Aegean Airlines SA · ATHEX:AEGN
Aegean Airlines SA — Investor Presentation (June 2010)
20 slides from Aegean Airlines SA's investor presentation, Jun 30, 2010
Slide 1: Company Presentation
Company Presentation 30 June 2010
Slide 2: AEGEAN at a glance
AEGEAN at a glance 4 Full service carrier focusing on quality services 4 Providing scheduled & charter, short & medium haul services since 1999 4 Growing fast over the decade to become the largest Greek airline since 2008 4 6.6 million passengers carried in 2009 4 Fleet of 28 jet A/C + 2 wet lease T
Slide 3: Shareholder structure
Shareholder structure Shareholder % Field of activity Vassilakis Group Automotive – trading, leasing – services, airline sector 36.0% Exercises management Laskaridis Group 19.0% Shipping, Hotels, Real estate, finance Constantakopoulos family 6.4% Shipping, Tourism, Real estate D. Ioannou family Cons
Slide 4: Investing in new fleet
Investing in new fleet 4 Fleet has grown from 21 in 2006 to 30 in 2010 4 Replacement of 737 Boeing fleet with brand new A320 family aircraft initiated in 2007 Fleet 2006 2010 RJ Avro 6 6 Boeing 737 15 0 Airbus A320/321 0 22 ATR 72 (wet leases) 0 2 Total 21 30 Average age 10 years 3,5 years 4
Slide 5: Network evolution
Network evolution 4 Fleet growth facilitated network expansion 4 2006: Covering 8 out of top 30 international destinations out of Athens 4 2010: Covering 19 out of top 30 international destinations out of Athens Summer Season 2006 2010 Domestic Destinations 15 17 International Destinations 8 20 Tota
Slide 6: International Network
International Network 4 28 intl routes Aegean International Code shared 4 20 intl destinations Network : destinations 1 Athens - Barcelona Bmi: 2 Athens - Belgrade Aberdeen 3 Athens - Berlin TXL Belfast 4 Athens - Brussels 5 Athens - Cairo Dublin Berlin Edinburgh 6 Athens - Dusseldorf London Düsseld
Slide 7: Domestic Network
Domestic Network Aegean Domestic 4 26 domestic routes Network : 4 17 domestic destinations 1 Athens - Alexandroupolis 2 Athens - Chania 4 100 daily flights Kavala 3 Athens - Chios Alexandroupolis 4 Athens - Heraklion Thessaloniki 5 Athens - Ioannina Ioannina 6 Athens - Kalamata 7 Athens - Kavala Cor
Slide 8: Traffic
Traffic Passengers - Domestic Network (m) 3,67 3,75 3,06 3,36 2,57 2,79 1,92 1,74 2,05 1,57 0,31 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Passengers - International Network (m) 2,82 2,31 1,87 1,22 1,39 0,80 1,01 0,59 0,67 0,00 0,00 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Slide 9: Solid financial position
Solid financial position Revenue ( m € ) 611,7 622,7 482,7 401,1 340,6 283,5 201,3 223,1 157,5 72,2 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 € (m) 2009 Revenues 622,7 EBITDAR1 95,9 EBITDA2 31,5 Pre – tax earnings 32,5 Net earnings after tax 23,0 Total borrowings 83,3 Cash & cash equivalents
Slide 10: Significant contribution to the market's growth
Significant contribution to the market’s growth Total market 1998-2009: Total market (in million pax) 9 million passengers increase 32,9 m pax 100% +37% 90% 9,7 35 +33% 32,9 80% 30 28,8 70% 26,1 3,9 24,2 24 60% 25 2,4 Passengers (m) 19,6 50% 20 40% 15 +55% 10,1 30% 10 6,8 4,6 20% 4,4 5 10% 6,8 0 0%
Slide 11: Investing in Quality
Investing in Quality Athens International Airport Lounge Self Check-in kiosks 4 New fleet improves reliability / punctuality / Product upgrade 4 Investing in quality on board and on ground 4 Business / economy class 4 Frequent Flyer Program Our in-flight Magazine 4 On time performance Aegean Cuisine
Slide 12: e services / Simplifying procedures
e services / Simplifying procedures 4 e services for individuals & Travel Agents 4 Continuous improvements on www.aegeanair.com 4 Unique visitors passed the 1m mark in February 2010 4 Auxiliary services like hotel reservation, travel insurance, car rental 12
Slide 13: Awards
Awards Best regional airline in Europe Best Cabin Crew in South Europe 16 million passengers voted for the survey European Region Airline Association awards over the years : 2000, 2004, 2005, 2006, 2007, 2008 The company contributing to the largest increase in passengers for the years 2004-2009 13
Slide 14: Initiatives
Initiatives 4 Children Villages SOS (Aegean + Passengers contribution) 4 National initiative: 2 new Airbus Α320 bearing the image of the Acropolis Museum’s Kori of Athens 4 Transfer of more than 6,000 students from the Greek islands to the new museum 14
Slide 15: Agreement to merge with Olympic
Agreement to merge with Olympic 4 February 2010: Main shareholders of AEGEAN and sole shareholder of Olympic Marfin Investment Group reached an agreement for the merger of the two entities’ operations 4 Deal structure: 4 Capital Increase of €97.5m into 3 Olympic co’s fully covered by Marfin 4 Acquis
Slide 16: Aegean becomes a member of STAR ALLIANCE
Aegean becomes a member of STAR ALLIANCE Facts & Figures Star Alliance Members: 28 Passengers per year: 628 m Airports : 1,172 in 181 countries Fleet : 4,025 Daily departures : Over 21,200 16
Slide 17: Star alliance entry process
Star alliance entry process 4 April 2009: Star alliance acceptance 4 May – July 2009: integration planning 4 September 2009 – May 2010: Implementation 4 Operational issues: 4 IT systems 4 Loyalty programs 4 Passengers & baggage processes 4 30.06.2010: AEGEAN joins Star Alliance - Short integration p
Slide 18: Star Alliance: Benefits to passengers
Star Alliance: Benefits to passengers 4 Access to a worldwide network – Global reach 4 Seamless worldwide travel services / ticketing, check-in services 4 Frequent Flyer Programs linked 4 Privileged access to facilities, lounges, priority check-in, boarding, baggage 4 Round the world fares 18
Slide 19: Star Alliance: Benefits to Aegean
Star Alliance: Benefits to Aegean 4 Worldwide recognition / status 4 Network connectivity / increased feeding => additional passengers 4 Corporate agreements => additional passengers 4 Common terminals / facilities in a large number of airports => Operational improvement 4 Synergies in IT => upgrade
Slide 20: Thank you!
Thank you! += AEGEAN