Kenya Airways Plc · NSEKE:KQ
Kenya Airways — FY2019 Earnings Presentation
24 slides from Kenya Airways's earnings presentation, May 27, 2020
Slide 1: FY 2019 Results Presentation
| FY 2019 Results Pres 27 May 2020
Slide 2: Slide 2
Slide 3: Global Aviation: Continued growth
Global Aviation: Continued growth Passengers (billions) Global Passenger Traffic 2014 2015 2016 2017 Global Air Cargo Traffi % Year-over -year growth Cargo in metric tonnes (millions) 2014 2015 2016 2017) = 20 2016 -2018 GROWTH YOY * Growth in international Tourism * Global economic growth * Lower A
Slide 4: Africa Aviation: Strong potential for growth
Africa Aviation: Strong potential for c apo Africa Growth Trend World scheduled passenger anc by region of airline Revenue To! (millions) Middle Ea: 10.00% 8.00% North America 22.4% 6.00% 4.00% 2.00% 0.00% 2016 2017 2018 2019 Latin America 4.5% 2.00% oe ‘—— Global Africa. © ——— Linear (Global) © ———
Slide 5: Slide 5
Slide 6: Increasing Connectivity
Increasing Connectivity ee Jambojet IOSA Certification
Slide 7: Partnerships: Increasing Connectivity
Partnerships: Increasing Connectivity Allitalia A Delta Increased connectivity to Europe, Onward connectivity across the Far East and South America y the US and Canada EE, BRITISH AIRWAYS = Additional access to the extensive European network
Slide 8: Operational Highlights
Operational Highlights ( L > ( 4 +15% +6.7% Available Seat KMs Passenger Number! 16,731 mil 5.1 mil 14,551 mil 48 mil \ y, \ up © +6.3% +9% Cargo Volumes Block Hours 68,264 Tonnes 169,773 ’ 64,238 Tonnes 155,703
Slide 9: Awards and recognition
Linked [fi). TALENTAWA Best Talent Acquisition tec Sub-Saharan Africa in the Link Talent Awards 201 9. Network Rationalisation AVIATION AWARDS Ranked 5th amongst listed con in Kenya that ensure gender ba The Airline of Choice - Cargo NSE in partnership with Eq Services - Aviation Business Excellence
Slide 10: Slide 10
Slide 11: Adopting the New Financial Reporting Standard IFRS16
Adopting the New Financial Report IFRS16 Principle: Operating leases are now recognised as assets in fi nanc companies that lease assets and those that buy. IAS 17 • Leases are off balance sheet • Leases • Lease rental payments are expensed • Assets • Liability • Notion
Slide 12: Total revenues improved
Total revenues improved Passenger & Cargo loads 140,000 135,000 130,000 (Kes Million) 128,317 125,000 213 197 120,000 115,000 110,000 105,000 100,000 2018 Passengers Freight & Mail Handling Others 2019
Slide 13: Costs Increased
150,000 145,000 140,000 135,000 130,000 125,000 120,000 115,000 110,000 105,000 100,000 Costs Increased 121,774 2018 Reduced fuel prices Increased operations Change in accounting estimates Asset Return of Impairment 2x B787s 4,916 298 6,414 986 ——— 5,002 Dy | 145 Fuel & Oil Other DOCs Fleet Ownershi
Slide 14: Full Year Loss Before Tax
Full Year Loss Before Tax (Kes Million) 2016 2017 2018 2019 -10,202 -6,306 * -7,588 -12,975 *Nine (9) months
Slide 15: Movement in financial Results
Movement in financial Results (Kes Million) 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 (6,737) 18,000 2018 Change in Accounting Devaluation of Assets Sale Estimates
Slide 16: Detailed movement of 2018 vs 2019
Detailed movement of 2018 vs 2019 10,000 5,000 5,000 10,000 (7,588) =I , | J : (Kes Million) (6,414) 2018 Fuel Other DOCs Fleet Ownership
Slide 17: Summary of Consolidated Income Statement
Summary of Consolidated Income Sta a Dec-19 | _KShs. Mil Total Revenues 128,317 Total Operating Costs (129,170) Operating Loss (853) Operating Margin % (0.7) Total Financial Items (12,122) Loss before Tax (12,975) Taxation (10) Net loss after tax (12,985) Net Margin % (10.1) ASKs (Mil) 16,731 RPKs (
Slide 18: Summary of Consolidated Statement of Financial Position
Summary of Consolidated Statement Assets Non-current assets Current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity attributable to owners Non-controlling interest TOTAL EQUITY Liabilities Non - current liabilities Current liabilities TOTAL EQUITY AND LIABILITIES
Slide 19: Summary of Consolidated statement of cash flows
Summary of Consolidated statement Cashflows from operating activities Cash generated from operations Interest received Interest paid Income tax paid Net cash generated from operating activities Net cash generated from investing activities Net cash used in financing activities (Decrease) in cash and
Slide 20: Future Outlook
Future Outlook
Slide 21: Managing COVID-19
Managing COVID-19 In the wake of COVID-19, we have continued to contribute to sust connections for our produce to reach international markets, medic Keeping Africa’s economy moving Humanitarian: Re-uniting fa by linking products to markets provision of medical supplie • Flowers deliveries to Europe
Slide 22: The future in a post COVID-19 world
“~~ The future in a post COVID -19 world ae ae © aAok . Safe Travel Diversify c ° Health ae wid * MRO
Slide 23: Q&A
Q&A
Slide 24: Asante
Asant