Ana Holdings Inc. · TSE:9202

Ana — Q1 FY2014 Earnings Presentation

32 slides from Ana's earnings presentation, Jul 30, 2014

  1. Slide 1: Financial Results FY2014 First Quarter

    ANA Holdings Inc. Financial Results FY2014 First Quarter Kiyoshi Tonomoto Senior Executive Vice President and CFO July 30, 2014 ©ANAHD2014 1

  2. Slide 2: Contents

    Contents Financial Results FY2014 First Quarter Supplemental Reference Highlights FY2014 First Quarter P.3 Fuel and Exchange Rate P.24 Business Environment of 1st and P.4 Composition of International P.25 2nd Quarter of FY2014 Passengers Results by Destination Composition of International P.26 Conso

  3. Slide 3: Highlights of FY2014 First Quarter

    Highlights of FY2014 First Quarter Highlights of Financial Results FY14 1st Quarter and FY13 Turned to surplus in FY14 1st quarter from deficit in FY13 1st quarter on operating income. 【FY2014 1st Quarter（Consolidated Results）】  Op. Income ： ¥00.3Bn （YoY ¥ +5.9Bn）  Net Income ： ¥03.4Bn （YoY ¥+10.1

  4. Slide 4: Business Environment of 1st and 2nd Quarter of FY2014

    Business Environment of 1st and 2nd Quarter of FY2014（Compared to the Last Year） FY13 1st Quarter FY14 1st Quarter FY14 2nd Quarter （Issues） （Review） （Forecast） Resolved Issues B787 operation Resume operation Additional 【International Passenger Operations】 suspension from June 2013 Deployment Expand

  5. Slide 5: Consolidated Financial Summary: Income Statements

    Consolidated Financial Summary Income Statements 1Q/FY13 1Q/FY14 Difference Operating Revenues 351.5 386.8 + 35.2 Operating Expenses 357.1 386.4 + 29.3 Operating Income - 5.6 0.3 + 5.9 Op. Margin (%) － 0.1 － Non-Op. Gains/Losses - 5.6 - 2.8 + 2.7 Recurring Income -11.2 - 2.5 + 8.7 Extraordinary Gain

  6. Slide 6: Consolidated Financial Summary: Financial Position

    Consolidated Financial Summary Consolidated Financial Position Mar 31, 2014 Jun 30, 2014 Difference Assets 2,173.6 2,197.6 + 24.0 Shareholders' Equity 746.0 752.0 + 6.0 Ratio of Shareholders‘ Equity (%) 34.3 34.2 - 0.1pts Interest Bearing Debts 834.7 857.2 + 22.4 Debt/Equity Ratio (times) * 1.1 1.1

  7. Slide 7: Consolidated Statements of Cash Flow

    Consolidated Financial Summary Consolidated Statements of Cash Flow 1Q/FY13 1Q/FY14 Difference Cash Flow from Operating Activities 75.3 49.0 - 26.2 Cash Flow from Investing Activities 69.5 - 29.7 - 99.3 Cash Flow from Financing Activities - 49.4 11.3 + 60.8 Net Increase or Decrease 95.5 30.5 - 64.9

  8. Slide 8: Consolidated Financial Summary: Results by Segment

    Consolidated Financial Summary Results by Segment 1Q/FY13 1Q/FY14 Difference Air Transportation 305.5 335.1 +29.6 Airline Related 45.7 53.6 +7.8 Travel Services 36.3 36.7 +0.3 Trade and Retail 26.4 30.0 +3.5 Revenues Total for Reporting Segments 414.1 455.5 +41.3 Others 7.0 7.5 +0.5 Adjustment - 69.

