Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q1 2024 Earnings Presentation
22 slides from Jazeera Airways Co. (ksc)'s earnings presentation, May 1, 2024
Slide 1: 1Q24 Earnings Webcast
1Q24 Earnings Webcast 01 May 2024
Slide 2: Starting Shortly…
Starting Shortly…
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda CEO Introduction Operational & Financial Headlines Operational Performance Outlook for 1Q24 & 2024 Financial Review Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 1Q24 Operational Headlines
1Q24 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1Q24: 1,155 K 1Q24: 79.3% 1Q24: 11.6 hrs 1Q24: KWD37.4 1Q23: 1,108 K 1Q23: 82.1% 1Q23: 13.7 hrs 1Q23: KWD41.1 +4.2% -2.7% -15.1% -9.0%
Slide 7: 1Q24 Financial Headlines
1Q24 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 1Q24: KWD46.4 mn 1Q24: KWD1.3 mn 1Q24*: - KWD2.7 mn 1Q23: KWD48.3 mn 1Q23: KWD3.6 mn 1Q23: KWD2.3 mn -4.1% -64.6% -216.5% *Includes a one-off FX revaluation loss of KWD2.5 mn.
Slide 8: Ancillary Revenue
Ancillary Revenue CARGO ANCILLARY E-COMMERCE REVENUE REVENUE REVENUE 1Q24: KWD466 k 1Q24: KWD4.4 mn 1Q24: KWD9.3 mn 1Q23: KWD536 k 1Q23: KWD4.1 mn 1Q23: KWD8.9 mn -13.1% +9.2% +4.7%
Slide 9: Terminal 5 Performance
Terminal 5 Performance 1Q24 KWD3.1 mn KWD2.5 mn KWD2.3 mn Revenue EBITDA Net Profit 1Q23: KWD2.8 mn 1Q23: KWD2.2 mn 1Q23: KWD1.9 mn Retail occupancy: stability in retail offering with occupancy at + 95% of available space Capacity: T5 expansion pursued to increase footprint Duty free: growth of 6% i
Slide 10: Operational Performance
Operational Performance
Slide 11: 1Q24 Market Share & Passengers Distribution
1Q24 Market Share & Passengers Distribution PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC MARKET SHARE DISTRIBUTION – 1Q23 DISTRIBUTION – 1Q24 29.4% at KWI Egypt, Egypt, Other, Other, 15.6% 14.6% 16.8% 19.8% Europe, 29.9% Europe, 4.3% 5.9% Subcontinent, Subcontinent, 15.7% 20.0% 29.4% GCC, 42.7% GCC,
Slide 12: Operational Updates
Operational Updates Network Fuel Savers Club • Rebalancing of network to market • Fuel prices slightly lower than • Launched in December 2023 conditions. 1Q23. with the aim of increasing passenger loyalty. • Nimble capacity alignments to • Hedge renewals to normalize match supply and demand. fuel in
Slide 13: Route network map
9 Moscow Samarkand {e) Bishkek Tashkent {e} Namangan Osh Di yy) Jazeera. ae) Kathmandu phi.
Slide 14: Outlook
Outlook
Slide 15: Outlook for 2Q24 and FY2024
Outlook for 2Q24 and FY2024 Operating Performance Travel Outlook • Expect stronger momentum from Family Visa in 2Q and • Yields will normalize at current levels with capacity from Non- 3Q24. Kuwaiti Carriers. • Jet fuel and crack spread have marginally subsided but • Nimble rebalancing of capacity a
Slide 16: Financial Review
Financial Review
Slide 17: 1Q23 Vs 1Q24 Key Parameters
1Q23 Vs 1Q24 Key Parameters 1Q23 Vs 1Q24 Operating Parameters 1Q23 1Q24 CHANGE KWD 1Q23 1Q24 CHANGE Average Aircraft 20 23.0 15.3% Revenue 48,326,771 46,359,630 -4.1% Destination Cities 51 50 -2.0% Operating Expenses -44,699,386 -45,076,966 0.8% Revenue Drivers 1Q23 1Q24 CHANGE Operating Profit 3,62
Slide 18: 1Q24 Financial Performance
1Q24 Financial Performance • Revenue decreased because of lower yield and seat factor coupled with the impact of 10 days of Ramadan shifting into 1Q24. • Operating costs were in line with 1Q23 as total block hours remained flat but with an increase of 8% in number of sectors. • One-off foreign excha
Slide 19: 1Q24 Key Performance Metrics
1Q24 Key Performance Metrics BRENT Swap Vs. SINGJET Swap (USD/BBL) Quarterly Yield (KWD) 175 112.8 107.0 107.6 102.4 SINGJET Swap 101 91.6 88 92 BRENT Swap 75 68 62 55.5 48 48 41 45 41 82.2 85.8 82.9 81.8 34 40 32 37 77.9 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q2
Slide 20: Q&A
Q&A
Slide 21: Contact
Contact For more information please contact: Investor Relations investorrelations@jazeeraairways.com Krishnan Balakrishnan Chief Financial Officer krishnan.balakrishnan@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reuters: JAZK.KW Stay up to dat
Slide 22: Thank You
-ayjaul Jazeefa. "1 —~