Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — H1 FY2016 Earnings Presentation
16 slides from Alliance Aviation Services's earnings presentation, Feb 15, 2016
Slide 1: Interim Results Presentation
Interim Results Presentation Half Year 31 December 2015 Released 15 February 2016 Scott McMillan, Managing Director Lee Schofield, Chief Executive Officer Matt Dyer, Chief Financial Officer
Slide 2: Key Messages
Key Messages Alliance has continued to work on the strategies which were announced early in the 2015 calendar year. It remains committed to broadening its revenue base, reducing expenditure and lowering debt. The key messages at the half year are: •1 Retaining a stable outlook as a result of contrac
Slide 3: Achievements
Achievements Key Achievements from the first half of operations are: 1 • Underlying NPAT of $4.1m, retaining a stable outlook 2 • Retained all contracts, charter and wet lease income up 30% 3 • Capital Expenditure $10.9m, a 25% reduction. 4 • Established European operation for the Fokker fleet proje
Slide 4: The Financial Numbers
The Financial Numbers Half year ended 31 December 2015
Slide 5: Underlying Income Statement Summary
Underlying Income Statement Summary Profit & loss statement Key observations % 1HFY16 1HFY15 pcp ($ in millions) Actual Actual Change • Contract revenue influenced by fuel price Revenue FIFO 80.2 90.3 (11%) • Flying hours stable compared with Charter / ACMI 10.8 8.4 29% previous year Other 2.0 4.7 •
Slide 6: Summary Balance Sheet
Summary Balance Sheet Balance Sheet Key observations ($ in millions) 31-Dec-15 30-Jun-15 31-Dec-14 • Capital Expenditure less than Cash 2.0 0.6 4.1 Receivables 32.6 24.5 21.8 depreciation in accordance with Inventory 29.8 24.7 24.3 strategy Total current assets 64.4 49.8 50.2 • Receivables includes
Slide 7: Cash flow Statement
Cash flow Statement Cash flow statement Key Observations 1HFY16 1HFY15 • Working capital and capital expenditure ($ in millions) Receipts from customers (inclusive of GST) 106.0 124.1 continue to be key items. Payments to suppliers (inclusive of GST) (88.6) (103.8) • Business forecasts stronger cash
Slide 8: Operational Statistics
Operational Statistics Metric 2015 2014 Average Aircraft in Service 26 27 Flight Hours – FIFO / Charter 11,392 11,792 Flight Hours – Wet Lease 472 343 Total Flights 8,907 9,476 Average Staff Numbers 429 510 EBITDA per Aircraft ($m) 0.78 0.97 Revenue per Employee ($k) 217 206 FIFO % of Total Revenue
Slide 9: Flying Contracts
i Allance Flying Contracts
Slide 10: Customer Relationships
Customer Relationships • Again able to demonstrate the ability to retain long term contracts • Extended Contracts with BHP OLP and South 32 (GEMCO and Cannington) • Alliance continues to be innovative with the service offering. 10
Slide 11: National Footprint includes New Zealand
National Footprint includs New Zealand BRISBANE (HEAD OFFICE) CAIRNS • Offices • Hangar • Offices (engineering support and crew) − Line maintenance • Line maintenance TOWNSVILLE • Offices • Hangar • Line maintenance ADELAIDE • Offices • Hangar (largest at airport) − Line maintenance PERTH • Alliance
Slide 12: It is the Performance that makes the difference!
It is the Performance that makes the difference! • Australia’s most experienced and resourced F100/70 operator. • Low cost base allows low utilisation which means a reliable operation for our customers • Own outright 100% of the fleet • Maintained BARS Gold Recognition Status and Wyvern "Wingman" ac
Slide 13: Outlook
Th Allance Outlook
Slide 14: Outlook
Outlook • The Directors have maintained a “stable” full year outlook. • The second half performance is expected to be better than the first considering the current schedule. • Capital expenditure is expected to be as forecast. • There are additional opportunities which Alliance expects will result i
Slide 15: Appendices
i Allance Appendices
Slide 16: Disclaimer
Disclaimer Reliance on third party information This presentation was prepared by Alliance Aviation Services Limited (ACN 153 361 525) (“Alliance”). This presentation may contain information that has been derived from publicly available sources that have not been independently verified. No representa
Alliance Aviation Services — H1 FY2016 Earnings Presentation on 6ix