Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Group Berhad — Q2 2019 Earnings Presentation
18 slides from Capital A Berhad's earnings presentation, Aug 28, 2019
Slide 1: AirAsia Group Berhad Analyst Presentation Second Quarter FY2019
AirAsia Group Berhad Analyst Presentation Second Quarter Financial Year 2019 28 August 2019
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: Key Highlights
Key Highlights Improved performance of AirAsia Philippines Turnaround of AirAsia Indonesia ● Profit grew 777% ● Profit of IDR11bn ● RASK up 5% with 91% load factor ● RASK up 6% ● CASK flat ● CASK down 16% Good performance by AirAsia Malaysia despite AirAsia India reduced losses by 74%. irrational prici
Slide 4: Financial Highlights
Financial Highlights Airline Revenue EBITDA Profit after Tax Airline ▲17% 🔻14% RM million 🔻9% Non-Airline 🔻85% ▲147% Group ● Airline revenue grew 17% YoY on: ○ ASK growth of 17% and load factor strong at 85% ○ RASK increase of 4% YoY ● Group EBITDA down 9% and PAT down 85% due to: ○ Share of…
Slide 5: Improved performance by PAA & IAA
Improved performance by PAA & IAA AirAsia Philippines AirAsia Indonesia 2Q18 2Q19 ▲ % 2Q18 2Q19 ▲% Revenue (Php mil) 5,461 7,513 ▲38% Revenue (IDR mil) 982,475 1,660,768 ▲69% EBITDA (Php mil) 274 1,575 ▲474% EBITDA (IDR mil) -90,874 351,075 ▲486% PAT (Php mil) 68 593 ▲777% PAT (IDR mil) -203,306 10,
Slide 6: Ancillary revenue grew 39% in 2Q19
Ancillary revenue grew 39% in 2Q19 With non-airline ancillary up 243% YoY RM687mil 39% YoY* Non-Airline (23% of total revenue) 243% Non-airline: RM164mil 17% Airline Airline: RM523mil 2% Highlights: ● Continuous effort to drive ancillary for PAA and IAA bearing fruit - reported growth of 45% and 42%
Slide 7: RedBeat Ventures: Teleport
RedBeat Ventures: Teleport 68* RM million ● Revenue RM112mil in 2Q19, up 22%* YoY, on track for FY19 RM400mil target ● 2Q19 tonnage up ~17%* YoY bucking the trend; global industry contracted 7% ● Now the 2nd largest cargo airline group in ASEAN ● In July 2019, co-led US$10.6 mil Series B Round in Ea
Slide 8: RedBeat Ventures: BigPay
RedBeat Ventures: BigPay RM million ● User base of 700k, grew 38% QoQ ● GTV grew 49% QoQ ● Revenue grew 54% QoQ ● Rolling out remittance and lending businesses by stages in 2H19 ● Target to launch e-wallet in Singapore in 2019 8
Slide 9: AirAsia.com
AirAsia.com RM million RM billion ● Gross Transaction Value (GTV) of RM5.4bil in 2Q19. ● AirAsia.com generated EBITDA of RM1.85mil in 2Q19, growing 232% QoQ. ● Included Hotels widget and Product badges on website homepage. Introduced flight & public chatroom on-app to create stickiness and better ser
Slide 10: Corporate structure reorganisation
Corporate structure reorganisation Setting the right pillars towards becoming a travel and financial platform company AirAsia Group Airlines AirAsia.com RedBeat Ventures Teleport BigPay Country AOCs Santan/T&Co AirAsia BIG Loyalty Other ventures 10
Slide 11: Strategy & priorities for 2019
Strategy & priorities for 2019 Completed Priorities Corporate structure reorganised as we set the right pillars All ASEAN AOCs be profitable for 2019. towards becoming a travel and financial platform company and to build airasia.com into a lifestyle brand Increase ancillary sales through personalisati
Slide 12: Thank You!
THANK YOU! <E>, WORLD'S " @ BEST 1
Slide 13: AAGB: RASK & CASK
AAGB: RASK & CASK ▲15% ▲4% 15.77 13.77 ▲24% CASK (sen) RASK (sen) ex-fuel ➔ RASK reported 15.40sen, 4% higher YoY, increasing proportionally to the ↑3% of average fare ➔ CASK and CASK ex. fuel increased by 15% and 24% YoY respectively from: ◆ Maintenance and overhaul ↑105% from maintenance provision
Slide 14: Financial & Operational Performance
Financial & Operational Performance MAA IAA PAA Key Indicators 2Q18 2Q19 % 2Q18 2Q19 % 2Q18 2Q19 % ASK (millions) 11,816 12,695 ▲ 7% 1,948 3,071 ▲ 58% 2,198 2,879 ▲ 31% OPERATIONAL Fuel consumed (Barrels) 1,870,735 1,980,974 ▲ 6% 311,786 491,808 ▲ 58% 404,818 519,201 ▲ 28% Average Fuel Price (USD/ B
Slide 15: Indonesia 2Q19 Income Statement & Operating Statistics
Indonesia 2Q19 Income Statement & Operating Statistics Note: PAT ex MFRS 16: IDR 31,541mil. 15
Slide 16: Philippines 2Q19 Income Statement & Operating Statistics
Philippines 2Q19 Income Statement & Operating Statistics Note: PAT ex MFRS 16: PHP569mil. 16
Slide 17: Fuel & Currency Hedging
Fuel & Currency Hedging • Our Group’s fuel hedging strategy is based on our forward sales booking • Brent – 65% hedged for FY19 at USD63.31 per barrel; 73% hedged for FY20 at USD60.22 per barrel; FY21 19% at USD59.45 bbl • Interest rates – All USD loans (for aircraft) are either fixed rate loans or h
Slide 18: Fleet Plan
Fleet Plan Fleet Expansion Across AOCs in 2019 MAA TAA IAA PAA AAI AAJ Total December 2018* 95 62 24 22 19 2 224 2019 Net Addition 2 1 4 3 9 1 20 New A321neo aircraft are * December 2018 fleet excludes 2 third party leases more fuel efficient & have Target aircraft financing for 2019: All on sale and l