Transat A.t. Inc. · TSX:TRZ
Transat A.t — Q3 2025 Earnings Presentation
16 slides from Transat A.t's earnings presentation, Sep 11, 2025
Slide 1: Results for the third quarter ended July 31, 2025
Results for the third quarter ended July 31, 2025 Supplementary Disclosure
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements with respect to the Corporation, The forward-looking statements in this news release are based on a number of assumptions including those regarding its results, its financial position and its outlook for the fut
Slide 3: Non-IFRS Financial Measures
Non-IFRS Financial Measures We report our financial results in accordance with IFRS. This presentation was By excluding from our results items that arise mainly from long-term strategic prepared using results and financial information determined under IFRS. In addition decisions and/or do not, in ou
Slide 4: General Overview Q3 2025
General Overview Q3 2025 4
Slide 5: Highlights Q3 2025
Highlights Q3 2025 $766M $81M Revenues Adjusted EBITDA1 $400M2 ($122M) Net Income Free Cash Flow 1 Revenues grew by 4.1% Achieved Adjusted EBITDA1 margin of 10.6% 1. Refer to Non-IFRS Financial Measures in the Appendix. 5 2. Including $345.1 million gain from long-term debt restructuring.
Slide 6: Operating Metrics
Operating Metrics ▪ Traffic maintained its upward trend, with a 1.0% Key Indicators for Q3 2025 increase recorded in Q3 2025 ▪ Patterns from earlier in the year continued, as Versus 2024 Global Network Transatlantic (Main Network) yield improved compared to 2024 and load factor slightly declined to
Slide 7: Capacity Increase and Fleet Overview
Capacity Increase and Fleet Overview ▪ Capacity for fiscal 2025 is projected to grow by Fleet Overview 2 1.0% in ASMs¹ ▪ Over the first nine months of the year, capacity 2025 2026 increased by 1.9% Winter Summer Winter Summer ▪ Modest decline in capacity is expected in Q4 A330 16 16 16 15 ▪ The Prat
Slide 8: Delivering on Elevation Program Initiatives
Delivering on Elevation Program Initiatives ▪ The Elevation Program was launched one year ago with the goal of generating $100M in adjusted EBITDA1 through targeted initiatives ▪ Elevation Program has reached its implementation target, with current initiatives projected to generate $100 million in a
Slide 9: Summary
Summary ▪ Load factor and yield trends from earlier in the year continued into Q3, with yields improving and load factors slightly declining ▪ Significant progress was made in strengthening the balance sheet, with the refinancing marking a major step toward long-term financial sustainability ▪ Eleva
Slide 10: Financial Review Q3 2025
Financial Review Q3 2025 10
Slide 11: Financial Highlights
Financial Highlights ▪ Q3 results showed improvement, supported by revenue growth and continued cost discipline ▪ Yield increased by 2.6% year-over-year, partially offset by a 1.2 percentage point decline in load factor ▪ A financial compensation of $7M was recognized in revenue following the 2025 a
Slide 12: Q3 2025 Results
Q3 2025 Results ▪ Revenues grew by 4.1% year-over-year, reaching $766M Q3 2024 Q3 2025 ▪ Traffic, measured in revenue-passenger-miles, increased by 1.0%, on a 2.4% capacity increase $766M ▪ Yield increased by 2.6% $736M $400M ▪ Includes $7M recognized as revenues from the Pratt & Whitney $81M 2025 c
Slide 13: Financial Profile
Financial Profile Significant Reduction in Long Term Debt ▪ Free cash flow1 was negative $122M, an improvement from negative $169M in Q3 2024 $812M ▪ Operating cash flow was negative $105M, compared to negative $91M last year ▪ Capital expenditures remained stable year-over-year at $30M $533M ▪ Quar
Slide 14: Appendix
Appendix 14
Slide 15: Debt Breakdown
Debt Breakdown Accounting Policies Facility Maturity date Sources of capital Type of instruments Considerations Carrying Amount (Fiscal Year) Accounts Amount Revolving Credit Facility - Interest rate: CORRA plus a premium of 4.5%. Bank facilities Long-term debt 50 50 2027 (1st lien secured) - Maturi
Slide 16: Non-IFRS Financial Measures
Non-IFRS Financial Measures The to the Corporation’s debt level. Management believes this measure is useful in assessing the Corporation’s capacity to meet its current and future financial obligations. non-IFRS measures, non- IFRS ratios, total of segment measures, capital measures and/or other fina