Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — H1 2024 Earnings Presentation
19 slides from Vietjet Aviation Joint Stock's earnings presentation, 2024
Slide 1: H1.2024 Business Update and Audited Results
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Slide 2: Disclaimer
DISCLAIMER INFORMATION CONTAINED IN OUR PRESENTATION IS INTENDED SOLELY FOR YOUR REFERENCE. SUCH INFORMATION IS SUBJECT TO CHANGE WITHOUT NOTICE, ITS ACCURACY IS NOT GUARANTEED AND IT MAY NOT CONTAIN ALL MATERIAL INFORMATION CONCERNING THE COMPANY. NEITHER WE NOR OUR ADVISOR MAKES ANY REPRESENTATION
Slide 3: Key Highlights
KEY HIGHLIGHTS Vietnam becomes a focal point of geopolitical factors, turning into an investment and economic hub, a global destination with visits from the heads of major countries including the US, China, the UK, Germany, Australia, India, Indonesia, etc. Vietjet has been turning HCMC and Hanoi in
Slide 4: Key Highlights
KEY HIGHLIGHTS Audited profit before tax for the first 6 months of 2024 reached USD 40 million, a 307% increase compared to USD 10 million in the first 6 months of 2023 The load factor was maintained at a high level of 87% in the first 6 months of 2024 Achieved the highest technical reliability of 9
Slide 5: Macro Story
MACRO STORY BEST POSITIONED TO BENEFIT FROM ATTRACTIVE MACRO STORY AND STRONG GOVERNMENT INCENTIVES FOR VIETNAM’S AVIATION SECTOR Large LCC market with Leading GDP growth rate across ASEAN Highest personal disposable income growth 5.60% ample growth opportunities 5.05% 5.05% 9.50% across ASEAN 8.30%
Slide 6: Macro Story
MACRO STORY BEST POSITIONED TO BENEFIT FROM ATTRACTIVE MACRO STORY AND STRONG GOVERNMENT INCENTIVES FOR VIETNAM’S AVIATION SECTOR Key projects • Serve Da Nang area and nearby provinces with 2 runw a y s a n d 1 i n t e r n a t i o n a l Remarkable government support with USD18 Da Nang terminal, ~ 85
Slide 7: Operating Statistics
OPERATING STATISTICS A LEADING LCC WITH A STRONG OPERATIONAL CAPABILITY Domestic and international market share reached Largest fleet in Vietnam 40.5% and 54.5% (# aircraft) 54.5% Domestic International 18 86 42.5% 41.9% 40.5% 85 8.0% 8.9% 6 8 1.4% 2.2% Other airlines Other airlines Number of flight
Slide 8: Fleet Expansion
FLEET EXPANSION As of June 30, 2024, Vietjet's fleet comprised 85 Model # a/c Seat config Avg. age aircraft, including 17 Airbus A320s, 36 A321CEOs, 25 A321NEOs, and 7 A330s, with an average age A330 7 377 n.a. of 7.2 years. The fleet's seat configuration ranges from 180 to A321NEO 25 230 - 240 4.8
Slide 9: Vietjet has continuously launched new routes
Vietjet has continuously launched new routes from Hanoi to Melbourne, Sydney (Australia), Hiroshima (Japan); from Ho Chi Minh City to Shanghai, Chengdu, Xi'an (China); from Phu Quoc to Taichung, Kaohsiung (Taiwan, China), etc. Vietjet is transforming Ho Chi Minh City and Hanoi into international avi
Slide 10: Vietjet has one of the most extensive networks in Vietnam
VIETJET HAS ONE OF THE MOST EXTENSIVE NETWORKS IN VIETNAM AND IS WELL- POSITIONED FOR INTERNATIONAL ROUTES 149 routes in total: 38 domestic routes 111 international routes 10
Slide 11: Products – Services
PRODUCTS – SERVICES LEVERAGING COMPLETE DIGITAL PLATFORMS TO PROVIDE FULL SUITE OF AIR SERVICES AND DELIVER EXCEPTION EXPERIENCE FOR VIETJET’S PASSENGERS SKYJOY Diversified fare classes All-in-one loyalty platform >11 million members Fly now, Pay Insurance HDBank-Vietjet Travel Credit Card later Con
Slide 12: Sustainable Development
SUSTAINABLE DEVELOPMENT COMMITMENT TO ESG TARGETS AND NET ZERO BY 2050 Modern and young fleet Following ESG Owning one of the youngest and modern fleet 87 aircraft with average age of 5.5 years, strategies, operating with economical and flexible costs Vietjet has Issuance of Environmental Protection
Slide 13: Sustainable Development
SUSTAINABLE DEVELOPMENT COMMITMENT TO ESG TARGETS AND NET ZERO BY 2050 VietJet adopts a comprehensive fuel cost management program that includes: Vietjet and Safran Group signed a contract to provide solutions to optimize aircraft fuel consumption (SFCO2). The program's solutions include optimizing
Slide 14: Outstanding Events in H1.2024
OUTSTANDING EVENTS IN H1.2024 VIETJET HAS ACHIEVED REMARKABLE MILESTONES IN REACHING MOMENTOUS AGREEMENTS WITH KEY PARTNERS, OPENING NEW ROUTES TO INTERNATIONAL DESTINATIONS 2024 Annual General Meeting: Vietjet and Airbus sign a contract Vietjet and Rolls-Royce sign a Vietjet and Lufthansa Technik V
Slide 15: Awards
AWARDS STRONG BRAND RECOGNITION IN VIETNAM AND IN THE REGION PROVIDING SUSTAINABLE COMPETITIVE ADVANTAGE Best Low-cost Airline 2023 in Southeast Asia Best Finance Management – Aviation – Vietnam 2024 Best Ultra Low-Cost Airline World's Safest Low-Cost Airlines 2024 Best Low-Cost Airline Onboard Hosp
Slide 16: Cost, Cost & Cost! A Strong Focus on Cost
COST, COST & COST! A STRONG FOCUS ON COST 16
Slide 17: Solid Growth in Ancillary
SOLID GROWTH IN ANCILLARY The audited ancillary and cargo transportation revenue in passenger transportation activities in Ancillary revenue % H1.2024 reached nearly USD 462 million , an of Total Revenue increase of 16% compared to the first 6 months of 2023, and contributed 34% of total revenue. H1
Slide 18: Excellent Financial Performance
EXCELLENT FINANCIAL PERFORMANCE TOTAL REVENUE (USD mil.) PROFIT AFTER TAX (USD mil.) Audited total revenue in 1H of 2024 +15% +511% reached USD 1,361 million, increased 33 1,181 1,361 by 15% compared to the first six 5 months of 2023, driven by a growth in H1.2023 H1.2024 H1.2023 H1.2024 passenger t
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