Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q3 FY24/25 Earnings Presentation
19 slides from Singapore Airlines's earnings presentation, Feb 21, 2025
Slide 1: SIA Group Business Update Q3 FY24/25 Results
SIA Group Business Update Q3 FY24/25 Results (Ended 31 December 2024) 21 February 2025 The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external s
Slide 2: Presentation by Chief Financial Officer
PRESENTATION BY: Chief Financial Officer Ms. Tan JoAnn The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be
Slide 3: Group Financial Results Key Highlights
Group Financial Results Key Highlights Q3 FY24/25 Operating profit of $628.9 million was 3.3% higher than a year ago Highest quarterly revenue on record passenger carriage, despite declining yields amid stiffer competition Net fuel costs down 9.7% on the back of lower fuel prices Unit non-fuel
Slide 4: Operating Results for the Main Companies of the Group
Operating Results for the Main Companies of the Group Q3 Q3 Better/ Better/ 9M 9M Better/ Better/ FY24/25 FY23/24 (Worse) (Worse) FY24/25 FY23/24 (Worse) (Worse) ($’M) ($’M) ($’M) (%) ($’M) ($’M) ($’M) (%) Full-service carrier 611.5 576.3 35.2 6.1 1,397.4 2,088.5 (691.1) (33.1) Low-cost carrier 18.4
Slide 5: Group Operating Statistics
Group Operating Statistics Q3 FY24/25: Overall capacity rose by 10.1% while pax capacity rose by 8.5% and cargo capacity rose by 12.8% ASK CTK Overall CTK Q3 (YoY) Q3 (YoY) Q3 (YoY) +8.5% +12.8% +10.1% 9M (YoY) 9M (YoY) 9M (YoY) +10.1% +11.1% +10.5% Pax Capacity - ASK (million) Cargo Capacity - CTK
Slide 6: Group Financial Results
Group Financial Results Q3 Q3 Better/ Better/ 9M 9M Better/ Better/ FY24/25 FY23/24 (Worse) (Worse) FY24/25 FY23/24 (Worse) (Worse) ($’M) ($’M) ($’M) (%) ($’M) ($’M) ($’M) (%) Total Revenue 5,218.6 5,081.9 136.7 2.7 14,716.0 14,244.3 471.7 3.3 Total Expenditure 4,589.7 4,472.9 (116.8) (2.6) 13,291.5
Slide 7: Group Revenue 9M FY24/25 $14,716.0M
Group Revenue Q3 FY24/25: Increased contribution from both pax and cargo businesses drove quarterly revenue to a new record Group Revenue ($'M) Record Quarterly Revenue 5,081.9 5,218.6 9M FY24/25 4,683.0 4,768.4 4,718.4 4,779.0 $14,716.0M 4,479.4 613.7 559.4 +9.7% YoY 518.7 498.8 540.5 561.6 541.7 9
Slide 8: Group Operating Statistics - Passenger
Group Operating Statistics - Passenger Q3 FY24/25: Load factors and yields remain robust through the seasonally stronger third quarter 9M FY24/25 RASK PLF (%) RASK: 9.0¢/ask (₵/ask) PLF: 86.6% 9.9 100 9.3 10 8.7 FY19/20 Group RASK 8 (7.5¢/ask) 90 6 88.2 87.2 85.8 FY19/20 Group PLF (82.4%) 4 80 2 70
Slide 9: SIA and Scoot Operating Statistics - Passenger
SIA and Scoot Operating Statistics - Passenger Q3 FY24/25: Load factors and yields remain robust through the seasonally stronger third quarter FSC: SIA Operating Statistics LCC: Scoot Operating Statistics PLF (%) RASK 9M FY24/25 (₵/ask) 9M FY24/25 RASK PLF (%) RASK: 9.8¢/ask RASK: 5.8¢/ask (₵/ask) 1
Slide 10: Group Operating Statistics - Cargo
