Capital A Berhad · MYX:CAPITALA
Capital A Berhad — Q1 2024 Earnings Presentation
21 slides from Capital A Berhad's earnings presentation, May 2024
Slide 1: 1Q 2024 Financial Results
1Q 2024 Financial Results
Slide 2: Forward-Looking Statements and Non-MFRS Financial Information
FORWARD-LOOKING STATEMENTS AND NON-MFRS FINANCIAL INFORMATION This presentation includes forward-looking statements regarding future performance and events. These statements are based on various assumptions and expectations and may include projections of our future financial performance and anticipa
Slide 3: Capital A Group Financial Highlights
Capital A Group Financial Highlights Another record-breaking quarterly performance despite operating below maximum capacity ● The Group delivered RM5.2 billion in quarterly Revenue & EBITDA RM million revenue, showcasing a 107% YoY growth ● The Group’s EBITDA doubled from previous year, surpassing R
Slide 4: Split between the Aviation Group and Capital A Companies
Split between the Aviation Group and Capital A Companies Capital A's diverse portfolio saw growth with growing contributions Revenue EBITDA Net Operating Income RM million RM million RM million ● Aviation group ● Aviation Group contributed ● Aviation Group contributed contributed to 88% of the to 92
Slide 5: Corporate Exercises
Corporate Exercises ● Submitted an application to Bursa for dispensation to allow Capital A to undertake the proposed aviation Disposal of business disposal before the regularisation of its financial condition on 7 January 2024 aviation ● Signed a non-binding offer letter with AAX for the proposed a
Slide 6: Segmental Report: Aviation Group
SEGMENTAL REPORT: AVIATION GROUP 6
Slide 7: Aviation Highlights
Aviation Highlights ● Despite operating only 167 aircraft, quarterly revenue reached RM5 billion, grew by 121% YoY surpassing capacity growth of 74% Segmental Revenue & EBITDA - Record quarterly Load factor of 90.4%, improved by 3 ppts YoY, as RM million demand continued to outperform capacity recov
Slide 8: Ancillary Highlights
Ancillary Highlights Quarterly ancillary per pax ● Ancillary per pax reached RM57, up 19% YoY, highest RM quarter to date ● Posted ancillary revenue of RM879 mil ○ Equivalent to 18% of total airline 1Q24 revenue ● Recorded YoY increase in take up rate for baggage and insurance segment ● Driven by ba
Slide 9: Business Outlook: Aviation
Business Outlook: Aviation ● Aggressive top line growth and profitability, including but not limited to revenue maximisation initiatives attributable to: ○ Expect to reach 90% pre-Covid capacity that is available for sale by year end 2024 with aircraft reactivation and new fleet acquisition plan in
Slide 10: Business Outlook: Total Active Fleet
Business Outlook: Total Active Fleet 187 203 215 221 Total active fleet Operational spare 2 3 New 3rd party lease In Maintenance 1 3 New deliveries Operational aircraft ● By end 2024, expect to have 204 aircraft in operation ○ 203 aircraft will be reactivated in 2Q24 and the remaining to be reactiva
Slide 11: Segmental Reports: Capital A Companies
SEGMENTAL REPORTS: CAPITAL A COMPANIES 11
Slide 12: Capital A Aviation Services (CAPAS) Highlights
Capital A Aviation Services (“CAPAS”) Highlights CAPITAL A AVIATION SERVICES (“CAPAS”) ● Recorded RM251 million in revenue, up 33% YoY of which 67% was Segmental Revenue & EBITDA contributed by ADE, followed by Santan at 15% of total revenue and RM million remaining by DARTS and Capital A Consultanc
Slide 13: 2Q24 Business Outlook: Capital A Aviation Services
2Q24 Business Outlook: Capital A Aviation Services ADE Santan ● New base maintenance facility in KLIA Aeropolis ● Reduce pre-booking cut-off time for inflight is progressing on schedule, with the first 6 meals from 24 hours to 1 hour providing production lines on track to be fully operational in pas
Slide 14: 1Q2024 Teleport Highlights
1Q2024 Teleport Highlights ● Segmental revenue of RM224 million, up by 48% YoY, with EBITDA of RM5.3 million. Segmental Revenue & EBITDA ● EBITDA was supported by growth in the cargo and RM million e-commerce segments, against a backdrop of normalising yields across the industry. ● The addition of 3
Slide 15: 2Q24 Business Outlook: Teleport
2Q24 Business Outlook: Teleport Teleport ● Teleport expects 2Q24 continue to deliver year-on-year revenue growth whilst maintaining profitability, despite industry headwinds. ● We expect to deliver this performance through: ○ Improvement in freighter reliability to 95% by working with Airbus and EFW
Slide 16: 1Q2024 MOVE Digital Highlights
1Q2024 MOVE Digital Highlights ● Segmental revenue of RM141 million, with EBITDA loss of RM 7.7 mil Segmental Revenue & EBITDA AirAsia MOVE RM million ● Revenue of RM130.2 million, with EBITDA of RM10.4 million. Decrease in revenue of AA flights due to: ○ Heightened price competition within the OTA
Slide 17: 2Q24 Business Outlook: MOVE Digital
2Q24 Business Outlook: MOVE Digital AirAsia MOVE BigPay ● Leveraging on AA flightbookers to improve take up rate ● Focusing on high-quality segments and profitable for hotels through value-add flight bundle features ● Hotel inventories expansion through partnership with ● Cost optimisation on high i
Slide 18: Capital A International (CAPI) 1Q24 Highlights and 2Q24 Outlook
Capital A International (“CAPI”) 1Q24 Highlights and 2Q24 Outlook Capital A Segmental Revenue & EBITDA International RM million ● Secure ownership of a portfolio of brands within the Capital A group through IP assignments 1Q23 ● Finalise brand licensing agreements with non-airline businesses ● Brand
Slide 19: Appendix
APPENDIX
Slide 20: 1Q24 Aviation Performance
1Q24 Aviation Performance MAA IAA PAA TAA Key Indicators 1Q24 1Q23 YoY 1Q24 1Q23 YoY 1Q24 1Q23 YoY 1Q24 1Q23 YoY Passengers 6,577,161 5,702,403 15% 1,628,928 1,223,287 33% 1,748,916 1,650,672 6% 5,459,346 4,580,331 19% Carried Capacity 7,373,966 6,483,708 14% 1,957,320 1,507,500 30% 1,877,586 1,802,
Slide 21: 1Q24 Digital, Logistics and Aviation Services Operating Performance
1Q24 Digital, Logistics and Aviation Services Operating Performance Key Indicators 1Q24 1Q23 YoY Carded Users (cumulative) 1,524,515 1,366,169 12% Monthly Active Users (MAU)('000) 15,343 12,855 19% No. of Transactions ('000) 4,634 5,979 -22% Gross Booking Value (RM) ('000) 2,698,942 3,111,944 -13% T