Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — H1 FY2011/12 Earnings Presentation

10 slides from Singapore Airlines's earnings presentation, Nov 3, 2011

  1. Slide 1: SIA 73rd Business Meeting: Half Year and 2nd Quarter FY2011-12 Results

    SIA 73rd BUSINESS MEETING Half Year and 2nd Quarter FY2011-12 RESULTS 3 NOVEMBER 2011 THE PARENT AIRLINE 1H FY2011/12 RESULTS

  2. Slide 2: The Parent Airline Company Results – 2Q & 1H FY11/12

    THE PARENT AIRLINE COMPANY RESULTS – 2Q & 1H FY11/12 2Q/11 % 1H/11 % $million Change $million Change Total Revenue 3,033 +3.5 5,935 +4.0 Total Expenditure 2,944 +9.5 5,882 +10.4 - Fuel Cost 1,170 +35.1 2,384 +36.9 - Fuel Hedging Loss 9 -70.8 - n.m. - Ex-fuel Cost 1,765 -1.3 3,498 +0.2 Operating Prof

  3. Slide 3: Operating Performance – 2Q & 1H FY11/12

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 2Q & 1H FY11/12 % % 2Q/11 Change 1H/11 Change Passenger Yield 11.7 -0.8 11.8 - (¢/pkm) Passenger Unit Cost 9.2 +4.5 9.2 +3.4 (¢/ask) Passenger Unit Cost 5.0 -9.1 5.0 -7.4 Excluding Fuel (¢/ask) Passenger Breakeven 78.6 +4.0 pts 78.0 +2.6 pts Load Fa

  4. Slide 4: Operating Performance: Load Factor vs Breakeven; Cost Composition

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor vs Breakeven Load Factor Passenger Load Factor % 88 Breakeven Load Factor 84 82.4 79.3 80 78.0 79.0 75.5 78.6 76 75.2 75.6 72 0 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2009-10 2010-11 2011-12 Slide 7 THE PARENT AIRLINE COMPANY COST COMPOSITION –

  5. Slide 5: Top Expenditure and Fuel Expenditure

    THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE – 1H FY11/12 2,384 (+29.7% , +$546M) Fuel Aircraft Depr. & 905 (-0.3% , -$2M) Lease Rentals 739 (-3.4% , -$26M) Staff Costs 1H FY11/12 406 (+3.3% , +$13M) Handling Charges 1H FY10/11 288 (+5.1% , +$14M) Passenger Costs ($ million) 0 500 1,000 1,500 2,000

  6. Slide 6: The Group 1H FY2011/12 Results: Fuel Price and Expenditure Trend

    THE PARENT AIRLINE COMPANY FUEL PRICE AND EXPENDITURE - TREND Fuel Price ($ million) Fuel Expenditure (before hedging) (USD/BBL) 1,600 136 130 140 119 130 120 1,400 99 110 88 93 90 100 1,200 85 1,214 90 1,170 80 1,000 1,076 70 939 60 875 866 50 800 834 815 40 30 600 20 10 400 0 3Q/09 4Q/09 1Q/10 2Q/

  7. Slide 7: Group Revenue and Group Expenditure – 1H FY11/12

    GROUP REVENUE – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year 4,000 Revenue 3,699 3,750 3,578 3,631 +68 $7,277M 3,466 +112 +1.9% 3,500 +3.2% Year-on-Year 3,250 $180M 3,000 +2.5% 2,750 2,500 2,250 0 Q1 Q2 Slide 13 GROUP EXPENDITURE – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year 4,000 Expenditu

  8. Slide 8: Group Operating Profit and Contribution by Company

    GROUP OPERATING PROFIT – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year 500 Op Profit $134M 400 345 Year-on-Year 300 $462M 251 -77.5% -222 200 -64.4% 123 -240 100 -95.6% 11 0 Q1 Q2 Slide 15 CONTRIBUTION TO GROUP OPERATING PROFIT – 1H FY11/12 ($ million) 1H/11 1H/10 Change % Change Singapore Airlin

  9. Slide 9: Group Net Profit – 1H FY11/12

    GROUP NET PROFIT – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year 500 Net Profit $239M 400 380 Year-on-Year 300 -186 $394M 253 -48.9% -62.2% 194 200 -208 100 -82.3% 45 0 Q1 Q2 Slide 17 GROUP NET PROFIT – 1H FY11/12 ($ million) Lower 700 operating 633 profit 600 500 Return of capital on -394 400 re

  10. Slide 10: Group Results – 1H FY11/12

    GROUP RESULTS – 1H FY11/12 1H/11 1H/10 EBITDAR Per Share ($) 1.23 1.64 Earnings Per Share (¢) 20.0 53.0 Interim Dividend Per 10.0 20.0 Share (¢) At 30 Sep 11 At 31 Mar 11 Net Asset Value Per 10.90 11.89 Share ($) Slide 19

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