Norwegian Air Shuttle Asa · OSL:NAS
Norwegian Air Shuttle Asa — Investor Presentation (May 2021)
10 slides from Norwegian Air Shuttle Asa's investor presentation, May 26, 2021
Slide 1: Norwegian Air Shuttle ASA – investor presentation
Norwegian Air Shuttle ASA – investor presentation 26 May 2021
Slide 2: Norwegian – a simpler, lighter and more flexible airline
Norwegian – a simpler, lighter and more flexible airline NAS pre-reconstruction NAS today 1 Long Haul operation: 37 787 aircraft from 5 European Long Haul operation: discontinued bases Simplified short haul operations: ~51 737NG with full Short haul operations: ~110 aircraft (737NG & Max) over 2 fle
Slide 3: Norwegian – a totally different company with 2/3 of aircraft cut, debt cut by 90%+
Norwegian – a totally different company with 2/3 of aircraft cut, debt cut by 90%+, cut all new aircraft orders - but with NOK 7 bn in Cash 1 2 3 4 Reduction of secured debt Reduction of unsecured debt Reduction of capex commitments Capital raise1) Long-haul operations abandoned Unsecured debt (incl
Slide 4: Norwegian now has the second strongest balance sheets in Europe
Norwegian now has the second strongest balance sheets in Europe European airlines adjusted gearing ratios2 and net debt1 637% 15 334 Net Debt / Market Cap (%) Net debt (US$m) 14,129 13 344 11 925 438% 387% 8,958 182% 180% 154% 151% 2,775 101% 2 852 2 781 87% 74% 1,810 1,850 1 849 45% 469 28% 23% 448
Slide 5: Norwegian has one of the lowest debt levels per aircraft in Europe
Norwegian has one of the lowest debt levels per aircraft in Europe European airlines net debt1 per aircraft2 43,1 Net Debt / Aircraft (US$m) 30,8 30,1 27,5 20,7 19,5 19,5 17,7 13,1 8,8 8,7 7,2 7,2 6,2 Turkish Finnair Aeroflot Air France- IAG SAS Pegasus Lufthansa Wizz Air NAS easyJet Icelandair Aege
Slide 6: Norwegian will focus 100% on historically profitable short-haul routes
Norwegian will focus 100% on historically profitable short-haul routes Short-haul route network 2022 Consolidated to Nordics with scale to defend cost position Short-haul ASK (million) & no. of aircraft at year-end #68 aircraft in -68% operation 100,031 -40% ~40 53,628 156 ~32,000 Ramp-up 119 ~28 30
Slide 7: With Power by the Hour agreements until April 2022 Norwegian can finetune a ramp-up
With Power by the Hour agreements until 1 April 2022 Norwegian can finetune a ramp-up with limited financial risk Win back & retain the Nordic customer Cash-accretive operation Customer needs Operational requirements Attractive The cost position & network strength Retain aircraft on Power-by-the- Ai
Slide 8: 2022 - Focus on Nordic routes with proven historical profitability
2022 - Focus on Nordic routes with proven historical profitability Profitability on selected routes - EBT Key drivers for improved profitability in 2022 NOK million 2018 Route mix: The main effect (over 50 %) derives from network changes by rationalizing underperforming routes, both non-Nordic and i
Slide 9: A near 20 year history and high brand loyalty supports the profitability of Norwegian
A near 20 year history and high brand loyalty to a Scandinavian low-cost operations supports the profitability of Norwegian success Competitive cost position already in 2022 Comments CASK ex. fuel (NOK cent) A leading cost position has been Norwegians historical competitive advantage in its core mar
Slide 10: Fly Norwegian
Fly Norwegian Book tickets at Norwegian.com 10
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