Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — J.P. Morgan Industrials Conference 2023
9 slides from Delta Air Lines's conference presentation, Mar 14, 2023
Slide 1: Delta Air Lines
Delta Air Lines J.P. Morgan Industrials Conference March 14, 2023
Slide 2: Safe Harbor
Safe Harbor Statements made in this presentation that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered “forward-looking statements” under the Secu
Slide 3: Delta's Momentum Is Building In 2023
Delta’s Momentum Is Building In 2023 OUR PEOPLE OUR CUSTOMERS OUR OWNERS Delta people are our greatest Delivering operational & service excellence Robust demand with record bookings competitive strength Innovation & investment in digital engagement Disciplined supply & focus on Best-in-class perform
Slide 4: Industry Demand Continues To Recover To Long-Term Trend
Industry Demand Continues To Recover To Long-Term Trend Air Travel Revenue Below Long-Term GDP Trend Industry Revenue To & From U.S. As % Of GDP 1.3% >$300B Of Industry Historical Missing Revenue Average 1.5% Demand Upside To 1.4% 1.4% 1.4% 1.4% 1.4% 1.4% Trend Of 1.3% 1.3% 1.3% 1.3% ~$30B 1.2% 1.2%
Slide 5: Fast, Free Wi-Fi Is Delta's Next Step In Digital Engagement
Fast, Free Wi-Fi Is Delta’s Next Step In Digital Engagement UNMATCHED CUSTOMER LIFE-LONG RELATIONSHIPS WE KNOW OUR ENGAGEMENT POWERED BY SKYMILES CUSTOMERS BETTER Elevating experience in a distraction- Attracting a new generation of customers Learning customers’ needs & preferences free environment
Slide 6: Confident In Financial Outlook
Confident In Financial Outlook 2023E 2024E Revenue Growth 15% - 20% GDP+ Year Over Year Operating Margin 10% - 12% 13% - 15% Earnings Per Share $5 - $6 >$7 Free Cash Flow >$2B >$4B Leverage 3x - 3.5x 2x - 3x Adj. Debt / EBITDAR Note: All guidance metrics are adjusted for special items; see explanati
Slide 7: Delta Is Uniquely Positioned To Perform
Delta Is Uniquely Positioned To Perform CONSISTENT INDUSTRY CONSTRUCTIVE INDUSTRY BUILDING FINANCIAL LEADERSHIP BACKDROP MOMENTUM ▪ Best-in-class people, service and operation ▪ Unique demand drivers ▪ EPS growing to $5-6 in 2023 & >$7 in 2024 ▪ Premium consumer brand with strong loyalty ▪ Consumer
Slide 8: Q&A
Q&A
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures Delta sometimes uses information (“non-GAAP financial measures”) that is derived from the Consolidated Financial Statements, but that is not presented in accordance with accounting principles generally accepted in the U.S. (“GAAP”). Under the U.S. Securities and Exchange
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