Group Operating Statistics - Cargo Q3 FY24/25: Yields rose for the third consecutive quarter as demand remained strong during the year-end peak Cargo Yield CLF (%) 9M FY24/25 (₵/ltk) 100 Yield: 37.0¢/ltk 50 CLF: 57.1% 40.3 38.5 40 36.2 80 FY19/20 Yield (30.5¢/ltk) 30 60 FY19/20 CLF (59.3%) 55.5 57.2
Slide 11: Group Expenditure 9M FY24/25 $13,291.5M
Group Expenditure Q3 FY24/25: Non-fuel expenditure rose 8.6% YoY, tracking below the overall capacity increase of 10.1% Group Expenditure ($'M) 4,472.9 4,589.7 4,453.6 4,203.7 4,248.2 9M FY24/25 3,883.7 3,724.9 $13,291.5M 3,019.1 3,094.0 3,277.3 9M (YoY) 2,864.0 2,877.9 2,671.5 2,654.0 +8.6% YoY $1,
Slide 12: Net Fuel Cost and Fuel Hedging
Net Fuel Cost and Fuel Hedging Q3 FY24/25: Despite the increase in overall capacity of 10.1%, net fuel cost fell 9.7% due to lower fuel prices Group Fuel Cost Analysis ($'M) +162.4 -359.2 1,453.8 +97.3 -41.9 -$141.4M Higher 1,312.4 (-9.7%) volume uplift Weakening of Lower weighted Hedging loss vs US
Slide 13: Group Operating Profit 9M FY24/25 $1,424.5M
Group Operating Profit Group Operating Profit ($'M) 799.3 754.5 9M FY24/25 628.9 $1,424.5M 609.0 564.7 470.2 9M (YoY) $738.3M 325.4 (-34.1%) Q3 (YoY) $19.9M (+3.3%) Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY23/24 FY24/25 Slide 13 The copyright in this material (other than in respect of information from external source
Slide 14: Operating Profit (YoY progression)
Group Operating Profit (YoY progression) Group Operating Profit ($'M) Includes: • Higher depreciation and leased aircraft charges, higher handling charges and higher +141.4 passenger costs amongst other items +54.3 +70.2 Lower net fuel cost Higher cargo 628.9 609.0 revenue +$19.9M -246.0 (+3.3%) Hig
Slide 15: Group Net Profit 9M FY24/25 $2,368.0M
Group Net Profit Q3 FY24/25: Net profit came in at $1,626.0 million, boosted by a one-off $1.1 billion gain on disposal of Vistara Group Net Profit ($'M) 1,626.0 9M FY24/25 $2,368.0M One-off gain on disposal of Vistara 9M (YoY) ($1,097.9M) $268.2M 734.0 707.1 658.7 (+12.8%) 575.0 451.7 Q3 (YoY) 290.
Slide 16: Net Profit (YoY progression)
Group Net Profit (YoY progression) Group Net Profit ($'M) +1,097.9 1,626.0 +$967.3M Includes: (+146.8%) • Share of associates’ losses against share of profits last year (-33.5) Higher tax Lower net • Lower gain on disposal +19.9 expense interest income of aircraft, spares and 658.7 spare engines (-1
Slide 17: Group Financial Results: EPS and EBITDA
Group Financial Results Q3 FY24/25 Q3 FY23/24 Earnings Per Share (cents) - Basic R1 54.7 16.0 - Adjusted Basic R2 54.7 22.1 - Diluted R3 51.8 15.6 EBITDA ($’M) R4 2,448.7 1,371.9 EBITDA margin (%) R5 46.9 27.0 After excluding the one-off $1.1 billion gain on disposal of Vistara EBITDA ($’M) 1,350.8
Slide 18: Group Financial Position
Group Financial Position The Group fully redeemed the remaining 2021 MCBs in June 2024 As at As at As at 31 December 2024 30 September 2024 31 March 2024 Total assets ($’M) 42,613.9 40,955.1 44,264.7 Total debt ($’M) 13,293.6 13,150.0 13,448.0 Total cash and bank balances ($’M) R6 8,257.4 9,046.2 11
Slide 19: Thank You
Thank You The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be modified, reproduced, distributed, republish
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