Slide 1: Earnings Presentation Q2 FY18
Earnings Presentation Q2 FY18 Jul – Sep 2017 October 31st, 2017 1
Slide 2: Safe harbor
Safe harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward looking statements. This document forms part of the quarterly earnings release and should be view
Slide 3: Overview
Overview
Slide 4: Key highlights
Key highlights • Profit after tax of INR 5.5 billion with a profit margin of 10.4% for the quarter ended September 2017 • Profitability favorably impacted by better revenue management and credits received from manufacturers related to aircraft grounding and delivery delays • Successfully completed a
Slide 5: Financial Overview
Financial Overview
Slide 6: Financial highlights for the quarter
Financial highlights for the quarter Quarter Ended Particulars (in INR million) Sep'17 Sep'16 Change% ASK (billion) 15.1 13.4 13.0% Total revenue 55,056 43,277 27.2% RASK (INR) 3.52 3.12 12.6% Total cost 47,410 41,511 14.2% CASK (INR) 3.01 2.99 0.7% CASK ex fuel (INR) 1.92 1.83 5.0% EBITDAR 15,811 9
Slide 7: Revenue breakup for the quarter
Revenue breakup for the quarter Quarter Ended Particulars (in INR million) Sep'17 Sep'16 Change% Revenue from operations 52,910 41,669 27.0% Other income 2,146 1,608 33.5% Total revenue 55,056 43,277 27.2% ASK (billion) 15.1 13.4 13.0% RPK (billion) 12.7 11.0 15.4% Load factor (%) 84.0% 82.2% 1.8 pt
Slide 8: Cost breakup for the quarter
Cost breakup for the quarter Quarter Ended Particulars (in INR million) Sep'17 Sep'16 Change% Aircraft fuel expenses 16,473 15,524 6.1% Aircraft and engine rentals 8,193 7,721 6.1% Purchase of stock in trade 294 317 -7.2% Changes in inventories of stock in trade 14 16 -11.9% Employee benefits 6,004
Slide 9: Cash and Debt
Cash and Debt As of Particulars (in INR million) Sep’17 Sep’16 Change Free Cash 76,018 23,865 218.5% Restricted Cash 53,238 44,707 19.1% Total Cash 129,256 68.572 88.5% Debt 25,368 27,428 -7.5% 9
Slide 10: Capacity update
Capacity update • For third quarter fiscal year 2018, year over year capacity increase in ASKs is expected to be 14% • For fiscal year 2018, year-over-year increase in ASKs is expected to be 19% 10
Slide 11: Appendix
Appendix
Slide 12: Fleet breakup
Fleet breakup 30th Sep, 2017 30th Jun, 2017 30th Sep, 2016 141 135 118 • 17 Owned/Finance • 17 Owned/Finance • 22 Owned/ Finance Lease Lease Lease • 124 Operating Lease • 118 Operating Lease • 96 Operating Lease • 24 A320neo • 22 A320neo • 10 A320neo • 117 A320ceo • 113 A320ceo • 108 A320ceo 12
Slide 13: Definitions and Abbreviations
Definitions and Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer Earnings before finance income and cost, tax, depreciation, am
Slide 14: Thank You
Thank You