Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Group Berhad — Q2 2021 Earnings Presentation
15 slides from Capital A Berhad's earnings presentation, Sep 8, 2021
Slide 1: AirAsia Group Berhad Quarterly Presentation for 2Q2021
AirAsia Group Berhad Quarterly Presentation for 2Q2021 Financial Results 8 September 2021 1
Slide 2: Legal Disclaimer
Legal Disclaimer 2 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. Neith
Slide 3: 2Q21 Key Highlights
2Q21 Key Highlights AirAsia has completed its transformation into an investment holding company with a portfolio of 3 synergistic travel and lifestyle businesses Efforts in establishing the right foundation for the Group paid off as seen in the growing revenue & lower cash burn despite travel restri
Slide 4: 2Q21 group revenue more than doubled; loss before tax narrowed 40%
2Q21 group revenue more than doubled; loss before tax narrowed 40% Revenue (RM m) 4 Group Revenue increased 161% YoY, 24% QoQ: ● Boosted by Teleport revenue which tripled YoY due to higher number of cargo only flights and more delivery services ● Aviation revenue up 176% YoY on low base effect but d
Slide 5: Fixed costs reduced despite low base YoY
Fixed costs reduced despite low base YoY 5 2Q21 Fixed Costs effectively reduced by 15% YoY Non-variable maintenance Fixed costs reduced since despite a low base in 2Q20; flat QoQ 1Q20 due to effective cost management Airline staff costs declined 48% YoY, 19% QoQ Other opex ● due to headcount rationa
Slide 6: AAGB is an investment holding company with a portfolio of synergistic businesses
AAGB is an investment holding company with a portfolio of synergistic travel and lifestyle businesses that leverage data and technology to deliver the best 6 value at the lowest cost This is supported by strong data and one of Asia's leading brands that remains committed to serving the underserved A
Slide 7: Slow QoQ but strong YoY improvements on low base effect
Slow QoQ but strong YoY improvements on low base effect; airline operations expected to pick up in 4Q 7 Significant load Significant YoY operating improvements in all four entities coming off low base last year Load Factor (%) factor growth YoY due to active capacity Healthy Group load factor at 68%
Slide 8: ADE set to be a dominant MRO player in Asia
ADE set to be a dominant MRO player in Asia 8 Key Strengths 2021 YTD Highlights ● Experienced workforce of more than 15 years Feb. Obtained foreign approval from India authorities for managing AirAsia’s fleet line maintenance works to be carried out in Malaysia ● Diverse capabilities and state-of-th
Slide 9: Speedy rollouts for airasia superapp
Speedy rollouts for airasia superapp 9 2021 YTD Highlights 2Q21 Highlights Feb. Extended Unlimited free delivery for all Malaysia Unlimited pass holders ● Revenue up 39% YoY driven by new product offerings March. Launched Asean Unlimited, offering unlimited domestic flights and unlimited delivery ai
Slide 10: Teleport strengthening cargo network
Teleport strengthening cargo network 10 2021 YTD Highlights 2Q21 Highlights Jan. Received Forwarding Agent license to facilitate ● Revenue increased 67% QoQ, 24-hours delivery tripled YoY driven by higher number of cargo only flights March. Partnered with McDonald’s in the Philippines and deliveries
Slide 11: BigPay launching more banking products, including credit
BigPay launching more banking products, including credit 11 2021 YTD Highlights 2Q Highlights Feb. Bill payments launch and enhancements ● Revenue up 56% YoY driven by 7-Eleven cash deposits across Malaysia (>2400 stores) payment and remittance ● Card issuance up 7% QoQ to 767.5k April. Introduced a
Slide 12: Fundraising on track for sufficient liquidity
Fundraising on track for sufficient liquidity 12 Funding plan from debt and equity: ● Private Placement - Raised RM336.5m via two tranches in 1Q21 ● Danajamin scheme - Have obtained approval letters from two banks and in various stages of discussion with other financial institutions ● Rights issue -
Slide 13: Investor relations contact
Asean www.airasia.com/aagbir [email protected] 13
Slide 14: 2Q21 Airline Performance
2Q21 Airline Performance 14 MAA IAA PAA Key Indicators 2Q20 2Q21 % 2Q20 2Q21 % 2Q20 2Q21 % Passengers Carried 170,912 279,653 ▲ 64% 4,059 307,550 ▲ 7477% 29,111 171,543 ▲ 489% Capacity 283,150 435,288 ▲ 54% 9,720 459,180 ▲ 4624% 53,100 219,420 ▲ 313% Load Factor (%) 60% 64% ▲ 4ppts 42% 67% ▲ 25ppts
Slide 15: Fleet downsizing in line with demand and maximising utilisation
Fleet downsizing in line with demand and maximising utilisation 15 14 aircraft to be returned in 2021 Our network plans are continuously revised to reflect the latest recovery timeline following the ongoing pandemic impact Group December 2020 245 2021 Net Fleet Movement -10 December 2021 235** Note: