Japan Airlines Co., Ltd. · TSE:9201
Japan Airlines — Q1 FY2015 Earnings Presentation
19 slides from Japan Airlines's earnings presentation, Jul 30, 2015
Slide 1: Financial Results 1st Quarter Mar/2016 (FY2015)
Financial Results 30 July, 2015 1st Quarter Mar/2016 (FY2015)
Slide 2: Today's Topics
Today’ s Topics Q — ——— JAPAN AIRLINES OVERVIEW OF FINANCIAL RESULTS FOR “© 1ST QUARTER MAR/16 (FY2015) DETAILS OF FINANCIAL RESULTS FOR Ces ) 1ST QUARTER MAR/16 (FY2015) SUPPLEMENTAL REFERENCES & &
Slide 3: Overview of 1st Quarter FY Mar/2016 Financial Results
Overview of 1st Quarter FY Mar/2016 Financial Results Operating Revenue Operating Profit （JPY Bn） （JPY Bn） 320 50 20% 312.0 307.0 +4.9Bn +17.6Bn 36.2 15% (+1.6%) (+94.6%) 300 25 10% 18.6 11.6% Operating 5% 6.1% Profit Margin 280 1st Quarter 1st Quarter 0 1st Quarter 1st Quarter 0% FY Mar/15 FY Mar/1
Slide 4: Consolidated Financial Results
Consolidated Financial Results Consolidated Financial Results 1 st Quarter FY Mar/16 1st Quarter 1st Quarter （JPY Bn） y/y Operating revenue increased FY Mar/15 FY Mar/16 Operating Revenue 307.0 312.0 +1.6% by 1.6% to 312.0 billion yen. Air Transportation Segment 274.1 282.4 +3.0% Operating Expense
Slide 5: Changes in Operating Profit
Changes in Operating Profit 1st Quarter FY Mar/16 （JPY Bn） +17.6Bn ASK y/y： +0.9% Impact of Currency Market ▲7.3Bn (+94.6%) RPK y/y： +5.4% Revenue +5.2Bn Cost ▲12.5Bn Aircraft Cost（*） Fuel ▲8.0Bn Fuel Maintenance Personnel Except Fuel ▲4.5Bn Sales of Expenses of +13.7 ▲0.1 ▲0.4 ▲2.6 Other Cost trave
Slide 6: International Passenger Operations (Operating Results)
International Passenger Operations（Operating Results） International Passenger 1st Quarter 1st Quarter Passenger revenue increased by y/y FY Mar/15 FY Mar/16 2.1% to 109.4 Bn. Passenger Revenue 107.2 109.4 +2.1% ASK and RPK increased by 2.4% （JPY Bn） and by 8.9% respectively, and ASK 11,728 12,00
Slide 7: International Passenger Operations (Changes in Revenue)
International Passenger Operations（Changes in Revenue） 1st Quarter FY Mar/16 （JPY Bn） Revenue per passenger declined +2.2Bn due to a decrease in fuel surcharge (+2.1%) revenue. Strong demand for inbound +7.5 109.4 107.2 ▲5.3 passengers, primarily from China and Southeast Asia. ・Fuel surcharge, ・
Slide 8: Domestic Passenger Operations (Operating Results)
Domestic Passenger Operations (Operating Results） Domestic Passenger 1st Quarter 1st Quarter Passenger revenue was 109.9 y/y FY Mar/15 FY Mar/16 billion yen, +3.9% year on year. Passenger Revenue 105.7 109.9 +3.9% （JPY Bn） ASK was ▲1.0% and RPK ASK 9,067 8,973 ▲1.0% slightly increased year on ye
Slide 9: Domestic Passenger Operations (Changes in Revenue)
Domestic Passenger Operations (Changes in Revenue) 1st Quarter FY Mar/16 （JPY Bn） JAL SKY NEXT of highly reputed. +4.1Bn (+3.9%) Increase in passengers due to implementation of various +3.7 +0.4 109.9 measures to stimulate demand. 105.7 ・introduction of New discount fare “Ultra Sakitoku.” ・Incre
Slide 10: Major Operating Expense Items
Major Operating Expense Items Operating Expenses (JPY Bn) 1st Quarter 1st Quarter Difference y/y Though some items of FY Mar/15 FY Mar/16 Operating Expenses Fuel 73.6 59.9 ▲13.7 ▲18.6% increased due to the weaker yen and the expenses for Landing and Navigation fees 19.9 20.4 +0.4 +2.2% service enh
Slide 11: Impact of Fuel and FX Markets
Impact of Fuel and FX Markets Hedging Ratio of Fuel Costs Transition of Fuel Cost by Factor (As of End of 1st Quarter FY Mar/16) 80 Approx 73.6 ▲27.8 100% 90% Fuel FX 70 +6.1 59.9 80% 60 +8.0 60% Approx 50 Volume 40% Market FX increase / 40% 40 Approx Approx Hedging etc 15% 15% Approx Approx 30 ▲13.
