Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — H1 FY2025 Earnings Presentation
23 slides from Alliance Aviation Services's earnings presentation, Feb 12, 2025
Slide 1: Results Presentation
RESULTS PRESENTATION - For The Half Year Ended - 31 December 2024 Alliance Aviation Services Limited
Slide 2: 1H25 Highlights
1H25 HIGHLIGHTS Strong Revenue and Profit before tax result along with record EBITDA and flight hours $338.9m $101.2m $41.3m Total Revenue & Income EBITDA Profit Before Tax $27.2m 58,362 76 Operating Cashflow Flight Hours Aircraft in (before aircraft acquisitions Service classified as inventory) Inv
Slide 3: Revenue Streams
REVENUE STREAMS 98% of flights operated by Alliance in 1H25 were operated under long term contracts. CONTRACT WET LEASE AD HOC AVIATION CHARTER (FIFO) CHARTER SERVICES Flights operated on behalf of Providing flight services to major Short-term flying contracts Alliance provides specialised resource
Slide 4: Operational Metrics
OPERATIONAL METRICS Alliance continues to realise increased economic benefits of its capital expansion programme. Increases in both activity and asset utilisation has been the key profitability driver in 1H25. 31 Dec 2024 31 Dec 2023 Contract Revenue as a % of Total Revenue & Income Actual Actual 1H
Slide 5: Industrial Relations
Industrial Relations Alliance Airlines has invested, and continues to invest, significant management time into Enterprise Agreement (EA) negotiations across multiple disciplines. Enterprise Agreement Update • Brisbane Engineers • Agreement reached and approved by FWC in December 2024. • QLD/SA pilot
Slide 6: Financial Summary
FINANCIAL SUMMARY For the Half Year Ended 31 December 2024 Investor Presentation – February 2025
Slide 7: Income Statement
31 Dec 2024 31 Dec 2023 %PCP INCOME STATEMENT $Million Actual Actual Change Revenue Observations: Contract Revenue 153.6 154.7 (1%) Charter Revenue 7.2 8.1 (13%) • Contract revenue decreased by 1% with BHP Nickel West’s initial Wet Lease Revenue 160.1 127.6 25% decrease in flying hours offset by oth
Slide 8: Statement of Financial Position
31 Dec 2024 30 Jun 2024 %PCP STATEMENT OF $Million Actual Actual Change Cash 19.6 31.2 FINANCIAL POSITION Receivables Inventory 84.9 167.7 78.3 143.6 Total Current Assets 272.2 253.1 8% Observations: PP&E & Intangibles 823.0 719.6 Right of Use Assets 35.8 26.1 • Strong increase in the Net Asset posi
Slide 9: Cash Flow Statement
31 Dec 2024 31 Dec 2023 CASH FLOW $Million Actual Actual Receipts from customers (Inclusive of GST) 393.8 326.5 STATEMENT Payments to suppliers (inclusive of GST) (396.7) (306.9) Interest received 0.2 0.4 Interest paid (12.3) (8.0) Observations: Income tax (paid)/refunded (0.1) - Net Cash Flows from
Slide 10: Capital Expenditure
CAPITAL 1H25 2H25 Full Year $Million Actual Forecast FY2025 EXPENDITURE Existing fleet maintenance Cash outflows Base maintenance providers 19.5 15.2 34.7 Engine care program 12.0 7.3 19.3 Observations: Other miscellaneous 3.8 0.7 4.5 Operating costs capitalised 2.5 1.4 3.9 • 11 x Fokker and 10 x Em
Slide 11: Approved Debt Funding Facilities
APPROVED DEBT FUNDING FACILITIES Observations: • In August 2024, the Group increased debt facilities by $100.0 million with ANZ and $50.0 million with Pricoa. As at December 2024 the Group had drawn down $111.7 million of this additional funding. • The current E190 acquisition program cost (aircraft
Slide 12: Driving Growth
DRIVING GROWTH For the Half Year Ended 31 December 2024 Investor Presentation – February 2025
Slide 13: Continuing E190 Fleet Expansion
CONTINUING E190 FLEET EXPANSION The Company continues to add aircraft into the fleet at the earliest available opportunity. 100 This is forecast to accelerate in FY2025 and FY2026 as additional E190s are acquired. 86 79 Fleet Acquisition - update 80 Aircraft in service3: 72 68 • Alliance settled on
Slide 14: Strategy & Outlook
STRATEGY & OUTLOOK The outlook for 2025 remains strong with additional aircraft due for deployment on wet lease services and stable contract charter operations. Focus will continue to be on cost management and margin growth. Operational staffing levels have reached optimal levels to support 1H25 was
Slide 15: Other Information
OTHER INFORMATION For the Half Year Ended 31 December 2024 Investor Presentation – February 2025
Slide 16: National Footprint Contract Charter
NATIONAL FOOTPRINT CONTRACT CHARTER Alliance has crew and engineering bases in most Australian capital cities, and several regional ports being Townsville, Cairns and Rockhampton. This is a notably greater regional presence than other Australian operators, which gives Alliance a distinct advantage i
Slide 17: National Footprint Contract Wet Lease
NATIONAL FOOTPRINT CONTRACT WET LEASE Alliance’s wet lease operations are based on a fixed schedule with seasonal fluctuations. Under contracted wet lease agreements, Alliance has operated to nearly every state in Australia. The routes shown are those flown in December 2024. Note: Brisbane Noumea co
Slide 18: Contract Client Base
CONTRACT CLIENT BASE Alliance continues to be the leading FIFO operator in Australia, providing safe, on-time and cost-effective charter solutions. Investor Presentation – February 2025 18
Slide 19: Commodity Exposure
COMMODITY EXPOSURE Major commodity exposure as a percentage of the top 15 contracted FIFO client's revenue for the year ended 31 December 2024. Coal Silver/Lead/Zinc 9% 8% Copper/Gold/ Uranium Nickel 14% 11% Oil/Gas 15 7% Major Contracts Iron Ore 1H25 18% Manganese 7% Gold 26% Investor Presentation
Slide 20: Operational Performance
OPERATIONAL PERFORMANCE Safety Certifications On-Time Performance Comparison Safety is the Group’s number one priority. Alliance is proud to hold the IATA The Alliance OTP record is a key differentiator and significant contributor to its Operational Safety Audit (IOSA) certification, the Basic Aviat
Slide 21: ESG
ESG By integrating ESG principles, the Group fosters sustainable growth, ethical practices, and positive societal impact for long-term stakeholders value. ENVIRONMENT SOCIAL GOVERNANCE Committed eco-friendly initiatives to Fostering social responsibility and positive Robust governance standards ensu
Slide 22: Disclaimer
DISCLAIMER Reliance on third party information Not investment advice (cont.) Future performance and forward-looking statements This presentation was prepared by Alliance Aviation Services Any decision to buy or sell securities or other products should be This Presentation contains certain “forward-l
Slide 23: Thank You
T H A N K Y O U Investor Presentation – February 2025
Alliance Aviation Services — H1 FY2025 Earnings Presentation on 6ix