Aeroflot · RUS:AFLT
Aeroflot — FY2024 Earnings Presentation
26 slides from Aeroflot's earnings presentation, Mar 4, 2025
Slide 1: Aeroflot Group Q4 & 12M 2024 IFRS Results
Aeroflot Group Q4 & 12M 2024 IFRS Results 1 March 4th, 2025
Slide 2: Disclaimer
Q4 & 12M 2024 IFRS Results | Market Update Q4 & 12M and2024 Operating 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 documen
Slide 3: Aeroflot Group 2024 Highlights
Q4 & 12M 2024 IFRS Results | Key Highlights 3 Aeroflot Group 2024 Highlights Aeroflot Group has significantly improved its operational and financial performance Double-digit PAX growth New levels of domestic passenger traffic Record high passenger load factor +16.8% 42.6 +2.1 p. p. 23.0% 77.0% +12.8
Slide 4: Market Update and Operating Results
Market Update and Operating Results
Slide 5: Russian Air Transportation Market
Q4 & 12M 2024 IFRS Results | Market Update and Operating Results 5 Russian Air Transportation Market 42.3% Russian Air Transportation Market Share, 2024, % Russian Air Transportation Market vs Aeroflot Group, Aeroflot Group million PAX, incl. PAX of Russian and foreign carriers and intl. transit PAX
Slide 6: Russian Air Transportation Market vs Aeroflot Group Dynamics
Q4 & 12M 2024 IFRS Results | Market Update and Operating Results 6 Russian Air Transportation Market vs Aeroflot Group Dynamics Aeroflot Group Domestic routes, million PAX International routes, million PAX serves as the incl. PAX of Russian and foreign carriers and intl. transit PAX primary growth d
Slide 7: Passenger traffic & PLF growth
Q4 & 12M 2024 IFRS Results | Market Update and Operating Results 7 7 Passenger traffic & PLF growth Passenger traffic outperforming last year figures High passenger load factor million PAX 12.8 million 55.3 million 89.0% 89.6% PAX Q4 24 PAX 12M 24 Q4 24 12M 24 +11.0% +16.8% +1.8 p.p. +2.1 p.p. vs. Q
Slide 8: Domestic segment International segment
Q4 & 12M 2024 IFRS Results | Market Update and Operating Results 8 8 Domestic segment International segment Passenger traffic Passenger load factor Passenger traffic Passenger load factor 9.6 million PAX 92.9% 3.2 million PAX 83.9% +8.6% vs. Q4 23 +1,9 p.p. vs. Q4 23 +18.7% vs. Q4 23 +2.5 p.p. vs. Q
Slide 9: Airlines of Aeroflot Group – traffic dynamics
Q4 & 12M 2024 IFRS Results | Market Update and Operating Results 9 Airlines of Aeroflot Group – traffic dynamics y-o-y dynamics % Aeroflot Group passenger traffic structure 2024 Premium product Simplified product line Basic-level product • Classes: business, • Classes: business, • Economy class 54.4
Slide 10: Network and Schedule Overview
Network and Schedule Overview
Slide 11: Capacity Growth
Q4 & 12M 2024 IFRS Results | Network 11 11 Capacity Growth 2024 Highlights 286 routes Aeroflot Group Available Seats, million y-o-y dynamics 10.3% 22.4% 63 cities in Russia 13.2% 6.4% 12.5% 33.6% 15.2% 8.8% 17.0% 12.1% 43.3% 18.9% 18.5 New routes 14.5 15.7 14.4 12.0 10.3 3.4 3.7 3.9 3.8 13.0 9.6 Q1
Slide 12: Regions: Continued growth of new segments in 2024
Q4 & 12M 2024 IFRS Results | Network 12 Regions: Continued growth of new segments in 2024 Novy Urengoy Yakutsk Surgut Khanty-Mansiysk Mirny Magadan Krasnoyarsk hub Tyumen Irkutsk Transit flights to the Far East from Krasnoyarsk Ekaterinburg Krasnoyarsk Kazan Neryungri Novosibirsk Chelyabinsk Omsk Ch
Slide 13: International Market Growth
