Capital A Berhad · MYX:CAPITALA
Capital A Berhad — Q1 2023 Earnings Presentation
22 slides from Capital A Berhad's earnings presentation, May 31, 2023
Slide 1: 1Q23 Financial Results Presentation
1Q23 Financial Results Presentation 31 May 2023
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Information contained in our presentation is intended solely for your personal reference and is strictly confidential. 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
Slide 3: Key Highlights for 1Q23
Key Highlights for 1Q23 ● Strong EBITDA of RM502 mil and Net Profit of RM26 mil on the back of RM2.5 bil revenue, when operating only 1421 aircraft (70% of 2019 fleet). ● Operating cash flow of RM 529 mil, highest level since the onset of covid-19 pandemic. ● With AAV consolidation2, the Group’s EBI
Slide 4: Capital A is more than an airline
Capital A is more than an airline An investment holding with a broad portfolio of synergistic travel and lifestyle businesses AVIATION SERVICES MOVE LOGISTICS AirAsia Leasing Co. 4
Slide 5: Aviation Group 1Q23 Highlights
Aviation Group 1Q23 Highlights Steady revenue growth upholds positive EBITDA, reaching 74% of 1Q19 level REVENUE EBITDA RM million RM million Recovery 81% Recovery 2,239 74% 1Q22 1Q19 4Q22 1Q23 1Q19 1Q22 4Q22 1Q23 ● Aviation quarterly revenue achieved 81% recovery of RM2.2 bil, ● Achieved quarterly
Slide 6: Ancillary income
Ancillary income APP up 65% YoY to RM48, duty-free shopping experience renewed with new partnership ● CHECKED BAGGAGE: up 396% YoY, Outlook ○ Higher take up rate and fees on international flights ○ Dynamic pricing that optimizes pricing & take-up rate. Ancillary revenue continue to improve through i
Slide 7: RASK and CASK
RASK and CASK RASK at USc 4.51, remain above 1Q19 level while CASK on downward trend for 5 consecutive quarters - optimistic to return to pre-pandemic levels 2.0 6 1Q19 1Q22 1Q23 1Q19 1Q22 1Q23 1Q19 1Q22 1Q23 ● RASK up by 34% YoY to USc 4.51 on the ● CASK of USc 4.49 down 43% YoY, despite the ● CASK
Slide 8: Aviation Outlook
Aviation Outlook Gearing to return to normalcy to pre-pandemic levels Fleet & capacity recovery Network Financial Re-activated 157 aircraft by end Target to operate in 290* routes by Fuel price expected to come down 1Q, on track to fully operate aircraft year end, an additional of 25 routes further
Slide 9: Fleet Activation
Fleet Activation Aim to reactivate all aircraft by 3Q23 and position for future growth 2023 fleet reactivation plan ● Activated 156 A320 and 1 A330 aircraft as of 1Q23, aim to fully reactivate by 3Q23 ● New induction of 4 A320 aircraft in 2023 ● Plan above is excluding 3 A321 freighter and 2 aircraf
Slide 10: Strong and valuable order book
Strong and valuable order book 362 order book that can fuel growth in an environment of limited aircraft supply Total 362 ● The market is experiencing shortage of aircraft in the short term as supplier is experiencing constraints mainly due to Covid recovery and raising energy prices. ● Well positio
Slide 11: Aviation Services (ADE) Highlights
Aviation Services (ADE) Highlights Promising result extends into 1Q2023, recent funding paves the way for growth REVENUE EBITDA RM million RM million Hangar Checks AEROTRADE Sale Qty 14 ac 15K 84% 97% +6 YoY 103% QoQ No. of Line 7 line +4 YoY 1Q22 1Q23 1Q22 1Q23 1Q23 Performance Outlook ● Posted rev
Slide 12: Teleport Highlights
Teleport Highlights Strong start with positive EBITDA; stellar performance in e-Commerce deliveries REVENUE EBITDA RM million RM million Tonnage No. of Deliveries 3% 35,723 39% YoY 15% QoQ 5.685 million 502% YoY 80% QoQ Yield (RM/kg) 1Q22 1Q23 3.34 36% YoY 12% QoQ 277% 1Q22 1Q23 1Q23 Performance Out
Slide 13: airasia Superapp Highlights
airasia Superapp Highlights Revenue growth fueled by travel and delivery segments REVENUE EBITDA RM million RM million Average Monthly Active Gross Booking Value (MYR) 217% Users (MAU) 3,112mil 4% QoQ 12.8mil 12% QoQ 324% YoY 175% 20% YoY No. of Transactions 1Q22 1Q23 5.9mil 1% QoQ 99% YoY 1Q22 1Q23
Slide 14: BigPay Highlights
BigPay Highlights Users spending grew along continued travel resurgence REVENUE EBITDA RM million RM million 1Q22 1Q23 79% Carded Users (cumulative) Total Users (cumulative) 1.37mil 4% QoQ 17% YoY 3.80mil 4% QoQ 19% YoY 13% 1Q22 1Q23 1Q23 Performance Outlook ● Revenue of RM11 mil, up 79% YoY and EBI
Slide 15: Q&A
Q&A 15
Slide 16: Thank You
THANK YOU 16
Slide 17: Appendix
APPENDIX
Slide 18: 1Q23 Financial Highlights
1Q23 Financial Highlights Recovery 25% Recovery 88% Recovery 70% 1Q22 1Q19 1Q23 1Q22 1Q19 1Q23 1Q19 1Q22 1Q23 Group Revenue of RM2,530 mil increased Group EBITDA of RM502 mil improved by 161% YoY, Group net profit of RM26 mil up by 212% YoY, ● Aviation EBITDA improved significantly YoY, 102% YoY ● A
Slide 19: Capital A 1Q23 Performance
Capital A 1Q23 Performance Revenue up 212% and EBITDA up 263% YoY; Net profit of RM26 mil 1Q22 - 1Q23 REVENUE MOVEMENT (RM million) ● Revenue grew to RM2.5 bil driven by the travel recovery ○ Positively contributing to all business segments, especially Aviation which saw an increase of RM1.6 bil rev
Slide 20: Capacity recovery
Capacity recovery Domestic capacity stood at 81%, while international capacity reached 60% of 1Q2019 level Pre-Covid Pre-Covid Level Level Capacity to Capacity to pre-Covid 65% 72% 77% 80% pre-Covid 76% 77% 81% 98% Pre-Covid Pre-Covid Level Level Capacity to Capacity to pre-Covid 71% 85% 97% 100% pr
Slide 21: 1Q23 Aviation Performance
1Q23 Aviation Performance CONSOLIDATED AIRLINES ASSOCIATE AIRLINE MAA IAA PAA TAA Key Indicators 1Q23 1Q22 YoY 1Q23 1Q22 YoY 1Q23 1Q22 YoY 1Q23 1Q22 YoY Passengers Carried 5,702,403 2,807,892 103% 1,223,287 380,496 221% 1,650,672 560,849 194% 4,580,331 1,450,780 216% Capacity 6,483,708 3,792,372 71%
Slide 22: 1Q23 Digital, Logistics and Engineering Operating Performance
1Q23 Digital, Logistics and Engineering Operating Performance Key Indicators 1Q23 1Q22 4Q22 QoQ YoY Carded Users (cumulative) 1,366,169 1,168,361 1,311,867 4% 17% Monthly Active Users (MAU)('000) 12,855 10,740 11,449 12% 20% No. of Transactions ('000) 5,979 3,000* 6,010 -1% 99% Gross Booking Value (