Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q3 2022 Earnings Presentation
26 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Oct 31, 2022
Slide 1: 3Q22 Earnings Webcast
3Q22 Earnings Webcast 31 October 2022
Slide 2: Starting Shortly…
Startin Shortly... — ‘,
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda Operational & Financial Headlines Operational Performance Outlook for 4Q22 & 2023 Financial Review Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 3Q22 Operational Headlines
3Q22 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 3Q22: 1,081 k 3Q22: 80.1% 3Q22: 14.3 hrs 3Q22: KWD55.5 3Q21: 303 k 3Q21: 65.6% 3Q21: 7.0 hrs 3Q21: KWD101.5 +256.8% +14.4% +104.8% -45.4%
Slide 7: 3Q22 Financial Headlines
3Q22 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 3Q22: KWD63.2 mn 3Q22: KWD16.1 mn 3Q22: KWD13.4 mn 3Q21: KWD31.7 mn 3Q21: KWD12.8 mn 3Q21: KWD11.8 mn +99.2% +25.7% +13.7% • 3Q22 includes a non-operating loss on foreign currency of KWD0.7 mn against a gain of KWD0.1 mn in 3Q21.
Slide 8: 9M22 Operational Headlines
9M22 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 9M22: 2.6 mn 9M22: 76.4% 9M22: 13.1 hrs 9M22: KWD51.0 9M21: 511 k 9M21: 60.7% 9M21: 4.6 hrs 9M21: KWD89.3 +409.8% +15.7% +181.1% -42.9%
Slide 9: 9M22 Financial Headlines
9M22 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT * 9M22: KWD140.8 mn 9M22: KWD26.0 mn 9M22: KWD20.8 mn 9M21: KWD47.3 mn 9M21: KWD1.6 mn 9M21: KWD70.6 k +197.9% +1,571.6% +29,306.7% • 9M22 includes a one-off gain of KWD1.7 mn from the sale and lease back of two engines against the sale an
Slide 10: Ancillary Revenue
Ancillary Revenue CARGO ANCILLARY E-COMMERCE REVENUE REVENUE REVENUE 3Q22: KWD502 k 3Q22: KWD4.6 mn 3Q22: KWD18.5 mn 3Q21: KWD763 k 3Q21: KWD2.3 mn 3Q21: KWD8.4 mn -34.2% +100.0% +119.6% 9M22: KWD1.5 mn 9M22: KWD11.7 mn 9M22: KWD34.4 mn 9M21: KWD1.7 mn 9M21: KWD4.9 mn 9M21: KWD10.2 mn -11.7% +140.1%
Slide 11: Terminal 5 Performance
Terminal 5 Performance 3Q22 KWD3.3 mn KWD2.8 mn KWD2.7 mn Revenue EBITDA Net Profit 3Q21: KWD977 k 3Q21: KWD797 k 3Q21: KWD400 k 9M22 KWD7.9 mn KWD6.8 mn KWD6.0 mn Revenue EBITDA Net Profit 9M21: KWD1.6 mn 9M21: KWD758 k 9M21: -KWD427 k Retail occupancy: 95% of New check-In counters: Duty Free: avai
Slide 12: Operational Performance
Operational Performance
Slide 13: 9M22 Market Share & Passengers Distribution
9M22 Market Share & Passengers Distribution PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC MARKET SHARE DISTRIBUTION – 9M22 DISTRIBUTION – 9M19 Other, 3.0% Europe, 27.3% Other, 3.1% Europe, Levant, Levant, 7.2% 4.7% 17.7% 7.4% AT KWI Subcontinent, Egypt, 27.3% Subcontinent, 17.0% 30.4% 24.1% 23.5% Egyp
Slide 14: Operational Updates
Operational Updates Passenger Movement Network Expansion Doha 2022 A very active summer season as Launched four new destinations to joined the flight shuttle program for Jazeera carried its highest ever Saudi Arabia (Abha, Hail, Taif, the FIFA World Cup 2022 in Qatar, passenger count in a single qua
Slide 15: Number of destinations over time
• 3Q22: 53 destinations • 3Q21: 41 destinations • 3Q20: 34 destinations • 3Q19: 27 destinations
Slide 16: 4Q22 & 2023 Outlook
4Q22 & 2023 Outlook
Slide 17: More normalization on all fronts
More normalization on all fronts Revenue and Cost Controls Travel Outlook • 4Q22 expected to be, relatively, active with more attention to • Appetite for travel returned strongly and only expected to Umrah, commuting, students and business travel. continue rising, at normalized rates, in the foresee
Slide 18: Financial Review
Financial Review
Slide 19: 3Q22 & 9M22 Key Parameters
3Q22 & 9M22 Key Parameters 3Q21 Vs 3Q22 9M21 Vs 9M22 Operating Parameters 3Q21 3Q22 CHANGE Operating Parameters 9M21 9M22 CHANGE Average Aircraft 14.6 18.2 24.9% Average Aircraft 14.2 17.4 22.8% Destination Cities 41 53 29.3% Destination Cities 41 53 29.3% Revenue Drivers 3Q21 3Q22 CHANGE Revenue Dr
Slide 20: 3Q22 Financial Performance
3Q22 Financial Performance KWD 3Q21 3Q22 CHANGE Operating Revenue 31,718,936 63,199,357 99.2% Operating Expenses -13,671,569 -47,069,124 244.3% Operating Profit 12,836,570 16,130,233 25.7% Net Profit (Loss) 11,763,888 13,375,727 13.7% • Load factor increased by 22% and passenger numbers by 257% driv
Slide 21: 9M22 Financial Performance
9M22 Financial Performance • Revenue growth driven by higher load factor and passenger KWD 9M21 9M22 CHANGE numbers, but partially offset by the 43% decline in yield compared Revenue 47,272,396 140,812,170 197.9% to 9M21. Terminal revenue also grew by 387% YoY. • Operating costs are higher by 151% d
Slide 22: Fuel Impact on 9M22 profitability
Fuel Impact on 9M22 profitability • Record profitability achieved despite extremely unfavorable fuel prices. • Following the drop of Brent, Jet fuel trended down slightly but maintained the high spread with Brent from 28% in 2Q22 to 30% in 3Q22. • Operating and net profit would have been higher by K
Slide 23: 3Q22 Key Performance Metrics
3Q22 Key Performance Metrics BRENT Swap Vs. SINGJET Swap (USD/BBL) Quarterly Yield (KWD) 175 143.7 126.3 109.1 101 88 92 88.6 116.7 75 68 62 76.4 103.1 49 56 97.4 47 46 48 48 SINGJET Swap 38 38 32 34 79.8 BRENT Swap 73.0 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22
Slide 24: Q&A
Q&A
Slide 25: Contact
Contact For more information please contact: Mostafa El-Maghraby Head of Investor Relations investorrelations@jazeeraairways.com Krishnan Balakrishnan Chief Financial Officer krishnan.balakrishnan@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reu
Slide 26: Thank You
-ayjaul Jazeefa. "1 —~