Aeroflot · RUS:AFLT
Aeroflot — Q1 2024 Earnings Presentation
26 slides from Aeroflot's earnings presentation, May 30, 2024
Slide 1: Aeroflot Group 3M 2024 IFRS Results
Aeroflot Group 3M 2024 IFRS Results 1 May 30th, 2024
Slide 2: Disclaimer
3M 2024 IFRS Results | Market Update and 3M Operating 2024 IFRS Results 2 Disclaimer This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following. This document does not
Slide 3: Aeroflot Group 3M 2024 Key Highlights
3M 2024 IFRS Results | Key Highlights 3 Aeroflot Group 3M 2024 Key Highlights Aeroflot Group's financial results continued to improve: record high financial results in 3М 2024 Strong growth of passenger traffic Maximum in domestic segment High passenger load factor +21.7% 25.0% 75.0% +14.9% 8.6 +2.1
Slide 4: Market Update and Operating Results
Market Update and Operating Results
Slide 5: Russian Air Transportation Market
3M 2024 IFRS Results | Market Update and Operating Results 5 Russian Air Transportation Market 43.4% Russian Air Transportation Market vs Aeroflot Group, Russian Air Transportation Market Share, 3М 2024, % Aeroflot Group million PAX, incl. PAX of Russian and foreign carriers and intl. transit PAX ma
Slide 6: Passenger traffic & PLF growth
3M 2024 IFRS Results | Market Update and Operating Results 6 Passenger traffic & PLF growth Passenger traffic outperforming last year figures Maximum passenger load factor million PAX 11.5 million +21.7% 88.3% +2.1 p.p. PAX. 3М 24 vs. 3М 23 3М 24 vs. 3М 23 5.1 5.2 89.2% 89.3% 89.0% 4.6 86.9% 4.3 4.2
Slide 7: Domestic segment 3M 24 International segment 3M 24
3M 2024 IFRS Results | Market Update and Operating Results 7 Domestic segment 3М 24 International segment 3М 24 Passenger traffic Passenger load factor Passenger traffic Passenger load factor 8.6 million PAX 90.4% 2.9 million PAX 85.6% +14.9% vs. 3M 2023 +2.2 p.p. vs. 3M 2023 +47.9% vs. 3M 2023 +2.7
Slide 8: Multibrand offer: transportation dynamics
3M 2024 IFRS Results | Market Update and Operating Results 8 Multibrand offer: transportation dynamics y-o-y dynamics % passenger traffic structure by Aeroflot Group airlines Premium product Balanced product Basic product • Traditional carrier • Low cost carrier 55.6% 27.4% • Regional carrier • Clas
Slide 9: Network and Schedule Overview
Network and Schedule Overview
Slide 10: Capacity Growth
3M 2024 IFRS Results | Network 10 Capacity Growth 3М 2024 Key Highlights 225 routes of the Group's airlines Aeroflot Group Available Seats, million y-o-y dynamics 12.4% 44.7% 18.2% 62 cities in Russia 10.8% 41.0% 17.4% 14.5% 41.4% 20.8% 11.2% 47.4% 18.6% Frequency growth in key 4.4 4.1 4.5 4.6 desti
Slide 11: Regions - continued growth in new segments
3M 2024 IFRS Results | Network 11 Regions - continued growth in new segments Novy Urengoy Yakutsk Surgut Khanty-Mansiysk Mirny Hub Tyumen Irkutsk Magadan Direct international flights Vladivostok in Krasnoyarsk Ekaterinburg Chelyabinsk Krasnoyarsk Novosibirsk Neryungri from Russian regions Mineralnye
Slide 12: International Transportation Growth
3M 2024 IFRS Results | Network 12 International Transportation Growth 3М 2024 key highlights Aeroflot Group international flights geography1 International flight programme on available destinations Azerbaijan Egypt Kyrgyzstan Maldives Turkey Armenia India China UAE Uzbekistan Increasing frequencies
Slide 13: Scheduled Revenue Units
