Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — FY2007-08 Earnings Presentation

23 slides from Singapore Airlines's earnings presentation, May 14, 2008

  1. Slide 1: SIA Group FY2007-08 Results

    SIA GROUP FY2007-08 RESULTS 14 MAY 2008

  2. Slide 2: The Parent Airline FY2007-08 Results

    THE PARENT AIRLINE FY2007-08 RESULTS

  3. Slide 3: The Parent Airline Company Results – FY2007/08

    THE PARENT AIRLINE COMPANY RESULTS – FY2007/08 ($ million) 2007-08 2006-07 % Change Total Revenue 12,759.6 11,343.9 + 12.5 Total Expenditure (11,115.6) (10,316.9) + 7.7 Operating Profit 1,644.0 1,027.0 + 60.1

  4. Slide 4: Parent Airline Operating Performance – FY2007/08

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – FY2007/08 2007-08 2006-07 % Change Passenger Yield 12.1 10.9 + 11.0 (¢/pkm) Unit Cost 8.4 7.9 + 6.3 (¢/ask) Passenger 69.4 72.5 – 3.1 pts Breakeven Load Factor (%)

  5. Slide 5: Parent Airline Operating Performance – FY2007/08

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – FY2007/08 2007-08 2006-07 % Change Passenger Load 80.3 79.2 + 1.1 pts Factor (%) Passenger 69.4 72.5 – 3.1 pts Breakeven Load Factor (%) Passenger Load 10.9 pts 6.7 pts + 4.2 pts Factor Spread (%)

  6. Slide 6: Parent Airline Operating Performance – Load Factors

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE –FY2007/08 (%) 85 Passenger Load Factor Breakeven Load Factor 80.3 80 79.2 75.6 74.1 +6.7 75 +10.9 +4.8 72.5 +4.8 70.8 70 69.3 69.4 65 60 2005 2006 2007 2008

  7. Slide 7: Parent Airline Cost Composition – FY2007/08

    THE PARENT AIRLINE COMPANY COST COMPOSITION – FY2007/08 Others 22.6% Airport Handling Fuel 6.9% 36.5% (-0.4% pt) (-1.1% pts) AMO 7.4% (+1.4% pts) Aircraft Staff Depreciation & Rentals 16.6% 10.0% (-0.2% pt) (+0.3% pt)

  8. Slide 8: Parent Airline Fuel Expenditure – FY2007/08

    THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – FY2007/08 ($ million) 4,600 4,400 -283 4,240 4,200 +678 4,000 +453 3,787 3,800 +58 3,600 3,400 Higher Higher Weaker volume weighted US Dollar uplifted average fuel price 0 2007 Volume Price Exchange 2008

  9. Slide 9: SIA Group FY2007-08 Results

    SIA GROUP FY2007-08 RESULTS

  10. Slide 10: Group Revenue – FY2007/08

    GROUP REVENUE – FY2007/08 ($ million) ($ million) 17,000 15,973 16,000 Group 15,000 14,494 Revenue 10.2% 14,000 13,341 13,000 12,013 4-Year CAGR 12,000 + 7.4% 11,000 0 2005 2006 2007 2008

  11. Slide 11: Group Expenditure – FY2007/08

    GROUP EXPENDITURE – FY2007/08 ($ million) ($ million) 15,000 14,000 13,848 Group 13,180 Expenditure 13,000 5.1% 12,128 12,000 11,000 10,696 4-Year CAGR + 6.7% 10,000 0 2005 2006 2007 2008

  12. Slide 12: Group Operating Profit – FY2007/08

    GROUP OPERATING PROFIT – FY2007/08 ($ million) ($ million) 2,500 2,125 2,000 1,500 1,317 1,314 Operating 1,213 Profit 1,000 61.6% 500 0 2005 2006 2007 2008

  13. Slide 13: Contribution to Group Operating Profit – FY2007/08

    CONTRIBUTION TO GROUP OPERATING PROFIT – FY2007/08 SIAEC Others 4.8% 3.4% SIA (-3.0% pts) (-1.5% pts) SIA Cargo $617.0 M 6.2% (+8.7% pts) SATS Group $21.1 M SATS SIA Cargo 8.2% $163.9 M (-3.5% pts) SIAEC SIA $0.9 M 77.4% (-0.7% pt)

  14. Slide 14: Group Net Profit – FY2007/08

    GROUP NET PROFIT – FY2007/08 ($ million) ($ million) 2,400 2,200 2,129 -222 2,049 2,000 -421 +810 1,800 1,600 -247 1,400 Sale of Tax Higher Lower 1,200 SIA Building writeback operating surplus on & SALE Profit disposal of aircraft & others 0 2007 Exceptional Tax Operating Others 2008 Items Writeback

  15. Slide 15: Dividends

    DIVIDENDS

  16. Slide 16: Dividends – FY2007/08

    DIVIDENDS – FY2007/08 2007-08 2006-07 Earnings Per Share (¢) 168.5 172.6 Interim Dividend Per Share Paid (¢) 20.0 15.0 Proposed Final Dividend Per Share (¢) 80.0 35.0 Total Ordinary Dividend Per Share (¢) 100.0 50.0

  17. Slide 17: Per Share Statistics – FY2007/08

    PER SHARE STATISTICS – FY2007/08 2007-08 2006-07 EBITDAR Per Share ($) 3.76 3.38 Ordinary Dividend Per 100.0 50.0 Share (¢) At 31 Mar 08 At 31 Mar 07 Net Asset Value Per 12.77 12.11 Share ($)

  18. Slide 18: Looking Ahead

    LOOKING AHEAD

  19. Slide 19: Looking Ahead – FY2008/09

    LOOKING AHEAD – FY2008/09 „ Fleet Development „ Capital Expenditure „ Fuel Hedging Position „ Outlook

  20. Slide 20: Passenger Fleet Development – FY2008/09

    PASSENGER FLEET DEVELOPMENT – FY2008/09 No. of Aircraft Operating Fleet at 1 April 2008 98 Aircraft Deliveries/(Disposals) „ Airbus A380-800 5 „ Boeing B777-300ER 5 „ Airbus A330-300 4 „ Boeing B747-400 (6) Operating Fleet at 31 March 2009 106

  21. Slide 21: Group Capital Expenditure for Next 5 Years

    GROUP CAPITAL EXPENDITURE FOR NEXT 5 YEARS ($ million) FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 Aircraft 1,900 2,200 3,400 4,900 3,600 Other Assets 300 300 200 200 200 Total 2,200 2,500 3,600 5,100 3,800

  22. Slide 22: Group Fuel Hedging Position – FY2008/09

    GROUP FUEL HEDGING POSITION – FY2008/09 „ Budgeted Uplift Volume (M BBL) 39 „ Hedging Target (%) 45 +/- 15 „ Percentage Hedged (%) at May 08 36 „ Avg Hedged Price (USD/BBL - Jet Fuel) 104 - 109

  23. Slide 23: Outlook – FY2008/09

    OUTLOOK – FY2008/09 „ Challenging Year for Airline Industry „ Stress in Global Financial Markets „ Fuel Cost Inflation „ Competition

Singapore Airlines — FY2007-08 Earnings Presentation on 6ix