Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — Q1 FY2011-12 Earnings Presentation

9 slides from Singapore Airlines's earnings presentation, Jun 30, 2011

  1. Slide 1: SIA Group Financial Results for FY2011-12, Q1 ended 30 June 2011

    SIA GROUP FINANCIAL RESULTS For FY2011-12 Ended 30 June 2011 197200078R PARENT AIRLINE COMPANY Q1 FY2011-2012 Results 197200078R

  2. Slide 2: Parent Airline Company Q1 2011-12

    PARENT AIRLINE COMPANY Q1 2011-12 Q1 Q1 Better/ Better/ 2011-12 2010-11 (Worse) (Worse) ($M) % Total Revenue ($ M) 2,902.4 2,776.1 126.3 4.5 Total Expenditure ($ M) 2,938.0 2,640.2 (297.8) (11.3) -- Fuel cost 1,214.3 874.8 (339.5) (38.8) -- Fuel hedging (gain)/loss (9.7) 63.9 73.6 n.m. -- Non-fuel e

  3. Slide 3: Parent Airline Company Q1 2011-12 yield, unit cost and load factor

    PARENT AIRLINE COMPANY Q1 2011-12 Q1 Q1 Change 2011-12 2010-11 % Pax Yield – include fuel 11.8 11.7 +0.9 surcharge (¢/pkm) Passenger Unit Cost 9.2 9.0 +2.2 (¢/ask) Passenger Breakeven Load 78.0 76.9 +1.1 pts Factor (%) Slide 5 PARENT AIRLINE COMPANY Q1 2011-12 Q1 Q1 2011-12 2010-11 Change Passenger

  4. Slide 4: Passenger Load Factor vs Breakeven Load Factor; Cost Composition

    PARENT AIRLINE COMPANY Q1 2011-12 Passenger Load Factor vs Breakeven Load Factor Breakeven Load Factor % Passenger Load Factor 92 88.8 88 84 79.7 80 78.0 79.6 75.5 76 75.2 75.6 72 71.1 0 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2009-10 2010-11 2011-12 Slide 7 PARENT AIRLINE COMPANY Q1 2011-12 Cost Composition Others

  5. Slide 5: Top Expenditure Breakdown

    PARENT AIRLINE COMPANY Q1 2011-12 Top 5 Expenditure Breakdown Fuel After 1,204.6 (+265.9 or Hedging 938.7 +28.3%) Aircraft Depr. & 458.8 (+7.1 or +1.6%) Lease Rentals 451.7 Staff 353.4 (-14.3 or -3.9%) 367.7 Q1 2010-11 Q1 2011-12 Handling Charges 200.5 (+2.3 or +1.2%) 198.2 Passenger Costs 138.8 (+2

  6. Slide 6: Composition of Increase in Fuel Cost (After Hedging)

    PARENT AIRLINE COMPANY Q1 2011-12 Composition of Increase in Fuel Cost $M (After Hedging) 1,400 -143.5 +50.3 +432.7 1,300 Higher volume 1,214.3 1,200 uplifted Weakening of Fuel cost USD against SGD 1,204.6 increase 1,100 (9.7 hedging after 938.7 (63.9 gain) hedging 1,000 hedging loss) +265.9 (+28.3%

  7. Slide 7: SIA Group Revenue and Expenditure

    SIA GROUP Q1 2011-12 Group Revenue $M 4,500 4,131.7 Q1 2011-12 vs 4,000 Q1 2010-11 3,622.1 3,465.8 3,577.6 111.8M 3,500 (+3.2%) 3,000 2,871.4 2,500 2,000 1,500 0 1Q07/08 1Q08/09 1Q09/10 1Q10/11 1Q11/12 Slide 13 SIA GROUP Q1 2011-12 Group Expenditure $M 4,500 Q1 2011-12 vs 4,000 3,788.5 Q1 2010-11 3,

  8. Slide 8: Group Operating Profit

    SIA GROUP Q1 2011-12 Group Operating Profit $M % 12.8 600 12.0 Operating 400 8.3 Profit 7.2 8.0 $239.5M 200 4.0 (-95.6%) -319.3 11.0 0 0.0 463.3 343.2 250.5 0.3 Operating -200 -4.0 Profit Margin -400 -6.9% pts -8.0 -11.1 -600 -12.0 1Q07/08 1Q08/09 1Q09/10 1Q10/11 1Q11/12 Slide 15 SIA GROUP Q1 2011-1

  9. Slide 9: Group Net Profit

    SIA GROUP Q1 2011-12 Group Net Profit $M 500 424.1 400 358.6 Q1 2011-12 vs 300 252.5 Q1 2010-11 200 207.8M (-82.3%) 100 44.7 0 -100 -200 -300 -307.1 -400 1Q07/08 1Q08/09 1Q09/10 1Q10/11 1Q11/12 Slide 17

Singapore Airlines — Q1 FY2011-12 Earnings Presentation on 6ix