Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — Q3 FY20/21 Earnings Presentation

14 slides from Singapore Airlines's earnings presentation, Feb 5, 2021

1. Slide 1: Business Update Q3 FY20/21

   BUSINESS UPDATE Q3 FY20/21 (ended 31 December 2020) 5 February 2021 The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This materi

2. Slide 2: Group Financial Results

   Group Financial Results The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be modified, reproduced, distribu

3. Slide 3: Key Takeaways – Q3 FY20/21 Results

   Group Financial Results Key Takeaways – Q3 FY20/21 Results  Quarter-on-quarter increase in Group passenger capacity and passenger carriage  Weakness in passenger business persists as border controls and travel restrictions remained in place amid new waves of Covid-19 infection  Strong cargo perfo

4. Slide 4: Group Financial Results

   Group Financial Results Q3 Q3 Better/ 9M 9M Better/ FY20/21 FY19/20 (Worse) FY20/21 FY19/20 (Worse) ($’M) ($’M) (%) ($’M) ($’M) (%) Total Revenue 1,067 4,471 (76.1) 2,701 12,795 (78.9) Total Expenditure 1,398 4,022 65.2 4,895 11,933 59.0 -- Net fuel cost 274 1,207 77.3 650 3,556 81.7 Fuel cost (befo

5. Slide 5: Revenue Q3 FY20/21

   Group Revenue Q3 FY20/21 Weakness in passenger business partially offset by strong cargo performance Group Revenue ($’M) 4,471 Group Revenue Breakdown ($’M) 4,102 4,222 Engineering 3,181 Services, Other Pax Cargo & Mail Revenue and Others 13.1% $744M 69.8% $140M (+$222M, +42.4%) 17.1% (-$147M, -51.3

6. Slide 6: Expenditure Q3 FY20/21

   Group Expenditure Q3 FY20/21 Lower net fuel cost and non-fuel costs Cost Composition ($M) Non-fuel expenditure Net fuel cost 17.7% $1,275M 82.3% 82.3% 17.7% $274M Group Expenditure ($’M) (-$1,540M, -54.7%) (-$933M, -77.3%) 3,902 4,009 4,022 3,984 Note: Pie chart above excludes fuel hedging ineffecti

7. Slide 7: Operating Loss Q3 FY20/21

   Group Operating Loss Q3 FY20/21 Weakness in passenger business persisted Group Operating Profit/(Loss) ($’M)  Q3 recorded an operating loss of $331M 449 (-$780M y-o-y) due to weakness in pax 200 213 business as Group pax carriage fell 97.6% y-o-y. -331  Q3 operating loss narrowed q-o-q mainly due

8. Slide 8: Net Loss Q3 FY20/21

   Group Net Loss Q3 FY20/21 Net loss due to weak operating performance Net Profit/(Loss) ($’M) 315  Q3 recorded a net loss of $142M (-$457M y-o-y) 111 94 due to weak operating performance y-o-y. -142 -732  Swing from tax expense to tax credit partly -1,123 offset the losses -2,344 Q1 Q2 Q3 Q4 Q1 Q2

9. Slide 9: Balance Sheet

   Balance Sheet Strong liquidity positions the Group to tackle the unprecedented Covid-19 challenges Increase in liquidity Financial gearing $12.7 billion in fresh liquidity as at 31 December 2020 Debt / Equity Ratio 1.27x 1.27x 0.78x 0.78x As at 31 Mar'20 As at 31 Dec'20 As at 31 Mar'20 As at 31 Dec'

10. Slide 10: Stepping Up Operations

    Stepping Up Operations The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be modified, reproduced, distribut

11. Slide 11: Progressively Growing the SIA Group Network

    Stepping Up Operations Progressively Growing the SIA Group Network SIA Group Passenger Capacity Growth By April 2021 % vs. pre-Covid 3,500 ~25% of pre-Covid capacity 19% 3,000 2,500 13% ~45% of pre-Covid city links ASK ('mil) 2,000 10% 1,500 8% 8% ≥ daily frequencies to 1,000 5% 3% 3% 5% key metros

12. Slide 12: Proactively Tapping on Cargo Demand

    Stepping Up Operations Proactively Tapping on Cargo Demand Growth in cargo capacity  Resumption of more passenger services  Maximisation of the utilisation of the freighter fleet  Overall cargo capacity supplemented by passenger aircraft operating cargo-only flights Strengthening capabilities and

13. Slide 13: SIA Narrowbody Services and Vistara

    Stepping Up Operations SIA Narrowbody Services and Vistara Introduction of SIA 737-800 NG Vistara’s operations  Domestic operations resumed on 25 May o Over 70% of pre-Covid domestic capacity o Load factors have risen to an average of 65% since restart  International operations allowed under trave

14. Slide 14: Thank You

    Thank You The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be modified, reproduced, distributed, republish

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