Air Arabia Pjsc · DFM:AIRARABIA
Air Arabia Pjsc — Air Arabia — FY2019 Earnings Presentation
28 slides from Air Arabia Pjsc's earnings presentation, 2020
Slide 1: Results Presentation Q4/FY 2019
RESULTS PRESENTATION Q4/FY 2019
Slide 2: Q4/FY 2019 in Focus
Q4/FY 2019 IN FOCUS
Slide 3: Strategic Summary – FY 2019
STRATEGIC SUMMARY – FY 2019 Air Arabia ▪ FY performance delivered track record financial and operational results. ▪ Busy Q1 to Q4 contributed to record FY financial performance. ▪ Financial results were supported by customer demand, higher yield margins, currency improvement and strong cost control
Slide 4: Strategic Summary – FY 2019 (Economy)
STRATEGIC SUMMARY – FY 2019 Economy ▪ Overall MENA GDP growth was less than 1%. ▪ Geo-political tensions in the Middle East region escalated, adding more pressure on selective markets. ▪ A tougher trading environment in the Eurozone continued driven by overall slow economic growth. ▪ Impact on globa
Slide 5: Financial Review FY / Q4
FINANCIAL REVIEW FY / Q4
Slide 6: Key Performance – Q4 2019
KEY PERFORMANCE – Q4 2019 (AED Millions) 2019 2018 Change % Pax (m) 2.3 2.15 0.15 7% LF % 81% 79% 2% 2% Revenue (m) 1,147 1,024 123 12% Operating Profit 191 24 167 - Operating Profit Margin % 16.7% 2.3% 14.3% Net Profit 199 25 174 - * Pax (m) all hubs 2.94 2.73 0.21 8%
Slide 7: Key Performance – FY 2019
KEY PERFORMANCE – FY 2019 (AED Millions) 2019 2018 Change % Pax (m) 9.43 8.72 0.71 8% LF % 83% 81% 2% 2% Revenue (m) 4,758 4,122 636 15% Operating Profit 933 492 441 90% Operating Profit Margin % 19.6% 12% 7.6% Net Profit 1,008 -579 - - * Pax (m) all hubs 12 11 1 10% * 2018 FY net profit impacted by
Slide 8: Balance Sheet – 2019
BALANCE SHEET – 2019 (AED Millions) YE 2019 YE 2018 Change % Assets Non Current Assets 9,199 8,952 247 3% Current Assets 3,615 2,466 1,149 47% Total Assets 12,814 11,418 1,396 12% Liabilities & Equity Non Current Liabilities 4,371 4,645 -274 -6% Current Liabilities 2,885 2,187 698 32% Total Liabilit
Slide 9: Strong Cash Generation
STRONG CASH GENERATION 3,000,000 Amount in AED'000 2,250,000 Cash & Bank 1,500,000 750,000 '- 2016 2017 2018 2019 600,000 400,000 Amount in AED'000 200,000 Retained '- Earnings '(200,000) '(400,000) '(600,000) '(800,000) 2016 2017 2018 2019 *Retained Earnings moved from negative in FY 2018 (referenc
Slide 10: Impact of Fuel
IMPACT OF FUEL ▪ IMF contributes price volatility against 61 a backdrop of slowing global growth 59.75 trade, trade tensions and geopolitical ICE Brent, US$/BBL risks including. 58.5 ▪ Air Arabia fuel hedging status YTD 57.25 2019 is at 75% of fuel requirement. 56 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21
Slide 11: Business Updates FY 2019
BUSINESS UPDATES FY 2019
Slide 12: FY 2019 Business & Commercial Updates
FY 2019 BUSINESS & COMMERCIAL UPDATES ▪ 16 new routes were launched between January-December as follows: ≥ Casablanca to Lisbon, Pisa, Prague and Tunis. ≥ Tangier to Lyon. ≥ Sharm El Sheikh to Milan, Amman and Napoli. ≥ Sohag to Riyadh. ≥ Sharjah to Kuala Lumpur, Bishkek, Tunis and Vienna. ≥ Cairo t
Slide 13: FY 2019 Business & Commercial Updates
FY 2019 BUSINESS & COMMERCIAL UPDATES ▪ November 2019: Placed 120 aircraft order with Airbus all compromising of A320 family. ▪ October 2019: an agreement was signed with Etihad Aviation Group to launch “Air Arabia Abu Dhabi”, the capital’s first low- cost carrier. Expected launch in 2Q2020. ▪ Follo
Slide 14: Fleet Status YTD 2019
FLEET STATUS YTD 2019
Slide 15: Current Fleet
CURRENT FLEET Airbus A320 ceo Airbus A321 neo LR 55 Aircraft in service 3 Aircraft in service 42 Sharjah Hub 3 more expected in 2020 09 Morocco Hub 04 Egypt Hub 120 Airbus A320 family aircraft on order with delivery starting in 2023.
Slide 16: Fleet Utilization
FLEET UTILIZATION Block hours Average weekly utilization
Slide 17: Outlook 1Q 2020
OUTLOOK 1Q 2020
Slide 18: Outlook – 1Q 2020
OUTLOOK – 1Q 2020 ▪ A strong 1Q is expected driven by higher demand for low cost travel in the region. ▪ Work is undergoing in Q1 for the new “Air Arabia Abu Dhabi” operations that will cater to the growing low-cost travel market segment in the region. ▪ MENA region unsettling geopolitical escalatio
Slide 19: Appendix
APPENDIX
Slide 20: Over 170 routes in 50 countries
Over 170 routes in 50 countries
Slide 21: Fleet Size Historical Yearly
FLEET SIZE HISTORICAL YEARLY 60 55 50 53 50 46 40 41 39 33 34 30 29 25 20 21 16 10 11 8 2 3 5 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 22: Seat Load Factor Historical Yearly
SEAT LOAD FACTOR HISTORICAL YEARLY 100 80 86 85 83 82 82 82 81 83 80 80 80 80 79 79 60 40 20 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 23: Revenue Historical Yearly
REVENUE HISTORICAL YEARLY IN (AED MM) 5,000 4,758 4,000 4,122 3,729 3,825 3,778 3,739 3,000 3,183 2,832 2,434 2,000 2,080 2,066 1,972 1,000 1,283 749 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 24: Net Profit Historical Yearly
NET PROFIT HISTORICAL YEARLY IN (AED MM) 900 1,008 800 700 600 662 566 579 500 530 510 509 400 452 435 424 300 369 310 274 200 100 101 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 *307 *2018 reported net profit absorbed AED307 million accumulated loss following the impairm
Slide 25: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Air Arabia’s award winning corporate social responsibility program “Charity Cloud’ provides sustainable education and healthcare initiatives in underprivileged communities across the world. Charity Cloud built and operates over 15 schools and clinics in 12 countries a
Slide 26: Air Arabia Group Companies
AIR ARABIA GROUP COMPANIES AirArabia AirArabia > cozmo travel Engineering Simulator a ¥ Alpha Aviation | S Sharjah Aviation Services Academy su A lecelerate Your Growth. CENTRO Radisson 4 Sharjah HOTELS & RESORTS ees = AirArabia
Slide 27: Contact Us
CONTACT US investor-relations.airarabia.com +971 6 5088791 investorrelations@airarabia.com www.airarabia.com
Slide 28: Disclaimer
DISCLAIMER Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assume no responsibility or liability f