Risk Factors Update Summary

• Union agreements covering certain employees will be renegotiated in 2024.
• Added potential impact on customers due to unclear Build Back Better Act status.
• Discussed the impact of OECD's Pillar 2 global minimum tax proposal on compliance costs.
• Failure to effectively manage acquisitions, divestitures, and joint ventures could impact results.
• Mentioned potential suspension or debarment from government contracts for law violations.
• Added the imposition of a 1% excise tax on net repurchases of shares after December 31, 2023.
• The level of activity in the North Sea and U.S. Gulf of Mexico is crucial.
• Disclosed potential imposition of a new 15% corporate alternative minimum tax on book income.
• Highlighted the potential negative impact of the excise tax on share repurchase program and profitability.
• Diversification efforts into other aviation services may prove unsuccessful.
• Noted the uncertainty of future tax legislation and its impact on profitability.
• Exposure to credit risk of counterparties is a concern.
• Failure to dispose of aircraft through sales into the aftermarket could adversely affect.
• The demand for services is substantially dependent on offshore energy exploration activity.