Q3 FY14 • Adjusted EBITDAR increased 157.1% to $13.3M in Q3 FY15 from $5.2M in Q3 FY14 and adjusted EBITDAR margin increased to 25.4% in Q3 FY15 from 15.0% in Q3 FY14 due to the ramp up of the INPEX contract Outlook: Several client exploration projects being delayed Larger client projects are still moving forward Continue to retire old aircraft creating operational efficiencies * Operating revenue and adjusted EBITDAR percentages exclude corporate and other FY15 adjusted EBITDAR margin expected to remain ~ low twenties

15 Bristow has acquired Airnorth, Northern Australia’s largest regional airline • Bristow acquired an 85% interest in the privately owned Airnorth • Airnorth is an Australian regional fixed-wing operator with a balanced portfolio of charter and scheduled flights servicing oil and gas and mining clients from its Darwin hub • Airnorth is a codeshare partner with Qantas • Bristow’s investment is A$30M ($24M USD) with a possible A$17M ($13.5M USD) earn out over ~ three years and includes: 13 fixed-wing aircraft to meet demand for fixed wing/rotor wing tenders from oil and gas clients Current CEO will retain the remaining 15%, subject to a Bristow call option Financial results from Airnorth will be consolidated within Bristow’s AUSBU

16 Airnorth provides scale, stability and positive financial impact for Bristow This investment solidifies Bristow’s ability to offer point-to-point transportation services in four of its five business units leveraging an integrated rotary and fixed wing services model • Bristow Helicopters and Airnorth are culturally aligned with shared core values of safety, quality and service • Together, Bristow Helicopters and Airnorth are positioned to facilitate and expand passengers’ transport experience from home to offshore bases, a market niche underserved by major airlines • Exclusive Darwin hub provides access to key markets in which Bristow can introduce integrated fixed and rotary wing logistics to existing and potential clients • Financially attractive investment with expected immediately accretive EBITDAR, BVA and EPS See 10-Q Note 11 “Subsequent Event” for more information Combined BRS and Airnorth locations BRS locations Airnorth locations Airnorth regular passenger transport route Airnorth charter route Planned LNG plant Operational LNG plant Domestic gas plant

17 • Other International contributed 8% of Bristow operating revenue and 5% of adjusted EBITDAR* in Q3 FY15 • Operating revenue increased to $32.6M in Q3 FY15 vs. $30.8M in Q3 FY14 due to addition of a contract in Tanzania and increased activity in Trinidad • Adjusted EBITDAR decreased to $6.8M in Q3 FY15 vs. $10.2M in Q3 FY14 and adjusted EBITDAR margin decreased to 20.7% in Q3 FY15 from 33.2% in Q3 FY14 primarily as the result of foreign currency exchange rate changes * Operating revenue and adjusted EBITDAR percentages exclude corporate and other Consolidated in OIBU Unconsolidated Affiliate Other International (OIBU) Outlook: Despite headwinds from current price environment, several opportunities continue in Africa, Russia and southeast Asia BU restructuring to simplify business and reduce operating costs Currently evaluating opportunities in point-to-point transportation services FY15 adjusted EBITDAR margin expected to ~ mid thirties

18 Líder update * Reconciliation of adjusted EBITDAR, leverage and BVA provided in the appendix Líder adjusted EBITDAR* • CY14 adjusted EBITDAR was flat year-over-year despite unfavorable changes in foreign currency rates • Absolute BVA contribution to Bristow from Líder was $5.1M* in Q3 FY15 (December 31, 2014) • Adjusted debt to TTM adjusted EBITDAR increased to 2.9x as of December 31, 2014 from 2.8x as of December 31, 2013 Outlook: Petrobras medium aircraft tender closed on January 22 Petrobras large aircraft tender closed on January 29 Despite its current situation, lower lifting costs position Petrobras to grow over the long term benefiting the industry