  9. Slide 9: Air Transportation Business: Operating Revenues and Expenses

    Air Transportation Business Operating Revenues and Expenses 1Q/FY13 1Q/FY14 Difference Domestic Passengers 147.3 148.3 + 0.9 International Passengers 89.5 109.2 + 19.7 Operating Cargo and Mail 33.7 39.2 + 5.4 Revenues Others 34.9 38.2 + 3.3 Total 305.5 335.1 +29.6 Fuel and Fuel Tax 80.0 89.9 + 9.8 L

  10. Slide 10: Air Transportation Business: Changes in Operating Income

    Air Transportation Business ・Revenue from contracted ･Depreciation except Aircraft Changes in Operating Income Maintenance and handling ･Maintenance, etc. ・Mileage/Card Other ・LCC Business, etc. (¥ Billion） Expense Sales-Linked ･Commission Other Revenue -2.3 ・Advertisement ･In-flight service ･Ground

  11. Slide 11: Domestic Passenger Operations

    Air Transportation Business Domestic Passenger Operations 1Q/FY13 1Q/FY14 % Y/Y Available Seat Km (million) 14,909 14,839 - 0.5 Revenue Passenger Km (million) 8,495 8,788 + 3.5 Passengers (thousands) 9,690 9,970 + 2.9 Load Factor (%) 57.0 59.2 + 2.2pts* Passenger Revenues (¥Billion) 147.3 148.3 + 0.

  12. Slide 12: Trends in Domestic Passenger Operations

    Air Transportation Business Trends in Domestic Passenger Operations (Not including Vanilla Air / ex-AirAsia Japan) FY14 1Q Revenue Change Factors Trends of passengers by Segment and Unit Price Exceeded revenues year-on-year by enhancing and  Increased demand by proceeding of promotional fare captu

  13. Slide 13: International Passenger Operations

    Air Transportation Business International Passenger Operations 1Q/FY13 1Q/FY14 % Y/Y Available Seat Km (million) 9,805 12,273 + 25.2 Revenue Passenger Km (million) 6,963 8,471 + 21.7 Passengers (thousands) 1,436 1,689 + 17.7 Load Factor (%) 71.0 69.0 - 2.0pts* Passenger Revenues (¥Billion) 89.5 109.

  14. Slide 14: Trends in International Passenger Operations

    Air Transportation Business Trends in International Passenger Operations (Not including Vanilla Air / ex-AirAsia Japan) FY14 1Q Revenue Change Factors Trends of ASK, RPK and Yield Increased revenues steadily with expansion of ASK. Enhanced both capturing demand and improving yield. Index：FY12 1Q=1

  15. Slide 15: International Passenger Operations: ASK, RPK and L/F by Destination

    Air Transportation Business Trends in International Passenger Operations (Not including Vanilla Air / ex-AirAsia Japan) Trends of ASK, RPK and L/F by Destination 200 North America 100 200 Europe 100 180 90 180 90 160 80 160 80 140 70 140 70 120 60 120 60 100 50 100 50 80 40 80 40 60 30 60 30 1Q 2Q 3

  16. Slide 16: International Passenger Traffic Results by Airport

    Air Transportation Business Trends in International Passenger Operations (Not including Vanilla Air / ex-AirAsia Japan) Comparison of Traffic Results year-on-year by Airport All Routes Europe Image showing L/F on Major Routes 15,000 3,000 +26% Haneda Narita 2,000 80 12,000 +25.2% +13%  Munich  Fra

  17. Slide 17: Domestic Cargo Operations

    Air Transportation Business Domestic Cargo Operations 1Q/FY13 1Q/FY14 % Y/Y Available Ton Km (million) 472 462 - 2.1 Revenue Ton Km (million) 101 111 + 10.1 Revenue Ton (thousand tons) 101 110 + 8.6 Domestic Cargo Load Factor (%) 21.5 24.2 + 2.7pts* Cargo Revenues (¥Billion) 7.1 7.6 + 7.4 Unit Reven

  18. Slide 18: International Cargo Operations

    Air Transportation Business International Cargo Operations 1Q/FY13 1Q/FY14 % Y/Y Available Ton Km (million) 1,025 1,343 + 31.1 Revenue Ton Km (million) 666 891 + 33.8 Revenue Ton (thousand tons) 162 212 + 30.6 International Cargo Load Factor (%) 65.0 66.4 + 1.3pts* Cargo Revenues (¥Billion) 24.5 29.

