Aeroflot · RUS:AFLT
Aeroflot — Q3 2023 Earnings Presentation
24 slides from Aeroflot's earnings presentation, Nov 29, 2023
Slide 1: Aeroflot Group Q3 & 9M 2023 IFRS Results
Aeroflot Group Q3 & 9M 2023 IFRS Results 1 November 29, 2023
Slide 2: Disclaimer
Q3 & 9M 2023 IFRS Results | Market Update Q3 &and 9M Operating 2023 IFRS Results 2 Disclaimer This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following. This document
Slide 3: Aeroflot Group 9M 2023 Highlights
Q3 & 9M 2023 IFRS Results | Key Highlights 3 Aeroflot Group 9M 2023 Highlights In Q3 and 9M 2023 Aeroflot Group financial results achieved considerable progress Passenger traffic growth Record High Passenger load factor Maximum on domestic flights +14.6% 27.6% 52.9% +3.6 p.p. +31.1% Pobeda Aeroflot
Slide 4: Market Update and Operating Results
Market Update and Operating Results
Slide 5: Russian Air Transportation Market
Q3 & 9M 2023 IFRS Results | Market Update and Operating Results 5 Russian Air Transportation Market Total Russian Air Transportation Market Share, Russian Air Transportation Market vs Aeroflot Group 38.0% 9М 2023, % incl. PAX of Russian and Foreign Carriers and international transit PAX Aeroflot Gro
Slide 6: Passenger traffic & PLF growth
Q3 & 9M 2023 IFRS Results | Market Update and Operating Results 6 Passenger traffic & PLF growth Passenger traffic outperforming last year figures Passenger load factor at maximum million PAX 35.8 million PAX 14.9 million PAX 87.6% 90.5% 9М 2023 3Q 2023 9М 2023 3Q 2023 (+14.6% y-o-y) (+5.8% y-o-y) (
Slide 7: Aeroflot Group Performance
Q3 & 9M 2023 IFRS Results | Market Update and Operating Results 7 Aeroflot Group Performance 40.9 million seats available in 9М 2023 y-o-y dynamics Premium product Balanced product Basic product 81,2% • Classes: business, • Economy class 54.0% 25.6% • Classes: business, comfort, economy 19.8% comfor
Slide 8: Network and Schedule Overview
Network and Schedule Overview
Slide 9: Capacity Recovery
Q3 & 9M 2023 IFRS Results | Network 9 Capacity Recovery Key Highlights2 St. Petersburg 120 unique domestic routes Weekly flight frequency, September 20231 Kazan served Moscow Yekaterinburg 191 Moscow – St. Petersburg Kaliningrad 163 Moscow - Sochi Routes to 17 international 140 Moscow - Kaliningrad
Slide 10: Aeroflot Leveraging Domestic Market Opportunities
Q3 & 9M 2023 IFRS Results | Network 10 Aeroflot Leveraging Domestic Market Opportunities Novy Urengoy Khanty-Mansiysk Hub Tyumen Krasnoyarsk Program of direct flights Ekaterinburg in Krasnoyarsk Ekaterinburg Irkutsk to Mineralnye Vody Kazan Perm Chita Min. Vody Samara Ufa Astana Gorno-Altaisk Blasgo
Slide 11: International transportation growth
Q3 & 9M 2023 IFRS Results | Network 11 International transportation growth Key highlights1 International flights to 17 countries International flight program to currently available destinations Azerbaijan India China Seychelles Sri Lanka Armenia Iran Cuba Thailand Increasing frequencies and capacity
Slide 12: Scheduled Revenue Units
