Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — FY2024 Earnings Presentation
30 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Feb 4, 2025
Slide 1: FY24 Earnings Webcast
FY24 Earnings Webcast 04 February 2025
Slide 2: Starting Shortly…
Starting Shortly…
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda Operational & Financial Headlines Operational Performance Outlook for FY25 Financial Review 5-Year Strategy Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 4Q24 Operational Headlines
4Q24 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 4Q24: 1,247 k 4Q24: 79.4% 4Q24: 11.8 hrs 4Q24: KWD33.7 4Q23: 1,147 k 4Q23: 75.8% 4Q23: 12.7 hrs 4Q23: KWD31.8 +8.7% +3.6% -6.5% +6.0% RASK CASK CASK (ex-fuel) 4Q24: 14.7 KWfils 4Q24: 17.7 KWfils FY24: 12.0 KWfils 4Q23: 13.7 KWfils 4
Slide 7: FY24 Operational Headlines
FY24 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD FY24: 4.9 mn FY24: 78.4% FY24: 12.1 hrs FY24: KWD39.6 FY23: 4.7 mn FY23: 78.1% FY23: 13.5 hrs FY23: KWD39.6 +5.1% +0.3% -10.3% 0.0% RASK CASK CASK (ex-fuel) FY24: 17.9 KWfils FY24: 17.9 KWfils FY24: 12.3 KWfils FY23: 17.1 KWfils FY2
Slide 8: 4Q24 Financial Headlines
4Q24 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 4Q24: KWD45.1 mn 4Q24: -KWD3.4 mn 4Q24: -KWD4.2 mn 4Q23: KWD39.2 mn 4Q23: -KWD6.3 mn 4Q23: -KWD7.1 mn +15.0% +45.6% +41.5%
Slide 9: FY24 Financial Headlines
FY24 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT * FY24: KWD208.6 mn FY24: KWD17.3 mn FY24: KWD10.2 mn FY23: KWD198.1 mn FY23: KWD11.8 mn FY23: KWD6.1 mn +5.3% +46.8% +66.2% • FY24 includes a one-off gain of KWD1.1 mn write back resulting from the aircraft acquisition in 4Q24 and KWD1.0
Slide 10: Ancillary Revenue
Ancillary Revenue ANCILLARY CARGO REVENUE REVENUE 4Q24: KWD4.1 mn 4Q24: KWD537 k 4Q23: KWD4.0 mn 4Q23: KWD519 k +2.2% +3.4% FY24: KWD20.3 mn FY24: KWD2.0 mn FY23: KWD17.7 mn FY23: KWD2.1 mn +14.7% -3.3% * Ancillary revenue includes airline ancillary and cargo revenue
Slide 11: Business Performance
LEADERSHIP @ JAZEERA Business Pesfonviniee
Slide 12: FY24 Market Share & Passengers Distribution
FY24 Market Share & Passengers Distribution PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC MARKET SHARE DISTRIBUTION – FY23 DISTRIBUTION – FY24 30.5% Other, 6% Europe, Other, 8% Europe, AT KWI Central 10% 11% Asia, 10% Central Asia, 8% 30.9% 30.5% 29.9% Egypt, 17% Egypt, 19% GCC, 37% GCC, 39% 28.4% Sou
Slide 13: Operational Updates
Operational Updates Fleet Passenger Movement Yield Took delivery of one Airbus A320 ceo during The most active year on record moving 4.9 Stable yield environment compared to FY23 3Q24 bringing total fleet size to 24. mn passengers across Jazeera’s network with improvement driven by change in with th
Slide 14: New destinations announced to commence in FY25.
New destinations announced to commence in FY25.
