Capital A Berhad · MYX:CAPITALA
Capital A Berhad — Q4 2024 Earnings Presentation
29 slides from Capital A Berhad's earnings presentation, February 2025
Slide 1: 4Q 2024 Financial Results
capital J 4Q 2024 Financial Results
Slide 2: Forward-Looking Statements and Non-MFRS Financial Information
FORWARD-LOOKING STATEMENTS AND NON-MFRS FINANCIAL INFORMATION This presentation includes forward-looking statements regarding future performance and events. These statements are based on various assumptions and expectations and may include projections of our future financial performance and anticipa
Slide 3: 2024 in review
2024 in review A year spent on corporate exercises Impact Management ● Reduced oversight on day-to-day operations led to inefficient fleet/network focus on plan, headcount creep and inability to minimise costs PN17 exit ● Delay in aircraft reactivation resulted in poor asset utilisation, while also
Slide 4: 2025 action plan
2025 action plan We are almost out of the woods Mitigation ● Negotiate with airports and lessors to get more airport incentives and restructure Cost aircraft leases rationalisation ● Rationalise network to double down on profitable routes and shed loss-making ones ● Rightsize the organisation to kee
Slide 5: 3 things to consider when analysing the results
3 things to consider when analysing the results 1. Financials affected by impending aviation disposal Year-end audit due to aviation disposal has thrown up many adjustments that have clouded the picture of the Group’s performance 2. Focus on the trailing EBITDA and segmental profit EBITDA and core p
Slide 6: Capital A Group financial highlights
Capital A Group financial highlights Quarterly EBITDA margin improved by 10 ppts YoY, while annual EBITDA by 4 ppts YoY despite PAT losses due to forex Non-MFRS (Continued and Discontinued operations consolidated post-elimination) 4Q24 Revenue 4Q24 EBITDA 4Q24 LAT RM5,259 million RM1,279 million - R
Slide 7: Capital A Group 4Q24 adjusted financial highlights
Capital A Group 4Q24 adjusted financial highlights Accounting for forex, non-operating assets and one-offs, segmental profit stood at RM518 mil Net profit Taxation Forex loss Share of Derivative Financing cost to Aircraft Provision for Non-operating Segmental or PAT assoc/JV loss/gain B2B partners r
Slide 8: Capital A Group FY24 adjusted financial highlights
Capital A Group FY24 adjusted financial highlights While full year segmental profit is RM622 mil Net profit Taxation Forex gain Share of Derivative Financing cost Aircraft Provision for Non-operating Non-operating Segmental or PAT assoc/JV loss/gain to B2B partners redelivery impair. of PPE aircraft
Slide 9: After disposal, we emerged with strong core businesses
After disposal, we emerged with 6 strong core businesses A synergistic portfolio of travel-led and digitally focused businesses Engineering Maintenance Flight Bookings Teleport Air Cargo In-flight Catering Payments Brand Management Services (EMS) Hotel Bookings Teleport Solutions F&B Outlet Chain (S
Slide 10: Segmental Report
SEGMENTAL REPORT
Slide 11: Asia Digital Engineering (ADE): Highlights
Asia Digital Engineering (ADE): Highlights RM million (pre-elimination) 4Q24 ● Revenue peaked at RM201 mil - Over 6% contributed by external - Driven by a 19% YoY increase in component sales and notable increase in base maintenance revenue (aligned with new hangar) ● EBITDA of RM31 mil - Quarterly m
Slide 12: Asia Digital Engineering (ADE): Business outlook
Asia Digital Engineering (ADE): Business outlook ADE ● Line Maintenance – ADE Indonesia - We have obtained approvals for ADE Indonesia to perform line maintenance ● Base Maintenance – KLIA hangars - All 14 bay hangars fully operationalised in 1Q25. Capacity is fully booked for the next 12 months – N
Slide 13: AirAsia MOVE: Highlights
AirAsia MOVE: Highlights 4Q24 RM million (pre-elimination) ● Quarterly revenue peaked at RM166 mil (+29% QoQ), - Overall transactions grew by +10.4% rise in transactions and a +16.2% increase in MAUs in the back of simplification of booking flow and data marketing capability. - AirAsia Flights grew
Slide 14: AirAsia MOVE: Business Outlook
