Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q3 FY2009-10 Earnings Presentation
11 slides from Singapore Airlines's earnings presentation, Feb 2, 2010
Slide 1: Singapore Airlines Group 3rd Quarter FY2009-10 Results
SINGAPORE AIRLINES GROUP 3rd Quarter FY2009-10 Results 2 February 2010 197200078R PARENT AIRLINE COMPANY Q3 FY2009-10 RESULTS 197200078R
Slide 2: Parent Airline Company Q3 2009-10
PARENT AIRLINE COMPANY Q3 2009-10 Q3 Q3 Better/ 2009-10 2008-09 (Worse) % Total Revenue ($ M) 2,787.0 3,413.1 (18.3) Total Expenditure ($ M) 2,556.0 3,098.9 17.5 -- Fuel cost 815.0 1,093.9 25.5 -- Fuel hedging loss 43.8 283.1 84.5 -- Non-fuel expenditure 1,697.2 1,721.9 1.4 Operating Profit ($ M) 23
Slide 3: Parent Airline Company Q3 2009-10 Traffic and Yield
PARENT AIRLINE COMPANY Q3 2009-10 Q3 Q3 Change 2009-10 2008-09 % Available Seat-KM (M) 26,814.0 29,671.3 (9.6) Revenue Passenger-KM (M) 22,108.1 23,296.7 (5.1) Passenger Load Factor (%) 82.4 78.5 3.9 pts Slide 3 PARENT AIRLINE COMPANY Q3 2009-10 Q3 Q3 Change 2009-10 2008-09 % Pax Yield - include fue
Slide 4: Revenue Passenger-KM and Monthly Passenger Load Factor
PARENT AIRLINE COMPANY Q3 2009-10 Revenue Passenger-KM (% change year-on-year) % change 2008-09 2009-10 10 5 0 -5 -6.9% -5.1% -4.3% -10 -6.0% -15 -20 -25 -22.8% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2008-09 2009-10 Slide 5 PARENT AIRLINE COMPANY Q3 2009-10 Monthly Passenger Load Factor 200
Slide 5: Cost Composition and Fuel Cost Decrease
PARENT AIRLINE COMPANY Q3 2009-10 Cost Composition Others 22.2% (+4.5 pts) Fuel 33.6% (-10.8 pts) Passenger Costs 5.7% (+0.9 pt) Handling Charges 7.9% (+1.2 pts) Aircraft Depreciation & Staff Lease Rentals 13.0% (+0.6 pt) 17.6% (+3.6 pts) Slide 7 PARENT AIRLINE COMPANY Q3 2009-10 Composition of Fuel
Slide 6: Fuel Cost After Hedging; The Group Q3 FY2009-10 Results
PARENT AIRLINE COMPANY Q3 2009-10 Composition of Fuel Decrease in Fuel Cost $M (After Hedging) 1,400 1,377.0 Fuel Hedging Loss lower (+283.1) fuel cost 1,200 (-278.9) & lower -135.6 fuel 1,093.9 hedging 1,000 loss -96.8 (-239.3) Lower weighted -46.5 average Lower 858.8 800 fuel price volume Weakenin
Slide 7: SIA Group Revenue
SIA GROUP Q3 2009-10 Group Revenue 2008-09 2009-10 $M 4,500 4,000 3,500 3,418.0 3,321.3 3,082.1 +335.9 3,000 2,871.4 2,500 Q4 Q1 Q2 Q3 Slide 10 SIA GROUP Q3 2009-10 Group Revenue 2007-08 2008-09 2009-10 $M 4,500 Q3 FY09-10 4,000 Yr-on-Yr -746.0 -17.9% 3,500 3,418.0 3,321.3 3,082.1 3,000 2,871.4 2,50
Slide 8: SIA Group Expenditure
SIA GROUP Q3 2009-10 Group Expenditure 2008-09 2009-10 $M 4,500 4,000 3,500 3,349.3 3,263.5 3,190.7 3,095.1 -168.4 3,000 2,500 Q4 Q1 Q2 Q3 Slide 12 SIA GROUP Q3 2009-10 Group Expenditure 2007-08 2008-09 2009-10 $M 4,500 Q3 FY09-10 4,000 Yr-on-Yr -18.7% 3,500 3,349.3 -712.2 3,263.5 3,190.7 3,095.1 3,
Slide 9: SIA Group Operating Profit/(Loss)
SIA GROUP Q3 2009-10 Group Operating Profit/(Loss) 2008-09 2009-10 $M 500 400 300 200 100 +504.3 0 322.9 -28.0 -100 -200 -181.4 -300 -319.3 -400 Slide 14 Q4 Q1 Q2 Q3 SIA GROUP Q3 2009-10 Group Operating Profit/(Loss) 2007-08 2008-09 2009-10 $M 500 400 300 -33.8 Q3 FY09-10 Yr-on-Yr 200 -9.5% 100 0 32
Slide 10: Operating Profit by Company; Profit Attributable to Shareholders
SIA GROUP Q3 2009-10 Group Operating Profit/(Loss) Q3 2009-10 Q3 2008-09 Better/ ($ M) ($ M) (Worse) ($ M) SIA 231.0 314.2 (83.2) SATS* - 43.4 (43.4) SIAEC 21.8 29.4 (7.6) SIA Cargo 40.1 (46.2) 86.3 SilkAir 23.0 12.0 11.0 Others 7.0 3.9 3.1 Group Total 322.9 356.7 (33.8) * SATS was divested from the
Slide 11: Profit/(Loss) Attributable to Shareholders
SIA GROUP Q3 2009-10 Group Profit/(Loss) Attributable to Shareholders 2007-08 2008-09 2009-10 $M 600 403.7 400 Q3 FY09-10 +66.5 Yr-on-Yr 200 +19.7% 41.9 0 9M FY09-10 -$62.2m -200 -158.8 -307.1 -400 Q4 Q1 Q2 Q3 Slide 18
Singapore Airlines — Q3 FY2009-10 Earnings Presentation on 6ix