Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Group Berhad — Q3 2018 Earnings Presentation
16 slides from Capital A Berhad's earnings presentation, Nov 29, 2018
Slide 1: Analyst Presentation Third Quarter 2018 Financial Results
1 >, WORLD'S BEST LOW-COST AIRLINE YEARS RUNNING ANALYST PRESENTATION THIRD QUARTER 2018 FINANCIAL RESULTS 29 November 2018
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Information contained in our presentation is intended solely for your personal reference andi is strictly confidential. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. Neithe
Slide 3: 3Q2018 Highlights: Financial Performance
3Q2018 HIGHLIGHTS Financial Performance Revenue (RM million) 2,609 2,448 +7% Net Operating Profit (RM million) 125 374 -67% Revenue up 7% YoY to RM2.61 billion, as a result of: + Passengers carried +9% YoY to 10.8mil + Passenger seat sales +11.5% YoY to RM1.9bil + Profitable despite average fuel pri
Slide 4: 3Q2018 Highlights: Operating Statistics
3Q2018 HIGHLIGHTS 2. Operating Statistics ASK Growth (million) 16,450 14,910 +10% Passengers Carried 10,795,900 9,891,881 +9% Load Factor 82% 87% -5 ppts RASK (sen) 14.70 14.76 Unchanged CASK (sen) 14.30 12.80 +12% CASK ex. fuel (sen) 8.11 8.24 -2% + Overall, it was a seasonally leaner quarter. Perf
Slide 5: 3Q2018 Highlights: Asset Monetising and Competitors
3Q2018 HIGHLIGHTS 3. Monetising of assets * AAC - BBAM transaction of USD1.185 billion announced on 1 March 2018. As at November 2018, received USD1.085 billion (79 aircraft and 14 engines transferred) 4. Competitors shrinking YoY + Malaysia: Malindo reduced 437 weekly domestic flights from 1,103 to
Slide 6: 3Q2018 Highlights: Digital Traction & Projects
3Q2018 HIGHLIGHTS 7. Digital Group Wide Traction & Projects (AAGB & AAX Group) All AOCs YTD2018 YTD2017 Change Revenue (in mil, in USD) Mobile App 514 356 44% Website 1,532 1,316 16% Revenue Generating Efforts: + Global Search Engines Optimised (Google, Bing, Yahoo) launch April 2018. Incremental: r
Slide 7: 3Q2018 Highlights: Ancillary
3Q2018 HIGHLIGHTS 8. Ancillary + AirAsia Group Berhad’s!] ancillary revenue reported RM494.2mil, grew 1.4% YoY. Ancillary income contributed 19% of total revenue. e + Dynamic pricing & ancillary personalisation resulting in better target marketing: Baggage Fees up 1% YoY to RM238.1 mil Inflight F&B
Slide 8: Associates' Performance: AirAsia Thailand
ASSOCIATES’ PERFORMANCE AIRASIA THAILAND Passengers Carried 5,117,230 4,934,324 +4% ASK (million) 6,167 5,707 +8% Load factor (%) 81 85 -4 ppts Average Fares (THB) 1,420 1,460 -3% Revenue (THB mil) 8,945 8,754 +2% Net Operating (Loss)/Profit (THB mil) (827) 391 >-100% CASK ex-fuel (THB) 0.97 1.01 -4
Slide 9: Associates' Performance: AirAsia India
ASSOCIATES’ PERFORMANCE AIRASIA INDIA Passengers Carried 1,600,684 1,174,574 +36% ASK (million) 2,252 1,402 +61% Load Factor (%) 76 85 -9 ppts Average Fares (INR) 2,574 3,024 -15% Number of Flights 11,668 7,638 +53% Revenue (INR million) 4,582 3,950 +16% Net Operating (Loss) (INR million) (2,908) (1
Slide 10: Strategy: Seizing Opportunities
STRATEGY 1. Seizing opportunities Malaysia 59% 51% MAS -4% Malindo -4% 44% 44% Thailand 32% 31% Nok Air -4% Bangkok Airways -1% 15% 14% Indonesia 2% 2% Lion -2% Garuda FLAT 22% 22% Philippines 17% 13% Cebu -2% PAL FLAT 8% 6% India 5% 4% IndiGo +4% Jet -2% 3% 3% * Airlines operating in the regions of
Slide 11: Strategy: Partnerships, Revenue and Hedging
STRATEGY 4. Partnership with Airbus (Skywise) & Palantir + Integrated Big Data platform to improve airline operations, preventive maintenance to save costs, reduce aircraft on ground (FOMAX installation started in Aug 2018) + Forecast of predictive maintenance, efficient scheduling of parts/rotable
Slide 12: Strategy: RedBeat Ventures Consolidation
STRATEGY 10. Under the umbrella of RedBeat Ventures (RBV): * The logistics arm recorded PAT of RM7.Omil, BIG Loyalty reported loss after tax (LAT) of RM1.5mil from increased spending on marketing programmes, BigPay reported LAT of RM7.3mil from higher costs incurred on user acquisition campaigns and
Slide 13: Thank You / Appendix
THANK YOU & APPENDIX = iin ’ WORLD'S BEST LOW-COST AIRLINE - ? ne
Slide 14: Malaysia 3Q18 Income Statement & Operating Statistics
MALAYSIA 3Q18 INCOME STATEMENT & OPERATING STATICTICS Quarter Ended: 30 September Jul - Sep RM’000 2018 IRevenue 1,849,033 1,631,551 13% (Operating expenses: |- Staff costs (211,332) (245,767) 4% |- Depreciation of PPE (98,893) (155,753) 7% |- Aircraft fuel expenses (699,758) (480,425) -46% |- Maint
Slide 15: Indonesia 3Q18 Income Statement & Operating Statistics
INDONESIA 3Q18 INCOME STATEMENT & OPERATING STATICTICS Quarter Ended: 30 September Jul - Sep Change IDR 2017 Yo Revenue 1,066,841,441 | 1,023,760,990 4% Quarter Ended: 30 September one one crange [Operating expenses: - Staff costs (183,681,341) | (186,576,141) 2% - Depreciation of PPE (44,322,254) (
Slide 16: Philippines 3Q18 Income Statement & Operating Statistics
PHILIPPINES 3Q18 NCOME STATEMENT & OPERATING STATICTICS Jul - Sep Ju Change YoY Revenue 4,448,686 | 3,463,283 28% [Operating expenses: |- Staff costs (583,482) (512,764) -14% |- Depreciation of PPE (107,710) (27,420) -293% |- Aircraft fuel expenses (2,611,026) | (1,289,443) -102% - Maintenance & ove