Capital A Berhad · MYX:CAPITALA
Capital A Berhad — Q4 2024 Earnings Presentation
13 slides from Capital A Berhad's earnings presentation, March 2025
Slide 1: 4Q 2024 Post Financial Results
4Q 2024 Post Financial Results
Slide 2: Executive summary
Executive summary ● 4Q24 was a good quarter for Capital A but due to a change in reporting format and non-recurring items, the result has not been perceived well ● Many costs were annualised due to new accounting estimates and ongoing audit for the financial year & in preparation for the impending d
Slide 3: Why the change in reporting format
Why the change in reporting format ● Under MFRS 5, an entity is required to classify as held for sale any non-current assets where the carrying amount will be recovered principally through a sale transaction rather than through continuing use. This occurs when (a) the sale is highly probable, (b) th
Slide 4: Rely on segmental accounting
Rely on segmental accounting ● Interim Financial Statements have been prepared to include the requirements of MFRS 5 to account for the disposal of the aviation business, as stated in Note 1 of the Bursa announcement – Note 26 (a) provides the segmental performance of the non-aviation businesses (co
Slide 5: 4Q24 aviation and non-aviation results
4Q24 aviation and non-aviation results RM ’000 Aviation Non-Aviation Tot. Segments Elimination Adj Total Revenue 4,820,422 880,105 5,700,527 (441,797) 5,258,730 Staff costs (625,618) (187,564) (813,182) 2,616 (810,566) Fuel costs (1,708,850) (11,907) (1,720,757) 25,088 (1,695,669) Maintenance and ov
Slide 6: Aviation: Above the line details (staff, other opex, other income)
Aviation: Above the line details (staff, other opex, other income) RM ’000 4Q24 Revenue 4,820,422 Staff costs (625,618) ● Contains bonus payout RM140 mil Fuel costs (1,708,850) Maintenance and overhaul (857,325) ● Increase in brand fee due to increase in revenue User charges and other related expens
Slide 7: Aviation: Above the line details (Depreciation and Interest)
Aviation: Above the line details (Depreciation and Interest) RM ’000 4Q24 Revenue 4,820,422 Staff costs (625,618) Fuel costs (1,708,850) Maintenance and overhaul (857,325) User charges and other related expenses (787,602) Other operating expenses (533,155) Other income 861,728 ● New aircraft deliver
Slide 8: Aviation: Below the line details
Aviation: Below the line details RM ’000 4Q24 Segment results 125,585 ● 19 aircraft inactive in 4Q24 Non-operating aircraft depreciation (88,522) Non-operating aircraft interest expense (26,334) ● Non-recurring 4Q24 adjustments due to ongoing audit exercise on provisions Provision for impairment of
Slide 9: Updated Aviation core profit - removing more non-recurring
Updated Aviation core profit - removing more non-recurring RM ’000s 4Q24 Remarks Core profit 125,585 Other Income (600,000) Rearrangement of future aircraft delivery slots Interest expense 245,667 Year end reconciliation of lease liability calculations Year end reconciliation of ROU calculations whi
Slide 10: Updated Aviation P&L after adjustment
Updated Aviation P&L after adjustment RM ’000 Aviation Adjustment Adj. Aviation Revenue 4,820,422 4,820,422 Staff costs (625,618) 105,000 (520,618) Fuel costs (1,708,850) (1,708,850) Maintenance and overhaul (857,325) 188,000 (669,325) User charges and other related expenses (787,602) (787,602) Othe
Slide 11: Adjusted CASK without the non-recurring, is close to 2019 level
Adjusted CASK without the non-recurring, is close to 2019 level 4Q24 4Q19 CASK as per announcement 5.96 3.91 CASK ex-fuel as per announcement 4.24 2.68 Adjusted CASK 4.42 Adjusted CASK ex-fuel 2.70 11
Slide 12: If all aircraft are active, 5% core profit margin is achievable
If all aircraft are active, 5% core profit margin is achievable RM ’000s 4Q24E Remarks 19 storage + 6 constant AOG (due to supply Fare revenue 600,000 chain constraints) = 25 aircraft @ RM8 mil fare revenue per aircraft per month 30% gross profit 180,000 Variable cost at 70%, ie fuel, user charges,
Slide 13: Thank You
h_c&a Thank You capital J