Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — H1 2024 Earnings Presentation
18 slides from Vietjet Aviation Joint Stock's earnings presentation, 2024
Slide 1: Q2/2024 Business Update and Results
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Slide 2: Disclaimer
DISCLAIMER INFORMATION CONTAINED IN OUR PRESENTATION IS INTENDED SOLELY FOR YOUR REFERENCE. SUCH INFORMATION IS SUBJECT TO CHANGE WITHOUT NOTICE, ITS ACCURACY IS NOT GUARANTEED AND IT MAY NOT CONTAIN ALL MATERIAL INFORMATION CONCERNING THE COMPANY. NEITHER WE NOR OUR ADVISOR MAKES ANY REPRESENTATION
Slide 3: Key Highlights
KEY HIGHLIGHTS Vietnam becomes a focal point of geopolitical factors, turning into an investment and economic hub, a global destination with visits from the heads of major countries including the US, China, the UK, Germany, Australia, India, Indonesia, etc. Vietjet has been turning HCMC and Hanoi in
Slide 4: Macro Story
MACRO STORY BEST POSITIONED TO BENEFIT FROM ATTRACTIVE MACRO STORY AND STRONG GOVERNMENT INCENTIVES FOR VIETNAM’S AVIATION SECTOR Large LCC market with Leading GDP growth rate across ASEAN Highest personal disposable income growth ample growth 5.60% 5.05% 5.05% 9.50% across ASEAN opportunities 8.30%
Slide 5: Macro Story: Government Support for Airport Infrastructure
MACRO STORY BEST POSITIONED TO BENEFIT FROM ATTRACTIVE MACRO STORY AND STRONG GOVERNMENT INCENTIVES FOR VIETNAM’S AVIATION SECTOR Key projects • Serve Da Nang area and nearby provinces with 2 runways and 1 Remarkable government support with USD18 international terminal, ~ 85% utilization Da Nang rat
Slide 6: Operating Statistics
OPERATING STATISTICS A LEADING LCC WITH A STRONG OPERATIONAL CAPABILITY Domestic and international market share Largest fleet in Vietnam reached 40.5% and 54.5% (# aircraft) 54.5% Domestic International 103 18 86 42.5% 41.9% 40.5% 85 8.0% 8.9% 6 8 1.4% 2.2% Other airlines Other airlines Number of fl
Slide 7: Fleet Expansion
FLEET EXPANSION As of June 30, 2024, Vietjet's fleet comprised 85 Seat Model # a/c Avg. age aircraft, including 17 Airbus A320s, 36 config A321CEOs, 25 A321NEOs, and 7 A330s, with A330 7 377 n.a. an average age of 7.2 years. The fleet's seat configuration ranges from 180 to A321NE 25 230 - 240 4.8 3
Slide 8: Vietjet has continuously launched new routes
Vietjet has continuously launched new routes from Hanoi to Melbourne, Sydney (Australia), Hiroshima (Japan); from Ho Chi Minh City to Shanghai, Chengdu, Xi'an (China); from Phu Quoc to Taichung, Kaohsiung (Taiwan, China), etc. Vietjet is transforming Ho Chi Minh City and Hanoi into international avi
Slide 9: One of the Most Extensive Networks in Vietnam
VIETJET HAS ONE OF THE MOST EXTENSIVE NETWORKS IN VIETNAM AND IS WELL- POSITIONED FOR INTERNATIONAL ROUTES 149 routes in total: 38 domestic routes 111 international routes 9
Slide 10: Products – Services
PRODUCTS – SERVICES LEVERAGING COMPLETE DIGITAL PLATFORMS TO PROVIDE FULL SUITE OF AIR SERVICES AND DELIVER EXCEPTION EXPERIENCE FOR VIETJET’S PASSENGERS SKYJOY Diversified fare All-in-one loyalty platform classes >11 million members Fly now, Pay Insurance HDBank-Vietjet Travel Credit Card later Con
Slide 11: Sustainable Development
SUSTAINABLE DEVELOPMENT COMMITMENT TO ESG TARGETS AND NET ZERO BY 2050 Following ESG Modern and young fleet Owning one of the youngest and modern fleet 87 aircraft with average age of 5.5 strategies, years, operating with economical and flexible costs Vietjet has Issuance of Environmental Protection
Slide 12: Sustainable Development
SUSTAINABLE DEVELOPMENT COMMITMENT TO ESG TARGETS AND NET ZERO BY 2050 VietJet adopts a comprehensive fuel cost management program that includes: Vietjet and Safran Group signed a contract to provide solutions to optimize aircraft fuel consumption (SFCO2). The program's solutions include optimizing
Slide 13: Outstanding Events in H1.2024
OUTSTANDING EVENTS IN H1.2024 VIETJET HAS ACHIEVED REMARKABLE MILESTONES IN REACHING MOMENTOUS AGREEMENTS WITH KEY PARTNERS, OPENING NEW ROUTES TO INTERNATIONAL DESTINATIONS 2024 Annual General Meeting: Vietjet and Airbus sign a Vietjet and Rolls-Royce sign a Vietjet and Lufthansa Technik Vietjet pl
Slide 14: Awards
AWARDS STRONG BRAND RECOGNITION IN VIETNAM AND IN THE REGION PROVIDING SUSTAINABLE COMPETITIVE ADVANTAGE Best Low-cost Airline 2023 in Southeast Asia Best Finance Management – Aviation – 2024 Vietnam Best Ultra Low-Cost Airline World's Safest Low-Cost Airlines 2024 Best Low-Cost Airline Onboard Hosp
Slide 15: Cost, Cost & Cost! A Strong Focus on Cost
COST, COST & COST! A STRONG FOCUS ON COST 15
Slide 16: Solid Growth in Ancillary
SOLID GROWTH IN ANCILLARY Ancillary and cargo transportation revenue in passenger transportation activities in H1.2024 Ancillary revenue % reached nearly USD 455 million , an increase of Total Operation Revenue of 27% compared to the first 6 months of 2023, and contributed 37% of total passenger tra
Slide 17: Excellent Financial Performance
EXCELLENT FINANCIAL PERFORMANCE Total revenue increased by 15% to USD 1,361 million compared to the first six months of 2023, driven by a growth in passenger transportation revenue (+38%) and ancillary revenue (+27%) Profit after tax increased by 708% from USD 5 million in the first six months of 20
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