Current and future financial performance John Briscoe, SVP and CFO

20 $0.85 $0.70 $0.43 $0.30 $0.28 Q3 FY14 Operations Corporate and Other FX Changes Q3 FY15 Financial highlights: Adjusted EPS and adjusted EBITDAR summary year-over-year Q3 FY14 to Q3 FY15 adjusted EPS bridge $100.7 $109.1 $36.5 $15.7 $12.4 Q3 FY14 Operations Corporate and Other FX Changes Q3 FY15 Q3 FY14 to Q3 FY15 adjusted EBITDAR bridge (in millions) Note: Adjusted EPS and adjusted EBITDAR amounts exclude gains and losses on dispositions of assets and any special items during the period. See reconciliation of these items to GAAP in our earnings release for the quarter ended December 31, 2014.

21 LACE and LACE rate continue to increase led by new technology aircraft and improved utilization/terms FY15 average LACE guidance range changed to 165-170 and average LACE rate guidance range changed to $9.00 - $9.50 million * See appendix hereto for more information on LACE and LACE rate. Consolidated commercial aircraft, LACE and LACE rate exclude Bristow Academy, affiliate aircraft, fixed wing aircraft, aircraft held for sale, aircraft construction in progress and reimbursable revenue.

22 Bristow Value Added (BVA) drives improving Gross Cash Flow (GCF) performance • Q3 FY15 absolute BVA is positive $19.7M, a $7.6M or 63% increase from Q3 FY14 • Year-over-year change in BVA is driven by: Solid revenue growth Margin improvement Capital efficiency efforts • EBU and NABU generated key improvements year-over-year Note: BVA is computed by subtracting a capital charge (10.5%) for the use of gross invested capital from after tax operating cash flow. GCF Return % is based on trailing twelve months after tax operating cash flows (Gross Cash Flow) over average quarterly gross invested capital (Gross Operating Assets). Refer to the appendix for additional details.

23 Our progress on BVA yields stronger operating cash flow for growth, dividends and share repurchases Net cash provided by operating activities 1 Total liquidity 2 1) See 10-Q for more information on cash flow provided by operating activities. 2) At period end

24 FY15 guidance updated . . . • FY15 adjusted EPS guidance range is reduced to $4.05 - $4.45, excluding special items and aircraft sales. FY15 guidance includes: *Assuming FY15 revenue earned in same regions and same mix as in FY14. Highlighted figures have changed since the last earnings release. Average LACE (Large AirCraft Equivalent) ~165-170 Interest expense ~ $28 - $32M Average LACE Rate ~ $9.00 - $9.50M Rent expense (aircraft only) ~$140 - $145M G & A expense (all inclusive) ~ $245 - $250M Tax rate* ~ 20 - 23% Depreciation expense ~ $100 - $105M Adj. EPS guidance $4.05 - $4.45 FY15 guidance as of December 31, 2014

25 . . . as we continue to invest for Bristow’s future • Our Q3 FY15 financial performance is similar to our last quarter: excellent BVA and operating cash flow, with adjusted EPS lower than expectations • Declines in recent oil prices with a strengthening dollar are negatively impacting our business in the short term • The FY16 perspective and beyond remains positive given new production-oriented contracts and UK SAR • We continue to work with clients to identify cost effective logistics solutions, with our recent Airnorth acquisition as a prime example • We expect improving BVA, cash flow, and EPS performance, with a commitment to cost control, future prudent investment, and a balanced shareholder return, including doubling of our annual dividend every three to five years

Appendix

27 Organizational chart - as of December 31, 2014 Business Unit (% of FY15 operating revenue) Corporate Region ( # of aircraft / # of locations) Joint Venture (# of aircraft) Key Operated Aircraft Bristow owned and/or operated 369 aircraft as of December 31, 2014 Affiliated Aircraft Bristow affiliates and joint ventures operated 131 aircraft as of December 31, 2014 * Includes corporate and other

