Latam Airlines Group Sa · BCS:LTM
Latam Airlines Group Sa — Q3 2024 Earnings Presentation
12 slides from Latam Airlines Group Sa's earnings presentation, Nov 7, 2024
Slide 1: Results Presentation Third Quarter 2024
Results Presentation Third Quarter 2024 November 7, 2024
Slide 2: Disclaimer
Disclaimer Neither the United States Securities and Exchange Commission (“SEC”) nor the Chilean Comisión para el Mercado Financiero (the “CMF”) nor any securities commission of any other U.S. or non-U.S. jurisdiction has reviewed, approved or disapproved of this Presentation, or determined that this
Slide 3: LATAM group expands capacity while reinforcing its financial strength
LATAM group expands capacity while reinforcing its financial strength Strong capacity and passenger growth Strong financial position • Capacity (ASK) increased by 15.1% while • Adj. Passenger CASK ex-fuel of US$4.0 cents. maintaining a strong load factor of 84.9%. • Adj. EBITDAR for the quarter reac
Slide 4: Strong capacity growth while maintaining healthy load factors
Strong capacity growth while maintaining healthy load factors, demonstrating LATAM group's value proposition ASK (billion) Load Factor (%) Passengers (million) RASK (US$ cent) 40.7 35.4 85.3% 84.9% 21.1 19.7 7.6 7.0 Consolidated +15.1% -0,4pp +7.1% -7.7% Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-24 Q3-23 Q3-
Slide 5: Net income of US$301 million in third quarter, driven by operational growth and contained costs
LATAM group reports a net income of US$301 million in third quarter, driven by operational growth and contained costs Adj. Pax CASK ex-fuel Adj. EBITDAR (US$) Net Income (US$) 4.0 cents -8.5% 828mm +14.0% 301mm +29.9% vs.Q3-23 vs.Q3-23 vs.Q3-23 P&L (US$ million) Q3-24 Q3-23 Change Revenues 3,287 3,0
Slide 6: LATAM group continues to deliver on its cost containment strategy
LATAM group continues to deliver on its cost containment strategy Adj. CASK ex Fuel (US$ cents) 4.8 4.9 4.8 4.7 4.7 - 4.8 4.4 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 2024E Adj. Passenger CASK ex Fuel (US$ cents) 4.3 4.4 4.3 4.1 4.2 - 4.3 4.0 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 2024E Adjusted figures exclude other g
Slide 7: LTM Adj. EBITDAR generation continues its positive trend reinforcing the improvement of guidance
LTM Adj. EBITDAR generation continues its positive trend reinforcing the improvement of guidance LATAM's LTM adj. EBITDAR is a testament LTM Adj. EBITDAR (US$ billion) to its strong financial 3.00 - 3.15 performance, value 23% proposition and 2.9 unparalleled network 2.8 2.8 2.5 2.4 Q3-23 Q4-23 Q1-2
Slide 8: Positive cash flow generation of US$157 million
Positive cash flow generation of US$157 million Adj. Cash Flow 3Q 2024 (US$ million) 658 (159) 2,010 (271) 1,853 (67) (5) 157 Initial Cash Adj. Operating Cash Maintenance Growth Investment Interest Expense Adj. Financing and Ending Cash Q2-24 Flow Investment others Q3-24 8
Slide 9: More than US$3.6 billion in liquidity, equivalent to 28% of LTM revenues
LATAM group ended the quarter with more than US$3.6 billion in liquidity, equivalent to 28% of LTM revenues Liquidity (US$ billion) Consistent cash 28% 24% 24% 23% generation supporting 3.6 3.33.4 - 3.5 strong liquidity levels 2.8 3.0 3.0 and a historic level of 2.0 net leverage 1.7 1.9 1.9 1.55 1.1
Slide 10: Significantly reduced Chapter 11 exit financing interest payments
LATAM has significantly reduced its Chapter 11 exit financing interest payments and has additional opportunities to do so in the near-term • Refinanced its Term Loan B (approximate interest rate of 15%) and its 2027 notes (approximate interest rate of 13.375%) with the issuance of US$1.4 billion in
Slide 11: Third quarter 2024 takeaways
Third quarter 2024 takeaways Operational Positive operational performance supported by a healthy load factor of 84.9% during the quarter. 1 performance Continued cost LATAM group continues to deliver on its cost containment strategy and achieves an adjusted 2 containment Passenger CASK ex-fuel of US
Slide 12: Results Presentation Third Quarter 2024
Results Presentation Third Quarter 2024 November 7, 2024