Ana Holdings Inc. · TSE:9202

Ana — FY2012 Earnings Presentation

48 slides from Ana's earnings presentation, Apr 30, 2013

  1. Slide 1: ANA Holdings Inc. FY2013-15 Corporate Strategy and FY2012 Financial Results

    ANA Holdings Inc. ・FY2013-15 ANA Group Corporate Strategy ・Financial Results FY2012 ended March 31, 2013 Shinichiro Ito President and CEO Kiyoshi Tonomoto Senior Executive Vice President and CFO April 30, 2013 ©ANA2013 1

  2. Slide 2: Contents

    Contents Ⅰ. FY2013-15 Ⅲ. FY2013 Earnings Forecast 《Details》 ANA Group Corporate Strategy Consolidated Earnings Forecast P.31 Fiscal 2013-2015 Corporate Plan Scheme P.4-5 Earnings Forecast by Segment P.32 FY2013 Earnings Forecast (vs. Initial Plan) P.6 Air Transportation Business Fiscal 2013-15 Corpo

  3. Slide 3: FY2013-15 ANA Group Corporate Strategy

    Ⅰ. FY2013-15 ANA Group Corporate Strategy ©ANA2013 3

  4. Slide 4: Fiscal 2013-2015 Corporate Plan Scheme

    Fiscal Fiscal 2013-2015 2013-2015 Corporate Corporate Plan Plan Scheme Scheme Improve management speed and promote strategy that supports medium- to long-term and sustainable growth 2012 2013 2014 2015 Current PhaseⅠ Fiscal 2012-13 Corporate Plan PhaseⅡ Corporate Plan for next period Time Span 《 Fis

  5. Slide 5: Fiscal 2013-2015 Corporate Plan Scheme

    Fiscal Fiscal 2013-2015 2013-2015 Corporate Corporate Plan Plan Scheme Scheme Gradually draft detailed 3-year profit plan based on the 787 delivery plan and adaptation for Tokyo Metropolitan area airport expansion of slots 《 Fiscal 2013-2015 Corporate Plan 》 Operational clearance for the Boeing 787

  6. Slide 6: FY2013 Earnings Forecast (vs. Initial Plan)

    FY2013 FY2013 Earnings Earnings Forecast Forecast (vs. (vs. Initial Initial Plan) Plan) Work in elements such as 787 operational suspension, JPY depreciation, and risks related to demand for China routes while also projecting increase in demand due to upturn in business confidence Travel +15.0 Opera

  7. Slide 7: Fiscal 2013-15 Corporate Strategic Pivot

    Fiscal Fiscal 2013-15 2013-15 Corporate Corporate Strategic Strategic Pivot Pivot Promote sustained, consistent corporate plan while developing growth & expansion plan Fiscal 2012-13 Corporate Plan progress ＆ Strategy for medium- medium- to long- long-term and sustainable expansion and growth Group

  8. Slide 8: Strategic investments in Asia

    Strategic Strategic investments investments in in Asia Asia Implementation phase for strategic investments to capitalize on Asian growth Capital Capital increase increase Stable Stablecash cashflow flow through Possible Possible to to both both improve improve financial financial structure structure

  9. Slide 9: Direction of Business Portfolio

    Direction Direction of of Business Business Portfolio Portfolio Orientation of multi-brand, diversified strategy to contribute to income growth and increased corporate value Business Business portfolio portfolio Strategic network expansion 【Domestic that improves that improves Aggressively secure

  10. Slide 10: Progress with Cost Restructuring

    Progress Progress with with Cost Cost Restructuring Restructuring Ensuring progression of cost restructuring will increase the probability of achieving medium-term income goals 《Unit revenues/Unit costs Transition 》 ■ Dom ASK + Int’l ASK ◆ Air Transportation Op. Revenues 115.4 （Passengers) 111.6 ▲ A

  11. Slide 11: Overview of Value Creation Goals

    Overview Overview of of Value Value Creation Creation Goals Goals Place medium-term value creation goals within range of goals for FY2015 Medium -term VValue Medium-term alue Creation G Creation oals Goals 《Monitoring indices 》 Consolidated Op. Income： ¥150bil ~ ◆Earnings per Share ROA・ROE Consoli

  12. Slide 12: FY2012 Financial Results Details

    Ⅱ. FY2012 Financial Results 《Details》 ©ANA2013 12

  13. Slide 13: Highlight FY2012

    Highlight FY2012 Highlights of Financial Results FY12 1Q-4Q and FY11 1Q-4Q  Consolidated cumulative operating income for fiscal year posted 103.8 billion yen (6.8 billion yen year-on-year increase).  43.1 billion yen net income for the fiscal year (14.9 billion yen year-on-year increase); EBITDA o

