Copa Holdings, S.a. · NYSE:CPA

Copa — Corporate Update (2011)

6 slides from Copa's corporate update, 2011

  1. Slide 1: Transition to IFRS

    Transition to IFRS Copa Holdings, S.A.

  2. Slide 2: Transition to IFRS

    Transition to IFRS The information presented herein is based on reported unaudited results for the year ended December 31, 2010, which have been translated from US GAAP to International Financial Reporting Standards (“IFRS”). As such, the figures presented herein are subject to change based on our f

  3. Slide 3: Main effects on Copa Holdings' Financial Statements

    Transition to IFRS Main effects on Copa Holdings’ Financial Statements  Maintenance: Under previous GAAP, major overhaul events were expensed as incurred. Under IFRS, major overhaul events are capitalized when they occur and amortized until the next event.  Engine Overhauls under power by the hour

  4. Slide 4: FY2010 Net Income

    Transition to IFRS Effect on Copa Holdings’ FY2010 Net Income 1.2pp increase in net margin 15.0% 16.2% US$MM (3.6) (1.0) 7.0 2.2 16.1 236.0 3.3 212.1 Net Income Maintenance Engine Stock Deferred tax Return Condition Other Net Income US GAAP Overhaul Compensation IFRS 4

  5. Slide 5: Statement of Financial Position: Assets and Liabilities

    Transition to IFRS Effect on Copa Holdings’ Statement of Financial Position 3.2% Increase in Assets US$MM (8.5) 6.1 78.2 2,555.3 4.0 2,475.5 Assets 2010 Maintenance Engine Deferred Other Assets 2010 US GAAP Overhauls Taxes IFRS 0.7% Increase in Liabilities US$MM (2.0) (4.2) 1,437.8 16.8 1,448.3 Liab

  6. Slide 6: Statement of Financial Position: Shareholders' Equity

    Transition to IFRS Effect on Copa Holdings’ Statement of Financial Position 6.7% Increase in Shareholders Equity US$MM (1.8) 2.8 73.1 1,107.0 11.9 (16.8) 1,037.7 Total Equity 2010 Maintenance Return Engine Stock Other Total Equity US GAAP Condition Overhaul Compensation 2010 IFRS 6

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