Jazeera Airways Co. (KSC) · KSE:JAZEERA
Jazeera Airways Co. (KSC) — Jazeera Airways — Q1 2019 Earnings Presentation
22 slides from Jazeera Airways Co. (KSC)'s earnings presentation, Apr 24, 2019
Slide 1: 1Q19 Earnings Conference Call
1Q19 Earnings Conference Call April 24, 2019
Slide 2: Starting shortly
1Q19 Earnings Conference Call 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 Headline Results Operational Highlights Outlook for Rest of 2019 Financial Review Q&A
Slide 5: Headline Results
Headline Results
Slide 6: Headline Results: Operational Highlights
Headline Results 1Q19 Operational Highlights Passengers Load Factor Utilization Yield +31.2% -0.2% +16.6% +6.8% 1Q19: 529.6 k 1Q19: 75.6% 1Q19: 13.8 hrs 1Q19: KWD37.8 1Q18: 403.8 k 1Q18: 75.8% 1Q18: 11.8 hrs 1Q18: KWD35.4
Slide 7: Headline Results: Financial Highlights
Headline Results 1Q19 Financial Highlights Operational Revenue Operational Profit Net Profit KWD21.3 mn KWD2.4 mn KWD1.5 mn 1Q18: KWD14.3 mn 1Q18: Loss of KWD459.3 k 1Q18: Loss of KWD321.9 k Difference: 48.4% Improvement: KWD 2.9 mn Improvement: KWD1.9 mn
Slide 8: Headline Results: Commercial Highlights
Headline Results 1Q19 Commercial Highlights E-Commerce Sales Ancillary Revenue +17.1% Vs. 1Q18 +33.1% Vs. 1Q18
Slide 9: Operational Highlights
Operational Highlights
Slide 10: Jazeera Terminal T5
Jazeera Terminal T5 1Q19 Net Profit: First quarter Updates KWD96.4 k of profitability 529.6 k 264.8 k Introduced 13% New passengers restaurants departing self-check- transit flew from and stores passenger in kiosks passengers T5 opened
Slide 11: Network Market Shares
Network Market Shares 100% 5% 58% 45% 9 aircraft up from 8 in 1Q18 45% 52% Destinations 35% launched In 27% 21% 13% 24% 11% Pre- 2018 10% 2018 44% ** 31% 19% 44% Tbilisi 22% Lahore Medinah 67% Ahmedabad 26% 88% Kochi Mumbai New Delhi 21% ** Medinah is operated on a seasonal basis
Slide 12: Where Passengers Fly
Where Passengers Fly Passengers Geographic Distribution Passengers Geographic Distribution 1Q18 1Q19 Other Indian Other 2.8% Subcontinent 3.7% Indian 11.0% Subcontinent 20.1% Egypt Egypt 28.1% 31.4% GCC 38.2% Levant 5.2% Levant GCC East Europe 38.0% 10.9% East Europe 4.8% 5.6%
Slide 13: Outlook for the Rest of 2019
Outlook for the Rest of 2019
Slide 14: 2019 Expansions
2019 Expansions New Aircraft Facilities Destinations Additions Expansion London Three new A320neo Further expansion of Bodrum services at Terminal 5 Istanbul Sabiha Two short-term leases of Kathmandu A320ceo (One dry lease Dhaka and another wet lease) Karachi A320neo operational benefits: • Signific
Slide 15: Financial Review
Financial Review
Slide 16: Key Parameters 1Q19
Key Parameters 1Q19 Operating Parameters 1Q18 1Q19 CHANGE Major reasons for favorable Average Aircraft 8.0 9.0 12.5% variances Vs 1Q18 Destination Cities 21 24 14.3% • Yield increase impact of Revenue Drivers 1Q18 1Q19 CHANGE KWD1.5 mn Seats 532,516 700,777 31.6% Passengers 403,763 529,640 31.2% • A
Slide 17: Financial Position
Financial Position 1Q18 1Q19 CHANGE YIELD BY QUARTER (KWD) 49 Operating Revenue 14,340,715 21,288,224 48.4% 49 45 41 40 37 35 Operating Expenses 14,799,993 18,905,804 27.7% 43 38 36 34 38 Operating Profit -459,278 2,382,470 - Net Profit -321,895 1,468,662 - 3Q16 3Q18 2Q16 3Q17 2Q18 1Q18 1Q16 2Q17 1Q
Slide 18: Fuel Prices
Fuel Prices BRENT Swap Vs. SINGJET Swap BRENT Swap (USD/BBL) SINGJET Swap Fuel as Percent of Revenue
Slide 19: Balance Sheet Analysis 1Q19
Balance Sheet Analysis 1Q19 Current assets (cash and bank) have increased by ~KWD5 million mainly driven by: • Operating cash profits from airline and Terminal 5 generated ~KWD2 million • Terminal 5 cash contribution (EBITDA) stood at ~KWD356.3 k • Trade payables increased by ~KWD2 million (primaril
Slide 20: Q&A
Q&A
Slide 21: Key Contacts
Key Contacts For more information please contact Krishnan Balakrishnan VP Finance krishnan.balakrishnan@jazeeraairways.com Mostafa El-Maghraby Head of Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reuters: JAZ
Slide 22: Thank you
Thank you m @.> a,