28 Aircraft fleet – medium and large as of December 31, 2014 Next Generation Aircraft Medium capacity 12-15 passengers Large capacity 16-25 passengers Mature Aircraft Fair market value of our owned fleet is ~$1.9 billion and leased fleet is ~$1.6 billion Aircraft Type No. of PAX Engine Consl Unconsl Total Ordered Large Helicopters AS332 L Super Puma 18 Twin Turbine 17 - 17 - AW189 16 Twin Turbine 2 - 2 15 EC175 16 Twin Turbine - - - 5 EC225 19 Twin Turbine 26 - 26 1 Mil Mi 8 20 Twin Turbine 7 - 7 - Sikorsky S-61 25 Twin Turbine 2 - 2 - Sikorsky S-92 19 Twin Turbine 69 9 78 6 123 9 132 27 LACE 111 Medium Helicopters AW139 12 Twin Turbine 22 2 24 3 Bell 212 12 Twin Turbine - 14 14 - Bell 412 13 Twin Turbine 22 19 41 - EC155 13 Twin Turbine 1 - 1 - Sikorsky S-76A/A++ 12 Twin Turbine - 5 5 - Sikorsky S-76C/C++ 12 Twin Turbine 51 34 85 - Sikorsky S-76D 12 Twin Turbine 3 - 3 7 99 74 173 10 LACE 47

29 Aircraft fleet – small, training and fixed as of December 31, 2014 (continued) Mature Aircraft Small capacity 4-7 passengers Training capacity 2-6 passengers * LACE does not include held for sale, training helicopters and fixed wing Next Generation Aircraft Aircraft Type No. of PAX Engine Consl Unconsl Total Ordered Small Helicopters AW109 6 Twin Turbine - 1 1 AS 350BB 4 Turbine - 2 2 Bell 206B 4 Turbine 1 2 3 - Bell 206 L Series 6 Turbine 5 6 11 - Bell 407 6 Turbine 32 - 32 - BK-117 7 Twin Turbine 2 - 2 - EC135 6 Twin Turbine - 3 3 - 40 14 54 - LACE 10 Training Helicopters AW109 6 Twin Turbine 2 - 2 - AS 355 5 Twin turbine 2 - 2 - Bell 206B 4 Turbine 12 - 12 - Robinson R22 2 Piston 8 - 8 - Robinson R44 4 Piston 7 - 7 - Sikorsky 300CB/CBi 2 Piston 42 - 42 - Fixed Wing 1 - 1 - 74 - 74 - Fixed Wing 33 34 67 - Total 369 131 500 37 TOTAL LACE (Large Aircraft Equivalent)* 168

30 Small Medium Large Total Leased LACE Total LACE % Leased EBU - 3 37 40 39 70 55% WASBU - 1 1 2 2 20 8% NABU 1 13 5 19 12 34 35% AUSBU 2 2 7 11 9 24 36% OIBU - - - - - 22 - Total 3 19 50 72 60 168 36% Operating lease strategy: lowering the cost and amount of capital needed to grow • Of the 115 aircraft currently leased in our fleet, 72 are commercial (60 LACE), 30 are training and 13 fixed wing • 60 LACE aircraft represent approximately 36% of our commercial fleet • Our goal is for commercial fleet operating leases to account for approximately 30-35% of our LACE Leased aircraft as of December 31, 2014 * The percentage of LACE leased is calculated by taking the total LACE for leased aircraft divided by the total LACE for all aircraft we operate, including both owned and leased aircraft. See 10-Q Note 5 “Commitments and Contingencies” for more information provided on operating leases. *

