Norwegian Air Shuttle Asa · OSL:NAS
Norwegian Air Shuttle Asa — Q2 2023 Earnings Presentation
18 slides from Norwegian Air Shuttle Asa's earnings presentation, Aug 24, 2023
Slide 1: Presentation of second quarter 2023
Presentation of second quarter 2023 24 August 2023
Slide 2: Highlights
Highlights Operating result (EBIT) NOK 651 million in the quarter Number of passengers – improving yields and reduced fuel cost this quarter – robust cash position – liquidity increase to NOK 9.3 billion – CASK impacted by currency and underlying inflation 5,602,559 Preferred travel partner througho
Slide 3: Delivering on record strong summer
Delivering on record strong summer Traffic – PAX per month, load factor and yield 100 .0% 1.04 Successful ramp-up into summer 1.0 0 – avoiding wet-lease to serve customers solely with own operation 3,0 00 0.94 92% 90. 0% 84% 0.88 0.87 2,308 2,5 00 Getting customers to their destinations 0.9 0 81% 86
Slide 4: Bookings strong throughout summer
Bookings strong throughout summer 7-day rolling sales figures (abs) – All markets2) Booking momentum continues 500 ,000 Strong last-minute bookings for holiday travel in July and August 400 ,000 Booking momentum satisfactory with business travellers returning and autumn holiday planning 300 ,000 Boo
Slide 5: Financial results for Q2 2023
Financial results for Q2 2023
Slide 6: Quarterly financial highlights
Quarterly financial highlights Revenues Unit revenue - total Passenger traffic (million RPK) 0.76 7,348 6,190 Unit revenue improving into strong summer 0.62 0.63 4,886 – up 22% from last year Ancillary NOK 178 per pax - up from NOK 158 last year Q2 2022 Q1 2023 Q2 2023 Q2 2022 Q1 2023 Q2 2023 Profit
Slide 7: Q2 earnings
Q2 earnings Chng. NOK million Q2 2023 Q2 2022 (YoY) Passenger revenue 5,615 3,970 Ancillary passenger revenue 994 782 Other revenue 262 116 Total operating revenue 6,871 4,868 +41% Unit revenue up 22%, capacity up 14% Personnel expenses 1,071 782 Aviation fuel 2,051 2,338 -12% Fuel price coming lowe
Slide 8: Robust balance sheet
Robust balance sheet 30 Jun. 31 Mar. Chng. NOK million 2023 2023 (QoQ) Intangible assets 2,113 2,097 Net interest bearing debt Tangible assets 13,669 13,207 30 Jun. 31 Mar. Chng. Total non-current assets 16,450 15,818 +4% Two new leased aircraft NOK million 2023 2023 (QoQ) Receivables 4,294 3,836 Ho
Slide 9: Improving already strong liquidity position
Improving already strong liquidity position NOK million Opening balance (31 Mar. 2023) 8,628 Improving strong liquidity position to NOK 9.3bn Operating profit – cash position projected to increase Operating activities +1,495 further in Q3 Forward bookings Holdback at 29% Investing activities -33 – d
Slide 10: The way forward
The way forward
Slide 11: Securing modern fleet for the long-term
Securing modern fleet for the long-term Securing fleet for 2024 Fleet increasing to 91 aircraft for next summer – net increase of ten aircraft from 2023 Phasing in over 15 aircraft this autumn and next spring 100 10 30 Finalising compensation settlements related to 2023 aircraft delays 80 Replacing
Slide 12: Creating loyalty programme ecosystem with partners
Creating loyalty programme ecosystem with partners A game changer – 7+ million member Nordic loyalty ecosystem to be introduced late 2023 with multiple partners and new offerings including next generation financial services Creating a loyalty programme ecosystem where members Strawberry and Norwegia
Slide 13: Widerøe – combining highly complementary businesses
Widerøe – combining highly complementary businesses Large regional carrier in Norway Offering travellers access to more destinations, Major operator of public service operation (PSO) routes with better connectivity and seamless end-to-end travel Fleet comprising 48 aircraft at affordable prices – 45
Slide 14: Summary
Summary Delivering on record summer Attractive route network with close to 300 routes Record strong unit revenue in peak summer season Serving passengers solely with Norwegian aircraft with own crew Strong brand loyalty and robust operations Leading operations vs. peers – top on-time European airlin
Slide 15: Book tickets at Norwegian.com
Book tickets at Norwegian.com
Slide 16: Appendix
Appendix
Slide 17: 20 largest shareholders as of 30 June 2023
20 largest shareholders as of 30 June 2023* Name Country Number of shares Per cent 1 Geveran Trading Company, Ltd. Cyprus 114,800,512 11.9 % 2 Sundt AS Norway 94,528,088 9.8 % 3 Folketrygdfondet Norway 45,793,605 4.8 % 4 Silver Point Capital, L.P. United States 39,745,000 4.1 % 5 Ballyfin Aviation L
Slide 18: Disclaimer
Disclaimer Certain statements included in this presentation contain forward-looking statements, such as statements of future expectations. Although the statements provided are based on the best reasonable assumptions of management of Norwegian Air Shuttle ASA (“Norwegian”), the statements are based
Norwegian Air Shuttle — Q2 2023 Earnings Presentation on 6ix