Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Group Berhad — Q1 2021 Earnings Presentation
14 slides from Capital A Berhad's earnings presentation, May 27, 2021
Slide 1: AirAsia Group Berhad Analyst Briefing 1Q2021 Financial Results
AirAsia Group Berhad Analyst Briefing for the 1Q2021 Financial Results 27 May 2021
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: 1Q21 Key Highlights
1Q21 Key Highlights We are seeing our hard work in 2020, of putting the right foundations as a leaner and more optimised airline operations, paying off with lower cost and cash burn QoQ. This was despite starting 2021 with international borders remaining closed and further domestic travel restrictio
Slide 4: 1H21 Digital Highlights
1H21 Digital Highlights airasia super app Feb March April Extended Unlimited free ● Launched Asean Unlimited, offering unlimited ● airasia beauty launched in Malaysia & delivery to all Unlimited domestic flights and unlimited delivery Indonesia pass holders ● Launched airasia food in Singapore ● air
Slide 5: 1Q21 Financial Performance
1Q21 Financial Performance Group Revenue Group EBITDA Adjusted PAT 1Q20 1Q21 Group Revenue declined 87% YoY, up 12% QoQ: *Adjusted 1Q20 PAT excluded forex and fair value on derivative losses of RM302mil as well as fuel swap loss of RM103mil ● Softer passenger revenue QoQ offset by Teleport revenue w
Slide 6: Fixed costs and cash burn capped by strict measures
Fixed costs and cash burn capped by strict measures Cost containment strategy 1Q21 Fixed Costs Reduced by 54% YoY, 11% QoQ resulted in fixed costs reducing since 1Q20 ● Staff costs decreased by 62% YoY & 16% QoQ due to Non-variable maintenance headcount rationalisation, voluntary salary cuts and att
Slide 7: Encouraging March; Op stats in 2Q21 expected to be similar to 1Q21
Encouraging March; Op stats in 2Q21 expected to be similar to 1Q21 In 1Q21, Group load factor was decent at 67%, as the Group actively managed Load Factor Active capacity capacity to match demand. PAA held its load factor firm at 74%, higher than management kept other entities load factor healthy Ou
Slide 8: Countries with significant progress in vaccination showing stabilisation in daily new cases
Countries with significant progress in vaccination are showing promising signs of stabilisation in daily new cases Israel United Kingdom United States ● At least 1 dose: 63% ● At least 1 dose: 56% ● At least 1 dose: 49% ● Fully vaccinated: 59% ● Fully vaccinated: 35% ● Fully vaccinated: 39% Correlat
Slide 9: Ensuring sufficient liquidity for the next 2 years
Ensuring sufficient liquidity for the next 2 years ● Private Placement - Raised RM336.5 million via two Private Placement: Expected Proposed Actual Actual tranches. Utilisation of Proceeds timeframe Utilisation Raised Utilisation (RM m) (RM m) (RM m) ● Danajamin scheme - have obtained approval lette
Slide 10: Priorities in 2021 and Beyond
Priorities in 2021 and Beyond airasia super app BigPay ● Asean expansion ○ airasia food to enter Indonesia and Thailand ● Ongoing development of lending products ○ airasia health to expand into Thailand, ● To launch insurance and wealth management products Indonesia and the Philippines ● Expansion a
Slide 11: Unqualified opinion by auditors for FY2020 report
Unqualified opinion by auditors for FY2020 report The audit report for the financial year 31 December 2020 is UNQUALIFIED with material uncertainty relating to going concern, in view of the ongoing impact of the COVID-19 pandemic on the economy, the tourism industry, the commercial aviation sector a
Slide 12: Asean airasia.com/aagbir investor relations contact
Asean ww.airasia.com/aagbir [email protected] 12
Slide 13: 1Q21 Airline Performance
1Q21 Airline Performance MAA IAA PAA Key Indicators 1Q20 1Q21 % 1Q20 1Q21 % 1Q20 1Q21 % Passengers Carried 6,337,574 497,742 ▼ -92% 1,718,192 310,699 ▼ -82% 1,791,244 168,527 ▼ -91% Capacity 8,242,796 683,886 ▼ -92% 2,336,940 552,780 ▼ -76% 2,134,440 227,160 ▼ -89% Load Factor (%) 77% 73% ▼ -4ppts 7
Slide 14: Fleet Downsize in 2021 to Match Demand and Increase Utilisation
Fleet Downsize in 2021 to Match Demand and Increase Utilisation 14 aircraft to be returned in 2021 Our network plans are continuously revised to reflect the latest recovery timeline following the ongoing pandemic impact MAA TAA IAA PAA AAI AAJ Group December 2020 96 62 28 24 33 2 245 2021 Net Fleet