Jejuair Co., Ltd. · KRX:089590
Jejuair — Investor Presentation (December 2024)
22 slides from Jejuair's investor presentation, December 2024
Slide 1: Corporate Value-up Plan
Jeju Air Corporate Value-up Plan 2024.12. 2024 Jeju Air Value-up Plan 0
Slide 2: Disclaimer
Disclaimer 2024 Jeju Air Value-up Plan 1
Slide 3: Contents
Jeju Air Value-up Plan Contents I. II. III. IV. V. Value-up Company Status Value-up Communication Highlights Introduction Analysis Targets & Plans Value-up Highlights 3 Company Overview 4 ROE and Value-up Targets 13 Communication 20 9 Shareholder Return Snapshot of Jeju Air 5 Enhancing Financial Sou
Slide 4: Value-up Highlights
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Value-up Highlights No.1 LCC, Value-up Through Sustainable Growth Shareholder Market Market Profitability Return Valuation Capitalization 2027 ROE 2027 DPR 2027 PBR 2027 Target Target Target 25% 3
Slide 5: Company Overview
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Company Overview Jeju Air will continue to innovate the aviation industry and provide a great travel experience to as many people as possible. Company profile Key financials (Consolidated) Name Je
Slide 6: Snapshot of Jeju Air
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Snapshot of Jeju Air Operates 61 domestic and international routes, holding the largest number of aircraft and routes among LCCs in Korea. Service snapshot (As of 2024) No. of Aircraft Mongolia Ko
Slide 7: History of Growth
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication History of Growth As the first LCC in Korea to go public in 2015, Jeju Air continues to lead the LCC industry and will surpass consolidated revenue of KRW 2 trillion in near future. 2006-2012 2013
Slide 8: Business Overview – Air Transport Service
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Business Overview – Air Transport Service Leads the market with the largest fleet size among LCCs, offering a diverse range of ancillary services. The first LCC in Korea Led passenger market share
Slide 9: Business Overview – Other Businesses
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Business Overview – Other Businesses Diversifying business model through its subsidiaries. Ground operation service (0.8%1)) IT service (2.3%1)) JAS Co., Ltd. AKIS Co., Ltd. 1 Passenger Ramp Maint
Slide 10: ROE and Shareholder Return
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication ROE and Shareholder Return Maintained ROE of approximately 20% and Dividend Payout Ratio of 20~25% pre COVID-19. ROE trend(Consolidated) Dividend trend 44.9% 17 “ROE distortion 16 affected by COVI
Slide 11: Financial Soundness
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Financial Soundness Enhanced financial soundness through multiple capital increases and announced deficit recovery for shareholder return. Peer D/E ratio1) and paid-in capital increase Announcemen
Slide 12: PBR
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication PBR PBR is lower than the LCC peer average due to capital increases. The company is undervalued in the market despite the No.1 performance in the industry. PBR trend (Consolidated) Undervalued PBR
Slide 13: Sustainable Aviation
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Sustainable Aviation Working to reduce carbon emissions by introducing Next-Generation aircraft and boosting operational efficiency, aiming for a green business model. Introducing Next-Generation
Slide 14: Value-up Targets
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Value-up Targets Plans to enhance enterprise value to fortify the LCC industry leader position. Value-up roadmap Return to historically Distorted financial Stable financial Need to overcome Status
Slide 15: Enhancing Profitability (Fleet Modernization, B737-8 Purchase)
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Enhancing Profitability (Fleet Modernization, B737-8 Purchase) Plans to enhance business capabilities with superior fleet competitiveness as the only LCC to contract the B737-8 aircraft and gradua
Slide 16: Enhancing Profitability (Expansion of Network)
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Enhancing Profitability (Expansion of Network) Plans to increase M/S by expanding routes based on steady demand from well-established major routes. Steady demand for Japan, SE Asia routes China Vi
Slide 17: Enhancing Profitability (Other Businesses)
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Enhancing Profitability (Other Businesses) Plans to build a sustainable business portfolio by expanding ground operation service and IT service. Ground operation service expansion plan IT service
Slide 18: Shareholder Return Policy
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Shareholder Return Policy Plans to maximize TSR through dividend by deficit recovery and high dividend payout ratio. Shareholder return policy Long term shareholder return policy 17 MAX[DPR1) 35%,
Slide 19: Market Capitalization
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Market Capitalization The market capitalization remains below its all-time high, aims to recover KRW 1.3tn through strengthened profitability and enhanced shareholder return. 1,724 No.1 in Korea
Slide 20: Green Business Portfolio
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Green Business Portfolio Strengthen Climate Change Response strategy and Green Business Portfolio through introducing Next-Gen. aircraft, operational efficiency improvements, and expanding use of
Slide 21: Communication
Value-up Highlights | Company Introduction | Status Analysis | Value-up Targets & Plans | Communication Communication Plans to enhance credibility by providing transparent information through improved two-way communication with the shareholders. Major communication status and plan Our Mission Commun
Slide 22: Ranked 1st for 3 straight years in National Customer Satisfaction Index
Ranked 1st for 3 Ranked 1st for 10 Ranked 1st in Korea Ranked 1st for 2 straight First-ever carrier to win Ranked 1st for 6 straight years in straight years in The Customer Satisfaction years in Korea’s Most Consumer-Centered straight years in National Customer 26th Korea Brand Index (KCSI) Admired