Kenya Airways Plc · NSEKE:KQ
Kenya Airways — H1 2022 Earnings Presentation
23 slides from Kenya Airways's earnings presentation, 2022
Slide 1: Kenya Airways Investor Briefing Half Year 2022
Kenya Airways Investor Briefing Half Year 2022
Slide 2: Agenda
Change image Agenda 01. Agenda 1 • Introduction of session 02. Agenda 2 • Industry Review 03. Agenda 3 • Business Updates 04. Agenda 4 • Financial Results 05. Agenda 5 • Q&A 06. Agenda 6 07. Agenda 7
Slide 3: Revenue Passenger Kilometre Trend (RPKs)
Revenue Passenger Kilometre Trend (RPKs) Continued recovery post COVID with projected recovery in 2024 2022 demand resurgence expected to reach 83% of pre pandemic levels fuelled by: • Strong pent-up demand for Travel • Travel restrictions in most countries lifted • Expanded personal savings Source:
Slide 4: Cargo Tonnage per Kilometre
Cargo Tonnage per Kilometre Cargo tonnage decreasing as passenger travel recovers Factors contributing to Cargo tonnage decline: • Withdrawal of Preighters due to increased passenger demand • Decline in global new export orders • Geopolitics (War in Ukraine) • Omicron outbreak in China Source: IATA
Slide 5: Business Performance
Business Performance J Qpengrrinys Dail of yh
Slide 6: Network Growth & Partnerships
Network Growth & Partnerships Zanzibar Mauritius Cape Town Amsterdam Paris London ‘21 2x Weekly 0x Weekly 1x Weekly 0x Weekly 2x Weekly 2x Weekly 12x Weekly 4x Weekly 2x Weekly 5x Weekly 4x Weekly 7x Weekly ‘22
Slide 7: Cargo Performance
Cargo Performance Cargo continues Good performance HY 2022 = 34,800 Tonnes 21,000 Tonnes Horticultural & fresh meat products to Europe & HY 2021 = 29,960 Tonnes Middle East 11,800 Tonnes Electronic consumer, machinery, pharmaceuticals and fashion goods from Europe & Asia to Africa 1,200 Tonnes Pharm
Slide 8: Partnerships
Partnerships Increased connectivity, more customer options…
Slide 9: Fahari Aviation
Fahari Aviation Training Operations Partnerships • Agriculture applications • eVTOL (Air Taxis) • Aerial surveillance • Boeing Aircraft • 28 Drone pilots • Instructor training ongoing • Mapping GIS service inspection • Conservation • ESRI East Africa data processing & AI • Infrastructure inspection
Slide 10: Sports Partnerships
Sports Partnerships Safari Rally • WRC Safari Rally: Official Airline Partner • FIA Rally Star : Sponsored 4 Kenyan youth drivers Marketing and Brand Visibility • +900 Million viewers across 150 countries Revenue Opportunities • Rally cars & Spare parts flown in by KQ Cargo • Passenger revenue from
Slide 11: Sustainability
Sustainability Sustainable Flight Challenge A SkyTeam initiative to; • Drive innovation • Reduce aviation’s impact on environment • Spur breakthrough ideas from airlines. 15% Winner Operational Best Improvement Route & maintenance optimization, Partnership eco piloting, weight reduction 1,500+ 4.4 %
Slide 12: Operational Challenges
Operational Challenges COVID Related Geopolitics Blocked Funds Europe Europe • Ukraine • Manpower challenges • Globally - USD 1.6B Africa • Tigray conflict • Africa - USD 1B Asia • China continued restrictions • Somalia • Sudan Africa • South Sudan • Madagascar delayed opening Elections • Kenya • An
Slide 13: Financial Risks
Financial Risks Foreign Exchange Brent crude Inflation USD/Barrel fluctuations Kshs to US Dollar Inflation Trends 2021 VS. 2022
Slide 14: Operational Highlights
Operational Highlights Key cy- PY— Current Year Previous Year ce +10 pts Cabin Factor (%) CY 68% PY 58% 2019: 75% (-7Pts) ———aaaa—" = = +76% Turnover (Ksh Mil) CY 48,104 PY 27,354 2019: 58,550 (-18%) ‘ 9 +86% +85% Available Seat KMs (Mil) Passenger Numbers (Mil) CY 4,412 CY 3.0 PY 2,378 PY 1.4 2019:
Slide 15: Turnover Trend
Amount in Kshs million Turnover Trend
Slide 16: Cost Trend
Amount in Kshs million Cost Trend
Slide 17: Profit Trend
Amount in Kshs million Profit Trend
Slide 18: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement
Slide 19: Slide 19
Slide 20: RE-IGNITE
Culture Transformation RE-IGNITE Compelling Talent Management Employer Value & Development Proposition (EVP). Organisational Driving Performance Employee Structure & Productivity Experience Alignment
Slide 21: 2022 Focus
2022 Focus Network & Fleet Staff Productivity optimisation Lease Rentals Cost Reduction negotiation & termination
Slide 22: Slide 22
Slide 23: Asanteni
Asanteni