Interim Results. Half-year ended 27 October December 2018
|
|
- Bertram Turner
- 5 years ago
- Views:
Transcription
1 1 Interim Results Half-year ended 27 October December 2018
2 Cautionary statement 2 This document is solely for use in connection with a briefing on the group headed by Stagecoach Group plc ( the Group ). This document contains forward-looking statements that are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forwardlooking statements in this presentation will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation. This document is not a full record of the presentation because it does not include comments made verbally by Stagecoach Group management or by others.
3 3 ROSS PATERSON FINANCE DIRECTOR
4 Positioned for growth in bus and rail 4 Financial Adjusted EPS of 12.9p (H1 2018: 13.6p) ahead of expectations Basic EPS of (5.5)p (H1 2018: 13.6p) reflect exceptional charges Interim dividend maintained at 3.8 pence per share Full-year adjusted earnings will reflect the rail out-performance in the first half of the year Bus & Coach Continuing innovation and leadership Encouraging performance from UK Bus (regional operations) revenue per vehicle mile up 4.4% London contract renewal rates disappointing in challenging market North America strategic review Underlying performance in North America in line with revised expectations, but 85.4m noncash goodwill impairment recorded to reflect revised view of long-term profitability Rail Involved in short-listed bids for three new UK franchises Good profitability at East Midlands Trains; planned Direct Award through to at least August 2019 Opportunity for Williams review to deliver more customer-focused and sustainable model
5 UK Bus (regional operations) Encouraging first half performance 5 Half-year ended 27 Oct 2018 Half-year ended 28 Oct 2017 Change Revenue ( m) % Like-for-like revenue ( m) % Operating profit ( m) % Operating margin (%) 12.4% 12.0% 40bp Estimated like-for-like passenger journeys* (m) (0.8)% Passenger revenue growth like-for-like revenue per vehicle mile up 4.4% Journey trends in line with change in vehicle miles Good first half result boosted by good summer weather Contactless payment facilities on all our buses Range of initiatives to protect and grow business * Excludes inter-city coach services operated as a sub-contractor
6 UK Bus (London) Actions to improve competitiveness and benefit from longer term opportunities 6 Half-year ended 27 Oct 2018 Half-year ended 28 Oct 2017 Change Revenue and like-for-like revenue ( m) % Operating profit ( m) (6.2)% Operating margin (%) 4.7% 5.1% (40)bp Disappointing tender results in year in increasingly competitive bidding environment Holding our nerve maintaining sustainable contract pricing Reviewing bid models, financial forecasts, contract pricing and cost efficiency to identify opportunities to improve competitiveness Good progress on cost reduction programme Margin pressure expected to continue in short-term Longer term opportunities from planned housing development
7 North America Focused on new opportunities 7 Half-year ended 27 Oct 2018 Half-year ended 28 Oct 2017 Change Revenue (US$m) (3.2)% Like-for-like revenue (US$m) (3.0)% Operating profit (US$m) (23.2)% Operating margin (%) 6.6% 8.3% (170)bp No significant change since September trading update in expected 2018/19 profit Focus is on growing scheduled service (including megabus.com) and contract revenue business Further reviewing cost base Non-cash impairment charge of 85.4m, reflecting revised view of long-term profitability Reviewing strategic options in discussions regarding possible sale
8 Rail Good financial performance and new contract opportunities 8 Half-year ended 27 Oct 2018 Half-year ended 28 Oct 2017 (restated) Change Revenue ( m) (62.7)% Like-for-like revenue ( m) % Operating profit ( m) (47.0%) Operating margin (%) 3.4% 2.4% 100bp Positive resolution of contractual matters for former South West Trains franchise Good operational delivery and financial performance at East Midlands Trains Reduction in reported revenue and operating profit reflects ends of South West Trains franchise (in August 2017) and Virgin Trains East Coast franchise (in June 2018) Lower than usual like-for-like revenue growth reflects effects of Thameslink timetable changes and Derby resignalling work on East Midlands Trains profit contractually protected from adverse impact Involved in short-listed bids for three UK franchises Expected short-term East Midlands direct award from March 2019 until at least August 2019
9 Virgin Rail Group (incorporates West Coast franchise) Industry-leading innovations and strong financial performance 9 Half-year ended 27 Oct 2018 Half-year ended 28 Oct 2017 Change Revenue 49% share ( m) % Operating profit 49% share ( m) (7.4)% Operating margin (%) 4.5% 5.1% (60)bp Estimated passenger miles (m) 2, , % Continued strong financial performance margin slightly down reflecting new franchise terms Customer-focused innovation removing Friday peak-hour restrictions from London Euston Digital enhancements include selling tickets through Amazon Alexa platform
10 Stagecoach Group Good financial position 10 Half-year ended 27 Oct 2018 Half-year ended 28 Oct 2017 Change Net finance charges (including share of net finance income of joint ventures) ( m) (16.0) (17.9) 1.9 EBITDA from continuing operations and joint ventures* ( m) (13.7) Closing net debt ( m) (461.2) (482.8) 21.6 Net Debt/trailing 12-month EBITDA* 1.4x 1.4x - EBITDA*/Net finance charges (including share of net finance income of joint ventures) 11.0x 10.6x 0.4x * excluding exceptional items
11 11 MARTIN GRIFFITHS CHIEF EXECUTIVE
12 Overview 12 Good business fundamentals and strong financial position Growth in core regional bus operations and well positioned in de-risked rail market Clear understanding of changing dynamics and trends in our public transport markets Focus on growing demand through data, technology, innovation + better policy Leveraging technology and engaging with our people to make bus and rail services easier for customers, reduce costs and improve efficiency Positive outlook from growing pressure on governments to address road congestion, air quality and maximise benefit of public transport to economy
13 Understanding the dynamics and trends in public transport markets Changes in bus patronage in England between 2011/12 and 2016/17 Factors driving bus patronage by 0.3%+ p.a. London Compound Annual Growth Rate ( CAGR ) Metropolitan areas Non-metro areas All England Population 0.6% 0.7% 1.0% 0.8% Bus journey times (1.0)% (0.6)% (0.2)% (0.7)% Bus fares (0.2)% (0.4)% (0.5)% (0.3)% Factors driving bus patronage by 0.2% p.a. Car ownership/use 0.2% (0.6)% (0.8)% (0.2)% Online services (0.2)% (0.2)% (0.3)% (0.2)% Rounding (0.2)% Sub-total (0.6)% (1.1)% (0.8)% (0.8)% Other factors (0.1)% (0.3)% - (0.1)% 5-year CAGR (0.7)% (1.4)% (0.8)% (0.9)% Stagecoach UK Bus (regional operations) Division delivered like-for-like volume growth CAGR of 0.1% in the five years from 2011/2012 and 2016/17 Source: Confederation of Passenger Transport UK;
14 Understanding the dynamics and trends in public transport markets Population growth is the biggest positive driver of bus patronage across England. The biggest negative drivers of patronage are factors linked to road congestion: car ownership, increased bus journey times and higher bus fares Public policy decisions have also negatively impacted bus use: Cuts to local authority supported services have reduced the scope of bus networks the Government s decision to reduce the rate of Bus Service Operators Grant (fuel duty rebate) from April 2012 has increased bus operator costs and fares Online services (e.g. online shopping and delivery services) have had a lesser adverse impact on bus use The incremental impact from new taxi competition has been relatively modest
15 15 Future bus passenger trends: opportunities and risks Opportunities for growth Measures to tackle road congestion and air quality, promote public transport Stable public policy to minimise bus cost increases Stabilisation/growth in tendered bus services ex-london Further improvements in bus quality Benefits of operator use of data to grow patronage Increased car costs (fuel prices, insurance) Creating new reasons to travel, particularly to town centres Population growth and urbanisation Risks of decline Increased taxi competition More use of online services Greater flexible (and at home) working
16 Making our bus services easier for customers 16 Growth in new and refreshed inter-urban services by reflecting changing customer needs/expectations in product offer Partnership with Deloitte digital arm to deliver radical simplification of passenger information, with prioritisation of digital Brand strategy review to reconnect with customers and leverage strength of our market leading offer Completion of roll-out of Britain s biggest deployment of contactless technology on bus, with plans for QR code mobile ticketing on bus in 2019
17 Innovation: using data to predict and manage transport demand 17 Predictive demand analytics Partnership with CitySwifter to deliver more accurate bus schedules, business intelligence, improved reliability and cost efficiencies Trial on four major bus corridors into Oxford New schedules running since September 2018 focused initially on improving punctuality Demand responsive transport (DRT) Detailed analysis of key criteria across global DRT market initially identified four locations on Stagecoach network in England Data used to redesign services to generate growth from existing and new travel demand Commercial terms agreed for a strategic relationship with a technology provider
18 Innovation: understanding customers and developing new tech solutions 18 Hindsight rail app World s first retrospective pricing app in test following Stagecoach Group c.20% investment in Global Travel Ventures Limited Responds to new agile working environment by allowing customers to pay for journeys they take over course of a week Live test underway on East Midlands Trains network Customer segmentation and marketing In-house data consolidation across Group Better segmentation and understanding of customer behaviour Improved and more targeted marketing in UK
19 Innovation: supporting future travel developments 19 Autonomous Vehicle (AV) Technology Live depot trial in Manchester of full-size bus in AV mode from January 2019 World s largest trial of autonomous buses from March 2019 between Fife and Edinburgh, backed by 4.35m funding from Innovate UK Insight into best practice in AV operations to position Stagecoach for future opportunities Intelligent Mobility Accelerator Key corporate sponsor of partnership between Transport Systems Catapult and Wayra UK, the world-leading start-up accelerator Opportunity to pilot with innovative start ups across the mobility spectrum
20 Influencing transport policy 20 Urban Mobility Partnership Formed by Stagecoach Group and car rental group, Enterprise Holdings Brings together key stakeholders to develop practical policy solutions aimed at reducing congestion, improving air quality and making journeys easier in UK towns and cities Initial policy proposals focus on mobility credits, planning and grey fleets
21 UK rail market and government policy review 21 Group well-positioned in UK rail market Three live contract bids both individually and with strong partners Direct Award at East Midlands Trains through to at least August 2019 expected shortly More than 20 years' experience of delivering benefits for customers, taxpayers, investors Williams rail review presents opportunity for a more sustainable franchising model and a successful railway for customers and taxpayers
22 Strong Group financial position and positive outlook 22 Disciplined capital investment across the business Increase in expected 2018/19 adjusted earnings per share Brexit risks evaluated and manageable Opportunities from innovation, new initiatives and growing pressure on government to address congestion and air quality
23 23 INTERIM RESULTS HALF-YEAR ENDED 27 OCTOBER 2018
24 APPENDICES 24
25 Summary income statement 25 Half-year ended 27 Oct 2018 Half-year ended 28 Oct 2017 UK Bus (regional operations) operating profit Change m UK Bus (London) operating profit (0.4) Citylink profit after tax North America operating profit (5.1) UK Rail operating profit (10.2) Virgin Rail Group profit after tax (0.7) Restructuring costs, Group overheads and other items (8.3) (9.1) 0.8 Operating profit (11.4) Finance charges (net) (16.4) (18.1) 1.7 Tax (13.2) (18.6) 5.4 Profit excluding exceptionals (4.3) Exceptionals, net of tax (105.5) - (105.5) Reported (loss)/profit (31.7) 78.1 (109.8) Adjusted earnings per share (pence) (0.7)
26 UK Bus (regional operations) Growth analysis 26 Like-for-like growth Half-year to 27 October 2018 Revenue Journeys Implied yield megabus.com UK 24.1% 13.6% 9.3% Other commercial 2.9% (0.4)% 3.2% Concessionary 1.0% (2.2)% 3.3% Tendered and school 3.6% Contract and other revenue 15.7% Total 3.4% (0.8)% 4.3%
27 Taxation 27 Pre-tax profit/(loss) m Half-year to 27 October 2018 Excluding exceptional items 90.0 (16.2) 18.0% Exceptional items (109.6) 4.1 Tax m (19.6) (12.1) Reclassify joint venture taxation for reporting purposes (3.0) 3.0 Reported in income statement (22.6) (9.1) Rate % Cash tax paid (net) 16.8
28 Movement in net debt 28 Half-year to 27 Oct 2018 m EBITDA from Group companies before exceptional items Loss on disposal of property, plant and equipment 0.7 Equity-settled share based payment expense 0.4 Dividends from joint ventures 6.0 Working capital movements (145.2) Net interest paid (20.0) Tax paid (16.8) Net cash from operating activities (14.1) Net capital expenditure including new hire purchase and finance leases (44.2) Acquisitions/disposals of businesses and intangibles 26.3 Token sales and redemptions (0.1) Cash generation (32.1) Foreign exchange, income statement and other movements (10.9) Equity dividends (22.4) Increase in net debt 65.4 Opening net debt Closing net debt 461.2
29 Fuel hedging 29 UK Bus (regional) UK Bus (London) North America UK Rail 2018/19 - % of forecast consumption hedged 95% 75% 71% 83% - average hedge price (per litre) 28.7p 37.5p 48.1 cents 33.1p 2019/20 - % of forecast consumption hedged 94% 27% 51% - - average hedge price (per litre) 33.8p 31.4p 52.1 cents /21 - % of forecast consumption hedged 70% 14% 13% - - average hedge price (per litre) 33.1p 33.9p 57.7 cents /22 - % of forecast consumption hedged 24% average hedge price (per litre) 40.2p Market price (per litre) 47.4p 47.4p 59.2 cents 47.4p Market prices are as at 31 October Prices exclude delivery margins, duty, taxes and Bus Services Operators Grant ( BSOG )
30 Definitions 30 Like-for-like amounts are derived, on a constant currency basis, by comparing the relevant yearto-date amount with the equivalent prior year period for those businesses and individual operating units that have been part of the Group throughout both periods. Where the number of days differs between the current and prior year periods, the prior year amount is normalised for that when calculating like-for-like amounts. Operating profit or loss for a particular business unit or division within the Group refers to profit or loss before net finance income/costs, taxation, non-controlling interests, non-software intangible asset amortisation, exceptional items and restructuring costs. Operating margin for a particular business unit or division within the Group means operating profit or loss as a percentage of revenue. Exceptional items means items which individually or, if of a similar type, in aggregate need to be disclosed by virtue of their nature, size or incidence in order to allow a proper understanding of the underlying financial performance of the Group. Gross debt is borrowings as reported on the consolidated balance sheet, adjusted to exclude accrued interest and the effect of fair value hedges on the carrying value of borrowings. Net debt (or net funds) is the net of cash/cash equivalents and gross debt. TfL refers to Transport for London, a governmental body.
31 31 INTERIM RESULTS HALF-YEAR ENDED 27 OCTOBER 2018
Annual Results. Year ended 28 April June 2018
1 Annual Results Year ended 28 April 2018 28 June 2018 Cautionary statement 2 This document is solely for use in connection with a briefing on the group headed by Stagecoach Group plc ( the Group ). This
More informationAnnual Results. Year ended 30 April June 2014
1 Annual Results Year ended 30 April 2014 25 June 2014 Cautionary statement 2 This document is solely for use in connection with a briefing on the group headed by Stagecoach Group plc ( the Group ). This
More informationTHE GO-AHEAD GROUP PLC HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 29 DECEMBER 2018
THE GO-AHEAD GROUP PLC HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 29 DECEMBER 2018 BUSINESS OVERVIEW Continued good progress made in all three strategic pillars: protect and grow the core; win new bus
More informationRamsay Health Care Limited Results Briefing Half Year ended 31 December 2018
Ramsay Health Care Limited Results Briefing Half Year ended 31 December 2018 Craig McNally, Group Managing Director & Bruce Soden, Group Finance Director 28 February 2019 ramsayhealth.com Agenda Group
More informationInterim results. 11 May 2010
Interim results 11 May 2010 Introduction Andy Harrison Chief Executive Officer Strong performance despite disruption Improvement in revenue, margins and cash Continued network improvement has driven better
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 informationAn innovative media company delivering sustainable, profitable growth Half year results 21 st August 2013
An innovative media company delivering sustainable, profitable growth Half year results 21 st August 2013 Richard Findlay Chairman An innovative media company delivering sustainable, profitable growth
More informationGerry Laderman SVP Finance, Procurement and Treasurer
Gerry Laderman SVP Finance, Procurement and Treasurer Safe Harbor Statement Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect
More informationHalf Year F1 Results. November 4, 2015
Half Year F1 Results November 4, 2015 F17 Q1 Results 20 JULY 2016 Q1 BUSINESS HIGHLIGHTS Passenger growth of 18% to 5.8m pax on 17% seat growth Record underlying profit of 38.6m (+14%) despite Easter effect
More informationHeathrow (SP) Limited
28 April 2014 Heathrow (SP) Limited Results for three months ended 31 March 2014 Strong operational and financial performance at the outset of the new regulatory period Highest ever passenger satisfaction
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 informationAgenda. Introduction Christine Ourmières-Widener. Financial Review Ian Milne. Performance Update & Outlook Christine Ourmières-Widener
1 Agenda Introduction Christine Ourmières-Widener Financial Review Ian Milne Performance Update & Outlook Christine Ourmières-Widener 2 Strategy of regional connectivity is working Important to UK economy,
More informationManaging through disruption
28 July 2016 Third quarter results for the three months ended 30 June 2016 Managing through disruption 3 months ended Like-for-like (ii) m (unless otherwise stated) Change 30 June 2016 30 June 2015 change
More informationFor personal use only
HELLOWORLD ANNOUNCES RESULTS FOR THE YEAR ENDED 30 JUNE 2014 HIGHLIGHTS Total Transaction Value (TTV) of $4.9 billion Adjusted EBITDAI (1) of $40.6 million Loss before tax of $61.2 million includes the
More informationEASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2013
24 July 2013 easyjet Interim Management Statement Page 1 of 6 EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2013 A. HIGHLIGHTS: Total revenue for the third quarter grew by 10.5% to
More informationHeathrow (SP) Limited
Draft v2.0 10 Feb Heathrow (SP) Limited Results for year ended 31 December 2013 24 February 2014 Strong operational and financial performance in 2013 Passenger satisfaction at record high and over 72 million
More informationAEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS
AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS Moscow, 1 March 2018 Aeroflot Group ( the Group, Moscow Exchange ticker: AFLT) today publishes its audited financial statements in accordance with International
More informationFirstGroup plc South Western
FirstGroup plc South Western Rail franchise award Monday 27 March 2017 Overview Delighted to be selected by the Department for Transport (DfT) to operate the South Western franchise for at least seven
More informationVirgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1
Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Summary of H1 FY18 Group Outcomes 2 Group Underlying Profit Before Tax of $102.5 million up 142.3% Group Statutory Profit After Tax of $4.4
