Jazeera Airways Co. (KSC) · KSE:JAZEERA
Jazeera Airways Co. (KSC) — Jazeera Airways — H1 2021 Earnings Presentation
32 slides from Jazeera Airways Co. (KSC)'s earnings presentation, Aug 16, 2021
Slide 1: 1H21 Earnings Conference Call
1H21 Earnings Conference Call August 16, 2021 Jazeera lands in Bodrum with travel returning gradually
Slide 2: Starting Shortly…
Starting Shortly… Jazeera lands first ever flight to Colombo
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda 1H21 in Review Travel Status at Kuwait Airport and in Network Financial Headlines Operational Performance Outlook for 2021 Financial Review Q&A Jazeera starts first ever service to Bishkek
Slide 5: 1H21 in Review
1H21 in Review Operating under very Grabbing opportunities Launch of new Advance made in limited capacity: presented post- destinations for return vaccination drive in - Continued suspension pandemic: of travel: Kuwait: of flights from 35 Jazeera became first low- Launched flights to never - Kuwait
Slide 6: Financial Headlines
FINANCIAL HEADLINES Jazeera celebrates return of direct flights to Beirut.
Slide 7: 2Q21 Operational Headlines
2Q21 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 2Q21: 104.1 k 2Q21: 51.3% 2Q21: 3.4 hrs 2Q21: KWD68.3 2Q20: 43.8 k 2Q20: 44.3% 2Q20: 1.9 hrs 2Q20: KWD174.8 +137.7% +7.0% +78.9% -60.9%
Slide 8: 1H21 Operational Headlines
1H21 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1H21: 208.2 k 1H21: 54.7% 1H21: 3.4 hrs 1H21: KWD71.6 1H20: 540.3 k 1H20: 68.3% 1H20: 5.7 hrs 1H20: KWD47.7 -61.5% -13.6% -40.5% +50.2%
Slide 9: 2Q21 Financial Headlines
2Q21 Financial Headlines OPERATING OPERATING NET REVENUE LOSS RESULT 2Q21: KWD7.4 mn 2Q21: -KWD6.0 mn 2Q21: -KWD6.5 mn 2Q20: KWD7.7 mn 2Q20*: -KWD3.2mn 2Q20: -KWD3.9 mn -4.1% +84.0% +65.9% * 2Q20 operating expenses regrouped to adjust for finance expenses
Slide 10: 1H21 Financial Headlines
1H21 Financial Headlines OPERATING OPERATING NET REVENUE LOSS RESULT 1H21: KWD15.6 mn 1H21: -KWD11.3 mn 1H21: -KWD11.7 mn 1H20: KWD26.7 mn 1H20*: -KWD6.3 mn 1H20: -KWD9.9 mn -41.7% +79.6% +17.6% * 2Q20 operating expenses regrouped to adjust for finance expenses
Slide 11: Terminal 5 Performance
Terminal 5 Performance Continued limited capacity operations at T5 with some leases still frozen 2Q21 KWD306.1 k -KWD103.5 k -KWD430.8 k Revenue EBITDA Net Result 2Q20: KWD77.3 k 2Q20: -KWD383.4 k 2Q20: -KWD628.6 k 1H21 KWD650.1 k -KWD172.5 k -KWD827.2 k Revenue EBITDA Net Result 1H20: KWD903.2 k 1H
Slide 12: Operational Performance
OPERATIONAL PERFORMANCE Jazeera lands in Bishkek.
Slide 13: Operational Developments
Operational Developments NEW ROUTES LAUNCHED IN 1H21 London Heathrow – June 18 Yerevan – June 3 Jazeera became the first LCC in The route to the Armenian the Middle East to operate capital caters to a large direct flights to the airport every Armenian community residing in Friday with plans to incre
Slide 14: Operational Developments
Operational Developments NEW ROUTES LAUNCHED IN 1H21 Colombo – February 20 The new route serves a resilient demand for travel by expats and tourists, especially to destinations with strong safety and health measures such as Sri Lanka. Addis Ababa – March 16 The direct route between Kuwait and Addis
Slide 15: Operational Developments
Operational Developments RESUMING QUARANTINE-FREE DESTINATIONS Beirut Three destinations in Turkey Service to Beirut resumed with Three routes were operated to scheduled flights on Turkey: Istanbul, Bodrum and Wednesdays and Saturdays for Trabzon, all very popular vaccinated travelers to enjoy an de
Slide 16: Operational Strength
Operational Strength STRONG ASSETS: FOCUS ON PERFORMING DESPITE TRAFFIC RIGHTS CONNECTING FLIGHTS RESTRICTIONS The airline’s biggest asset Jazeera has turned its focus Jazeera grabbed the largest today is its growing number on connecting flights, market share at KWI during of traffic rights. Jazeera
