Kenya Airways Plc · NSEKE:KQ
Kenya Airways — FY2024 Earnings Presentation
28 slides from Kenya Airways's earnings presentation, 2025
Slide 1: Kenya Airways PLC Full Year 2024 Investor Briefing
Kenya Airways PLC Full Year 2024 Investor Briefing
Slide 2: Agenda
Agenda • Introduction of session • Industry Overview • Business Updates • Financial Highlights • Future Outlook • Q&A
Slide 3: Opening Remarks
Opening Remarks Mr. Michael Joseph Chairman
Slide 4: Industry Overview
Industry Overview Mr. Allan Kilavuka Group MD & CEO
Slide 5: Global Aviation Performance
Global Aviation Performance Passenger & Freight Traffic 8.7 10.4 Revenue Global Avialable Seat Kilometers % Passenger Kilometers % (ASK) (RPK) 45.9 % 956Bn Cargo Load Factor Industry Revenue USD • The RPK rose 3.8% above pre-pandemic (2019) levels. Passenger Traffic Growth 83.5 % • 17 consecutive mo
Slide 6: Aviation in Africa
Aviation in Africa 13.2 % 9.9 % 74.9 % 41.8 % RPK ASK PLF Cargo Load Factor • Razor thin margin (0.6% of revenue) • Poor infrastructure • High cost • Onerous taxation Source: Air Passenger Forecasts, December 2024 update
Slide 7: Business Updates
Business Updates
Slide 8: Network & Customer Updates
Network & Customer Updates Introduction of Routes launched E-menus Mogadishu Maputo Eldoret High Aircraft Reliability (98%) & Availability (97%) Launch of KQ Holidays comprehensive holidays platform Strengthened partnerships with hospitality and other industry partners .
Slide 9: Employee Development & Engagement
Employee Development & Engagement • Employee satisfaction index improved to 80%. • Pride Centre awarded Premier status as a Top Approved Training Centre. • EmpowHer engaged in social impact activities that empower our women. • Training & Development: Manager Excellence, Supervisory Skills, and Eleva
Slide 10: Partnerships & Sustainability Efforts
Partnerships & Sustainability Efforts • Combating Human trafficking MOU with IOM • SkyTeam Aviation Challenge Operated sustainable flights to Amsterdam, Paris, New York, and London • Magical Kenya Open • Lagos City Marathon • WRC Safari Rally • Pyro diesel production power on ground equipment. • Exp
Slide 11: Cargo Highlights
Cargo Highlights Keeping Africa’s economies moving by linking products to markets Cargo Tonnage 25% Flower deliveries to Europe 15,000 tons Pharma Dedicated 600sqm cold room capable of handling upto300 tons Foodstuffs to Europe & Middle East 12,000 tons Direct Cargo operations 10 Weekly freighters t
Slide 12: Awards received in 2024
Awards received in 2024 World Travel awards: World Travel Tech Awards: Best Airline Website 2024 and • Africa’s Leading Airline 2024: Africa’s Best Airline App 2024 • Africa’s Leading Airline - Business Class 2024: • Africa’s Leading Airline Brand 2024 • Africa’s Leading Inflight Magazine 2024: Msaf
Slide 13: Operational Highlights
Operational Highlights +5% +4% -3 pts Revenue Passenger Passenger Numbers Cabin Factor (%) KMs (Mil’s) (Mil’s) CY 12,204 CY 5.23 CY 75.2 PY 11,605 PY 5.04 PY 78.4 +25% +10% +6% Cargo Volumes Block Hours Turnover (Ksh Mil’s) (Tonnes) CY 166,374 CY 188,495 CY 70,776 PY 151,660 PY 178,496 PY 56,576
Slide 14: KQ Group EBITDAR evolution
KQ Group EBITDAR evolution FY 2018-2024 EBITDAR Evolution 30.00% 25.00% 20.00% 20% 20% 15.00% 17% 17% 16% 10.00% 11% 5.00% 6% 0.00% 2018 2019 2020 2021 2022 2023 2024 EBITDAR