31 Consolidated fleet changes and aircraft sales for Q3 FY15 See 10-Q Note 5 “Commitments and Contingencies” for more information provided on operating leases. # of aircraft sold Cash received* Q1 FY15 4 4.7 $ Q2 FY15 7 8.2 $ Q3 FY15 4 2.5 $ Total 15 15.4 $ * Amounts stated in millions Small Medium Large Training Fixed wing Total EBU - 3 37 - 13 53 WASBU - 1 1 - - 2 NABU 1 13 5 - - 19 AUSBU 2 2 7 - - 11 OIBU - - - - - - Academy - - - 30 - 30 Total 3 19 50 30 13 115 Leased aircraft in consolidated fleet Q1 FY15 Q2 FY15 Q3 FY15 Fleet Count Beginning 363 363 363 Delivered Large 6 2 4 Medium 3 - 2 Total Delivered 9 2 6 Removed Sales (4) (7) (4) Other* (5) 5 4 Total Removed (9) (2) - 363 363 369 * Includes writeoffs, lease returns and commencements Fleet changes Small Medium Large Training Total EBU - - 8 - 8 WASBU - 2 2 - 4 NABU - - - - - AUSBU - - 2 - 2 OIBU - 3 - - 3 Academy - - - 1 1 Total - 5 12 1 18 Held for sale aircraft in consolidated fleet

32 Operating revenue, LACE and LACE rate by BU 4 1) $ in millions 2) LACE rate is annualized 3) $ in millions per LACE 4) Excludes Bristow Academy and Eastern Airways YTD op revenue 1 LACE LACE Rate 2,3 EBU $487 70 $9.33 WASBU 241 20 16.04 NABU 176 34 7.00 AUSBU 146 24 8.29 OIBU 104 22 6.44 Total $1,176 168 $9.33 Operating Revenue, LACE, and LACE Rate by BU as of December 31, 2014

33 Historical LACE by BU Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EBU 45 45 45 42 42 43 48 46 44 46 46 45 WASBU 23 23 24 25 24 24 21 22 23 22 22 22 NABU 39 36 36 36 39 35 34 29 30 29 30 30 AUSBU 20 20 22 22 20 23 24 20 19 20 20 19 OIBU 36 34 34 35 33 33 33 38 39 38 38 34 Consolidated 163 158 161 160 157 158 159 154 154 154 155 149 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 EBU 47 45 51 55 57 59 59 56 61 67 70 WASBU 22 22 20 21 21 21 22 23 23 23 20 NABU 30 31 39 37 37 33 34 34 33 32 34 AUSBU 18 17 17 19 19 19 20 22 23 22 24 OIBU 32 28 27 27 27 28 28 24 25 23 22 Consolidated 147 142 154 158 161 160 162 158 163 166 168 LACE FY11 FY12 FY10 FY13 FY14 FY15

34 Historical LACE rate by BU Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 EBU $8.36 $8.28 $8.40 $8.76 $8.20 $8.50 $7.90 $8.40 $9.80 $9.60 $9.63 $10.09 WASBU 9.08 8.81 8.66 8.34 9.70 9.40 10.70 9.90 9.10 10.30 11.17 11.46 NABU 5.05 5.44 5.26 5.23 5.40 6.10 6.00 6.60 5.80 6.30 5.89 5.79 AUSBU 5.38 5.56 5.59 5.67 6.80 6.00 6.00 7.50 8.60 7.10 6.96 7.78 OIBU 3.66 4.09 4.06 3.78 3.90 4.10 4.40 3.90 3.50 3.70 3.78 4.22 Consolidated $6.31 $6.52 $6.49 $6.45 $6.70 $6.90 $6.90 $7.10 $7.30 $7.40 $7.43 $7.89 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 EBU $10.60 $11.03 $9.74 $9.13 $9.63 $9.95 $10.30 $10.84 $10.60 $9.78 $9.33 WASBU 12.35 12.24 13.71 13.28 14.26 14.62 14.17 13.99 14.21 14.23 16.04 NABU 7.05 7.11 5.84 6.12 6.34 7.13 6.75 6.84 7.02 7.04 7.00 AUSBU 8.48 9.29 9.55 8.58 8.04 7.74 7.21 6.76 8.27 8.72 8.29 OIBU 4.22 4.62 4.76 4.94 4.97 4.73 4.58 5.57 5.80 6.20 6.44 Consolidated $8.55 $8.95 $8.49 $8.35 $8.78 $9.07 $8.97 $9.34 $9.55 $9.43 $9.33 LACE Rate 1,2 FY10 FY11 FY12 FY13 FY14 FY15 1) $ in millions 2) LACE rate is annualized

