Daiwa Investment Conference Corporate Presentation PT GARUDA INDONESIA (PERSERO) Tbk. Hong Kong, 12 November 2015
|
|
- Bruce Sanders
- 6 years ago
- Views:
Transcription
1 Daiwa Investment Conference Corporate Presentation PT GARUDA INDONESIA (PERSERO) Tbk. Hong Kong, 12 November
2 Agenda Hal 1. Company Profile Operational Performance Financial Performance Subsidiaries Picture s source: 2
3 Share Performance GIAA & JCI GIAA (RHS) JCI (LHS) List of Shareholders as of 30 Sept 2015 Number of Shares % Domestic Government of Indonesia 15,653,128, Retail 857,530, Employee 78,724, Institutional (Trans Airways) 6,370,697, Other institutional (less than 5%) 1,686,581, Total domestic 24,646,661, International Notes Av. liquidity (IDR/day) 9M bio 9M bio Retail 3,856, Institutional (less than 5%) 1,218,408, Total international 1,222,265, TOTAL 25,868,926, Av. close price (IDR) Av. volume (shares/day) 3.9 mio 8.6 mio Market cap (IDR) 10.7 trillion 7.9 trillion Percentage of Shares based on Real Free Float Domestic 68.2% International 31.8% Real free float 15% - excluding Government of Indonesia and Trans Airways ownerships. 3
4 The Transformation Taken over by Government Relaunch of Citilink Commenced transformation Achieved 4 rating from Skytrax Rights Issue Joined SkyTeam Alliance Commenced operations Ranked among Top 30 global airlines Successful IPO Achieved 5 rating from Skytrax Transformation phase ( ) Expansion phase ( ) E Domestic passenger market (mil) Int'l passenger market (mil) No of aircraft M2014 9M2015 CAGR a b c d e f g h i j i-j a-h Pax Carried (mio) % 17.2% ASK (bio) % 15.2% RPK (bio) % 14.0% Total Revenues (mio) 1,532 2,005 1,733 2,168 3,096 3,473 3,760 3,934 2,831 2, % 14.4% 4 0
5 India China Indonesia Korea Turkey United States Mexico Saudi Arabia Australia United Kingdom Canada South Africa European Union Germany France Japan Italy Argentina Brazil Russia Strong Economic Fundamental and Demand The 3rd fastest GDP Growth among G20 countries in 2015F Source: IMF-World Economic Outlook Population (Population, in Million persons) F 2016F Indonesia Phillippines Vietnam Thailand Myanmar Malaysia Cambodia Singapore Brunei Darussalam Source: IMF 5.0 Indonesia: Transportation profile (Passengers in million) Air Rail Sea FY China: Transportation profile (Passengers in million) Air Highway Rail FY FY Archipelago Country FY CAGR % + 6.3% + 0.4% CAGR % + 9.2% + 8.2% Sea % Massive Land Country 5
6 Business Airline Has Big Room to Grow 30.6 (566%) 5.5 Singapore 34.2 (476%) 7.3 Hongkong 46.3 (156%) 30.3 Malaysia (83%) 40.7 (61%) (44%) Japan Thailand Indonesia Sources: Data Internal, Bloomberg, IMF, and Full Year 2014 Population Air Traffic Numbers are in million 6
7 Business Strategy Quick Wins 2015 Strategies Goals to achieve strategy Revenue generation Developing new routes to China and Middle East (especially expanding to Umrah market) through scheduled and chartered services. Chartered flights to Japan and China expected to grow in response to higher purchasing power Improve yield by restructuring flights 4th hangar to be completed by June 2015 Improve seat load factor by better managing aircraft deliveries to align ASK and RPK growth Flight network optimization Garuda currently serves only 3 major cities outside of Indonesia (Beijing, Shanghai and Guangzhou). Targeted new destinations include Chengdu, Chong Qin, Ningbo, Kunming, Jinan, Harbin, Xian, Shenyang and Chengzhou Cost efficiency Optimising capital structure Early termination of operating leases Identified non-fuel cost savings of US$200m for 2015 Dedicated Terminal 3 at Jakarta Simplify fleet US$500m bridge facility used to re-profile existing commercial term loans Proposed USD Sukuk to refinance bridge loan to extend maturity profile Improvements through choice of aircrafts for long flights (Boeing 777 & Airbus ), medium flights (Airbus /Boeing 738), and short flights (CRJ 100/ATR 72) Reprofiling debt through cross borders issuance 7
8 Garuda Indonesia Continues its Bright Performance in Challenging Conditions Top line increase 0.5% YoY Reduce cost 11.8% YoY Bottom line improves (9M2015 net profit USD 51.4Mio) Sustainable passenger growth: 17.5% YoY Sustainable market share (Dom: 44% & Inter: 28%) Sustainable high SLF 77.3% Manage RPK growth is higher compare to ASK growth The non fuel efficiency, exercised ± 70% of target FY 2015 Picture s source: 8
9 Awards 46 awards 2015: Domestic: 34 awards International: 12 awards Service: 17 awards Commercial: 9 awards Business: 7 awards Corporate Transformation: 5 awards Human Capital: 4 awards People Management: 2 awards GCG: 2 Awards SKYTRAX Awards 2015 The World s Best Cabin Crew SKYTRAX Awards 2015 World s Best Airline 8th Rank FinanceAsia Awards 2015 Asia s Best Companies 2015 Schipol Aviation Awards Passenger Airline of the Year Award 2014-Intercontinental Indonesia Human Capital Award st in Human Resources Technology Indonesia Good Corporate Governance Award 2015 Score A (Excellent) Pacific Asia Travel Association (PATA) Gold Awards 2015 for Inflight Magazine Picture s source: 9
