Aimia Inc. · TSX:AIM

Aimia — Groupe Aeroplan — Q3 2008 Earnings Presentation

15 slides from Aimia's earnings presentation, Nov 14, 2008

  1. Slide 1: Groupe Aeroplan Q3 2008 Financial Highlights

    GROUPE AEROPLAN Q3 2008 FINANCIAL HIGHLIGHTS 1 November 14, 2008

  2. 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", "

  3. Slide 3: Q3 2008 Results

    Q3 2008 RESULTS – • First full quarter of results reflecting corporate status • Conversion to a corporation has been accounted for as a continuity of interests • Groupe Aeroplan continues to operate the business of the Fund and no change in ownership has occurred • Comparative results are those of t

  4. Slide 4: New Performance Metrics

    NEW PERFORMANCE METRICS- • Adjusted Net Earnings = Net Earnings (GAAP) + 1) Amortization of accumulation partners’ contracts & technology + 2) (Change in Deferred Revenue - Change in Future Redemption Costs) - 3) Income tax effect* on 2) above • Free Cash Flow = Cash flows from operating activities

  5. Slide 5: Financial Overview Quarterly Consolidated Results

    Financial Overview Quarterly Consolidated Results Three months ended September 30 (1) (in millions, except where indicated) 2008 2007 Change Gross Billings $ 355.6 $ 236.9 $ 118.7 50% Total Revenue 335.0 219.2 115.8 53% Operating Income (2) 68.4 48.1 20.3 42% Net earnings 35.0 50.9 (15.9) -31% Adjus

  6. Slide 6: Financial Overview – Year to date – Consolidated Results

    Financial Overview – Year to date – Consolidated Results YTD September 30 (1) (in millions, except where indicated) 2008 2007 Change Gross Billings $ 1,056.1 $ 703.8 $ 352.3 50% Total Revenue 1,027.9 684.8 343.1 50% Operating Income (2) 201.7 143.4 58.3 41% Net earnings 108.5 150.4 (41.9) -28% Adjus

  7. Slide 7: Gross Billings by Major Accumulation Partner Q3 2008

    Gross Billings by Major Accumulation Partner Q3 2008 $355.6 million Gross Billings Q3 2007* $236.9 million Gross Billings Partner C 16% Air Others Canada 11% Air 16% Partner Canada B 24% Others 12% 18% Partner Partner Partner A A 53% B 9% 41% 7 * 2007 results presented for comparative purposes are t

  8. Slide 8: Gross Billings – Canadian segment

    Gross Billings – Canadian segment Miles Issued (billions) Gross Billings (millions $) 21.5 19.5 261.1 10.3% 236.9 Q3 2008 Q3 2007 10.2% Avg. Selling Price (cents) 1.21 1.21 0% Q3 2008 Q3 2007 Q3 2008 Q3 2007 8 GROUPE AEROPLAN 8

  9. Slide 9: Revenue – Canadian segment

    Revenue – Canadian segment Total Miles Redeemed (billions) 16.5 Three months ended September 30 15.6 (1) (in millions, except where indicated) 2008 2007 Change 15.5 Miles Revenue $ 187.4 $ 169.8 $ 17.6 10% 14.1 Breakage Revenue 39.2 35.3 3.9 11% 226.6 205.1 21.5 10% 9.9% Other 13.0 14.1 (1.1) -8% To

  10. Slide 10: Gross Margin – Canadian segment

    Gross Margin – Canadian segment Three months ended September 30 (in millions, except where indicated) 2008 2007 (1) Change Total Revenue $ 239.6 $ 219.2 $ 20.4 9% Cost of Rewards 141.7 127.2 14.5 11% Gross Margin 97.9 92.0 5.9 6% Gross Margin % 40.9% 42.0% -1.1% (1) 2007 results presented for compar

  11. Slide 11: Operating Expenses – Canadian segment

    Operating Expenses – Canadian segment Three months ended September 30 (in millions, except where indicated) 2008 2007 (1) Change SG&A $ 46.4 $ 40.7 $ 5.7 14% Depreciation & Amortization (2) 3.1 3.2 (0.1) -3% Operating Expenses (2) 49.5 43.9 5.6 13% (1) 2007 results presented for comparative purposes

  12. Slide 12: Segmented information – Europe and Middle East

    Segmented information – Europe and Middle East Europe and Middle East YTD Sept (in millions, except where indicated) Q1 2008 Q2 2008 Q3 2008 30, 2008 Gross Billings $ 100.3 $ 99.1 $ 94.5 $ 293.9 Revenue Mileage 85.6 91.1 86.7 263.4 Other 3.7 5.3 8.7 17.7 89.3 96.4 95.4 281.1 Cost of rewards 59.6 53.

  13. Slide 13: Capital Structure

    Capital Structure As at Sept. 30, June 30, December 31, (in millions, except where indicated) 2008 2008 2007 Cash and cash equivalent $ 174.1 $ 87.2 $ 456.0 Short-term investments 452.9 457.9 123.4 Total cash and short-term investments 627.0 545.1 579.4 Long-term debt 695.5 714.8 734.7 Shareholders'

  14. Slide 14: Interest, foreign exchange and income taxes

    Interest, foreign exchange and income taxes Interest, foreign exchange and income taxes YTD Sept. 30, (in millions, except where indicated) Q1 2008 Q2 2008 Q3 2008 2008 Interest expense (6.3) (7.7) (6.3) (20.3) Foreign exchange Currency SWAP (13.7) (1.9) 27.4 11.8 Intercompany debt & other 18.0 (2.6

  15. Slide 15: Groupe Aeroplan

    GROUPE AEROPLAN November 14, 2008

Groupe Aeroplan — Q3 2008 Earnings Presentation on 6ix