Air China Limited 2015 First Quarter Results

Transcription

1 Air China Limited 2015 First Quarter Results April 2015 Under PRC GAAP, unaudited

2 Agenda Part 1 Part 2 Part 3 Results Highlights Business Performance Financial Review

3 Part 1 Results Highlights

4 Results Highlights Key Financial Metrics 1Q2015 Y-O-Y Change Turnover (RMB million) 25, % Operating Expenses (RMB million) 19, % Profit from Operations (RMB million) 2, % Profit Attributable to Shareholders (RMB million) 1, % EPS (RMB/share) % Key Operational Metrics 1Q2015 Y-O-Y Change ASK (million) 50, % RPK (million) 40, % ATK (million) 7, % RTK (million) 5, % Passenger Load Factor (%) pts ATK Load Factor (%) pts 4

5 Part 2 Business Performance

6 Air China Passenger Services 1Q2015 Y-O-Y Change ASK (Million) 36, % RPK (Million) 28, % Passengers Carried (Thousand) 13, % Load Factor (%) pts 6

7 Air China Passenger Services 1Q2015 ASK (Million) Y-O-Y Change RPK (Million) Y-O-Y Change Load Factor (%) Y-O-Y Change Domestic International - Europe - North America - Japan and Korea South East Asia and Other Regions Regional 20, % 16, % pts 14, % 11, % pts 5, % 4, % pts 4, % 3, % pts 1, % 1, % pts 3, % 2, % pts 1, % 1, % pts 7

8 Business Developments Added seven new aircraft, comprised of six B737 and one A319, and also retired two aircraft, one B737 and one A340. As of end March, the Group operated a fleet of 339 aircraft. Launched several international and domestic new routes, including Tianjin- Wuhan-Chiang Mai, Chengdu-Colombo, Shanghai-Harbin, Chongqing- Fuzhou etc. As of end March, the Company operated a total of 328 passenger routes. Optimizing passenger profile, the revenue from premium classes increased by 10% year-on-year to 2.54 billion RMB. Enhanced e-commerce capability, e-commerce revenue was 3.27 billion RMB, representing a 28% year-on-year increase. Became the first domestic airline to offer live TV broadcasts on an aircraft. 8

9 Air China Cargo 1Q2015 Y-O-Y Change AFTK (million) 2, % - Freighter AFTK (million) % RFTK (million) 1, % - Freighter RFTK (million) % Tonnage Carried (tonnes) 306, % - Freighter Tonnage Carried (tonnes) 97, % Cargo and Mail Load Factor (%) pts - Freighter Load Factor (%) pts 9

10 Shenzhen Airlines 1Q2015 Y-O-Y Change ASK (million) 12, % RPK (million) 10, % ATK (million) 1, % RTK (million) 1, % Passengers Carried (thousands) 6, % Passenger Load Factor (%) pts ATK Load Factor (%) pts 10

11 Air Macau 1Q2015 Y-O-Y Change ASK (million) 1, % RPK (million) % ATK (million) % RTK (million) % Passengers Carried (thousands) % Passenger Load Factor (%) pts ATK Load Factor (%) pts 11

12 Part 3 Financial Review

13 Financial Overview (RMB Million) 1Q2015 1Q2014 Y-O-Y Change Turnover 25, , % Operating Expenses 19, , % Loss From Change in Fair Value % Investment Income % Profit/(Loss) from Operations 2, % Profit Before Tax 2, % Net Profit 1, % Profit Attributable to Shareholders % ROE (%) (Weighted Average) pts EPS (RMB/share) % 13

14 Profit Review RMB (Millions) , ,

15 Interest Bearing Debt (RMB Millions) As of 31 March 2015 % End of 2014 % USD 83, , RMB 29, , EUR JPY TOTAL 113, , As of 31 March 2015 End of % 29.87% 72.20% 70.13% Short term Interest Bearing Debt Long term Interest Bearing Debt 15

16 Appendix Other Financial and Operational Data

17 1. Fleet the Group Subtotal Owned 31 March 2015 Delivery Finance Lease Operating Lease Average Age A A320/A A A B B B B B B747F B757F B777F Business Jet Total *Wet lease aircraft excluded in calculation of average ages 17

18 2. Fleet Air China Subtotal Owned 31 March 2015 Delivery Finance Lease Operatin g Lease Average Age A A320/A A A B B B B B Total *Wet lease aircraft excluded in calculation of average ages 18

19 3. Consolidated Balance Sheet (Condensed) (RMB Millions) As of 31 March 2015 End of 2014 Change Non-current Assets 141, , % Current Assets 19,516 20, % - Cash and Bank Balances 9,038 9, % Total Assets 210, , % Current Liabilities 57,207 60, % Non-current Liabilities 92,062 89, % Total Liabilities 149, , % Total equities attributable to owners of the parent company 56,070 54, % 19

20 4. Consolidated Cash Flow Statement (Condensed) (RMB Millions) 1Q2015 1Q2014 Y-O-Y Change Net Cash Flow from Operating Activities 5,903 3, % Net Cash Flow from Investing Activities -3,547-4, % Net Cash Flow from Financing Activities Net Increase/(Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at the beginning of the period Effect of Exchange Rate Changes on Cash and Cash Equivalents Cash and Cash Equivalents at the End of the Period -3,227-3, % , % 9,660 14, % % 8,783 10, % 20

21 Investor Relations - Beijing Fan Heyun Tel: Fax: fanheyun@airchina.com Cao Yu Tel: Fax: caoyu@airchina.com Website: