Investor Presentation
|
|
- Benjamin Wade
- 6 years ago
- Views:
Transcription
1 TUI Group Investor Presentation WestLB Deutschland Conference November 2010 TUI AG Investor Relations Seite 1
2 Future-related related statements This presentation contains a number of statements related to the future development of TUI. These statements are based both on assumptions and estimates. Although we are convinced that these future-related statements are realistic, we cannot guarantee them, for our assumptions involve risks and uncertainties which may give rise to situations in which the actual results differ substantially ti from the expected ones. The potential ti reasons for such differences include market fluctuations, the development of world market fluctuations, the development of world market commodity prices, the development of exchange rates or fundamental changes in the economic environment. TUI does not intend or assume any obligation to update any forward-looking statement to reflect events or circumstances after the date of these materials. TUI AG Investor Relations Page 2
3 Agenda I. Group overview II. Financials & Financing update III. Outlook TUI AG Investor Relations Page 3
4 TUI current group structure Tourism Tour operator Hotels Cruises Container shipping At equity 43.3% * TUI AG Investor Relations Page 4 * 49.8% after conversion of Hybrid I on or prior 31 December 2010 in the context of the capital markets refinancing of Hapag-Lloyd
5 Tourism TUI Travel TUI AG Investor Relations Page 5
6 Tourism TUI Travel business segments Mainstream Specialist & Emerging Markets Activity Central, Northern & Western Europe TUI Travel is No 1 in most 22m customers European markets: Classic tour operator business Market leadership 40 specialist tour operators worldwide Approximately 1m customers Exclusive products / strong local brands 57 business units in 8 countries Lifestyle travel products Market leading brands Country Market position* Market share* Germany 1 27% Austria 1 48% Switzerland 3 18% Poland 1 14% UK 1 34% Nordics 2 26% France 1 33% Accommodation & Destinations TUI AG Investor Relations Page 6 Incoming agencies in 48 countries Online portals in Europe and Asia Destination services / online accommodation Belgium 2 44% Netherlands 1 20% * Mainstream sector based on external research
7 Tourism TUI Hotels & Resorts TUI AG Investor Relations Seite 7
8 Tourism TUI Hotels & Resorts at a glance No 1 leisure hotelier in Europe with 243 hotels and approx. 154,000 beds Most hotel companies with local partners Focus on four star category High occupancy rates through access to TUI Travel customers and direct distribution Selective growth in existing and new destinations Group-controlled hotel beds by regions Caribbean 21% North Africa/ Egypt 22% 5 Stars 24% Other 7% Hotels by categories Total: 243 Western Mediterranean 32% Eastern Mediterranean 18% 3Stars 12% 4 Stars 64% TUI AG Investor Relations Page 8
9 Tourism TUI Cruises TUI AG Investor Relations Seite 9
10 Tourism Cruises overview Hapag-Lloyd Cruises operates 4 ships in the German premium and luxury segment EUROPA, the flagship of the fleet, is for the eleventh time in succession the only 5 stars plus cruise ship in the world* * rated by Berlitz Cruise Guide Joint Venture (50/50) with Royal Caribbean Cruises Ltd. First cruise of Mein Schiff in May 2009 Fleet expansion announced for May 2011 with Mein Schiff II TUI AG Investor Relations Page 10
11 Tourism Relative strength of Corporate Germany TUI turnover split 08/09 Growth potential in segments* thereof Germany 29% thereof UK 23% Total: 16.6 bn Mainstream 82% Mainstream Sun & Beach Activity & Specialist Round trips, soft Adventure, Educational Travel, Residences Modular Flight, Hotel, Dynamics 2-3% 5-7% 8-10% Specialist 15% Hotel & Resorts Cruises 2% 1% Leisure Hotels 4-6% Cruises Ocean, River 8-10% * Based on external research Opportunities: Increase profitability by improving efficiency, exploiting synergies and reducing costs Leverage flexible business model and take advantage of new trends Growing differentiated hotel portfolio and carefully expand the German speaking cruise business Enter new source markets like China, India, Russia and Brazil TUI AG Investor Relations Page 11
