Spicejet Limited · BSE:SPICEJET
Spicejet — Q3 FY25 Earnings Presentation
30 slides from Spicejet's earnings presentation, Feb 28, 2025
Slide 1: Cover letter to BSE: Investor Presentation
SpiceJet Limited 319 Udyog Vihar, Phase-IV, Gurugram 122016, Haryana, India. Tel: + 91 124 3913939 Fax: + 91 124 3913844 February 28, 2025 Department of Corporate Services, BSE Limited, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Reference: Scrip Code: 500285 and Scrip ID: SPICEJET Subje
Slide 2: Investor Presentation Q3 & Q2 FY25
Investor Presentation Q3 & Q2 FY25 1
Slide 3: Disclaimer
Disclaimer Information contained in our presentation is intended solely for your personal reference. Such information is subject to change without prior notice, and it may not contain all material information concerning the Company. We assume no responsibility or liability for, the accuracy or compl
Slide 4: Fleet Breakup
Fleet Breakup 3
Slide 5: Total Fleet Breakup
Total Fleet Breakup 31st Dec 2024 30th Sep 2024 31st Dec 2023 63 56 68 • 22 Owned • 22 Owned • 8 Owned • 37 Dry Lease • 32 Dry Lease • 32 Dry Lease • 10 Wet Lease • 09 Wet Lease • 02 Wet Lease • 13 Finance Lease As on 31st Dec’24 Aircrafts Model Owned Dry Lease Wet Lease Boeing NGs 3 17 0 Freighter
Slide 6: Total Fleet Breakup
Total Fleet Breakup No. of Aircraft Aircraft Fleet Type Ungrounded/Added Sep 24 Dec 24 Total Operational Total Operational Boeing 737-700 5 2 5 3 1 Boeing 737-700F 3 0 3 0 0 Boeing 737-800 12 8 12 8 0 Boeing 737-900 3 1 3 1 0 Boeing 737-Max 7 0 7 0 0 Q400 24 5 24 7 2 Wet Lease 2 2 9 9 7 Total 56 18
Slide 7: Net Worth Positive
Net Worth Positive • As of December 2024, the net worth stood at ₹70 crore. 6
Slide 8: Quarterly Highlights Q3FY25 vs Q2FY25
Quarterly Highlights Q3FY25 vs Q2FY25 7
Slide 9: Executive Summary (Q3FY25 vs Q2FY25)
Executive Summary (Q3FY25 vs Q2FY25) Quarter Ended Particulars Change (%) Dec 24 Sep 24 ASKM (million) 2,497 2,117 18% Total income 16,507 10,767 53% RASK (INR) 6.61 5.09 30% Total Expenses 16,244 15,242 6.57% Operational CASK (INR) 5.48 6.41 -14.5% Forex CASK 0.42 0.11 285% Grounded Aircraft CASK 0
Slide 10: Revenue Breakup (Q3FY25 vs Q2FY25)
Revenue Breakup (Q3FY25 vs Q2FY25) Quarter Ended Particulars Change (%) Dec 24 Sep 24 ASKM (million) 2,497 2,117 18% Revenue Details Revenue from operations 12,311 9,110 35% Other income 4,196 1,656 153% Total 16,507 10,767 53% Key Performance Indices Load factor (RPKM/ASKM) 87% 83% 4.50% Pax Yield
Slide 11: Expense Breakup (Q3FY25 vs Q2FY25)
Expense Breakup (Q3FY25 vs Q2FY25) Quarter Ended Particulars Change (%) Dec 24 Sep 24 ASKM (million) 2,497 2,117 18% Aviation turbine fuel 4,700 4,329 9% Aircraft lease rentals 1,678 1,321 27% Airport charges 1,346 1,226 10% Aircraft maintenance costs 1,714 1,418 21% Other operating costs 211 559 -6
Slide 12: Quarterly Highlights Q3FY25 vs Q3FY24
Quarterly Highlights Q3FY25 vs Q3FY24 11
Slide 13: Executive Summary (Q3FY25 vs Q3FY24)
Executive Summary (Q3FY25 vs Q3FY24) Quarter Ended Particulars Change (%) Dec 24 Dec 23 ASKM (million) 2,497 3,838 -35% Total income 16,507 21,487 -23% RASK (INR) 6.61 5.6 18% Total Expenses 16,244 24,486 -33.7% Operational CASK (INR) 5.48 6.10 -10% Forex CASK 0.42 0.07 505% Grounded Aircraft CASK 0
Slide 14: Revenue Breakup (Q3FY25 vs Q3FY24)
Revenue Breakup (Q3FY25 vs Q3FY24) Quarter Ended Particulars Change (%) Dec 24 Dec 23 ASKM (million) 2,497 3,838 -35% Revenue Details Revenue from operations 12,311 19,036 -35% Other income 4,196 2,451 71% Total 16,507 21,487 -23% Key Performance Indices Load factor (RPKM/ASKM) 87% 88% -0.1% Pax Yie
Slide 15: Expense Breakup (Q3FY25 vs Q3FY24)
Expense Breakup (Q3FY25 vs Q3FY24) Quarter Ended Particulars Change (%) Dec 24 Dec 23 ASKM (million) 2,497 3,838 -35% Aviation turbine fuel 4,700 8,852 -47% Aircraft lease rentals 1,678 2,245 -25% Airport charges 1,346 1,779 -24% Aircraft maintenance costs 1,714 2,393 -28% Other operating costs 211
