Capital A Berhad · MYX:CAPITALA
Capital A Berhad — Q2 2024 Earnings Presentation
22 slides from Capital A Berhad's earnings presentation, August 2024
Slide 1: 2Q 2024 Financial Results
2Q 2024 Financial Results
Slide 2: Forward-Looking Statements and Non-MFRS Financial Information
FORWARD-LOOKING STATEMENTS AND NON-MFRS FINANCIAL INFORMATION This presentation includes forward-looking statements regarding future performance and events. These statements are based on various assumptions and expectations and may include projections of our future financial performance and anticipa
Slide 3: Executive Summary
Executive Summary ● Second consecutive quarter of Net Operating Profit of RM52 million - RM735 million EBITDA despite over 10% of fleet yet to be reactivated ● Aviation Group achieves a solid 15% EBITDA margin despite adverse fuel and foreign exchange environment - Robust travel demand evident with
Slide 4: Capital A Group Financial Highlights
Capital A Group Financial Highlights Off-season success, 2Q2024 results surpass previous year’s quarterly peak ● The Group’s revenue stood at RM4.9 billion with Revenue & EBITDA RM million EBITDA of RM735 million (15% margin), representing YoY increase of 54% and 59%. ● Achieved second consecutive q
Slide 5: Corporate Exercises
Corporate Exercises ● Jan 2024: Signed a non-binding offer letter with AAX for the proposed aviation disposal of AAB and AAGL Disposal of ● Apr 2024: Signed Sale and Purchase Agreement (“SPA”) with AAX aviation business ● Jul 2024: Submitted draft circular and notice of EGM to Bursa for the proposed
Slide 6: Segmental Report: Aviation Group
SEGMENTAL REPORT: AVIATION GROUP
Slide 7: 2Q2024 Aviation Highlights
2Q2024 Aviation Highlights ● Segmental revenue reached RM4.6 billion, represents 60% YoY increase Segmental Revenue & EBITDA RM million ● EBITDA of RM707 million, up by 75% YoY, representing a healthy 15% EBITDA margin (EBITDA would reach RM990 million if non operating aircraft were included) - Reco
Slide 8: Ancillary Highlights
Ancillary Highlights Quarterly ancillary per pax ● Posted ancillary revenue of RM820.5 mil RM ○ Equivalent to 18% of total airline 2Q24 revenue ○ YoY increase in take up rate for baggage and duty free segment ● Ancillary per pax remained above target of RM50 at RM52, up 6% YoY ○ Driven by baggage at
Slide 9: Business Outlook: Aviation
Business Outlook: Aviation ● 3Q2024 Passenger traffic is expected to recover to 89% of pre-pandemic levels, supported by an 82% capacity recovery compared to 2019 ○ Expecting the arrival of 5 A321 NEOs which will provide greater fuel efficiency capability, 4 have been delivered ○ The extension of vi
Slide 10: Business Outlook: Total Active Fleet
Business Outlook: Total Active Fleet 187 196 201 211 1 3 2 New 3rd party lease 1 3 New deliveries ● By end 2024, expect to have 195 aircraft in operation Total active fleet ○ 15 aircraft will be reactivated in 2H24 ○ Expect to receive additional 8 deliveries Operational spare in 2H24 In Maintenance
Slide 11: Segmental Report: Capital A After Disposal of Aviation
SEGMENTAL REPORT: CAPITAL A AFTER DISPOSAL OF AVIATION
Slide 12: 2Q2024 Capital A Aviation Services (CAPAS) Highlights
2Q2024 Capital A Aviation Services (“CAPAS”) Highlights ● CAPAS posted quarterly revenue of RM255 million, a 12% YoY increase, leading to over half a billion of YTD revenue Segmental Revenue & EBITDA ● Quarterly and YTD EBITDA stood at RM38.5 million and RM84.6 RM million million. ADE ● Segmental re
Slide 13: 2Q2024 Business Outlook: Capital A Aviation Services
2Q2024 Business Outlook: Capital A Aviation Services ADE Santan ● Previously in Malaysia and Cambodia, ADE continued ● Increase take up rate and revenue per pax by: to expand its line maintenance services to the Philippines and Indonesia, which is expected to fuel ○ Focus on refining menu offerings
Slide 14: 2Q2024 Teleport Highlights
2Q2024 Teleport Highlights ● Segmental revenue of RM225 million up 35% YoY, with EBITDA of RM2.5 million; 3 quarters in a row of profitability ○ Weakening industry yields (-30% YoY(2)) have been offset Segmental Revenue & EBITDA RM million by volume growth in both Cargo and E-commerce ○ Freighter ma
Slide 15: 2Q2024 Business Outlook: Teleport
2Q2024 Business Outlook: Teleport Teleport ● 2H2024 growth expectations are ~30% YoY, whilst delivering increasing returns to scale. ● We expect to deliver this performance by: ○ Growing our air network and capacity through partnerships with over 40 airlines: ■ Increase capacity on key routes by sec
Slide 16: 2Q2024 MOVE Digital Highlights
2Q2024 MOVE Digital Highlights AirAsia MOVE ● AirAsia MOVE generated revenue of RM128 million and EBITDA of RM19 million, up 83% QoQ mainly due to reduction in operational cost. Segmental Revenue & EBITDA ● AirAsia MOVE is undergoing technology updates, which necessitated RM million the Group to tem
Slide 17: 2Q2024 Business Outlook: MOVE Digital
2Q2024 Business Outlook: MOVE Digital AirAsia MOVE BigPay ● Priority is to grow app users which have grown by ● Further cost optimisation through including and not 10% YoY and more likely to be cross-sell into limited to ecosystem synergies and vendor buying other travel-related products negotiation
Slide 18: Capital A International 2Q2024 Highlights and Outlook
Capital A International (“CAPI”) 2Q2024 Highlights and 2Q2024 Outlook ● Revenue stood at RM54 million, declined slightly by 8% QoQ in line with the Aviation Group’s revenue trend. However, grew by more than 10x YoY. Segmental Revenue & EBITDA ● Posted EBITDA of RM24 million, a turnaround from RM mil
Slide 19: Appendix
APPENDIX
Slide 20: 2Q24 Aviation Performance
2Q24 Aviation Performance MAA IAA PAA TAA CAA Key Indicators 2Q24 2Q23 YoY 2Q24 2Q23 YoY 2Q24 2Q23 YoY 2Q24 2Q23 YoY 2Q24 Passengers 7,126,033 6,446,264 11% 1,699,807 1,521,021 12% 1,826,476 1,633,459 12% 4,970,534 4,642,695 7% 25,861 Carried Capacity 8,003,874 7,439,324 8% 1,887,660 1,821,420 4% 1,
Slide 21: 2Q24 Digital, Logistics and Aviation Services Operating Performance
2Q24 Digital, Logistics and Aviation Services Operating Performance Key Indicators 2Q24 2Q23 YoY Carded Users (cumulative) 1,549,144 1,414,013 10% Monthly Active Users (MAU)('000) 13,013 15,043 -13% No. of Transactions ('000) 4,291 7,883 -46% Gross Booking Value (RM) ('000) 2,257,767 3,383,300 -33%
Slide 22: Thank You
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