Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — H1 FY2012 Earnings Presentation
17 slides from Alliance Aviation Services's earnings presentation, Feb 29, 2012
Slide 1: Interim Results - Half year ended 31 December 2011
Interim Results Half year ended 31 December 2011 Scott McMillan, Managing Director Jeff Childs, Chief Financial Officer 29 February 2012 0
Slide 2: Disclaimer
Disclaimer Reliance on third party information This presentation was prepared by Alliance Aviation Services Limited (ACN 153 361 525) (“Alliance”). This presentation may contain information that has been derived from publicly available sources that have not been independently verified. No representa
Slide 3: 1H FY2012 result highlights
1H FY2012 result highlights 9− Revenue increased to $84.7 million up 45.3% (1H11A: $58.3 million) 9− Pro forma EBITDA increased 23.6% to $22.5 million (1H11A: $18.2 million) − Pro forma NPAT increased 20.3% to $8.3 million (1H11A: $6.9 million). Statutory 9 NPAT of $6.6 million 9− Accelerated Capita
Slide 4: Business update
Business update Alliance is on track for continued growth Spare capacity in the FIFO fleet continues to be utilised in shorter term operating contracts Continued Geographic coverage continues to grow: services from Melbourne (Essendon) are set to Continued expand significantly in the coming six
Slide 5: Strong earnings growth continues
Strong earnings growth continues Pro forma profit & loss statement Key observations % 1H11A 2H11A 1H12A pcp Strong growth in revenue up 45.3% to $84.7 million ($ in millions) 31-Dec-10 30-Jun-11 31-Dec-11 Change (1H11A: $58.3 million) Revenue FIFO 43.1 50.4 66.5 54.3% Contract revenue increased
Slide 6: Pro forma adjustments
Pro forma adjustments Pro forma adjustments to the profit & loss statement Key observations 1H11A 1H12A % Operating expenses have been adjusted to remove the ($ in millions) 31-Dec-10 31-Dec-11 Change impact of fees and expenses associated with the IPO Statutory EBITDA 18.2 19.1 4.9% IPO costs – 3
Slide 7: Balance sheet
Balance sheet Balance sheet Key observations ($ in millions) IPO 31-Dec-11 Stronger balance sheet post IPO Cash 0.3 0.9 Receivables 6.1 14.1 Inventory 6.3 6.9 Deferred tax reflects new group structure Other 4.3 – Total current assets 17.0 21.9 Equity reflects: PP&E 158.6 171.4 Deferred tax ass
Slide 8: Cashflow statement
Cashflow statement Cashflow statement Key observations 1H11A 1H12A Positive cash flow from operations of $14.3 million ($ in millions) 31-Dec-10 31-Dec-11 Receipts from customers (inclusive of GST) 64.1 91.5 Payments to suppliers (inclusive of GST) (45.0) (69.4) Capex of $18.7 million reflects a
Slide 9: Summary and outlook
Summary and outlook 11 On On track track to to at at least least achieve achieve prospectus prospectus forecasts forecasts 22 FIFO FIFO market market continues continues to to grow grow Alliance’s Alliance’s market market position position and and geographic geographic footprint footprint provides p
Slide 10: Appendix
Appendix 9
Slide 11: FIFO services are essential to the growing Australian mining and energy sectors
FIFO services are essential to the growing Australian mining and energy sectors Key industry drivers 1 Level of activity in the Australian mining and energy sector 2 Requirement to move skilled labour to the mining and energy sites from a broadening geographic area due to − Shortages of regional l
Slide 12: Key FIFO drivers
Key FIFO drivers 11 Requisite Requisite regulatory regulatory approvals approvals and and infrastructure infrastructure requirements requirements Knowledge, Knowledge, capital capital and and capability capability to to provide provide tailored tailored air air transportation transportation services
Slide 13: Growing national footprint
Growing national footprint Alliance route map National footprint provides 9 the ability to be responsive Cairns and flexible Offices (engineering support and crew) Line maintenance Currently services mining and 9 energy projects throughout Townsville Offices Australia from five key airports
Slide 14: Fleet development
Fleet development Fleet Development strategy – key driver of operational and financial performance Operational characteristics of aircraft key to meet clients’ requirements: − Aircraft: preference for jets over turbo-props − Fleet: suited to operate under Australian climatic conditions − Range: mi
Slide 15: Maintenance capabilities
Maintenance capabilities Alliance in-house heavy maintenance capability is a key competitive advantage that differentiates it from its competitors: − Ensures total control over maintenance quality which reflects in Alliance’s industry leading despatch reliability − Optimise availability of aircraf
Slide 16: Alliance fleet
Alliance fleet Fokker 100 Fokker 70LR Fokker 50 Number 18 2 5 Capacity 100 passengers 75 passengers 52 passengers Cruising speed 800 kph 800 kph 500 kph Maximum range 3,167 km 3,500 km 2,600 km Two Pratt & Whitney PW Two Rolls-Royce TAY 650-15 Two Rolls-Royce TAY 620-15 125B turboprops (2,500 SHP) E
Slide 17: Group growth strategy
Group growth strategy Strong platform to capture organic growth and new customers 11 Organic Organic growth growth in in contracted contracted FIFO FIFO revenue revenue 22 New New customer wins wins customer 33 Expansion Expansion of geographic geographic of reach reach 16
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