12 Container shipping Hapag-Lloyd participation TUI AG Investor Relations Page 12
13 Container shipping Hapag-Lloyd at a glance TUI AG Albert Ballin KG Leading global container carrier 43 1/3%* 56 2/3% BidCo 100% 127 container vessels with a total capacity of 571,279 TEU** Revenues of approx. 4.9 bn (pro forma 08/09) Volume of 4.8 m TEU (pro forma 08/09) Hapag-Lloyd * 49.8% after conversion of Hybrid I on or prior 31 December 2010 in the context of the capital markets refinancing of Hapag-Lloyd ** Fleet Status: 30 June 2010 Sale of majority stake of Hapag-Lloyd to Albert Ballin in March 2009 Remaining participation of 43.3%* consolidated at equity from Q onwards TUI AG Investor Relations Page 13
14 Container shipping Relative strength of Corporate Germany Hapag-Lloyd volume split 2009 (m TEU) Developm. of transport volume (m TEU) CAGR 7% 160 CAGR 10% e 2011e 2012e 2013e 2014e 2015e HISTORICAL FORECAST Opportunities: Continue to increase operational efficiency, productivity and profitability Build on our strong reputation and long-standing and diversified customer base Achieving profitable organic growth and a solid financial profile Source: Global Insight, June 2010 TUI AG Investor Relations Page 14
15 Agenda I. Group overview II. Financials i & Financing i update III. Outlook TUI AG Investor Relations Page 15
16 P&L statement 3 rd quarter 2009/10 (in m) Group - key figures Q3 09/10 Q3 08/09 % Turnover 4, , Underlying EBITA Reported EBITA n.m. Group profit Segments - Underl. EBITA Q3 09/10 Q3 08/09 % TUI Travel TUI Hotels & Resorts Cruises n.m. Central operations Continuing operations Container shipping* n.m. *for information only on a 100% basis TUI AG Investor Relations Page 16
17 Balance sheet 30 June 10 Net financial debt position bn 06/10 03/10 09/09 06/09 Financial liabilities non-current current Cash Net debt Net debt assets held for sale Net debt incl. assets held for sale The net financial debt position decreased with the typical seasonal swing in the tourism business compared to the end of March The net financial debt position increased y-o-y due to additional liquidity idit support for Hapag-Lloyd in H TUI AG Investor Relations Page 17
18 Capital employed in shipping Amount 1 ( m) Comment Pro Forma ( m) Equity 43.3% 1,187 Right to tender in 2012 ³ 1,537² Hybrid I Conversion into equity on or prior to 12/2010 _ Hybrid II 350 Hybrid III 215 Interest of 5% p.a. Interest step up to market rate as of 07/2011 Expected repayment by 12/2010, 25 m guaranteed by Hamburg in 03/ _ Bridge loan 226 Repayment in 11/2010 _ Vendor loan 180 Maturity 01/ Loans and hybrids 1, Ttl Total 2,508 2,067 TUI AG Investor Relations Page 18 1) Nominal value 2) Conversion of Hybrid I ( 350 m) on or prior 31 December 2010 leads to 49.8% stake in Hapag-Lloyd 3) For 33.3%
19 Impact of the successful refinancing of Hapag-Lloyd on TUI AG Termination of state loan guarantee by Hapag-Lloyd Payment restrictions imposed by such guarantee ceased to exist Successful issue of bonds by Hapag-Lloyd totaling approx. 650 m Cash inflow of around 65 m in November 2010 on deferred interest Repayment of the bridge loan in the amount of 226 m in November 2010 Expected repayment of Hybrid III (TUI portion 215 m) at the end of 2010 TUI AG Investor Relations Page 19
20 Pro forma financing TUI AG assuming no further repayments from HL until 2012 and excluding operational effects -in m - TTP HL loan HL Real est. d) 79 b) c) 150 Hybrid III 150 CASH IN Disposal proceeds / 1800 Repaym. repayments of 1600 HL City of remaining capital Cash TUI AG a) 1061 TTP bridge loan 190 e) 455 loan HH HL 25 TUI interest PP 65 b) employed in HL (approx. 2.1bn) Asset streamlining programme (approx. 0.5bn) 400 CASH OUT 2009/ /11 Repayment of bonds ( 1.1bn in H2/2012) a) includes cash deposit of TUI Travel of 430 m b) split loans/private placements: 50 m (09/10); 150 m (12/10) c) approx. amount expected at the end of 2010 d) outstanding shareholder loan (12/10) netted against deposit e) further early repayment of 35 m in Q3 06/10 TUI AG Investor Relations Page 20 Cash Senior notes Loans and private placements