AirAsia MOVE: Business Outlook AirAsia MOVE ● Driving Transaction Growth YoY - Committed to steady, consistent YoY transaction growth across Airlines, Hotels, and Rides by investing in demand generation, exclusive promotions, and enhanced cross-selling through advanced hyper-personalisation. ● New R
Slide 15: Teleport: Highlights
Teleport: Highlights Record-breaking quarterly and full-year results RM million (pre-elimination) 4Q24 ● RM352 mil, +58% YoY - largest quarterly revenue ever - EBITDA(1): RM30 mil, +233% YoY increase - Profitable at all levels ● Generated 53% of total revenue outside of AirAsia ● Teleport Next Day l
Slide 16: Teleport: Business outlook
Teleport: Business outlook Teleport In 2025, Teleport is focused on aggressively scaling operations to achieve its goal of moving 2 million parcels a day - driven by four key strategies: ● Network Expansion - Deepen relationship with partner airlines to expand belly and freighter capacity, focusing
Slide 17: Segmental Report: Aviation Group
SEGMENTAL REPORT: AVIATION GROUP
Slide 18: Aviation: Highlights
Aviation: Highlights 4Q24 RM million (pre-elimination) ● Revenue surged to RM4.8 bil, seasonally the busiest quarter - Revenue grew by 8% YoY, consistent with capacity and pax growth, which grew 10% and 9% YoY respectively - Though load factor remained stable at 88%, pax carried peaked at 16.2 mil -
Slide 19: Aviation revenue drivers
Aviation revenue drivers Quarterly ancillary per pax peaked in 4Q24, average fare grew in tandem with capacity 2024 Capacity (in mil) 2024 Average Fares (RM) 2024 Ancillary Income (RM) FY 4Q 3Q 2Q 1Q FY 4Q 3Q 2Q 1Q FY 4Q 3Q 2Q 1Q 70.8 18.6 17.8 17.4 17.0 243 237 231 240 264 54 57 +10% YoY +10% YoY +
Slide 20: RASK, CASK and normalised CASK
RASK, CASK and normalised CASK Growth in FY24 RASK surpassed increase in CASK and CASK ex-fuel 2024 RASK (USc) 2024 CASK (USc) 2024 CASK ex-fuel (USc) FY 4Q 3Q 2Q 1Q FY 4Q 3Q 2Q 1Q FY 4Q 3Q 2Q 1Q 4.87 4.82 4.79 4.76 5.15 5.09 5.53 4.98 4.90 4.93 3.25 3.81 3.16 2.94 2.96 +9% YoY -1% YoY +4% YoY +9% Y
Slide 21: Total fleet
Total fleet 215 218 221 224 225 Total fleet 191 195 201 205 208 Total active fleet Storage (Non-active) ● Expect to receive additional 2 deliveries in (inc 2 aircraft to be returned) 1Q25 for TAA Storage undergoing check ● By end of 1Q25, expect to have 208 active aircraft, consisting 193 available
Slide 22: Aviation: Business outlook
Aviation: Business outlook Operational Outlook ● 1Q25 capacity is expected to recover to 91.6% of pre-pandemic levels, with the remaining 17 aircraft currently in storage to be active in 2025 ● Peak quarter performance is expected to maintain due to Chinese New Year and school holidays, but will dam
Slide 23: Internal Targets
INTERNAL TARGETS
Slide 24: 2025 outlook summary
2025 outlook summary CORPORATE OPERATIONS Conclude proposed Aviation disposal. ADE: Pursue aggressive capacity expansion. Complete PN17 regularisation plan. Teleport: Accelerate e-commerce & Teleport Next Day growth to achieve 2 million parcels delivered daily. Refinance existing debts MOVE: Improve
Slide 25: 2025 internal targets
2025 internal targets Basis of assumption As-is structure Non Aviation Aviation Consolidated Pax Carried 70 mil FY25 FY25 FY25 ASK 95,000 Jet fuel/bbl 90 Revenue RM 3.5 - 4 bil RM 22 - 24 bil RM 25.5 - 28 bil USD:MYR 4.4 USD:PHP 58 USD:IDR 16,100 EBITDA RM 0.5 - 0.6 bil RM 4 - 4.8 bil RM 4.5- 5.4 bi
Slide 26: Appendix
APPENDIX
Slide 27: 4Q24 and FY24 aviation performance
4Q24 and FY24 aviation performance Key Indicators 4Q24 4Q23 YoY FY24 FY23 YoY Passengers Carried 16,266,309 14,879,889 9% 63,184,526 56,985,467 11% Capacity 18,562,306 16,899,802 10% 70,831,032 64,397,379 10% Load Factor (%) 88 88 0 89 88 1 ppt RPK (million) 19,272 17,243 12% 74,562 65,250 14% ASK (
Slide 28: 4Q24 and FY24 ADE, Teleport, AirAsia MOVE operating performance
4Q24 and FY24 ADE, Teleport, AirAsia MOVE operating performance Key Indicators 4Q24 4Q23 YoY FY24 FY23 YoY No. of hangar line 16 7 9 16 7 9 No. of base maintenance check 22 20 10% 63 72 -13% No. of line maintenance check 3,066 2,840 8% 12,758 10,943 17% Tonnage (tonnes) 85,950 64,738 33% 295,926 204
Slide 29: Thank You
h_c&a Thank You capital J