Norwegian Air Shuttle Asa · OSL:NAS
Norwegian Air Shuttle Asa — Investor Presentation (March 2024)
12 slides from Norwegian Air Shuttle Asa's investor presentation, March 2024
Slide 1: Norwegian Air Shuttle (NAS) Investor Presentation March 2024
Norwegian Air Shuttle (NAS) Investor Presentation March 2024
Slide 2: Norwegian today
norwegian >< Norwegian today
Slide 3: Highlights
Highlights 2023 operating result (EBIT) NOK 2,232 million Number of passengers – operating margin 9% – highest ever EBIT and EBIT-margin – Q4 EBIT NOK 328 million in low-season 20.6 million – liquidity position NOK 9.5 billion – positive quarterly cash flow – 2023 dividend provision of NOK 0.60 per
Slide 4: Reduced winter capacity supporting unit revenue
Reduced winter capacity supporting unit revenue 100 .0% 95. 0% Traffic – PAX per month, load factor and yield Seasonally lower demand 3,5 00 90. 0% 85.3% 86.2% 85.9% 83.8% 84.1% 83.6% 1.0 0 – reducing capacity to match demand 82.4% 83.1% 85. 0% 3,0 00 during winter 0.90 0.91 80. 0% 77.7% 0.87 0.87 0
Slide 5: Booking momentum into peak season
Booking momentum into peak season Strong booking momentum through Q1 Normalisation of booking curve 7-day rolling sales figures (abs) – All markets1) Booked Revenue – March to July travel2) 10, 000,00 0,000 9,0 00,000 ,000 500 ,000 8,0 00,000 ,000 7,0 00,000 ,000 400 ,000 6,0 00,000 ,000 300 ,000 5,
Slide 6: The way forward
norwegian >< The way forward
Slide 7: Key cost initiatives for 2024 and beyond
Key cost initiatives for 2024 and beyond Operations Base structure and placement of aircraft On-time performance and regularity – continuously pushing improvements Ground handling and airports – new handling agreements at improved terms and negotiations to improve airport charges Heavy engine mainte
Slide 8: Widerøe – acquisition of highly complementary airline
Widerøe – acquisition of highly complementary airline Widerøe transaction completed in January Offering travellers access to more destinations, Major operator of public service operation (PSO) routes with better connectivity and seamless end-to-end travel – fleet comprising 48 aircraft – 45 turbopro
Slide 9: Securing modern fleet for the long-term
Securing modern fleet for the long-term Securing fleet for summer 2024 Fleet increasing to appr. 90 aircraft for summer season 100 Potentially additional delivery delays from Boeing 10 30 – currently evaluating extensions and other mitigating initiatives Receiving compensation for aircraft delivery
Slide 10: Outlook
Outlook FY 2024 Q1 Q2 Q3 Q4 Capacity growth1) c. 12% c. 2% c. 19% c. 10% c. 16% FY 2023 FY 2024 Operating profit (EBIT)2) NOK 2.5 – 3.2 billion (excl. Widerøe) $ Unit cost (NOK) excl. fuel2) Flat vs. 2023 1) Available seat kilometres (ASK) vs. same period last year 2) Assuming current market rates f
Slide 11: norwegian x<
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Slide 12: Disclaimer
Disclaimer Certain statements included in this presentation contain forward-looking statements, such as statements of future expectations. Although the statements provided are based on the best reasonable assumptions of management of Norwegian Air Shuttle ASA (“Norwegian”), the statements are based
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