VietJet Aviation Joint Stock Company Key Highlights Q1/2017 Business result Apr 2017
Disclaimer INFORMATION CONTAINED IN OUR PRESENTATION IS INTENDED SOLELY FOR YOUR REFERENCE. SUCH INFORMATION IS SUBJECT TO CHANGE WITHOUT NOTICE, ITS ACCURACY IS NOT GUARANTEED AND IT MAY NOT CONTAIN ALL MATERIAL INFORMATION CONCERNING THE COMPANY. NEITHER WE NOR OUR ADVISOR MAKES ANY REPRESENTATION REGARDING, AND ASSUMES NO RESPONSIBILITY OR LIABILITY FOR, THE ABILITY, THE ACCURACY OR COMPLETENESS OF, ANY ERRORS OR OMISSION IN, ANY INFORMATION CONTAINED HEREIN. IN ADDITION, THE INFORMATION MAY CONTAIN PROJECTIONS AND FORWARD-LOOKING STATEMENT THAT REFLECTS THE COMPANY'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE. THESE VIEW ARE BASED ON CURRENT ASSUMPTIONS WHICH ARE SUBJECT TO VARIOUS RISK FACTORS AND WHICH MAY CHANGE OVER TIME. NO ASSURANCE CAN BE GIVEN THAT FUTURE EVENTS WILL OCCURS, THAT PROJECTIONS WILL BE ACHIEVED, OR THAT COMPANY ASSUMPTIONS ARE CORRECT. ACTUAL RESULT MAY DIFFER MATERIALLY FROM THOSE PROJECTED. THIS PRESENTATION IS STRICTLY NOT TO BE DISTRIBUTED WITHOUT THE EXPLICIT CONSENT OF THE COMPANY'S MANAGEMENT UNDER ANY CIRCUMSTANCES. 1
KEY HIGHLIGHTS Vietnam's leading LCC achieved within just 5 years Vietjet has successfully proven its leading position in the domestic market since 2011. Carried 3.7 mm passengers in Q1/2017, an increase of 29.4% vs Q1/2016. Maintained the high Load Factor of 88%. Achieved the highest technical reliability of 99.59% up 0.02% vs 2016among highest Airlines in Asia Pacific region. The Revenue increased 43.2% vs Q12016 to VND 5,095Bil (1) in Q1/2017. Became Full IATA Membership on 18 Feb 2017 after having granted the IOSA certificate in 2015. Received investment license for Vietjet Academy, which is located in HCMC High Technology Zone on 18 February 2017 by HCMC People committee. Construction will be started in Q2/2017. The Academy is expected to be in operation by Q1/2018, will full flight simulators, supported by Airbus. On 28 February 2017, Vietjet was listed on Ho Chi Minh Stock Exchange. At present, Vietjet is among top 12 market cap companies in the stock exchange market with high liquidity. (1) Total Revenue based on the Financial Statement Separated for Q12017.. 2
OPERATING STATISTICS Modern and young fleet with average age of 3.28 years comprising 28 Airbus A320s and 11 A321s as of 31 March 2017. TOTAL ROUTES OPERATED Operated an extensive network of 37 domestic routes and 26 international routes, excluding charter services as of March 31, 2017 with additional 3 newly opened international routes. 38 63 Vietjet operated a total of 22,352 flights in Q1/2017, with total Block hours of 46,961 hours. Total head counts of 2,469 coming from more than 30 countries On-time performance ratio of 87.7% in Q1/2017 Passengers & Aircraft growth Passengers (m) Total aircraft 39 32 Technical reliability of 99.59%, highest in the region Safety indicators of ground operations and Flight operations are also highest in the region. 2,9 3,7 3
FINANCIAL HIGHLIGHTS SEPERATED (1) TOTAL ASSETS (VND Bil) TOTAL EQUITY (VND bil) 18.512 21.728 3.072 5.213 Q4-16 Q1-17 TOTAL REVENUE (VND bil) Q4-16 Q1-17 OPERATING PROFIT (VND bil) 3.558 5.095 423 397 NET INCOME (VND bil) CASH BALANCE (VND bil) 357 382 944 2.777 (1) Financial Highlight based on the Separated Financial Statement for Q12017. 4
FINANCIAL HIGHLIGHTS - SEPERATED (1) CASK EX-FUEL (US Cents) RASK (US Cents) 2,44 2,34 4,50 4,36 RASK - CASK (US Cents) EBITDAR MARGIN ( VND bil/%) 3.000 38,4% 36,4% 30,0% 0,58 0,51 2.000 1.000 1.368 1.854 0,0% -30,0% - EBITDAR EBITDAR Margin -60,0% (1) Financial Highlight based on the Separated Financial Statement for Q12017. 5
FINANCIAL HIGHLIGHTS - CONSOLIDATED (1) TOTAL REVENUE (VND Bil) (1) REVENUE FROM SLB (VND Bil) (2) 6.590 5.107 3.033 OPERATING REVENUE (VND Bil) - TOTAL EQUITY (VND bil) (1) 3.557 5.107 4.734 6.875 Q4-16 Q1-17 In Q1/ 2017 as Vietjet had no plan to receive any new aircraft, no SLB revenue and profit were booked as compared with 3 SLB transactions booked in Q1/2016. Domestic fuel cost in Q1/2017 was increased 46% vs Q1/2016, but CASK and RASK are better. From Q2/2017, Vietjet will receive new aircraft and revenue of SLB transactions in Q2/2017 is estimated around VND5,000 bil. (1) Financial Highlight based on the Consolidated Financial Statement for Q12017. (2) In Q1/2017 the Company had no SLB transaction, meanwhile 3 SLB transactions were booked in Q1/2016. 6
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