Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Berhad — Q2 2017 Earnings Presentation
12 slides from Capital A Berhad's earnings presentation, Aug 29, 2017
Slide 1: AirAsia Berhad Earnings Announcement 2Q2017
AIRASIA BERHAD EARNINGS ANNOUNCEMENT 2Q2017 29 AUGUST 2017
Slide 2: Legal Disclaimer
LEGAL 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
Slide 3: 2Q2017 Key Highlights
2Q2017 KEY HIGHLIGHTS 1. RATIONAL & WEAKENING COMPETITION DRIVING RECORD REVENUE -RASK up 11% driven by increase in average fare and ancillary - Average fare RM177 (up 10%) - Load factor 89% (up 2 ppts) - Malindo suspended 3 routes, reduced frequencies in 13 routes - Nok 2Q net loss THB749mil, Cebu
Slide 4: 2Q2017 Key Highlights
2Q2017 KEY HIGHLIGHTS 4. INDONESIA & PHILIPPINES (STRONG TURNAROUND), THAILAND (STRONG DEMAND) & INDIA (RECORD QUARTER) - Recorded operating profit: AirAsia Indonesia RM59mil; AirAsia Philippines RM29mil - AirAsia Thailand reported operating profit THB397mil - AirAsia India passenger growth up 89% 5
Slide 5: AirAsia Bhd's 2Q2017 Consolidated Financial Performance
AIRASIA BHD’S 2Q2017 CONSOLIDATED FINANCIAL PERFORMANCE INCOME STATEMENT 3
Slide 6: Profitable Quarter Indonesia & Philippines
PROFITABLE QUARTER INDONESIA & PHILIPPINES Positive Performance - Op. profit RM59 mil; contributed - Strong load and fares going into >10% of AAB’s Op. profit 3Q - Load factor up 2ppts - Focused on profitable - Ave.fare up >15% YoY international routes, increase - Ancillary per pax up >10% YoY aircr
Slide 7: Associates' Performance - Thailand
ASSOCIATES’ PERFORMANCE - THAILAND HIGHLIGHTS 310mil -749mil -534mil -5.2bil - Revenue THB8.35bil up 7.5% YoY, supported by 13% increase in passengers and load factor of 86% up 3 ppts - Was the only profitable airline in Thailand, despite op. profit dropping to THB397million - Ave. fare down 5% YoY
Slide 8: Associates' Performance - India
ASSOCIATES’ PERFORMANCE - INDIA HIGHLIGHTS - Revenue of INR3.48 bil up 84% YoY - Load factor 90% up 3 ppts India’s passenger growth - Capacity grew by 83% YoY - Average fare up 2% - RASK 4.56 US cents up 19%; CASK (incl. fuel) 4.88 US cents up 16%; CASK (ex. fuel) 2.99 US cents - New routes +2 from
Slide 9: Ancillary Target RM60 Per Passenger
ANCILLARY TARGET RM60 PER PASSENGER • Total ancillary revenue of RM471 million up 15% YoY (20% share of total revenue) • Ancillary spend per passenger up RM2 YoY to RM49 • Big Duty Free - room for growth. Effective use of data to increase uptake; delivery to the seat/ pick up at airport Dynamic pric
Slide 10: Strategy & Future Plans: The Power of One
STRATEGY & FUTURE PLANS THE POWER OF ONE 1. New Group Structure AirAsia Group Bhd to own 100% of Malaysia AirAsia Bhd & other associates Exchange of AirAsia Bhd’s shares with AirAsia Group Bhd; thereafter transfer of listing status (Subject to board approval) 100% AirAsia Malaysia 49%→100% AirAsia I
Slide 11: Thank You & See You on Global Investor Day
THANK YOU & SEE YOU ON GLOBAL INVESTOR DAY
Slide 12: Risk Management: Foreign Currency, Loans & Hedging
RISK MANAGEMENT FOREIGN CURRENCY, LOANS & HEDGING Our group’s hedging strategy is based on our forward sales booking Fuel for FY2017, 78% hedged - fuel requirements at USD60 per barrel; 15% hedged for 1H2018 at USD61. Currency hedges. USD operating expenditure 50% hedged up to Dec 2017. Able to pass