Air Arabia PJSC · DFM:AIRARABIA
Air Arabia PJSC — Air Arabia — FY2020 Earnings Presentation
22 slides from Air Arabia PJSC's earnings presentation, 2021
Slide 1: Results Presentation Q4/FY 2020
Classification: Internal RESULTS PRESENTATION Q4/FY 2020
Slide 2: FY 2020 in Focus
FY 2020 IN FOCUS
Slide 3: Strategic Summary – FY 2020
STRATEGIC SUMMARY – FY 2020 ▪ 2020 started with strong performance across board. ▪ Impact of covid-19 pandemic started to affect the global aviation industry mid-February. ▪ The covid-19 impact on aviation was and remains global, fast and material. ▪ By March airlines around the world, including MEN
Slide 4: Strategic Summary – FY 2020
STRATEGIC SUMMARY – FY 2020 ▪ Management continues to take measures to control fixed & running costs as well as enhance the cash position to support business continuity. ▪ Air Arabia was able to launch operation of Air Arabia Abu Dhabi in Q3, currently serving 09 routes from Abu Dhabi International
Slide 5: Financial Review Q4/FY 2020
FINANCIAL REVIEW Q4/FY 2020
Slide 6: Key Performance – Q4 2020
KEY PERFORMANCE – Q4 2020 (AED Millions) Q4/2020 Q4/2019 Change % Pax (m) 0.75 2.3 -1.55 -67% LF % 77% 81% -5% -6% Revenue (m) 1,851 1,147 -611 -53% Operating Profit / (Loss) 28 190 -162 -85% Operating Profit Margin % 5.2% 16.6% -11.3% Net Profit / (Loss) 20 199 -179 -90% * Pax (all hubs) 1.2 m 2.9
Slide 7: Key Performance – FY 2020
KEY PERFORMANCE – FY 2020 (AED Millions) FY/2020 FY/2019 Change % Pax (m) 2.91 9.43 -6.52 -96% LF % 79% 83% -4% -4% Revenue (m) 1,851 4,758 -2,2907 -61% Operating Profit / (Loss) (180) 932 -1,112 -119% Operating Profit Margin % -9.7% 19.6% -29.3% Net Profit / (Loss) (192) 1,008 -1,200 -119% * Pax al
Slide 8: Liquidity YTD
Liquidity YTD Cash & Bank 4,000,000 Cash & Bank 3,200,000 Amount in AED'000 2,400,000 1,600,000 800,000 '- 2016 2017 2018 2019 Q1-20 Q2-20 Q3-20 Q4-20 Retained Earnings 800,000 600,000 Retained Earnings 400,000 Amount in AED'000 200,000 - (200,000) (400,000) (600,000) (800,000) 2016 2017 2018 2019 Q
Slide 9: Fleet Status Q4 2020
FLEET STATUS Q4 2020
Slide 10: Current Fleet
CURRENT FLEET Airbus A320 ceo Airbus A321 neo LR 52 Aircraft in service 5 Aircraft in service 39 Sharjah Hub 1 more expected in 2021 09 Morocco Hub 04 Egypt Hub
Slide 11: Fuel Hedge Strategy
FUEL HEDGE STRATEGY ▪ Air Arabia fuel hedge strategy remain on short to medium term, with the sole objective of providing stability to operational cost. ▪ A fuel hedge committee meets regularly to determine the company’s hedging position. ▪ Current fuel hedging status spreads from 2021 to 2024, at a
Slide 12: Outlook
OUTLOOK ▪ Continued covid-19 pandemic will have substantial impact on airlines 2021 performance. ▪ Covid-19 severe economic impact remains of global nature. Aviation recovery is of gradual nature. ▪ With vaccine roll out, we remain hopeful that gradual resumption of operation continues. ▪ Long term
Slide 13: Appendix
APPENDIX
Slide 14: Route network map
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Slide 15: Fleet Size Historical Yearly
FLEET SIZE HISTORICAL YEARLY 60 57 55 50 53 50 46 40 41 39 33 34 30 29 25 20 21 16 10 11 8 5 0 2 3 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 16: Seat Load Factor Historical Yearly
SEAT LOAD FACTOR HISTORICAL YEARLY 100 80 86 85 83 82 82 82 81 83 80 80 80 80 79 79 79 60 40 20 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 17: Revenue Historical Yearly
REVENUE HISTORICAL YEARLY IN (AED MM) 5,000 4,756 4,000 4,122 3,729 3,825 3,778 3,739 3,000 3,183 2,832 2,434 2,000 2,066 1,972 2,080 1,851 1,000 1,283 749 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 18: Net Profit Historical Yearly
NET PROFIT HISTORICAL YEARLY IN (AED MM) 1,250 1,000 1,000 750 662 500 566 579 510 530 509 452 424 435 369 250 310 274 0 101 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1 2018 2019 - 9M 2020 -192 *307 *2018 reported net profit absorbed AED307 million accumulated loss following the im
Slide 19: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Air Arabia’s award winning corporate social responsibility program “Charity Cloud’ provides sustainable education and healthcare initiatives in underprivileged communities across the world. Charity Cloud built and operates over 15 schools and clinics in 12 countries a
Slide 20: Air Arabia Group Companies
AIR ARABIA GROUP COMPANIES AirArabia Engineering AirArabia Simulator <6 eai—> Y Alpha Aviation Sharjah Aviation Ser Academy disson Ee eR > cozmo travel Clyautl) allot yao Accelerate Your Growth. ay iA cic
Slide 21: Contact Us
CONTACT US investor-relations.airarabia.com +971 6 5088791 [email protected] www.airarabia.com
Slide 22: Disclaimer
DISCLAIMER Information contained in this presentation 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 advisors make any representation regarding, and assume no responsibility or liability f