Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q1 2021 Earnings Presentation
30 slides from Jazeera Airways Co. (ksc)'s earnings presentation, May 11, 2021
Slide 1: 1Q21 Earnings Conference Call
1Q21 Earnings Conference Call May 11, 2021
Slide 2: Starting Shortly…
Starting Shortly…
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda 1Q21 in Review Travel Status at Kuwait Airport and in Network Financial Headlines Operational Performance Outlook for 2021 Financial Review Q&A
Slide 5: 1Q21 in Review
1Q21 in Review Operating under very Continued focus on high- Launched New Roll out of vaccination in limited capacity: demand one-way and Destinations: Kuwait moving forward - Continued suspension connecting flights: Launched flights to high at high paced: of flights from 35 Operated point-to-point
Slide 6: Travel Status at KWI and Network
Travel Status at KWI and Network KWI JAZEERA NETWORK Suspension of commercial Restrictions gradually flights from 35 countries lifted, enabling Jazeera to including the destination operate flights from point with the highest demand: to point, and opening new India, Pakistan, Egypt, routes to serve t
Slide 7: Financial Headlines
FINANCIAL HEADLINES
Slide 8: 1Q21 Operational Headlines
1Q21 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1Q21: 104.1 k 1Q21: 58.4% 1Q21: 3.3 hrs 1Q21: KWD74.9 1Q20: 496.5 k 1Q20: 75.6% 1Q20: 13.8 hrs 1Q20: KWD36.5 -79.3% -17.2% -75.7% +105.2%
Slide 9: 1Q21 Financial Headlines
1Q21 Financial Headlines OPERATING OPERATING NET REVENUE LOSS LOSS 1Q21: KWD8.1 mn 1Q21: -KWD5.3 mn 1Q21: -KWD5.2 mn 1Q20: KWD19.0 mn 1Q20*: -KWD3.0 mn 1Q20: -KWD6.0 mn -57.1% -74.9% +14.0% * 1Q20 operating expenses regrouped to adjust for finance expenses
Slide 10: Terminal 5 Performance
Terminal 5 Performance • Continued limited capacity operations at T5 • Some leases are still frozen 1Q21 KWD344.0 k -KWD69.1 k -KWD396.5 k Revenue EBITDA Net Profit 1Q20: KWD825.9 k 1Q20: KWD398.1 k 1Q20: KWD110.1 k NEW DUTY FREE VIV SUPPORT BUILDING New duty free shop VIV operations growing for Sup
Slide 11: Operational Performance
OPERATIONAL PERFORMANCE
Slide 12: Operational Performance
Operational Performance STRONG ASSETS: FOCUS ON PERFORMING DESPITE TRAFFIC RIGHTS CONNECTING FLIGHTS RESTRICTIONS The airline’s biggest asset Jazeera has turned its focus Jazeera grabbed the largest today is its growing number on connecting flights, market share at KWI during of traffic rights. Jaze
Slide 13: Market Share at KWI by Passengers
Market Share at KWI by Passengers MARCH 2021 APRIL 2021 Jazeera Jazeera 25% 20% Other Airlines Kuwait Other 51% Airways Airlines Kuwait 18% 62% Airways 24% Jazeera grabbed the largest market share of operations at KWI during March and April 2021 despite restrictions.
