IAG CAPITAL MARKETS DAY 2017

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[{"type":"text","content":"\n \nRNS Number : 4938V International Cons Airlines Group 03 November 2017  \n\n \nIAG CAPITAL MARKETS DAY 2017\n \nInternational Consolidated Airlines Group (IAG) will update the market today (November 3, 2017) at its Capital Markets Day with the following key information:\n \n Shareholder 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 2018-2022 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 €6.5bn average per annum (compared to €5.3bn average per annum for 2016-2020 previously)\no  Capex: average of €2.1bn per annum (compared to an average of €1.7bn per annum for 2016-2020 previously)\no  Equity free-cash flow average of €2.5bn per annum (compared to an annual range of €1.5 to €2.5bn for 2016-2020 previously)\no  ASK growth of approximately 5% per annum (compared to approximately 3% per annum for 2016-2020 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 \n \nNovember 3, 2017\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 limitation, any projections relating to results of operations and financial conditions of International Consolidated Airlines G...

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