Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Group Berhad — FY2020 Earnings Presentation
18 slides from Capital A Berhad's earnings presentation, Mar 29, 2021
Slide 1: Presentation for the 4Q2020 and FY2020 Results
AirAsia Group Berhad Presentation for the 4Q2020 and FY2020 Results 29 March 2021
Slide 2: Legal Disclaimer
Legal Disclaimer Information contained in our presentation is intended solely for your personal reference and is strictly confidential. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. Neither
Slide 3: 4Q20 and FY20 Key Highlights
4Q20 and FY20 Key Highlights Successfully pivoted the airline into a digital lifestyle company, anchored on travel. RedBeat Ventures renamed AirAsia Digital Travel revived in December with year-end holidays coupled with strong pent-up demand. Softer 1Q21 QoQ expected due to Malaysia’s MCO ● By Decem
Slide 4: 4Q20 Financial Highlights
4Q20 Financial Highlights Group Revenue Group EBITDA Profit Before Tax Revenue declined 92% YoY and 40% QoQ: ● Softer 4Q20 vs 3Q20 due to interstate travel restrictions in Malaysia for the months of October and November. Operated 21% of pre-Covid domestic capacity during the quarter. International b
Slide 5: Operating statistics indicating recovery
Operating statistics indicating recovery Load Factor Healthy FY20 load ● Group load factor was commendable at 67% in 4Q20 and 74% in FY20 factor levels. PAA’s load factor compared to peers, attributed to our active capacity management to outperformed peers match demand. TAA outperformed other entiti
Slide 6: Exceeded fixed cost reduction target of 50%
Exceeded fixed cost reduction target of 50% Fixed costs reduced by 61% in 4Q20 and by 52% in FY20 ● Staff costs decreased by 63% in 4Q20 and 35% in FY20 due to headcount rationalisation, voluntary salary cuts across the board & attrition ● With asset optimisation, fixed maintenance was cut down by 9
Slide 7: Ensuring sufficient liquidity in 2021
Ensuring sufficient liquidity in 2021 ● Successful completion of RM336 million private placement which forms part of our RM2.0 billion to RM2.5 billion overall fundraising plans in a combination of debt and equity funding to ensure sufficient liquidity for the Group even if international borders rem
Slide 8: Fleet & Network Rollout Matching Demand
Fleet & Network Rollout Matching Demand ● 14 aircraft to be returned in 2021. MAA TAA IAA PAA AAI AAJ Group ● We have planned our fleet reduction, redelivery and reallocation to match our expectation of full recovery December 2020 96 62 28 24 33 2 245 within two years 2021 Net Fleet Growth 8 -8 -6 -
Slide 9: Vaccination Key to Travel Revival
Vaccination Key to Travel Revival Majority of population in key markets are expected to be vaccinated by 3Q 2021^ By 3Q21, at least 40-50% of population in major regional countries would have been vaccinated, including tourism and aviation staff Employees in the aviation & tourism industry are prior
Slide 10: Airasia App accelerating expansion in Asean
Airasia App accelerating expansion in Asean Achievements in FY20 ● Over 200,000 Unlimited was sold in FY20 in Malaysia, Thailand, Indonesia and Philippines ● Now directly sourced hotels for Malaysia, Thailand and Indonesia beginning 2Q20 onwards ● Launched airasia Food, the complete food ordering so
Slide 11: BigPay building momentum as a neo bank
BigPay building momentum as a neo bank 2020 Highlights ● App launched in Singapore in 3Q20 ● Payments: Launched bill payments in 4Q20 ● Remittance Added India, Nepal Added Tie-up with Alipay for and Bangladesh Australia transfers to China 1Q 2Q 3Q International money transfer now available to 10 cou
Slide 12: Teleport adapting to post-pandemic trends
Teleport adapting to post-pandemic trends 2020 Highlights 1Q20 2Q20 3Q20 4Q20 Completed cargo Transported Launched another ○ Partnered with Alibaba’s logistics arm consolidation of medical supplies logistics base in Cainiao for cross-border deliveries AirAsia’s Asean and essential cargo Singapore ○
Slide 13: BIG Rewards aims for borderless earn and burn
BIG Rewards aims for borderless earn and burn 2020 Highlights 1Q20 2Q20 4Q20 Evolved from just ● Launched BIG Xchange - universal points exchange ● Launched Points Back for repurchasing loyalty points into a hub allowing two-way points conversion stickiness digital currency ● Introduced a ‘point exp
Slide 14: Santan accelerating opening of franchise outlets
Santan accelerating opening of franchise outlets 2020 Highlights ● Santan Group 1Q20 3Q20 4Q20 ○ Daily sales passed RM10k per ○ Secured official franchise ○ Opened first franchise outlet at Sogo day registration certificate ○ Opened a new satellite kitchen in Seri ○ Widen delivery coverage across ○
Slide 15: Asean
Asean www.airasia.com/aagbir aagb_ir@airasia.com 15
Slide 16: FY20 Financial Highlights
FY20 Financial Highlights Group Revenue Group EBITDA Net Loss Revenue declined 74% YoY: ● Operated 29% of pre-Covid capacity, led by IAA with 33%. IAA ended the year strongly with 93% domestic capacity in Dec ● Nonetheless, recent quarter uptrends, strong responses to our Unlimited passes and forwar
Slide 17: 4Q20 Airline Performance
4Q20 Airline Performance MAA IAA PAA Key Indicators 4Q19 4Q20 % 4Q19 4Q20 % 4Q19 4Q20 % Passengers Carried 8,684,893 834,940 ▼ -90% 2,238,752 389,283 ▼ -83% 2,245,583 117,948 ▼ -95% OPERATIONAL Capacity 10,608,264 1,158,760 ▼ -89% 2,764,080 655,920 ▼ -76% 2,648,700 184,500 ▼ -93% Load Factor (%) 82%
Slide 18: FY20 Airline Performance
FY20 Airline Performance MAA IAA PAA Key Indicators FY19 FY20 % FY19 FY20 % FY19 FY20 % Passengers Carried 35,038,498 9,116,250 ▼ -74% 7,967,267 2,186,180 ▼ -73% 8,553,305 2,006,465 ▼ -77% OPERATIONAL Capacity 41,633,436 12,295,400 ▼ -70% 9,530,460 3,151,440 ▼ -67% 9,720,720 2,493,360 ▼ -74% Load Fa