10 Milestones First Quarter 2015 Garuda Indonesia implemented hedging cooperation through Cross Currency Swap (CCS) transactions with banks. The first and the biggest CCS transaction, exercised by SOE in Indonesia. Garuda Indonesia, BII-Maybank, and NBAD/DIB carried signing of bridging loan facility with the principles of Sharia facility of $ 500 million. Second Quarter 2015 Garuda Indonesia launched the "New Mobile Apps Garuda Indonesia and Cardig Air signed a cooperation of air cargo management and business development Garuda Indonesia exercised Reprofiling Debt of Quick Wins strategy by issuing sukuk amounted $500 mio with 4 times booking order. Third Quarter 2015 Garuda Indonesia ends the Hajj Flights 2015 with 92.38% On-Time Performance Rates. The Inaugurations of Garuda Maintenance Facilities AeroAsia (GMF-AA) 4 th Hangar President & CEO of Garuda Indonesia appointed as President of Indonesia Marketing Association (IMA) for the period Picture s source: 10
11 Garuda Indonesia Group Market Share YTD August 2015 Domestic Market Share International Market Share % 15% Others 78% 72% Others 46% 41% Lion Group 37% 44% GA Group 22% 28% GA Main Brand Garuda domestic market share group (including Citilink) These market share were calculated based on all Garuda Indonesia s routes Source: Company Data Garuda main brand international market share These market share were calculated based on all Garuda Indonesia s routes Source: Company Data Picture s source: 11
12 Peers Comparison Operational Performance YTD 9M2015 ASK growth (%) 2014 vs 2015 RPK growth (%) 2014 vs (0.2) (0.9) Passenger carried growth (%) Asia Pasific Passenger carried of AAPA 2015 Passenger Carried Growth 20.0 (0.9) Asia Pacific Asia Pacific South East South Asia North East Oceania Central Asia Pacific Note: YTD September 2015 Sumber: Airline Website and Asia Pacific Data 12
13 Operational Performance 13
14 Number of Fleets 5.8 Average Age (year) Sep E Fleets per Dec In Out * B NG 5 * ATR * B ER 2 * A * A Total 14 * A * B Total 2 Fleets per Sept Dec Sep 15 Ops.lease Fin lease/ owned 15-Dec Narrow body B B NG CRJ ATR Total narrow body Wide Body B B ER A A Total wide body Garuda main brand Citilink B B A Total Citilink Total fleets
15 Operational Performance Garuda Group Operational Efficiency Passenger & Cargo Financial 9M M-2015 % Aircraft Utilization (Hours) 9:53 9:11-0:42 Frequencies 165, , On Time Performance - OTP (%) (1.4) ASK ('000) 36,902,810 38,748, Average Fuel Price (USD/L) (37.9) Fuel Burn/Blockhours 3,699 3,590 (2.9) Passenger Carried 20,893,654 24,551, RPK ('000) 26,086,291 29,951, Seat Load Factor (%) Passenger Yield (USc) (13.7) Cargo/Mail Uplifted (Ton) 292, ,304 (12.1) CASK (Usc) (15.3) CASK-excl Fuel (Usc) Yield decreased The passenger yield decreased 13.7% due to IDR depreciation ±12.1% and lower international fares amidst unstable economic. Utilization decreased The utilization was going down to be 9:11 hours due to route restructuring of Quick Wins program, especially in international market. Others OTP decrease due to Mount Raung eruption and fire incident in SHIA Terminal 2 Cargo capacity decrease due to the increase of passenger carried as Garuda Cargo is belly cargo on Garuda Group. 15
16 Operational Performance Domestic & International Domestic International 9M M-2015 % Passenger Carried 12,666,172 14,508, Frequency 106, , ASK ('000) 14,779,378 16,448, RPK ('000) 10,915,976 12,675, Seat Load Factor (%) Passenger Yield (Usc) (14.5) CASK (Usc) (17.1) CASK-excl Fuel (Usc) (4.4) Passenger Carried 2,897,051 3,176, Frequency 21,549 20,835 (3.3) ASK ('000) 16,963,144 15,742,812 (7.2) RPK ('000) 11,101,472 11,953, Seat Load Factor (%) Passenger Yield (Usc) (13.6) CASK (Usc) (13.6) CASK-excl Fuel (Usc) Garuda Indonesia main brand has 58 domestic destinations 17 international destinations Picture s source: 16
17 Operational Performance Main Brand & Citilink Main Brand Citilink 9M M-2015 % Passenger Carried 15,563,223 17,685, Frequency 128, , ASK ('000) 31,742,521 32,191, RPK ('000) 22,017,448 24,629, Seat Load Factor (%) Passenger Yield (Usc) (13.7) CASK (Usc) (14.9) CASK-excl Fuel (Usc) (0.2) Passenger Carried 5,330,431 6,865, Frequency 37,512 46, ASK ('000) 5,160,289 6,556, RPK ('000) 4,068,844 5,321, Seat Load Factor (%) Passenger Yield (Usc) (10.7) CASK (Usc) (13.4) CASK-excl Fuel (Usc)
18 Financial Performance 18
19 Summary of Consolidated Income Statement Operating Revenue Operating Expenses Income In USD Mio 9M14 9M15 % YoY EBITDAR Total revenues 2, , Fuel 1, (31.4) Aircraft rental and charter Others 1, ,251.3 (9.0) Total expenses 3, ,717.6 (11.8) EBIT (249.3) EBT (298.3) Net income (220.1) Garuda Group Top Line (USD, Bio) Garuda Group Net Income (USD, Mio) 1.0 Q1 Q2 Q EBITDAR Margin 14.4% 32.3% Q1 Q2 Q3 19
20 Operating Revenue In USD mio % Change 2,831.3 (2.4%) Schedule airline 0.5% 2.4% Others Non Schedule Airline 2,845.7 Scheduled airline decrease Lower yield due to IDR depreciation and unstable economic condition in regional Losing revenue potency due to challenging conditions such mount eruption, SHIA fire incident, and hazardous haze in indonesia surroundings 9M14 Operating Revenue 9M15 Operating Revenue Operating Revenue *PoT Schedule airline 84.60% Non schedule airline 6.20% Others 9.20% Non schedule airline increase Sustainable increase of charter revenue to China market and Umrah (Middle East). Additional revenue from Hajj season Others increase Others revenue increased due to green performance of subsidiaries. *PoT : Percentage of total 20
