Wizz Air Holdings Plc · LSE:WIZZ
Wizz Air — Q1 FY19 Earnings Presentation
14 slides from Wizz Air's earnings presentation, June 2018
Slide 1: Q1 FY19 Results
Q1 FY19 RESULTS Q1 FY19 RESULTS
Slide 2: Profitable Growth Continues
Q1 FY19 | PROFITABLE GROWTH CONTINUES 1 Record passengers 8.6m, record revenues €553m 2 20% passenger growth in Q1 3 Net profit of €50m (despite lack of Easter and disruptions) 4 Disciplined cost management 5 Major expansion in Vienna & London, UK AOC in operation 6 Fleet passed 100 aircraft milesto
Slide 3: Strengthening Position as #1 LCC in CEE
Q1 FY19 | Strengthening Position as #1 LCC in CEE Growth Metrics Performance Metrics Passengers 8.6 m 48,098 +20% Flights +16% Aircraft 102 12.8 hours +19 Utilisation (1.9%) 142 Airports +1 92 % Load factor +0.9ppt Countries 44 +2 99 % 25 Regularity -0.4ppt Bases -3 4,000 + Punctuality 74 % Staff -7
Slide 4: Unprecedented Industry Disruptions
Q1 FY19 | Unprecedented Industry Disruptions Cancellations 145 74 % +426% Punctuality -7.8ppt Delays 3+ hours 306 2.2 m Effected PAX +95% Compensation and disruption costs tripled to €9m in Q1 Q1 FY19 | PAGE 4
Slide 5: Network Development
Q1 FY19 | Network Development 1 Increasing Frequencies 49% On 79 routes 2 Joining Existing Airports 39% 11 new airport pairs 3 New Airports 9% 5 new destinations 4 New Countries 3% Austria, Estonia Balanced & Diversified Growth Strategy New route allocation New airports added CEE – Western Europe 72
Slide 6: Record Revenue on 20% Pax Growth
Q1 FY19 | Record Revenue on 20% Pax Growth Seat Group Results Q1 FY19 Q1 FY18 Change Growth + 19 % Revenue € 553m € 469m +17.9% Stage +1% EBITDAR € 156m (2.8)% Length € 151m ASK EBITDAR margin 27.4% 33.2% (5.9)ppt + 20 % Growth Net profit € 50m € 58m (14.0)% Load + 0.9ppt Factors Net profit margin 9
Slide 7: Record Revenues
Q1 FY19 | Record Revenues 1,948 Revenue Development RPS + 4.0 % (€m) Ancillary per pax - 8.6 % 1,571 1,429 816 Drivers 1,227 20% passenger growth 656 534 1,012 433 Higher load factors 851 43.5% 766 353 40.3% Larger aircraft 214 274 41.7% 41.9% 37.4% 553 32.2% 34.9% 35.3% 1,132 470 Flying further 223
Slide 8: Ultra Low Cost Carrier
Q1 FY19 | Ultra Low Cost Carrier Q1 FY19 CASK 1 CASK € cent Q1 FY19 Q1 FY18 Change € cent Fuel 1.03 0.93 0.10 Fuel CASK 1.03 cent Staff costs 0.31 0.27 0.04 Distribution & marketing 0.07 0.07 0.00 Ex-Fuel CASK Maintenance, materials 0.19 0.21 (0.02) 2.27 cent and repairs Aircraft rentals 0.49 0.56 (
Slide 9: Ancillary Update
Q1 FY19 | Ancillary Update Ancillary Revenue Negative effect of change in bag €/pax policy to persist in Q2 Strong value add performance - 2.4 continues 28.0 25.6 18.4 20.4 +2.1 9.6 5.1 -4.5 Q1 FY18 Q1 FY19 SEAT SELECTION Baggage Value-Add Q1 FY19 | PAGE 9
Slide 10: Higher Cash Generation
Q1 FY19 | Higher Cash Generation +20% € million 1,064 1,282 Investment grade balance sheet Leverage 1.7x Multiple aircraft financing options 1,117 Strong cash generation 912 Maintaining or lowering leverage 153 165 Q1 FY18 Q1 FY19 Restricted Shares Free Cash Q1 FY19 | PAGE 10
Slide 11: FY19 Guidance | Delivering Profitable Growth
FY19 Guidance | Delivering Profitable Growth Guidance Capacity growth (ASKs) +18% Average stage length Moderate increase Load Factor +1ppt Fuel CASK +15% Ex-fuel CASK -1% Total CASK +3% Revenue per ASK +3% Effective tax rate 6% Net profit €310 – €340 million Q1 FY19 | PAGE 11 PAGE 10
Slide 12: wizzair.com
wizzair.com
Slide 13: Fleet Delivery Plan
WIZZ | Fleet Delivery Plan Q1 FY19 | PAGE 11 PAGE 10
Slide 14: Disclaimer
WIZZ | Disclaimer This presentation has been prepared by Wizz Air Holdings Plc (the “Company”). By receiving this presentation and/or attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presentation is