Q3 & 9M 2023 IFRS Results | Network 12 Scheduled Revenue Units Yields and RASK demonstrated solid improving performance vs. 2022 numbers, in the international segment - correction against a high base and changes in the network structure. Segment Scheduled Yield (RUB/RPK) Scheduled RASK (RUB/ASK) 6.2
Slide 13: Fleet Overview
Fleet Overview
Slide 14: Fleet Overview
Q3 & 9M 2023 IFRS Results Q3 &| 9M Market 2023Update IFRS Results and Operating | Fleet Overview Results 14 Fleet Overview end-of-period units Wide-body (long-haul) 59 59 - A-330 12 12 - A-350 7 7 - 18 aircraft 100% aircraft B-777 32 32 - repurchased from in the Russian aviation B-747 8 8 - 348 airc
Slide 15: Financial performance
Financial performance AEROFLOTZ7
Slide 16: Key Financial Highlights
Q3 & 9M 2023 IFRS Results | Financial performance 16 Key Financial Highlights Q3 22 Q3 23 Change Indicators (million RUB.) 9M 22 9M 23 Change Exchange rate revaluation, billion RUB 133,652 188,928 41.4% Revenue 314,150 441,104 40.4% 80.0 Q3 22 Q3 23 9М 23 126,780 179,076 41.2% PAX Traffic Revenue 28
Slide 17: Revenue Dynamics Decomposition
Q3 & 9M Q32023 & 9MIFRS 2023 Results IFRS Results | Financial | Key performance Highlights 17 Revenue Dynamics Revenue for 9M 2023 increased on the back of higher operating performance and increased transportation Decomposition in the scheduled segment Key Factors, million RUB. Business Segments, mi
Slide 18: Operating Costs Breakdown 9M 2023
Q3 & 9M 2023 IFRS Results | Financial performance 18 Operating Costs Breakdown 9M 2023 Q3 2022 Q3 2023 Change Operating Costs (million RUB.) 9M 2022 9M 2023 Change Operating cost decomposition 9M 20232 56,222 65,637 16.7% Fuel 124,343 155,684 25.2% 41,645 49,800 19.6% Opex (ex. Fuel) 159,691 214,860
Slide 19: Unit Costs Dynamics
Q3 & 9M 2023 IFRS Results | Financial performance 19 Unit Costs Dynamics Unit Costs Dynamics 1.45 1.52 5.2% Fuel 1.39 1.48 6.2% 1.07 1.16 7.7% CASK (ex. Fuel): 1.79 2.04 14.1% 0.64 0.79 23.6% Aircraft and Passenger Servicing 0.69 0.78 13.9% Costs on passenger turnover increased by 0.77 0.80 4.1% D&A
Slide 20: Fuel Cost Management
Q3 & 9M 2023 IFRS Results | Financial performance 20 Fuel Cost Management Fuel price, Aeroflot Airlines, RUB thousand per tonne Fuel Damper Fuel price, monthly Volume, Aeroflot (rhs) 2023 2021 2022 2020 Cut-off price (lhs) 70.0 FAS export price (lhs) 65.6 45.5 35.3 * Weighted average price for 12M 2
Slide 21: Leverage and Liquidity
Q3 & 9M 2023 IFRS Results | Financial performance 21 Leverage and Liquidity Aeroflot has a significant liquidity buffer of RUB 139.8 billion in cash and investments. Debt Profile*, Liquidity 11.4% Billion RUB. 31-Dec-22 30-Sep-23 Chg. % 30-Sep-22 217.0 241.8 Borrowings 114.4 114.1 -0.3% 114.3 102.0
Slide 22: Appendix
Appendix
Slide 23: Indicators Aeroflot Group Aeroflot Airline
Q3 &Q3 9M&2023 9M 2023 IFRS Results IFRS Results | Key |Highlights Appendix 23 Indicators Aeroflot Airline Aeroflot Group Q3 2023 Change 9М 2023 Change Q3 2023 Change 9М 2023 Change Passenger Traffic thousand PAX 8 031 1.0% 18 945 19.2% 14 894 5.8% 35 821 14.6% international routes thousand PAX 2 06
Slide 24: Contacts
Contacts +7 (495) 258-06-86 ir@aeroflot.ru