Ana Holdings Inc. · TSE:9202

Ana — All Nippon Airways — FY2011 Earnings Presentation

46 slides from Ana's earnings presentation, Apr 27, 2012

  1. Slide 1: Financial Results FY2011 ended March 31, 2012

    All Nippon Airways Financial Results FY2011 ended March 31, 2012 Shinichiro Ito President and CEO Kiyoshi Tonomoto Executive Vice President and CFO April 27, 2012 ©ANA2012 1

  2. Slide 2: Contents

    Contents 【PartⅠ】 Ⅰ. FY2011 Financial Results and FY2012 Earnings Forecast Financial Summary for FY2011 P.4-5 FY2012 Earnings Forecast P.6 Peach Service Operations (Mar 2012 Results) P.7 Joint Ventures of International Passenger Business P.8 FY2012 Management Topics P.9 【Part Ⅱ】 Ⅱ. FY2011 Financial R

  3. Slide 3: FY2011 Financial Results and FY2012 Earnings Forecast

    Ⅰ. FY2011 Financial Results and FY2012 Earnings Forecast 【PartⅠ】 ©ANA2012 3

  4. Slide 4: Financial Summary for FY2011

    Financial Summary for FY2011 Rebounded from the March 11 disaster through profit improvement, achieving greater revenues and earnings, record operating income and higher dividends 《Full year results for fiscal year ended Mar 31,2012》 Diff. Diff. FY2011 vs. FY2010 vs. forecast (¥billion) as of 31 Ja

  5. Slide 5: Financial Summary for FY2011: Earnings Trends

    Financial Summary for FY2011 Diligent cost reduction measures minimized impact of March 11 on revenue and profit decreases 《Fiscal 2011 Earnings Trends; Final Results 》 1,500.0 Op. Revenues Op. Income (¥ billion) 1,410.0 1,411.5 1,400.0 110.0 97.0 90.0 70.0 25/Feb/2011 29/Jul/2011 31/Jan/2012 27/Ap

  6. Slide 6: FY2012 Earnings Forecast

    FY2012 Earnings Forecast Project to improve record operating income thanks to increased revenues, mainly on international routes, and cost restructuring 《Outlook for FY2012 Full Year Results and Financial Benchmarks 》 Diff. (¥ billion) FY2012 vs. FY2011 Operating revenues 1,500.0 + 88.4 《Earnings F

  7. Slide 7: Peach Service Operations (March 2012 results)

    Peach Service Operations (March 2012 results) Strong start in creating new demand, capturing existing demand 【Routes】 From 1 March Kansai=Sapporo（3 flights/day） / Kansai=Fukuoak（4 flights/day） From 25 March Kansai=Nagasaki（2 flights/day） 【Traffic Results】 March 2012, Passengers (total for 3 routes)

  8. Slide 8: Joint Ventures of International Passenger Business

    Joint Ventures of International Passenger Business Pursue new joint ventures to capture more Asia-North America, Japan-Europe passenger flows LHNH JV Transpacific JV Start during fiscal 2012 Strengthen Asia- Asia-North America network (JV shared fares beginning April 2012) (Narita- (Narita-Seattl

  9. Slide 9: FY2012 Management Topics

    FY2012 Management Topics Execute on yearly targets in fiscal 2012-2013 Corporate Plan; strengthen management foundation 《FY2012 Management Topics》 B787 Introduction B787s addition of 14（20 total in service） （Oct 2011） ANA Brand Network Trans-Pacific JV Begin Service on Narita=Seattle, San Jose Star

  10. Slide 10: FY2011 Financial Results Details

    Ⅱ. FY2011 Financial Results 《Details》 【Part Ⅱ】 ©ANA2012 10

  11. Slide 11: Highlights FY2011

    Highlights FY2011 Highlights of Financial Results FY2011 1Q-4Q and FY2010 1Q-4Q Consolidated cumulative operating income for fiscal year posted 97.0 billion yen (29.2 billion yen year-on-year improvement) 28.1 billion yen net profit for the fiscal year (4.8 billion yen year-on year improvement) EB

  12. Slide 12: Consolidated Financial Summary: Income Statements

    Consolidated Financial Summary Income Statements FY10 FY11 Difference 4Q/FY11 Difference Operating Revenues 1,357.6 1,411.5 + 53.8 341.6 + 23.1 Operating Expenses 1,289.8 1,314.4 + 24.6 335.7 + 7.3 Operating Income 67.8 97.0 + 29.2 5.8 + 15.7 Op. Margin (%) 5.0 6.9 + 1.9 1.7 - Non-Op. Gains/Losses -

  13. Slide 13: Consolidated Financial Position

    Consolidated Financial Summary Consolidated Financial Position Mar 31, 2011 Mar 31, 2012 Difference Assets 1,928.0 2,002.5 + 74.5 Shareholders' Equity 520.2 549.0 + 28.7 Ratio of Shareholders' Equity (%) 27.0 27.4 + 0.4 Interest Bearing Debts 938.8 963.6 + 24.8 Debt/Equity Ratio (times) 1.8 1.8 - 0.

