Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — H1 FY2008-09 Earnings Presentation

21 slides from Singapore Airlines's earnings presentation, Nov 7, 2008

  1. Slide 1: Singapore Airlines Group Analysts / Media Briefing

    SINGAPORE AIRLINES GROUP ANALYSTS / MEDIA BRIEFING Half Year and 2nd Quarter FY2008-09 RESULTS 7 NOVEMBER 2008

  2. Slide 2: The Parent Airline 1H FY2008-09 Results

    THE PARENT AIRLINE 1H FY2008-09 RESULTS

  3. Slide 3: The Parent Airline Company Results – 1H FY08/09

    THE PARENT AIRLINE COMPANY RESULTS – 1H FY08/09 ($ million) 1H/08 1H/07 % Change Total Revenue 6,954.0 6,061.6 + 14.7 Total Expenditure (6,458.8) (5,280.5) + 22.3 Operating Profit 495.2 781.1 – 36.6

  4. Slide 4: Parent Airline Operating Performance – Yield and Unit Cost

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 1H FY08/09 1H/08 1H/07 % Change Passenger Yield 12.6 11.7 + 7.7 (¢/pkm) Unit Cost 9.1 8.2 + 11.0 (¢/ask) Passenger 72.2 70.1 + 2.1 pts Breakeven Load Factor (%)

  5. Slide 5: Parent Airline Operating Performance – Load Factors

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 1H FY08/09 1H/08 1H/07 % Change Passenger Load 77.9 80.3 – 2.4 pts Factor (%) Passenger 72.2 70.1 + 2.1 pts Breakeven Load Factor (%) Passenger Load 5.7 pts 10.2 pts – 4.5 pts Factor Spread (%)

  6. Slide 6: Parent Airline Operating Performance – Load Factor Trend

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 1H FY08/09 (%) Passenger Load Factor Breakeven Load Factor 84 80.3 80 77.9 77.5 76 73.9 74.3 10.2 72.9 4.6 5.7 72.2 72 5.2 69.2 5.1 70.1 68.7 68 64 60 1H/04 1H/05 1H/06 1H/07 1H/08

  7. Slide 7: Parent Airline Cost Composition

    THE PARENT AIRLINE COMPANY COST COMPOSITION – 1H FY08/09 Others 19.8% (-2.3% pts) Airport Handling Fuel 6.6% 44.5% (-0.6% pt) (+8.1% pts) AMO 6.6% (-1.2% pts) Aircraft Depreciation & Rentals Staff 10.1% (+0.1% pt) 12.4% (-4.1% pts)

  8. Slide 8: Parent Airline Fuel Expenditure

    THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – 1H FY08/09 ($ million) 4,000 3,500 -324 3,301 +1,569 3,000 +1,391 2,500 1,910 2,000 +146 Higher Higher Weaker 1,500 volume weighted US Dollar uplifted average fuel price 1,000 1H/07 Volume Price Exchange 1H/08

  9. Slide 9: The Group 1H FY2008-09 Results

    THE GROUP 1H FY2008-09 RESULTS

  10. Slide 10: Group Revenue

    GROUP REVENUE – 1H FY08/09 ($ million) ($ million) 9,000 8,511 8,000 7,589 Group 7,029 Revenue 7,000 6,395 12.1% 6,000 5,779 5,000 5-Year CAGR + 10.2% 4,000 3,000 1H/04 1H/05 1H/06 1H/07 1H/08

  11. Slide 11: Group Expenditure

    GROUP EXPENDITURE – 1H FY08/09 ($ million) ($ million) 9,000 7,936 8,000 Group Expenditure 7,000 6,496 6,607 20.1% 6,000 5,811 5,156 5,000 5-Year CAGR + 11.4% 4,000 3,000 1H/04 1H/05 1H/06 1H/07 1H/08

  12. Slide 12: Group Operating Profit

    GROUP OPERATING PROFIT – 1H FY08/09 ($ million) ($ million) 1,000 982 800 623 584 575 Operating 600 533 Profit 41.4% 400 200 0 1H/04 1H/05 1H/06 1H/07 1H/08

  13. Slide 13: Contribution to Group Operating Profit

    CONTRIBUTION TO GROUP OPERATING PROFIT – 1H FY08/09 % Others 3.1 SIA 100 2.5 SIAEC 9.8 36.6% 6.5 9.5 SATS 14.2 SATS Group 86.1 12.5% 79.6 SIA SIAEC 1.9 0 10.7% -13.2 1H/07 SIA Cargo 1H/08

  14. Slide 14: Group Net Profit

    GROUP NET PROFIT – 1H FY08/09 ($ million) 1,000 932 932 800 -407 - 250 +25 600 +132 689 400 Lower Higher share Lower operating of profits tax & Profit of associated others 200 companies 0 1H/07 Operating Associated Others 1H/08 Profit Companies

  15. Slide 15: Group Results

    GROUP RESULTS – 1H FY08/09 1H/08 1H/07 EBITDAR Per Share ($) 1.70 1.75 Earnings Per Share (¢) 57.6 74.7 Interim Dividend Per 20.0 20.0 Share (¢) At 30 Sep 08 At 31 Mar 08 Net Asset Value Per 12.26 12.77 Share ($)

  16. Slide 16: Looking Ahead

    LOOKING AHEAD

  17. Slide 17: Looking Ahead – 2H FY2008/09

    LOOKING AHEAD – 2H FY2008/09 „ Fleet Development „ Capital Expenditure „ Fuel Hedging Position „ Outlook

  18. Slide 18: Passenger Fleet Development – 2H FY2008/09

    PASSENGER FLEET DEVELOPMENT – 2H FY2008/09 No. of Aircraft Operating Fleet at 30 September 08 101 Aircraft Deliveries/(Disposals) „ Boeing B777-300ER 1 „ Airbus A330-300 4 „ Boeing B747-400 (2) Operating Fleet at 31 March 2009 104

  19. Slide 19: Group Capital Expenditure for Next 5 Years

    GROUP CAPITAL EXPENDITURE FOR NEXT 5 YEARS ($ million) FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 Aircraft 1,600 2,500 2,300 2,100 3,100 Other Assets 300 100 100 100 100 Total 1,900 2,600 2,400 2,200 3,200

  20. Slide 20: Group Fuel Hedging Position – FY2008/09

    GROUP FUEL HEDGING POSITION – FY2008/09 „ Budgeted Uplift Volume (M BBL) 36 „ Hedging Target (%) 45 +/- 15 „ Percentage Hedged (%) at 30 Oct 08 49.3 „ Avg Hedged Price (USD/BBL - Jet Fuel) 117 - 121

  21. Slide 21: Outlook

    OUTLOOK „ Global Financial Markets in Crisis „ Worsening Economic Outlook „ Fuel Prices Remain Volatile

Singapore Airlines Group — H1 FY2008-09 Earnings Presentation on 6ix