Wizz Air Holdings Plc · LSE:WIZZ
Wizz Air — Q3 FY18 Earnings Presentation
18 slides from Wizz Air's earnings presentation
Slide 1: Q3 FY18 Results
Q3 FY18 RESULTS
Slide 2: Q3 FY18 Business Highlights
Q3 FY18 | Business Highlights 1 Record passengers 7.1m, record revenues €423m 2 Investing in growth – 24% passenger growth in Q3 3 Disciplined cost management – flat ex-fuel CASK 4 Largest aircraft order ever – 146 A320neo family aircraft 5 Major expansion in London and Vienna 6 Launch of Wizz Pilot
Slide 3: Q3 Growth Metrics
#1 LCC in CEE Q3| Growth Metrics Passengers 7.1m +24% Aircraft 88 +14 144* Airports +11 Countries 44* +4 Bases 28* +1 Staff 3,500+ +500 Source: Company information *: On sale PAGE 3
Slide 4: Q3 FY18 Performance Metrics
Q3 FY18 | Performance Metrics 40,802 Flights +18.1% 12.1 hours Utilisation +0.1% 89.4% Load factor +1.4ppt 99.5% Regularity -0.3ppt Punctuality 79.7%1 -0.3ppt Source: Company information Note 1: Arrival +15min PAGE 4
Slide 5: Record Profits on 24% Pax Growth
Q3 FY18 | Record Profits on 24% Pax Growth Group Results Q3 FY18 Q3 FY17 Change Seat + 22.4 % Revenue € 422.9 m 341.1 +24 % Growth EBITDAR € 104.2 m 89.2 +16.9 % Stage + 0.2 % Length EBITDAR margin 24.7 % 26.1 % (1.5)ppt ASK Net profit2 € 14.0 m 13.5 3.6 % + 22.6 % Growth Net profit margin2 3.3 % 3.
Slide 6: Strong Revenue Growth
Q3 FY18 | Strong Revenue Growth Revenue Growth (€m) Q3 FY18 Positive Effects 1,571 Record load factors 1,429 Larger A321s now 1,227 656 27% of fleet 534 1,012 Higher utilization 433 851 766 353 Industry leading ancillary revenues 274 43.7% 214 41.7% 589 37.4% CEE’s continued 165 34.9% 35.3% 32.2% 91
Slide 7: Cost Discipline
Q3 FY18 | Cost Discipline Opportunities CASK and ex-fuel CASK development 1 € cents Aircraft type: 3.88 - Larger aircraft 3.74 3.72 3.62 3.51 3.42 - Fuel efficiencies 3.15 3.16 3.23 1.58 Improving ownership costs: 1.49 1.48 1.36 1.19 1.15 0.87 0.94 - Largest aircraft order 0.90 - Balance sheet finan
Slide 8: Ultra Low Cost Carrier
Q3 FY18 | Ultra Low Cost Carrier Q3 FY18 CASK 1 CASK € cent Q3 FY18 Q3 FY17 Change € cent Fuel 0.94 0.87 0.08 Fuel CASK 0.94 cent Staff costs 0.29 0.27 0.01 Distribution & marketing 0.07 0.06 0.00 Ex-Fuel CASK Maintenance, materials 0.19 0.20 (0.01) 2.29 cent and repairs Aircraft rentals 0.54 0.57 (
Slide 9: Balance Sheet Strength
Q3 FY18 | Balance Sheet Strength FREE CASH1 +30.6% €m 1400 1,144 Strong cash generation 1200 169 892 1000 800 145 600 A strong balance sheet 400 975 747 delivers cost savings 200 0 Q3 FY18 Q3 FY17 Well-positioned for future Free Cash Restricted Cash balance sheet financing Leverage Continue to opera
Slide 10: FY 2018 Net Profit Guidance
WIZZ | FY 2018 Net Profit Guidance Guidance Capacity growth (ASKs) +24% Average stage length Modest increase Load Factor +1ppt Fuel CASK +5% Ex-fuel CASK Broadly flat Total CASK +1% Revenue per ASK Slight increase Effective tax rate 6% Net profit €265 – €280 million PAGE 10
Slide 11: Network Development
Q3 FY18 | Network Development 1 Increasing Frequencies 56% On 79 routes 2 Joining Existing Airports 27% 11 new airport pairs 3 New Airports 17% 2 new destinations (VDA , TOS) Balanced & Diversified Growth Strategy New route allocation New airports added CEE – Western Europe 55% Ovda, Israel CEE – In
Slide 12: Major expansion at London Luton
WIZZ | Major expansion at London Luton PAGE 12
Slide 13: New base in Vienna
WIZZ | New base in Vienna PAGE 13
Slide 14: New Airbus Order
WIZZ | New Airbus Order PAGE 14
Slide 15: Fleet Evolution To Drive Costs Lower
WIZZ | Fleet Evolution To Drive Costs Lower PAGE 15
Slide 16: Closing Comments
WIZZ | Closing Comments 1 Strong first nine months generating €303m net profit 2 Encouraging Easter forward bookings 3 FY pax growth +25% yoy delivering 30m pax 4 Major expansion in London and Vienna 5 Investing for growth – Aircraft, Crew, Pilot Academy 6 Ever stronger balance sheet 7 Major deliver
Slide 17: wizzair.com
wizzair.com
Slide 18: Disclaimer
WIZZ | Disclaimer This presentation has been prepared by Wizz Air Holdings Plc (the “Company”). By receiving this presentation and/or attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations. This presentation is