Aegean Airlines Sa · ATHEX:AEGN
Aegean Airlines Sa — Q1 2021 Earnings Presentation
15 slides from Aegean Airlines Sa's earnings presentation, 2021
Slide 1: First Quarter 2021 Trading Update Presentation
First Quarter 2021 Trading Update Presentation* * The release of the trading update for the first quarter was deferred due to the Share Capital Increase procedure.
Slide 2: 2021 started with the same difficult and uncertain conditions
2021 started with the same difficult and uncertain conditions already prevailing as of the last quarter of 2020 Flights Available Seats Passengers 7.883 | ↓ 58% yoy 1.059 | ↓ 63% yoy 460 thous. passengers | from 2,1 mil. in Q1-20 | ↓ 78% yoy Aircraft ASKs 65 -> 53 jets 869 mil. | ↓ 69% yoy 12 turbop
Slide 3: Travel restrictions significantly impact Group's activity and results
Travel restrictions significantly impact Group’s activity and results Passengers (‘000) Available Seats (‘000) Flights 2.525 3.105 2.135 2.855 19.945 18.752 1.059 7.883 460 Q1-19 Q1-20 Q1-21 Q1-19 Q1-20 Q1-21 Q1-19 Q1-20 Q1-21 Revenues (€ mil.) Net Income/ Losses (€ mil.) Load Factor (%) 172,0 147,0
Slide 4: Cost management and absence of ineffective hedging limit losses
Cost management and absence of ineffective hedging limit losses despite very low activity and fleet utilization Q1-20 Q1-21 % Revenue 147,0 44,3 -70% EBITDA -34,1 -14,0 -59% EBIT -70,6 -47,6 -33% Pre-tax profit/ (loss) for the period -112,3 -56,9 -49% Net Profit/ (loss) for the period -85,4 -44,5 -4
Slide 5: Significantly low activity levels in Q1-21 given restrictions
Significantly low activity levels in Q1-21 given restrictions Q1-20 Q1-21 % Passengers (000) 2.135 460 -78% International Passengers ('000) 1.153 209 -82% Domestic Passengers ('000) 982 251 -74% Available Seats ('000) 2.855 1.059 -63% ASK's (in mil.) 2.761 869 -69% Flights 18.752 7.883 -58% Stage Le
Slide 6: CEO comments
Mr. Dimitris Gerogiannis, AEGEAN’s CEO, commented: “Group’s flight activity stood at particularly low levels in the first quarter of 2021, due to the second wave of the pandemic and the restrictive measures which have impacted our results. Similar was the course of the second quarter of the year unt
Slide 7: Appendix
Appendix +> AEGEAN A STAR ALLIANCE MEMBER ‘wz
Slide 8: Aegean at a glance
Aegean at a glance Consolidated results in EUR mil. Jan - Mar 2020 Jan - Mar 2021 % Change Revenue 147,0 44,3 -70% EBITDA -34,1 -14,0 -59% Pre-tax earnings/ (losses) for the period -112,3 -56,9 -49% Net earnings/ (losses) for the period -85,4 -44,5 -48% Total number of passengers (in thousands) 2.13
Slide 9: Group Operating figures
Group Operating figures Jan - Mar 2020 Jan - Mar 2021 % Change Capacity ASKs (in millions) 2.761 869 -69% Total available seats (‘000) 2.855 1.059 -63% Total Block Hours 29.816 10.322 -65% Total Sectors Flown 18.752 7.883 -58% Average capacity per flight 152 134 -12% Average sector length (km) 858 6
Slide 10: Profit and Loss Statement
Profit and Loss Statement Consolidated results in EUR mil. Jan - Mar 2020 Jan - Mar 2021 % Change Revenue Scheduled Services 123,5 34,0 -73% Charter 2,8 2,4 -17% Other (ancillary, cargo, other) 20,6 8,0 -61% Total revenue 147,0 44,3 -69,9% Other operating income 6,3 2,3 -64% Employee benefits (31,2)
Slide 11: Balance Sheet Aegean Group
Balance Sheet Aegean Group in EUR mil. December 2020 March 2021 Total Fixed Assets 838,8 842,0 Cash & Cash Equivalents 466,2 405,6* Financial Assets Available for Sale 12,3 12,3 Other Current Assets 123,8 122,8 Total Assets 1.441,0 1.382,7 Total Equity 77,6 57,3 Leases Liabilities 425,1 420,6 Loans
Slide 12: Cashflow Aegean Group
Cashflow Aegean Group in EUR mil. Jan - Mar 2020 Jan - Mar 2021 Net cash flows from operating activities 48,7 (25,0) Net cash flows from investing activities (43,0) (1,1) Net cash flows from financing activities (49,2) (29,4) Net (decrease)/ increase in cash and cash equivalents (43,5) (55,5) Cash a
Slide 13: Thank you
THANK YOU A STAR ALLIANCE MEMBER YY
Slide 14: Contact Information
Contact Information Aegean Airlines Athens International Airport Building 57, 19019, Spata Greece Map www.aegeanair.com https://en.about.aegeanair.com/investor-relations T: +30 2106261519 T: +30 2106261660 F: +30 210 6261900 Follow us: 14
Slide 15: Disclaimer
Disclaimer Forward Looking Statements Except for historical information, the statements made or information contained in this presentation are forward-looking in nature. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objecti