Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q3 FY2016-17 Earnings Presentation
10 slides from Singapore Airlines's earnings presentation, February 2017
Slide 1: SIA Group Financial Results Q3 and 9M FY2016-17
SIA GROUP FINANCIAL RESULTS For 3rd Quarter and 9 Months Ended 31 December 2016 197200078R SIA GROUP Q3 & 9M FY2016-17 1
Slide 2: Operating Result and Group Revenue
SIA GROUP Q3 & 9M FY2016-17 Operating Result Q3 Q3 Better/ 9M 9M Better/ FY16/17 FY15/16 (Worse) FY16/17 FY15/16 (Worse) ($M) ($M) (%) ($M) ($M) (%) Total Revenue 3,843.8 3,941.0 (2.5) 11,148.5 11,519.1 (3.2) Total Expenditure 3,550.9 3,653.0 2.8 10,553.3 10,991.1 4.0 -- Net fuel cost 938.6 1,138.9
Slide 3: Group Expenditure and Cost Composition
SIA GROUP Q3 & 9M FY2016-17 Group Expenditure $M 3,800 3,716.2 9M FY16/17 3,700 3,653.0 $10,553.3M 3,621.9 3,600 3,556.2 3,541.2 3,550.9 Year-on-Year $437.8M 3,500 3,461.2 (-4.0%) 3,400 3,300 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY15/16 FY16/17 Slide 5 SIA GROUP Q3 FY2016-17 Cost Composition ($M) AMO Costs Deprecia
Slide 4: Reduction in Fuel Cost and Group Operating Profit
SIA GROUP Q3 FY2016-17 Composition of Reduction in Fuel Cost $M (After Hedging) 1,300 Lower hedging 1,200 +36.1 loss 1,138.9 Higher 1,100 weighted average fuel price -200.3 (-17.6%) 1,000 Weaker Higher uplift US Dollar against SGD +29.3 938.6 -9.3 900 -256.4 800 Q3 FY15/16 Price Hedging Exchange Vol
Slide 5: Composition of Increase in Operating Profit
SIA GROUP Q3 FY2016-17 Composition of Increase in Operating Profit $M 550 - Lower fuel hedging loss +256.4 - Higher fuel cost -56.1 500 +200.3 450 Higher depreciation +31.3 -14.1 400 -28.1 -19.0 350 -128.8 Lower Higher -36.7 Lower pax lease flown rentals AMO Higher costs 292.9 300 288.0 revenue staf
Slide 6: Group Net Profit
SIA GROUP Q3 FY2016-17 Group Net Profit $M 300 274.9 Q3 FY16/17 200 202.6 Net Profit 177.2 $177.2M 142.5 $97.7M (-35.5%) 100 50.1 0 Q3 Q3 Q3 Q3 Q3 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 Slide 11 SIA GROUP Q3 FY2016-17 Group Profit Attributable to Owners of the Parent $M 300 274.9 -97.7 Absence of S
Slide 7: Parent Airline Company Q3 & 9M FY2016-17
PARENT AIRLINE COMPANY Q3 & 9M FY2016-17 PARENT AIRLINE COMPANY Q3 & 9M FY2016-17 Q3 9M FY16/17 Change FY16/17 Change % % Available Seat-KM (M) 29,738.7 - 88,810.8 -0.6 Revenue Passenger-KM (M) 23,484.7 -1.3 69,648.5 -2.6 Passenger Load Factor (%) 79.0 -1.0 pt 78.4 -1.6 pts Pax Yield - include fuel
Slide 8: Parent Airline Company Operating Result
PARENT AIRLINE COMPANY Q3 & 9M FY2016-17 Operating Result Q3 Better/ Better/ 9M Better/ Better/ FY16/17 (Worse) (Worse) FY16/17 (Worse) (Worse) ($M) ($M) (%) ($M) ($M) (%) Total Revenue 2,817.7 (172.6) (5.8) 8,381.3 (515.8) (5.8) Total Expenditure 2,666.5 142.8 5.1 7,954.1 556.3 6.5 -- Net fuel cost
Slide 9: Parent Airline Operating Performance and Pax Yields
PARENT AIRLINE COMPANY Q3 FY2016-17 Operating Performance % Passenger Load Factor 85 Breakeven Load Factor 79.8 80.0 80 79.5 79.0 -0.5 -0.1 79.1 79.3 79.4 -0.8 +2.7 +1.1 78.3 77.9 77.3 75 70 Q3 FY12/13 Q3 FY13/14 Q3 FY14/15 Q3 FY15/16 Q3 FY16/17 Slide 17 PARENT AIRLINE COMPANY Q3 & 9M FY2016-17 Mont
Slide 10: Group Fuel Hedging Position
Group Fuel Hedging Position Q4 FY16/17 Jet Fuel Percentage hedged (%) 37.4 Average hedged price (USD/BBL) 67 Up to 2022 Brent Hedges Percentage hedged (%) 33 to 39 Average hedged price (USD/BBL) 53 to 59 Slide 19 10
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