Kenya Airways Plc · NSEKE:KQ
Kenya Airways — 9M to December 2017 Earnings Presentation
21 slides from Kenya Airways's earnings presentation, March 2018
Slide 1: For The 9 Months Period Ended 31st December 2017
For The 9 Months Period Ended 31 ST December 2017
Slide 2: Disclaimer
Disclaimer The material in this presentation has been prepared by Kenya Airways PLC (“Kenya This presentation does not contain any offering of securities or otherwise constitute Airways”) and is only directed at persons to whom such presentation may lawfully an invitation or inducement to any person
Slide 3: Agenda
Agenda • 2017 Perspectives • Financial Results
Slide 4: Change of Financial Year
Change of Financial Year 9 Months Period Ended 31 ST December 2017
Slide 5: 2017 Perspectives
Og 2017 peRsPECTIVEs Kenya Airways :7 Ctenya airways
Slide 6: Key Achievements
Key Achievements Passengers 76.2% Revenue Numbers at Cabin Passenger 3.4 M Factor Kilometers at 8.1 M
Slide 7: Network Expansion
Network Expansion R o u t e : Victoria Falls Cape T o w n : r e q u e n c y New Route Increased F
Slide 8: A World-Class African Airline
A World-Class African Airline Kenya Airways Won Best Business Class In Africa Five Years In A Row In 2017 (WTA) African Airline Of The Year 2017 (WTA) Two Years In A Row Best Airline Company In Kenya In 2017 At The Jumia Travel Awards 2018. Best Airline Under The Aviation Sector Category At The Digi
Slide 9: Global and African Aviation
Global and African Aviation 1% Of World GDP Spent On Air Transport In 2017 International RPKs Grew By 7.9% in 2017 Relative to 2016 RPKs by African Carriers Grew by 7.5% in 2017 Relative to 2016
Slide 10: Elections in Kenya
Elections in Kenya • Kenya Private Sector Alliance lost Sh700 billion due to the prolonged polls. • Losses from the prolonged electioneering period hit KSh130 billion and estimated at 1 percent of GDP. • KQ Domestic Traffic dropped by 20%
Slide 11: Fuel Volatility
Fuel Volatility • Oil Prices Up in 2017 by 14% 54 51 48 50 52 56 58 62 64 • Rising costs is the biggest challenge to profitability. 43 47 50 46 46 48 51 47 55
Slide 12: Shareholding Structure
Shareholding Structure Following The Financial Restructuring Kenya Airways Introduced A New Shareholding Structure 5.2% No. Institution New Structure Old Structure 7.8% 1 Government of Kenya 48.9% 29.8% 2 KQ Lenders 2017 Ltd 38.1% - 3 KLM 7.8% 26.7% 48.9% 4 Minority Shareholders 2.8% 43.4% 38.1% 5 E
Slide 13: Financial Results
FINANCIAL RESULTS
Slide 14: Financial Highlights
Financial Highlights Operating Total Overheads Profit KShs 15.5 Billion KShs 1.3 Billion Loss After Tax KShs 6.1 Billion
Slide 15: Operating Statistics
Operating Statistics Nine Months to Twelve Months to 31 December 2017 31 March 2017 ASK’s (mil) 10,596 14,194 RPK’s (mil) 8,079 10,261 Cabin Factor % 76.2% 72.3% Passengers (‘000s) 3,433 4,460 Yield per RPK incl YR(USc) 8.09 8.68 Exchange Rate (KSh/US$) 103.39 100.90 Cargo Tonnes 47,908 56,825 Emplo
Slide 16: Summary Consolidated Income Statement
Summary Consolidated Income Statement Nine Months to Twelve Months to 31 December 2017 31 March 2017 KShs Mil KShs Mil Revenue 80,799 106,277 Total operating costs (79,493) (105,380) Operating profit 1,306 897 Operating margin (%) 1.6% 0.8% Other costs (7,275) (11,099) Loss before tax (5,969) (10,20
Slide 17: Summary Consolidated Statement of Financial Position
Summary Consolidated Statement of Financial Position 31 December 2017 31 Mar 2017 KShs Mil KShs Mil ASSETS Non-current assets 118,214 119,397 Current assets 21,892 26,756 TOTAL ASSETS 140,106 146,153 EQUITY AND LIABILITIES Equity attributable to owners 417 (44,964) Non-controlling interest 53 49 Tot
Slide 18: Summary Consolidated Statement Of Cashflows
Summary Consolidated Statement Of Cashflows 31 December 2017 31 March 2017 (9 months) (12 months) KShs Mil KShs Mil CASHFLOWS FROM OPERATING ACTIVITIES Cash generated from operations 11,595 13,440 Interest received 32 62 Interest paid (4,923) (7,392) Income tax paid (43) (156) NET CASH GENERATED FRO
Slide 19: Summary Consolidated Statement of Changes in Equity
Summary Consolidated Statement of Changes in Equity Mandatory Non- Share capital Share Premi- Convertible Treasury Controlling KShs Mil um KShs Mil Note Shares Reserves Interest Total Equity At 1 April 2017 7,482 8,670 - - (61,116) 49 (44,915) Change in par value (7,107) 7,107 - - - - - Issue of ord
Slide 20: Operating Profit and Loss Before Tax
Operating Profit and Loss Before Tax
Slide 21: Key Achievements
Key Achievements corporate.kenya-airways.com • Passengers number grew up to 3,4 M • 76.2 % Cabin factor • Revenue per kilometer grew by xx% to 8M A New Way to Engage
Kenya Airways — 9M to December 2017 Earnings Presentation on 6ix