Air Arabia PJSC · DFM:AIRARABIA
Air Arabia PJSC — 9M 2009 Earnings Presentation
15 slides from Air Arabia PJSC's earnings presentation, October 2009
Slide 1: Investor Presentation Jan - Sept 2009
Air Arabia PJSC Investor Presentation Jan - Sept 2009 -1-
Slide 2: Disclaimer
Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assumes no responsibility or liability
Slide 3: Highlights
Highlights • Air Arabia is a National Carrier of UAE based in Sharjah, and founded by Sharjah Government in 2003. • Air Arabia is the first and largest low-cost carrier in MENA. (Data first 9 months of 2009) RPK - 6,148,721 (2008 – 5,159,601) ASK - 7,726,395 (2008 – 5,926,132) Passengers carried – 2
Slide 4: Experienced Management Team
Experienced Management Team -4-
Slide 5: Comprehensive Network
Comprehensive Network Air Arabia Maroc Network Maroc Hub Network Map Sharjah Hub Network Map -5-
Slide 6: Performance: High Utilization & High Reliability
Performance: High Utilization & High Reliability Consistently Achieved the Highest Level of Aircraft Utilization in the A320 Family Source: Airbus YTD we have achieved a flying time per aircraft of over 14 hours per day with more than 99% reliability -6-
Slide 7: RPK Growth in comparison to regional Airlines
RPK Growth in comparison to regional Airlines
Slide 8: Further Data: LCC penetration and airline comparison
Ulp ab UG yc II airarabia.com Further Data: LCC Penetration in Middle East is still low in comparison Load Factor, Block Hours/day, and EBITDAR Margin comparison to other regions LCC Market by Seats (2008) Company Load Factor Block hours/day EBITDAR Margin Bam Air Arabia 85% 14.0 25% 30% 4 Jazeera A
Slide 9: Passengers and Aircraft
Passengers and Aircraft * Air Arabia Group Number of Destinations Fleet Size 70 25 58 21 60 20 50 44 16 37 40 32 15 11 30 23 8 10 20 15 5 5 5 3 10 0 0 2003 2004 2005 2006 2007 2008 Q3 09 2004 2005 2006 2007 2008 Q3 09 Total Passengers Geographic Distribution 4,000 3,561 100% 3,500 79% 80% Passengers
Slide 10: Historical Financial Performance (Group)
Historical Financial Performance (Group) H1 2009 Revenues Gross Profit Gross Profit (AED in MM) Revenues (AED in MM) 2,500 500 30.0% 2,066 25.9% 394 2,000 400 25.0% 1,469 318 19.1% 298 % Margin 1,283 17.4% 20.0% 1,500 300 15.8% 12.5% 20.3% 15.0% 1,000 749 200 130 411 10.0% 500 192 100 65 24 5.0% - 0
Slide 11: Financial Performance Highlights (Group)
Financial Performance H1 Highlights (Group) Revenues Net Profit 1500 1495 Growth Rate t 9m 08-9m 09 = -10% 1480 1469 AED in Millions 400 AED in Millions 1460 380 1440 360 340 374 1420 320 337 1400 300 To Q3 2008 To Q3 2009 To Q3 2008 To Q3 2009 - 11 -
Slide 12: Revenue vs Cost per passenger (Group)
Revenue vs Cost per passenger (Group) H1 2009 Cost/Passenger – 9mths 2008 Vs. 9mths 2009 Cost/Passenger – Excluding fuel 499 284 254 424 Cost/ Passenger (AED) Cost/ Passenger (AED) 9mths 2008 9mths 2009 9mths 2008 9mths 2009 15% Y-o-Y Decline 12% Y-o-Y Increase Revenue/Passenger – 9mths 2008 Vs. 9mt
Slide 13: Operating Statistics (Airline)
Operating Statistics (Airline) 2004 2005 2006 2007 2008 ytd 09 Number of Aircraft 3 5 8 11 16 21 Average Aircraft 3.0 4.9 6.0 9.5 14.5 19 Destinations 15 23 32 37 44 58 Number of Passengers in Millions 0.6 1.1 1.7 2.7 3.6 3.0 RPK (Billions) 1.2 2.5 3.7 5.0 7.1 6.0 ASK (Billions) 1.8 3.2 4.7 5.8 8.3
Slide 14: Joint venture revenues growing
Joint venture revenues growing 9mths 2009 9mths 2008 • SAS 60.4m 44.0m • Alpha Flight Catering 19.8m 18.5m • SATA 6.2m 4.3m
Slide 15: Investor Relations Contact
• Investor Relations Contact: – investorrelations@airarabia.com – +971-6-5088977 – www.airarabia.com