Norwegian Air Shuttle Asa · OSL:NAS

Norwegian Air Shuttle Asa — Q2 2012 Earnings Presentation

9 slides from Norwegian Air Shuttle Asa's earnings presentation, 2012

  1. Slide 1: Double digit revenue growth in Q2

    Double digit revenue growth in Q2 • Group revenues of MNOK 3,170 in Q2 2012 Slide: 2

  2. Slide 2: Pre-tax profit improved by 50 million

    Pre‐tax profit improved by 50 million – EBITDAR MNOK 680 (347) – EBITDA MNOK 410 (137) – EBIT MNOK 322 (73) – Pre‐tax profit (EBT) MNOK 125 (75) – Net profit MNOK 91 (54) EBITDAR development Q2 EBT development Q2 Slide: 3 Underlying EBT improvement of MNOK 187 • Realized fuel price up 7 % since last

  3. Slide 3: Cash & cash equivalents of NOK 1.6 billion

    Cash & cash equivalents of NOK 1.6 billion • Cash flows from operations in Q2 2012 MNOK +571 (+275) • Cash flows from investing activities in Q2 2012 MNOK ‐478 (‐756) • Cash flows from financing activities in Q2 2012 MNOK ‐6 (+471) • Cash and cash equivalents at period‐end MNOK +1,574 (+1,219) 5 Equ

  4. Slide 4: Traffic growth of 15% in Q2 2012

    Traffic growth of 12 % in Q2 2012 • Third party strike reduced traffic and load by 3 ‐ 4 p.p. • Unit revenue (RASK) up 2 % + 15 % 100 % ASK Load Factor 6 000 79 % 79 % 78 % 78 % 78 % 78 % 76 % 75 % 80 % 5 000 67 % 61 % 4 000 60 % 3 000 40 % Available Seat KM (ASK) 2 000 20 % Load Factor 1 000 0 0% Q

  5. Slide 5: Continued strong international growth in Q2

    Continued strong international growth in Q2 • The Helsinki operation grew with 41,000 pax in Q2 • Flights to and from Norway affected by industrial actions Norwegian in Oslo Norwegian in Stockholm Norwegian in Copenhagen ‐ 36,000 pax + 135,000 pax + 169,000 pax 50 % + 12,000 pax 40 % +14,000 pax ‐ 4

  6. Slide 6: Norwegian aiming for FY CASK NOK 0.30 excluding fuel

    Norwegian aiming for FY CASK NOK 0.30 excluding fuel Scale economies New more efficient aircraft Growth adapted to int’l markets • Uniform fleet of Boeing 737‐800s • Flying cost of 737‐800 lower than 737‐300 • Cost level adapted to local markets • Overheads • 737‐800 has 38 “free” seats • Outsourcin

  7. Slide 7: Ancillary revenue remains a significant contributor

    Ancillary revenue remains a significant contributor • Ancillary revenue comprises 11 % of Q2 revenues • NOK 78 per scheduled passenger (equivalent to last year) 13 Current committed fleet plan • 13 new 800 deliveries in 2012 • Short term shortage of 800’s – Temporarily covered by existing 300’s (201

  8. Slide 8: Expectations for 2012

    Expectations for 2012 • Business environment – Increased economic uncertainty in parts of Europe – Seasonal fluctuations – Continued but stabilized yield pressure • Production – The company expects a production growth (ASK) in excess of 15 % – Primarily from increasing the fleet by adding 737‐800’s

  9. Slide 9: Slide: 17

    Norwegian Air Shuttle ASA Mailing address P.O. Box 113 No- 1330 Fornebu ee Q site address Oksengyveien 3 Telephone Be 52) 3 Telefax +47 Geo gise vane g w \ Organization number

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