IAG Capital Markets 2018

About this update from International Consolidated Airlines Group Sa

[{"type":"text","content":"\n \nRNS Number : 1546G International Cons Airlines Group 02 November 2018  \n\n \nIAG CAPITAL MARKETS DAY 2018\n \nInternational Consolidated Airlines Group (IAG) will update the market today (November 2, 2018) at its Capital Markets Day with the following key information:\n \nShareholder cash returns: \n \no  IAG reinforces its strong equity free cash flow targets \no  IAG has a strong balance sheet \n \nLong-term planning goals for 2019-2023 include:\no  Return on Invested Capital (real terms) targeting sustainable 15% (no change)\no  An operating profit margin of 12% to 15% (no change)\no  Average EPS growth of 12%+ per annum (no change)\no  EBITDAR of approximately €7.2bn average per annum (compared to €6.5bn average per annum for 2018-2022 previously)\no  Average net capex of €2.6bn per annum (compared to an average of €2.1bn per annum for 2018-2022 previously)\no  Equity free-cash flow average of €2.5bn per annum (no change)\no  ASK growth of approximately 6% per annum (compared to approximately 5% per annum for 2018-2022 previously)\no  Gearing to be in the investment grade zone (no change)\n \nThe presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0900 GMT/1000 CET.\n \nThe presentations from the Capital Markets Day can be accessed via www.iairgroup.com and a webcast of the event will be available today from 0900 GMT/1000 CET.\n \n \nNovember 2, 2018\n \nLEI: 959800TZHQRUSH1ESL13\n \nThis announcement contains inside information and is disclosed in accordance with the company's obligations under the Market Abuse Regulation (EU) No 596/2014.\n \nEnrique Dupuy, Chief Financial Officer\n \nForward-looking statements:\nCertain statements included in this report are forward-looking and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. \nForward-looking statements can typically be identified by the use of forward-looking terminology, such as \"expects\", \"may\", \"will\", \"could\", \"should\", \"intends\", \"plans\", \"predicts\", \"envisages\" or \"anticipates\" and include, without limitat...

More updates from International Consolidated Airlines Group Sa