  14. Slide 14: Consolidated Statements of Cash Flow

    Consolidated Financial Summary Consolidated Statements of Cash Flow FY10 FY11 Difference Cash Flow from Operating Activities 203.8 214.4 + 10.5 Cash Flow from Investing Activities - 139.6 - 166.3 - 26.7 Cash Flow from Financing Activities - 10.5 16.1 + 26.7 Net Increase or Decrease 53.4 64.2 + 10.8

  15. Slide 15: Results by Segment

    Consolidated Financial Summary Results by Segment FY10 FY11 Difference 4Q/FY11 Difference Air Transportation 1,218.2 1,262.5 + 44.2 305.0 + 17.4 Travel Services 159.3 158.9 - 0.4 39.5 + 5.0 Total for Reporting Segments 1,377.6 1,421.5 + 43.8 344.5 + 22.4 Revenues Other 138.9 138.4 - 0.5 34.8 + 0.3 A

  16. Slide 16: Intentionally Blank

    Intentionally Blank ©ANA2012 16

  17. Slide 17: Air Transportation Business: Operating Revenue and Expenses

    Air Transportation Business Operating Revenue and Expenses FY10 FY11 Difference 4Q/FY11 Difference Domestic Passengers 652.6 651.5 - 1.0 154.2 + 4.6 International Passengers 280.6 320.0 + 39.4 78.1 + 12.5 Operating Cargo and Mail 125.0 128.0 + 3.0 30.2 - 0.1 Revenues Others 159.9 162.8 + 2.8 42.3 +

  18. Slide 18: Air Transportation Business: Change in Operating Income

    Air Transportation Business Change in Operating Income (¥ Billion） ･Depreciation except Aircraft Sales- Sales-Linked ･Maintenance, etc. Other -4.0 ･Landing/Navigation Fees ･Depreciation Cargo & Revenue -0.7 +14.1 ･Personnel ･Contracts, etc. International Mail +2.8 Other Expense Passenger +3.0 Operat

  19. Slide 19: Domestic Passenger Operations

    Air Transportation Business Domestic Passenger Operations FY10 FY11 % Y/Y 4Q/FY11 % Y/Y Available Seat Km (million) 56,796 56,756 - 0.1 14,036 + 0.2 Revenue Passenger Km 35,983 34,589 - 3.9 8,421 + 4.8 (million) Passengers (thousands) 40,574 39,020 - 3.8 9,467 + 4.9 Load Factor (%) 63.4 60.9 - 2.4*

  20. Slide 20: Trends in Domestic Passenger Operations

    Air Transportation Business Trends in Domestic Passenger Operations FY2011 Cumulative Revenue Change Factors Monthly Trends in Domestic Passengers Significant decline due to the impact of March 11; Individual passengers, promotional fares and however, impact minimized through passenger class mix l

  21. Slide 21: International Passenger Operations

    Air Transportation Business International Passenger Operations FY10 FY11 % Y/Y 4Q/FY11 % Y/Y Available Seat Km (million) 29,768 34,406 + 15.6 8,862 + 9.7 Revenue Passenger Km 22,430 25,351 + 13.0 6,757 + 21.8 (million) Passengers (thousands) 5,168 5,883 + 13.8 1,554 + 23.2 Load Factor (%) 75.3 73.7

  22. Slide 22: Trends in International Passenger Operations

    Air Transportation Business Trends in International Passenger Operations FY2011 Cumulative Revenue Change Factors Passengers trends and Japan Inbound by Destination Unit price levels well managed; significant revenue Inbound passengers shifted to a net positive during the second half, indicating a

  23. Slide 23: Domestic Cargo Operations

    Air Transportation Business Domestic Cargo Operations FY10 FY11 % Y/Y 4Q/FY11 % Y/Y Available Ton Km (million) 1,861 1,805 - 3.0 451 - 0.7 Revenue Ton Km (million) 450 464 + 3.1 108 + 1.8 Revenue Ton (thousand tons) 453 467 + 3.0 109 + 1.6 Domestic Cargo Load Factor (%) 24.2 25.7 + 1.5* 24.0 + 0.6*

