Slide 1: Earnings Presentation Q3 FY21
Earnings Presentation Q3 FY21 Oct – Dec 2020 Jan 28, 2021 1
Slide 2: Safe harbor
Safe harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward looking statements. This document forms part of the quarterly earnings release and should be view
Slide 3: Financial highlights for the quarter
Financial highlights for the quarter Quarter Ended Particulars (in INR million) Dec'20 Dec'19 Change% ASK (billion) 15.3 25.8 -40.8% Total income 51,428 103,302 -50.2% RASK (INR) 3.27 3.91 -16.4% Total expenses 57,659 97,736 -41.0% CASK (INR) 3.68 3.69 -0.4% CASK ex fuel (INR) 2.93 2.40 22.2% EBITDA
Slide 4: Revenue breakup for the quarter
Revenue breakup for the quarter Quarter Ended Particulars (in INR million) Dec'20 Dec'19 Change% Revenue from operations 49,100 99,317 -50.6% Other income 2,328 3,985 -41.6% Total income 51,428 103,302 -50.2% ASK (billion) 15.3 25.8 -40.8% RPK (billion) 11.0 22.6 -51.3% Load factor (%) 72.0% 87.6% -
Slide 5: Cost breakup for the quarter
Cost breakup for the quarter Quarter Ended Particulars (in INR million) Dec'20 Dec'19 Change% Aircraft fuel expenses 11,429 33,419 -65.8% Aircraft and engine rentals (net) 642 1,343 -52.2% Supplementary rentals and aircraft repair 11,523 16,331 -29.4% and maintenance (net) Airport fees and charges 5
Slide 6: Cash and Debt
Cash and Debt Quarter Ended Particulars (in INR million) Dec'20 Dec'19 Change% Free Cash 74,445 94,128 -20.9% Restricted Cash 109,207 106,559 2.5% Total Cash 183,653 200,687 -8.5% Debt excluding capitalized 31,682 23,506 34.8% operating lease liability Capitalized operating lease 245,579 192,046 27.
Slide 7: Appendix
Appendix
Slide 8: Fleet breakup
Fleet breakup 31st Dec, 2020 30th Sep, 2020 31st Dec, 2019 287 282 257 • 15 Owned/Finance • 22 Owned/Finance • 29 Owned/ Finance Lease Lease Lease • 272 Operating Lease • 260 Operating Lease • 228 Operating Lease • 120 A320neo • 116 A320neo • 96 A320neo • 111 A320ceo • 117 A320ceo • 126 A320ceo • 30
Slide 9: Non-IndAS measures- RASK
Non-IndAS measures- RASK Quarter Ended Particulars (in INR million) Dec’20 Dec’19 Total revenue 51,428 103,302 Finance income 1,522 2,483 Total revenue less finance income (A) 49,906 100,819 ASK (millions) (B) 15,271 25,802 RASK (INR) (C=A/B) 3.27 3.91 9
Slide 10: Non-IndAS measures- CASK
Non-IndAS measures- CASK Quarter Ended Particulars (in INR million) Dec’20 Dec’19 Total expenses 57,659 97,736 Finance income 1,522 2,483 Total expense less finance income (A) 56,137 95,254 ASK (millions) (B) 15,271 25,802 CASK (INR) (C=A/B) 3.68 3.69 Fuel cost/ ASK (INR) (D) 0.75 1.30 CASK ex fuel
Slide 11: Non-IndAS measures- EBITDAR
Non-IndAS measures- EBITDAR Quarter Ended Particulars (in INR million) Dec’20 Dec’19 PBT -6,231 5,565 Finance cost 5,415 4,805 Less: Finance income 1,522 2,483 Depreciation & amortization 11,567 10,377 Aircraft and engine rentals 642 1,343 EBITDAR (A) 9,871 19,607 Revenue from Operations (B) 49,100
Slide 12: Definitions and Abbreviations
Definitions and Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer Earnings before finance income and cost, tax, depreciation, am
Slide 13: Thank You
Thank You