Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — Q2 2018 Earnings Presentation
28 slides from Vietjet Aviation Joint Stock's earnings presentation, July 2018
Slide 1: Key Highlights –Q2/2018 Business result
Key Highlights –Q2/2018 Business result July 2018
Slide 2: Disclaimer
Disclaimer INFORMATION CONTAINED IN OUR PRESENTATION IS INTENDED SOLELY FOR YOUR REFERENCE. SUCH INFORMATION IS SUBJECT TO CHANGE WITHOUT NOTICE, ITS ACCURACY IS NOT GUARANTEED AND IT MAY NOT CONTAIN ALL MATERIAL INFORMATION CONCERNING THE COMPANY. NEITHER WE NOR OUR ADVISOR MAKES ANY REPRESENTATION
Slide 3: Key Highlights
Key Highlights Carried 5.806 m passengers in Q2 2018, an increase of 28.9% compared with Q2 2017. (Total Passenger carried in Q2 2017 was 4.505 mil) Capacity in Q2 2018 is 6.67m seat flown, increase 29.8 % compared with Q2 2017. Vietjet operate 94 routes in Q2 2018 including 38 Domestic routes
Slide 4: Operating Statistics
Operating Statistics TOTAL ROUTES OPERATED Modern and young fleet with average age of 2.95 years comprising 24 Airbus A320s and 30 A321s and 1 A321NEO as of 30/06/2018. Up to 30/06/2018, VJC has total 371 aircraft on order with Airbus and Boeing in which the company received 43 aircraft. 94.0 73
Slide 5: Passenger Growth To More Than 40% Per Annum
Passenger Growth To More Than 40% Per Annum Total Passengers (‘000 pax) 50,000 45,000 43,000 39,000 40,000 36,000 34,000 35,000 30,000 30,000 24,100 25,000 20,000 17,110 15,000 14,051 9,313 10,000 5,562 5,000 3,156 - 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 4
Slide 6: Flight network extension
Flight network extension The number of Routes: 94 routes (includes: 38 domestic routes and 56 international routes 5
Slide 7: Vietjet opened direct flights connecting Hanoi & Ho Chi Minh City to Osaka (Japan)
Vietjet opened direct flights connecting Hanoi & Ho Chi Minh City to Osaka (Japan) 6 6
Slide 8: Products - Services
Products - Services Reasonable and economical price with varied ticket types for choosing. Added services were offered, such as check-in priority, boarding priority, hot meals, pre-ordered beverages, and much more, were made available. “12pm, It’s time to Vietjet” promotion campaign offered millions
Slide 9: Products - Services
Products - Services At all airport, areas serving Vietjet's inbound and outbound flights are synchronously designed, equipped with modern equipment and prominent branding signs to facilitate customers. Operated international flights at new terminal T2 in Cam Ranh and transfered flight operation to T
Slide 10: Typical events of the Q2 2018
Typical events of the Q2 2018 Organized Annual General Shareholders Meeting 2018 successfully. Strengthened cooperation at the ACMECS 2018 Economic Cooperation Strategy Summit and 2018 CLMV Summit Attended the 74th International Air Transport Association (IATA) Conference Opened direct flights from
Slide 11: Vietjet Academy
Vietjet Academy In the second quarter, Vietjet has finished the construction of Aviation Academy in cooperation with Airbus, which been installing equipment to be in operation in the next quarter, ensuring a stable training, reducing time and cost of regular pilot training. 10 10
Slide 12: Awards
Awards Listed at the top companies of Nhip cau Dau tu Magazine “Vietnam’s 50 Best – performing Companies 2017”, being on “the Billion-Dollar Club” of companies which have market capitalization of over USD1 billion. Being honored as one of the Vietnam's 50 best listed companies in 2018 by Forbes Top
Slide 13: Fleet Expansion
Fleet Expansion Vietjet’s aircraft fleet by 30th June, 2018 stood at 55 aircraft including 24 Airbus A320s and 31 Airbus A321s with the average age of 2.95 years. The fleet of aircraft has seat configuration from 180 to 220-230 seats and the designs are in tune with the low cost airline business mod
Slide 14: Lively fleet of Vietjet
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Slide 15: A321 deliver cost & revenue benefits