21 Agenda I. Group overview II. Financials i & Financing i update III. Outlook TUI AG Investor Relations Page 21
22 Outlook FY 09/10 Expectations for underlying earnings (EBITA) Synergy benefits from integration and stronger FX rate of GBP vs. Positive effects from cooperation between TUIfly and Air Berlin Negative margin impact in the source markets UK and Germany Earnings on last year s level expected Decline in average rates per bednight partly offset by cost cutting measures Slight decrease in earnings expected Chance: Continued positive booking trend for the summer season Earnings expected to rise slightly Due to the continued recovery in the container shipping business, significant positive earnings are expected The Group result for FY 2009/10 is now expected to be positive TUI AG Investor Relations Page 22
23 Group strategy Maximising value of Hapag-Lloyd investment, closely monitoring options to exit the business Pursuing restrictive cash and working capital management Optimising the structure within the tourism segments Expanding the tour operator business in growth markets like Russia and the Ukraine Focusing on a high-yield, differentiated hotel portfolio in TUI Hotel & Resorts Expanding the market share in the German-speaking volume market for cruises TUI AG Investor Relations Page 23
24 IV. Appendix A. Financials Underlying and reported EBITA Profit and loss statement Balance sheet B. Financial calendar TUI AG Investor Relations Page 24
25 A. Underlying and reported EBITA Q3 & 9M 09/10 m Q3 09/10 Q3 08/09 % 9M 09/10 9M 08/09 % Tourism Underlying EBITA TUI Travel TUI Hotels & Resorts Cruises n.m. Reported EBITA n.m. TUI Travel n.m. TUI Hotels & Resorts Cruises n.m. Central operations Underlying EBITA Reported EBITA n.m. Continuing operations Underlying EBITA Reported EBITA n.m Container shipping* Underlying EBITA n.m. Reported EBITA nm n.m n.m *for information only on a 100% basis TUI AG Investor Relations Page 25
26 A. Profit and loss statement million Q3 2009/10 Q3 2008/09 Var. % 9M 2009/10 9M 2008/09 Var. % restated restated Turnover 4, , , , Cost of sales 3, , , , Gross profit Administrative expenses , Other income/other expenses n.m Impairment of goodwill - - n.m n.m. Financial result Financial income Financial expenses Share of results of joint ventures and associates n.m n.m. Earnings before income taxes , Income taxes n.m Result from continuing operations Result from discontinued operation n.m n.m. Group loss n.m. Group loss attributable to shareholders of TUI AG n.m. Group loss attributable to minority interest n.m Group loss n.m. Basic and diluted earnings per share (in ) n.m. from continuing operations (in ) from discontinued operation (in ) n.m n.m. TUI AG Investor Relations Page 26
27 A. Balance sheet 30 June Sep Oct 2008 million restated restated Assets Goodwill 3 036, , ,0 Other intangible assets 948,7 887,9 883,7 Investment property 66,3 76,7 87,1 Property, plant and equipment 2 504, , ,9 Companies measured at equity 1 805, ,0 446,3 Financial assets available for sale 606,9 103,0 117,1 Trade accounts receivables and other receivables 611, ,0 423,4 Derivative financial instruments 214,5 111,4 78,3 Deferred income tax claims 394,6 277,9 182,1 Non-current assets , , ,9 Inventories 95,0 81,5 81,1 Financial assets available for sale 0,0 2,0 11,4 Trade accounts receivables and other receivables 2 649, , ,9 Derivative financial instruments 353,0 338,1 219,3 Current income tax receivables 146,0 21,2 42,3 Cash and cash equivalents 1 680, , ,4 Assets held for sale 258,7 405, ,8 Current assets 5 182, , , , , ,1 TUI AG Investor Relations Page June Sep Oct 2008 million restated restated Equity and liabilities Subscribed capital 643,1 642,8 642,3 Capital reserves 913,5 871, ,9 Revenue reserves - 43,6 230,0-812,7 Hybrid capital 294,8 294,8 294,8 Equity before minority interests 1 807, , ,3 Minority interests 383,0 324,4 321,5 Equity 2 190, , ,8 Pension provisions and similar obligations 967,6 838,6 573,6 Current income tax provisions 182,0 169,5 157,7 Deferred income tax provisions 217,3 181,3 273,0 Other provisions 549,1 500,3 524,5 Non-current provisions 1 916, , ,8 Financial liabilities 2 854, , ,2 Derivative financial instruments 95,2 78,7 95,5 Other liabilities 95,8 92,6 95,0 Non-current liabilities 3 045, , ,7 Non-current provisions and liabilities 4 961, , ,5 Pension provisions and similar obligations 34,0 29,8 34,5 Current income tax provisions 71,0 85,9 154,1 Other provisions 368,1 415,2 384,6 Current provisions 473,1 530,9 573,2 Financial liabilities 1 725,2 539,7 810,5 Trade accounts payable 2 270, , ,9 Derivative financial instruments 317,0 363,4 284,2 Other liabilities 3 336, , ,7 Current liabilities 7 649, , ,3 Liabilities related to assets held for sale 97,4 180, ,3 Current provisions and liabilities 8 219, , , , , ,1
