Qantas Airways Limited · ASX:QAN
Qantas Airways — Investor Presentation (February 2009)
6 slides from Qantas Airways's investor presentation, Feb 4, 2009
Slide 1: Capital raising
For personal use only Capital raising Not for release in the United States Disclaimer •This Presentation has been prepared by Qantas Airways Limited (ABN 61 009 661 901) (Qantas). Past performance •Summary information Past performance information given in this Presentation is given for illustrative
Slide 2: Capital Raising Overview
Capital Raising Overview For personal use only • Equity capital raising to enhance financial flexibility – Support fleet renewal program – Increase diversity of funding – Reduce net debt – Support investment grade credit rating • A$500 million underwritten institutional placement • Non underwritten
Slide 3: Share Purchase Plan / Investment Highlights
Share Purchase Plan For personal use only • Retail shareholders have the opportunity to subscribe for up to $10,000 worth of Qantas shares* – Investors will not incur brokerage or other transaction costs – Lower of VWAP or final institutional placement price • Offered to eligible shareholders reside
Slide 4: Capital Management
Capital Management For personal use only • Strategy of continuing to grow and re-equip fleet • Maintaining strong capital position critical to fleet renewal program • Management focus on – Improving free cash flow within the business; and – Preserving cash and maintaining liquidity • Cash balance of
Slide 5: Qantas' Response to Current Environment
Qantas’ Response to Current Environment For personal use only • Decisive reductions in capacity to mitigate traffic decline • Cost reductions • Flexible hedging allows participation in fuel price reductions and protection from FX movements • Capital expenditure managed to enhance financial flexibili
Slide 6: Key Dates
Key Dates For personal use only Event Date SPP record date Tues 3 February 2009 (7.00pm) Institutional placement – opens Wed 4 February 2009 (7.30am) Institutional placement – closes Wed 4 February 2009 (3.00pm) Ordinary shares re-commence trading Thurs 5 February 2009 (10.00am) Institutional settle
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