Air Asia Co. Ltd. · TWSE:2630
Air Asia — 1H 2024 Earnings Presentation
19 slides from Air Asia's earnings presentation, Sep 19, 2024
Slide 1: AIR ASIA Limited Company 2024 Investor Conference
AIR ASIA Limited Company 2024 Investor Conference
Slide 2: Disclaimer
Disclaimer The information contained in this presentation and its accompanying announcements, including content relating to business outlooks, financial operations, and business forecasts, is based on information derived from internal corporate data and external economic developments as a whole.
Slide 3: Agenda
Agenda Financial Results Performance Overview Business Outlook
Slide 4: Financial Results
Financial Results
Slide 5: Statements of Comprehensive Income
Statements of Comprehensive Income (In NT$ thousands) Without Employee stock option & Loss valuation of Asset 1H24 1H24 Items 1H24 1H23 over 1H23 over 1H23 1H23 Net Revenue 2,525,402 2,390,373 135,029 2,402,624 122,778 Operating Costs 2,287,368 2,278,611 8,757 2,241,132 46,236 Gross Margin(%) 9.4% 4
Slide 6: Revenue and Margin Analysis
Revenue and Margin Analysis 1H2023 Revenue 1H2024 Revenue Commercial Commercial Aircraft Aircraft 11% 13% Military Military Aircraft & Aircraft & Helicopter Helicopter 89% 87% Revenue Revenue Margin By Segment Commercial Aircraft Military Aircraft & Helicopter Commercial Aircraft 400,000 2,500,000 G
Slide 7: Balance Sheets & Key Indices
Balance Sheets & Key Indices (In NT$ thousands) Items 1H24 1H23 Year 2023 Year 2022 amount % amount % amount % amount % Cash and cash equivalents 229,057 4 231,697 4 254,265 5 252,947 5 Contract assets 1,209,936 19 1,116,539 20 1,181,069 22 913,851 19 Accounts Receivable 2,423,240 38 1,684,816 31 1,
Slide 8: Performance Overview
Performance Overview
Slide 9: Main Government Business
Main Government Business Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Contract GOCO 5Y NT$13.36B 5Y NT$13.36B GOCO (Songshan) 4Y NT$1.19B 5Y NT$1.76B 3Y NT$1.06B OH-58D 7Y NT$1.63B 7Y NT$2.08B TH-67 7Y NT$1.41B 8Y NT$1.81B CH-47SD 7Y NT$1.4B NASC UH-60M 5Y NT$
Slide 10: Market Overview-MRO
Market Overview-MRO Growth in Narrow-Body Aircraft Orders Asia is the region with the strongest demand for narrow-body aircraft. The Asia-Pacific region (excluding China and India) accounts for 28% of global narrow-body aircraft orders. Airbus has secured orders for 8,000 narrow-body aircraft,
Slide 11: Market Overview-MRO
Market Overview-MRO Narrow-Body Aircraft Delayed Retirement, MRO Supply Shortage The delivery schedule of new aircraft cannot meet the airlines' increasing flight demand. Issues with the production quality of the A320neo's Pratt & Whitney engines and the B737 MAX have led to the grounding of m
Slide 12: Market Overview-Line Maintenance
Market Overview-Line Maintenance Global Aircraft Operations Have Surpassed Pre-Pandemic Peaks Starting from 2024, there are 28,400 aircraft operating globally, surpassing the pre-pandemic peak of 28,000 aircraft in January 2020, with continued growth expected in the future. Global air passengers
Slide 13: Commercial Business Recovery
Commercial Business Recovery Revenue of Commercial Aircraft Maintenance 900,000 107% 120% 800,000 100% 94% 100% 700,000 600,000 73% 80% 65% 500,000 48% 60% 400,000 300,000 40% 200,000 20% 100,000 - 0% NT$ Thousands 2019 2020 2021 2022 2023 2024 Note: % Based on the same period in 2019
Slide 14: Business Outlook
Business Outlook
Slide 15: Execution of Existing Contract
Execution of Existing Contract Government and Military Maintenance Contract Commercial Business GOCO Songshan Planned Depot Level Maintenance Term：2023-2027 Term：2022-2026 America：Aloha Air Cargo, Northern Air Price：13.36B Price：1.7B Cargo Northeast Asia：Peach Aviation, JTA, JAC, UH-60M King Air Tok
Slide 16: Marketing Strategy
Marketing Strategy Expand the range of serviceable aircraft models and certifications to enhance market competitiveness Received FAA and EASA certification, aiming to expand aircraft maintenance services Successful development of ATR customers Japanese clients JAC and Toki Air continue to se
Slide 17: Marketing Strategy
Marketing Strategy Explore high-margin markets and increase the customer base Jetstar Japan has entrusted AACL with maintenance and signed a multi-year contract Expand "Full Agency Authorized Sign-Off" service Strive for the projects of performance improvements for various aircraft models
Slide 18: Multiple Business Development
Multiple Business Development Fiber Optic Gyroscope(FOG) Completed FOG production line, and the first batch of five space specification FOG have been produced Obtained AS9100 certification, becoming the only manufacturer of FOG in Taiwan with mass production capability Unmanned Aerial Vehicl
Slide 19: Thank you
2630 AIA ASIA AIR ASIA Company Limited Company Limited Thank you ere i 4 l ult sill