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BUSINESS AVIATION AN ENTERPRISE VALUE PERSPECTIVE 2005 - 2010(11)

时间:2011-12-13 09:18来源:蓝天飞行翻译 作者:公务机

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. There are clear correlations between and among a company’s aircraft
 utilization strategies, the associated benefits, and the key drivers of
 enterprise value.
. Benefits accruing from the use of business aircraft contribute directly to   value creation at multiple levels including, but not limited to:
. Executive and employee level: team thinking, resource leveraging,    employee satisfaction, etc.
. Shareholder level: market share growth, profit growth, asset efficiency,   etc.
. Enterprise value level: dimensions of improved quality, cost and time,   customer relations, new market entry, etc.
. To achieve rapid growth, there are no ready substitutes for business  
 aircraft without diminishing performance, competitive position, or growth
 opportunities.
. Within both S&P’s smallest and the largest index groups, distinct business
 aviation “users” and “nonusers” can be identified, allowing for the isolation
 of the relative performance of each peer group, using information across a
 wide range of financial and operational metrics.


NEXA . BUSINESS AVIATION . PART II . 9

“In the time it takes for our employees to even get to the closest commercial airport, we can have them on-site using our own aircraft. It doesn’t take a lot of brain power and spreadsheets to realize that having the aircraft is a benefit.”
Zane Lambert
Flight Department
Manager

10 . NEXA . BUSINESS AVIATION . PART II

FINANCIAL RESULTS
USERS VERSUS NONUSERS
Shareholder Value
A single share of common stock represents a partial ownership stake in a company and for a public company, stock price is a good proxy for the market’s opinion of the company’s near-term worth. Stock price adjusts daily as investors and analysts who follow and study the company look for clues to future performance. Investors earn profits by realizing stock appreciation and earning dividends, if offered, on their shares. This total return metric - stock price plus earned dividends - encompasses the shareholder value for an owner.
 
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