More informationRecord Result. 2006/07 Full Year Results Investor Presentation. Moved on successfully following bid. Profit before tax % to $1,032 million
2006/07 Full Year Results Investor Presentation August 16 2007 Record Result Moved on successfully following bid Profit before tax + 53.8% to $1,032 million Group returning above Cost of Capital 2 Key
More information1Q 2017 Earnings Call. April 18, 2017
1Q 2017 Earnings Call April 18, 2017 Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain
More informationCopa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018
Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Panama City, Panama --- Aug 8, 2018. Copa Holdings, S.A. (NYSE: CPA), today announced financial results
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 informationInterim Results Presentation to Investors
Interim Results Presentation to Investors SIR IAN PROSSER CHAIRMAN BASS PLC Highlights 3 Turnover + 11.2% Operating profit * + 21.2% Earnings per share * + 13.6% Dividend per share + 3.1% * Adjusted for
More informationM.A.G INTERIM REPORT AND ACCOUNTS. magworld.co.uk. Six months ended 30 September 2013
2013-14 M.A.G INTERIM REPORT AND ACCOUNTS Six months ended 30 September 2013 magworld.co.uk 02 Contents CONTENTS OUR BUSINESS 04 FINANCIAL AND BUSINESS HIGHLIGHTS Chief Executive s review 06 Financial
More information2007/08 Full Year Results Investor Briefing
2007/08 Full Year Results Investor Briefing Highlights of Result Profit before tax up 46% to $1,408 million Up 36% on the reported result Margin improvement $3 billion of Sustainable Future Benefits achieved
More informationQ3 FY18 Business Highlights
Q3 FY18 RESULTS Q3 FY18 Business Highlights 1 2 3 4 5 6 7 Record passengers 7.1m, record revenues 423m Investing in growth 24% passenger growth in Q3 Disciplined cost management flat ex-fuel CASK Largest
More informationINVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015
INVESTOR PRESENTATION Imperial Capital Global Opportunities Conference September 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private
More informationRamsay Health Care Limited Results Briefing Year ended 30 June 2018
Ramsay Health Care Limited Results Briefing Year ended 30 June 2018 Craig McNally, Managing Director & Bruce Soden, Group Finance Director 30 August 2018 ramsayhealth.com Agenda Group Performance Overview
More informationWizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load Factor of 88% (+2.3ppt)
Q3 F17 FINANCIAL RESULTS 1 FEBRUARY 2017 BUSINESS HIGHLIGHTS Current market conditions favour ULCCs Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load
More informationEASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011
22 July 2011 easyjet Interim Management Statement Page 1 of 5 22 July 2011 EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011 Highlights (figures below are for the quarter ended 30
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 informationInterim Report 6m 2014
August 11, 2014 Interim Report 6m 2014 Investors and Analysts Conference Call on August 11, 2014 Joachim Müller, CFO Latest ad-hoc release (August 4, 2014) Reduction of forecast, primarily due to a further
More informationHighlights from the Annual Results December 2007
Highlights from the Annual Results December 2007 Disclaimer The information in this document is taken from the BAA 2007 Annual Results ( the Results ) which were published on 11 March 2008 and other public
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 informationCorporate Presentation National Bank Transportation and Logistics Conference March 24, 2010
Corporate Presentation National Bank Transportation and Logistics Conference March 24, 2010 Forwardlooking statement Certain information in this presentation and statements made during this presentation,
More informationThe Manager Company Announcements Australian Stock Exchange Limited Sydney NSW Dear Sir. Demerger of BHP Steel
The Manager Company Announcements Australian Stock Exchange Limited Sydney NSW 2000 Dear Sir Demerger of BHP Steel At the time of the announcement of the creation of the DLC between BHP Limited and Billiton
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Net Income of US$32.0 Million and EPS of US$0.72 for the Second Quarter of 2012 Excluding special items, adjusted net income came in at $58.6 million, or EPS of $1.32 per share Panama
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 informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Net Income of US$113.1 Million and EPS of US$2.57 for the First Quarter of 2015 Excluding special items, adjusted net income came in at US$106.0 million, or EPS of US$2.41 per share
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 information23 February The Manager Market Announcements Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000.