  24. Slide 24: Intentionally Blank

    Intentionally Blank ©ANA2012 24

  25. Slide 25: International Cargo Operations

    Air Transportation Business International Cargo Operations FY10 FY11 % Y/Y 4Q/FY11 % Y/Y Available Ton Km (million) 3,059 3,637 + 18.9 912 + 14.4 Revenue Ton Km (million) 2,069 2,239 + 8.2 578 + 13.5 Revenue Ton (thousand tons) 557 570 + 2.4 141 + 7.4 International Cargo Load Factor (%) 67.6 61.6 -

  26. Slide 26: Trends in International Cargo Operations

    Air Transportation Business Trends in International Cargo Operations FY2011 Cumulative Revenue Change Factors Monthly Trends in International Cargo Despite slow demand, we were able to capture volume Although export cargo volume has stagnated and Q3 through cargo traffic between countries beyond J

  27. Slide 27: FY2012 Earnings Forecast Details

    Ⅲ．FY2012 Earnings Forecast 《Details》 ©ANA2012 27

  28. Slide 28: Consolidated Earnings Forecast

    FY2012 Earnings Forecast Consolidated Earnings Forecast 《Ref.》 As of 17Feb, 2012 FY11 FY12（RE） Difference FY12（E） Operating Revenues 1,411.5 1,500.0 + 88.4 1,500.0 Operating Expenses 1,314.4 1,390.0 + 75.5 1,390.0 Operating Income 97.0 110.0 + 12.9 110.0 Op. Margin (%) 6.9 7.3 + 0.5 7.3 Recurring In

  29. Slide 29: Earnings Forecast by Segment

    FY2012 Earnings Forecast Earnings Forecast by Segment 《Ref.》 As of 17Feb, 2012 FY11 FY12（RE） Difference FY12（E） Air Transportation 1,262.5 1,372.0 + 109.4 1,364.0 Travel Services 158.9 159.0 + 0.0 155.0 Total for Reporting Segments 1,421.5 1,531.0 + 109.4 1,519.0 Revenues Other 138.4 137.0 - 1.4 141

  30. Slide 30: Intentionally Blank

    Intentionally Blank ©ANA2012 30

  31. Slide 31: Operating Revenues and Expenses

    FY2012 Earnings Forecast Operating Revenues and Expenses 《Ref.》 As of 17Feb, 2012 FY11 FY12 (RE) Difference FY12（E） Domestic Passengers 651.5 695.0 + 43.4 695.0 International Passengers 320.0 370.0 + 49.9 373.0 Operating Revenues Cargo and Mail 128.0 138.5 + 10.4 137.5 Others 162.8 168.5 + 5.6 158.5

  32. Slide 32: Change in Operating Income

    FY2012 Earnings Forecast Change in Operating Income (¥ billion） +5.5 International Other Passenger +10.5 Revenue +60.5 Cargo & Mail Domestic +50.0 Other Passenger Expenses +35.5 Fuel & +43.5 Fuel Tax Revenues Increase Expenses 102.0 In Profit 88.4 +109.5 +13.5 +96.0 FY11 FY12 Op. Income Op. Income (

  33. Slide 33: Passenger Operations Earnings Forecast Assumptions

    FY2012 Earnings Forecast 《Passenger Operations》 Earnings Forecast Assumptions for FY12（vs. FY11） Domestic Passengers International Passengers 1H(E) 2H(E) FY12(RE) 1H(E) 2H(E) FY12(RE) Available Seat Km + 5.1 + 3.1 + 4.1 + 9.7 + 14.0 + 11.9 Revenue Passenger Km + 9.9 + 6.5 + 8.2 + 14.9 + 10.8 + 12.8

  34. Slide 34: Cargo Operations Earnings Forecast Assumptions

    FY2012 Earnings Forecast 《Cargo Operations》 Earnings Forecast Assumptions for FY12（vs. FY11） Domestic Cargo International Cargo １H(E) 2H(E) FY12(RE) １H(E) 2H(E) FY12(RE) Available Ton km +11.1 + 6.9 + 9.0 + 8.5 + 10.4 + 9.4 Revenue Ton km + 1.8 + 0.8 + 1.3 + 13.6 + 18.9 + 16.3 Revenue Ton + 1.9 + 0.