28 B. Financial calendar 11 August 2010 Third Quarter 09/10 14 December 2010 Financial Year 09/10 Analysts Meeting 09 February 2011 Annual General Meeting TUI Investor Relations - investor.relations@tui.com - phone: TUI AG Investor Relations Page 28
TUI Group Investor Presentation
TUI Group Investor Presentation Commerzbank Sector Conference Week 26 August 2010 TUI AG Investor Relations Seite 1 Future-related statements This presentation contains a number of statements related to
More informationTUI Group Investor Presentation
TUI Group Investor Presentation WestLB Deutschland Conference Frankfurt, 18-19 November 2009 TUI AG Investor Relations Seite 1 Agenda I. Group overview II. Financials III. Outlook 2009 IV. Financing update
More informationTUI Group Investor Presentation
TUI Group Investor Presentation Commerzbank, German Investment Seminar New York, 11 12 January 2010 TUI AG Investor Relations Seite 1 Agenda I. Group overview II. Financials & Financing update III. Outlook
More informationTUI GROUP INVESTOR PRESENTATION
TUI GROUP INVESTOR PRESENTATION German Investment Conference UniCredit / Kepler Munich, 26-27 September 2012 Future-related statements This presentation contains a number of statements related to the future
More informationTUI GROUP Investor Presentation
TUI GROUP Investor Presentation Friedrich Joussen (CEO) UniCredit / KeplerCheuvreux German Corporate Conference Frankfurt, 21-22 January 2014 Seite 1 Future-related statements This presentation contains
More informationTUI GROUP FACTBOOK. May 2015
TUI GROUP FACTBOOK May 2015 Pro Forma Turnover 2012/13 & 2013/14 m FY 12/13 Q1 13/14 Q2 13/14 Q3 13/14 Q4 13/14 FY 13/14 Northern Region 6,037.2 1,047.6 922.0 1,660.0 2,571.2 6,200.8 Central Region 5,524.8
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 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 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 informationQ3 Results 2015/ August 2016 Media Call. Tulum, Mexico
Q3 Results 2015/16 11 August 2016 Media Call Tulum, Mexico TUI Group Vertically integrated model demonstrates resilience Good performance in the quarter further demonstrating the resilience of our vertically
More informationTUI Group Factbook. December 2016
TUI Group Factbook December 2016 TUI Group at a glance A clear structure to deliver growth and value Tourism Marketing & Sales in Source Markets Tour operator Travel Agencies Internet Portals Mobile Services
More informationPreliminary Figures FY 2016
February 14, 2017 Preliminary Figures FY 2016 Capital Markets Day 2017 Tom Blades (CEO) Disclaimer This presentation has been produced for support of oral information purposes only and contains forwardlooking
More informationFY18 Q1 Results Media Call 13 FEBRUARY Cavtat, Croatia
Results Media Call 13 FEBRUARY 2018 Cavtat, Croatia Our business model Holiday experiences contribute 59% to our earnings SALES & MARKETING 41% EBITA 20m customers Northern Central Western ROIC FY17: 85%
More informationFY18 Q1 Results 13 FEBRUARY Cavtat, Croatia
FY18 Q1 Results 13 FEBRUARY 2018 Cavtat, Croatia FORWARD-LOOKING STATEMENTS This presentation contains a number of statements related to the future development of TUI. These statements are based both on
More informationAktiengesellschaft The potential of nature tourism in the Baltics view of a large European tour operator
The potential of nature tourism in the Baltics view of a large European tour operator Dieter Semmelroth, TUI AG, Germany TUI AG Group presentation January 2011 page 30 TUI Group: Key figures financial
