Norwegian Air Shuttle Asa · OSL:NAS
Norwegian Air Shuttle Asa — Investor Presentation (April 2022)
14 slides from Norwegian Air Shuttle Asa's investor presentation, April 2022
Slide 1: Norwegian Air Shuttle – Investor Presentation April 2022
Norwegian Air Shuttle – Investor Presentation April 2022
Slide 2: Norwegian today
Norwegian today
Slide 3: Strong Nordic presence - proven, profitable routes
Strong Nordic presence - proven, profitable routes Leading Nordic brand Norwegian Reward Summer schedule – close to 280 routes Nordic members 4,2 mill Market Norway 1,800 position pre #1 #2 Sweden 1,250 COVID-19* Denmark 625 8.7 MILL Finland 535 #2 #2 ROW 4,500 Trusted and well known brand in all Ca
Slide 4: Norwegian restructuring – NIBD reduced 96%
Norwegian restructuring – NIBD reduced 96% 1 2 3 Secured debt Unsecured debt Net interest-bearing debt Long-haul discontinued and fleet reduced to 51 Unsecured debt significantly crammed down Capital raise of up to NOK 6,000 million aircraft and converted into Dividend Amount completed May 2021 Nego
Slide 5: Traffic figures trending up
Traffic figures trending up Traffic – PAX per month and load factor 1,4 00 90. 0% No. of revenue passengers (1,000) Satisfying load factor with ramp up 1,203 1,2 00 85. 0% - production up 36% mom 83% 81% 1,005 80% 978 1,0 00 932 940 80. 0% Summer program started 27 March 77% 74% 790 Yields marginall
Slide 6: Sales momentum into summer season
Sales momentum into summer season Traffic development 7-day rolling sales figures (abs) – All markets* Omicron demand impact in Dec. – Feb. Ukraine Adjusting capacity to demand in Q1 invasion – utilising PBH agreements Booking momentum Strong development in sales ahead of summer Fares significantly
Slide 7: The way forward
The way forward
Slide 8: Ramping up - 70 aircraft for peak summer
Ramping up - 70 aircraft for peak summer Solving “winter problem” with seasonal flexibility on fleet and crew 19 aircraft with full PBH for winter 2022/23 12 additional aircraft sourced for summer Increased crew flexibility with temporary hires New fuel-efficient aircraft reduce emissions and saves
Slide 9: Summary
Summary Capitalising on summer demand surge Fleet of 70 aircraft for summer 2022 – 80 for summer 2023 Bookings improving with strong pent-up demand Targeted marketing and sales efforts Attractive reward program Robust balance sheet and flexible cost structure Omicron and increased fuel price impacti
Slide 10: Fly Norwegian
Fly Norwegian Book tickets at Norwegian.com
Slide 11: Appendix
Appendix
Slide 12: Q4 earnings – delivering positive profits
Q4 earnings – delivering positive profits Chng. Full year Full year NOK million Q4 2021 Q3 2021 (QoQ) 2021 2020 Passenger revenue 2,032 1,517 3,912 6,455 Ancillary passenger revenue 444 388 941 1,535 Other revenue 75 22 215 1,105 Total operating revenue 2,550 1,927 +623 5,068 9,096 Personnel expense
Slide 13: Balance sheet strengthening quarter on quarter
Balance sheet strengthening quarter on quarter 31 Dec. 30 Sep. NOK million 2021 2021 Net interest bearing debt Intangible assets 2,071 2,054 Tangible fixed assets 6,768 5,827 Leasing new aircraft Total non-current assets 8,961 7,973 31 Dec. 30 Sep. Chng. NOK million 2021 2021 (QoQ) Receivables 2,153
Slide 14: 20 largest shareholders as of 31 December 2021
20 largest shareholders as of 31 December 2021* Name Country Number of shares Per cent 1 Geveran Trading Company, Ltd. Cyprus 134,123,801 14.4 % 2 Sundt AS Norway 124,003,198 13.4 % 3 Folketrygdfondet Norway 60,165,405 6.5 % 4 DNB Asset Management AS Norway 59,068,682 6.4 % 5 Davy Stockbrokers Irela
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