3M 2024 IFRS Results | Network 13 Scheduled Revenue Units Positive macroeconomic environment supports scheduled yield growth and the record high passenger load factor Segment Scheduled Yield (RUB/RPK) Scheduled RASK (RUB/ASK) 5.71 5.97 4.71 5.10 International 4.6% 8.3% 4.45 4.03 3.54 3.13 Domestic 2
Slide 14: Fleet Overview
Fleet Overview
Slide 15: Fleet Overview
3M 2024 IFRS Results | 3M Market 2024Update IFRS Results and Operating | Fleet Overview Results 15 Fleet Overview number of aircraft as at the end of reporting period Wide-body (long-haul) 59 A-330 12 A-350 7 B-777 32 B-747 8 349 aircraft 83 aircraft 185 aircraft was settled in deregistered from in
Slide 16: Financial performance
Financial performance AEROFLOTZ7
Slide 17: Key Financial Highlights
3M 2024 IFRS Results | Financial performance 17 Key Financial Highlights Exchange rate revaluation of lease obligations2, Indicator (million RUB) 3М 2023 3М 2024 Change RUB billion 3М 23 3М 24 Revenue 112,479 173,586 54.3% -10.7 -41.9 74.3% PAX traffic revenue 104,550 162,719 55.6% Operating costs 1
Slide 18: Revenue Dynamics
3M 20243M IFRS 2024 Results IFRS Results | Financial | Key performance Highlights 18 Revenue Dynamics Revenue grows due to improved operating performance and increased transportation in the scheduled segment Revenue by Key Factors, RUB million Revenue by Business Segments, RUB million 173,586
Slide 19: Operating Costs
3M 2024 IFRS Results | Financial performance 19 Operating Costs Indicator (million RUB) 3М 2023 3М 2024 Change OPEX structure 3М 20242 Fuel 42,474 65,813 54.9% OPEX (ex. Fuel) 75,298 76,978 2.2% 20.9% 18.8% servicing D&A Aircraft & passenger 22,666 31,650 39.6% servicing 43.4% 14.0% D&A and customs
Slide 20: Unit Costs Dynamics
3M 2024 IFRS Results | Financial performance 20 Unit Costs Dynamics Unit Costs Dynamics Fuel 1.50 1.81 21.2% CASK (ex. Fuel): 2.66 2.12 -20.0% Aircraft and passenger servicing 0.80 0.87 9.2% Operating costs per ASK declined by 5.2% D&A and customs duties 1.26 0.79 -37.3% from RUB 4.15 to RUB 3.94 St
Slide 21: Fuel Costs Management
3M 2024 IFRS Results | Financial performance 21 Fuel Costs Management Fuel price, Aeroflot Airlines, RUB thousand / tonne Fuel damper Fuel price, monthly Fuel volume, Aeroflot, thousand tonnes (right hand scale) 90.0 85.1 Cut-off price, RUB thousand / tonne FAS export price, RUB thousand / tonne (le
Slide 22: Leverage and Liquidity
3M 2024 IFRS Results | Financial performance 22 Leverage and Liquidity In April 2024, Expert RA rating agency upgraded the Group's credit rating to ruAA, with a stable outlook Debt Profile*, Liquidity 18.0% RUB billion 31-Dec-23 31-Mar-24 Change, % 226.4 267.1 Borrowings1 104.4 94.3 -9.7% 109.2 157.
Slide 23: Appendix
Appendix
Slide 24: Operating indicators: Aeroflot Airlines and Aeroflot Group
3M 2024 3M 2024 IFRS Results IFRS Results | Key |Highlights Appendix 24 Indicator Aeroflot Airlines Aeroflot Group 3М 2024 YoY 3М 2024 YoY Passenger Traffic PAX thousand 6,402 32.3% 11,523 21.7% international routes PAX thousand 2,058 40.3% 2,882 47.9% domestic routes PAX thousand 4,344 28.9% 8,641
Slide 25: Aeroflot Group Blended Flights Revenue Units
3M 2024 IFRS Results | Appendix 25 Aeroflot Group Blended Flights Revenue Units Segment Yield (Scheduled + Charter PAX Revenue RUB/RPK) RASK (RUB/ASK) 5.64 5.93 5.08 4.67 International 5.1% 8.6% 3.56 4.47 4.04 3.14 Domestic 25.8% 28.9% 4.27 5.08 4.49 3.69 Total 18.9% 21.7% Note:year-on-year change,
Slide 26: Contacts
Contacts +7 (495) 258-06-86 ir@aeroflot.ru