Capital A Berhad · MYX:CAPITALA
Capital A Berhad — Q3 2023 Earnings Presentation
14 slides from Capital A Berhad's earnings presentation, November 2023
Slide 1: Investor Day 2023: 3Q 2023 Financial Results
INVESTOR DAY 2023 3Q 2023 Financial Results
Slide 2: What has happened in 2023
What has happened in 2023 Capital A only restarted business activities in February 2023 following the reopening of international borders - Completed negotiating with all creditors, including lessors, Airbus and GE - 180 planes fixed by October 2023 - 156 operational, 22 in maintenance or on the grou
Slide 3: Capital A Group Financial Highlights
Capital A Group Financial Highlights All segments reached unprecedented levels in 3Q despite seasonal lull Revenue & EBITDA RM million ● The Group delivered RM4.2 bil revenue, a 116% YoY growth. YTD, the Group attained 84% of FY2019 revenue despite operating only 72% of FY2019 fleet ● YTD, non-aviat
Slide 4: Segmental Reports
SEGMENTAL REPORTS 4
Slide 5: 3Q23 Aviation Highlights
3Q23 Aviation Highlights ● Aviation revenue of RM3.95 bil, up 38% over last quarter despite low seasonality. At 75% of 3Q2019 capacity, its 33% above 3Q2019 revenue Revenue & EBITDA - Bolstered by the aviation supermarket, where ancillary per RM million pax grew by 22% YoY to RM50, driven by baggage
Slide 6: 3Q23 Aviation Services Highlights
3Q23 Aviation Services Highlights AVIATION SERVICES ● Segmental revenue of RM273 mil, of which RM165 mil attributable to ADE, RM42 mil contributed by Santan and Darts Revenue & EBITDA at RM66 mil RM million ● EBITDA of RM80 mil, thanks to positive growth in both ADE and Santan operations in line wit
Slide 7: 3Q23 Logistics Highlights
3Q23 Logistics Highlights ● Teleport segmental revenue of RM189 mil, up 71% YoY. ● Total volume growth is attributed to capacity injection Revenue & EBITDA across Teleport's extended network with the induction of RM million Awan, its first of three A321F freighter, as well as added capacity via its
Slide 8: 3Q23 MOVE Digital Highlights
3Q23 MOVE Digital Highlights MOVE DIGITAL ● Segmental revenue of RM182 mil in 3Q23, up by 65% YoY of which airasia move posted segmental revenue of RM171 mil and BigPay’s revenue stood at RM11.1 mil. Revenue & EBITDA ● EBITDA loss of RM10 mil narrowed by 41% YoY RM million airasia move ● 9M23 revenu
Slide 9: Outlook
OUTLOOK 9
Slide 10: Aviation outlook
Aviation outlook ● Returning to pre-Covid state but stronger ● By end 4Q23, expect a total of 187 aircraft to be reactivated by 4Q23, with 161 aircraft available for operation and capacity to reach 74% of pre-Covid level ● Continuation of aviation supermarket; ancillary income per pax target of RM60
Slide 11: Positive macro trends
Positive macro trends Fuel Price - Brent (USD per barrel) ● Anticipate Brent Crude Oil Price to exhibit a Fuel Price downward trajectory extending until 2030, projecting a significant decline. The outlook for 2024 suggests a potential low point, with prices estimated to reach as low as USD78 per bar
Slide 12: Aviation Services Outlook
Aviation Services Outlook ADE ● KLIA Aeropolis hangar will have 6 lines ready by 1H24 and the remaining by 2H24 ● Trial sessions for Elevade Fleet and People have commenced for several prospective external clients ● All existing 7 hangar lines are fully booked until 3Q24 ● On track to expand line ma
Slide 13: Teleport Outlook
Teleport Outlook Teleport TELEPORT #1 for Air Cargo within SEA, #2 from APAC into SEA ● Maintain market leadership position for Air Cargo #1 for cargo carried across South East Asia on carried tonnage within Asean and from APAC to Asean, as reported by WorldACD #2 for cargo from APAC into SEA on car
Slide 14: MOVE Digital Outlook
MOVE Digital Outlook airasia BigPay MOVE ● New CEO, Nadia will focus on building airasia MOVE as the ● Shift volume towards focusing on domestic QR payments and top ASEAN OTA. leveraging closed-loop spaces with AirAsia for increased regional market penetration. ● Driving revenue growth for Flights (