Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — H1 FY2010/11 Earnings Presentation

14 slides from Singapore Airlines's earnings presentation, Nov 10, 2010

  1. Slide 1: Analyst / Media Briefing: Half Year and 2nd Quarter FY2010-11 Results

    SINGAPORE AIRLINES GROUP ANALYST / MEDIA BRIEFING Half Year and 2nd Quarter FY2010-11 Results 10 NOVEMBER 2010 THE PARENT AIRLINE 1H FY2010/11 RESULTS

  2. Slide 2: Parent Airline Company Results – 2Q & 1H FY10/11

    THE PARENT AIRLINE COMPANY RESULTS – 2Q & 1H FY10/11 Better/ Better/ 2Q/10 (Worse) 1H/10 (Worse) $million % $million % Total Revenue 2,932 19.6 5,708 22.1 Total Expenditure 2,688 (3.0) 5,328 (4.4) - Fuel Cost 866 (8.8) 1,741 (22.0) - Fuel Hedging Loss 33 79.9 97 75.8 - Ex-fuel Cost 1,789 (8.5) 3,490

  3. Slide 3: Operating Performance – 2Q & 1H FY10/11

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 2Q & 1H FY10/11 1Q/10 2Q/10 1H/10 % Change Passenger Yield 11.7 11.8 11.8 + 18.0 (¢/pkm) Passenger Unit Cost 9.0 8.8 8.9 + 3.5 (¢/ask) Passenger Breakeven 76.9 74.6 75.4 - 10.6 pts Load Factor (%) Slide 5 THE PARENT AIRLINE COMPANY OPERATING PERFORM

  4. Slide 4: Operating Performance: Passenger Load Factor

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor (%) 90 85 80.3 80 79.4 77.5 77.9 75.6 75 70 65 0 1H/06 1H/07 1H/08 1H/09 1H/10 Slide 7 THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor (%) Breakeven Load Factor 90 86.0 85 80.3 80 79.4 77.5 77.9 75.6 75.6 7

  5. Slide 5: Operating Performance: Load Factor and Passenger Yield

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor (%) Breakeven Load Factor 90 86.0 85 -10.4 80.3 80 79.4 77.5 77.9 75.6 4.0 75 4.6 10.2 5.7 75.4 72.9 72.2 70 70.1 65 0 1H/06 1H/07 1H/08 1H/09 1H/10 Slide 9 THE PARENT AIRLINE COMPANY PASSENGER YIELD (¢/pkm) pkm Passenger Yield 1

  6. Slide 6: Cost Composition – 1H FY10/11

    THE PARENT AIRLINE COMPANY COST COMPOSITION – 1H FY10/11 Others 21.5% (+1.3% pts) Fuel Cost Post Hedging 34.5% Sales Costs (-1.3% pts) 5.2% (+0.5% pt) Airport Handling 7.4% (-0.4% pt) Aircraft Staff Depreciation 14.4% & Rentals (+0.6 +0.6% pt) 17.0% (-0.7% pt) Slide 11 THE PARENT AIRLINE COMPANY TOP

  7. Slide 7: The Group 1H FY2010/11 Results

    THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – 1H FY10/11 ($ million) 2,400 +389 +24 2,200 2,000 -99 1,838 1,827 (+11) 1,800 -303 1,600 1,400 Higher Higher Weaker Lower weighted volume US Dollar Hedging 1,200 average uplifted Losses fuel price 0 1H/09 Price Volume Exchange Hedging 1H/10 Slide 13 THE

  8. Slide 8: Group Revenue – 1H FY10/11

    GROUP REVENUE – 1H FY10/11 ($ million) Half Year 4,000 Revenue 3,750 3,631 $7,097M 3,466 3,500 Year-on-Year 3,250 3,082 $1,143M 3,000 (+19.2%) 2,872 2,750 2,500 2,250 0 1Q/PY 2Q/PY 1Q/CY 2Q/CY Slide 15 GROUP REVENUE – 1H FY10/11 ($ million) Half Year 4,000 Revenue 3,750 3,631 $7,097M 3,466 3,500 Yea

  9. Slide 9: Group Expenditure – 1H FY10/11

    GROUP EXPENDITURE – 1H FY10/11 ($ million) Half Year 4,000 Expenditure 3,750 $6,501M 3,500 3,264 3,286 Year-on-Year 3,191 3,215 3,250 $46M 3,000 (+0.7%) 2,750 2,500 2,250 0 1Q/PY 2Q/PY 1Q/CY 2Q/CY Slide 16 GROUP EXPENDITURE – 1H FY10/11 ($ million) Half Year 4,000 Expenditure 3,750 $6,501M 3,500 3,2

  10. Slide 10: Group Operating Profit – 1H FY10/11

    GROUP OPERATING PROFIT – 1H FY10/11 ($ million) Half Year 500 Op Profit 400 345 $596M 300 251 200 Year-on-Year 100 $1,097M 0 -100 -200 -182 -300 -400 -319 -500 1Q/PY 2Q/PY 1Q/CY 2Q/CY Slide 17 GROUP OPERATING PROFIT – 1H FY10/11 ($ million) Half Year 500 Op Profit 400 345 $596M 300 251 200 Year-on-Y

  11. Slide 11: Contribution to Group Operating Profit – 1H FY10/11

    CONTRIBUTION TO GROUP OPERATING PROFIT – 1H FY10/11 ($ million) 1H/10 1H/09 Change Singapore Airlines 380 (428) + 808 SIA Cargo 102 (193) + 295 SIA Engineering 71 47 + 24 SilkAir 36 (5) + 41 Slide 18 GROUP NET PROFIT – 1H FY10/11 ($ million) Half Year 500 380 Net Profit 400 $633M 300 253 200 Year-on

  12. Slide 12: Group Net Profit and Group Results

    GROUP NET PROFIT – 1H FY10/11 ($ million) Half Year 500 380 Net Profit 400 $633M 300 253 200 Year-on-Year 100 $1,099M 0 -100 -200 -159 -181 Year-on-Year -300 (ex-SATS) -400 -307 -343 $1,157M -500 1Q/PY 2Q/PY 1Q/CY 2Q/CY Slide 19 GROUP RESULTS – 1H FY10/11 1H/10 1H/09 EBITDAR Per Share ($) 1.64 0.70

  13. Slide 13: Business Outlook for the 2nd Half Year

    BUSINESS OUTLOOK FOR THE 2nd HALF YEAR OUTLOOK FOR 2nd HALF YEAR ƒ 5% capacity growth year-on-year ƒ Steady pax load factor ƒ Stable yields ƒ Volatile forex ƒ Jet fuel around USD95/BBL Slide 22

  14. Slide 14: Singapore Airlines Limited

    Singapore Airlines Limited Company Registration No.: 197200078R Further information and media releases can be found at the Singapore Airlines internet website www.singaporeair.com.sg

Singapore Airlines — H1 FY2010/11 Earnings Presentation on 6ix