Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — H1 FY2013/14 Earnings Presentation
12 slides from Singapore Airlines's earnings presentation, Nov 12, 2013
Slide 1: SIA 77th Business Meeting: Half Year FY2013-14 Results
SIA 77th BUSINESS MEETING HALF YEAR FY2013-14 RESULTS 12 NOVEMBER 2013 THE PARENT AIRLINE 1H FY2013/14 RESULTS
Slide 2: The Parent Airline Company Results – 2Q & 1H FY13/14
THE PARENT AIRLINE COMPANY RESULTS – 2Q & 1H FY13/14 Better/ Better/ 2Q/13 (Worse) 1H/13 (Worse) $million $million % $million $million % Total Revenue 3,222 81 2.6 6,382 137 2.2 Total Expenditure 3,125 (68) (2.2) 6,196 (120) (2.0) - Fuel Cost 1,280 (39) (3.2) 2,451 33 1.3 - Fuel Hedging Gain (44) 30
Slide 3: Operating Performance – 2Q & 1H FY13/14
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 2Q & 1H FY13/14 % % 2Q/13 Change 1H/13 Change Passenger Yield 11.0 -3.5 11.0 -3.5 (¢/pkm) Passenger Unit Cost 9.1 - 9.1 - (¢/ask) Passenger Breakeven 82.7 +2.9 pts 82.7 +2.9 pts Load Factor (%) Slide 5 THE PARENT AIRLINE COMPANY OPERATING PERFORMANC
Slide 4: Operating Performance: Passenger Load Factor and Breakeven
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor Breakeven Load Factor (%) 88 86.0 84 82.7 79.8 80 79.4 78.0 79.6 79.6 76 75.6 77.5 75.4 72 68 0 1H 09/10 1H 10/11 1H 11/12 1H 12/13 1H 13/14 Slide 7 THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor Breakeven
Slide 5: Monthly Passenger Yield
THE PARENT AIRLINE COMPANY MONTHLY PASSENGER YIELD Monthly Pax Yields (Including Fuel Surcharge) ¢/pkm 2009-10 2012-13 2013-14 13 12 11.6 11.6 11.4 11.5 11.4 11.4 11.2 11.3 11.3 11.3 11.2 11.0 11 11.3 11.3 11.1 11.2 11.1 11.0 10.9 10.8 10.8 10.7 10.4 10.4 10.5 10 10.2 9.9 10.0 9.7 9.8 Apr May Jun Ju
Slide 6: Cost Composition – 1H FY13/14
THE PARENT AIRLINE COMPANY COST COMPOSITION – 1H FY13/14 Others 20.7% (+1.0 pt) Fuel Cost Post Hedging 39.4% (-1.7 pts) Passenger Costs 5.4% Handling Charges 7.1% Aircraft Staff Depreciation & 13.0% (-0.2 pt) Lease Rentals 14.4% (+0.9 pt) Slide 11 THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE – 1H FY
Slide 7: Fuel Expenditure – 1H FY13/14
THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – 1H FY13/14 ($ million) 2,800 Lower Higher weighted volume average Hedging uplifted fuel price gain vs 2,600 loss last 2,495 year +80 2,442 -53 -114 (-2.1%) 2,400 -19 H1/12 Volume Price Hedging H1/13 Slide 13 THE GROUP 1H FY2013/14 RESULTS
Slide 8: Group Revenue and Expenditure – 1H FY2013/14
GROUP REVENUE – 1H FY2013/14 2012/13 2013/14 ($ million) Half Year 4,000 Revenue 3,901 3,840 +107 $7,741M 3,777 +63 3,794 +1.7% +2.8% 3,750 Year-on-Year 3,500 $170M +2.2% 3,250 3,000 2,750 0 Q1 Q2 Slide 15 GROUP EXPENDITURE – 1H FY2013/14 2012/13 2013/14 ($ million) Half Year 4,000 Expenditure 3,758
Slide 9: Group Operating Profit – 1H FY2013/14
GROUP OPERATING PROFIT – 1H FY2013/14 2012/13 2013/14 ($ million) Half Year 150 Op Profit $169M 125 Year-on-Year 100 $27M 82 87 72 +10 70 +17 +19.0% 75 +13.9% +24.3% 50 25 0 Q1 Q2 Slide 17 CONTRIBUTION TO GROUP OPERATING PROFIT – 1H FY13/14 ($ million) 1H/13 1H/12 Change % Change Singapore Airlines
Slide 10: Group Net Profit – 1H FY2013/14
GROUP NET PROFIT – 1H FY2013/14 2012/13 2013/14 ($ million) Half Year 200 Net Profit $282M 160 150 Year-on-Year 122 +70 $114M +77.8% +67.9% +44 100 90 78 +56.4% 50 0 Q1 Q2 Slide 19 GROUP NET PROFIT – 1H FY2013/14 ($ million) +19 300 +22 282 +18 Lower +28 taxation 250 Exceptional and +27 Higher items
Slide 11: Group Results – 1H FY13/14
GROUP RESULTS – 1H FY13/14 1H/13 1H/12 EBITDAR Per Share ($) 1.25 1.11 Earnings Per Share (¢) 24.0 14.3 Interim Dividend Per 10.0 6.0 Share (¢) At 30 Sep 13 At 31 Mar 13 Net Asset Value Per 11.30 11.15 Share ($) Slide 21 BUSINESS OUTLOOK FOR THE 2nd HALF YEAR
Slide 12: Outlook / Thank You
OUTLOOK High and volatile fuel price Intense competition Uncertain global economy Slide 23 Thank You
Singapore Airlines — H1 FY2013/14 Earnings Presentation on 6ix