Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q1 2023 Earnings Presentation
22 slides from Jazeera Airways Co. (ksc)'s earnings presentation, May 2, 2023
Slide 1: 1Q23 Earnings Webcast
1Q23 Earnings Webcast 02 May 2023
Slide 2: Starting Shortly…
Starting Shortly…
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda Operational & Financial Headlines Operational Performance Outlook for 2Q23 & 2023 Financial Review Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 1Q23 Operational Headlines
1Q23 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1Q23: 1,108 K 1Q23: 82.1% 1Q23: 13.7 hrs 1Q23: KWD41.1 1Q22: 708 K 1Q22: 75.2% 1Q22: 11.6 hrs 1Q22*: KWD47.6 +56.6% +6.9% +18.5% -13.6% * Impact of Post-COVID elevated yield.
Slide 7: 1Q23 Financial Headlines
1Q23 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 1Q23: KWD48.3 mn 1Q23: KWD3.6 mn 1Q23: KWD2.3 mn 1Q22: KWD35.7 mn 1Q22: KWD5.3 mn 1Q22*: KWD3.8 mn +35.2% -31.3% -39.7% * Impact of Post-COVID elevated yield.
Slide 8: Ancillary Revenue
Ancillary Revenue CARGO ANCILLARY E-COMMERCE REVENUE REVENUE REVENUE 1Q23: KWD536 k 1Q23: KWD3.5 mn 1Q23: KWD8.9 mn 1Q22: KWD408 k 1Q22: KWD2.7 mn 1Q22: KWD6.3 mn +31.3% +30.2% +42.8%
Slide 9: Terminal 5 Performance
Terminal 5 Performance 1Q23 KWD2.8 mn KWD2.2 mn KWD1.9 mn Revenue EBITDA Net Profit 1Q22: KWD2.1 mn 1Q22: KWD1.6 mn 1Q22: KWD1.4 mn Retail occupancy: 95% of Other revenue: available space occupied as leasing picks pace with an increase of 60% in revenue Completed expansions: To a capacity of c. 4.5
Slide 10: Operational Performance
Operational Performance
Slide 11: 1Q23 Market Share & Passengers Distribution
1Q23 Market Share & Passengers Distribution PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC MARKET SHARE DISTRIBUTION – 1Q22 DISTRIBUTION – 1Q23 29.9% at KWI Other, Other, Egypt, 14.1% Egypt, 16.8% 14.6% 29.9% 19.6% Europe, 5.9% Europe, 26.3% 8.6% GCC, 34.9% Indian Indian Subcontinent, Subcontinent, 20.
Slide 12: Operational Updates
Operational Updates New destinations Fuel Terminal expansions • Launched Moscow as the first • Fuel prices still on the higher end • T5 upgrade program ongoing destination in Russia in but significantly lower than the with more gates, single security February 2023. peaks of last year. check and enla
Slide 13: Destinations 1Q23 vs 1Q22
• 1Q23: 51 destinations • 1Q22: 38 destinations
Slide 14: Outlook
Outlook
Slide 15: Outlook for 2Q23 and FY2023
Outlook for 2Q23 and FY2023 Operating Performance Travel Outlook • Compared to 2Q22, we foresee more passengers carried and • Yields have completely normalized and expected to continue more normalized yield in 2Q23. within normal parameters. • Jet fuel and crack spread have marginally subsided but •
Slide 16: Financial Review
Financial Review
Slide 17: 1Q22 Vs 1Q23 Key Parameters
1Q22 Vs 1Q23 Key Parameters 1Q22 Vs 1Q23 Operating Parameters 1Q22 1Q23 CHANGE KWD 1Q22 1Q23 CHANGE Average Aircraft 17 20 17.4% Revenue 35,740,429 48,326,771 35.2% Destination Cities 38 51 34.2% Operating Expenses -30,462,519 -44,699,386 -46.7% Revenue Drivers 1Q22 1Q23 CHANGE Operating Profit 5,27
Slide 18: 1Q23 Financial Performance
1Q23 Financial Performance • Load factor increased by 7% and passengers by 56% driving revenues upwards, partially offset by the 14% decline in yield. • Terminal revenue increased by 35% compared to 1Q22. • Operating margin was 15.1%, despite Operating costs being higher by 47% in line with the high
Slide 19: 1Q23 Key Performance Metrics
1Q23 Key Performance Metrics BRENT Swap Vs. SINGJET Swap (USD/BBL) Quarterly Yield (KWD) 143.7 175 126.3 117.9 109.1 107.0 101 88 92 116.7 75 68 62 103.1 49 56 97.4 46 48 48 40 41 88.5 38 32 34 SINGJET Swap 82.2 BRENT Swap 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q
Slide 20: Q&A
Q&A
Slide 21: Contact
Contact For more information please contact: Mostafa El-Maghraby Head of Investor Relations investorrelations@jazeeraairways.com Krishnan Balakrishnan Chief Financial Officer krishnan.balakrishnan@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reu
Slide 22: Thank You
-ayjaul Jazeefa. "1 —~