Level 1 157 Grenfell Street Adelaide SA 5000 GPO Box 2155 Adelaide SA 5001 Adelaide Brighton Ltd ACN 007 596 018 Telephone (08) 8223 8000 International +618 8223 8000 Facsimile (08) 8215 0030 www.adbri.com.au
More informationCiti Industrials Conference
Citi Industrials Conference June 13, 2017 Andrew Levy Executive Vice President and Chief Financial Officer Safe Harbor Statement Certain statements included in this presentation are forward-looking and
More informationSHAPING A SUSTAINABLE FUTURE
SHAPING A SUSTAINABLE FUTURE Full Year Results Year ended 31 March 2017 Analyst and Investor Presentation 8 June 2017 Agenda Introduction Christine Ourmieres-Widener Financial Review Philip de Klerk Performance
More informationINVESTOR PRESENTATION. May 2015
INVESTOR PRESENTATION May 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the
More informationEASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER easyjet delivers a good start to the year, in line with expectations
EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2018 easyjet delivers a good start to the year, in line with expectations Summary easyjet has delivered a good performance in the quarter with
More informationCriteria for an application for and grant of, or variation to, an ATOL: Financial
Consumer Protection Group Air Travel Organisers Licensing Criteria for an application for and grant of, or variation to, an ATOL: Financial ATOL Policy and Regulations 2016/01 Contents Contents... 1 1.
More informationFinancial overview. Adjusted operating cash flow* Annual dividend (excluding special dividend) Dollar movement. Percentage
1 Financial overview June 2007 June 2006 Dollar movement Percentage movement Operating revenue $4,297m $3,805m $492m 13% PBUT $268m $150m $118m 79% NPAT $214m $96m $118m 123% Adjusted operating cash flow*
More informationFIRST QUARTER RESULTS 2017
FIRST QUARTER RESULTS 2017 KEY RESULTS In the 1Q17 Interjet total revenues added $4,421.5 million pesos that represented an increase of 14.8% over the income generated in the 1Q16. In the 1Q17, operating
More informationAer Lingus Group plc. Interim Management Statement
Aer Lingus Group plc ISE: EIL1 LSE: AERL Interim Management Statement Dublin and London, 4 th May 2010: Aer Lingus Group plc ( Aer Lingus or the Group ) today issues an un-audited interim management statement
More informationAnalyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board
Analyst and Investor Conference Call Q2 2017 Ulrik Svensson, CFO and Member of the Executive Board Frankfurt, 2 August 2017 Disclaimer The information herein is based on publicly available information.
More informationOPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS
Copa Holdings Reports Net Income of US$6.2 Million and EPS of US$0.14 for the Third Quarter of 2015 Excluding special items, adjusted net income came in at $37.4 million, or EPS of $0.85 per share Panama
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 information2018 full-year results
2018 full-year results 01 Message from Chairman & CEO 02 FY 2018 Results 03 Business drivers 04 Outlook 02 FY 2018 financial results Key figures Revenue 2.85 Bn ROP 115 M Net debt 252 M Free cash flow
More informationCopa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018
Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 May 9, 2018 PANAMA CITY, May 9, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial
More informationEASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2010
20 January 2011 easyjet Interim Management Statement Page 1 of 5 20 January 2011 EASYJET INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2010 Highlights: Total revenue up by 7.5% to 654
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 informationAer Lingus Group plc. Interim Management Statement
Aer Lingus Group plc ISE: EIL1 LSE: AERL Interim Management Statement Dublin and London, 5 th November 2010: Aer Lingus Group plc ( Aer Lingus or the Group ) today issues an un-audited interim management
More informationResults for the year ended 31 December Creating Advantage
Results for the year ended 31 December 2018 Creating Advantage 2018 Overview Record revenues and profits Revenue 225m +14% HPBT 31m +26% Growth in Healthcare Revenue 152m +27% Profits 35m +36% Return to
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 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 information2006 Preliminary Results. 7 March 2007
2006 Preliminary Results 7 March 2007 Anthony Rabin 16 Headline numbers 2005 2006 Revenue 4,938m 5,852m +19% Pre-tax profit* 134m 152m +13% Adjusted eps* 24.1p 27.3p +13% Full-year proposed dividend 8.1p
More informationHelloworld Travel Limited results announcement Half year ended 31 December 2017
