Norwegian Air Shuttle Asa · OSL:NAS

Norwegian Air Shuttle Asa — Q1 2012 Earnings Presentation

9 slides from Norwegian Air Shuttle Asa's earnings presentation, 2012

  1. Slide 1: Double digit revenue growth in Q1

    Double digit revenue growth in Q1 • Group revenues of MNOK 2,360 in Q1 2012 Slide: 2

  2. Slide 2: Seasonally slow Q1 affected by soaring oil price

    Seasonally slow Q1 affected by soaring oil price – EBITDAR MNOK - 252 (-230) – EBITDA MNOK - 497 (-430) – EBIT MNOK - 575 (-495) . – Pre-tax profit (EBT) MNOK - 398 (-406) – Net profit MNOK - 286 (-293) EBITDAR development Q1 EBT development Q1 Slide: 3 Underlying EBT improvement of MNOK 47 • Fuel p

  3. Slide 3: Cash & cash equivalents of NOK 1.5 billion

    Cash & cash equivalents of NOK 1.5 billion • Cash flows from operations in Q1 2012 MNOK +544 (+229) • Cash flows from investing activities in Q1 2012 MNOK -178 (-150) • Cash flows from financing activities in Q1 2012 MNOK +15 (-28) • Cash and cash equivalents at period-end MNOK +1,487 (+1,229) 5 Equ

  4. Slide 4: Traffic growth in Q1 2012

    Traffic growth of 22 % in Q1 2012 • Load up 3 p.p. despite capacity growth of 17 % • Unit revenue (RASK) up 6 % + 17 % 100 % ASK Load Factor 5 000 77 % 77 % 77 % 75 % 75 % 75 % 74 % 80 % 4 000 68 % 65 % 60 % 3 000 44 % 40 % 2 000 Available Seat KM (ASK) 20 % 1 000 Load Factor 0 0% Q1 03 Q1 04 Q1 05

  5. Slide 5: Largest share of growth outside Norway

    Largest share of growth outside Norway Newly started base in Helsinki with 300,000 passengers in Q1 Norwegian in Oslo Norwegian in Stockholm Norwegian in Copenhagen + 83,000 pax + 232,000 pax + 89,000 pax • Marginal increase in domestic frequencies • New dom. routes to Malmö & Gothenburg • Internati

  6. Slide 6: Underlying unit cost down

    Underlying unit cost down 3 % • Unit cost up 2 % – 15 % higher spot fuel price (25 % increase including fuel hedges) • More efficient aircraft saved MNOK 25 in fuel cost in Q1 0.60 0.55 Fuel share of CASK CASK excl fuel Operating cost EBITDA level per ASK (CASK) 0.50 0.11 0.45 0.11 0.13 0.15 0.40 0.

  7. Slide 7: Ancillary revenues remains a significant contributor

    Ancillary revenues remains a significant contributor • Ancillary revenue comprises 13 % of Q1 revenues 90 80 70 60 Ancillary revenue per passenger (NOK) 50 40 30 20 10 0 Q1 09 Q1 10 Q1 11 Q1 12 Ancillary revenue/ scheduled pax 70 80 86 84 Ancillary revenue/ all pax (inc. charter) 70 80 84 82 Slide:

  8. Slide 8: Expectations for 2012

    Offering a better product at lower cost Expectations for 2012 • Business environment – Uncertain business climate – Seasonal fluctuations – Continued but stabilized yield pressure • Production – The company expects a production growth (ASK) of approximately 15 % – Primarily from increasing the fleet

  9. Slide 9: Norwegian offers 294 scheduled routes to 112 destinations

    Norwegian offers 294 scheduled routes to 112 destinations Slide: 18

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