Ana Holdings Inc. · TSE:9202

Ana — Q1 FY2013 Earnings Presentation

40 slides from Ana's earnings presentation, Jul 30, 2013

  1. Slide 1: Financial Results FY2013 First Quarter

    ANA Holdings Inc. Financial Results FY2013 First Quarter Shinichiro Ito President and CEO Kiyoshi Tonomoto Senior Executive Vice President and CFO July 30, 2013 ©ANA2013 1

  2. Slide 2: Contents

    Contents Ⅰ. FY2013 Financial Results First Quarter Ⅲ. Amendments to Disclosure Segments and update of Corporate Strategy Earnings Forecast by Segment P.28 New Disclosure Segments P.4 Air Transportation Business Financial Results FY2013 P.5 Operating Revenues and Expenses P.29 First Quarter - Highlig

  3. Slide 3: FY2013 Financial Results First Quarter and update of Corporate Strategy

    Ⅰ. FY2013 Financial Results First Quarter and update of Corporate Strategy ©ANA2013 3

  4. Slide 4: New Disclosure Segments

    New Disclosure Segments As a holdings company, we will pursue optimal allocation of management resources and build a business portfolio 《New Disclosure Segments from FY2013》 ANA Holdings（Aircraft and significant assets） （Provisional ） Airlines （former air transportation business) Full Service Carr

  5. Slide 5: Financial Results FY2013 First Quarter - Highlights

    Financial Results FY2013 First Quarter - Highlights Although we recorded an operating loss for 1Q, the environment improved from 2Q onward, moving on to a high demand season 《FY2013 First Quarter Results》 《Key Points of Q1 Financial Results and Future Forecast 》 Diff. vs. (¥billion) 1Q/FY13 1Q/FY12

  6. Slide 6: LCC Business Strategy

    LCC Business Strategy Under the initiative of ANA, rebuild a LCC business model that fits the Japanese market Apr - Jun, 2013 Jul - Oct, 2013 Nov 2013- （Resumption of operation from Dec） AirAsia Japan New LCC Brand 25/Jun; Execute agreement to dissolve the JV with AirAsia 【Scheduled 【Scheduled Route

  7. Slide 7: Strategic Investment

    Strategic Investment Expand business domain based on air traffic demand in Asia, which continues to make remarkable growth Airline related services Expansion of airline business in Asia that support the airline business Significant expansion Emergence into highly demanded growth markets of aircraft

  8. Slide 8: Intentionally Blank

    Intentionally Blank ©ANA2013 8

  9. Slide 9: FY2013 Financial Results First Quarter Details

    Ⅱ. FY2013 Financial Results First Quarter 《Details》 ©ANA2013 9

  10. Slide 10: Highlights FY2013 First Quarter

    Highlights FY2013 First Quarter Highlights of Financial Results FY13 1Q and FY12 1Q-4Q  Consolidated operating income for first year posted a loss of 5.6 billion yen (16.6 billion yen year-on-year decrease).  6.6 billion yen net loss for the quarter (7.3 billion yen year-on-year decrease); EBITDA

  11. Slide 11: Consolidated Financial Summary: Income Statements

    Consolidated Financial Summary Income Statements 1Q/FY12 1Q/FY13 Difference Operating Revenues 343.1 358.3 + 15.1 Operating Expenses 332.1 363.9 + 31.8 Operating Income 11.0 - 5.6 - 16.6 Op. Margin (%) 3.2 － － Non-Op. Gains/Losses - 6.3 - 5.6 + 0.7 Recurring Income 4.6 - 11.2 - 15.9 Extraordinary Ga

  12. Slide 12: Consolidated Financial Position

    Consolidated Financial Summary Consolidated Financial Position Mar 31, 2013 Jun 30, 2013 Difference Assets 2,137.2 2,141.0 + 3.8 Shareholders' Equity 766.7 745.3 - 21.4 Ratio of Shareholders' Equity (%) 35.9 34.8 - 1.1 Interest Bearing Debts 897.1 862.2 - 34.8 Debt/Equity Ratio (times) * 1.2 1.2 - 0

  13. Slide 13: Consolidated Statements of Cash Flow

    Consolidated Financial Summary Consolidated Statements of Cash Flow 1Q/FY12 1Q/FY13 Difference Cash Flow from Operating Activities 50.6 75.3 + 24.6 Cash Flow from Investing Activities - 35.8 69.5 + 105.4 Cash Flow from Financing Activities - 12.6 - 49.4 - 36.8 Net Increase or Decrease 2.1 95.5 + 93.