  35. Slide 35: Consolidated Balance Sheet Forecast

    FY2012 Earnings Forecast Consolidated Balance Sheet 《Ref.》 As of 17Feb, 2012 Mar 31, 2013 Mar 31, 2012 Mar 31,2013(RE) Difference (E) Assets 2,002.5 2,006.5 + 3.9 2,003.0 Shareholders' Equity 549.0 569.0 + 19.9 562.0 Ratio of Shareholders‘ Equity (%) 27.4 28.4 + 0.9 28.0 Interest Bearing Debts * 963

  36. Slide 36: Consolidated Cash Flow Forecast

    FY2012 Earnings Forecast 《Ref.》 As of 17Feb, 2012 Consolidated Cash Flow FY11 FY12(RE) Difference FY12（E） Net Income 28.1 40.0 + 11.8 40.0 Depreciation and Amortization 119.2 142.0 + 22.7 142.0 Principal Payment for Aircraft Lease 14.1 14.0 - 0.1 14.0 Cash Flow from Operating Activities * 228.5 233.

  37. Slide 37: Supplemental Reference

    Ⅳ. Supplemental Reference ©ANA2012 37

  38. Slide 38: Intentionally Blank

    Intentionally Blank ©ANA2012 38

  39. Slide 39: Fuel Price and Exchange Rate

    Supplemental 燃油・為替 Reference Fuel Price and Exchange Rate FY11(A) FY12(E) Market Index and Assumption 1H(A) 2H(A) 1H(E) 2H(E) Dubai Crude Oil (USD/BBL) 109 112 115 100 Kerosene (USD/BBL) 128 128 130 120 Exchange Rate (JPY/USD) 80 80 80 80 Hedge Ratio ( as of Mar, 2012) FY11 FY12 FY13 FY14 FY15 70% F

  40. Slide 40: Major Exchange Rate Effects on Op. Income

    Supplemental 燃油・為替 Reference (operating income (loss) / including hedge effects; units: billion) Major Exchange Rate Effects on Op. Income Revenue Expense (increase + notation (increase + notation Second Quarter Results (Earning Forecast as of 29Jul, 2011 vs. Weighed Avg. during Period) decrease – n

  41. Slide 41: International Passenger Results by Destination

    Supplemental Reference International Passenger Results by Destination FY11 4Q/FY11 Difference Difference Composition Composition North America 27.0 - 0.4 27.0 + 0.8 Europe 19.4 - 1.4 18.6 + 0.9 Passenger China 25.3 - 2.0 24.7 - 1.1 Revenue Asia 23.3 + 2.8 24.9 - 0.4 Resort 4.9 + 1.0 4.8 - 0.1 North

  42. Slide 42: International Cargo Results by Destination

    Supplemental Reference International Cargo Results by Destination FY11 4Q/FY11 Difference Difference Composition Composition North America 20.8 - 1.0 20.7 + 0.0 Europe 16.1 - 0.3 16.1 - 0.7 Cargo China 35.7 - 1.9 33.9 - 2.8 Revenue Asia 20.7 + 2.3 22.4 + 1.5 Others 6.6 + 1.0 6.8 + 1.9 North America

  43. Slide 43: Aircraft in Service

    Supplemental Reference Aircraft in Service Mar, 2011 Mar, 2012 Change Owned Leased Boeing 747-400 (International) 1 0 -1 0 0 Boeing 747-400 (Domestic) 10 8 -2 8 0 Boeing 777-300ER 19 19 － 16 3 Wide-Body Boeing 777-300 7 7 － 7 0 Boeing 777-200ER 7 7 － 4 3 Boeing 777-200 16 16 － 14 2 Boeing 787-8 0 6

  44. Slide 44: Cautionary Statement

    Cautionary Statement Forward-Looking Statements. This material contains forward-looking statements based on ANA’s current plans, estimates, strategies, assumptions and beliefs. These statements represent the judgments and hypotheses of the Company’s management based on currently available informatio

  45. Slide 45: ANA Group Corporate Philosophy

    ANA Group Corporate Philosophy ANA Group Corporate Philosophy ANA Group Safety Principles － Our Commitments － 安全は経営の基盤であり社会への責務である。 Safety is our promise to the public and is the foundation of On a foundation of security and reliability, our business. 私たちはお互いの理解と信頼の the ANA Group will: Safety is a

  46. Slide 46: Thank you

    Thank you. This material is available on our website. http://www.ana.co.jp Investor Relations Financial Information Presentations Investor Relations, All Nippon Airways Co., Ltd. Phone +81-(0)3-6735-1030 E-Mail: ir@ana.co.jp ©ANA2012 46

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