Young, modern and Fuel Efficient Fleet AC Type Vietjet Air Asia Indigo Jetstar easyJet Ryanair (AK) (JQ) (U2) A319 ( 156 seats) 91 A320 24 87 131 52 103 A321 ( 230 seats) 31 8 B737 NG 436 Avg. Age (y) 2.95 5.6 6.1 7.8 7.7 6.8 Total 55 87 131 60 194 436 A321 deliver cost & revenue benefits 14
Slide 16: Cost, cost & cost! A strong focus on cost
Cost, cost & cost! A strong focus on cost 15
Slide 17: Fleet Expansion: Young, modern and Fuel Efficient Fleet
FLEET EXPANSION Young, modern and Fuel Efficient Fleet 100 90 80 70 60 50 40 30 20 10 0 2017 2018 2019 2020 A320 A321 737Max8 2017 2018 2019 2020 A320 24 25 22 19 A321 27 43 52 42 737 Max 200 0 0 4 28 Total 51 68 78 89 16
Slide 18: Daegu - the new destination of Vietjet in South Korea
Daegu - the fourth largest city of South Korea is the new destination of Vietjet in this beautiful country 17
Slide 19: Comprehensive fuel saving program
Comprehensive fuel saving program Applying advanced technology and environment friendly solution in daily operation is one of the top priorities of Vietjet. By analyzing both operational and maintenance aspects, Safran’s SFCO2® service develops procedures and recommendations to address airlines’ nee
Slide 20: Safety and Quality activities of the 1H2018
Safety and Quality activities of the 1H2018 Continue working with Airbus Nablue to enhance Flight Data Monitoring. Working with Airbus to study more about Skywise digital aviation data platform – which aims to become the single platform of reference used by all major aviation players to improve oper
Slide 21: Best In Class Cost Structure With Room For Improvement
Best In Class Cost Structure With Room For Improvement 8.55 7.13 7.2 6.76 6.18 5.73 5.83 5.72 5.89 5.56 5.59 5.34 5.54 5.4 5.13 5.16 5.02 5.15 4.83 4.74 4.56 4.424.29 4.03 3.98 4.02 4.10 3.54 3.78 3.73 3.42 3.46 3.07 2.82 2.74 2.26 2.36 1.94 Allegiant Southwest Indigo Gol Linhas Spirit SpiceJet Viet
Slide 22: Latest orders for more Boeing and Airbus aircraft
The latest orders to purchase more 100 Boeing and 50 Airbus aircraft will help Vietjet 21 developing our airline alliances across the Asia Pacific region and worldwide
Slide 23: Best Class In Operating Performance (Separated Fs)
Best Class In Operating Performance (Seperated Fs) TOTAL REVENUE (VND’bil) OPERATING PROFIT (VND’bil) Total Revenue: increased 52.1% from 5,648 VND billion in Q2 2017 to 8,588 VND billion in Q2 2018. Operating Profit grew up 26.3% 8,588 662 836 5,648 to 836.14 VND billion in Q2 2018 compared to same
Slide 24: Solid Growth In Ancillary
Solid Growth In Ancillary Ancillary revenue per pax: increased 6.3% from 14.2 USD/pax in Q2/2017 to 15.1 USD/pax in Q2/2018. Ancillary revenue per pax USD/pax Total Ancillary revenue as % of Total Operation Revenue slightly decreased to 22% in Q2/2018 compare to Q2/2017 15.1 14.2 Q2-17 Q2-18 Anc
Slide 25: Excellent Financial Performance (Consolidated Fs)
Excellent Financial Performance (Consolidated Fs) RASK (US Cents) CASK (US Cents) Revenue per ASK increased 11% YoY due to strong growth from passenger carried (up 28.9%) and high load factor at 87.1%. 4.83 4.03 Cost per ASK impacted by higher fuel 4.35 3.78 price (up 6.6%). Q2-17 Q2-18 Q2-17 Q2
Slide 26: Excellent Financial Performance (Consolidated Fs)
Excellent Financial Performance (Consolidated Fs) TOTAL ASSETS (VND’Bil) TOTAL EQUITY (VND’bil) • Total assets: increased 40% from 24,945 VNDbil in Q2-17 to 34,891 VNDbil in Q2-18. • Total Equity increased 48.7% to 34,891 11,842 11,842 VND bil in Q2-18 due to 24,945 7,964 strong Retained Earnings fr
Slide 27: Definitions And Abbreviations
Definitions And Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost (excluding cost of aircraft sold) per Available Seat Kilometer. CASK ex-fuel Total Cost (excluding cost of aircraft sold, fuel) per Available Seat Kilometer. RASK Total Revenue (excluding Revenue from sale ai
Slide 28: THANK YOU
THANK YOU 27
Vietjet Aviation Joint Stock Company — Q2 2018 Earnings Presentation on 6ix