35 Order and options book as of December 31, 2014 1) Five large aircraft on order and seven large aircraft on option are subject to the successful development and certification of the aircraft 2) SAR configured # Helicopter Class Delivery Date 2 Large June-16 3 Medium June-16 3 Large September-16 2 Medium September-16 4 Large December-16 1 Medium December-16 2 Large March-17 1 Medium March-17 2 Large June-17 1 Medium June-17 3 Large September-17 1 Medium September-17 4 Large December-17 3 Medium December-17 1 Large March-18 2 Medium March-18 1 Large June-18 1 Large September-18 1 Large December-18 1 Large March-19 39 OPTIONS BOOK # Helicopter Class Delivery Date Location Contracted 3 Medium March-15 IBU 3 of 3 3 Medium June-15 WASBU 2 Large September-15 EBU 2 1 Large September-15 NABU 1 of 1 4 Medium September-15 WASBU 2 Large December-15 AUSBU 2 1 of 2 2 Large December-15 EBU 2 Large December-15 EBU 2 1 Large March-16 EBU 1 Large June-16 EBU 1 Large June-16 NABU 1 Large September-16 NABU 2 Large December-16 NABU 1 Large March-17 NABU 26 5 of 26 ORDER BOOK 1

36 Order and options book as of December 31, 2014 (continued) # Helicopter Class Delivery Date Location Contracted 5 Large March-15 EBU 5 of 5 2 Large June-15 EBU 2 of 2 2 Large June-15 EBU 2 of 2 2 Large September-15 EBU 2 of 2 2 Large December-15 EBU 2 of 2 13 13 of 13 The aircraft that are indicated in grey italic will be leased upon delivery. UK SAR CONFIGURED ORDER BOOK

37 Total net asset FMV with and without leased aircraft FMV NOTE: The gray shaded area represents the range of FMV with and without the impact of leased aircraft (upper range includes leased aircraft and related NPV of lease payments; lower range excludes FMV of leased aircraft as well as the NPV of lease payments). The reconciliation for net asset FMV per share ( ) and net asset FMV per share implied by our UK SAR aircraft ( ) is provided on the following pages. shaded area

38 Net asset FMV reconciliation as of December 31, 2014 (in millions) Including leases Excluding leases (+) FMV of aircraft $1,944 $1,944 (+) FMV of leased aircraft 1,564 - (+) NBV of PPE without aircraft 576 576 (+) Working capital 259 259 (-) LT debt (804) (804) (-) Leased imputed debt (650) - (-) Pension liability (62) (62) Net asset FMV $2,828 $1,913 # of common shares 35.1 35.1 Net asset FMV per share $80.62 $54.55 December 31, 2014

39 UK SAR net asset FMV reconciliation UK SAR contribution (in millions) December 31, 2014 FY16 - FY17 Implied (+) FMV of aircraft $1,944 $79 $2,023 (+) FMV of leased aircraft 1,564 172 1,737 (+) NBV of PPE without aircraft 576 113 689 (+) Working capital 259 174 433 (-) LT debt (804) (88) (892) (-) Leased imputed debt (650) (95) (744) (-) Pension liability (62) - (62) Net asset FMV $2,828 $355 $3,183 # of common shares 35.1 35.1 35.1 Net asset FMV per share $80.62 $10.13 $90.75

