Aimia Inc. · TSX:AIM
Aimia — Groupe Aeroplan — Q1 2009 Earnings Presentation
13 slides from Aimia's earnings presentation, May 12, 2009
Slide 1: Groupe Aeroplan Q1 2009 Financial Highlights
GROUPE AEROPLAN Q1 2009 FINANCIAL HIGHLIGHTS 1 1 May 12, 2009
Slide 2: Forward Looking Statements
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", "expect", "intend", "may", "plan", "predict", "project", "w
Slide 3: Financial Overview Quarterly Consolidated Results
Financial Overview Quarterly Consolidated Results Three months ended March 31st, (in millions, except where indicated) 2009 2008 Change Gross Billings $ 326.2 $ 342.7 $ (16.5) -4.8% Total Revenue 355.8 356.2 (0.4) -0.1% Operating Income before amortization of Accumulation 58.4 63.8 (5.4) -8.5% Partn
Slide 4: Gross Billings by Major Accumulation Partner
Gross Billings by Major Accumulation Partner Q1 2009 $326.2 million Gross Billings Q1 2008 $342.7 million Gross Billings Partner C Air 17% Canada Others 20% 19% Air Canada 19% Others 17% Partner C 17% Partner Partner Partner A Partner A B 35% B 36% 10% 10% Note: Gross billings to Partner B reflects
Slide 5: Gross Billings – Canadian segment
Gross Billings – Canadian segment Miles Issued (billions) Gross Billings (millions $) 19.8 19.5 (1.5%) 240.2 242.4 (0.9%) Q1 2009 Q1 2008 Avg. Selling Price (cents) 1.23 1.22 0.8% Q1 2009 Q1 2008 Q1 2009 Q1 2008 5 GROUPE AEROPLAN 5
Slide 6: Revenue – Canadian segment
Revenue – Canadian segment Total Miles Redeemed (billions) 19.1 19.2 Three months ended March 31st, 18.2 17.8 (in millions, except where indicated) 2009 2008 Change Miles Revenue $ 220.1 $ 214.4 $ 5.7 2.7% Breakage Revenue 43.2 37.4 5.8 15.5% 263.3 251.8 11.5 4.6% Tier Management & Marketing 2.2 2.8
Slide 7: Cost of Rewards – Canadian segment
Cost of Rewards – Canadian segment Aeroplan Miles Redeemed (billions) Cost of Rewards (millions $) 18.2 17.8 2.2% $173.0 $163.6 5.7% Q1 2009 Q1 2008 Average Cost / Mile Redeemed (cents) 0.95 0.92 3.2% Q1 2009 Q1 2008 Q1 2009 Q1 2008 7 GROUPE AEROPLAN 7
Slide 8: Gross Margin – Canadian segment
Gross Margin – Canadian segment Three months ended March 31st, (in millions, except where indicated) 2009 2008 Change Total Revenue $ 277.8 $ 267.0 $ 10.8 4.0% Cost of Rewards 173.0 163.6 9.4 5.7% Gross Margin 104.8 103.4 1.4 1.4% Gross Margin % 37.7% 38.7% -1.0% 8 GROUPE AEROPLAN 8
Slide 9: Operating Expenses – Canadian segment
Operating Expenses – Canadian segment Three months ended March 31st, (in millions, except where indicated) 2009 2008 Change SG&A $ 44.7 $ 41.2 $ 3.5 8.5% Depreciation & Amortization 21.5 21.1 0.4 1.9% Operating Expenses 66.2 62.3 3.9 6.3% 9 GROUPE AEROPLAN 9
Slide 10: Segmented information – Europe and Middle East
Segmented information – Europe and Middle East Three months ended March 31st, (1) (in millions, except where indicated) 2009 2008 FX Change Gross Billings $ 86.1 $ 100.3 $ (10.1) -4% Revenue 78.0 89.3 (8.7) -3% Cost of rewards 53.3 59.6 6.0 -21% Gross margin 24.7 29.7 (2.7) -8% SG&A 21.4 23.3 2.3 -1
Slide 11: Capital Structure
Capital Structure As at Mar. 31, Dec. 31, (in millions, except where indicated) 2009 2008 Cash and cash equivalent $ 580.9 $ 188.0 Short-term investments 36.1 477.3 Total cash and short-term investments 617.0 665.3 Long-term debt 698.0 697.0 Shareholders' equity 1,950.4 1,948.6 11 GROUPE AEROPLAN 11
Slide 12: Income taxes
Income taxes The effective tax rate and cash tax rate, calculated on consolidated earnings before income taxes, are both expected to approximate 25% 12 GROUPE AEROPLAN 12
Slide 13: May 12, 2009
GROUPE AEROPLAN 13 May 12, 2009