Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — H1 FY2009-10 Earnings Presentation

13 slides from Singapore Airlines's earnings presentation, Nov 11, 2009

  1. Slide 1: Analysts / Media Briefing: Half Year and 2nd Quarter FY2009-10 Results

    SINGAPORE AIRLINES GROUP ANALYSTS / MEDIA BRIEFING Half Year and 2nd Quarter FY2009-10 RESULTS 11 NOVEMBER 2009 THE PARENT AIRLINE 1H FY2009-10 RESULTS

  2. Slide 2: The Parent Airline Company Results – 2Q & 1H FY09/10

    THE PARENT AIRLINE COMPANY RESULTS – 2Q & 1H FY09/10 ($ million) 2Q/09 % Change 1H/09 % Change Total Revenue 2,451.5 - 32.0 4,673.3 - 32.8 Total Expenditure (2,608.6) - 22.7 (5,101.8) - 21.0 - Fuel Cost (796.3) - 54.3 (1,427.3) - 56.8 - Fuel Hedging (Loss)/Gain (164.0) n.m. (400.1) n.m. - Ex-fuel Co

  3. Slide 3: The Parent Airline Company Operating Performance – 2Q & 1H FY09/10

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 2Q & 1H FY09/10 1Q/09 2Q/09 1H/09 % Change Passenger Yield 10.2 9.8 10.0 - 20.6 (¢/pkm) pkm) Passenger Unit 8.6 8.7 8.6 - 5.5 Cost (¢ (¢/ask) Passenger 84.3 88.8 86.0 + 13.8 pts Breakeven Load Factor (%) Slide 5 THE PARENT AIRLINE COMPANY OPERATING

  4. Slide 4: Passenger-km and Passenger Load Factor

    THE PARENT AIRLINE COMPANY PASSENGER-KM (%) Year-on-Year Change in PKM 10 5 6.3 0 -5 -10 -11.8 -15 -20 -25 -19.6 -30 1Q/PY 2Q/PY 3Q/PY 4Q/PY 1Q/CY 2Q/CY Slide 7 THE PARENT AIRLINE COMPANY PASSENGER LOAD FACTOR (%) Passenger Load Factor 82 79.6 80 78 76 76.7 74 72 70 71.6 0 1Q/PY 2Q/PY 3Q/PY 4Q/PY 1Q

  5. Slide 5: Passenger Yield and Cost Composition

    THE PARENT AIRLINE COMPANY PASSENGER YIELD (%) Year-on-Year Change in Passenger Yield 10 5 7.8 0 -5 -10 -15 -17.7 -20 -23.4 -25 -30 1Q/PY 2Q/PY 3Q/PY 4Q/PY 1Q/CY 2Q/CY Slide 9 THE PARENT AIRLINE COMPANY COST COMPOSITION – 1H FY09/10 Others 19.9% Fuel (+1.3% pts) 35.8% (-8.7% pts) Passenger Costs 5.0

  6. Slide 6: Fuel Expenditure and Passenger Fleet Development

    THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – 1H FY09/10 ($ million) 3,000 2,872 2,500 -1,045 2,000 +828 -1,536 1,827 1,500 +76 -413 1,000 Lower Lower Stronger Hedging 500 weighted volume US Dollar Losses average uplifted Vs Gains fuel price 0 1H Price Volume Exchange Hedging 1H FY08/09 FY09/10 Slid

  7. Slide 7: The Group 1H FY2009-10 Results; Group Revenue

    THE GROUP 1H FY2009-10 RESULTS GROUP REVENUE – 2Q & 1H FY09/10 ($ million) ($ million) Half Year 4,500 4,379 Revenue 4,132 4,164 $5,953M 4,000 Year-on-Year 3,500 3,321 $2,558M 3,082 (-30.0%) 3,000 2,871 +211 2,500 0 1Q/PY 2Q/PY 3Q/PY 4Q/PY 1Q/CY 2Q/CY Slide 14

  8. Slide 8: Group Expenditure and Group Operating Profit/(Loss)

    GROUP EXPENDITURE – 2Q & 1H FY09/10 ($ million) ($ million) Half Year 4,500 Expenditure 4,147 $6,454M 4,000 3,789 3,807 Year-on-Year 3,500 3,350 3,264 $1,482M 3,190 +74 (-18.7%) 3,000 2,500 0 1Q/PY 2Q/PY 3Q/PY 4Q/PY 1Q/CY 2Q/CY Slide 15 GROUP OPERATING PROFIT/(LOSS) – 2Q & 1H FY09/10 ($ million) ($

  9. Slide 9: Contribution to Group Operating (Loss)/Profit; Group Net Profit/(Loss)

    CONTRIBUTION TO GROUP OPERATING (LOSS)/PROFIT – 1H FY09/10 1H/09 1H/08 Change ($M) ($M) ($M) Singapore Airlines (428.5) 495.2 - 923.7 SIA Engineering 47.4 56.5 - 9.1 SIA Cargo (193.1) (76.1) - 117.0 SilkAir (4.9) 4.6 - 9.5 SATS Group * 70.5 81.8 - 11.3 * Included SATS Group operating profit for Apr

  10. Slide 10: Group Net Profit/(Loss) and Per Share Results

    GROUP NET PROFIT/(LOSS) – 1H FY09/10 ($ million) 800 682 600 -1,076 400 200 -1,148 0 Lower share of Lower tax -200 profits of assoc. & others companies -400 Operating -169 -600 Loss vs Profit +97 -466 -800 1H Operating Associated Others 1H FY08/09 Loss Companies FY09/10 Slide 19 GROUP PER SHARE RESU

  11. Slide 11: Business Outlook for the 2nd Half Year

    BUSINESS OUTLOOK FOR THE 2ND HALF YEAR ADVANCE BOOKINGS „ Year-on-year decline narrowing off lower base of NW 08-09 „ Recovery in Business Class demand „ Chances are PLFs will hold near 80% „ Opportunity to recover yields Slide 22

  12. Slide 12: Boosters and Group Fuel Hedging Position – 2H FY09/10

    BOOSTERS „ APEC Summit – November 2009 „ Changi Air Show – February 2010 „ IR Soft Opening – Q1 2010 Slide 23 GROUP FUEL HEDGING POSITION – 2H FY09/10 „ Projected Uplift Volume 16 million bbls „ % Hedged at end Oct 09 22% „ Avg Hedged Price USD100/bbl jet fuel Slide 24

  13. Slide 13: Group Capital Expenditure for Next 5 Years

    GROUP CAPITAL EXPENDITURE FOR NEXT 5 YEARS ($ million) FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 Aircraft 1,500 2,100 1,600 2,900 2,500 Other Assets 100 100 100 100 100 Total 1,600 2,200 1,700 3,000 2,600 Slide 25

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