  14. Slide 14: Results by Segment

    Consolidated Financial Summary Results by Segment 1Q/FY12 1Q/FY13 Difference Air Transportation 299.3 312.3 + 13.0 Airline Related 42.1 45.7 + 3.5 Travel Services 34.7 36.3 + 1.6 Trade and Retail 24.6 26.4 + 1.8 Revenues Total for Reporting Segments 400.8 420.9 + 20.0 Others 6.9 7.0 + 0.1 Adjustment

  15. Slide 15: Air Transportation Business: Operating Revenues and Expenses

    Air Transportation Business Operating Revenues and Expenses (¥ Billion) 1Q/FY12 1Q/FY13 Difference Domestic Passengers 149.2 147.3 - 1.8 International Passengers 83.2 89.5 + 6.2 Operating Cargo and Mail 30.9 33.7 + 2.8 Revenues Others 35.9 41.7 + 5.7 Total 299.3 312.3 + 13.0 Fuel and Fuel Tax 71.0 8

  16. Slide 16: Changes in Operating Income

    Air Transportation Business Changes in Operating Income ・Revenue from contracted ･Depreciation except Aircraft Maintenance and Handling (¥ Billion） ･Maintenance, etc. ・Mileage/Card ・LCC Business, etc. Other ･Commission, Advertisement Revenue ･In- In-flight service ･Ground Handling, etc. Cargo +5.7 +

  17. Slide 17: Domestic Passenger Operations

    Air Transportation Business Domestic Passenger Operations 1Q/FY12 1Q/FY13 % Y/Y Available Seat Km (million) 14,256 14,909 + 4.6 Revenue Passenger Km (million) 8,296 8,495 + 2.4 Passengers (thousands) 9,502 9,690 + 2.0 Load Factor (%) 58.2 57.0 - 1.2 Passenger Revenues (¥ Billion) 149.2 147.3 - 1.3 U

  18. Slide 18: Trends in Domestic Passenger Operations

    Air Transportation Business Trends in Domestic Passenger Operations (Does not include AirAsia Japan) Quarterly Trends in Domestic Passengers FY2013 1Q Revenue Change Factors by Segment, Unit Price Although revenue increased due to passenger factors resulting from The number of total passengers inc

  19. Slide 19: International Passenger Operations

    Air Transportation Business International Passenger Operations 1Q/FY12 1Q/FY13 % Y/Y Available Seat Km (million) 9,059 9,805 + 8.2 Revenue Passenger Km (million) 6,818 6,963 + 2.1 Passengers (thousands) 1,592 1,436 - 9.8 Load Factor (%) 75.3 71.0 - 4.2 Passenger Revenues (¥ Billion) 83.2 89.5 + 7.5

  20. Slide 20: Trends in International Passenger Operations

    Air Transportation Business Trends in International Passenger Operations (Does not include AirAsia Japan) FY2013 1Q Revenue Change Factors Quarterly ASK/RPK/ Yield Trends Although the number of passengers on China and some Asia routes Although impacted by stagnant demand recovery on China routes d

  21. Slide 21: Passenger Demand Trends on China Routes

    Air Transportation Business Trends in International Passenger Operations (Does not include AirAsia Japan) Trends in ASK/RPK Passenger Demand Trends on China Routes of International Routes by Destination Passengers in total once again experienced a  While North America routes continue to maintain y

  22. Slide 22: Domestic Cargo Operations

    Air Transportation Business Domestic Cargo Operations 1Q/FY12 1Q/FY13 % Y/Y Available Ton Km (million) 465 472 + 1.5 Revenue Ton Km (million) 107 101 - 5.1 Revenue Ton (thousand tons) 106 101 - 4.8 Domestic Cargo Load Factor (%) 23.0 21.5 - 1.5 Cargo Revenues (¥ Billion) 7.6 7.1 - 6.3 Unit Revenue (

  23. Slide 23: International Cargo Operations

    Air Transportation Business International Cargo Operations 1Q/FY12 1Q/FY13 % Y/Y Available Ton Km (million) 945 1,025 + 8.4 Revenue Ton Km (million) 585 666 + 13.8 Revenue Ton (thousand tons) 146 162 + 11.2 International Cargo Load Factor (%) 62.0 65.0 + 3.1 Cargo Revenues (¥ Billion) 21.5 24.5 + 14