21 Operating Expenses In USD mio % change (12.0%) Decreasing expenses 3,080.6 Fuel Fligh Ops + Maintenance + User charge 4.7% (1.6%) Tickets + Passenger Service (0.3%) G&A (2.6%) Others 2,717.6 Fuel expenses decreased 31.4% to be USD 806.5mio compared to same period last year of USD 1.2bio due to fuel price declining 37.9% compare last year. Total operating expenses decreased 11.8% to be USD 2.7 bio compared to the same period last year USD 3.1bio. Fuel efficiency YTD 9M15 USD 369.3mio as impact of fuel price declining and fuel efficiency program Non fuel efficiency YTD 9M15 USD ±115.3mio 9M14 Operating Expenses Operating Expenses PoT* Fuel 28.97% Flight ops + Rental + Maintenance + User charge 47.96% Ticketing + Passenger Service 15.62% G & A 5.89% Others 1.55% *PoT : Percentage of total 9M15 Operating Expenses Increasing expenses The rental cost increased 24.5% to be USD 659.9mio compared to the same period last year of USD mio in line with the additional fleets. The maintenance cost increased by 9.5% to be USD 210.2mio compared to the same period last year USD 192.0mio in line with the additional fleets. 21
22 Summary of Consolidated Balance Sheet FY14 9M15 % YoY Asset Liability Equity Current assets Non current assets 2, ,238.5 (2.8) Total Assets 3, ,082.0 (1.0) Current liabilities 1, ,103.7 (9.5) Non current liabilities 1, , Total liabilities 2, ,210.9 (1.0) Total equities (0.9) Total liabilities & Equities 3, ,082.0 (1.0) Lease Adj. Net Debt/EBITDAR 10.1x 7.5x 22
23 Summary of Consolidated Cash Flow 9M14 9M15 % YoY Beginning cash (9.6) Cash from operating activities (180.9) Cash from investing activities (189.6) (104.1) (45.1) Cash from financing activities (83.5) Net increase (decrease) in cash (99.3) (3.1) n.a. Ending cash Min 5% of Cash Ratio Operating Investing Financing Cash receipts from customers USD 2.8bio Cash payments to suppliers USD 2.4bio Payments of interest and financial expenses USD 45.2mio Payments PDP & Maintenance Reserve Fund: USD 303.4mio Security Deposit payment: USD 11.1mio Refund of PDP and Maintenance Reserve Fund: USD 216.2mio Receipts of security Deposit : USD 9.0mio Proceed of long term loan, bank loan, & financial institution and sukuk USD 1,4bio Payment of long term loan, bank loan & financial institution: USD 1.3bio Picture s source: 23
24 Cash and Net Gearing,400.0,200.0, In USD Mio , , , M15 6M15 9M15 Cash Debt Equity Net Gearing % 60% Max 2.5x of Debt to Equity Ratio 9% Min capital USD 800mio Debt Structure 9M2015 Shor term loan Long term loan Lease Picture s source: 24
25 Subsidiaries 25
26 Subsidiaries Aero Wisata (in IDR bio) Citilink (in USD 000) 9M2014 9M2015 % YoY 9M2014 9M2015 % YoY Operating Revenue 2, ,317.0 (0.6) Operating Revenue 287, , Operating Income Operating Income (11,208.0) 12, Net Income Net Income (12,134.0) 5, EBITDA EBITDA (4,747.1) 22, Dec14 Sept15 % YoY Dec14 Sept15 % YoY Asset 2, , Asset 166, , Liability Liability 209, ,902.0 (4.6) Equity 1, , Equity (43,422.0) 18, Gapura Angkasa (in IDR bio) GMF Aero Asia (in USD 000) 9M2014 9M2015 % YoY 9M2014 9M2015 % YoY Operating Revenue Operating Revenue 189, , Operating Income Operating Income 19, , Net Income Net Income 14, , EBITDA EBITDA 25, , Dec14 Sept15 % YoY Dec14 Sept15 % YoY Asset Asset 251, , Liability Liability 146, , Equity Equity 104, ,
27 Subsidiaries Abacus DSI (in USD 000) Asyst (in USD 000) 9M2014 9M2015 % YoY 9M2014 9M2015 % YoY Operating Revenue 2, , Operating Revenue 13, ,318.8 (33.1) Operating Income Operating Income 29.1 (5.8) (120.0) Net Income Net Income (82.5) 14.5 (117.5) EBITDA EBITDA 2, ,977.1 (1.3) Dec14 Sept15 % YoY Dec14 Sept15 % YoY Asset 6, , Asset 28, ,159.5 (5.6) Liability , Liability 16, ,424.1 (9.2) Equity 5, , Equity 11, ,705.4 (0.7) GIH France S.A.S (in USD 000) 9M2014 9M2015 % YoY Operating Revenue 27, , Operating Income (38.6) ,450.1 Net Income (99.0) EBITDA (98.3) Dec14 Sept15 % YoY Asset 67, , Liability 67, , Equity ,
28 PT Garuda Indonesia (Persero) Tbk. Investor Relations Department 2nd Floor Management Building Garuda City Soekarno-Hatta International Airport Phone:
ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015
ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015 1 Agenda Hal 1. Company Profile 3 8 2. Operational Performance 9 13 3. Financial Performance 14 20
More informationASEAN Conference MACQUARIE Corporate Presentation PT GARUDA INDONESIA (PERSERO) Tbk. 26 August 2015
ASEAN Conference MACQUARIE Corporate Presentation PT GARUDA INDONESIA (PERSERO) Tbk. 26 August 2015 1 Agenda Page 1. Company Profile 3 12 2. Operational Performance 13 17 3. Financial Performance 18 24
More informationPUBLIC EXPOSE PT Garuda Indonesia (Persero) Tbk Result Announcement. Jakarta, 15 April 2016
PUBLIC EXPOSE PT Garuda Indonesia (Persero) Tbk. 2015 Result Announcement Jakarta, 15 April 2016 1 HIGHLIGHTS EBITDAR MARGIN: 32.7% 19% YoY TOTAL REVENUES: US$3.81 billion 3.0% YoY UNSCHEDULED FLIGHT REVENUES
More informationGIAA In Flash YTD September 2015
GIAA In Flash YTD September 2015 Garuda Indonesia Group (GIAA) Continues its Green Performance in Challenging Market Picture s source: www.google.com The 3rd quater in 2015 is a tough period for GIAA bussines.
