Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — FY2024 Earnings Presentation
22 slides from Alliance Aviation Services's earnings presentation, Aug 28, 2024
Slide 1: Results Presentation for the Year Ended 30 June 2024
RESULTS PRESENTATION - For The Year Ended - 30 JUNE 2024 Alliance Aviation Services Limited
Slide 2: FY2024 Highlights
FY2024 HIGHLIGHTS Record revenue, EBITDA, profit before tax and flight hours $646.8m $178.4m $86.3m Revenue EBITDA Profit Before Tax $109.3m 104,545 72 Operating Cashflow Flight Hours Aircraft in (excl. aircraft acquisitions Service classified as inventory) Investor Presentation – August 2024 2
Slide 3: Operational Snapshot
OPERATIONAL SNAPSHOT 23 94% 86 Years of operation On-time performance Aircraft (All owned)1 (7 undergoing part out & 7 awaiting entry into service maintenance) 98% 1,413 $473m Australasian owned Employees Market capitalisation2 1. As at 27th August 2024 including three on dry lease. Investor Present
Slide 4: Revenue Streams
REVENUE STREAMS 97% of flights operated by Alliance in FY2024 were operated under long term contracts. CONTRACT WET LEASE AD HOC AVIATION CHARTER (FIFO) CHARTER SERVICES Flights operated on behalf of Providing flight services to major Short-term flying contracts Alliance provides specialised resourc
Slide 5: Operational Metrics
OPERATIONAL METRICS Alliance continues to realise increased economic benefits of its capital expansion programme. Increases in both activity and asset utilisation has been the key profitability driver in FY2024. Detail 30 June 2024 30 June 2023 Aircraft in service – Fokker 37 37 Contract Revenue as
Slide 6: Financial Summary
FINANCIAL SUMMARY For the Year Ended 30 JUNE 2024
Slide 7: Income Statement
30 June 2024 30 June 2023 % PCP INCOME STATEMENT ($ in millions) Actual Actual Change Revenue Observations: Contract revenue 309.8 297.0 4% Wet lease revenue 265.7 163.5 63% • Wet lease revenue increased as additional aircraft were deployed on wet lease services at the same time utilisation per airc
Slide 8: Statement of Financial Position
30 June 2024 30 June 2023 % PCP STATEMENT OF ($ in millions) Cash Actual 31.2 Actual 22.3 Change FINANCIAL POSITION Receivables Inventory 78.3 143.6 79.1 89.6 Total current assets 253.1 191.0 33% Observations: PP&E & Intangibles 719.6 563.6 Right of use assets 26.1 25.1 • Inventory increased in the
Slide 9: Cash Flow Statement
30 June 2024 30 June 2023 CASH FLOW ($ in millions) Actual Actual STATEMENT Receipts from customers (inclusive of GST) 703.8 533.1 Payments to suppliers (inclusive of GST) (578.7) (484.8) Payments for aircraft classified as inventory (84.5) - Observations: Net interest (paid)/received (15.9) (10.5)
Slide 10: Capital Expenditure
30 June 2024 30 June 2025 CAPITAL ($ in millions) Existing fleet maintenance Actual Forecast EXPENDITURE Cash outflows Base maintenance providers (E190 and Fokker) 25.2 37.6 Engine care program/Engine maintenance 23.2 27.5 Observations: Other miscellaneous 7.4 4.4 • 15 x Fokker and 7 x Embraer E190
Slide 11: Approved Debt Funding Facilities
APPROVED DEBT FUNDING FACILITIES The latest E190 aircraft acquisition program had an expected cost range of between $300 million and $336 million for the final 28 aircraft. The current average cost per settled aircraft is at the top of that range. Higher cost to equal more value. Observations: • Pos
Slide 12: Driving Growth
DRIVING GROWTH For the Year Ended 30 JUNE 2024
Slide 13: Continuing E190 Fleet Expansion
CONTINUING E190 FLEET EXPANSION The Company continues to add aircraft into the fleet at the earliest available opportunity. This is forecast to accelerate in FY2025 and FY2026 100 as additional E190’s are acquired. 90 80 80 Fleet Acquisition - update Aircraft in service*: 72 68 • Alliance has settle
Slide 14: Strategy & Outlook
STRATEGY & OUTLOOK The outlook for 2025 remains strong with additional aircraft due for deployment on wet lease services and stable contract charter operations. Focus will be on cost management and margin growth. FY2024 is the first full year that has realised the benefits of FY2024 was an active ye
Slide 15: Other Information
OTHER INFORMATION For the Year Ended 30 JUNE 2024
Slide 16: National Footprint Contract Charter
NATIONAL FOOTPRINT CONTRACT CHARTER Alliance has crew and engineering bases in nearly every Australian capital city, and several regional ports being Townsville, Cairns and Rockhampton. This is a notably greater regional presence than other Australian operators, which gives Alliance a distinct advan
Slide 17: National Footprint Contract Wet Lease
NATIONAL FOOTPRINT CONTRACT WET LEASE Alliance’s wet lease operations are based on a fixed schedule with seasonal fluctuations. Under contracted wet lease agreements, Alliance has operated to nearly every state in Australia. The routes shown are those flown in June 2024. Investor Presentation – Augu
Slide 18: Growing Contract Client Base
GROWING CONTRACT CLIENT BASE Seven major contract renewals in FY2024. Re-confirms Alliance as the leading FIFO operator in Australia. Safe, on-time and cost effective charter solutions. Contract 15 Contract 14 Contract 13 Contract 12 Contract 11 Contract 10 Contract 9 Contract 8 Contract 7 Contract
Slide 19: Commodity Exposure
COMMODITY EXPOSURE Major commodity exposure as a percentage of the top 15 contracted FIFO client's revenue for the year ended 30 June 2024. Silver / Lead / Zinc 5% Manganese 7% Gold Coal 27% 5% 15 Iron Ore Major Contracts 20% FY2024 Copper/ Gold /Uranium 12% Nickel Oil / Gas 17% 7% Investor Presenta
Slide 20: Superior Operational Performance
SUPERIOR OPERATIONAL PERFORMANCE On-time Performance Comparison Safety Certifications The Alliance on-time performance record is one of its major differentiating factors Safety is the Group’s number one priority. Alliance is proud to hold the IATA and a key driver of its exceptional track record of
Slide 21: Disclaimer
DISCLAIMER Reliance on third party information Not investment advice (cont.) Future performance and forward-looking statements This presentation was prepared by Alliance Aviation Services Any decision to buy or sell securities or other products should be This Presentation contains certain “forward-l
Slide 22: Thank You
THAN K YOU Alhance
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