Singapore Airlines Ltd. · SGX:C6L

Singapore Airlines — H1 FY2011/12 Earnings Presentation

12 slides from Singapore Airlines's earnings presentation, Nov 4, 2011

  1. Slide 1: Analyst/Media Briefing: Half Year and 2nd Quarter FY2011-12 Results

    Singapore Airlines Group Analyst/Media Briefing Half Year and 2nd Quarter FY2011-12 RESULTS 4 NOVEMBER 2011 THE PARENT AIRLINE 1H FY2011/12 RESULTS

  2. Slide 2: The Parent Airline Company Results – 2Q & 1H FY11/12

    THE PARENT AIRLINE COMPANY RESULTS – 2Q & 1H FY11/12 2Q/11 % 1H/11 % $million Change $million Change Total Revenue 3,033 +3.5 5,935 +4.0 Total Expenditure 2,944 +9.5 5,882 +10.4 - Fuel Cost 1,170 +35.1 2,384 +36.9 - Fuel Hedging Loss 9 -70.8 - n.m. - Ex-fuel Cost 1,765 -1.3 3,498 +0.2 Operating Prof

  3. Slide 3: Operating Performance – 2Q & 1H FY11/12

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – 2Q & 1H FY11/12 % % 2Q/11 Change 1H/11 Change Passenger Yield 11.7 -0.8 11.8 - (¢/pkm) Passenger Unit Cost 9.2 +4.5 9.2 +3.4 (¢/ask) Passenger Unit Cost 5.0 -9.1 5.0 -7.4 Excluding Fuel (¢/ask) Passenger Breakeven 78.6 +4.0 pts 78.0 +2.6 pts Load Fa

  4. Slide 4: Operating Performance and Cost Composition

    THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor vs Breakeven Load Factor Passenger Load Factor % 88 Breakeven Load Factor 84 82.4 79.3 80 78.0 79.0 75.5 78.6 76 75.2 75.6 72 0 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2009-10 2010-11 2011-12 Slide 7 THE PARENT AIRLINE COMPANY COST COMPOSITION –

  5. Slide 5: Top Expenditure and Fuel Expenditure – 1H FY11/12

    THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE – 1H FY11/12 2,384 (+29.7% , +$546M) Fuel Aircraft Depr. & 905 (-0.3% , -$2M) Lease Rentals 739 (-3.4% , -$26M) Staff Costs 1H FY11/12 406 (+3.3% , +$13M) Handling Charges 1H FY10/11 288 (+5.1% , +$14M) Passenger Costs ($ million) 0 500 1,000 1,500 2,000

  6. Slide 6: The Group 1H FY2011/12 Results

    THE GROUP 1H FY2011/12 RESULTS GROUP REVENUE – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year 4,000 Revenue 3,699 3,750 3,578 3,631 +68 $7,277M 3,466 +112 +1.9% 3,500 +3.2% Year-on-Year 3,250 $180M 3,000 +2.5% 2,750 2,500 2,250 0 Q1 Q2 Slide 12

  7. Slide 7: Group Expenditure and Group Operating Profit

    GROUP EXPENDITURE – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year 4,000 Expenditure 3,750 3,567 3,576 $7,143M 3,500 +352 3,286 +290 3,215 +8.9% Year-on-Year 3,250 +10.9% $642M 3,000 +9.9% 2,750 2,500 2,250 0 Q1 Q2 Slide 13 GROUP OPERATING PROFIT – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year

  8. Slide 8: Contribution to Group Operating Profit and Group Net Profit

    CONTRIBUTION TO GROUP OPERATING PROFIT – 1H FY11/12 ($ million) 1H/11 1H/10 Change % Change Singapore Airlines 53 380 - 327 - 85.9 SIA Engineering 69 71 - 2 - 2.8 SilkAir 34 36 - 2 - 5.6 SIA Cargo (31) 102 - 133 n.m. Slide 15 GROUP NET PROFIT – 1H FY11/12 ($ million) 2010/11 2011/12 Half Year 500 Ne

  9. Slide 9: Group Net Profit and Group Results

    GROUP NET PROFIT – 1H FY11/12 ($ million) Lower 700 operating 633 profit 600 500 Return of capital on -394 400 redemption Lower (-62.2%) Lower of pref share of Lower 300 surplus on shares profit from taxation disposal of (VAL) and associates and others 200 aircraft others and JV 239 -462 100 -31 +30

  10. Slide 10: Business Outlook for the 2nd Half Year

    BUSINESS OUTLOOK FOR THE 2nd HALF YEAR OUTLOOK FOR 2nd HALF YEAR  High and volatile jet fuel prices  Global economic uncertainty  PMI have fallen across most countries  Forward bookings show signs of weakness Slide 20

  11. Slide 11: Fleet Development and Group Capital Expenditure

    FLEET DEVELOPMENT No. of Aircraft Operating Fleet at 30 September 11 106 IN: Delivery of A380-800 + 3 OUT: -8  Return to Lessor (1x B747, 4x B777s) 5  Sale (1x B747, 2x B777s ) 3 Operating Fleet at 31 March 12 101 Slide 21 GROUP CAPITAL EXPENDITURE FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 Aircraft

  12. Slide 12: Slide 12

Singapore Airlines — H1 FY2011/12 Earnings Presentation on 6ix