40 Adjusted EBITDAR margin* trend * Adjusted EBITDAR excludes special items and asset dispositions and margin is calculated by taking adjusted EBITDAR divided by operating revenue Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year EBU 33.0% 31.4% 30.7% 36.1% 32.9% 32.2% 34.6% 39.5% 38.3% 36.2% WASBU 29.5% 35.5% 37.2% 36.6% 35.0% 31.9% 26.5% 35.0% 31.8% 31.5% NABU 14.3% 20.6% 14.8% 19.4% 17.3% 23.2% 20.7% 29.1% 29.5% 25.7% AUSBU 20.2% 14.4% 23.5% 35.6% 24.3% 27.0% 28.0% 27.3% 26.0% 27.1% OIBU 48.1% 19.1% 47.8% 42.9% 39.5% 36.2% 44.2% 55.7% 51.6% 46.6% Consolidated 23.4% 24.0% 27.6% 31.2% 26.6% 26.3% 26.1% 31.5% 29.4% 28.3% Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 EBU 30.3% 35.3% 35.3% 37.3% 34.7% 34.1% 33.7% 33.1% WASBU 31.3% 30.4% 33.5% 33.2% 32.1% 25.6% 31.1% 34.6% NABU 29.2% 31.0% 33.1% 35.4% 32.1% 39.7% 32.4% 40.0% AUSBU 17.7% 21.0% 15.0% 24.0% 19.6% 23.7% 22.6% 25.4% OIBU 67.4% 39.3% 33.2% 53.3% 47.7% 41.4% 18.5% 20.7% Consolidated 28.5% 28.7% 27.0% 30.4% 28.6% 29.2% 25.4% 25.3% FY13 FY14 FY12 FY15

41 Adjusted EBITDAR* reconciliation * Adjusted EBITDAR excludes special items and asset dispositions ($ in millions) Q1 Q2 Q3 Q4 FY12 Q1 Q2 Q3 Q4 FY13 Net income $21 $3 $26 $15 $65 $24 $30 $37 $40 $132 Income tax expense $7 -$2 $7 $2 $14 $6 $8 $8 $13 $35 Interest expense $9 $9 $10 $10 $38 $9 $9 $15 $10 $42 Gain on disposal of assets -$1 $2 $3 $29 $32 $5 $1 -$7 -$7 -$8 Depreciation and amortization $23 $25 $23 $25 $96 $21 $23 $25 $27 $96 Special items $0 $25 $0 $3 $28 $2 -$2 $15 $2 $16 Adjusted EBITDA Subtotal $58 $62 $69 $84 $273 $68 $70 $92 $85 $314 Rental expense $9 $9 $13 $15 $46 $16 $15 $18 $18 $67 Adjusted EBITDAR $67 $71 $82 $99 $319 $84 $85 $109 $103 $381 ($ in millions) Q1 Q2 Q3 Q4 FY14 Q1 Q2 Q3 Net income $27 $110 $19 $32 $188 $45 $28 $0 Income tax expense $8 $41 $3 $6 $57 $12 $6 $1 Interest expense $20 $9 $7 $8 $45 $7 $8 $7 Gain on disposal of assets $2 $3 -$4 $0 $1 -$1 $0 $26 Depreciation and amortization $23 $24 $24 $26 $96 $25 $28 $24 Special items $0 -$102 $24 $20 -$59 $6 $7 $5 Adjusted EBITDA Subtotal $79 $85 $72 $92 $328 $95 $77 $63 Rental expense $23 $23 $28 $31 $106 $33 $35 $46 Adjusted EBITDAR $102 $109 $101 $123 $434 $128 $112 $109 Fiscal year ended, 3/31/2012 3/31/2013 3/31/2014 3/31/2015 Fiscal year ended,

42 Bristow Value Added (BVA) Sample calculation for Q3 FY15 and Q3 FY14 Bristow Value Added = Gross Cash Flow – (Gross Operating Assets X Capital Charge) BVA = GCF – (GOA x 10.5%**) Bristow Value Added calculation for Q3 FY15 $19.7 = $118.1* – ($3,751* x 2.625%**) Bristow Value Added calculation for Q3 FY14 $12.1 = $100.8* – ($3,378* x 2.625%**) * Reconciliation for these items follows right after this slide ** Quarterly capital charge of 2.625% is based on annual capital charge of 10.5%

