Revitalize Transat | A proposal to save a Quebec institution and create value for shareholders and other stakeholders

The Situation

Alarming Performance

-57^%

Transat's share price has declined over the past 5 years (vs +31% for peers and +82% for the S&P/TSX Index)

-15.9^%

Average EBITDAR margin (2020-2024): Worst performance in the industry with a gap of 2,290 basis points

^%5.5x^%

Total debt/EBITDAR ratio: Fragile balance despite CEEFC debt restructuring

Despite its potential, Transat has suffered from poor management for years. Shareholders, employees, and creditors deserve better.

The Solution

Our proposal to build a
stronger, recapitalized, and thriving Transat

Agile and
Reinforced Governance

Reduce the board from 11 to 6 experienced members, including 3 new directors:
Pierre Karl Péladeau, André Brosseau (chair) and Jean-Marc Léger

Recapitalization

Repair the balance sheet and finance growth through fleet modernization and integration of new technologies

Strategic
Review

Comprehensive assessment of strategic direction, capital allocation, cost structure, partnerships, and strategic alternatives

Operational
Excellence

Return to profitability with world-class margins and financial performance worthy of industry leaders

A Revitalization Beneficial to All

Who We Are

A Proven Track Record
of Value Creation

Pierre Karl Péladeau has an exceptional track record in corporate transformation

Québecor in numbers:

+687%

Increase in Québecor shares under
Mr. Péladeau's leadership (20 years)

10000+

dont 5 000 emplois au Québec

Billions $

invested in the Québec and Canadian economy

Founded in 1950

in Québec

Our Proposed Directors

Pierre Karl Péladeau

Director

President and Chief Executive Officer at Québecor and Vidéotron.

André Brosseau

Director

Governor for the Montréal Alouettes of the Canadian Football League (CFL). Former CIBC, Blackmont Capital, director of Alithya and Québecor Média.

Jean-Marc Léger

Director

Économiste et fondateur de la firme Léger.Fondateur du réseau WIN et président du C.A. de l’Université du Québec à Montréal.

Next Steps

Change Must
Begin Now

Board
Renewal

Reduce to 6 members, integrate Messrs. Péladeau, Brosseau, and Léger. André Brosseau becomes Chairman.

Immediate
Recapitalization

Inject the necessary capital to repair the balance sheet and invest in growth.

Comprehensive Strategic Review

Launch an in-depth analysis supervised by a new board committee.

News

The Latest News

Let's Revitalize
Transat

Alarming Performance