More informationTUI AG: Annual General Meeting 2015 Friedrich Joussen CEO
TUI AG: Annual General Meeting 2015 Friedrich Joussen CEO New TUI Group launched Listing and commencement of trading of the new TUI share on the FTSE premium segment of the London Stock Exchange on 17
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 informationFY18 H1 Results 9 MAY TUI Cruises, Preikestolen plateau. Norway
FY18 H1 Results 9 MAY 2018 TUI Cruises, Preikestolen plateau. Norway FORWARD-LOOKING STATEMENTS This presentation contains a number of statements related to the future development of TUI. These statements
More informationTUI Group Factbook. December 2017
TUI Group Factbook December 07 TUI GROUP REASONS TO INVEST & BUSINESS MODEL TUI GROUP FY7 Factbook December 07 Strong TUI investment case 3 reasons to be invested / to invest STRONG STRATEGIC POSITION
More informationDELIVERING ON OUR. t constant foreign exchange rates applied in the current and prior period, based on the current Group structure
Q U A R T E R LY STAT E M E N T 2 0 1 6 / 1 7 Q3 CO N S I ST E N T LY DELIVERING ON OUR G R O W T H ST R AT E GY Strong performance in Q3 across the business Good demand for the rest of Summer 2017 Completion
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 informationTUI Group H Earnings Press Conference & Webcast
TUI Group H 208 Earnings Press Conference & Webcast Fritz Joussen CEO TUI Group 9 May 208 New Mein Schiff, Hamburg TUI Group delivers good H earnings and reiterates outlook - hotels and cruise businesses
More informationTUI Travel PLC. Investor Day 27 January Blue Village, Hurghada, Egypt. TUI Travel PLC Investor Day January 2011 Page 1
TUI Travel PLC Investor Day 27 January 2011 TUI Travel PLC Investor Day January 2011 Page 1 Blue Village, Hurghada, Egypt Agenda Journey So Far & Strategic Overview Mainstream Strategy Differentiated Product
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 informationSecond Quarter to 30th September
22 nd November 2007 FINANCIAL YEAR 2007-08 EXCELLENT SECOND QUARTER Operating income up 27.6% to 725 million euros Adjusted 1 operating margin of 12%, up 2 points Net income up 97% to 736 million euros
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 informationINTESA SANPAOLO VITA RESULTS AT 31 MARCH 2017 APPROVED:
INTESA SANPAOLO VITA RESULTS AT 31 MARCH 2017 APPROVED: Assets under management at 145,908.2 million euros (143,735.3 million euros at December 2016 +1.5%) Financial liabilities (unit and index linked)
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 informationBilfinger Berger: Entering new growth phase
Bilfinger Berger: Entering new growth phase Deutsche Bank German, Swiss & Austrian Conference, May 15 to 16, 2012 Roland Koch, CEO Andreas Müller, Head of Accounting and IR Bilfinger Berger SE Company
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 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 informationTUI Group Investor Presentation
TUI Group Investor Presentation H1 Roadshow May/June 2016 Sensimar Maafushivaru Maldives Forward-Looking Statements This presentation contains a number of statements related to the future development of
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Net Income of US$18.6 Million and EPS of US$0.42 for the Second Quarter of 2010 Excluding special items, adjusted net income came in at $26.3 million, or $0.60 per share Panama City,
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 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 informationFirst Quarter Results August 31 st, 2006
First Quarter Results 2006-07 August 31 st, 2006 Key features of the First Quarter Market context Sustained global economic growth, and a recovery in Europe Average jet fuel price of 691 $/t, up 25% year-on-year
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 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 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 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 informationCopa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006
Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Panama City, Panama --- March 7, 2007. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa
