Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — Investor Presentation (May 2025)
28 slides from Alliance Aviation Services's investor presentation, May 14, 2025
Slide 1: Alliance Aviation Services Investor Day
Alliance Aviation Services Limited Investor Day 14 MAY 2025
Slide 2: Agenda
Agenda • Welcome • Introduction o Alliance Board of Directors o Alliance Management Team • Site visits plan • Andrew Evans — Chief Financial Officer o Financial update • Scott McMillan — Managing Director o Aviation Services • Stewart Tully — Chief Executive Officer Investor Day 2
Slide 3: Brisbane Hangars and Operations Control Centre
Brisbane Hangars and Operations Control Centre Investor Day 3
Slide 4: Flight Simulator Centre
Flight Simulator Centre Investor Day 4
Slide 5: Alliance Distribution Centre
Alliance Distribution Centre Investor Day 5
Slide 6: Andrew Evans, Chief Financial Officer
Andrew Evans Chief Financial Officer Investor Day 6
Slide 7: FY25 Guidance
Alliance Aviation Services FY25 Guidance Current Market Updated Comments Metric Guidance ($m) Guidance ($m) Results impacted by: • Aircraft damage EBITDA 202.1 205.0-210.0 • Protected industrial action (PIA) • North Queensland floods • Tropical Cyclone Alfred • Brisbane Airport closure 4 days Profit
Slide 8: Net Debt Outlook
Net Debt Outlook FORECAST NET DEBT TARGET NET DEBT BY BY 30 JUNE 2025 30 JUNE 2026 $425M to $430M $315M to $360M Net Debt to EBITDA of Net Debt to EBITDA of 2.0 - 2.1 times 1.5 – 1.7 times Investor Day 8
Slide 9: Debt Reduction activities
Debt Reduction activities Debt reduction program to be funded by: • Maximising operating cash flow • Aviation Services trading activity Will enable the Board to o Continued monetisation of engines, consider the aircraft, parts inventory recommencement of • Consolidation and potential monetisation of
Slide 10: Scott McMillan, Managing Director
Scott McMillan Managing Director Investor Day 10
Slide 11: Unique competitive advantage from ownership of aircraft fleet
Alliance Aviation Services Unique competitive advantage from ownership of aircraft fleet • Total flexibility in trading • Long history of repeatable transactions • Long term relationships — Europe/USA/Asia • Strong pipeline of deals • Leveraging fleet and capability — Trading • Concentration on 100-
Slide 12: Stewart Tully, Chief Executive Officer
Stewart Tully Chief Executive Officer Investor Day 12
Slide 13: Alliance KPIs
Alliance KPIs Safety On-Time Financial Nothing comes Performance Sustainability before it. Every Every action affects task, every time. the bottom line. Investor Day 13
Slide 14: Alliance 2020
Alliance 2020 FLEET IN SERVICE STAFF 30 JUNE 2020 HEADCOUNT Fokker 50: 3 Pilots: 164 Fokker 70: 12 Cabin Crew: 134 Fokker 100: 23 Engineers: 132 Flight hours Total Fleet: 38 Corporate: 121 Total Headcount: 551 37,620 Investor Day 14
Slide 15: Fleet and Growth Strategy
Fleet and Growth Strategy Alliance had a strategy of more of the same, then, the world turned upside down with COVID and opportunities presented. Investor Day 15
Slide 16: Major decisions and events 2020-2024
Major decisions and events 2020-2024 Hangar 2 Rockhampton hangar Fokker 50 ACCC denies Brisbane approved retirement QF proposal acquisition & sale 2020 2021 2022 2023 2024 14 x E190s 16 x E190s Qantas scheme of 30 x E190s Hangar A&B acquired acquired arrangement acquired acquisition proposed (Aercap
Slide 17: Significant growth milestones 2020-2024
Significant growth milestones 2020-2024 E190 pilot CASA recruitment Virgin Air Operators QF Wetlease QF Wetlease Rockhampton and training Wetlease Certificate approval extended to extended to first base commenced restarts E190 18 x E190s 30 x E190s maintenance check 2020 2021 2022 2023 2024 Alliance
Slide 18: Annual Flight Hours FY20-FY24
Annual Flight Hours FY20-FY24 Average headcount FY20-FY24 Total Flight Hours Aircraft in service 110000 100000 90000 FLIGHT HOURS 80000 70000 60000 50000 40000 30000 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24 Total Flight Hours 37913 37913 47519 75195 104545 Aircraft in service 42 48 61 68 72 Investor Day 1
Slide 19: Significant Growth in Total Assets
Significant Growth in Total Assets 1131 965 780 666 609 436 FY20 FY21 FY22 FY23 FY24 1H25 Total Assets Investor Day 19
Slide 20: Strong growth in revenue and cash generation
Strong growth in revenue and cash generation 647 517 369 Revenue 298 307 EBITDA 178 127 79 88 91 FY20 FY21 FY22 FY23 FY24 ROC 14% 11% 0% 10% 12% OCF ($m) 44 76 92 46 109 Investor Day 20
Slide 21: Rapid growth presents challenges and solutions
Rapid growth presents challenges and solutions CHALLENGE IMPROVEMENTS DELIVERED OR UNDERWAY People • Preserving our unique company culture Communication strategy • Talent Attraction & Retention Staff benefits and salary packaging • Navigating complex industrial relations Leadership training &
Slide 22: Alliance Fleet and personnel today
Alliance Fleet and personnel today FLEET STAFF IN SERVICE HEADCOUNT Embraer 190: 41 Flight Crew: 471 Fokker 100: 24 Cabin Crew: 436 Fokker 70: 12 Engineering: 272 Total Fleet: 77 Corporate/Admin: 266 Total Headcount: 1445 *includes 4 x E190s Dry Lease to Air North Investor Day 22
Slide 23: FIFO client's major commodities exposure
FIFO client's major commodities exposure Top 16 contracts FY20 Current Investor Day 23
Slide 24: Significant growth in wet lease activity
Significant growth in wet lease activity Top 16 contracts FY20 Current Investor Day 24
Slide 25: Alliance's commitment to ESG
Alliance’s commitment to ESG ENVIRONMENT SOCIAL GOVERNANCE Committed to eco- Fostering Social responsibility Strong focus on corporate friendly initiatives to and positive community impact. governance principles and safeguard our planet for management. future generations. • Prioritising Safety First
Slide 26: Focus and outcomes
Focus and outcomes FOCUS OUTCOMES Fleet Plan • Fleet optimisation with the continued E190 fleet deployment for Alliance. A simpler business maintaining and enhancing unique Optimising On Time Performance for customers as a result of: value proposition for customers and the barrier to entry for com
Slide 27: Alliance Airlines
Alliance AIRLINES
Slide 28: Disclaimer
DISCLAIMER Reliance on third party information Not investment advice (cont.) Future performance and forward-looking statements This presentation was prepared by Alliance Aviation Services Any decision to buy or sell securities or other products should be This Presentation contains certain “forward-l
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