Slide 17: Revenue by Route: April 2021
Revenue by Route: April 2021 DAC Destination 36|34 KTM 68|34 CMB 16|0 JED 60|78 COK 28|26 MAA 33|0 LGW 4|0 DXB 52|120 DEL 24|36 HYD 27|18 RUH 50|60 LHE 10|26 AMM DMM 10|42 16|34 BOM 8|18 ADD 15|0 DOH 16|60 Net Revenue Contribution
Slide 18: Revenue by Route: May 2021
Revenue by Route: May 2021 KHI KTM LHE MAA RUH SAW Destination 12|34 42|62 8|0 4|27 19|36 4|17 JED 50|78 IST 6|36 ADD AMM BAH CMB COK DAC DEL DMM DOH DXB HYD 6|18 56|124 4|62 14|46 12|34 34|36 5|26 10|0 6|18 18|36 14|0 Net Revenue Contribution
Slide 19: Revenue by Route: June 2021
Revenue by Route: June 2021 FRU LHR TAS 3|0 Destination 4|0 6|0 SJJ 8|0 KHI KTM LHE MAA RUH SAW TBS TZX BEY BJV 6|0 3|0 8|16 14|26 18|34 42|60 27|0 10|26 4|34 18|17 JED 52|78 ADD AMM BAH BOM CMB COK DAC DEL DMM DOH DXB HYD IST 18|34 20|17 62|120 2|60 12|42 16|34 48|34 17|26 18|0 3|16 4|16 16|34 17|0
Slide 20: Travel Status at KWI and Network
Travel Status at KWI and Network KWI JAZEERA NETWORK Announcement of eased Nine destinations within travel restrictions. Majority network offer quarantine- of suspended routes to free entry and eased return, in addition to measured. Strong demand allowing non-Kuwaitis to witnessed starting end of en
Slide 21: Outlook for 2021
OUTLOOK FOR 2021 Press conference to mark new route to Tashkent and growing trade and tourism relations.
Slide 22: Slow, But Gradual, Return
Slow, But Gradual, Return Revenue and Airports’ Travel Recovery Cost Controls Limitations Restrictions Outlook • Revenue expected to • Airports within Jazeera • Restrictions have • Palpable recovery started improve with increase network have softened with the roll and is expected to have of capacity
Slide 23: Financial Review
FINANCIAL REVIEW Jazeera lands in Trabzon.
Slide 24: 2Q21 Key Parameters
2Q21 Key Parameters YIELD BY QUARTER (KWD) Operating Parameters 2Q20 2Q21 CHANGE Average Aircraft 14.0 12.9 -8.1% Destination Cities 28 29 3.6% Revenue Drivers 2Q20 2Q21 CHANGE Seats 98,844 202,721 105.1% Passengers 43,793 104,096 137.7% Load Factor 44.3% 51.3% 7.0% PASSENGERS BY QUARTER (000) Net Y
Slide 25: 2Q21 Key Parameters
2Q21 Key Parameters In KWD 2Q20 2Q21 CHANGE • Operating revenue was Operating Revenue 7,736,065 7,416,089 -4.1% lower primarily due to lower Operating Expenses* (10,980,663) (13,386,709) 21.9% yield in 2Q 2021 from mostly scheduled Operating Profit (3,244,598) (5,970,620) 84.0% operations. Jazeera f
Slide 26: 1H21 Key Parameters
1H21 Key Parameters YIELD BY QUARTER (KWD) Operating Parameters 1H20 1H21 CHANGE Average Aircraft 13.8 14 1.4% Destination Cities 59 31 -47.5% Revenue Drivers 1H20 1H21 CHANGE Seats 791,560 380,933 -51.9% Passengers 540,277 208,212 -61.5% Load Factor 68.3% 54.7% -13.6% PASSENGERS BY QUARTER (000) Ne
Slide 27: 1H21 Key Parameters
1H21 Key Parameters In KWD 1H20 1H21 CHANGE • Revenues are lower in 1H 2021 Operating Revenue 26,698,802 15,553,459 -41.7% as operations in Jan and Feb Operating Expenses* 32,981,721 26,836,813 -18.6% 2020 were at full capacity. Yield in 1H 2021 was lower Operating Profit (6,282,919) (11,283,353) 79
Slide 28: Fuel Prices
Fuel Prices 2Q20 & 3Q20 Singjet price below Brent BRENT Swap Vs. SINGJET Swap (USD/BBL) SINGJET Swap BRENT Swap Fuel as Percent of Revenue
Slide 29: Capital Increase
Capital Increase • As on June 30, 2021, the accumulated loss was KWD 18.689 mn, which was more than 75% of the issued share capital. • In April, in anticipation of further potential losses, the Board of Directors proactively recommended a 10% capital increase through a rights issue at an offer price
Slide 30: Jazeera
.ayjul Jazeera.
Slide 31: Contact
Contact For more information please contact: Krishnan Balakrishnan Chief Financial Officer [email protected] Mostafa El-Maghraby Head of Investor Relations [email protected] Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reu
Slide 32: Thank You
yjul Jazeera. |