Slide 14: Revenue by Route: Jan & Feb
Revenue by Route: Jan & Feb JANUARY FEBRUARY COK DEL AMM MAA KTM DXB DAC RUH DEL KTM LHE AMM COK MAA DAC DXB 104|124 38|32 33|26 50|112 26|0 31|32 12|18 26|0 18|36 18|32 17|0 25|32 34|18 13|24 IST 33|26 4|32 JED BOM LHE CMB 32|46 3|0 JED 16|26 19|24 DOH BOM DMM MCT HYD 35|18 8|16 6|0 16|72 RUH DOH D
Slide 15: Revenue by Route: Mar & Apr
Revenue by Route: Mar & Apr MARCH APRIL ADD LHE AMM JED DMM BOM HYD DXB RUH DEL COK CMB MAA KTM DAC CMB KTM DAC 54|36 36|34 38|36 68|34 34|0 16|0 15|0 JED 60|78 26|28 DXB LGW MAA COK 28|26 26|34 33|0 60|62 4|0 62|124 52|120 24|18 DEL 24|36 6|16 DOH ADD BOM AMM DMM LHE RUH HYD 27|18 8|44 50|60 18|80
Slide 16: Operational Developments
Operational Developments DELIVERY OF NEW A320neo LAUNCH OF NEW ROUTES Took delivery of the 6th Airbus Colombo – February 20 A320neo on January 16. The new route serves a resilient demand for travel by expats and Jazeera’s fleet today comprises tourists, especially to 14 aircraft of which 8 are A320
Slide 17: Operational Developments
Operational Developments THE BIG SURVEY CREW VACCINATION Jazeera conducted a survey with nearly 4,500 customers Jazeera started the vaccination amongst citizens and residents. The findings showed: drive of pilots, cabin crew and supporting teams. Most respondents 30% of respondents 59% of all plan t
Slide 18: IATA Travel Pass in the Jazeera App
IATA Travel Pass in the Jazeera App • Partnership with IATA to integrate the Travel Travel Pass is a digital solution Pass into the Jazeera App. that helps travelers store • Aim to make the global travel passport their verified certifications for available for travelers from and to Kuwait in Covid-1
Slide 19: Outlook for 2021
OUTLOOK FOR 2021
Slide 20: Slow, But Gradual, Return
Slow, But Gradual, Return Revenue and Airports’ Travel Recovery Cost Controls Limitations Restrictions Outlook • Revenue under • Most airports within • Roll out of vaccination • Expectation for palpable pressure due to limited Jazeera network have in Kuwait and recovery in 4Q21. Gradual capacity ava
Slide 21: New Destinations Planned
New Destinations Planned High demand for tourism, catering specifically Sarajevo for families from Gulf countries High demand for tourism, catering specifically Bishkek for families from Gulf countries Large Armenian expat community in Middle Yerevan East and touristic destination High demand for to
Slide 22: Financial Review
FINANCIAL REVIEW
Slide 23: 1Q21 Key Parameters
1Q21 Key Parameters YIELD BY QUARTER (KWD) Operating Parameters 1Q20 1Q21 CHANGE Average Aircraft 13.7 14.0 2.4% Destination Cities 31 20 -35.5% Revenue Drivers 1Q20 1Q21 CHANGE Seats 692,716 178,212 -74.3% Passengers 496,484 104,116 -79.0% Load Factor 71.7% 58.4% -18.5% PASSENGERS BY QUARTER (000)
Slide 24: 1Q21 Key Parameters
1Q21 Key Parameters In KWD 1Q20 1Q21 CHANGE • Lower operations in 1Q21 on the back Operating Revenue 18,962,737 8,137,370 -57.1% of restrictions on operations from Operating Expenses* (22,001,058) (13,450,103) -38.9% mid-March 2020 due to a state of Operating Profit (3,038,321) (5,312,733) 74.9% tem
Slide 25: 1Q21 Balance Sheet Variances
1Q21 Balance Sheet Variances • Cash balance, net of bank loans and short-term facilities reduced due to the operational cash burn during the year. • Advance for maintenance declined due to restructuring of maintenance contracts. • Total assets and total liabilities increased mainly due to IFRS 16 im
Slide 26: Fuel Prices
Fuel Prices 2Q20 & 3Q20 Singjet price below Brent BRENT Swap Vs. SINGJET Swap (USD/BBL) SINGJET Swap BRENT Swap Fuel as Percent of Revenue
Slide 27: Capital Increase Recommendation
Capital Increase Recommendation • On April 14, Jazeera’s Board recommended 10% capital increase in the face of the most challenging six quarters for the global economy and more specifically, the travel and tourism industry. • Recommendation to increase capital is a precautionary step to adhere to re
Slide 28: .ayjul
.ayjul Jazeera.
Slide 29: Contact
Contact For more information please contact: Krishnan Balakrishnan Chief Financial Officer krishnan.balakrishnan@jazeeraairways.com Mostafa El-Maghraby Head of Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reu
Slide 30: Thank You
yjul Jazeera. |