Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — FY2012/13 Earnings Presentation
13 slides from Singapore Airlines's earnings presentation, May 16, 2013
Slide 1: SIA 76th Business Meeting FY2012-13 Results
SIA 76th BUSINESS MEETING FY2012-13 RESULTS 16 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS
Slide 2: The Parent Airline Company Results – FY2012/13
THE PARENT AIRLINE COMPANY RESULTS – FY2012/13 Better/ Better/ 4Q/12 (Worse) 2012/13 (Worse) $million $million $million $million Total Revenue 2,999 (17) 12,387 317 Total Expenditure 3,068 (42) 12,200 (311) - Fuel Cost 1,233 18 4,979 (90) - Fuel Hedging Gain (20) - (28) 8 - Ex-fuel Cost 1,855 (60) 7
Slide 3: Operating Performance – FY2012/13
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – FY2012/13 % % 4Q/12 Change 2012/13 Change Passenger Yield 11.2 -4.3 11.4 -3.4 (¢/pkm) Passenger Unit Cost 9.4 - 9.2 - (¢/ask) Passenger Breakeven 83.9 +3.6 pts 80.7 +2.7 pts Load Factor (%) Slide 5 THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Pa
Slide 4: Operating Performance: Passenger and Breakeven Load Factor
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor Breakeven Load Factor (%) 84 82.7 80.7 80 78.5 78.4 78.0 79.3 76.5 76 77.4 74.8 72 73.6 68 64 0 08/09 09/10 10/11 11/12 12/13 Slide 7 THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor Breakeven Load Factor (%
Slide 5: Passenger Yield and Fuel Price Trend
THE PARENT AIRLINE COMPANY - PASSENGER YIELD Monthly Pax Yields (Including Fuel Surcharge) ¢/pkm 2009-10 2011-12 2012-13 14 13 12 11.6 11.6 11.4 11 11.2 11.3 10 10.4 0 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Slide 9 THE PARENT AIRLINE COMPANY FUEL PRICE AND EXPENDITURE - TREND Fuel Price Bef
Slide 6: Cost Composition – FY2012/13
THE PARENT AIRLINE COMPANY COST COMPOSITION – FY2012/13 Others 19.8% Fuel 40.6% Passenger Costs (-0.3% pt) 5.4% (+0.4% pt) Handling Costs 7.1% (+0.1% pt) Aircraft Depreciation Staff Costs & Rentals 13.2% 13.9% (-0.8% pt) (+0.6 +0.6% pt) Slide 11 THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE – FY2012/
Slide 7: Fuel Expenditure – FY12/13
THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – FY12/13 ($ million) 5,250 +222 4,951 5,000 (+82) 4,869 -73 -59 -8 4,750 Higher Lower Weaker Higher 4,500 volume weighted US Dollar hedging uplifted average gain fuel price 4,250 4,000 FY11/12 Volume Price Exchange Hedging FY12/13 Slide 13 THE GROUP FY201
Slide 8: Group Revenue and Expenditure – FY2012/13
GROUP REVENUE – FY2012/13 ($ million) Half Full Year Year 16,500 Revenue 15,997 16,000 $15,098M $7,097M 15,500 15,098 Year-on-Year 15,000 14,858 14,525 $240M 14,500 +1.6% 14,000 13,500 13,000 12,707 12,500 0 08/09 09/10 10/11 11/12 12/13 Slide 15 GROUP EXPENDITURE – FY2012/13 ($ million) Half Full Y
Slide 9: Group Operating Profit – FY2012/13
GROUP OPERATING PROFIT – FY2012/13 ($ million) Half Full Year Year 2,000 Op Revenue Profit $7,097M $229M 1,500 1,271 Year-on-Year $57M 904 -19.9% 1,000 500 286 229 63 0 08/09 09/10 10/11 11/12 12/13 Slide 17 GROUP OPERATING PROFIT – FY2012/13 2011/12 2012/13 ($ million) 200 157 150 131 123 100 72 70
Slide 10: Contribution to Group Operating Profit
GROUP OPERATING PROFIT – FY2012/13 2011/12 2012/13 ($ million) 200 157 150 -26 123 131 -16.6% 100 -53 72 70 -43.1% 50 +61 (n.m) 11 0 -5 -39 (n.m.) -50 -44 Q1 Q2 Q3 Q4 Slide 19 CONTRIBUTION TO GROUP OPERATING PROFIT – FY2012/13 ($ million) 2012/13 2011/12 Change % Change Singapore Airlines 187 181 +
Slide 11: Group Net Profit – FY2012/13
GROUP NET PROFIT – FY2012/13 ($ million) Half Full Year Year 1,500 Net Revenue Profit $7,097M $379M 1,250 1,062 1,092 Year-on-Year 1,000 $43M +12.8% 750 500 379 336 216 250 0 08/09 09/10 10/11 11/12 12/13 Slide 21 GROUP NET PROFIT – FY2012/13 $M 450 Gain on Higher aircraft exceptional 379 400 dispos
Slide 12: Dividends – FY2012/13
DIVIDENDS – FY2012/13 2012/13 2011/12 Earnings Per Share (¢) 32.2 28.3 Interim Dividend Per Share (¢) 6.0 10.0 Proposed Final Dividend Per 17.0 10.0 Share (¢) Total Ordinary Dividend Per 23.0 20.0 Share (¢) Slide 23 OUTLOOK
Slide 13: Outlook
OUTLOOK • Sluggish recovery in United States • Europe debt crisis • High fuel prices • Strong Competition Slide 25 Thank You