Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — H1 FY2012/13 Earnings Presentation
13 slides from Singapore Airlines's earnings presentation, Nov 2, 2012
Slide 1: SIA 75th Business Meeting: Half Year FY2012-13 Results
SIA 75th BUSINESS MEETING HALF YEAR FY2012-13 RESULTS 2 NOVEMBER 2012 THE PARENT AIRLINE 1H FY2012/13 RESULTS
Slide 2: The Parent Airline Company Results – 2Q & 1H FY12/13
THE PARENT AIRLINE COMPANY RESULTS – 2Q & 1H FY12/13 Better/ Better/ 2Q/12 (Worse) 1H/12 (Worse) $million $million $million $million Total Revenue 3,141 108 6,245 310 Total Expenditure 3,057 (113) 6,076 (194) - Fuel Cost 1,241 (72) 2,484 (100) - Fuel Hedging (Gain)/Loss (14) 24 11 (11) - Ex-fuel Cos
Slide 3: Operating Performance – 2Q & 1H FY12/13
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 2Q & 1H FY12/13 % % 2Q/12 Change 1H/12 Change Passenger Yield 11.4 -2.6 11.4 -3.4 (¢/pkm) Passenger Unit Cost 9.1 -1.1 9.1 -1.1 (¢/ask) Passenger Breakeven 79.8 +1.2 pts 79.8 +1.8 pts Load Factor (%) Slide 5 THE PARENT AIRLINE COMPANY OPERATING PERF
Slide 4: Operating Performance: Passenger and Breakeven Load Factor
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor Breakeven Load Factor (%) 88 86.0 84 79.8 80 79.4 77.9 78.0 79.6 76 75.6 77.5 75.4 72 72.2 68 0 1H 08/09 1H 09/10 1H 10/11 1H 11/12 1H 12/13 Slide 7 THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor Breakeven
Slide 5: Monthly Passenger Yield and Fuel Price Trend
THE PARENT AIRLINE COMPANY MONTHLY PASSENGER YIELD 2009-10 2011-12 2012-13 ¢/pkm 14 13 11.9 12 11.6 11.4 11.6 11 11.2 10 10.4 10.0 9.7 9 0 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Slide 9 THE PARENT AIRLINE COMPANY FUEL PRICE AND EXPENDITURE - TREND Fuel Price before hedging ($ million) Fuel
Slide 6: Cost Composition – 1H FY12/13
THE PARENT AIRLINE COMPANY COST COMPOSITION – 1H FY12/13 Others 19.7% Fuel 41.1% Passenger Costs +0.6% pt 5.4% +0.5% pt Handling Charges 7.1% +0.2% pt Staff Costs 13.2% +0.6% +0.6 pt Aircraft Depreciation & Rentals 13.5% Slide 11 -1.9% pts THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE – 1H FY12/13 2,
Slide 7: Fuel Expenditure – 1H FY12/13
THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – 1H FY12/13 ($ million) 2,600 2,495 +128 +11 (+111) 2,500 2,400 2,384 +61 2,300 -89 2,200 Lower Stronger Higher Hedging weighted US Dollar volume loss vs average uplifted 2,100 hedging fuel price gain 0 1H/11 Price Exchange Volume Hedging 1H/12 Slide 13 S
Slide 8: The Group 1H FY2012/13 Results: Group Revenue
THE GROUP 1H FY2012/13 RESULTS GROUP REVENUE – 1H FY2012/13 2011/12 2012/13 ($ million) Half Year 4,000 Revenue 3,777 3,794 $7,571M 3,750 3,699 +95 +199 3,578 +2.6% +5.6% Year-on-Year 3,500 $294M +4.0% 3,250 3,000 2,750 0 Q1 Q2 Slide 16
Slide 9: Group Expenditure and Group Operating Profit
GROUP EXPENDITURE – 1H FY2012/13 2011/12 2012/13 ($ million) Half Year 4,000 Expenditure $7,429M 3,750 3,706 3,723 +139 +147 3,567 3,576 +4.1% Year-on-Year +3.9% 3,500 $286M +4.0% 3,250 3,000 2,750 0 Q1 Q2 Slide 17 GROUP OPERATING PROFIT – 1H FY2012/13 2011/12 2012/13 ($ million) Half Year 150 Op Pr
Slide 10: Contribution to Group Operating Profit and Net Profit
CONTRIBUTION TO GROUP OPERATING PROFIT – 1H FY12/13 ($ million) 1H/12 1H/11 Change % Change Singapore Airlines 169 53 + 116 n.m. SIA Engineering 66 69 - 3 - 4.3 SilkAir 37 34 + 3 + 8.8 SIA Cargo (99) (31) - 68 n.m. Slide 19 GROUP NET PROFIT – 1H FY2012/13 2011/12 2012/13 ($ million) Half Year 200 19
Slide 11: Group Net Profit and Group Results
GROUP NET PROFIT – 1H FY2012/13 Loss on ($ million) disposal of 300 Higher aircraft vs operating gain last profit year 250 239 Return of Higher Lower net capital from share of interest and +8 VAL last profit from others -71 200 year associates 168 -29.7% -67 and JV 150 -48 +20 100 +16 50 0 1H/11 Ope
Slide 12: Business Outlook for the 2nd Half Year
BUSINESS OUTLOOK FOR THE 2nd HALF YEAR OUTLOOK High and volatile fuel price Weaker economic projection Slide 24
Slide 13: Thank You
Thank You
Singapore Airlines — H1 FY2012/13 Earnings Presentation on 6ix