Slide 15: Outlook
Outlook
Slide 16: Positive Outlook for FY25
Positive Outlook for FY25 Revenue & Costs Industry Outlook • Network capacity management will focus on high yielding • Supply in the market is moderating. point-to-point destinations. • More opportunities in leisure destinations especially during • In parallel, Jazeera will continue to increase leis
Slide 17: Terminal 5 Performance
Terminal 5 Performance KWD3.0 mn KWD2.2 mn KWD1.9 mn 4Q24 Revenue Operating Profit Net Profit 4Q23: KWD2.7 mn 4Q23: KWD2.1 mn 4Q23: KWD1.9 mn FY24 KWD14.0 mn KWD11.3 mn KWD10.1 mn Revenue Operating Profit Net Profit FY23: KWD12.6 mn FY23: KWD10.1 mn FY23: KWD9.2 mn T5 Expansion progressing with gove
Slide 18: Financial Review
Financial Review
Slide 19: 4Q24 & FY24 Key Parameters
4Q24 & FY24 Key Parameters 4Q23 Vs 4Q24 FY23 Vs FY24 Operating Parameters 4Q23 4Q24 CHANGE Operating Parameters FY23 FY24 CHANGE Average Aircraft 22.1 24.0 8.8% Average Aircraft 21.1 23.5 11.1% Destination Cities 57 59 3.5% Destination Cities 64 70 9.4% Revenue Drivers 4Q23 4Q24 CHANGE Revenue Drive
Slide 20: 4Q24 Financial Performance
4Q24 Financial Performance KWD mn 4Q23 4Q24 CHANGE Operating Revenue 39.2 45.1 15.0% Operating Expenses -45.5 -48.5 6.6% Operating Profit (Loss) -6.3 -3.4 45.6% Net Profit (Loss) -7.1 -4.2 41.5% • Operating revenue increased by 15.0% mainly due to 3.6% higher seat factor, 8.7% increase in pax number
Slide 21: FY24 Financial Performance
FY24 Financial Performance • Revenue was higher by 5.3% due to growth in the number of passengers by KWD mn FY23 FY24 CHANGE 5.1% coupled with an increased load factor by 0.3% offset by a marginal yield drop of 0.2%. Revenue 198.1 208.6 5.3% • Operating expenses were higher by 2.7% despite the incre
Slide 22: 4Q24 Key Performance Metrics
4Q24 Key Performance Metrics Quarterly Passengers (000) Quarterly Yield (KWD) BRENT Vs. SINGJET Swap (USD/BBL) 1,409 44.3 SINGJET Swap BRENT Swap 42.7 107.6 102.4 98.6 1,247 91.7 37.4 88.4 1,147 1,154 1,108 33.7 85.0 82.9 81.8 32.0 78.7 74.0 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q24 2Q24 3Q24 4Q24 4Q23 1Q2
Slide 23: 5-Year Strategy
5 Year Strategy © TS
Slide 24: Accessible
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Slide 25: Jazeera's 5-Year Strategy Key Pillars
Jazeera’s 5-Year Strategy Key Pillars • FIVE-YEAR TRANSFORMATION: Jazeera is embarking on a five-year transformation to solidify its position as a leading low-cost carrier and drive sustainable growth. • COMPETITIVE ADVANTAGE: To solidify its position as a market leader, Jazeera focuses on leveragin
Slide 26: Jazeera's Four Strategic Objectives
Jazeera’s Four Strategic Objectives Safety + Operational Excellence: Operational excellence will not be achievable without meeting exceptional safety standards. Effortless Customer Experience + Operational Excellence: Smooth, reliable operations meet the basic expectations of passengers. 1. Safety i
Slide 27: 5-Year Target KPIs
5-Year Target KPIs Fleet Size (aircraft) Passengers (mn) Ancillary Revenue (KWD / Passenger) 38 9.5 6.5 6.0 31 8.0 5.5 7.0 5.0 27 4.5 24 24 24 5.8 21 5.3 3.6 4.7 4.9 3.4 3.3 10 2.4 2019 2023 2024 2025 2026 2027 2028 2029 2019 2023 2024 2025 2026 2027 2028 2029 2019 2023 2024 2025 2026 2027 2028 2029
Slide 28: Q&A
Q&A
Slide 29: Contact
Contact For more information please contact: Krishnan Balakrishnan Chief Financial Officer krishnan.balakrishnan@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reuters: JAZK.KW Stay up to date with the latest investor information: investorrelation
Slide 30: THANK YOU
-apjal Jazeera. { —~