More informationPT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Quarter 2014 Result Announcement Jakarta, 30 April 2014
PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Quarter 2014 Result Announcement Jakarta, 30 April 2014 0 Shareholders & Performance List of Shareholders as of 31 March 2014 Number
More informationPT GARUDA INDONESIA (PERSERO) Tbk.
PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation 9Months 2013 Result Announcement Jakarta, 6 November 2013 Delivering Indonesia s Best to the World 0 Shareholders & Performance List of
More informationINVESTOR NEWSLETTER. Full Year 2013 Editions. PT Garuda Indonesia (Persero) Tbk. FY 2012 FY 2013 Change. Summary.
INVESTOR NEWSLETTER PT Garuda Indonesia (Persero) Tbk. Full Year 2013 Editions FY 2012 FY 2013 Change Financial Summary (USD Mio) OPERATING REVENUES 3,472 3,716 7.02% OPERATING EXPENSES 3,304 3,660 10.75%
More informationPT GARUDA INDONESIA (PERSERO) Tbk.
PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Quarter 2013 Result Announcement Jakarta, 30 April 2013 Delivering Indonesia s Best to the World 0 Shareholders & Performance List
More informationPT GARUDA INDONESIA (PERSERO) Tbk.
PT GARUDA INDONESIA (PERSERO) Tbk. Analyst Meeting & Presentation First Half 2013 Result Announcement Jakarta, 2 September 2013 Delivering Indonesia s Best to the World 0 Shareholders & Performance List
More informationCORPORATE PRESENTATION PT Garuda Indonesia (Persero) Tbk. Jakarta, May 2016
CORPORATE PRESENTATION PT Garuda Indonesia (Persero) Tbk. Jakarta, May 2016 MANAGEMENT Appointed on AGMS April 15, 2016 SAME AS PREVIOUS NEW MEMBER 2 MANAGEMENT - PROFILE AGUS TONI SOETIRTO PLACE/DATE
More informationPassenger: 17.2 Million (+3.9% yoy) OTP: 85.8% SLF: 73.3% Subsidiaries Operating Revenues US$415.2 Million Cargo Carried 219.4K ton (+10.
Value* 14.78 3.36 4.97 Volume** 32.85 9.59 13.43 Last Price 423 342 348 Market Cap.*** 8.74 8.85 9.01 Note: * Average Value in Billion Rupiah ** Average Volume in Million *** Market Capitalization in Trillion
More informationCorporate Presentation
Jakarta, 2 November 2018 Corporate Presentation Q3/2018 - Corporate Performance Shares Information 6,800 GIAA IJ Equity - Last Price (R1) JCI Index - Last Price (L1) 206 5,976.553 450 6,600 6,400 400 6,200
More information1Q 2014 Edition. Share Information. Daily Share Price Movements
1Q 2014 Edition 1Q 2013 1Q 2014 Change Financial Summary (USD Mio) OPERATING REVENUES 807 807 0.01% OPERATING EXPENSES 827 1,000 20.86% OTHERS (INCOME) 4 25 460.80% INCOME (LOSS) FROM OPERATIONS -20-193
More information3M 2013 Edition. Share Information : GIAA.IJ / GIAA.JK. Daily Share Price Movements
3M 2013 Edition 3M 2012 3M 2013 Change Financial Summary (USD Mio) OPERATING REVENUES 717 807 12.51% OPERATING EXPENSES 734 827 12.70% INCOME (LOSS) FROM OPERATIONS (17) (20) 20.68% INCOME (LOSS) BEFORE
More informationJakarta, 3 May Analyst Meeting. Q1/ Corporate Performance
Jakarta, 3 May 2018 Analyst Meeting Q1/2018 - Corporate Performance Shares Information 6,750 GIAA IJ Equity - Last Price (R1) JCI Index - Last Price (L1) 294 6,188.987 600 6,500 6,189 6,250 6,000 550 500
More informationJakarta, 25 October Analyst Meeting 3Q / 2017
Jakarta, 25 October 2017 Analyst Meeting 3Q / 2017 Shares Information 6,000 5,901 GIAA IJ Equity - Last Price (R1) JCI Index - Last Price (L1) 334 5,900.854 600 550 5,500 500 5,000 450 4,500 400 350 334
More informationAnalyst Meeting & Presentation 3Q 2012 Result Announcement. Jakarta, 25 October 2012
Analyst Meeting & Presentation 3Q 2012 Result Announcement Jakarta, 25 October 2012 0 0 Shareholder List as of 30 September 2012 Shareholder List as of 30 September 2012 Number of Shares % Domestic Government
More informationCorporate Presentation PT Garuda Indonesia (Persero) Tbk
Corporate Presentation PT Garuda Indonesia (Persero) Tbk RHB-OSK Hong Kong & ASEAN Corporate Day Hong Kong, 12 September 2013 Delivering Indonesia s Best to the World 0 Agenda 1. Industry Overview 2. Company
More informationCorporate Presentation
