Air Arabia Pjsc · DFM:AIRARABIA
Air Arabia Pjsc — H1 2024 Earnings Presentation
22 slides from Air Arabia Pjsc's earnings presentation, 2024
Slide 1: Results Presentation Q2 / H1 2024
RESULTS PRESENTATION Q2 / H1 2024
Slide 2: Q2/H1 2024 in Focus
Classification: Internal Q2/H1 2024 IN FOCUS
Slide 3: Strategic Summary – H1 2024
Classification: Internal STRATEGIC SUMMARY – H1 2024 ▪ The solid net profit recorded for the first half and second quarter of 2024 was driven by strong passenger demand and revenue growth. ▪ More than 8.9 million passengers were carried across all hubs in the UAE, Morocco, Egypt, and Pakistan during
Slide 4: Financial Review Q2/H1 2024
Classification: Internal FINANCIAL REVIEW Q2/H1 2024
Slide 5: Key Performance – Q2 2024
Classification: Internal KEY PERFORMANCE – Q2 2024 (AED Millions) 2024 2023 Change % Pax (m) 2.66 2.29 0.37 16% LF % 78.5% 76% 2.5% 3.3% Revenue (m) 1656.4 1395.7 260.7 19% Operating Profit / (Loss) 346.9 382.2 (35.3) -9% Operating Profit / (Loss) Margin % 21% 27% -6% -24% Net Profit / (Loss) 427.2
Slide 6: Key Performance – H1 2024
Classification: Internal KEY PERFORMANCE – H1 2024 (AED Millions) 2024 2023 Change % Pax (m) 5.4 4.8 0.6 13% LF % 81.9% 80.7% 1.2% 1.5% Revenue (m) 3197.3 2824.9 372.4 13% Operating Profit / (Loss) 568.9 683.5 (114.6) -17% Operating Profit / (Loss) Margin % 18% 24% -6% -26% Net Profit / (Loss) 693.1
Slide 7: Balance Sheet – H1 2024
Classification: Internal BALANCE SHEET – H1 2024 (AED Millions) H1 2024 YE 2023 Change % Assets Non-Current Assets 8,893 8,521 372 4% Current Assets 5,850 6,154 -304 -5% Total Assets 14,743 14,675 68 0.5% Liabilities & Equity Non-Current Liabilities 3,103 3,056 47 2% Current Liabilities 4,398 4,084
Slide 8: Cash Generation
Classification: Internal CASH GENERATION Cash & Bank Retained Earnings / (Accumulated Losses)
Slide 9: Fleet Status H1 2024
Classification: Internal FLEET STATUS H1 2024
Slide 10: Current Fleet
Classification: Internal CURRENT FLEET Airbus A320ceo Airbus A321 / neo LR 68 Aircraft in service 9 Aircraft in service Fleet Allocation / Current 47 Sharjah 10 Abu Dhabi 120 Airbus A320 family aircraft on 11 Morocco 05 Pakistan order with delivery starting in 2024. 04 Egypt
Slide 11: Outlook
Classification: Internal OUTLOOK ▪ The global aviation industry continues to face economic and geopolitical uncertainties, which are resulting in higher costs and operational challenges. ▪ Supply chain challenges, oil price volatility, and fluctuating currency rates in key markets will continue to a
Slide 12: Appendix
Classification: Internal APPENDIX
Slide 13: Route network map
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Slide 14: Fleet Size Historical Yearly
Classification: Internal FLEET SIZE HISTORICAL YEARLY 80 70 73 68 60 57 58 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 2021 2022 2023
Slide 15: Seat Load Factor Historical Yearly
Classification: Internal SEAT LOAD FACTOR HISTORICAL YEARLY 100 90 80 86 85 83 83 82 82 81 80 82 80 80 79 79 79 80 80 80 70 73 60 50 40 30 20 10 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Slide 16: Revenue Historical Yearly
Classification: Internal REVENUE HISTORICAL YEARLY IN (AED MM) 7,000 6,000 5,999 5,000 5,242 4,756 4,000 4,122 3,729 3,825 3,778 3,739 3,000 3,183 3,170 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 2021 2022 20
Slide 17: Net Profit Historical Yearly
Classification: Internal NET PROFIT HISTORICAL YEARLY IN (AED MM) 1,300 1,548 1,200 1,222 1,100 1,000 900 1,000 800 700 720 600 662 500 566 579 510 530 509 400 452 435 424 300 369 200 310 274 100 0 101 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 - 2020 2021 2022 2023 9M -19
Slide 18: Corporate Social Responsibility
Classification: Internal 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
Slide 19: ESG
Classification: Internal ESG Air Arabia PJSC’s 2023 Environmental, Social, and Governance (ESG) Report discloses how the company manages material Environmental, Social, and Governance (ESG) risks and opportunities and creates short-, medium-, and long-term value for all key stakeholders. To view ful
Slide 20: Air Arabia Group Companies
Classification: Internal AIR ARABIA GROUP COMPANIES
Slide 21: Contact Us
Classification: Internal CONTACT US investor-relations.airarabia.com +971 6 5088939 [email protected] www.airarabia.com
Slide 22: Disclaimer
Classification: Internal 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 resp