Q4 & 12M 2024 IFRS Results | Network 13 13 Aeroflot Group International Market Growth flights to China Aeroflot Group international flights geography1 Harbin Azerbaijan Egypt Kyrgyzstan Maldives Turkey Armenia India China UAE Uzbekistan Beijing 17 routes Belarus Iran Cuba Seychelles Sri Lanka Vietna
Slide 14: Scheduled Revenue Units
Q4 & 12M 2024 IFRS Results | Network 14 Scheduled Revenue Units Positive macroeconomic environment are fueling yield growth and delivering record passenger load factors Scheduled Yield (RUB/RPK) Scheduled RASK (RUB/ASK) Segment y-o-y dynamics, % y-o-y dynamics, % 5.95 6.41 5.85 6.18 5.38 5.31 4.81 4
Slide 15: Fleet Overview
Fleet Overview
Slide 16: Fleet Overview
Q4 & 12M 2024 IFRS Results | Market Update and Operating Results 16 16 Fleet Overview number of aircraft as at the end of reporting period Wide-body (long-haul) 59 62 +3 A-330 12 15 +3 A-350 7 7 - B-777 32 32 - B-747 8 8 - 352 aircraft 3 aircraft +15.1% in the Group fleet ACMI leasing flight hours f
Slide 17: Financial performance
mlatclalerel performance AEROFLOTZ7
Slide 18: Financial Highlights
Q4 & 12M 2024 IFRS Results | Financial performance 18 Financial Highlights Aircraft insurance settlement effect in net income, billion ₽ Q4 23 Q4 24 Change Indicator (million RUB) 2023 2024 Change 94.2 135.0 171,090 220,228 28.7% Revenue 612,194 856,785 40.0% 0.0 8.8 157,995 204,364 29.3% PAX traffi
Slide 19: Revenue Dynamics
Q4 & 12M Q42024 & 12M IFRS 2024 Results IFRS Results | Financial | Key performance Highlights 19 Revenue Dynamics Revenues are growing due to improved operating performance and increased transportation in the scheduled segment. Revenue by Key Factors, RUB million Revenue by Business Segments, RUB mi
Slide 20: Operating Costs
Q4 & 12M 2024 IFRS Results | Financial performance 20 Operating Costs Q4 2023 Q4 2024 Change Indicator (million RUB) 2023 2024 Change Key drivers 63,488 74,257 17.0% Fuel 219,172 303,877 38.6% Traffic volume growth -4,091 128,897 - OPEX (ex. Fuel) 210,769 453,371 2.2 х Aircraft & passenger 30,174 40
Slide 21: Unit Costs Dynamics
Q4 & 12M 2024 IFRS Results | Financial performance 21 Unit Costs Dynamics Unit Costs Dynamics 1.79 1.88 5.2% Fuel 1.55 1.83 17.5% -0.12 3.26 - Cask (ex. Fuel): 1.49 2.73 82.4% 0.85 1.02 20.2% Aircraft and passenger servicing 0.80 0.90 12.1% Operating costs per ASK increased by 7.9% from RUB 4.15 to
Slide 22: Fuel Costs Management
Q4 & 12M 2024 IFRS Results | Financial performance 22 Fuel Costs Management Fuel price, Aeroflot Airlines, RUB thousand / tonne Fuel damper Fuel price, monthly Fuel volume, Aeroflot, thousand (right hand scale) 2021 2022 2023 2024 90.0 84.7 Cut-off price, RUB thousand / tonne FAS export price, RUB t
Slide 23: Leverage and Liquidity
Q4 & 12M 2024 IFRS Results | Financial performance 23 Leverage and Liquidity In July 2024, Rating agency ACRA assigned Aeroflot with AA(RU) credit rating stable outlook. AA(RU) ruAA Debt Profile*, Liquidity 21.2% RUB billion 31-Dec-23 31-Dec-24 Change, % 274.4 226.4 Borrowings1 104.4 60.5 -42.1% 109
Slide 24: Appendix
Appendix
Slide 25: Operating indicators: Aeroflot Airlines and Aeroflot Group
Q4 &Q4 12M& 2024 12M 2024 IFRSIFRS Results Results | Key|Highlights Appendix 25 25 Indicator Aeroflot Airlines Aeroflot Group Q4 2024 YoY 12M 2024 YoY Q4 2024 YoY 12M 2024 YoY Passenger Traffic PAX thousand 6,810 8.7% 30,080 19.3% 12,778 11.0% 55,289 16.8% international routes PAX thousand 2,296 19.
Slide 26: Contacts
Contacts +7 (495) 258-06-86 ir@aeroflot.ru