18 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Nov 7, 2018
Slide 1: Earnings Webcast
Earnings Webcast November 7, 2018
Slide 2: Agenda
Agenda Headline Results 9M18 Highlights 9M18 Financial Review Q&A Jazeera Airways . 2
Slide 3: Headline Results
Headline Results Jazeera Airways . 3
Slide 4: Operational Highlights 3Q18
Headline Results Operational Highlights 3Q18 Passengers +37.2% Load Factor +4.2% Utilization +11.0% (3Q17: 448k – 3Q18: 615k) (3Q17: 75.8% – 3Q18: 80.0%) (3Q17: 13.4hrs – 3Q18: 14.8hrs) Jazeera Airways . 4
Slide 5: Financial Highlights 3Q18
Headline Results Financial Highlights 3Q18 Operating Revenue: Operating Profit: Net Profit: KWD29.2 mn KWD7.6 mn KWD7.0 mn (Adjusted: KWD8.5 mn – YoY: +1.8%)* (Adjusted: KWD7.8 mn – YoY: -3.7%)* 3Q17: KWD21,933,176 3Q17: KWD8,303,690 3Q17: KWD8,201,455 3Q18: KWD29,248,188 3Q18: KWD7,604,530 3Q18: KW
Slide 6: Financial Highlights 9M18
Headline Results Financial Highlights 9M18 Operating Revenue: Operating Profit: Net Profit: KWD63.7 mn KWD8.9 mn KWD8.5 mn (Adjusted: KWD10.1 mn – YoY: +6.5%)* (Adjusted: KWD9.6 mn – YoY: +1.1%)* 9M17: KWD46,018,707 9M17: KWD9,499,816 9M17: KWD9,543,999 9M18: KWD63,695,403 9M18: KWD8,940,847 9M18: K
Slide 7: Commercial Highlights 9M18
Headline Results Commercial Highlights 9M18 E commerce Sales Ancillary Revenue +39.7% Vs. 9M17 +42.0% Vs. 9M17 Jazeera Airways . 7
Slide 8: 3Q18 Key Highlights
Headline Results 3Q18 Key Highlights Hyderabad flare and wing incidents Signed contract to provide Blue- put one aircraft out of service for Box IFE Streaming on our aircrafts. almost three weeks in July. Kochi flood caused airport closure Fuel prices continued their uptrend affecting our flight sch
Slide 9: Network Highlights
Headline Results Network Highlights 50% Market Tbilisi Istanbul Share Baku 45% Market Share Mashhad Beirut 6 New Najaf 42% Lahore Destinations 2018 Ahmedabad Alexandria Amman Market Share Kuwait Launched Launched Cairo 2017 1Q18 2Q18 10% Sharm El Doha Market Sheikh Share Bahrain Assiut 8.2% Medinah
Slide 10: Fleet Highlights
Headline Results Fleet Highlights Current fleet of 9 aircrafts up The latest addition was the first from 7 at the end of 2017. A320 neo to be delivered in the region. The A320 neo offers: significant fuel savings up to 18% over traditional engines. Allows more flying time expanding Contracts signed
Slide 11: Jazeera Facilities 9M18
Headline Results Jazeera Facilities 9M18 Terminal carried 795,218 Several concessions were operat- passengers since opening. ing through their grace periods. All Jazeera passengers in 3Q18 Retail lease ongoing, F&B will flew through the terminal. start operations in November. Duty Free finalized per
Slide 12: Financial Review
Financial Review Jazeera Airways . 12
Slide 13: Financial Review 9M18
Financial Review 9M18 9M17 9M18 CHANGE YIELD BY QUARTER (KD) Operating Revenue 46,018,707 63,695,403 38.4% Operating Expenses 36,518,891 54,754,556 49.9% Operating Profit 9,499,816 8,940,847 -5.9% Net Profit 9,543,999 8,476,185 -11.2% 9M17 9M18 CHANGE PASSENGERS BY QUARTER (000) Current Assets 32,10
Slide 14: Financial Review: Fuel Swaps and Costs
Financial Review 9M18 Brent Swap Vs. SINGJET Swap (USD/BBL) Singjet Brent Swap Fuel as Percent of Direct Costs Jazeera Airways . 14
Slide 15: Q&A
Q&A Jazeera Airways . 15
Slide 16: Key Contacts & Links
Key Contacts & Links For more information please contact Krishnan Balakrishnan VP Finance krishnan.balakrishnan@jazeeraairways.com Mostafa El-Maghraby Head of Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reut
Slide 17: 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 18: Thank you
Thank you