Slide 1: Q1 FY'12 IMS
Q1 FY’12 IMS Supporting presentation for analysts call 26th January 2012 1 1
Slide 2: Encouraging start to the year
Encouraging start to the year Tight capacity discipline Seats flown up by 2.8% (excluding the impact of last year’s snow disruption) Growth focussed on higher yielding markets Strong commercial performance Revenue per seat up 7.7% on a constant currency basis Passenger numbers up 8.1%
Slide 3: Sustained improvements in operational performance
Sustained improvements in operational performance On time performance - arrivals within 15 minutes 88% 91% 86% 88% 23 ppt improvement 76% in OTP in quarter 70% 65% Sustained growth in 47% OTP now evident; FY'11 Benefit from adverse FY'12 weather in Dec’11 Oct Nov Dec Q1 Customer satisfaction s
Slide 4: Robust revenue performance
Robust revenue performance Q1 ‘12 Q1 ‘11 Change Passengers (m) 12.9 11.9 8.1% Load factor (%) 87.6% 86.7% 0.9ppt Seats (m) 14.7 13.8 6.9% Sector length (km) 1,083 1,089 (0.5)% Total revenue (£m) 763 654 16.7% Total revenue per seat (£) 51.83 47.48 9.2% @ constant currency (£) 51.12 47.48 7.7% 4
Slide 5: Strong growth in seat revenue
Strong growth in seat revenue Q1 ‘12 Q1 ‘11 Change Seat revenue (£m) 749 640 16.9% per seat (£) 50.87 46.51 9.4% Non-seat revenue (£m) 14 13 6.4% per seat (£) 0.96 0.97 (0.5)% Driven by: • Favourable weather vs. December 2010 • Capacity discipline • Capacity investments maturing • First bag revenue,
Slide 6: Hedging update
Hedging update Percentage of anticipated requirement Fuel US Dollar Euro hedged requirement requirement requirement Six months ending 31 March 2012 80% 80% 76% Rate $950/MT $1.60 €1.13 Six months ending 30 September 2012 67% 63% 67% Rate $962/MT $1.59 €1.14 Full year ending 30 September 2012 73% 71%
Slide 7: Forward bookings broadly in line with last year
Forward bookings broadly in line with last year % Seats sold * 7
Slide 8: Outlook
Outlook Capacity (seats flown) • H1 +3% (if no major disruption) • FY +5% (if no major disruption) Revenue per seat (constant currency) • H1: growth similar to level seen in Q1 Underlying cost per seat ex fuel (constant currency) • H1 up 3% (assuming normal disruption levels) • FY up 2% - 3% (assumi
Slide 9: Disclaimer
Disclaimer This communication is directed only at (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001; or (ii) high