Air Arabia PJSC · DFM:AIRARABIA
Air Arabia PJSC — H1 2009 Earnings Presentation
16 slides from Air Arabia PJSC's earnings presentation, August 2009
Slide 1: Air Arabia PJSC Investor Presentation H1 2009
Air Arabia PJSC Investor Presentation H1 2009 August -1-
Slide 2: Disclaimer
Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assumes no responsibility or liability
Slide 3: Agenda
Agenda Air Arabia at a Glance Financial Highlights August -3-
Slide 4: Highlights
Highlights • A national carrier of the UAE… Established in 2003 by the Government of Sharjah • First and largest low-cost airline in the MENA region 7.1 billion RPK 8.3 billion ASK 3.6m passengers carried 2008 • Current fleet of 16 (May 09) Airbus 320s • Network (May 09) , 46 destinations in 2
Slide 5: Network
Network Comprehensive network. August -5-
Slide 6: Experienced Management Team
Experienced Management Team August -6-
Slide 7: Highly Profitable Low Cost Carrier Business Model
Highly Profitable Low Cost Carrier Business Model stently Achieved the Highest Level of Aircraft Utilization in the A320 Family * Source: Airbus YTD we have achieved a flying time per aircraft of over 14 hours per day with more than 99% reliability August -7-
Slide 8: Consistent Load Factors
Consistent Load Factors Historic Load Factor vs Pax Numbers - 2008/09 400,000 100.0% 300,000 80.0% 60.0% 200,000 40.0% 100,000 20.0% 0 0.0% Passengers Load factor Linear (Passengers) August -8-
Slide 9: Passengers and Aircraft
Passengers and Aircraft Number of Destinations Fleet Size 50 44 46 18 16 16 40 37 16 32 14 12 11 30 23 10 8 20 15 8 6 5 10 5 4 3 2 0 0 2003 2004 2005 2006 2007 2008 H1/ 09 2004 2005 2006 2007 2008 H1/ 09 Total Passengers and Load Factor Geographic Distribution 4,000 3,561 100% 3,500 79% 80% Central
Slide 10: Historical Financial Performance (Group)
Historical Financial Performance (Group) H1 2009 Revenues Gross Profit Gross Profit (AED in MM) Revenues (AED in MM) 2,500 500 25.9% 30.0% 2,066 394 400 25.0% 2,000 318 19.1% % Margin 17.4% 20.0% 300 15.8% 17.4% 1,500 1,283 12.5% 15.0% 200 161 922 130 10.0% 1,000 749 65 100 24 5.0% 411 500 192 0 0.0
Slide 11: Financial Performance H1 Highlights (Group)
Financial Performance H1 Highlights (Group) Revenues Net Profit 940 Growth rate Growth rate 21% 922 920 6% 250 AED inMillions AED in Millions 900 200 880 871 150 100 193 860 160 50 840 0 H1 2008 H1 2009 H1 2008 H1 2009 August - 11 -
Slide 12: Revenue vs Cost per passenger (Group) H1 2009
Revenue vs Cost per passenger (Group) H1 2009 Revenue/Passenger – H1 2008 Vs. H1 Cost/Passenger – H1 2008 Vs. H1 2009 2008 536 488 472 417 Revenue/ Passenger (AED) Cost/ Passenger (AED) H1 2008 H1 2009 H1 2008 H1 2009 12% Y-o-Y Decline 15% Y-o-Y Decline Cost/Passenger – Excluding fuel 284 268 6% Y-o
Slide 13: Operating costs as a percentage of revenue
Operating costs as a percentage of revenue 100.0% 4.6% 90.0% 13.6% 3.7% 3.7% 0.5% 12.5% 2.3% 0.3% 80.0% 10.0% 13.3% 14.3% 11.9% 14.4% 70.0% 11.4% 8.2% 9.1% 10.8% 8.9% 11.4% 10.9% 60.0% 9.9% 11.0% 11.0% 17.1% 50.0% 14.4% 13.5% 10.3% 13.9% 11.8% 40.0% 13.3% 30.0% 28.5% 32.4% 31.7% 40.7% 31.2% 20.0% 29
Slide 14: Operating Statistics (Airline)
Operating Statistics (Airline) 2004 2005 2006 2007 2008 H1 09 # of Aircrafts 3 5 8 11 16 17 Average Aircrafts 3.0 4.9 6.0 9.5 14.5 17 Destinations 15 23 32 37 44 46 # of Passengers (Millions) 0.6 1.1 1.7 2.7 3.6 2.0 RPK (Billions) 1.2 2.5 3.7 5.0 7.1 4.0 ASK (Billions) 1.8 3.2 4.7 5.8 8.3 5.0 Averag
Slide 15: Joint venture revenues growing
Joint venture revenues growing H1 2009 H1 2008 SAS 38.9m 27.7m Alpha Flight Catering 11.9m 9.7m SATA 4.1m 2.7m August
Slide 16: Air Arabia (Maroc)
Air Arabia (Maroc) • Casablanca Morocco • Three Aircraft • 9 European Destinations (check) • 77,000 passengers carried in first 3 months. August