Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — Q3 FY2010-11 Earnings Presentation

10 slides from Singapore Airlines's earnings presentation, February 2011

  1. Slide 1: SIA Group Financial Results for Q3 FY2010-11

    SIA GROUP FINANCIAL RESULTS For Q3 FY2010-11 Ended 31 December 2010 197200078R PARENT AIRLINE COMPANY Q3 FY2010-2011 Results 197200078R

  2. Slide 2: Parent Airline Company Q3 2010-11 Results

    PARENT AIRLINE COMPANY Q3 2010-11 Q3 Q3 Better/ 2010-11 2009-10 (Worse) % Total Revenue ($ M) 3,104.9 2,787.0 11.4 Total Expenditure ($ M) 2,727.3 2,556.0 (6.7) -- Fuel cost 938.5 815.0 (15.2) -- Fuel hedging (gain)/loss (14.2) 43.8 n.m -- Non-fuel expenditure 1,803.0 1,697.2 (6.2) Operating Profit

  3. Slide 3: Parent Airline Yield, Unit Cost and Load Factor

    PARENT AIRLINE COMPANY Q3 2010-11 Q3 Q3 Change 2010-11 2009-10 % Pax Yield – include fuel 12.1 10.5 +15.2 surcharge (¢/pkm) Passenger Unit Cost 8.6 8.3 + 3.6 (¢/ask) Passenger Breakeven Load 71.1 79.0 - 7.9 pts Factor (%) Passenger Load Factor Margin (%) +8.6 +3.4 +5.2 pts Slide 5 PARENT AIRLINE COM

  4. Slide 4: Operating Performance: Passenger and Breakeven Load Factor

    PARENT AIRLINE COMPANY Q3 2010-11 Operating Performance % Passenger Load Factor 90 Breakeven Load Factor 85 82.4 80.7 81.3 79.7 80 79.0 78.5 75 72.7 70.9 71.1 70 67.7 65 60 Q3 2006-07 Q3 2007-08 Q3 2008-09 Q3 2009-10 Q3 2010-11 Slide 7 PARENT AIRLINE COMPANY Q3 2010-11 Operating Performance % Passen

  5. Slide 5: Cost Composition and Top 5 Expenditure Breakdown

    PARENT AIRLINE COMPANY Q3 2010-11 Cost Composition Others 21.8% (-0.4 pt) Fuel Cost Post Hedging 33.9% (+0.3 pt) Passenger Costs 5.4% (-0.3 pt) Handling Charges 7.6% (-0.3 pt) Aircraft Staff Depreciation & 14.2% (+1.2 pts) Lease Rentals 17.1% (-0.5 pt) Slide 9 PARENT AIRLINE COMPANY Q3 2010-11 Top 5

  6. Slide 6: Composition of Increase in Fuel Cost

    PARENT AIRLINE COMPANY Q3 2010-11 Composition of Increase in Fuel Cost $M (Before Hedging) +40.5 -60.4 1,000 +143.4 Higher 900 volume Weakening of 938.5 +123.5 uplifted USD against (+15.2%) SGD 800 815.0 Higher weighted average fuel price 700 600 500 Q3 2009-10 Price Volume Forex Q3 2010-11 Slide 11

  7. Slide 7: The Group Q3 FY2010-2011 Results: Group Revenue

    THE GROUP Q3 FY2010-2011 Results 197200078R SIA GROUP Q3 2010-11 $M Group Revenue 4,500 4,276.1 4,164.0 4,000 3,841.0 Q3 2010-11 vs 3,793.7 Q3 2009-10 $412.4M 3,500 3,428.6 (+12.0%) 3,000 2,500 2006-07 2007-08 2008-09 2009-10 2010-11 Slide 14 (Q3)

  8. Slide 8: Group Expenditure and Operating Profit

    SIA GROUP Q3 2010-11 $M Group Expenditure 4,500 4,000 Q3 2010-11 vs 3,807.3 Q3 2009-10 3,601.5 $226.0M 3,500 3,346.0 3,331.7 (+7.3%) 3,105.7 3,000 2,500 2006-07 2007-08 2008-09 2009-10 2010-11 Slide 15 (Q3) SIA GROUP Q3 2010-11 $M Group Operating Profit % 800 15.8 16 674.6 13.3 Operating 11.8 Profit

  9. Slide 9: Group Operating Profit by Company

    SIA GROUP Q3 2010-11 Group Operating Profit Q3 2010-11 Q3 2009-10 Better/ (Worse) ($ M) ($ M) ($ M) SIA 377.6 231.0 146.6 SIAEC 34.5 21.8 12.7 SIA Cargo 47.5 40.1 7.4 SilkAir 44.5 23.0 21.5 Others 5.2 7.0 (1.8) Group Total 509.3 322.9 186.4 Slide 17 SIA GROUP Q3 2010-11 Group Profit Attributable to

  10. Slide 10: Group Profit Attributable to Owners of the Parent

    SIA GROUP Q3 2010-11 Group Profit Attributable to Owners of the Parent 800 487.4 (excludes 589.2 590.0 600 exceptional Q3 2010-11 vs item of 199.1) Q3 2009-10 403.7 $83.7M 400 337.2 (+20.7%) 200 0 2006-07 2007-08 2008-09 2009-10 2010-11 Slide 19 (Q3)

Singapore Airlines — Q3 FY2010-11 Earnings Presentation on 6ix