  24. Slide 24: Trends in International Cargo Operations

    Air Transportation Business Trends in International Cargo Operations FY2013 1Q Revenue Change Factors FY2013 1Q Traffic Results by Destination The nut price for foreign currency revenue improved due RTK was expanded in all regions and, in particular, to yen depreciation and the ATK increase led to

  25. Slide 25: Other Segments excluding Air Transportation Business

    Other Segments excluding Air Transportation Business Results by Segment Airline Related Travel Services 1Q/FY12 1Q/FY13 Difference 1Q/FY12 1Q/FY13 Difference Revenues 42.1 45.7 + 3.5 34.7 36.3 + 1.6 Op. Income 0.2 1.2 + 0.9 0.8 0.6 - 0.2 Depreciation and Amortization 0.7 0.7 + 0.0 0.0 0.0 - 0.0 EBIT

  26. Slide 26: Intentionally Blank

    Intentionally Blank ©ANA2013 26

  27. Slide 27: Amendments to Disclosure Segments

    Ⅲ．Amendments to Disclosure Segments ©ANA2013 27

  28. Slide 28: Earnings Forecast by Segment

    Amendments to Disclosure Segments Earnings Forecast by Segment （Revision based on amendments to disclosure segments. FY12 FY13 (E) Difference No revision of earnings forecast） Air Transportation 1,292.7 1,400.0 + 107.2 Airline Related 178.1 200.0 + 21.8 Travel Services 161.0 170.0 + 8.9 Trade and Re

  29. Slide 29: Operating Revenues and Expenses

    Amendments to Disclosure Segments Air Transportation Business (Operating Revenues and Expenses) （Revision based on amendments to disclosure segments. FY12 FY13 (E) Difference No revision of earnings forecast） Domestic Passengers 665.9 688.5 + 22.5 International Passengers 348.3 397.5 + 49.1 Operatin

  30. Slide 30: Change in Operating Income

    Amendments to Disclosure Segments Air Transportation Business (Change in Operating Income) (¥ Billion) （Revision based on amendments to disclosure segments. No revision of earnings forecast） +12.5 Other +44.5 +23.0 Revenue Cargo Non-Fuel & Mail Cost +49.0 +46.5 International Fuel & +22.5 Passenger F

  31. Slide 31: Supplemental Reference

    Ⅳ. Supplemental Reference ©ANA2013 31

  32. Slide 32: Intentionally Blank

    Intentionally Blank ©ANA2013 32

  33. Slide 33: 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 June, 2013) FuelCost Cost 80% 70% (US$1 (US$1change change 60% pe

  34. Slide 34: Impact of Foreign Exchange Rates

    Supplemental 燃油・為替 Reference Impact of Foreign Exchange Rates (operating income (loss) /including hedge effects; units: billion yen) Revenue Expense FY13 First Quarter Results (Earning Forecast as of 30 Apr, 2013 vs. Weighed Avg. during period) All Currencies 1.0 Bn Yen USD ¥95→¥98.8 Other Currencie

  35. Slide 35: International Passenger Results by Destination

    Supplemental Reference International Passenger Results by Destination 1Q/FY13 Difference （Does not Include AirAsia Japan） Composition North America 31.0 + 3.5 Europe 21.2 - 0.2 Revenue China 15.6 - 3.5 Asia 28.1 + 0.1 Resort 4.1 + 0.1 North America 32.4 + 4.4 Europe 20.3 - 1.7 ASK China 13.2 - 1.4 A

  36. Slide 36: International Cargo Results by Destination

    Supplemental Reference International Cargo Results by Destination 1Q/FY13 Difference Composition North America 21.0 + 0.6 Europe 14.8 - 0.8 Revenue China 36.9 +0.8 Asia 19.9 - 1.5 Others 7.4 + 0.8 North America 35.7 + 5.2 Europe 23.2 - 1.1 ATK China 17.8 - 3.3 Asia 19.2 - 0.9 Others 4.1 + 0.1 North

  37. Slide 37: Aircraft in Service

    Supplemental Reference Aircraft in Service Mar, 2013 Jun, 2013 Change Owned Leased Boeing 747-400 (Domestic) 5 4 -1 4 0 Boeing 777-300ER 19 19 － 16 3 Wide-Body Boeing 777-300 7 7 － 7 0 Boeing 777-200ER 10 12 +2 8 4 Boeing 777-200 16 16 － 14 2 Boeing 787-8 17 20 +3 20 0 Boeing 767-300ER 26 26 － 6 20

  38. Slide 38: 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

  39. Slide 39: 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

  40. Slide 40: 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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