Slide 15: Operating Profit/(Loss) and Profit/(Loss) after Tax
Operating Profit/(Loss) and Profit/(Loss) after Tax Kes’Mil 'Operating Profit /(Loss)', 'Profit after tax' by 'Year' 20,000 16,622 10,530 10,000 5,432 0 (1,739) (5,616) (6,803) (10,000) (12,985) (20,000) (27,122) (15,878) (22,697) (30,000) (40,000) (36,219) (38,264) (50,000) 2019 2020 2021 2022 2023
Slide 16: Financial Highlights
Financial Highlights Mary Mwenga Ag. Chief Finance Officer
Slide 17: Financial Highlights
] Financial Highlights
Slide 18: Turnover Trend
Turnover Trend 200 000 Revenue KShs Mil 160 000 120 000 80 000 40 000 0 2019 2020 2021 2022 2023 2024 Revenue 200 000 188 495 188 495 178 496 160 000 120 000 Kshs Mil 128 317 116 787 80 000 70 221 40 000 52 805 0 2019 2020 2021 2022 2023 2024 FY
Slide 19: Cost Trend
Cost Trend 250 000 Total Cost KShs Mil 200 000 150 000 100 000 50 000 0 Total cost 2019 2020 2021 2022 2023 2024 250 000 200 000 201 360 182 967 967 150 000 Kshs Mil 155 102 141 291 100 000 89 378 86 248 50 000 0 2019 2020 2021 2022 2023 2024
Slide 20: Profit Trend
Profit Trend 10,000 Profit/ (Loss) After Tax 5,000 0 2019 2020 2021 2022 2023 2024 (5,000) (10,000) (15,000) (20,000) (25,000) (30,000) (35,000) (40,000) Profit/ (Loss) After Tax 10,000 5,000 0 2019 2020 2021 2022 2023 2024 (5,000) Kshs Mil (10,000) (15,000) (20,000) (25,000) (30,000) (35,000) (40,0
Slide 21: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement 2024 2023 Variance KShs. Mil KShs. Mil Total Income 188,495 178,496 6% Total Operating Costs (171,873) (167,967) -2% Operating Profit 16,622 10,530 58% Operating Margin % 8.8 5.9 Net Finance costs (11,094) (33,394) 67% Profit/(Loss) before Tax 5,527 (22,864)
Slide 22: Summary of Consolidated Statement of Financial Position
Summary of Consolidated Statement of Financial Position 2024 2023 KShs Mil Restated KShs Mil Assets Non-current assets 137,497 146,204 Current assets 41,607 33,602 TOTAL ASSETS 179,104 179,806 EQUITY AND LIABILITIES Equity attributable to owners (118,242) (138,133) Non-controlling interest (9) 70 TO
Slide 23: Summary of Consolidated statement of Cash flow
Summary of Consolidated statement of Cash flow 2024 2023 Ksh Mil Ksh Mil Cashflows from operating activities Cash generated from operations 20,853 28,038 Interest Received 69 165 Interest Paid (3,106) (3,690) Income Taxes Paid (76) (56) Net cash generated from operating activities 17,740 24,457 Net
Slide 24: Future Outlook
Future Outlook Mr. Allan Kilavuka Group MD & CEO
Slide 25: EASA Part-145 Certification
EASA Part-145 Certification: KQ regained the prestigious European Union Aviation Safety Agency (EASA) Part 145 certification in 2024. This qualifies KQ’s performance of maintenance related activities in adherence to stringent EU aviation safety regulations. Safety is not negotiable, it is our way of
Slide 26: Future Outlook
Future Outlook 2025 2030 • Capitalisation of the business • Double revenue and passenger numbers • Resolve engine and spare parts constraints • Increase Cargo to 20% of the businness • Expansion into new markets. • Maintain OTP at 85% • Enhance customer experience. • Introduce 4 SBUs
Slide 27: Industry Overview
Industry Overview
Slide 28: Thank You
Thank You