  14. Slide 14: Consolidated Financial Summary: Income Statements

    Consolidated Financial Summary Income Statements FY11 FY12 Difference 4Q/FY12 Difference Operating Revenues 1,411.5 1,483.5 + 72.0 351.4 + 9.7 Operating Expenses 1,314.4 1,379.7 + 65.2 355.1 + 19.3 Operating Income 97.0 103.8 + 6.8 - 3.6 - 9.5 Op. Margin (%) 6.9 7.0 + 0.1 - - Non-Op. Gains/Losses -

  15. Slide 15: Consolidated Financial Position

    Consolidated Financial Summary Consolidated Financial Position Mar 31, 2012 Mar 31, 2013 Difference Assets 2,002.5 2,137.2 + 134.6 Shareholders' Equity 549.0 766.7 + 217.7 Ratio of Shareholders' Equity (%) 27.4 35.9 + 8.5 Interest Bearing Debts 963.6 897.1 - 66.5 Debt/Equity Ratio (times) * 1.8 1.2

  16. Slide 16: Consolidated Statements of Cash Flow

    Consolidated Financial Summary Consolidated Statements of Cash Flow FY11 FY12 Difference Cash Flow from Operating Activities 214.4 173.1 - 41.2 Cash Flow from Investing Activities - 166.3 - 333.7 - 167.4 Cash Flow from Financing Activities 16.1 84.5 + 68.3 Net Increase or Decrease 64.2 - 75.5 - 139.

  17. Slide 17: Results by Segment

    Consolidated Financial Summary Results by Segment FY11 FY12 Difference 4Q/FY12 Difference Air Transportation 1,262.5 1,323.5 + 60.9 312.7 + 7.7 Travel Services 158.9 161.0 + 2.0 37.3 - 2.1 Total for Reporting Segments 1,421.5 1,484.5 + 62.9 350.0 + 5.5 Revenues Other 138.4 148.8 + 10.3 37.2 + 2.3 Ad

  18. Slide 18: Intentionally Blank

    Intentionally Blank ©ANA2013 18

  19. Slide 19: Air Transportation Business: Operating Revenues and Expenses

    Air Transportation Business Operating Revenues and Expenses FY11 FY12 Difference 4Q/FY12 Difference Domestic Passengers 651.5 665.9 + 14.4 149.8 - 4.3 International Passengers 320.0 348.3 + 28.2 83.3 + 5.2 Operating Cargo and Mail 128.0 126.2 - 1.8 31.7 + 1.4 Revenues Others 162.8 182.9 + 20.0 47.7

  20. Slide 20: Air Transportation Business: Changes in Operating Income

    Air Transportation Business ・Revenue from contracted ･Commission, Advertisement Changes in Operating Income Maintenance and Handling ･In- In-flight service ・Mileage/Card Other Expense ･Ground Handling, etc. ・LCC Business, etc. (¥ Billion） - 1.7 +5.9 ･Landing/Navigation Fees ･Depreciation Sales- Sale

  21. Slide 21: Domestic Passenger Operations

    Air Transportation Business Domestic Passenger Operations FY11 FY12 % Y/Y 4Q/FY12 % Y/Y Available Seat Km (million) 56,756 58,508 + 3.1 13,947 - 0.6 Revenue Passenger Km (million) 34,589 36,333 + 5.0 8,487 + 0.8 Passengers (thousands) 39,020 41,089 + 5.3 9,520 + 0.6 Load Factor (%) 60.9 62.1 + 1.2*

  22. Slide 22: Trends in Domestic Passenger Operations

    Air Transportation Business Trends in Domestic Passenger Operations (Does not include AirAsia Japan) Quarterly Trends in Domestic Passengers FY2012 Cumulative Revenue Change Factors by Segment, Unit Price  Though impacted by the B787 operation suspension, revenues in the fiscal year increased due t

  23. Slide 23: International Passenger Operations

    Air Transportation Business International Passenger Operations FY11 FY12 % Y/Y 4Q/FY12 % Y/Y Available Seat Km (million) 34,406 37,947 + 10.3 9,729 + 9.8 Revenue Passenger Km (million) 25,351 28,545 + 12.6 7,150 + 5.8 Passengers (thousands) 5,883 6,276 + 6.7 1,507 - 3.1 Load Factor (%) 73.7 75.2 + 1

  24. Slide 24: Trends in International Passenger Operations

    Air Transportation Business Trends in International Passenger Operations (Does not include AirAsia Japan) FY2012 Cumulative Revenue Change Factors Quarterly ASK/ RPK/ Yield Trends Though impacted by Senkaku and Takeshima islands territorial dispute, While impacted by the decline in passengers on C

  25. Slide 25: Passenger Demand Trends on China Routes

    Air Transportation Business Trends in International Passenger Operations Trends in ASK/RPK Passenger Demand Trends on China Routes of International Routes by Destination  Total Passenger numbers are down from the previous  Excluding China routes, all destinations have secured RPK as high as year b