43 Bristow gross cash flow reconciliation (in millions) Gross cash flow reconciliation Q3 FY14 Q3 FY15 Net income 19 (1) Depreciation and amortization 24 24 Interest expense 7 7 Interest income (0) (0) Rent 28 46 Other income/expense-net 1 1 Gain/loss on asset sale (4) 26 Special items 4 7 Tax effect from special items (4) (7) Earnings (losses) from unconsolidated affiliates, net 16 1 Non-controlling interests 0 1 Gross cash flow before Líder $91 $106 Gross cash flow - Líder proportional 10 12 Gross cash flow after Líder $101 $118

44 Bristow adjusted gross operating assets reconciliation (in millions) Adjusted gross operating assets reconciliation Q3 FY14 Q3 FY15 Total assets 3,277 3,180 Accumulated depreciation 530 495 Capitalized operating leases 419 660 Cash and cash equivalents (323) (121) Investment in unconsolidated entities (255) (257) Goodwill (30) (54) Intangibles (2) (16) Assets held for sale: net (22) (26) Assets held for sale: gross 48 110 Adj. for gains & losses on assets sales (5) 28 Accounts payable (60) (90) Accrued maintenance and repairs (17) (19) Other accrued taxes (8) (8) Accrued wages, benefits and related taxes (67) (77) Other accrued liabilities (145) (110) Income taxes payable (20) (8) Deferred revenue (23) (29) ST deferred taxes (2) (13) LT deferred taxes (146) (163) Adjusted gross operating assets before Líder $3,150 3,482 Adjusted gross operating assets - Líder proportional 228 269 Adjusted gross operating assets after Líder $3,378 3,751

45 Líder Bristow Value Added (BVA) Sample calculation for Q3 FY15 and Q3 FY14 Bristow Value Added = Gross Cash Flow – (Gross Operating Assets X Capital Charge) BVA = GCF – (GOA x 10.5%** ) Bristow Value Added calculation for Q3 FY15 $5.1 = $12.2* – ($269* x 2.625%**) Bristow Value Added calculation for Q3 FY14 $4.2 = $10.2* – ($228* x 2.625%**) * Reconciliation for these items follows right after this slide ** Quarterly capital charge of 2.625% is based on annual capital charge of 10.5%

46 Líder gross cash flow reconciliation ($ in millions) Gross cash flow reconciliation Q3 FY13 Q3 FY15 Net income (loss) 7.1 $ (6.5) $ Depreciation and amortization 3.6 3.5 Rent 6.5 7.4 Interest expense 3.7 4.4 Interest income (1.2) (1.4) FX (gains) losses 6.4 15.7 Other income/expense-net (1.2) (0.2) Special Adjustment- remove Lider tax per income stmt. 1.1 5.2 Earnings (losses) from unconsolidated affiliates, net 0.2 - Non-controlling Interests (0.4) 0.6 Gross cash flow 25.7 28.8 Special item outside of Líder - add Bristow tax calc. (1.9) 0.3 Gross cash flow 23.9 29.1 Líder proportional consolidation - GCF 10.0 $ 12.2 $

47 Líder adjusted gross operating assets reconciliation ($ in millions) Adjusted gross operating assets reconciliation Q3 FY14 Q3 FY15 Total assets 589 $ 611 $ Cash and cash equivalents (100) (67) Accumulated depreciation 75 80 Capitalized operating leases 129 148 Investments & escrow deposits (33) (46) Intangibles (5) (5) Intangibles, amortization 4 4 Other, non operating assets (19) (19) Adj. for gains & losses on assets sales - - Accounts payable (26) (29) Other payables (1) (0) Other accrued taxes - (6) Accrued wages, benefits and related taxes (25) (20) Income taxes payable (5) (5) Deferred revenue (11) (5) LT deferred taxes (34) - Adjusted gross operating assets 537 643 Líder proportional consolidation GOA 225 $ 269 $

