Aimia Inc. · TSX:AIM
Aimia — Aeroplan Income Fund — Q1 2008 Earnings Presentation
8 slides from Aimia's earnings presentation, May 9, 2008
Slide 1: Aeroplan Income Fund Q1 2008 Financial Highlights
AEROPLAN INCOME FUND Q1 2008 FINANCIAL HIGHLIGHTS May 9, 2008 Forward Looking Statements Certain statements in this presentation may contain forward-looking statements. These forward-looking statements are identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate
Slide 2: Q1 2008 Results; Financial Overview
Q1 2008 RESULTS First quarter results of LMG are included in the Fund’s financial statements (statements of earnings and cash flows) Comparison of Q1 2008 to Q1 2007 at the Fund level is not meaningful: Q1 2007 does not include LMG Q1 2007 only includes the results of the Partnership since March 14,
Slide 3: Gross Billings by Major Accumulation Partner; Segmented Information
Gross Billings by Major Accumulation Partner Q1 2008 Q1 2007* $342.7 million Gross Billings $228.0 million Gross Billings Others Others 19% Air 12% Canada Air 19% Partner Canada B 28% Partner 13% C 17% Partner Partner A B 35% Partner 10% A 47% * 2007 results presented for comparative purposes are th
Slide 4: Gross Billings and Revenue – Canadian segment
Gross Billings – Canadian segment Miles Issued Gross Billings (billions) (millions $) 19.8 18.4 7.6% 242.4 228.0 Q1 2008 Q1 2007 6.3% Avg. Selling Price (cents) 1.22 1.24 -1.6% Q1 2008 Q1 2007 Q1 2008 Q1 2007 7 Revenue – Canadian segment Total Miles Redeemed (billions) 19.2 Three months ended March
Slide 5: Gross Margin and Operating Expenses – Canadian segment
Gross Margin – Canadian segment Three months ended March 31st (1) (in millions, except where indicated) 2008 2007 Change Total Revenue $ 267.0 $ 245.3 $ 21.7 9% Cost of Rewards 163.6 155.1 8.5 5% Gross Margin 103.4 90.2 13.2 15% Gross Margin % 38.7% 36.8% 1.9% (1) 2007 results presented for comparat
Slide 6: Segmented information – Europe and Middle East; Capital Structure
Segmented information – Europe and Middle East (in millions, except where indicated) Three months ended March 31, 2008 Europe and Middle East Gross Billings $ 100.3 Revenue 89.2 Cost of rewards 59.6 Gross margin 29.6 SG&A 23.3 Depreciation and amortization 6.2 Adjusted EBITDA 8.4 Net Earnings 6.4 11
Slide 7: Reasons For Early Conversion; Dividend Policy
Reasons For Early Conversion Resolves uncertainty related to foreign ownership issue; Supports the Fund's growth strategy through better access to global capital markets, providing access to financing on a more timely and cost efficient basis; Optimizes leverage in order to maximize returns to share
Slide 8: Effect Of Proposed Conversion To A Corporation On Income Taxes
Effect Of Proposed Conversion To A Corporation On Income Taxes The proposed conversion, if approved, will be effected through tax-free rollover provisions and will not result in a taxable event for unitholders. As a result of the change in corporate structure, Aeroplan will be liable for income taxe