Singapore, 29 January 2018 Corporate Presentation Non-Deal Roadshow with Credit Suisse Shares Information 6,500 6,356 GIAA IJ Equity - Last Price (R1) JCI Index - Last Price (L1) 300 6,355.654 650 6,000
More informationJakarta, 26 February Analyst Meeting. FY Corporate Performance
Jakarta, 26 February 2018 Analyst Meeting FY 2017 - Corporate Performance Shares Information 6,500 6,356 GIAA IJ Equity - Last Price (R1) JCI Index - Last Price (L1) 300 6,355.654 650 6,000 600 550 5,500
More informationInformation meeting. Third quarter results. March 2011
Information meeting Third quarter 2010-11 results 1 March 2011 Agenda 2010-11: recovery in activity and return to profitability Current issues Air France-KLM ambitions for the next three years 2 All businesses
More informationTiger Airways Holdings Limited FY11 Results
Tiger Airways Holdings Limited FY11 Results May 2011 Financial Year Ended 31 March 2011 Disclaimer The information contained in this presentation (the "Information") is provided by Tiger Airways Holdings
More information2012 Result. Mika Vehviläinen CEO
2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to
More informationPRESS RELEASE Financial Results. Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue
PRESS RELEASE 2016 Financial Results Rising passenger traffic at 12.5m Exceeding 1bn in consolidated revenue Kifissia, 23 March 2017 AEGEAN reports full year 2016 results with consolidated revenue at 1,020m,
More informationFinnair Q Result
17 August 2016 CEO Pekka Vauramo CFO Pekka Vähähyyppä Finnair Q2 2016 Result 1 Highlights of the second quarter The seventh consecutive quarter of profit improvement Fukuoka & Guangzhou route openings
More informationCebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations. cebupacificair.com
Cebu Air, Inc. 4 th Quarter and Full Year 2017 Results of Operations cebupacificair.com Disclaimer The information provided in this presentation is provided only for your reference. Such information has
More informationPart 1 Performance Highlights. Part 2 Business Overview. Part 3 Financial Review
August 216 1 Part 1 Performance Highlights Part 2 Business Overview Part 3 Financial Review Part 4 Outlook 2 Under IFRS 3 Part 1 Performance Highlights Performance Highlights - Key Operational Metrics
More informationAir China Limited Annual Results. March Under IFRS
Air China Limited 21 Annual Results Under IFRS March 211 Agenda Part 1 Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook 2 Part 1 Highlights Steady Economic Growth; Asia Pacific
More informationAir China Limited Interim Results. August Under IFRS
Air China Limited 21 Interim Results Under IFRS August 21 1 Agenda 21 Interim Results Overview Business Overview Financial Overview Outlook 2 2 2 21 Interim Results 3 21 Interim Results Overview 4 4 4
More informationAir China Limited 2014 Annual Results Under IFRS
Air China Limited 2014 Annual Results Under IFRS March 2015 Agenda Part 1 Results Highlights Part 2 Business Overview Part 3 Financial Overview Part 4 Outlook Part 1 Results Highlights Gradual Global Economic
More informationJ.P. Morgan 2019 Global Emerging Markets Corporate Conference. Miami, February 2019
J.P. Morgan 2019 Global Emerging Markets Corporate Conference Miami, February 2019 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial
More informationFinancial Results 3 rd Quarter MAR/2016 (FY2015)
Financial Results MAR/2016 (FY2015) January 29 th, 2016 CONTENTS P.1 P.2 P.3 P.4~ Overview of FY MAR/16 Results Operating Revenue Operating Profit 1,030 1,020 1,010 +1.0Bn 1,022.3 1,023.4 (+0.1%) 180 160
More informationInformation meeting. 1 st September 2011
Information meeting 1 st September 2011 Full Year 2010-11 key data April 2010-March 2011 Revenues in billions Operating result in millions 77% Passenger 18.10 +11.3% -44 +874 13% Cargo 3.16 +29.5% +69
More informationFourth Quarter 2006 Results Presentation February 15, 2007
Fourth Quarter 2006 Results Presentation February 15, 2007 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.