Helloworld Travel Limited results announcement Half year ended 31 December 2017 HIGHLIGHTS FOR THE HALF YEAR ENDED 31 DECEMBER 2017 Total Transaction Value (TTV) growth of 2.7% to $2.968 billion. Earnings
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Financial Results for the Fourth Quarter of 2015 Excluding special items, adjusted net income came in at $31.7 million, or EPS of $0.73 per share Panama City, Panama --- February
More informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Financial Results for the First Quarter of 2016 Excluding special items, adjusted net income came in at US$69.9 million, or EPS of US$1.66 per share Panama City, Panama --- May 5,
More information75 Years of Thrills and Entertainment. The Rank Group Plc Preliminary Results to 30 June 2012
75 Years of Thrills and Entertainment The Rank Group Plc Preliminary Results to 30 June 2012 Agenda Introduction Ian Burke, chairman and chief executive Review of financial results Clive Jennings, finance
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 informationOPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS
Copa Holdings Reports Financial Results for the Third Quarter of 2016 Excluding special items, adjusted net income came in at $55.3 million, or adjusted EPS of $1.30 per share Panama City, Panama --- November
More information26 October 2017 Icelandair Group Interim Report NET PROFIT USD 101 MILLION IN THIRD QUARTER
NET PROFIT USD 101 MILLION IN THIRD QUARTER Total income in Q3 up by 10% between years, to USD 536.0 million Passenger revenue higher than expected EBITDA unchanged year on year, at USD 161.1 million Passenger
More information1.3% millionn euros. Net debt of 5.4 improvement. euros to. Financial Year. the Air. operating. equipped. ness and. also focus on.
25 th July 2014 Financial Year 2014: First Half results SECOND QUARTER Revenues of 6.45 billion euros, upp 1.7% like-for-like; passenger unit revenue up 1.3% at constant currency thanks to strict capacity
More informationQANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL
ASX and Media Release Sydney, 21 February 2019 QANTAS DELIVERS STRONG FIRST HALF RESULT DESPITE HIGHER FUEL BILL Underlying Profit Before Tax: $780 million (down $179 million) Statutory Profit Before Tax:
More informationJ.P. Morgan Aviation, Transportation and Industrials Conference
J.P. Morgan Aviation, Transportation and Industrials Conference March 3, 08 Scott Kirby President Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect
More informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Net Income of $103.8 million and EPS of $2.45 for the Third Quarter of 2017 Excluding special items, adjusted net income came in at $100.8 million, or EPS of $2.38 per share Panama
More informationInvestment Highlights
Third Quarter 2014 Investment Highlights 1 Mexican airport portfolio positioned to take full advantage of global growth. 2 Diversified business model contributing to earnings resilience. 3 Well-defined
More informationCopa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013
Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Panama City, Panama --- February 12, 2014. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the
More informationSpirit Airlines Reports First Quarter 2018 Results
Spirit Airlines Reports First Quarter 2018 Results MIRAMAR, Fla., April 26, 2018 - Spirit Airlines, Inc. (NYSE: SAVE) today reported first quarter 2018 financial results. For the first quarter 2018, Spirit
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,
More informationRESULTS RELEASE 20 August GENTING HONG KONG GROUP ANNOUNCES FIRST HALF RESULTS FOR 2015 Highlights
RESULTS RELEASE 20 August 2015 FOR IMMEDIATE RELEASE INTERNATIONAL GENTING HONG KONG GROUP ANNOUNCES FIRST HALF RESULTS FOR 2015 Highlights The commentary below is prepared based on a comparison of the
More informationAIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter
AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter MONTRÉAL, November 4, 2010 Air Canada today reported operating income
More informationNet Debt, $m 1, ,733.7
Virgin Australia Holdings Limited (ASX: VAH) FY17 Results: Stronger Cash and Balance Sheet, Statutory and Underlying Loss, Outlook Improving 1 Summary of FY17 Financial Outcomes Group Underlying Loss Before
More informationInvestor Relations Update January 25, 2018
General Overview Investor Relations Update Accounting Changes On January 1, 2018, the company adopted two new Accounting Standard Updates: (ASUs): ASU 2014-9: Revenue from Contracts with Customers (the
More informationFor personal use only
HELLOWORLD TRAVEL LIMITED RESULTS ANNOUNCEMENT Highlights for the year ended 30 June 2018 Total Transaction Value (TTV) growth of 3.5% to $6.1 billion, underpinned by strong air ticket sales volume growth.
