Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Berhad — Q4 2013 Earnings Presentation
15 slides from Capital A Berhad's earnings presentation, 2014
Slide 1: AirAsia Berhad / Asia Aviation PCL
AIRASIA BERHAD ASIA AVIATION PCL
Slide 2: Disclaimer
DISCLAIMER Information contained in our presentation is intended solely for your personal reference and is strictly confidential. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. Neither we no
Slide 3: 4Q13
4Q13
Slide 4: Key Highlights – 4Q13
KEY HIGHLIGHTS – 4Q13 • • • -10% 4Q12 3Q12 • • +3.2% • 4Q12 3Q12 • • • • • • •
Slide 5: Key Highlights – 4Q13: Revenues and Operating Profit
KEY HIGHLIGHTS – 4Q13 REVENUES REMAIN STRONG DESPITE COMPETITION FARE PRESSURE FOR MAA, POLITICAL IN TAA AND AND POLITCAL UNSETTLEMENT CURRENCY FOR IAA . MALAYSIA STILL OUTPERFORMS Flat +16% +25% -2% -52% -330% MALAYSIA THAILAND INDONESIA MALAYSIA THAILAND INDONESIA REVENUES OPERATING PROFIT
Slide 6: Key Highlights – 4Q13: CASK and Margins
KEY HIGHLIGHTS – 4Q13 REDUCING COST A KEY DRIVER MALAYSIA MARGINS REMAIN SOLID DESPITE AIRASIA STILL THE LEADER CONCERN ON YIELD -10% +1% +32% -1ppt +1ppt -9ppt -8ppt -31ppt -36ppt MALAYSIA THAILAND INDONESIA MALAYSIA THAILAND INDONESIA CASK (US CENTS) EBIT AND EBITDAR MARGINS
Slide 7: Key Highlights – FY2013
KEY HIGHLIGHTS – FY2013 • • • -4% FY2013 FY2012 • • • • • • •
Slide 8: Key Highlights – Full Year 2013: Revenues and Operating Profit
KEY HIGHLIGHTS – Full Year 2013 REVENUES GROWTH ACROSS ALL THREE AOC MAA OPERATING REMAIN FLAT Y-O-Y DESPITE EXTERNAL PRESSURES +5% +21% +34% -1% +13% -132% MALAYSIA THAILAND INDONESIA MALAYSIA THAILAND INDONESIA REVENUES OPERATING PROFIT
Slide 9: Key Highlights – Full Year 2013: CASK and Margins
KEY HIGHLIGHTS – Full Year 2013 EXTRACTING FURTHER COST REDUCTION FOR MAA MARGIN INCREASE FOR MALAYSIA DESPITE AND TAA CURRENCY IMPACT FOR IAA HITS COST COMPETITION -4% -1% +13% +1ppt -1ppt flat -2ppt -11ppt -10ppt MALAYSIA THAILAND INDONESIA MALAYSIA THAILAND INDONESIA CASK (US CENTS) EBIT AND EBIT
Slide 10: Outlook & Strategy
OUTLOOK & STRATEGY
Slide 11: Strategy
STRATEGY BASED ON FLAT FARES IN 2014, OUR STRATEGY IS: • COST REDUCTION EXERCISE • OUTSOURCING TO AIRASIA GLOBAL SHARED SERVICES • MERGING OPERATIONAL FUNCTIONS • AUTOMATION • • FLIGHT OPERATIONS SAVINGS • RENEGOTIATE ENGINEERING CONTRACTS • REDUCE MARKETING SPEND • ROUTE RATIONALISATION • INTRODUCT
Slide 12: Revenue Enhancement
REVENUE ENCHANCEMENT - CAPITALISING ON DISTRESSED INVENTORY EMIRATES PROJECT • FLY-THRU • • HIGH – FLYER • INVENTORY TO BE AVAILABLE ON ALL GDS • • CORPORATE TRAVELLERS • CRM • ANCILLARY INCOME • TO DRIVE CORE ANCILLARY TAKE UP. COULD ADD RM5-7 DOLLARS THROUGH EXTRA 5%TAKE UP • • ON-BOARD WIFI • DUT
Slide 13: Creating Value from Balance Sheet
CREATING VALUE FROM BALANCE SHEET • • • • CAPACITY MANAGEMENT KEY FOCUS FOR 2014 • • • • • FLEET PLANS FOR 2014
Slide 14: Adjacency Business
ADJACENCY BUSINESS BIG LOYALTY PROGRAMME • • • • • EXPEDIA • • • • • • •
Slide 15: Hedging updates
Hedging updates FUEL HEDGING INTEREST RATE HEDGING FOREIGN EXCHANGE