More informationCebu Air, Inc. 2Q2014 Results of Operation
Cebu Air, Inc. 2Q2014 Results of Operation 1 Disclaimer This information provided in this presentation is provided only for your reference. Such information has not been independently verified and, as
More informationInformation meeting. 12 September 2011
Information meeting 12 September 2011 Full Year 2010-11 key data April 2010-March 2011 Revenues in billions Operating result in millions 77% Passenger 18.10 +11.3% -44 +874 13% Cargo 3.16 +29.5% +69 +505
More informationAnnual Results Air New Zealand
Annual Results 2011 Air New Zealand Highlights Normalised earnings* $75m Net cash position of $860m Operating cash flow down 5% Gearingat467% at 46.7% Final dividend 2.5 cents per share (unimputed) New
More informationFinnair Group Interim Report 1 January 30 June 2008
Finnair Group Interim Report 1 January 30 June 2008 1 08/08/2008 Presentation name / Author Airline industry at a historical turning point Fuel price has a stranglehold on the business Average ticket prices
More informationQ Fast growth continued, Comparable operating result at record high levels Pekka Vauramo
2018 Fast growth continued, Comparable operating result at record high levels 17.7.2018 Pekka Vauramo 2 A good - Comparable operating result increased to new seasonal high Revenue Comparable operating
More informationInformation meeting. September 2011
Information meeting September 2011 Full Year 2010-11 key data April 2010-March 2011 Revenues in billions Operating result in millions 77% Passenger 18.10 +11.3% -44 +874 13% Cargo 3.16 +29.5% +69 +505
More informationPRESS RELEASE. First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability
PRESS RELEASE First Half 2017 Financial Results Higher Load Factors and traffic lead to a significant rebound in second quarter profitability Kifissia, 12 September 2017 AEGEAN announces first half 2017
More informationFinnair Q result. 25 October 2017 CEO Pekka Vauramo
Finnair Q3 2017 result 25 October 2017 CEO Pekka Vauramo 1 All-time best quarter Revenue up by 15% to record level of 735 M Aircraft flew full, passenger load factor was 87% Asian routes and San Francisco
More informationFinancial Results 1 st Quarter Mar/2016 (FY2015) 30 July, 2015
Financial Results Mar/2016 (FY2015) 30 July, 2015 Today s Topics P.2 P.3 P.15 1 Overview of FY Mar/2016 Financial Results Operating Revenue Operating Profit 320 307.0 +4.9Bn (+1.6%) 312.0 50 +17.6Bn (+94.6%)
More informationFinnair Group Annual Report 1 January 31 December 2006
Finnair Group Annual Report 1 January 31 December 2006 2006: A year for restructuring Scheduled Passenger Traffic transforming to meet Asian traffic demands Labour negotiations to cut 670 jobs 80 million
More informationBank of America Merrill Lynch Global Transportation Conference. June 16, 2010
Bank of America Merrill Lynch Global Transportation Conference June 16, 2010 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any
More informationFourth Quarter and Full Year 2011 Results Presentation. February 1, 2012
Fourth Quarter and Full Year 2011 Results Presentation February 1, 2012 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationFinnair Group Interim Report 1 January 31 March 2008
Finnair Group Interim Report 1 January 31 March 2008 1 29/04/2008 Presentation name / Author Outlook for the industry less positive Growth of demand declining due to uncertainty of global economy Growth
More informationJAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018
JAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018 Today s Topics P.1 P.2 P.3 P.12 JAL Corporate Website the CONTRAIL Project Overview of Financial Results for 3
More informationThank you for participating in the financial results for fiscal 2014.
Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots
More informationQ Finnair s growth continued Pekka Vähähyyppä
2018 Finnair s growth continued 25.10.2018 Pekka Vähähyyppä 1 We continued to develop our services and network New route to Los Angeles in 2019, two daily flights to Hong Kong New digital service for exploring
More informationTHAI AIRWAYS INTERNATIONAL Pcl. Fiscal Year 2007
THAI AIRWAYS INTERNATIONAL Pcl. Fiscal Year 2007 (Oct 06-Sep 07) Relations Department Investor Relations Investor Relations Table of Contents 1. The Company 2. Statistic Information 3. Current Issue 4.
More informationFOURTH QUARTER RESULTS 2017
FOURTH QUARTER RESULTS 2017 KEY RESULTS In the 4Q17 Interjet total revenues added $5,824.8 million pesos that represented an increase of 10.8% over the revenue generated in the 4Q16. In the 4Q17, operating
More informationJAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2017(FY2016) July 29, 2016
JAPAN AIRLINES Co., Ltd. Financial Results Mar/2017(FY2016) July 29, 2016 Today s Topics P.1 P.2 P.13 From the first quarter of this fiscal year, figures for Revenue Passengers Carried, ASK, RPK and Load
More informationRef. PE004/ May Subject: Management Discussion and Analysis for the First Quarter of 2018
Ref. PE004/2561 10 May 2018 Subject: Management Discussion and Analysis for the First Quarter of 2018 Attention: President The Stock Exchange of Thailand According to the financial reports of Nok Airlines
More informationCorporate Presentation PT Garuda Indonesia (Persero) Tbk
Corporate Presentation PT Garuda Indonesia (Persero) Tbk Credit Suisse APAC Transportation Corporate Day Hong Kong, 26 June 2013 Delivering Indonesia s Best to the World 0 Agenda 1. Industry Overview 2.
More informationJAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2018(FY2017)
JAPAN AIRLINES Co., Ltd. Financial Results Mar/2018(FY2017) July 31, 2017 Today s Topics P.1 P.2 P.3 P.4 P.6 P.15 Overview of Financial Results for (FY2017) 1 st quarter resulted in an increase in both
More informationFinnair Group Interim Report 1 January 30 September 2008
Finnair Group Interim Report 1 January 30 September 2008 1 31/10/2008 Presentation name / Author Airline industry at a historical turning point Expensive fuel price in the beginning of 2008 has dramatical
More informationSAS Group Q2 2012/13. Q2 Restructuring programme moving KPIs in the right direction
SAS Group Q2 2012/13 1 Q2 Restructuring programme moving KPIs in the right direction Operating revenues +1.6%* Yield improvement of +2.7%* Forceful implementation of 4XNG plan: Unit cost down by 10.7%
More informationOverview. > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of
1 Overview > Normalised earnings* before taxation of, up 30% > Statutory earnings before taxation of, up 40% > Statutory net profit after taxation of > Operating revenue of > Strong operating cash flow
More informationTHIRD QUARTER RESULTS 2017
THIRD QUARTER RESULTS 2017 KEY RESULTS In the 3Q17 Interjet total revenues added $5,835.1 million pesos that represented an increase of 22.0% over the revenue generated in the 3Q16. In the 3Q17, operating
More information2010 ANNUAL GENERAL MEETING. May 4, 2010
2010 ANNUAL GENERAL MEETING May 4, 2010 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any question and answer session, may contain
More informationFinnair Q Result
Finnair Q1 2015 Result 7 May 2015 CEO Pekka Vauramo, Interim CFO Mika Stirkkinen 1 Turbulent market environment The weakness of the Finnish economy continued to be reflected in the demand in the first
More informationJAPAN AIRLINES Financial Results 2 nd Quarter Mar / 2014 (FY2013)
JAPAN AIRLINES Financial Results 2 nd Quarter Mar / 2014 (FY2013) Yoshiharu Ueki, President Norikazu Saito, Managing Executive Officer 31 October, 2013 Contents P.2 P.3 P.4 P.6 1 Overview of 2 nd Quarter
More informationTHIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS
THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS In 3Q14 INTERJET total revenues were $ 3,643.4 million, representing an increase of 9.9% on revenues generated in the 3Q13. Accumulated 9M14 INTERJET total
More informationUBS 14 th Global Emerging Markets Conference. New York, November 2016
UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More informationJet Airways (India) Ltd. Presentation on Annual Results FY06. May 2006
Jet Airways (India) Ltd. Presentation on Annual Results FY06 May 2006 1 Agenda 1. Performance Highlights 2. Sahara Acquisition Update 3. Outlook 2 Performance Highlights 3 Domestic landscape capacity growth
More informationSAS Q1 2017/2018. Q1 in Summary: Improved earnings CHANGE VS. Q1 FY17
SAS 2017/2018 27.02.2018 in Summary: Improved earnings POSITIVES + Passenger revenue up 1% (FX adj.) + Cargo and EB-point sale revenue increased MSEK 109 + Efficiency program delivered MSEK 165 + Positive
More informationInvestor Relations Department
THAI AIRWAYS INTERNATIONAL Plc. (Year 2008) 1 Table of Contents 1. The Company 2. Statistical Information 3. Tentative Aircraft Delivery 4. Financial Performance 5. Going Forward 2 1. The Company 3 The
More informationFourth Quarter and Full Year 2009 Results Presentation January 27, 2010
Fourth Quarter and Full Year 2009 Results Presentation January 27, 2010 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating
More information1 st Quarter Results FY
1 st Quarter Results FY 2004-05 05 Q1 Highlights p Context 8Improving economic context 8Strong economic growth in Americas and Asia 8Modest economic recovery in Europe 8Soaring fuel prices 8IPE Brent up
More informationJET AIRWAYS (I) LTD. Presentation on Financial Results Q4 FY08
JET AIRWAYS (I) LTD Presentation on Financial Results Q4 FY08 June 24, 2008 1 1 1 Agenda Domestic operating environment Jet Airways performance highlights JetLite performance highlights Consolidated Jet
More informationLeaving the Competition Behind. Second Quarter (Apr-Jun) 2009 Results
Leaving the Competition Behind Second Quarter (Apr-Jun) 2009 Results 12 Aug 2009 1 Disclaimer Information contained in our presentation is intended solely for your reference. Such information is subject
More informationSAS Q1 2016/
SAS Q1 2016/2017 08.03.2017 Weak Q1 as expected new structural actions underway Q1 in summary Positives + Currency adjusted passenger revenue up 5% + Strong development of ancillary revenues + Passengers
More informationTHIRD QUARTER RESULTS 2018
THIRD QUARTER RESULTS 2018 KEY RESULTS In the 3Q18 Interjet total revenues added $ 6,244.8 million pesos that represented an increase of 7.0% over the revenue generated in the 3Q17. In the 3Q18, operating
More informationJAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2018(FY2017)
JAPAN AIRLINES Co., Ltd. Financial Results Mar/2018(FY2017) July 31, 2017 Today s Topics P.1 P.2 P.3 P.4~ P.6~ P.15~ Overview of Financial Results for Mar/18 Mar/18 (FY2017) 1 st quarter resulted in an
More informationCorporate Presentation PT Garuda Indonesia (Persero) Tbk
Corporate Presentation PT Garuda Indonesia (Persero) Tbk JP Morgan s Logistics Ecosystem Forum Singapore, 20-21 May 2013 Delivering Indonesia s Best to the World 0 Agenda 1. Industry Overview 2. Company
More informationCathay Pacific Airways Interim Results for the six months ended 30 June 2012
Cathay Pacific Airways Interim Results for the six months ended 30 June 2012 8 August 2012 1 Interim Result 1H2012 1H2011 Change Group attributable (loss) / profit HK$ million (935) 2,808-133.3% Group
More informationFIRST QUARTER RESULTS 2016
FIRST QUARTER RESULTS 2016 KEY RESULTS In 1Q16 Interjet total revenues added $3,850.8 million pesos that represented an increase of 21.9% over the income generated in the 1Q15. In 1Q16 total passengers
