Aegean Airlines SA · ATHEX:AEGN
Aegean Airlines SA — FY2008 Earnings Presentation
8 slides from Aegean Airlines SA's earnings presentation, Mar 12, 2009
Slide 1: Aegean Airlines Year 2008 Analysts Conference Call
Aegean Airlines Year 2008 Analysts Conference Call March 12, 2009
Slide 2: Key Highlights
Key Highlights 4 Turnover increased 27% to €611.7m from €482.7m 4 Total passengers served reached 6m, +14% above 2007 (+24% international, +9% domestic y-o-y growth) 4 Scheduled services load factor at 70%, matching prior year’s, with 8% larger average capacity per aircraft flown 4 RASK increased 4%
Slide 3: Traffic development
Traffic development 4 Passengers 14% higher, driven by international network 4 Load factor sustained on route maturity despite capacity added 4 Market share at AIA rises to 29% vs 25% (,000) 2007 2008 08 vs 07 Domestic passengers 3,356 3,667 9% International passengers 1,870 2,311 24% Total passenge
Slide 4: P&L highlights
P&L highlights Euro (million) 2007 2008 08 vs 07 Revenue 482.7 611.7 27% EBITDAR 83.1 102.2 23% EBITDAR margin 17% 17% -0.52pp EBITDA 47.1 57.5 22% EBT 44.6 39.9 -10% Net income 35.8 29.5 -18% Euro (million) 4Q 2007 4Q 2008 08 vs 07 Revenue 112.2 143.5 28% EBITDAR 10.0 18.4 83% EBITDAR margin 9% 13%
Slide 5: Strong Balance Sheet & Cash Flows
Strong Balance Sheet & Cash Flows Euro (million) 2007 2008 Loans 57.5 39.5 Finance lease liabilities 0.0 46.5 Cash & cash equivalents 158.3 182.8 Total equity 167.5 218.8 Euro (million) 2007 2008 Net cash flows from operating activities 29.2 54.8 Net cash flows from investing activities (20.1) 1.1 N
Slide 6: Key Performance Indicators
Key Performance Indicators 2007 2008 08 vs 07 Load Factor (RPK/ASK) – Scheduled 69.5% 69.5% 0pp Load Factor (Pax/AVS) – Scheduled 69.2% 69.7% +0.5pp Avg Pax/flight 96 104 +8 pax Yield (€ cents) 13.4 14.0 5% RASK (€ cents) 9.4 9.8 4% CASK - EBITDAR level (€ cents) 7.8 8.2 5% CASK - EBITDAR level (exc
Slide 7: Prospects for 2009
Prospects for 2009 4 European economic slowdown – Demand to reflect weakness in economy 4 Declining yield trends expected 4 New international routes execution risk 4 Unit costs to reflect impact of lower fuel prices and fleet renewal 4 Continue to develop product and brand 4 2009 financing for aircr
Slide 8: Forward Looking Statements
Forward Looking Statements Except for historical information, the statements made or information contained in this presentation are forward-looking in nature and, as such, are subject to certain risks and uncertainties, many of which are beyond the Company’s control, which could cause the actual res