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 informationTUI GROUP. 9 month results to 30 June 2016
11 August 2016 TUI GROUP 9 month results to 30 June 2016 Good Q3 performance, further demonstrating the resilience of our vertically integrated model, coupled with the delivery of our growth plans and
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 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 informationMinor International Public Company Limited
Minor International Public Company Limited Management Discussion & Analysis MINT s financial performance as of 30th June 2008 Summary of Key Financial Performance 2Q08 Performance Minor International Public
More information2016/17 H1 Results 15 May Anaga Mountains, Tenerife, Canary Islands
2016/17 H1 Results 15 May 2017 Anaga Mountains, Tenerife, Canary Islands FORWARD-LOOKING STATEMENTS This presentation contains a number of statements related to the future development of TUI. These statements
More informationPresentation Media Call
Presentation Media Call 13 May 2015 Taking TUI to the next level: The World s Leading Tourism Business H1 results 2 TUI Group with strong H1 performance 14% improvement in underlying 1 EBITA Source markets
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 informationAIR FRANCE-KLM RESULTS PRESENTATION
AIR FRANCE-KLM RESULTS PRESENTATION Results as at 30 th of June 2018 1 st August 2018 SECOND QUARTER 2018: KEY HIGHLIGHTS Leveraging ongoing solid demand +0.8% +1.7% Stable operating result before strike
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 informationHK GAAP RESULTS RELEASE 25 February 2008 STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007
HK GAAP RESULTS RELEASE 25 February 2008 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007 Key points for the quarter in comparison with 4Q
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 informationMGM Resorts International Reports Second Quarter Financial Results
NEWS RELEASE MGM Resorts International Reports Second Quarter Financial Results 8/5/2014 Consolidated Adjusted EBITDA Increased 8%, Led By 10% Growth In Wholly Owned Domestic Resorts MGM China Declares
More informationForward-looking Statements
March 23, 2011 Forward-looking Statements This presentation contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, necessarily involve
More informationHK GAAP RESULTS RELEASE 18 November 2005
HK GAAP RESULTS RELEASE 18 November 2005 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES THIRD QUARTER AND FIRST NINE MONTHS RESULTS FOR 2005 Key points for the quarter in comparison with
More informationCopa Holdings Reports Fourth Quarter and Full Year 2007 Results
Copa Holdings Reports Fourth Quarter and Full Year 2007 Results Panama City, Panama --- February 21, 2008. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa Airlines and Aero Republica, today announced
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 informationMGM Resorts International Reports Fourth Quarter and Full Year Results
NEWS RELEASE MGM Resorts International Reports Fourth Quarter and Full Year Results 2/14/2011 LAS VEGAS, Feb. 14, 2011 /PRNewswire-FirstCall/ -- MGM Resorts International (NYSE: MGM) today announced a
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 informationRESULTS AS AT 30 th JUNE 2018 Positive unit revenue securing stable operating result excluding strikes
1 st August 2018 RESULTS AS AT 30 th JUNE 2018 Positive unit revenue securing stable operating result excluding strikes SECOND QUARTER 2018 Air France-KLM leveraged the solid ongoing demand to generate
More informationAIRBUS. H Roadshow Presentation. July 2018
AIRBUS H1 2018 Roadshow Presentation July 2018 H1 18 HIGHLIGHTS 2 Robust commercial aircraft environment Backlog of ~7,200 a/c underpins ramp-up plans H1 financials reflect mainly A350 performance and
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 informationFINANCIAL YEAR Key data
March 8 th, 2012 FINANCIAL YEAR 2011 2011: A TOUGH YEAR Economic environment and geopolitical crises weigh on activity Insufficient level of unit revenues to absorb higher fuel bill Revenues up 4.5% to
More informationEl Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017.
