Aegean Airlines Sa · ATHEX:AEGN
Aegean Airlines Sa — Q1 2019 Earnings Presentation
18 slides from Aegean Airlines Sa's earnings presentation, 2019
Slide 1: First Quarter 2019 Trading Update Presentation
First Quarter 2019 Trading Update Presentation
Slide 2: Q1 2019 Highlights
Q1 2019 Highlights 6% RPKs 4% ASKs 82.3 % Load Factor 61 Aircraft 2% Flights 2 5 mil. Passengers . 172 EUR mil. 1,384.3 EUR mil. 552.6 EUR mil. Revenues Total Assets Cash and Cash equivalent 2
Slide 3: Fleet
Fleet Operator Finance Lease Operating Lease Manufacturer/Model Aegean Olympic Air Aegean Aegean Olympic Air Airbus A320ceo family 49 - 4 45 - Bombardier Dash 8- Q400 - 8 - - 8 Bombardier Dash 8- 100 - 2 - - 2 ATR 42-600 - 2 - - 2 Total 49 12 4 45 12
Slide 4: Key Operating Data
Key Operating Data Q1 2018 Q1 2019 % Passengers ('000) 2.369 2.525 7% International Passengers ('000) 1.291 1.405 9% Domestic Passengers ('000) 1.077 1.120 4% ASK's (in mil.) 2.892 3.014 4% Flights 19.561 19.953 2% Stage Length (km) 869 869 0% Load Factor 81,2% 82,3% 1,1 pp
Slide 5: Key Financial Data
Key Financial Data Q1 2018 Q1 2019 % Revenue 165,4 172,0 4% Other Operating Income 3,7 5,1 38% EBITDAR -2,9 -8,4 186% EBITDA -35,5 -8,5 -76% Pre-tax profit / (loss) for the period -42,6 -48,7 14% Net profit / (loss) for the period -30,8 -35,2 14% Amounts in EUR mil.
Slide 6: Selected KPI's
Selected KPI’s Revenue per ASK, in € cents Average Passengers per flight ASKs, in mil. +0,5% +5% +4% 5,8 5,9 121 127 2,9 3,0 Q1 18 Q1 19 Q1 18 Q1 19 Q1 18 Q1 19 Cost per ASK , in € cents Cost per ASK excl. fuel, in € cents Stage length, km. +2% +1% 0% 7,3 7,5 869 869 6,0 6,1 Q1 18 Q1 19 Q1 18 Q1 19
Slide 7: Hedging coverage
Hedging coverage Managing exposure to reduce volatility on results and target cost certainty. Forward contracts in US dollars (currency forwards & options) Commodity swaps (jet fuel swaps) Currency EURUSD Commodity FOB Med equivalent Jet price % of estimated Average hedged % of estimated Average hed
Slide 8: Balance Sheet Structure reflects IFRS 16 adoption
Balance Sheet Structure reflects IFRS 16 adoption Assets EUR 1.384,2 Liabilities-Equity EUR 1.384,2 30 126 228 166 54 237 62 369 196 86 375 21 553 266 Q1 2019 Q1 2019 Cash Finance Lease Equity Finance Lease Operating Lease Advances for assets acquisition Operating Lease Bond Customers and other rece
Slide 9: IFRS 16 impact
IFRS 16 impact Net Income IFRS 16 impact Balance Sheet IFRS 16 impact EBITDAR - Asset Aircraft leases EUR 35.1 mil. decrease Tangible assets EUR 369 mil. increase EBITDA EUR 35.1 mil. increase Liabilities Depreciation EUR 31.2 mil. increase Operating lease obligations EUR 375 mil. increase EBIT EUR
Slide 10: Mr. Dimitris Gerogiannis, CEO of AEGEAN, commented:
Mr. Dimitris Gerogiannis, CEO of AEGEAN, commented: “The Group managed to deliver growth in revenues, passenger traffic & load factors, within the context of the European economic slowdown, however with a drop in average fares. Aegean is one of few European airlines which managed to achieve higher r
Slide 11: Appendix
Appendix + AEGEAN A STAR ALLIANCE MEMBER ‘42
Slide 12: Aegean at a glance – Q1 Highlights
Aegean at a glance – Q1 Highlights Consolidated results in EUR mil. Jan - Mar 2018 Jan - Mar 2019 % Change Revenue 165,4 172,0 4% EBITDAR -2,9 -8,4 186% EBITDA -35,5 -8,5 -76% Pre-tax earnings for the period -42,6 -48,7 14% Net earnings for the period -30,8 -35,2 14% Total number of passengers (in t
Slide 13: Group Operating figures
Group Operating figures Jan - Mar 2018 Jan - Mar 2019 % Change Capacity ASKs (in millions) 2.892 3.014 4% Total available seats (‘000) 2.957 3.106 5% Total Block Hours 31.238 32.219 3% Total Sectors Flown 19.561 19.953 2% Average capacity per flight 151 156 3% Average sector length (km) 869 869 0% P
Slide 14: Profit and Loss account
Profit and Loss account Consolidated results in EUR mil. Jan - Mar 2018 Jan - Mar 2019 % Change Revenue Scheduled Services 143,0 144,0 1% Charter 4,9 5,6 14% Other (ancillary, cargo, executive aviation) 17,6 22,3 27% Total revenue 165,4 172,0 4% Other operating income 3,7 5,1 38% Employee benefits (
Slide 15: Balance Sheet Highlights AEGEAN Group
Balance Sheet Highlights AEGEAN Group in EUR mil. Dec 18 Mar 19 Total fixed assets 255,1 634,9 Cash (incl. restricted) 271,7 537,9 Financial assets available for sale 18,5 14,6 Other current assets 180,7 196,8 Total assets 725,9 1.384,3 Total equity 277,9 265,9 Finance lease liabilities 22,9 20,7 Op
Slide 16: Cashflow Highlights Aegean Group
Cashflow Highlights Aegean Group in EUR mil. Jan - Mar 2018 Jan - Mar 2019 Net cash flows from operating activities 48,1 102,3 Net cash flows from investing activities (1,0) (2,5) Net cash flows from financing activities (2,5) 164,9 Net (decrease)/ increase in cash and cash equivalents 44,7 264,7 Ca
Slide 17: Thank You
THANK YOU A STAR ALLIANCE MEMBER YY
Slide 18: Thank You
+ AEGEAN A A STAR ALLIANCE MEMBER 4% ~