Transat A.t. Inc. · TSX:TRZ
Transat A.t — Shareholder Meeting (March 2009)
24 slides from Transat A.t's shareholder meeting presentation, Mar 11, 2009
Slide 1: Annual and Special Meeting of Shareholders
ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS March 11, 2009 JEAN-MARC EUSTACHE Chairman of the Board, President and Chief Executive Officer, Transat A.T. Inc.
Slide 2: Strategic Plan 2006 – 2008
Strategic Plan 2006 – 2008 • Three years of growth • Several strategic advancements • Strengthening of our market position The largest international tour operators Sales in billions of CAD 24.9 25 20 15.9 15 10 7.3 5.0 5 3.9 3.5 0
Slide 3: Revenues
Revenues in millions of dollars 4000 3,513 3,046 3000 2,604 2,365 2000 1000 0 2005 2006 2007 2008 Canada’s holiday travel leader • Number one in all regions of the country • Sun destinations offered from 23 Canadian airports in 2008 • More than 400 hotels & resorts in 30 countries
Slide 4: LYE aw
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Slide 5: More than one million sun packages sold in Canada
More than one million sun packages sold in Canada In thousands 1500 1,137 1000 816 500 0 2005 2008 More than one million sun packages sold in Canada • Intense co-operation: Transat Tours Canada, Transat Distribution Canada and Air Transat • Expansion in regional markets • New destinations, exclusive
Slide 6: Voyager vrai.
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Slide 7: The No. 1 distribution network in Canada
The No. 1 distribution network in Canada • 437 agencies as of October 31, 2008 • Ongoing Web development • Successful multi-channel distribution system • Significant contribution to Transat’s growth • Increase in controlled sales Growth in France In millions of euros 600 520 500 429 400 352 304 300
Slide 8: Look Voyages: back to profitability and growth
Look Voyages: back to profitability and growth • More than 100% growth in 3 years • Back to profitability • Acquisition of Amplitude Internationale • Major player on the French market Transat in France • In 2009: Creation of Transat France, increased co-operation between our three units • 600,000 cu
Slide 9: Solid presence in the United Kingdom
Solid presence in the United Kingdom • Acquisition of Canadian Affair in 2006, following 18 years of commercial presence in the UK • Leading TO on the Canada-UK market • Profitable growth Creation of a hotel venture • Creation of a hotel venture in 2008 • Five hotels and 1,600 rooms in Mexico and in
Slide 10: Outgoing markets development
Outgoing markets development • Fully capitalize on our three main markets • Develop markets to which we fly with Air Transat (bilateral approach) • In due time, enter emerging markets and the United States
Slide 11: Annual Change in Canada's real GDP
Annual Change in Canada’s real GDP In % 5 4 3.1 3.1 2.9 2.8 3 2.6 2 1.9 FORECAST 1 0.6 - 0.5 0 -1 '02 '03 '04 '05 '06 '07 '08 '09 Source : Conference Board of Canada Financial Results 2008 and 2007 in millions of dollars 3,513 3600 200 3,046 3000 150 138.1 127.3 2400 1800 100 1200 50 600 0 0 2007 20
Slide 12: Jonview Canada: a remarkable year
Jonview Canada: a remarkable year • Number of travellers up 6% • A record number of 263,000 packages sold • Revenues of $128 million in 2008 • Increased co-operation with other business units Air Transat: superior performance, increased passenger comfort • On-time performance and fleet reliability •
Slide 13: Ground handling services: Handlex
Ground handling services: Handlex • 26 clients in four airports • Improved financial performance • Work closely with Air Transat • Contribution to customer satisfaction Development of human potential and talent • New training tools and programs • Training in “coaching” to 500 managers • Accelerated
Slide 14: _Y Oe oe Informations et réservation
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Slide 15: Information Technology
Information Technology • Investments in systems upgrades • Priorities include new airline seat inventory system, multi-channel distribution and Customer Relationship Management Sustainable Tourism • Playing an active role in the management of tourism-related issues • Environment, communities, herita
Slide 16: Pe Be
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Slide 17: Economic Situation and Winter 2009
Economic Situation and Winter 2009 • Solid sales volumes in Canada • Pressure on selling prices and margins • Canada to Europe: in line with 2008 • Bookings slightly behind in Europe Long-term Outlook • International tourism will continue to grow • The recession will impact tourism demand, at least
Slide 18: New commercial agreement with Canjet
New commercial agreement with Canjet • Replacement of WestJet by Canjet in Canada • Renewable, 5-year contract (2009-2014) • New generation Boeing 737-800 • Increased competitiveness on sun destination starting next May
Slide 19: Key Strategies for the 2009-2011 period
Key Strategies for the 2009-2011 period • Capitalize on talent development • Increase our competitiveness in our main markets, reduce operating costs, differentiate our brand Key Strategies for the 2009-2011 period • Adapt our offering, especially in high-growth market segments • Pursue vertical int
Slide 20: Winter (November 1 to April 30)
FRANÇOIS LAURIN Vice-President, Finance and Administration and Chief Financial Officer Winter (November 1 to April 30) In millions of dollars 2008 2007 restated REVENUES (AMERICA) 1,560.2 1,375.1 Margin 86.8 92.5 REVENUES (EUROPE) 302.4 248.6 Margin (1.5) (1.4) TOTAL REVENUES WINTER 1,862.5 1,623.7
Slide 21: Winter and Summer results
Winter (November 1 to April 30) In millions of dollars 2008 2007 restated REVENUES (AMERICA) 1,560.2 1,375.1 Margin 5.6% 6.7% REVENUES (EUROPE) 302.4 248.6 Margin (0.5%) (0.6%) TOTAL REVENUES WINTER 1,862.5 1,623.6 Margin 4.6% 5.6% Summer (May 1 to October 31) In millions of dollars 2008 2007 restat
Slide 22: Summer and Consolidated Results 2008 and 2007
Summer (May 1 to October 31) In millions of dollars 2008 2007 restated REVENUES (AMERICA) 976.6 903.0 Margin (1.2%) 3.0% REVENUES (EUROPE) 673.7 519.2 Margin 7.9% 3.6% TOTAL REVENUES SUMMER 1,650.3 1,422.2 Margin 2.5% 3.3% Transat: Consolidated Results 2008 and 2007 In millions of dollars except amo
Slide 23: First Quarter Results and Consolidated Balance Sheet
First Quarter (November 1 to January 31) In millions of dollars except amounts per share 2009 2008 restated REVENUES 877.3 787.4 MARGIN (8.5) 19.3 NET LOSS (29.4) (7.9) DILUTED LOSS PER SHARE (0.90) (0.23) Consolidated Balance Sheet In millions of dollars Jan. 31, 2009 Oct. 31, 2008 restated CASH AN
Slide 24: Annual and Special Meeting of Shareholders
ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS March 11, 2009