Japan Airlines Co., Ltd. · TSE:9201

Japan Airlines — FY2019 Earnings Presentation

17 slides from Japan Airlines's earnings presentation, Apr 30, 2020

  1. Slide 1: Financial Results MAR/2020 (FY2019)

    JAPAN AIRLINES Co., Ltd. Financial Results MAR/2020（FY2019） April 30th, 2020 ©Japan Airlines, ALL rights reserved.

  2. Slide 2: Today's Topics

    Today’s Topics OVERVIEW OF FINANCIAL RESULTS FOR MAR/20 P.3 DETAILS OF FINANCIAL RESULTS FOR MAR/20 P.5 REFERENCES P.13 Japan Institute of Information Technology FTE IT Award Accessibility Leadership Award SKYTRAX SKYTRAX Health and Productivity The World’s Best Economy Class Management Brand The Be

  3. Slide 3: Overview of Financial Results for Mar/20

    Overview of Financial Results for Mar/20  The coronavirus spread in Q4 rapidly decreased Int’l and Dom PAX demand  Operating Profit decreased in spite of cost cut through capacity reduction in large scale  Net Profit further decreased due to Income Tax Deferred Operating Profit・Net Profit (1) Ope

  4. Slide 4: The Impact of the Coronavirus Spread

    The Impact of the Coronavirus Spread  Travel demand rapidly fell in and after Feb, due to travel restrictions/quarantines in many countries and suspension of events with large crowds or closure of theme parks in Japan  Air traffic demand rapidly fell in all destinations, including domestic, in and

  5. Slide 5: Consolidated Financial Results

    Consolidated Financial Results 4th Quarter （JPY Bn） FY2018 FY2019 Diff. y/y (Jan-Mar)(6) Diff. y/y Operating Revenue 1,487.2 1,411.2 ▲76.0 ▲5.1% 280.3 ▲75.8 ▲21.3％ International Passenger 530.6 476.2 ▲54.4 ▲10.3% 84.0 ▲43.1 ▲33.9％ Domestic Passenger 528.0 514.6 ▲13.4 ▲2.6% 99.1 ▲24.2 ▲19.6％ Cargo /

  6. Slide 6: Changes in Operating Profit (Revenues/Expenses)

    Changes in Operating Profit（ Revenues/Expenses ） Mar/20 (FY2019) （JPY Bn） ＋ stands for profit increase (revenue increase, cost decrease) ▲75.5 Bn ▲ stands for profit decrease (revenue decrease, cost increase) ASK y/y： ▲0.6% (▲42.9%) RPK y/y： ▲4.9％ ▲67.4 Bn (▲38.3%) Int’l Passenger “Other Revenues” F

  7. Slide 7: Changes in Operating Profit (Market/Others)

    Changes in Operating Profit（ Market/Others ） Mar/20 (FY2019) (JPY Bn） ＋ stands for profit increase (revenue increase, cost decrease) Impact From ▲ stands for profit decrease (revenue decrease, cost increase) ▲75.5 Bn Currency Market +1.0 Bn (▲42.9%) Revenues ▲4.7 Bn Expenses +5.7 Bn ▲67.4 Bn Fuel Vo

  8. Slide 8: International/Domestic Passenger Operations

    International/ Domestic Passenger Operations International Passenger Domestic Passenger (4) (4) 4th Quarter 4th Quarter FY2018 FY2019 y/y (Jan-Mar) y/y FY2018 FY2019 y/y (Jan-Mar) y/y Passenger Revenue 530.6 476.2 ▲10.3% 84.0 ▲33.9% 528.0 514.6 ▲2.6% 99.1 ▲19.6% (JPY Bn) Passengers 9,128 8,277 ▲9.3%

  9. Slide 9: Major Operating Expense Items

    Major Operating Expense Items Operating Expenses 4th Quarter (4) （JPY Bn） FY2018 FY2019 Diff. y/y (Jan-Mar) Diff. y/y Fuel 251.2 243.4 ▲7.8 ▲3.1% 53.7 ▲5.7 ▲9.6％ Landing and navigation fees 86.3 84.8 ▲1.5 ▲1.8% 19.5 ▲1.8 ▲8.8％ Maintenance 72.9 75.0 +2.0 +2.9% 15.3 ▲2.5 ▲14.0％ Sales commissions (Air

  10. Slide 10: Major Balance Sheet Items and Cash Flow Items

    Major Balance Sheet Items and Cash Flow Items Balance Sheet （JPY Bn） End of End of Diff. FY2018 FY2019 （1）Certificate of Deposits etc. included Total Assets 2,030.3 1,859.3 ▲170.9 （2）82.7 billion yen injection to Pension Fund included to the end of FY2019 Cash and Deposits(1) (2) 522.0 329.1 ▲192.9

  11. Slide 11: FY20 Recent Outlook

    FY20 Recent Outlook  Prompt capacity cut to the rapidly-falling demand, down by about 95% on International Routes and by about 70% on Domestic Routes.  Actively increase cargo flights using passenger aircraft midst the excessive demand  FY20 performance forecast unclear due to the unforeseeable c

  12. Slide 12: Immediate Actions to the coronavirus spread

    Immediate Actions to the coronavirus spread  Strive for cost reduction, through variable cost reduction with prompt capacity cut and fixed cost reduction, CAPEX reduction and securing liquidity at hand Cost Reduction CAPEX Reduction FY2020 Reduction Target FY2020 CAPEX Revenue and Capacity-linked C

  13. Slide 13: Shareholders return

    《Reference》 Shareholders return Shareholders Return Result Total Shareholder Return History （FY2012～FY2019） FY2018 FY2019 （JPY Bn） (Result) (Result) 250 90% Dividends per share (JPY) 110 55 72.8% Interim Dividend 55 55 200 70% 171.6 174.4 166.2 164.1 Year-End Dividend 55 - 150 149.0 150.8 135.4 47.7

  14. Slide 14: Revenue of International Routes by Geographic Segment

    《 Reference 》 Revenue of International Routes by Geographic Segment Passenger Revenue 4Q Component Ratio FY2019 (%) 3Months y/y FY2018 FY2019 4Q 3Months y/y America ▲0.2% ▲22.2% 26% 29% 30% Europe ▲9.7% ▲28.7% 16% 16% 15% Asia/Oceania ▲12.3% ▲35.7% 33% 32% 34% China ▲20.6% ▲63.7% 11% 10% 6% Hawaii/G

  15. Slide 15: Number of Aircraft

    《 Reference 》 Number of Aircraft End of Mar/19 End of Mar/20 (March 31, 2019) (March 31, 2020) Diff. Owned Leased Total Owned Leased Total Airbus A350-900 0 0 0 4 1 5 +5 Boeing 777-200 12 0 12 11 0 11 ▲1 Boeing 777-200ER 11 0 11 11 0 11 - Boeing 777-300 4 0 4 4 0 4 - Boeing 777-300ER 13 0 13 13 0 13

  16. Slide 16: Fly into tomorrow.

    Fly into tomorrow. Finance & Investor Relations, Japan Airlines ©Japan ©Japan Airlines, ALL Airlines, ALL rights rightsreserved. reserved.

  17. Slide 17: Disclaimer

    Disclaimer This content contains descriptions of the future expectations, outlooks, objectives and plans etc. of Japan Airlines Co., Ltd. (hereafter "the company") and related Group companies (hereafter "the Group"). These are based on information available at the time when these materials were crea

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