Interglobe Aviation Ltd · NSE:INDIGO
Interglobe Aviation — Q3 FY17 Earnings Presentation
15 slides from Interglobe Aviation's earnings presentation, Jan 31, 2017
Slide 1: Earnings Presentation Q3 FY17
Earnings Presentation Q3 FY17 Oct – Dec 2016 January 31st , 2017 1
Slide 2: Safe harbor
Safe harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward looking statements. This document forms part of the quarterly earnings release and should be view
Slide 3: Overview
Overview
Slide 4: Key highlights
Key highlights • Profit after tax of INR 4.9 billion with a profit margin of 9.8% for the quarter ended December 2016. Compared to last year, profits were lower due to lower yield and higher fuel prices o RASK declined by 13.1%; yield decline only partially offset by increase in load factor o Strong
Slide 5: Operational highlights
Operational highlights • Operational performance impacted during the quarter primarily due to challenges faced by adverse weather conditions, ATC congestion at key airports and A320neo issues o For Q3 FY17, on time performance was 71.7%, technical dispatch reliability was 99.85% and flight cancellat
Slide 6: Financial Overview
Financial Overview
Slide 7: Financial highlights
Financial highlights Quarter Ended • PAT of INR 4.9 billion with a Particulars (in INR million) Dec'16 Dec'15 Change % profit margin of 9.8% for the ASK (billion) 14.4 10.8 33.8% quarter. Compared to last year, profits were impacted due to Total revenue 51,584 44,181 16.8% lower yield and increase i
Slide 8: Revenue breakup
Revenue breakup Quarter Ended Particulars (in INR million) • Revenue from operations Dec'16 Dec'15 Change % increased 16.0% Income from operations 49,431 42,734 15.7% Other operating income 434 244 78.1% o Passenger revenues up 16.1% Revenue from operations 49,865 42,978 16.0% o Ancillary revenues u
Slide 9: Cost breakup
Cost breakup Quarter Ended Particulars (in INR million) • Aircraft fuel expenses Dec'16 Dec'15 Change % impacted by 7.5% increase Aircraft fuel expenses 16,712 11,659 43.3% Aircraft and engine rentals 8,164 6,563 24.4% in fuel prices Purchase of stock in trade 347 334 4.0% • CASK ex fuel reduced by
Slide 10: Cash and Debt
Cash and Debt As of • Free cash increased by INR Particulars (in INR million) Dec’16 Sep ’16 Change 14,000 million in the Free Cash 37,865 23,865 58.7% quarter Restricted Cash 46,685 44,707 4.4% Total Cash 84,550 68,572 23.3% Debt 27,466 27,428 0.1% 10
Slide 11: Fleet and capacity update
Fleet and capacity update • Expected fleet of 133 at the end of fiscal year 2017 including 20 A320neos • Year-over-year increase in ASK expected to be 25% for Q4 of fiscal 2017 11
Slide 12: Appendix
Appendix
Slide 13: Fleet breakup
Fleet breakup 31st Dec, 2016 30th Sep, 2016 31st Dec, 2015 126 118 100 • 18 Owned/Finance • 22 Owned/Finance • 22 Finance Lease Lease Lease • 78 Operating Lease • 108 Operating Lease • 96 Operating Lease • 14 A320neo • 10 A320neo • 100 A320ceo • 112 A320ceo • 108 A320ceo 13
Slide 14: Definitions and Abbreviations
Definitions and Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer Earnings before finance income and cost, tax, depreciation, am
Slide 15: Thank You
Thank You