Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — H1 FY2021 Earnings Presentation
19 slides from Alliance Aviation Services's earnings presentation, Feb 10, 2021
Slide 1: Half Year Results Presentation FY2021
Alliance Aviation Services Limited Half Year Results Presentation FY2021 10 February 2021
Slide 2: Contents
Contents 03. KEY MESSAGES 04. FIVE REVENUE STREAMS 05. FINANCIAL SUMMARY 11. OUTLOOK 13. FUNDING THE E190’s 14. STABLE CONTRACT CLIENT BASE 15. COMMODITY EXPOSURE 16. FOOTPRINT 17. OPERATIONAL EXCELLENCE 18. DISCLAIMER Alliance Aviation Services Limited 1HFY2021 Results Presentation 2
Slide 3: Key Messages
Key CASH Messages Underlying profit Operating cash flow of Alliance Aviation Services Limited announces a before tax of Revenue from operations $47.5m, up 225.3% half year result which includes: $26.7m, up 72.3% of $154.8m, up 2.3%* • Another record profit; • Record operating cash flows; • Change in
Slide 4: Five Revenue Streams
Contract Wet Contract Revenue Lease Revenue RPT Charter Aviation Revenue Revenue Services 1 2 3 4 5 Contract and charter continue to experience Contract Revenue Wet Lease RPT Revenue Charter Revenue Aviation Services revenue growth in the Long-term contract Operating Alliance aircraft Regular public
Slide 5: Financial Summary
FINANCIAL SUMMARY For the half year ended 31 December 2020 5
Slide 6: Operational Metrics
Detail 31 December 2020 31 December 2019 Operational Aircraft in service* 43 40 Metrics Flight Hours – contracted 13,106 11,240 Alliance consistently delivers Flight Hours – wet lease 149 4,547 strong operational performance. Flight Hours – RPT 2,567 2,634 Flight Hours – charter 3,065 931 Flight Hou
Slide 7: Income Statement
1HFY2021 1HFY2020 % PCP ($ in millions) Actual Actual Change Revenue Income Contract revenue Wet lease revenue 105.8 0.6 94.8 17.5 11.6% (96.6%) Statement Charter revenue RPT revenue 29.3 16.5 10.6 21.8 176.4% (24.3%) Observations: Aviation services 2.0 6.0 (66.7%) • Contract revenue has increased i
Slide 8: Statement of Financial Position
31 December 2020 30 June 20 ($ in millions) % PCP Change Actual Actual Cash 45.1 98.8 (54.4%) Receivables 40.5 54.4 (25.5%) Inventory 62.9 57.4 9.6% Statement of Total current assets 148.5 210.6 (29.5%) Financial Position PP&E & Intangibles Right of use assets 303.1 19.8 217.3 8.0 39.5% 147.5% Obser
Slide 9: Cash Flow Statement
31 December 31 December ($ in millions) 2020 2019 Actual Actual Receipts from customers (inclusive of GST) 170.9 159.8 Cash Flow Payments to suppliers (inclusive of GST) Net interest (paid)/received (122.8) (0.6) (144.1) (1.1) Statement Net cash inflow from operating activities 47.5 14.6 Net payment
Slide 10: Capital Expenditure
1H FY2021 2H FY2021 FY2021 ($ in millions) Actual Forecast Forecast Existing fleet maintenance Cash outflows Capital Base maintenance providers Engine care program 2.0 10.2 7.8 5.5 9.8 15.7 Expenditure Other miscellaneous Operating costs capitalised 1.0 0.9 0.5 1.7 1.5 2.6 Observations: Total cash o
Slide 11: Outlook
Alliance retains a positive outlook for the 2021 financial and forecasts growth in FY2022 and beyond Outlook Alliance continues to increase its operational activity across a number of revenue types. The charter sector is forecast to continue to remain strong. The shift from RPT services to closed ch
Slide 12: Other Information
OTHER INFORMATION For the half year ended 31 December 2020 12
Slide 13: Funding the E190's
• As at balance date, Alliance had settlement obligations of USD90.2 million for the Funding the balance of the E190 fleet. Subsequent to balance date USD16.08 million has been settled. E190’s • Alliance is currently negotiating to fund the balance of the E190 transaction. Historical debt to EBITDA
Slide 14: Stable Contract Client Base
Stable Contract Client Base Previous Contract Contracted Client Terms Current Contract Contract 15 Contract 14 Contract 13 Contract 12 Contract 11 Contract 10 Contract 9 Contract 8 Contract 7 Contract 6 Contract 5 Contract 4 Contract 3 Contract 2 Contract 1 June 2015 June 2016 June 2017 June 2018 Ju
Slide 15: Commodity Exposure
Phosphate Copper/ Gold 2% Bauxite 3% 2% Commodity Oil / Gas Iron Ore Gold Exposure 6% Iron Ore 30% Copper/ Gold /Uranium Silver / Lead / Zinc Manganese Major commodity exposure 7% as a percentage of Nickel 1HFY21 revenue by the Silver / Lead / Zinc top 15 contracted clients. Nickel Oil / Gas 8% Copp
Slide 16: Footprint
Darwin - Crew - Line Maintenance - Operational base Cairns Footprint - Offices - Crew - Line Maintenance - Operational base - Offices Townsville - Hangar - Crew - Line Maintenance - Operational base - Offices Rockhampton - Crew - Line Maintenance - Operational base - Offices Brisbane - Hangar - Majo
Slide 17: Operational Excellence
Forecast Fokker Fleet Forecast E190 Fleet Safety FY 2021 FY 2021 Certifications Operational Excellence F100 – 100 Seat Jet Aircraft E190 – 94-114 Seat Jet Aircraft No. in operating fleet – 5 Wyvern Wingman certification No. in fleet – 24 No. settled & not in service - 20 (2 in storage) Remaining to
Slide 18: Disclaimer
Disclaimer Reliance on third party information This presentation was prepared by Alliance Aviation Services Limited (ACN 153 361 525) (“Alliance”). Certain market and industry data used in this presentation may have been obtained from research, surveys or studies conducted by third parties, includin
Slide 19: Disclaimer (cont.)
Disclaimer (cont.) Future performance and forward looking statements This Presentation contains certain “forward-looking statements”. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions are i
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