Slide 1: Earnings Presentation Q4 FY17
Earnings Presentation Q4 FY17 Jan – Mar 2017 May 9th , 2017 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: Overview
Overview
Slide 4: Key highlights
Key highlights • Signed term sheet with ATR for purchase of 50 ATR 72-600s with flexibility to reduce the number of aircraft deliveries based on certain conditions o Turboprop operations expected to commence by the end of calendar 2017 o Expected to induct 20 ATR aircraft by December 2018 • Profit a
Slide 5: Operational highlights
Operational highlights • Ended the quarter with a fleet of 131; added 5 A320neo aircraft during the quarter • For Q4 FY17, on time performance was 79.6%, technical dispatch reliability was 99.86% and flight cancellation rate was 0.50% o Ranked No.1 on OTP for the month of March with an OTP of 88.0%
Slide 6: Financial Overview
Financial Overview
Slide 7: Financial highlights for the full year
Financial highlights for the full year Full Year ended Particulars (in INR million) Mar'17 Mar'16 Change% ASK (billion) 54.6 42.8 27.5% Total revenue 193,696 166,550 16.3% RASK (INR) 3.44 3.78 -9.2% Total cost 172,252 138,315 24.5% CASK (INR) 3.04 3.12 -2.5% CASK ex fuel (INR) 1.88 2.01 -6.3% EBITDA
Slide 8: Financial highlights for the quarter
Financial highlights for the quarter Quarter Ended Particulars (in INR million) Mar'17 Mar'16 Change% ASK (billion) 14.1 11.4 24.2% Total revenue 51,420 42,759 20.3% RASK (INR) 3.52 3.64 -3.3% Total cost 45,230 34,582 30.8% CASK (INR) 3.08 2.92 5.5% CASK ex fuel (INR) 1.84 2.02 -8.9% EBITDAR 14,491
Slide 9: Revenue breakup for the quarter
Revenue breakup for the quarter Quarter Ended Particulars (in INR million) Mar'17 Mar'16 Change% Revenue from operations 48,482 40,907 18.5% Other income 2,938 1,852 58.6% Total revenue 51,420 42,759 20.3% ASK (billion) 14.1 11.4 24.2% RPK (billion) 12.2 9.7 25.8% Load factor (%) 86.1% 85.1% 1.0 ppt
Slide 10: Cost breakup for the quarter
Cost breakup for the quarter Quarter Ended Particulars (in INR million) Mar'17 Mar'16 Change% Aircraft fuel expenses 17,505 10,236 71.0% Aircraft and engine rentals 8,242 6,789 21.4% Purchase of stock in trade 226 325 -30.4% Changes in inventories of stock in trade 3 (0) -- Employee benefits 5,339 4
Slide 11: Cash and Debt
Cash and Debt As of Particulars (in INR million) Mar’17 Dec ’16 Change Free Cash 44,326 37,865 17.1% Restricted Cash 49,106 46,685 5.2% Total Cash 93,432 84,550 10.5% Debt 25,962 27,466 -5.5% 11
Slide 12: Fleet and capacity update
Fleet and capacity update • Expected fleet of 170 A320 aircraft at the end of fiscal year 2018 including 47 A320neos • For fiscal year 2018, year-over-year increase in ASKs is expected to be 25% excluding the planned ATR operation • First quarter fiscal year 2018, year over year capacity increase in
Slide 13: Appendix
Appendix
Slide 14: Fleet breakup
Fleet breakup 31st Mar, 2017 31st Dec, 2016 31st Mar, 2016 131 126 107 • 17 Owned/Finance • 18 Owned/Finance • 22 Owned/ Finance Lease Lease Lease • 114 Operating Lease • 108 Operating Lease • 85 Operating Lease • 19 A320neo • 14 A320neo • 3 A320neo • 112 A320ceo • 112 A320ceo • 104 A320ceo 14
Slide 15: 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 16: Thank You
Thank You