More informationTUI News Investor Relations
records very successful financial year 2013/2014 Merger with TUI Travel PLC about to be closed Significant outperformance against earnings targets in full financial year 2013/2014; earnings growth driven
More informationUK Experience with Bus Restructuring
UK Experience with Bus Restructuring Outline 1. Background 2. Bus Deregulation outside London 3. London strategy 4. Results to date 5. Edinburgh Case Study 1 Background Prior to mid-1980s, UK local bus
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 informationPress Release. Bilfinger 2017: Stable foundation laid for the future
Press Release February 14, 2018 Bilfinger 2017: Stable foundation laid for the future Organic growth in orders received after three years of decline Trend reversal: Output volume better than expected Growth
More informationE190 REPLACEMENT & FLEET UPDATE JULY 11, 2018
1 E190 REPLACEMENT & FLEET UPDATE JULY 11, 2018 SAFE HARBOR This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A
More informationM2 Group Ltd 2014 Interim Results
M2 Group Ltd 2014 Interim Results 24 February 2014 Geoff Horth, CEO Presentation Content Record Financial Performance Strong Organic Growth FY14 Priorities and Guidance Slide 2, 24 February 2014 Record
More informationInterim Report 3m Bilfinger Berger SE, Mannheim May 10, 2012 Joachim Müller, CFO
Interim Report 3m 2012 Bilfinger Berger SE, Mannheim May 10, 2012 Joachim Müller, CFO Bilfinger Berger SE Interim report 3m 2012 May 10, 2012 Page 1 3m 2012: Highlights Growth in output volume and orders
More informationSAS Q3 2017/ August 2018
SAS Q3 2017/2018 31 August 2018 Strong earnings in peak season POSITIVES Record number of passengers Total revenue up MSEK 936 vs. LY Currency adjusted yield up 1.1% vs. LY EB point sale up 27% vs. LY
More informationSpirit Airlines Reports First Quarter 2017 Results
Spirit Airlines Reports First Quarter 2017 Results MIRAMAR, Fla., April 28, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported first quarter 2017 financial results. GAAP net income for the first
More informationFY17 Full Year Results Management Call, 13 December Robinson Club Noonu, Maldives
Full Year Results Management Call, 3 December 207 Robinson Club Noonu, Maldives TUI Group TUI continues its strong performance track record in Third consecutive year of strong top line and earnings growth
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 informationForward looking statements
1 Forward looking statements This presentation contains forward-looking statements. Forward-looking statements often include words such as anticipate", "expect", "intend", "plan", "believe, continue or
More informationInvestor Presentation
TUI Group Investor Presentation WestLB Deutschland Conference 2010 17 November 2010 TUI AG Investor Relations Seite 1 Future-related related statements This presentation contains a number of statements
More informationFinnair Q Result
Finnair Q2 2015 Result 14 August 2015 CEO Pekka Vauramo, Interim CFO Mika Stirkkinen 1 Market environment shows signs of improvement There were signs of a recovery in the demand for consumer and business
More informationPress Release. Bilfinger with dynamic start to financial year 2018
Press Release May 15, 2018 Bilfinger with dynamic start to financial year 2018 Book-to-bill ratio reaches 1.2 in the first quarter Fourth consecutive growth quarter in orders received Adjusted EBITA above
More informationFor personal use only HILLS HOLDINGS HALF YEAR RESULTS FY2013
HILLS HOLDINGS HALF YEAR RESULTS FY2013 TODAY KEY HIGHLIGHTS OUR FY13 FIRST HALF RESULTS GROUP PERFORMANACE FIRST HALF NPAT 1 $8.2M IN LINE WITH NOVEMBER AGM GUIDANCE. STRONG MANAGEMENT OF WORKING CAPITAL
More informationTransport Focus 2016 Bus Passenger Survey Briefing 22 March Liverpool
Transport Focus 2016 Bus Passenger Survey Briefing 22 March 2017 - Liverpool Presentation of BPS 2016 results David Sidebottom & Robert Pain Bus Passenger Survey 2016 - Scope 42 areas in England: a. 6
More informationMedia Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS. Fully franked interim dividend of 10 cents per share
Media Release QANTAS RESULTS FOR THE HALF YEAR ENDED 31 DECEMBER 2004 HIGHLIGHTS Profit before tax of $601.3 million Net profit after tax of $458.4 million Revenue of $6.4 billion Fully franked interim
More information