Wizz Air Holdings Plc · LSE:WIZZ
Wizz Air — Q1 F20 Earnings Presentation
16 slides from Wizz Air's earnings presentation
Slide 1: Q1 F20 Wizz Air Holdings Plc Results for the First Quarter
Q1 F20 WIZZ AIR HOLDINGS PLC RESULTS FOR THE FIRST QUARTER
Slide 2: Q1 F20 | Record Q1, FY20 Growth Raised by 4% to 20%
Q1 F20 | RECORD Q1 FY20 GROWTH RAISED BY 4% TO 20% Strong Q1 and encouraging summer trading, FY capacity growth raised by 4% to 20% Record net profit of €72.4m on 20% passenger growth to 10.4m MoU for 20 A321NEO XLR aircraft, connecting more airports with best-in class fleet Lowest emissions among a
Slide 3: Leading ULCC in CEE
LEADING ULCC IN CEE Passengers 10.4m Aircraft 114 Airports 147 Bases 25 Employees 4,500 Countries 44 PAGE 3
Slide 4: New Aircraft Deployed So Far in FY20
NEW AIRCRAFT DEPLOYED SO FAR IN FY20 +60 NEW ROUTES Current number of based aircraft New based aircraft PAGE 4
Slide 5: F20 | Strong Growth in Core Markets
F20 | STRONG GROWTH IN CORE MARKETS Increasing Frequencies Joining existing airports New airports + 39% +48% +13% PAGE 5
Slide 6: The Greenest Airline in Europe
THE GREENEST AIRLINE IN EUROPE WIZZ AIR WITH THE LOWEST CO2 EMISSION AMONG COMPETITORS CO2 Emissions (g/RPK) 91.9 97.8 83.0 78.5 66.0 57.3 WIZZ Ryanair Easyjet AF-KLM IAG LH CONTINOUS DECLINE OF CO2 EMISSIONS CO2 Emissions (g/RPK) 69.1 67.7 66.0 64.0 61.5 59.9 58.5 57.3 FY13 F14 F15 F16 F17 F18 F19
Slide 7: Q1 F20 | Operational Resilience
Q1 F20 | OPERATIONAL RESILIENCE Flights 55,797 80 100% +16% 76 70 80% 60 Load factor 93.7% 50 60% +1.7ppt 40 40 40% 30 32 Utilisation 13.1h 20 28 +1.7% 20% 10 14 4 0 0% Regularity 99.9% April 18 May 18 June 18 June 19 May 19 April 19 +0.2ppt Cancellations On-time performance PAGE 7
Slide 8: Q1 F20 | Record Profit on 20% Growth
Q1 F20 | RECORD PROFIT ON 20% GROWTH Q1 F20 Q1 F19 Change Seat growth +18.1% Revenue (€m) 691.2 551.0 +25.4% EBITDA (€m) 187.2 152.0 +21.9% Load factor +1.7% EBITDA margin (%) 27.1% 27.9% -0.8ppt Passenger Net profit (€m) 72.4m (29.3m) +101.7 +20.1% growth Net profit margin (%) 10.5% -5.3% +15.8ppt
Slide 9: Q1 F19 | IFRS16 Re-stated P&L and Balance Sheet
Q1 F19 │IFRS16 RE-STATED P&L AND BALANCE SHEET Restatement of comparatives Q1 F19 pre-IFRS16 Impact of IFRS 16 Q1 F19 IFRS16 EBITDA 152.0 - 152.0 Maintenance, materials and repairs (28.3) (3.1) (31.4) Aircraft rentals (73.5) 73.5 - Depreciation and amortisation (23.0) (56.6) (79.6) Other expenses (2
Slide 10: Q1 F20 | Strong Revenue Generation
Q1 F20 | STRONG REVENUE GENERATION Revenue (€m) Ticket per pax - 4.4 % +25 % Ancillary per pax + 17.7% 691 Revenue per pax + 4.4 % RASK + 4.6 % 551 312 Revenue Drivers 221 - Continued strength in CEE demand - High passenger growth - Higher load factor 379 - Timing of Easter 330 - Strong value-add an
Slide 11: Q1 F20 | Excellent Ancillary Performance
Q1 F20 | EXCELLENT ANCILLARY PERFORMANCE Ancillary Revenue* €/pax +18 % +4.6 30.1 25.5 4.6 4.2 1.5 1.5 24.6 0.8 20.4 -0.7 -1.5 -2.4 -2.9 5.1 5.5 F18 F19 Q1 F20 Q1 F19 Q1 F20 Baggage Value-Add PAGE 11
Slide 12: Q1 F20 | Disciplined Ultra-Low Costs
Q1 F20 | DISCIPLINED ULTRA-LOW COSTS CASK (€ cent) CASK € cent Q1 F20 Q1 F19 Change Fuel 1.12 1.03 0.09 3.32 3.39 +9.1% Staff costs 0.32 0.31 0.01 1.03 Distribution & marketing 0.07 0.07 0.00 1.12 Maintenance, materials & repairs 0.24 0.21 0.03 -1.2% Airport, handling & en-route 0.94 0.92 0.01 Depre
Slide 13: A321neo – A True Game Changer
A321NEO – A TRUE GAME CHANGER 16% less fuel burn 16% less CO2 emissions 40% lower noise footprint 16% flying further 20% lower unit costs PAGE 13 vs A320ceo
Slide 14: Aircraft Order Drives Low-Cost Growth
AIRCRAFT ORDER DRIVES LOW-COST GROWTH 295 275 20 238 18 210 12 185 6 163 176 132 161 115 145 62 97 123 31 112 12 93 2 79 38 41 41 41 67 26 41 41 37 25 15 4 16 6 6 40 56 70 8 24 63 63 67 72 67 70 52 30 24 17 13 5 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21E FY 21/22E FY 22/23E FY 23/24E FY
Slide 15: FY20 | Guidance
FY20 | GUIDANCE Guidance Capacity growth (ASKs) +20% Average stage length Modest increase Load Factor + 1 ppt Fuel CASK +7% Ex-fuel CASK * Broadly flat Total CASK +2 % Revenue per ASK Slightly positive Effective tax rate 4% Net profit Range €320 – € 350 million * Including net of financial income an
Slide 16: Wizz | 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