Latam Airlines Group Sa · BCS:LTM
Latam Airlines Group Sa — Q4 2024 Earnings Presentation
14 slides from Latam Airlines Group Sa's earnings presentation, Jan 31, 2025
Slide 1: Results Presentation Fourth Quarter and Full Year 2024
Results Presentation Fourth Quarter and Full Year 2024 January 31, 2025
Slide 2: Disclaimer
Disclaimer Neither the United States Securities and Exchange Commission (“SEC”) nor the Chilean Comisión para el Mercado Financiero (the “CMF”) nor any securities commission of any other U.S. or non-U.S. jurisdiction has reviewed, approved or disapproved of this Presentation, or determined that this
Slide 3: LATAM group closes a record-setting year with unprecedented financial and operational performance
LATAM group closes a record-setting year with unprecedented financial and operational performance Historic customer Strong growth Record financial results satisfaction • 11.8% capacity growth (ASK) vs 4Q • 12.7% full year 2024 adjusted • 51 points full year 2024 Net 2023 and 15.1% vs full year 2023,
Slide 4: Strong capacity growth during the fourth quarter, accompanied by consistently healthy load factors
Strong capacity growth during the fourth quarter, accompanied by consistently healthy load factors ASK (billion) Load Factor (%) Passengers (million) RASK (US$ cent) 36.7 41.0 85.1% 85.5% 21.5 20.1 7.8 7.0 Consolidated +11.8% +0,5pp +7.1% -10.0% 4Q 2023 4Q 2024 4Q 2023 4Q 2024 4Q 2023 4Q 2024 4Q 202
Slide 5: LATAM reports an adjusted operating margin of 13.6% in the fourth quarter
LATAM reports an adjusted operating margin of 13.6% in the fourth quarter, driven by customer focus and operational growth Adj. operating income Adj. EBITDAR Net income US$463 + 31.4% US$866 + 28.2% US$272 + 227.8% million vs 4Q 2023 million vs 4Q 2023 million vs 4Q 2023 P&L (US$ million) 4Q-2023 4Q
Slide 6: LATAM group continued elevating the customer experience and reached record high performance results
LATAM group continued elevating the customer experience and reached record high performance results Fourth most punctual global airline group in the world: Customer satisfaction (NPS): • Even higher internal standards through on-time Departure 0 goals. Passenger operations (points) Lowest rate of cu
Slide 7: Significantly improving customer metrics, while keeping costs contained
Significantly improving customer metrics, while keeping costs contained Strategic NPS1 (points) & Adj. passenger CASK ex-fuel2 (US$ cents) LATAM Premium Travelers LATAM Adj. Passenger CASK ex-Fuel Main competitors 40 30 21 +22pp vs relevant peers 8 4 0 4.2 4.2 2018 2019 2020 2021 2022 2023 2024 (1)
Slide 8: Working every day to become more sustainable and a meaningful contributor to society
Working every day to become more sustainable and a meaningful contributor to society Most sustainable airline group Arranged the first Published the results from the in the Americas and fifth in the sustainability-linked loan for an joint study with the MIT and world airline in South America Airbus
Slide 9: In 2024, LATAM met its updated guidance and continued strengthening its financial position
In 2024, LATAM met its updated guidance and continued strengthening its financial position, setting the stage for continued growth in 2025 Annual Revenues Annual Adj. EBITDAR (US$ million) (US$ million) 14,000 - 14,500 14,250 13,034 11,789 +10.6% 3,250 - 3,600 3,425 9,517 +22.7% 3,108 2,533 1,314 20
Slide 10: Positive cash generation of US$243 million in 2024, notwithstanding dividend payments and refinancing costs
Positive cash generation of US$243 million in 2024, notwithstanding dividend payments and refinancing costs Adj. Cash Flow FY 2024 (US$ million) 2,839 (618) (922) 2,340 (429) (245) 1,958 1,715 625 (175) (207) 243 Initial Cash Adj. Operating Maintenance Growth Interest Adj. Financing Cash Before Divi
Slide 11: Achieving unprecedented financial milestones while sustaining a robust capital structure
Achieving unprecedented financial milestones while sustaining a robust capital structure Liquidity (US$ million and % LTM revenues) 27.1% 24.3% > 3,900 3,900 23.9% 3,533 2,815 2,317 1,958 Cash and cash 1,715 equivalents 1,217 1,575 RCF 1,100 1,100 2022 2023 2024 2025 guidance Adj. Net Leverage (time
Slide 12: LATAM group expects solid operational and financial growth
LATAM group expects solid operational and financial growth Operating Total ASK growth vs 2024 Total ATK growth vs 2024 Figures 7% - 9% 2% - 4% Financial Revenues Adj. Operating Margin Adj. EBITDAR Projections US$14.0 - US$14.5 billion 12.0% - 13.5% US$3.25 - US$3.60 billion Adj. passenger CASK ex-fu
Slide 13: Takeaways
Takeaways Record-breaking 82 million passengers transported in 2024, achieving 15.1% capacity growth Operational growth (ASK) compared to 2023. This performance aligns with the updated guidance, while maintaining healthy load factors. Consistent financial Annual net income of US$977 million, nearly
Slide 14: Results Presentation Fourth Quarter and Full Year 2024
Results Presentation Fourth Quarter and Full Year 2024 January 31, 2025