Aeroflot · RUS:AFLT
Aeroflot — Q2 2024 Earnings Presentation
27 slides from Aeroflot's earnings presentation, Aug 29, 2024
Slide 1: Aeroflot Group Q2 & 6M 2024 IFRS Results
Aeroflot Group Q2 & 6M 2024 IFRS Results 1 August 29th, 2024
Slide 2: Disclaimer
Q3 & 9M 2023 IFRS Results | Market Update Q2 &and 6M Operating 2024 IFRS Results 2 Disclaimer This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following. This document
Slide 3: Aeroflot Group 6M 2024 Key Highlights
Q2 & 6M 2024 IFRS Results | Key Highlights 3 Aeroflot Group 6M 2024 Key Highlights Aeroflot Group continues to improve operating and financial results Strong PAX growth New levels of domestic market High passenger load factor +21.4% 23.6% 76.4% +15.5% 19.4 +2.6 p. p. vs. 6M 23 International Domestic
Slide 4: Market Update and Operating Results
Market Update and Operating Results
Slide 5: Russian Air Transportation Market
Q2 & 6M 2024 IFRS Results | Market Update and Operating Results 5 Russian Air Transportation Market 42.7% Russian Air Transportation Market Share, 6M 2024, % Russian Air Transportation Market vs Aeroflot Group, Aeroflot Group million PAX, incl. PAX of Russian and foreign carriers and intl. transit P
Slide 6: Russian Air Transportation Market vs Aeroflot Group Dynamics
Q2 & 6M 2024 IFRS Results | Market Update and Operating Results 6 Russian Air Transportation Market vs Aeroflot Group Dynamics Aeroflot Group is the Domestic routes, million PAX International routes, million PAX incl. PAX of Russian and foreign carriers and intl. transit PAX key drive of market grow
Slide 7: Passenger traffic & PLF growth
Q2 & 6M 2024 IFRS Results | Market Update and Operating Results 7 Passenger traffic & PLF growth Monthly passenger traffic outperforming last year figures High passenger load factor million PAX 25.4 million +21.4% 88.3% +2.6 p.p. PAX 6M 24 vs. 6M 23 6M 24 vs. 6M 23 5.8 88.9% 89.8% 89.2% 89.0% 89.3%
Slide 8: Domestic segment International segment
Q2 & 6M 2024 IFRS Results | Market Update and Operating Results 8 Domestic segment International segment Passenger traffic Passenger load factor Passenger traffic Passenger load factor 19.4 million PAX 90.1% 6.0 million PAX 85.4% +15.5% vs. 6M 2023 +2.2 p.p. vs. 6M 2023 +45.8% vs. 6M 2023 +4.4 p.p.
Slide 9: Airlines of Aeroflot Group – traffic dynamics
Q2 & 6M 2024 IFRS Results | Market Update and Operating Results 9 Airlines of Aeroflot Group – traffic dynamics y-o-y dynamics % Aeroflot Group passenger traffic structure 6M 24 Premium product Simplified product line Basic-level product • Classes: business, • Economy class 55.0% 26.2% • Classes: bu
Slide 10: Network and Schedule Overview
Network and Schedule Overview
Slide 11: Capacity Growth
Q2 & 6M 2024 IFRS Results | Network 11 Capacity Growth 6M 2024 Key Highlights 270 routes of the Group’s airlines Aeroflot Group Available Seats, million y-o-y dynamics 10.5% 21.6% 12.3% 63 cities in Russia 13.7% 23.5% 15.2% 13.3% 35.0% 18.1% 12.4% 44.7% 18.2% Frequency growth in key 5.9 6.3 destinat
Slide 12: Continued growth in the Regions
Q2 & 6M 2024 IFRS Results | Network 12 Continued growth in the Regions Novy Urengoy Yakutsk Surgut Khanty-Mansiysk Mirny Krasnoyarsk hub Tyumen Irkutsk Magadan Direct international flights Vladivostok Ekaterinburg Kazan Krasnoyarsk Novosibirsk Neryungri from Russian regions Mineralnye Vody Irkutsk C
Slide 13: International Markets Growth
Q2 & 6M 2024 IFRS Results | Network 13 International Markets Growth 6M 2024 key highlights Aeroflot Group international flights geography1 International flight programme on available to Russian Airlines Azerbaijan Egypt Kyrgyzstan Maldives Turkey Armenia India China UAE Uzbekistan Increasing frequen
Slide 14: Scheduled Revenue Units
Q2 & 6M 2024 IFRS Results | Network 14 Scheduled Revenue Units Positive macroeconomic environment supports scheduled yield growth and the record high passenger load factor Scheduled Yield (RUB/RPK) Scheduled RASK (RUB/ASK) Segment y-o-y dynamics, % y-o-y dynamics, % 5.84 6.12 5.77 6.04 5.18 5.14 4.6
Slide 15: Fleet Overview
Fleet Overview
Slide 16: Fleet Overview
Q2 & 6M 2024 IFRS Results Q2 &| 6M Market 2024Update IFRS Results and Operating | Fleet Overview Results 16 Fleet Overview number of aircraft as at the end of reporting period Wide-body (long-haul) 59 A-330 12 A-350 7 B-777 32 B-747 8 349 aircraft 83 aircraft 185 aircraft Legally settled with deregi
Slide 17: Financial performance
Financial performance AEROFLOTZ7
Slide 18: Key Financial Highlights
Q2 & 6M 2024 IFRS Results | Financial performance 18 Key Financial Highlights Lease obligations FX revaluation2, Q2 23 Q2 24 Change Indicator (million RUB) 6M 23 6M 24 Change RUB billion 25.9 15.1 139,697 203,629 45.8% Revenue 252,176 377,215 49.6% -60.9 -102.4 129,835 191,438 47.4% PAX traffic reve
Slide 19: Revenue Dynamics
Q2 & 6M Q22024 & 6MIFRS 2024 Results IFRS Results | Financial | Key performance Highlights 19 Revenue Dynamics Revenues are growing due to improved operating performance and increased transportation in the scheduled segment. Revenue by Key Factors, RUB million Revenue by Business Segments, RUB milli
Slide 20: Operating Costs
Q2 & 6M 2024 IFRS Results | Financial performance 20 Operating Costs Q2 2023 Q2 2024 Change Indicator (million RUB) 6M 2023 6M 2024 Change OPEX structure 6M 20242 47,573 73,853 55.2% Fuel 90,047 139,666 55.1% 18.9% 16.1% 89,762 91,388 1.8% OPEX (ex. Fuel) 165,060 168,366 2.0% Aircraft & D&A passenge
Slide 21: Unit Costs Dynamics
Q2 & 6M 2024 IFRS Results | Financial performance 21 Unit Costs Dynamics Unit Costs Dynamics 1.40 1.78 27.6% Fuel 1.44 1.80 24.6% 2.64 2.21 -16.3% CASK (ex. Fuel): 2.65 2.17 -18.0% 0.76 0.85 11.8% Aircraft and passenger servicing 0.78 0.86 10.6% Operating costs per ASK declined by 3.0% 0.98 0.68 -30
Slide 22: Fuel Costs Management
Q2 & 6M 2024 IFRS Results | Financial performance 22 Fuel Costs Management Fuel price, Aeroflot Airlines, RUB thousand / tonne Fuel damper Fuel price, monthly Fuel volume, Aeroflot, thousand (right hand scale) 2021 2022 2023 2024 Cut-off price, RUB thousand / tonne 90.0 84.4 FAS export price, RUB th
Slide 23: Leverage and Liquidity
Q2 & 6M 2024 IFRS Results | Financial performance 23 Leverage and Liquidity In July 2024, Rating agency ACRA assigned Aeroflot with AA(RU) credit rating stable outlook. AA(RU) ruAA Debt Profile*, Liquidity 24.6% RUB billion 31-Dec-23 30-June-24 Change, % 282.0 226.4 Borrowings1 104.4 78.7 -24.6% 164
Slide 24: Appendix
Appendix
Slide 25: Operating indicators: Aeroflot Airlines and Aeroflot Group
Q2 &Q2 6M&2024 6M 2024 IFRS Results IFRS Results | Key |Highlights Appendix 25 Indicator Aeroflot Airlines Aeroflot Group Q2 2024 YoY 6M 2024 YoY Q2 2024 YoY 6M 2024 YoY Passenger Traffic PAX thousand 7,572 24.6% 13,974 28.0% 13,892 21.2% 25,415 21.4% international routes PAX thousand 2,132 28.5% 4,
Slide 26: Aeroflot Group Blended Flights Revenue Units
Q2 & 6M 2024 IFRS Results | Appendix 26 Aeroflot Group Blended Flights Revenue Units Yield, (RUB/RPK) RASK, (RUB/ASK) Segment y-o-y dynamics, % y-o-y dynamics, % 5.80 6.07 5.72 6.00 5.17 5.12 4.59 4.63 International 4.7% 4.9% 12.5% 10.5% 3.96 4.81 3.79 4.66 4.33 4.20 3.48 3.33 Domestic 21.4% 23.2% 2
Slide 27: Contacts
Contacts +7 (495) 258-06-86 ir@aeroflot.ru