Air Arabia Pjsc · DFM:AIRARABIA
Air Arabia Pjsc — FY2010 Earnings Presentation
14 slides from Air Arabia Pjsc's earnings presentation, 2010
Slide 1: Investor Presentation FY 2010
Air Arabia PJSC Investor Presentation FY 2010 -1-
Slide 2: Disclaimer
Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assumes no responsibility or liability
Slide 3: Highlights
Highlights • Air Arabia is a National Carrier of UAE based in Sharjah, and founded by Sharjah Government in 2003. • Air Arabia is the first and largest low-cost carrier in MENA. • 44 A 320 Aircraft on order RPK - 9.16 Billion (2009 – 8.47 Billion) ASK - 11.04 Billion (2009 – 10.51 Billion). Passenge
Slide 4: Recent Awards
Recent Awards • Best Managed Company in the Middle East by Euro-Money • ‘Middle East’s leading low-cost airline’ by World Travel Awards • Sharjah Economic Excellence Gold Category Award. • World record of Airbus A320 Utilization over 6 years. (30,000 hours) • LCC of the year by Doha Aviation Summit
Slide 5: Air Arabia Group Network
Air Arabia Group Network Air Arabia Maroc Network -5-
Slide 6: Performance: High Utilization & High Reliability
Performance: High Utilization & High Reliability Consistently Achieved the Highest Level of Aircraft Utilization in the A320 Family Source: Airbus YTD we have achieved a flying time per aircraft of over 14 hours per day with more than 99% reliability -6-
Slide 7: Passengers and Aircraft
Passengers and Aircraft * Air Arabia Group Number of Destinations Fleet Size 80 30 65 25 59 60 25 21 44 37 20 16 40 32 23 15 11 20 15 8 5 10 5 3 0 5 2003 2004 2005 2006 2007 2008 2009 2010 0 2004 2005 2006 2007 2008 2009 2010 Total Passengers Geographic Distribution 6,000 Passengers ('000s) 5,000 4,
Slide 8: Historical Financial Performance (Group) FY 2010
Historical Financial Performance (Group) FY 2010 Revenues Gross Profit Gross Profit (USD in MM) 2,500 500 25.9% 19.1% 18.2% 30.0% Revenues (AED 000) 2,066 1,972 2,080 394 2,000 400 358 25.0% 318 312 % Margin 17.4% 1,283 300 15.8% 15.0% 20.0% 1,500 12.5% 15.0% 749 200 130 1,000 10.0% 411 100 65 24 5.
Slide 9: Comparison Q4 2009 to Q4 2010
Comparison Q4 2009 to Q4 2010 2010 2009 Variance Revenue AED 545m AED 503m +42m Direct costs AED 442m AED 408m +34m Selling and Marketing AED 8m AED 16m -8m G+A AED 20m AED 17m +3m Operating Profit AED 75m AED 62m +13m Finance deposits AED -2m AED 52m -54m Net Profit AED 73m AED 114m -41m
Slide 10: Revenue vs Cost per passenger FY 2010
Revenue vs Cost per passenger FY 2010 Cost/Passenger – FY 2009 Vs. FY 2010 Cost/Passenger – Excluding fuel 239 397 375 235 Cost/Passenger (AED) Cost/ Passenger (AED) 2009 2010 2009 2010 6% Increase 2% Increase Revenue/Passenger – FY 2009 Vs. FY 2010 523 493 Revenue/Passenger (AED) 6% Decrease 2009 2
Slide 11: Operating Statistics (Airline)
Operating Statistics (Airline) 2004 2005 2006 2007 2008 2009 2010 Number of Aircraft 3 5 8 11 16 21 25 Average Aircraft 3.0 4.9 6.0 9.5 14.5 17 23 Destinations 15 23 32 37 44 45 66 Number of Passengers in Millions 0.6 1.1 1.7 2.7 3.6 4.1 4.5 RPK (Billions) 1.2 2.5 3.7 5.0 7.1 8.5 9.2 ASK (Billions)
Slide 12: Joint venture revenues growing
Joint venture revenues growing 2008 2009 2010 SAS 60m 82m 89m Alpha Flight Catering 25m 27m 30m SATA 6m 11m N/A Cozmo 7m
Slide 13: Corporate Governance
Corporate Governance Air Arabia applies strict corporate governance regulations, in compliance with ESCA resolution number 518 of 2009. • Air Arabia has split the roles of Chairman and CEO. • Air Arabia’s board consists mainly of Independent Directors, with representation of non-executive, and execu
Slide 14: Investor Relations Contact
• Investor Relations Contact: – investorrelations@airarabia.com – +971-6-5088977 – www.airarabia.com