Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q1 2017 Earnings Presentation
14 slides from Jazeera Airways Co. (ksc)'s earnings presentation, May 4, 2017
Slide 1: Starting Shortly
Starting Shortly 1 (C) Jazeera Airways 2017
Slide 2: 2017: Navigating through Macroeconomic Challenges & Investing in Success
2017: Navigating through Macroeconomic Challenges & Investing in Success EARNINGS WEBCAST M AY 4 , 2 0 1 7 1 4 0 0 h r s Q1 2017 (C) Jazeera Airways 2017 2
Slide 3: Q1 2017 Results: Headline Financial Results
Q1 2017 Results Headline Financial Results Operating Operating Net revenue result result 10.1 m -1.0 m - 0.9 m KD KD KD -15.3% Vs. Q1 2016 Load factor 72% - 0.9% vs Q1 2016 (C) Jazeera Airways 2017 (C) Jazeera Airways 2017 3
Slide 4: Q1 2017 Discussion - the new normal
Q1 2017 Discussion - the new normal Regional Slowing overcapacity Rising Oil Macroeconomy prices YIELD (C) Jazeera Airways 2017 (C) Jazeera Airways 2017 4
Slide 5: Q1 2017 Discussion - our response
Q1 2017 Discussion - our response Slowing Overcapacity Low Oil Macro prices YIELD Upgrading Robust e-commerce cost platform Upgrading Product control (in-flight + on-ground) (C) Jazeera Airways 2017 (C) Jazeera Airways 2017 5
Slide 6: 2017 Outlook
2017 Outlook The economy will stabilize at current levels, becoming the new normal Internally, we will continue to focus on increasing our efficiency across our business We expect our product differentiation initiatives to start generating results, creating an opportunity to bring up yields Our dedi
Slide 7: Financial Review
Financial Review (C) Jazeera Airways 2016 (C) Jazeera Airways 2017 7
Slide 8: Financial Review: Results discussion, Yield vs Passengers
Financial Review Results discussion Yield (KD) vs Passengers (million) By quarter =Q1 In Kuwaiti Dinars 61 59 Q1’17 Q1’16 % CHANGE Yield 52 57 53 54 53 50 49 Q1 48 48 48 49 47 47 46 44 43 Operating Rev 43 10,051,000 11,867,346 -15.3% 40 41 40 38 36 36 0.38 0.38 Operating Exp 11,082,187 10,238,342 8.
Slide 9: Financial Review: Fuel price review
Financial Review Fuel price review (USD) $132 SINGJET Swap Mark ($/BBL) BRENT Swap Mark $120 $120 $108 2013 2014 2015 2016 2017 ͐͐͐͐͐͐ ͐ ͐͐͐͐͐͐ ͐͐͐͐͐͐͐ ͐͐͐͐͐͐͐ $65 $63 $53 $50 $40 $32 (C) Jazeera Airways 2017 (C) Jazeera Airways 2017 9
Slide 10: Financial Review: Equity, Debt to Equity and Cash
Financial Review Debt to Equity Q3: 82.7 Equity (KD million) Debt to Equity Q3: 63.3 Cash Q2: 55.7 Q1: 36.0 Q4: 31.6 KD3 m Q1: 28.8 dividend Q2: 12 paid Q4: 4.2 Q2: 1.3 Q1: 0.04 2016 2017 (C) Jazeera Airways 2017 (C) Jazeera Airways 2017 10
Slide 11: Balance Sheet Highlights
Financial Review Balance Sheet Highlights In Kuwaiti Dinars Mar’17 Dec’16 Share Capital 20.0 m 20.0 m Equity 36.0 m 37.0 m Cash 28.8 m 29.4 m Debt 1.5 m 0 Working Capital 3.8 m 3.9 m (C) Jazeera Airways 2017 (C) Jazeera Airways 2017 11
Slide 12: Q&A
Q&A (C) Jazeera Airways 2017 (C) Jazeera Airways 2017 12
Slide 13: Key contacts and links
Key contacts and links For more information This and other Jazeera Airways please contact presentations KSC is listed on the are available on Kuwait Stock Donald Hubbard Exchange. Chief Financial Officer Don.Hubbard@jazeeraairways.com Bloomberg: Jazeera KK investorrelations@jazeeraairways.com http:/
Slide 14: Disclaimer
Disclaimer Information contained in our presentation is intended solely for your personal reference and is strictly confidential. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. We do not mak