  26. Slide 26: Domestic Cargo Operations

    Air Transportation Business Domestic Cargo Operations FY11 FY12 % Y/Y 4Q/FY12 % Y/Y Available Ton Km (million) 1,805 1,905 + 5.5 438 - 2.9 Revenue Ton Km (million) 464 460 - 0.9 104 - 4.1 Revenue Ton (thousand tons) 467 463 - 0.8 104 - 4.6 Domestic Cargo Load Factor (%) 25.7 24.2 - 1.6* 23.7 - 0.3*

  27. Slide 27: International Cargo Operations

    Air Transportation Business International Cargo Operations FY11 FY12 % Y/Y 4Q/FY12 % Y/Y Available Ton Km (million) 3,637 3,958 + 8.8 995 + 9.2 Revenue Ton Km (million) 2,239 2,469 + 10.3 639 + 10.6 Revenue Ton (thousand tons) 570 621 + 8.9 157 + 11.2 International Load Factor (%) 61.6 62.4 + 0.8* 6

  28. Slide 28: Trends in International Cargo Operations

    Air Transportation Business Trends in International Cargo Operations FY2012 Cumulative Revenue Change Factors Cargo Volume and Unit Price Trends Nevertheless revenues in the fiscal year decreased due to unit price While export/import cargo from/to Japan is stagnant, we secured factors, revenues in

  29. Slide 29: FY2013 Earnings Forecast Details

    Ⅲ．FY2013 Earnings Forecast 《Details》 ©ANA2013 29

  30. Slide 30: Intentionally Blank

    Intentionally Blank ©ANA2013 30

  31. Slide 31: Consolidated Earnings Forecast

    FY2013 Earnings Forecast Consolidated Earnings Forecast FY12 FY13（E） Difference Operating Revenues 1,483.5 1,610.0 + 126.4 Operating Expenses 1,379.7 1,500.0 + 120.2 Operating Income 103.8 110.0 + 6.1 Op. Margin (%) 7.0 6.8 - 0.2 Recurring Income 76.9 80.0 + 3.0 Net Income 43.1 45.0 + 1.8 (¥ Billion

  32. Slide 32: Earnings Forecast by Segment

    FY2013 Earnings Forecast Earnings Forecast by Segment FY12 FY13（E） Difference Air Transportation 1,323.5 1,440.0 + 116.4 Travel Services 161.0 170.0 + 8.9 Total for Reporting Segments 1,484.5 1,610.0 + 125.4 Revenues Other 148.8 153.0 + 4.1 Adjustment - 149.7 - 153.0 - 3.2 Total 1,483.5 1,610.0 + 12

  33. Slide 33: Air Transportation Business: Operating Revenues and Expenses

    FY2013 Earnings Forecast Air Transportation Business (Operating Revenues and Expenses) FY12 FY13 (E) Difference Domestic Passengers 665.9 688.5 + 22.5 International Passengers 348.3 397.5 + 49.1 Operating Revenues Cargo and Mail 126.2 149.5 + 23.2 Others* 182.9 204.5 + 21.5 Total 1,323.5 1,440.0 + 1

  34. Slide 34: Air Transportation Business: Change in Operating Income

    FY2013 Earnings Forecast Air Transportation Business (¥ Billion） (Change in Operating Income) +21.5 Other +65.0 +23.0 Revenue Cargo & Non - Fuel +49.0 Mail Cost +46.5 International +22.5 Passenger Fuel & Fuel Tax Domestic Passenger Increase Revenues Expenses +116.5 in Profit +111.5 99.0 94.0 +5.0 FY

  35. Slide 35: Passenger Operations Earnings Forecast Assumptions

    FY2013 Earnings Forecast 《Passenger Operations》 Earnings Forecast Assumptions for FY13（vs. FY12） Domestic Passengers International Passengers 1H(E) 2H(E) FY13(E) 1H(E) 2H(E) FY13(E) Available Seat Km + 3.2 + 5.7 + 4.5 + 13.2 + 14.4 + 13.8 Revenue Passenger Km + 5.9 + 6.5 + 6.2 + 12.6 + 15.1 + 13.8 P

  36. Slide 36: Cargo Operations Earnings Forecast Assumptions

    FY2013 Earnings Forecast 《Cargo Operations》 Earnings Forecast Assumptions for FY13（vs. FY12） Domestic Cargo International Cargo １H(E) 2H(E) FY13(E) １H(E) 2H(E) FY13(E) Available Ton km + 2.7 + 6.7 + 4.7 + 14.2 + 15.0 + 14.6 Revenue Ton km + 2.8 - 2.6 + 0.1 + 14.7 + 11.9 + 13.2 Revenue Ton + 2.3 - 3.