48 Líder's adjusted EBITDAR* reconciliation * Adjusted EBITDAR excludes special items and asset dispositions ($ in millions) Q4 CY13 Q1 CY14 Q2 CY14 Q3 CY14 Q4 CY14 Gross revenue 119.3 121.2 113.7 116.4 100.9 (-) Revenue deductions (7.6) (5.9) (7.3) (7.7) (6.1) Net operating revenue 111.3 115.3 106.4 108.7 94.8 (-) Cost of products and services (87.0) (90.8) (79.5) (82.0) (72.1) Gross profit 24.6 24.5 26.9 26.6 22.7 (-) Selling and administrative expenses (9.6) (7.0) (7.5) (8.8) (9.0) (+) Equity income of associates (0.0) 0.5 0.8 (0.6) (0.2) (+) Other operating income/expenses 0.7 0.2 0.2 0.2 11.7 Operating result 15.7 18.3 20.4 17.5 25.2 (+) Depreciation and amortization 3.5 3.4 3.5 3.5 3.3 EBITDA 19.2 21.6 23.9 21.0 28.5 Leasing costs 7.3 7.4 7.3 7.4 6.8 Adjusted EBITDAR 26.4 29.1 31.2 28.4 35.3

49 GAAP reconciliation 1) See information about special items in 10-Q or earnings release for Q3 FY15 2) These amounts are presented after applying the appropriate tax effect to each item and dividing by the weighted average shares outstanding during the related period to calculate the earnings per share impact 2014 2013 2014 2013 Adjusted operating income $43,564 $49,056 $161,303 $165,293 Gain (loss) on disposal of assets (26,331) 3,982 (25,594) (803) Special items 1 (8,317) (23,536) (17,537) (24,934) Operating income $8,916 $29,502 $118,172 $139,556 Adjusted EBITDAR $109,056 $100,677 $347,494 $310,968 Gain (loss) on disposal of assets (26,331) 3,982 (25,594) (803) Special items 1 (5,086) (23,536) (16,207) 78,990 Depreciation and amortization (23,625) (23,655) (77,164) (70,332) Rent expense (46,282) (28,255) (114,839) (74,630) Interest expense (7,094) (7,253) (22,415) (36,701) Provision for income taxes (567) (2,946) (18,376) (51,682) Net income $71 $19,014 $72,899 $155,810 Adjusted net income $24,719 $31,331 $102,159 $113,891 Gain (loss) on disposal of assets 2 (21,033) 3,146 (20,441) (634) Special items 1,2 (4,654) (15,550) (12,495) 43,162 Net income (loss) attributable to Bristow Group ($968) $18,927 $69,223 $156,419 Adjusted diluted earnings per share $0.70 $0.85 $2.87 $3.11 Gain (loss) on disposal of assets 2 (0.60) 0.09 (0.57) (0.02) Special items 1,2 (0.13) (0.42) (0.35) 1.18 Diluted earnings (loss) per share ($0.03) $0.51 $1.94 $4.28 Three months ended December 31, Nine months ended December 31, (In thousands, except per share amounts)

50 Bristow leverage reconciliation *Adjusted EBITDAR excludes gains and losses on dispositions of assets Debt Investment Capital Leverage (a) (b) (c) = (a) + (b) (a) / (c) (in millions) As of December 31, 2014 818.2 $ 1,694.2 $ 2,512.4 $ 32.6% Adjust for: Unfunded Pension Liability 62.1 62.1 NPV of Lease Obligations 649.7 649.7 Letters of credit 2.5 2.5 Adjusted 1,532.5 $ (d) 1,694.2 $ 3,226.7 $ 47.5% Calculation of debt to adjusted EBITDAR multiple TTM Adjusted EBITDAR*: FY 2015 470.2 $ (e) = (d) / (e) 3.26:1

51 Líder leverage reconciliation (in millions) Dec-13 Dec-14 Total book debt 279 $ 310 $ NPV of leases 69 46 Total adjusted debt 348 356 TTM adjusted EBITDAR 123 $ 124 $ Adjusted debt / TTM adj. EBITDAR 2.8x 2.9x

52 Bristow Group Inc. (NYSE: BRS) 2103 City West Blvd., 4 th Floor Houston, Texas 77042 t 713.267.7600 f 713.267.7620 bristowgroup.com Contact us