Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — FY2013/14 Earnings Presentation
12 slides from Singapore Airlines's earnings presentation, May 8, 2014
Slide 1: SIA 78th Business Meeting FY2013-14 Results
SIA 78th BUSINESS MEETING FY2013-14 RESULTS 8 MAY 2014 THE PARENT AIRLINE FY2013/14 RESULTS
Slide 2: The Parent Airline Company Operating Performance FY2013/14
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – FY2013/14 % % 4Q/13 Change 2013/14 Change Available Seat-KM 29,356 +0.3 120,503 +1.9 (million) Revenue Pax-KM 22,598 -1.8 95,064 +1.4 (million) Passenger Load 77.0 -1.6 pts 78.9 -0.4 pt Factor (%) Slide 3 THE PARENT AIRLINE COMPANY OPERATING PERFORM
Slide 3: The Parent Airline Company Results FY2013/14
THE PARENT AIRLINE COMPANY RESULTS – FY2013/14 Better/ Better/ 4Q/13 (Worse) 2013/14 (Worse) $million $million $million $million Total Revenue 2,948 (51) 12,480 93 Total Expenditure 3,008 60 12,224 (24) - Fuel Cost 1,180 53 4,844 135 - Fuel Hedging Gain (23) 3 (71) 43 - Ex-fuel Cost 1,851 4 7,451 (2
Slide 4: Operating Performance: Load Factor and Cost Composition
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor (%) Breakeven Load Factor 84 82.7 82.0 80.7 -3.1 80 -4.3 -1.4 78.5 78.0 78.4 -0.6 79.3 78.9 76 3.7 77.4 74.8 72 68 64 0 09/10 10/11 11/12 12/13 13/14 Slide 7 THE PARENT AIRLINE COMPANY COST COMPOSITION – FY2013/14 Others 20.8% (+
Slide 5: Top Expenditure FY2013/14
THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE – FY2013/14 Fuel After 4,773 (-$178 or -3.6%) Hedging 4,951 Aircraft Depr. & 1,798 (+100 or +5.9%) Lease Rentals 1,698 1,567 (-43 or -2.7%) 2013-14 Staff 1,610 2012-13 Handling 871 (+10 or +1.2%) Charges 861 676 (+99 or +17.2%) AMO Costs 577 $M 0 1,000 2,
Slide 6: Fuel Expenditure FY13/14; The Group Results
THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – FY13/14 $M 5200 +60 -218 5000 4,951 +23 Stronger -178 Higher USD (-3.6%) Volume Against -43 4800 Uplifted SGD Lower 4,773 Weighted Higher Average Hedging 4600 Fuel Price Gain 2012-13 Volume Exchange Price Hedging 2013-14 Slide 11 THE GROUP FY2013/14 RESU
Slide 7: Group Revenue and Expenditure FY2013/14
GROUP REVENUE – FY2013/14 ($ million) Half Full Year Year 16,500 Revenue 16,000 $15,244M $7,097M 15,500 15,244 15,098 Year-on-Year 15,000 14,858 14,525 $146M 14,500 +1.0% 14,000 13,500 13,000 12,707 12,500 0 09/10 10/11 11/12 12/13 13/14 Slide 13 GROUP EXPENDITURE – FY2013/14 ($ million) Half Full Y
Slide 8: Group Operating Profit FY2013/14
GROUP OPERATING PROFIT – FY2013/14 ($ million) Half Full Year Year 2,000 Op Revenue Profit $7,097M $259M 1,500 1,271 Year-on-Year $30M +13.1% 1,000 500 286 229 259 63 0 09/10 10/11 11/12 12/13 13/14 Slide 15 GROUP OPERATING PROFIT – FY2013/14 2012/13 2013/14 ($ million) 180 151 131 130 81 87 80 72 7
Slide 9: Group Operating Profit and Contribution by Company
GROUP OPERATING PROFIT – FY2013/14 2012/13 2013/14 ($ million) 180 151 131 +20 130 +15.3% +17 +9 87+24.3% 81 +12.5% 80 72 70 30 -20 -16 -44 -36.4% -70 -60 Q1 Q2 Q3 Q4 Slide 17 CONTRIBUTION TO GROUP OPERATING PROFIT – FY2013/14 ($ million) 2013/14 2012/13 Change % Change Singapore Airlines 256 187 +
Slide 10: Group Net Profit FY2013/14
GROUP NET PROFIT – FY2013/14 ($ million) Half Full Year Year 1,500 Net Revenue Profit $7,097M $359M 1,250 1,092 Year-on-Year 1,000 -$20M -5.3% 750 500 379 359 336 216 250 0 09/10 10/11 11/12 12/13 13/14 Slide 19 GROUP NET PROFIT – FY2013/14 Share of $M Losses of Associated 550 Companies vs Profit La
Slide 11: Dividends FY2013/14; Business Outlook for FY2014/15
DIVIDENDS – FY2013/14 2013/14 2012/13 Earnings Per Share (¢) 30.6 32.2 Interim Dividend Per Share (¢) 10.0 6.0 Proposed Final Dividend Per 11.0 17.0 Share (¢) Proposed Special Dividend Per 25.0 - Share (¢) Total Dividend Per Share (¢) 46.0 23.0 Slide 21 BUSINESS OUTLOOK FOR FY2014/15
Slide 12: Outlook / Thank You
OUTLOOK Intense competition Economic and political risks Elevated and range bound fuel prices Slide 23 Thank You