August 16, 2017 El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. The Company's revenues in the second quarter of 2017 amounted to approx. USD
More informationTUI AG Extraordinary General Meeting, 28 October 2014 Friedrich Joussen, CEO. Seite 1
TUI AG Extraordinary General Meeting, 28 October 2014 Friedrich Joussen, CEO Seite 1 The new TUI: The world s number one integrated leisure tourism business Customers: 5 million customers Research Customer:
More informationMIRAMAR, Fla., April 29, 2015 (GLOBE NEWSWIRE) -- Spirit Airlines, Inc. (Nasdaq:SAVE) today reported first quarter 2015 financial results.
April 29, 2015 Spirit Airlines Announces First Quarter 2015 Results; Adjusted Net Income Increases 87.1 Percent to $70.7 Million and Pre-Tax Margin Increases 900 Basis Points to 22.7 Percent MIRAMAR, Fla.,
More information2017 Amadeus IT Group and its affiliates and subsidiaries. Amadeus 2016 Results. February 24, 2017
Amadeus 2016 Results February 24, 2017 Disclaimer _ This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue
More information2017 Amadeus IT Group and its affiliates and subsidiaries. Amadeus 2016 Results. February 24, 2017
Amadeus 2016 Results February 24, 2017 Disclaimer _ This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue
More informationCONTACT: Investor Relations Corporate Communications
NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Fourth Quarter 2017
More informationRESULTS RELEASE 20 August GENTING HONG KONG GROUP ANNOUNCES FIRST HALF RESULTS FOR 2015 Highlights
RESULTS RELEASE 20 August 2015 FOR IMMEDIATE RELEASE INTERNATIONAL GENTING HONG KONG GROUP ANNOUNCES FIRST HALF RESULTS FOR 2015 Highlights The commentary below is prepared based on a comparison of the
More informationEmirates Group announces half-year performance for
Final Emirates Group announces half-year performance for 2018-19 Group: Revenue up 10% to AED 54.4 billion (US$ 14.8 billion), and profit of AED 1.1 billion (US$ 296 million), down 53%. Results impacted
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 information31 October 2018 RESULTS AS AT 30 SEPTEMBER 2018 Good resilience of operating result thanks to revenue performance and unit cost reduction
31 October 2018 RESULTS AS AT 30 SEPTEMBER 2018 Good resilience of operating result thanks to revenue performance and unit cost reduction THIRD QUARTER 2018 Air France-KLM commercial teams delivered a
More informationCopa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018
Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 November 14, 2018 PANAMA CITY, Nov. 14, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced
More informationCONTACT: Investor Relations Corporate Communications
NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces Second Quarter 2017
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 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 informationAn improvement in first-half results relative to the year-earlier period, driven by growth in tourism revenue.
