Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Berhad — Q1 2017 Earnings Presentation
16 slides from Capital A Berhad's earnings presentation, 2017
Slide 1: AirAsia Berhad 1Q17 Financial Results
Slide 2: Disclaimer
DISCLAIMER Information contained in our presentation is intended solely for your personal reference and 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. Neither we no
Slide 3: Key Highlights
KEY HIGHLIGHTS Consolidation of financial results following recognition of PT Indonesia AirAsia and AirAsia Inc. Group of Companies (Philippines) as subsidiaries of AirAsia Berhad. Thai AirAsia to be consolidated by 2Q2017 Growing market share - group passengers carried of 9.15 million (+6%) and loa
Slide 4: 1Q17 Group Performance
1Q17 GROUP PERFORMANCE INCOME STATEMENT REVENUE MYR mil +8% 2,068 1Q16 CASK 2,227 +14% OPERATING PROFIT MYR mil 465 1Q16 -16% 14.42 14.91 1Q16 1Q17 1Q16 1Q17 Revenue up 8% on increase in passengers carried (+6%) and load factor (+4 ppts) Operating profit down 16% on higher aircraft fuel expenses, st
Slide 5: Associates Highlight
ASSOCIATES HIGHLIGHT Country Thailand India Highlights - Revenue of THB9Y.16 bil up 2% YoY - Load factor 89% up 1% - Capacity up 9% - Consolidation by 2Q2017 - Fare increased by 11% from 4Q2016 (post mourning period due to the passing of His Majesty the King) - Further fare increase effective 1 June
Slide 6: Risk Management
RISK MANAGEMENT FOREIGN CURRENCY, LOANS & HEDGING Our group’s hedging strategy is based on our forward sales booking Most of fuel for 2017 is fixed. Hedged 75% of FY2017 fuel requirements at USD6O per barrel Currency hedges. USD operating expenditure 50% hedged up to May 2017. Able to pass on curren
Slide 7: Unit cost and revenue versus peer airlines
8.54 6.97 7.08 6.70 5.66 5.73 5.57 5.67 5.71 5.69 5.41 5.40 5.84 5.13 4.58 4.84 5.02 4.88 5.02 5.44 4.29 3.98 4.02 3.78 3.66 4.03 3.36 3.81 3.91 3.92 3.39 3.13 2.74 2.29 2.36 AirAsia Group SpiceJet Cebu Pacific Nok Gol Linhas Southwest Norwegian Air IndiGo Jetstar Spirit Allegiant Ryanair CASK RASK
Slide 8: One AirAsia's Group Strategy
ONE AIRASIA’S GROUP STRATEGY FURTHER COST REDUCTION - US$45mil ict NE The Power of One Country/ Initiatives Cost savings per annum Group Malaysia Tightening of operating expenses US$14 mil Thailand Revise controllable operating expenses US$6 mil Indonesia Increase aircraft utlisation & tightening of
Slide 9: Ancillary
ANCILLARY RMSO TO RM60 PER PASSENGER BIGDUTYFREE Duty Free * Total ancillary revenue of RM455 @rnsurance™ million in 1Q17 (20% share of total 3% revenue) * Ancillary spend per passenger up RM1 year-on-year to RMSO, despite Tune Insurance * Insurance contribution fell by 39% due to lower uptake from
Slide 10: Passenger Seat Sales
PASSENGER SEAT SALES * World’s lowest-cost airline (industry leading CASK) * Growing passenger base - New JVs (China/Vietnam) expanding destinations to grow the ASEAN network * High frequencies on trunk routes for market dominance * Fleet planning for 8%- 10% capacity growth annually DIGITALISATION
Slide 11: Market share
Malindo Malindo 9.8% 6.7% MAS MAS AirAsia 32.1% AirAsia 32.2% 58.0% 61.2% 1Q17 2Q17 AirAsia AirAsia Other Other 27.2% 29.0% 34.7% 33.3% Nok Air Nok Air Thai Lion 20.5% Thai Lion 19.3% 17.6% 18.4% 1Q17 2Q17 •
Slide 12: See You Real Soon
SEE YOU REAL SOON Roadshows planned for Hong Kong, Japan, Korea, Singapore, Thailand, UAE, America, Europe, Scandinavia etc. 12
Slide 13: Quarter Ended: 31 March
Quarter Ended: 31 March Quarter Ended: 31 March Jan - Mar 2016 Jan - Mar 2016 RM'000 Passengers Carried 8,615,951 Revenue 2,068,227 Capacity 10,153,968 Seat Load Factor 85% Operating expenses: RPK (million) 11,207 - Staff costs (286,663) ASK (million) 13,337 - Depreciation of property, plant and equ
Slide 14: Quarter Ended: 30 June
Quarter Ended: 30 June Quarter Ended: 30 June Apr - Jun 2016 Apr - Jun 2016 RM'000 Passengers Carried 8,731,112 Revenue 1,994,542 Capacity 10,067,783 Seat Load Factor 87% Operating expenses: RPK (million) 11,261 - Staff costs (321,597) - Depreciation of property, plant and equipment (196,844) ASK (m
Slide 15: Quarter Ended: 30 September
Quarter Ended: 30 September Jul - Sept 2016 Quarter Ended: 30 September Jul - Sept 2016 RM'000 Passengers Carried 8,829,734 Revenue 2,131,712 Capacity 9,977,370 Operating expenses: Seat Load Factor 88% - Staff costs (313,110) RPK (million) 11,586 - Depreciation of property, plant and equipment (206,
Slide 16: Quarter Ended: 31 December
Quarter Ended: 31 December Oct - Dec 2016 Quarter Ended: 31 December Oct - Dec 2016 RM'000 Passengers Carried 8,925,464 Revenue 2,406,061 Capacity 10,308,450 Operating expenses: Seat Load Factor 87% - Staff costs (408,774) RPK (million) 11,708 - Depreciation of property, plant and equipment (204,996