Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q3 FY2014-15 Earnings Presentation
11 slides from Singapore Airlines's earnings presentation, February 2015
Slide 1: SIA Group Financial Results for 3rd Quarter and 9 Months Ended 31 December 2014
SIA GROUP FINANCIAL RESULTS For 3rd Quarter and 9 Months Ended 31 December 2014 197200078R SIA GROUP Q3 & 9M FY2014-15 1
Slide 2: SIA Group Q3 & 9M 2014-15 results and Tiger Airways
SIA GROUP Q3 & 9M 2014-15 Group Ex- Group Ex- Group # Tiger * Group Tiger Q3 Q3 9M 9M FY14/15 FY14/15 FY14/15 FY14/15 Total Revenue 4,098.5 3,913.7 11,685.8 11,501.0 Total Expenditure 3,952.2 3,771.3 11,368.3 11,187.4 -- Fuel cost 1,266.7 1,201.5 4,080.3 4,015.1 -- Fuel hedging loss 226.2 216.1 214.
Slide 3: SIA Group Ex-Tiger Group Revenue
SIA GROUP EX-TIGER Q3 & 9M FY2014-15 SIA GROUP EX-TIGER Q3 & 9M 2014-15 Group Revenue $M 4,000 3,900.7 3,905.1 3,913.7 3,874.6 3,840.2 3,800 9M FY14/15 3,682.2 $11,501.0M 3,628.4 3,600 Year-on-Year 3,400 $114.5M (-1.0%) 3,200 3,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY13/14 FY14/15 Slide 3 3
Slide 4: Group Expenditure and Cost Composition
SIA GROUP EX-TIGER Q3 & 9M 2014-15 Group Expenditure $M 4,000 3,813.8 3,800 3,758.5 3,773.4 3,771.3 9M FY14/15 3,723.6 3,688.7 $11,187.4M 3,642.7 3,600 Year-on-Year 3,400 $108.5M (-1.0%) 3,200 3,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY13/14 FY14/15 Slide 4 SIA GROUP EX-TIGER Q3 2014-15 Cost Composition ($M) Othe
Slide 5: Fuel Prices and Group Operating Profit
SIA GROUP EX-TIGER Q3 & 9M 2014-15 Fuel Prices FY14/15 Spot Price FY14/15 Contracted Fuel Price before Hedging (USD/BBL) 130 126.7 FY14/15 Average Hedged Price 125.0 125 122.8 122.2 125.2 121.6 120.6 121.3 121.1 120.8 122.5 118.8 120 120.4 120.3 117.2 119.9 116.5 116.5 116.5 118.9 118.9 118.9 120.0
Slide 6: Group Operating Profit by Company
SIA GROUP EX-TIGER Q3 2014-15 Group Operating Profit Q3 Q3 Better/ Better/ FY14/15 FY13/14 (Worse) (Worse) ($ M) ($ M) ($ M) (%) SIA 86.6 129.4 (42.8) (33.1) SIAEC 24.3 25.2 (0.9) (3.6) SIA Cargo 16.4 0.5 15.9 n.m. SilkAir 17.4 5.7 11.7 n.m. Slide 8 SIA GROUP EX-TIGER Q3 2014-15 Group Operating Prof
Slide 7: Group Net Profit and Profit Attributable to Owners
SIA GROUP EX-TIGER Q3 2014-15 Group Net Profit $M 300 288.3 Q3 FY14/15 Net Profit $201.0M 200 201.0 $150.9M (n.m.) 135.2 142.5 100 50.1 0 Q3 Q3 Q3 Q3 Q3 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 Slide 10 SIA GROUP EX-TIGER Q3 2014-15 Group Profit Attributable to Owners of the Parent $M 300 Loss vs gai
Slide 8: Parent Airline Company Q3 & 9M FY2014-15
PARENT AIRLINE COMPANY Q3 & 9M FY2014-15 PARENT AIRLINE COMPANY Q3 & 9M 2014-15 Q3 9M FY14/15 Change FY14/15 Change % % Available Seat-KM (M) 30,084.9 -0.5 90,910.1 -0.3 Revenue Passenger-KM (M) 23,549.7 -1.9 72,065.3 -0.6 Passenger Load Factor (%) 78.3 -1.1 pts 79.3 -0.2 pt Pax Yield – include fuel
Slide 9: Parent Airline Company Operating Result
PARENT AIRLINE COMPANY Q3 & 9M 2014-15 Operating Result Q3 Better/ Better/ 9M Better/ Better/ FY14/15 (Worse) (Worse) FY14/15 (Worse) (Worse) ($M) ($M) (%) ($M) ($M) (%) Total Revenue 3,185.1 35.0 1.1 9,416.3 (115.7) (1.2) Total Expenditure 3,098.5 (77.8) (2.6) 9,146.5 69.9 0.8 -- Fuel cost 1,002.4
Slide 10: Parent Airline Monthly Pax Yields and Cost Composition
PARENT AIRLINE COMPANY Q3 & 9M 2013-14 Monthly Pax Yields (Including Fuel Surcharge) 2012-13 2013-14 2014-15 ¢/pkm 12 11.6 11.6 11.5 11.5 11.4 11.4 11.4 11.3 11.3 11.3 11.2 11.2 11.4 11.2 11.1 11.1 11.3 11.3 11.2 11 10.9 11.1 11.1 10.8 10.8 11.0 10.9 10.9 10.8 10.7 10.7 10 Apr May Jun Jul Aug Sep Oc
Slide 11: Group Fuel Hedging Position
GROUP FUEL HEDGING POSITION For FY2015-16 Jet Fuel Brent Percentage hedged (%) 19 18 Average hedged price 114 98 (USD/BBL) Slide 17 11
Singapore Airlines — Q3 FY2014-15 Earnings Presentation on 6ix