Interglobe Aviation Ltd · NSE:INDIGO
Interglobe Aviation — Q2 FY17 Earnings Presentation
15 slides from Interglobe Aviation's earnings presentation, Nov 8, 2016
Slide 1: Earnings Presentation Q2 FY17
Earnings Presentation Q2 FY17 Jul – Sep 2016 November 8th , 2016 1
Slide 2: Safe harbor
Safe harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward looking statements. This document forms part of the quarterly earnings release and should be view
Slide 3: Overview
Overview
Slide 4: Key highlights
Key highlights • Profit after tax grew by 23.6% to INR 1.4 billion for the quarter compared to same period last year despite challenging competitive environment • Strong traffic growth, measured in terms of RPKs, of 32.7% as against capacity growth of 26.7% • Continued pressure on yield partially of
Slide 5: Operational highlights
Operational highlights • For Q2 FY17, on time performance was 82.6%, technical dispatch reliability was 99.91% and average flight cancellation rate was 0.58% o Adversely impacted by operational issues arising out of A320 neo engines • Entered into first GDS agreement with Travelport in September 201
Slide 6: Financial Overview
Financial Overview
Slide 7: Financial highlights
Financial highlights Quarter Ended • Solid profitability despite Particulars (in INR million) Sep'16 Sep'15 Change % challenging competitive Total revenue 43,277 36,388 +18.9% environment Total cost 41,511 34,782 +19.3% • Profit after tax increased by 23.6%; Basic Earnings per EBITDAR 9,774 8,748 +1
Slide 8: Revenue breakup
Revenue breakup Quarter Ended • Strong traffic growth - RPK Particulars (in INR million) Sep'16 Sep'15 Change % growth outstripping ASK Passenger ticket revenue 35,979 30,495 +18.0% Ancillary revenue 5,584 4,743 +17.7% growth Other operating revenue 106 162 -34.6% • Continued pressure on fares Reven
Slide 9: Cost breakup
Cost breakup Quarter Ended • CASK ex fuel reduced by Particulars (in INR million) Sep'16 Sep'15 Change % 9.7% Aircraft fuel expenses 15,524 12,421 25.0% • Employee cost per ASK Aircraft and engine rentals (net) 7,721 6,019 28.3% Purchase of stock in trade 317 257 23.7% reduced by 10.0% y-o-y Changes
Slide 10: Cash and Debt
Cash and Debt As of Particulars (in INR million) • Free cash increased by INR Sep’16 Jun ’16 Change 1,703 million during the Free Cash 23,865 22,162 1,703 quarter, even after paying last year’s final dividend of Restricted Cash 44,707 39,804 4,903 INR 5,390 million Total Cash 68,572 61,966 6,605 Deb
Slide 11: Fleet and capacity update
Fleet and capacity update • Expected to have a fleet of 136 aircraft at the end of current fiscal year o Plan to add 18 additional aircraft to our fleet from Oct’16 through Mar’17 • Year-over-year increase in capacity, measured in ASK, expected to grow at approximately 30% for each of Q3 and Q4 of f
Slide 12: Appendix
Appendix
Slide 13: Fleet breakup
Fleet breakup 30th Sep, 2016 30th June, 2016 30th Sep, 2015 118 109 97 • 22 Owned/Finance • 22 Owned/Finance • 22 Finance Lease Lease Lease • 87 Operating Lease • 75 Operating Lease • 96 Operating Lease • 10 A320neo • 4 A320neo • 97 A320ceo • 108 A320ceo • 105 A320ceo 13
Slide 14: Definitions and Abbreviations
Definitions and Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer Earnings before finance income and cost, tax, depreciation, am
Slide 15: Thank You
Thank You
InterGlobe Aviation Limited (IndiGo) — Q2 FY17 Earnings Presentation on 6ix