  37. Slide 37: Consolidated Balance Sheet (Estimate)

    (Reference) FY2013 Earnings Forecast Consolidated Balance Sheet (Estimate) Mar 31, 2013 Mar 31,2014(E) Difference Assets 2,137.2 2,107.0 - 30.2 Shareholders' Equity 766.7 797.5 + 30.7 Ratio of Shareholders‘ Equity (%) 35.9 37.9 + 2.0 Interest Bearing Debts * 897.1 822.0 - 75.1 Debt/Equity Ratio (tim

  38. Slide 38: Consolidated Cash Flow (Estimate)

    (Reference) FY2013 Earnings Forecast Consolidated Cash Flow (Estimate) FY12 FY13(E) Difference Net Income 43.1 45.0 + 1.8 Depreciation and Amortization 123.9 139.5 + 15.5 Principal Payment for Aircraft Lease 14.5 13.0 - 1.5 Cash Flow from Operating Activities* 187.7 234.0 + 46.2 Capital Expenditures

  39. Slide 39: Supplemental Reference

    Ⅳ. Supplemental Reference ©ANA2013 39

  40. Slide 40: Fuel & Exchange Rate

    Supplemental Supplemental Reference Reference Fuel & Exchange Rate 【FY2013 【FY2013 Earning Earning Forecast】 Forecast】 Fuel Dubai Dubai Crude Oil：US$102 Kerosene：US$120 Crude Oil：US$102 Kerosene：US$120 100% 90% Fuel Hedge Ratio (As of March, 2013) FuelCost Cost 80% 70% (US$1 (US$1change change 60% p

  41. Slide 41: Foreign Currency Sensitivity

    Supplemental Reference Foreign Currency Sensitivity (Impact due to the yen depreciation in FY2013) 【Simulation 【Simulation Assumptions】 Assumptions】 The income sensitivityisisbased The income sensitivity basedononFY2013 FY2013Revenue Revenueand andExpense ExpenseForecast Forecastininthe thebeginni

  42. Slide 42: Impact of Foreign Exchange Rates in FY2012

    Supplemental 燃油・為替 Reference (operating income (loss) /including hedge effects; Impact of Foreign Exchange Rates in FY2012 units: billion yen) Revenue Expense (increase + notation (decrease +; notation First Half Results (Earning Forecast as of 27 Apr, 2012 vs. Weighed Avg. during Period) decrease -

  43. Slide 43: International Passenger Results by Destination

    Supplemental Reference International Passenger Results by Destination FY12 4Q/FY12 Difference Difference （Does not include AirAsia Japan） Composition Composition North America 28.6 + 1.6 29.4 + 2.5 Europe 21.1 + 1.7 18.5 - 0.1 Revenue China 16.8 - 2.9 16.0 - 3.0 Asia 28.7 - 0.3 31.3 + 0.7 Resort 4.8

  44. Slide 44: International Cargo Results by Destination

    Supplemental Reference International Cargo Results by Destination FY12 4Q/FY12 Difference Difference Composition Composition North America 19.9 - 0.9 20.1 - 0.7 Europe 15.3 - 0.8 15.4 - 0.7 Revenue China 36.9 + 1.2 35.2 + 1.2 Asia 21.0 + 0.3 22.5 + 0.1 Others 6.9 + 0.3 6.8 + 0.1 North America 32.7 +

  45. Slide 45: Aircraft in Service

    Supplemental Reference Aircraft in Service Mar, 2012 Mar, 2013 Change Owned Leased Boeing 747-400 (Domestic) 8 5 -3 5 0 Boeing 777-300ER 19 19 － 16 3 Wide-Body Boeing 777-300 7 7 － 7 0 Boeing 777-200ER 7 10 +3 6 4 Boeing 777-200 16 16 － 14 2 Boeing 787-8 6 17 + 11 17 0 Boeing 767-300ER 26 26 － 6 20

  46. Slide 46: Cautionary Statement

    Cautionary Statement Forward-Looking Statements. This material contains forward-looking statements based on ANA’s current plans, estimates, strategies, assumptions and beliefs. These statements represent the judgments and hypotheses of the Company’s management based on currently available informatio

  47. Slide 47: ANA Group Corporate Philosophy

    ANA Group Corporate Philosophy Mission Statement ANA Group Safety Principles  Safety is our promise to the public and Built on a foundation of security and trust, is the foundation of our business “the wings within ourselves”  Safety is assured by an integrated help to fulfill the hopes management

  48. Slide 48: Thank you.

    Thank you. This material is available on our website. http://www.anahd.co.jp/en （Our website has been renewed） Investor Relations IR Library Presentations Investor Relations, ANA Holdings Inc. Phone +81-(0)3-6735-1030 E-Mail: ir@anahd.co.jp ©ANA2013 (Our company name, department name, and mail addre

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