Slide 16: Yearly Highlights: Nine Months Dec-24 vs Dec-23
Yearly Highlights Nine Months Period Ended – Dec-24 vs Dec-23 15
Slide 17: Executive Summary (Nine Months Dec-24 vs Dec-23)
Executive Summary (Nine Months Period Ended – Dec-24 vs Dec-23) Nine months period ended Particulars Change (%) Dec 24 Dec 23 ASKM (million) 7,653 10,451 -27% Total income 47,945 61,426 -22% RASK (INR) 6.26 5.88 7% Total Expenses 50,654 66,664 -24% Operational CASK (INR) 5.95 6.02 -1% Forex CASK 0.1
Slide 18: Revenue Breakup (Nine Months Dec-24 vs Dec-23)
Revenue Breakup (Nine Months Period Ended – Dec-24 vs Dec-23) Nine months period ended Particulars Change (%) Dec 24 Dec 23 ASKM (million) 7,653 10,451 -27% Revenue Details Revenue from operations 38,376 53,306 -28% Other income 9,569 8,120 18% Total 47,945 61,426 -22% Key Performance Indices Load f
Slide 19: Expense Breakup (Nine Months Dec-24 vs Dec-23)
Expense Breakup (Nine Months Period Ended – Dec-24 vs Dec-23) Nine months period ended Particulars Change (%) Dec 24 Dec 23 ASKM (million) 7,653 10,451 -27% Aviation turbine fuel 15,569 22,366 -30% Aircraft lease rentals 5,483 4,079 34% Airport charges 4,094 5,075 -19% Aircraft maintenance costs 5,0
Slide 20: New Talent
New Talent 19
Slide 21: New Talent
New Talent Dr. Surinder Kumar Joyakesh Podder Sunil Bansal Rajesh Shekhar Himanshu Chattwal Bansal Head-Operations - Head-Engineering Vice President - Sales Deputy CFO Engineering (MRO) Head-FPNA & FR (SpiceJet Technic) (SpiceJet Technic) & Distribution B.Tech (Aero), M.Tech, and Ph.D. Chartered Acc
Slide 22: New Talent
New Talent Manisha Jha Manoj Kumar Goel Sanjeev Bhardwaj Jaspreet Singh Karan Sharda Assistant Vice Head-Accounts General Manager - Head-Taxation General Manager - President - Payables Legal & Company Investor Relations Airworthiness & Quality Secretarial An aviation engineering expert Chartered Acc
Slide 23: Key Metrics
Key Metrics 22
Slide 24: Key DGCA Metrics
Key DGCA Metrics Passenger Load Factor (PLF %) Cancellations (%) 92 90.3 5 90 87.9 4.12 88 87.4 4 86 3.11 3 2.57 84 81 81 1.91 82 80.4 1.81 2 80 1.32 78 1 76 74 0 JUL AUG SEP OCT NOV DEC JUL AUG SEP OCT NOV DEC Passenger Market Share % (Pax Carried) On Time Performance (OTP %), at Four Metro Airport
Slide 25: Usage of Funds
Usage of Funds Amount as Proposed Total Unutilized Particulars Amount Utilized in the Offer Document Amount Payment of Statutory Dues 6020 6020 0 Settlement of Creditor Liabilities 7500 6981 518 Ungrounding Cost 4100 2276 1823 New Fleet Induction 3700 350 3349 Payment of Employees Dues 1190 1203 -14
Slide 26: Cash Balance
Cash Balance Quarter Ended Particulars Dec 24 Sep 24 Dec 23 Bank Balance 390 5840 1720 Mutual Funds 1010 10 5 Fixed Deposit 5980 18800 985 Total Cash Balance 7,380 24,650 2710 Quarter Ended Particulars Dec 24 Sep 24 Dec 23 Total Free Cash Balance 6,560 22,940 90 Amt. in INR million 25
Slide 27: Inflow of Funds – On Conversion to Equity
Inflow of Funds – On Conversion to Equity Name No of Warrants Amount Promoter Entity 13,14,08,514 2940 Other Warrant Subscribers 10,18,18,334 3820 Total 23,32,26,848 6760 Amt. in INR million 26
Slide 28: Credit Rating Upgrade
Credit Rating Upgrade • Acuité Ratings & Research upgraded SpiceJet’s long-term rating by 4 notches to B+ from D and short-term rating to A4, while assigning a Stable Outlook • CareEdge Ratings gave SpiceJet a BB- credit rating with a Stable Outlook 27
Slide 29: Operational & Strategic Milestones
Operational & Strategic Milestones • Successfully raised INR 3,000 Crore via QIP, attracting marquee investors • Cleared all GST, TDS, and EPF statutory dues amounting to INR 601 Crore • Secured rights to operate Haj flights in Q1 FY26 from four key cities • Fleet Expansion: Inducted 10 aircraft, in
Slide 30: Thank You!
Thank You! 29