More informationCathay Pacific Airways Analyst Briefing. 21 November 2014
Cathay Pacific Airways Analyst Briefing 21 November 2014 Operating Performance Passenger demand remains strong, although growth in North America is significantly short of increase in capacity. Demand for
More informationAir China Limited 2015 First Quarter Results
Air China Limited 2015 First Quarter Results April 2015 Under PRC GAAP, unaudited Agenda Part 1 Part 2 Part 3 Results Highlights Business Performance Financial Review Part 1 Results Highlights Results
More informationAsia-Pacific Aviation: Growth and Challenges
Asia-Pacific Aviation: Growth and Challenges A presentation to the ACI-NA International Aviation Issues Seminar Steve Martin Page 1 Page 2 Defining the Asia Pacific We ll call it GMT +5 GMT +12, minus
More informationCorporate presentation CIBC Whistler Institutional Investor Conference January 21, 2010
Corporate presentation CIBC Whistler Institutional Investor Conference January 21, 2010 Forwardlooking statement Certain information in this presentation and statements made during this presentation, including
More informationCebu Air, Inc. Annual Stockholders Briefing. 24 June cebupacificair.com
Cebu Air, Inc. Annual Stockholders Briefing 24 June 2015 cebupacificair.com Business Updates Passengers (M) Operating Statistics 2014: Passenger traffic grew 17.5% to 16.9M. Seat capacity grew 14.8% to
More informationCebu Pacific Air (CEB) Briefing Routes Asia 2012 Chengdu, China
Cebu Pacific Air (CEB) Briefing Routes Asia 2012 Chengdu, China April 2012 Outline Who is Cebu Pacific? Business Proposition Support Package Required Who is Cebu Pacific? CEB: The Philippines Largest Carrier
More informationFinancial Results Q3 FY16
Financial Results Q3 FY16 6 February 2016 Agenda Key performance highlights Jet Airways performance highlights JetLite performance highlights 2 Key highlights Highest ever quarterly and period profit Jet
More informationJAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2017(FY2016) July 29, 2016
JAPAN AIRLINES Co., Ltd. Financial Results Mar/2017(FY2016) July 29, 2016 Today s Topics P.1 P.2 P.13 From the first quarter of this fiscal year, figures for Revenue Passengers Carried, ASK, RPK and Load
More information2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014
2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014 Half year in review Australian aviation market continues to face challenging conditions, ongoing subdued consumer sentiment and
More informationAIR NEW ZEALAND ANNUAL RESULTS ANNUAL RESULTS
AIR NEW ZEALAND ANNUAL RESULTS 2008 1 HIGHLIGHTS Record operating revenue, up 9% Normalised earnings* $197m Net cash position of $1.3bn Launched direct service to Vancouver and Beijing Award winning product
More informationBank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference. Miami, May 2018
Bank of America Merrill Lynch 2018 Emerging Markets Corporate Credit Conference Miami, May 2018 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated
More informationSTAYING TRUE. BofAML Global Transportation Conference. May
STAYING TRUE BofAML Global Transportation Conference May 19 2011 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any question
More informationNORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT FIRST QUARTER 2004 [This document is a translation from the original Norwegian version]
NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT 2004 IN BRIEF At the start of 2003, Norwegian has become a pure low-fare airline. The Fokker F-50 operations have been terminated, and during the quarter the
More informationDeutsche Bank 16 th Annual Global Emerging Markets. New York, September 2017
Deutsche Bank 16 th Annual Global Emerging Markets New York, September 2017 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and
More informationKorean Air Lines Q Results & 2011 Business Plan. 27 Feb 2011
Korean Air Lines 2010 4Q Results & 2011 Business Plan 27 Feb 2011 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air
More informationFY key data Passenger. Cargo. Maintenance. Other. Operating result in m. Revenues in bn -10.4% 78% 11%
Information meeting FY 2009-10 key data Revenues in bn Operating result in m 78% Passenger 16.3-13.6% -918 11% Cargo 2.4-27.8% -436 5% Maintenance 1.0-4.0% +81 6% Other 1.3-12 -10.4% 2 Our industry is
More informationEarnings Report 1 st Quarter 2016 Grupo Viva Aerobus
Earnings Report 1 st Quarter 2016 Grupo Viva Aerobus Grupo Viva Aerobus announces results for the first quarter of 2016 Mexico City, Mexico, April 29, 2016- Grupo Viva Aerobus S.A. de C.V. ( Grupo Viva
More informationAnalysts and Investors conference call. Q results. 15 May 2013
Analysts and Investors conference call Q1 2013 results 15 May 2013 Management summary Key messages of Q1 2013 +6% +9% +3.3%p. Q1 2013 operational KPIs are in line with 109.7 116.2 6.5 7.1 82.3 85.6 expectations,
More informationCathay Pacific Airways 2012 Analyst Briefing 28 June 2012
Cathay Pacific Airways 2012 Analyst Briefing 28 June 2012 1 Airline Strategy Grow our international network, expand frequencies and further develop Hong Kong as one of the world s leading aviation hubs
More informationSAS Q3 2016/
SAS Q3 2016/2017 05.09.2017 A strong summer performance drives result improvements Q3 IN SUMMARY Positives + Currency adjusted passenger revenue up 6.4% + Passengers up by ~300,000 + Ancillary and cargo
More informationCathay Pacific Airways Annual Results 10 March Cathay Pacific Airways Interim Results 6 August 2008
Cathay Pacific Airways 2009 Annual Results 10 March 2010 Cathay Pacific Airways 2008 Interim Results 6 August 2008 Annual Result 2009 2008 (restated) Group Profit/(Loss) HK$4,694m (HK$8,696m) Group Turnover
More information2017 A year of strong growth Finnair Q4 and FY 2017 result
2017 A year of strong growth Finnair Q4 and FY 2017 result 16.2.2018 Pekka Vauramo 1 A record Q4 concluded a strong year 2017 Comparable operating result at record level, 22.9 million euro (Q4 2016: 1.6)
More information