Slide 12: Major Balance Sheet Items
Major Balance Sheet Items Consolidated Balance Sheet Summary as of End of 1st Quarter FY Mar/16 End of End of FY The balance of interest- 1st Quarter （JPY Bn） Mar/15 Difference FY Mar/16 bearing debt decreased 2015/3/31 2015/6/30 by 8.7 billion yen to 91.8 Total Assets 1,473.3 1,479.3 +6.0 billion
Slide 13: Major Cash Flow Items
Major Cash Flow Items （JPY Bn） 1st Quarter FY Mar/15 1st Quarter FY Mar/16 Difference Net income before income taxes and 17.5 39.1 +21.6 minority interests Depreciation and Amortization 21.3 21.5 +0.1 Other 23.0 29.6 +6.5 Cash Flow from Operating Activities 61.9 90.3 +28.3 Capital Expenditure (1) ▲4
Slide 14: FY Mar/16 Earnings Forecast (Consolidated)
FY Mar/16 Earnings Forecast (Consolidated) FY Mar/15 FY Mar/16 (JPY Bn) Difference Results Forecast FY Mar/15 FY Mar/16 Results Forecast Revenue 1,344.7 1,328.0 ▲16.7 ASK* Int’l +3.2% +3.1% Operating Expense 1,165.0 1,156.0 ▲9.0 Doms ▲2.1% +0.7% Operating Profit 179.6 172.0 ▲7.6 RPK* Int’l +2.0% +5.
Slide 15: Supplemental References
SUPPLEMENTAL REFERENCES
Slide 16: Revenue of International Routes by Geographic Segment
《Supplemental Reference》 Revenue of International Routes by Geographic Segment Passenger Revenue (% of the whole int’l revenue) Passengers 1ST Quarter 1ST Quarter 1ST Quarter 1ST Quarter (%) Difference (‘000) y/y FY Mar/15 FY Mar/16 FY Mar/15 FY Mar/16 Trans Pacific 35.0% 35.5% +0.5pt Trans Pacific
Slide 17: Number of Aircraft in Service Jun/2015
《Supplemental Reference》 Number of Aircraft in Service Jun/2015 End of Mar/2015 End of Jun/2015 Difference Owned Leased Total Owned Leased Total Boeing 777-200 13 0 13 12 0 12 ▲1 Boeing 777-200ER 11 0 11 11 0 11 -- Boeing 777-300 7 0 7 5 0 5 ▲2 Boeing 777-300ER 13 0 13 13 0 13 -- Large-sized Total 4
Slide 18: Contact: Finance, Japan Airlines
Contact: Finance, Japan Airlines +81-3-5460-3068
Slide 19: Disclaimer
Disclaimer This contents contains descriptions of the future expectations, outlooks, objectives and plans etc. of Japan Airlines Co., Ltd. (hereafter "the company") and related Group companies (hereafter "the Group"). These are based on information available at the time when these materials were cre