Paris, 30 May 2018 An improvement in first-half results relative to the year-earlier period, driven by growth in tourism revenue. I. Main events during H1 2017/2018 Financing operations In order to refinance
More informationFIRST QUARTER 2017 RESULTS. 4 May 2017
FIRST QUARTER 2017 RESULTS 4 May 2017 A resilient start of the year, traffic up 4.2% 20.9 million passengers carried, up 5.2%, traffic (RPK) up 4.2%, capacity (ASK) up 3.3% and load factor up 0.7pts Confirmation
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 information20 February 2019 FULL YEAR 2018 RESULTS Resilient results despite the impact of strikes and fuel bill increase
20 February 2019 FULL YEAR 2018 RESULTS Resilient results despite the impact of strikes and fuel bill increase FULL YEAR 2018 More than 100 million passengers carried, the leading European group for long-haul
More informationTUI GROUP AGM 2017 Friedrich Joussen CEO
TUI GROUP AGM 2017 Friedrich Joussen CEO Earnings guidance for financial year 20 outperformed Actual FY 20 Y-o-y var. (at constant ROIC FY 20 currency) Brand turnover: 19.9bn 2.4% 22% 22% Turnover: 17.2bn
More informationTUI Group The world s number one tourism group
TUI Group The world s number one tourism group The world s number one tourism group An overview Global group headquartered in Germany Turnover 18.5bn* Underlying EBITA 1,1bn* A FTSE 100 company Market
More informationThird Quarter Results
1 Third Quarter 2010-11 Results Highlights of the Third Quarter Passenger business affected by significant disruptions Dynamic cargo activity Strong improvement in results Decline in ex-fuel unit costs
More informationVolaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin
Volaris Reports Strong First Quarter 2015: 32% Adjusted EBITDAR Margin, 9% Operating Margin Mexico City, Mexico, April 22, 2015 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving
More informationHK GAAP RESULTS RELEASE 12 August 2008 STAR CRUISES GROUP ANNOUNCES FIRST HALF RESULTS FOR 2008
HK GAAP RESULTS RELEASE 12 August 2008 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES FIRST HALF RESULTS FOR 2008 The below commentary is prepared based on the comparison of the results
More informationConsolidated Statement of Financial Position as at December 31, 2017
86 Key Figures Consolidated Statement of Financial Position as at December 31, 2017 Assets in million December 31, 2017 December 31, 2016 Non-current assets Goodwill 19.3 19.3 Investments in airport operating
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 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 informationJoachim Müller, CFO Bettina Schneider, Deputy Head IR
December 03, 2013 Successful evolution into a leading international Engineering and Services Group Credit Suisse European Business Services Conference Joachim Müller, CFO Bettina Schneider, Deputy Head
More informationQ Earnings Financial Results for the First Quarter Ended June 30, July 28, 2016 OMRON Corporation
Q1 2016 Earnings Financial Results for the First Quarter Ended June 30, 2016 July 28, 2016 OMRON Corporation Summary Q1 Results Both sales and operating income are in line with internal plan (decreased
More informationTat Hong Reports 13% Decline in FY2017 Revenue
FOR IMMEDIATE RELEASE Registration No: 199105392H Tat Hong Reports 13 Decline in FY2017 Revenue - Cash and cash equivalents of S$114.3 million - Cash flow from operations of S$85.2 million - Net gearing
More informationDriving global growth
Holiday Inn, Manhattan Financial District Driving global growth Paul Edgecliffe Johnson Group CFO IHG has a consistently executed, winning strategy for high quality growth Value creation: superior shareholder
More informationBilfinger Berger: Preliminary Report on the 2004 Financial Year
Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February
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 informationCROWN ANNOUNCES 2010 FULL YEAR RESULTS
ASX / MEDIA RELEASE FOR IMMEDIATE RELEASE 26 August 2010 CROWN ANNOUNCES 2010 FULL YEAR RESULTS MELBOURNE: Crown Limited (ASX: CWN) today announced its results for the full year ended 30 June 2010: Normalised
More informationSpirit Airlines Reports Fourth Quarter and Full Year 2016 Results
Spirit Airlines Reports Fourth Quarter and Full Year 2016 Results MIRAMAR, FL. (February 7, 2017) - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported fourth quarter and full year 2016 financial results.
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 informationSkyWest, Inc. Announces First Quarter 2018 Profit
NEWS RELEASE CONTACT: Investor Relations Corporate Communications 435.634.3200 435.634.3553 Investor.relations@skywest.com corporate.communications@skywest.com SkyWest, Inc. Announces First Quarter 2018
More information