  19. Slide 19: Trends in International Cargo Operations

    Air Transportation Business Trends in International Cargo Operations FY14 1Q Revenue Change Factors Trends of Traffic Results and Unit Price Revenues increased by capturing demand of trilateral  Exceeded market trend continuously by capturing cargo traffic. demand. （YoY：%） (*) Japan Aircargo Forwa

  20. Slide 20: LCC Operations

    Air Transportation Business LCC Operations 1Q/FY13* 1Q/FY14 % Y/Y Domestic and International Passenger Operations in Total Available Seat Km (million) 360 495 + 37.5 Revenue Passenger Km (million) 197 296 + 50.3 Passengers (thousands) 184 198 + 7.3 Load Factor (%) 54.7 59.7 + 5.1pts** * Results of e

  21. Slide 21: Other Segments excluding Air Transportation Business

    Other Segments excluding Air Transportation Business Results by Segment Airline Related Travel Services （¥Billion） 1Q/FY13 1Q/FY14 Difference 1Q/FY13 1Q/FY14 Difference Revenues 45.7 53.6 + 7.8 36.3 36.7 + 0.3 Op. Income 1.2 2.7 + 1.5 0.6 0.7 + 0.1 Depreciation and Amortization 0.7 1.0 + 0.3 0.0 0.0

  22. Slide 22: Intentionally Blank

    Intentionally Blank ©ANAHD2014 22

  23. Slide 23: Supplemental Reference

    Supplemental Reference ©ANAHD2014 23

  24. Slide 24: Fuel Hedge and Currency Hedge

    Supplemental Reference Fuel hedge ≪FY2014 Earnings Forecast Assumptions≫ （Not including hedge impact） Dubai Crude Oil ：US$107/bbl、 Kerosene：US$125/bbl 100% Hedge Ratio （As of 30 Jun, 2014） Fuel Cost 80% 75% US$1 change per barrel 60% 40% Non hedge 40% Impact of Oil Price 20% 20% ¥ 2.8Bn 5% FY14(E) 0

  25. Slide 25: Composition of International Passenger Results by Destination

    Supplemental Reference Composition of International Passenger Results 1Q/FY14 Difference by Destination Composition North America 33.3 + 2.3 Europe 20.7 - 0.5 Revenue China 14.7 - 0.8 Asia 27.7 - 0.4 Resort 3.5 - 0.7 North America 35.0 + 2.6 Europe 20.5 + 0.2 ASK China 11.2 - 2.0 Asia 29.4 + 0.4 Res

  26. Slide 26: Composition of International Cargo Results by Destination

    Supplemental Reference Composition of International Cargo Results 1Q/FY14 Difference by Destination Composition North America 21.4 + 0.4 Europe 15.0 + 0.2 Revenue China 34.4 - 2.5 Asia 21.9 + 2.0 Others 7.2 - 0.2 North America 35.2 - 0.6 Europe 21.0 - 2.1 ATK China 16.4 - 1.4 Asia 23.4 + 4.2 Others

  27. Slide 27: Aircraft in Service

    Supplemental Reference Aircraft in Service Mar 31, 2014 Jun 30, 2014 Change Owned Leased Boeing 747-400 (Domestic) 1 0 -1 0 0 Boeing 777-300ER 19 19 － 16 3 Wide-Body Boeing 777-300 7 7 － 7 0 Boeing 777-200ER 12 12 － 6 6 Boeing 777-200 16 16 － 14 2 Boeing 787-8 27 28 +1 28 0 Boeing 767-300ER 26 26 －

  28. Slide 28: (MEMO)

    (MEMO) ©ANAHD2014 ANA 28

  29. Slide 29: (MEMO)

    (MEMO) ©ANAHD2014 ANA 29

  30. Slide 30: (MEMO)

    (MEMO) ©ANAHD2014 ANA 30

  31. Slide 31: ANA Group Corporate Philosophy

    ANA Group Corporate Philosophy Mission Statement ANA Group Safety Principles  Safety is our promise to the public and Built on a foundation of security and trust, is the foundation of our business “the wings within ourselves”  Safety is assured by an integrated help to fulfill the hopes management

  32. Slide 32: Cautionary Statement

    Cautionary Statement Forward-Looking Statements. This material contains forward-looking statements based on ANA Holdings Inc.’s current plans, estimates, strategies, assumptions and beliefs. These statements represent the judgments and hypotheses of the Company’s management based on currently availa

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