Vietcap Securities Joint Stock Company · HOSE:VCI
Vietcap Securities Joint Stock — Vietjet — FY2023 Earnings Presentation
19 slides from Vietcap Securities Joint Stock's earnings presentation, Sep 14, 2024
Slide 1: 2023 Business Update and Results
2023 BUSINESS UPDATE AND RESULTS
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 has become the focus of geopolitical factors, becoming an investment and economic center and the world’s destination with visits by heads of major countries including the United State, China, United Kingdom, Germany, Australia, India, Indonesia... ➢ Vietjet has gradually tra
Slide 4: Key Highlights
Key Highlights ➢ Achieved the highest technical reliability of 99.72% among top Airlines in Asia Pacific region. ➢ In 2023, Vietjet delivered and started operating 2 new A320, 6 new A321 neo and 4 new A330 aircraft among 87 of total fleet. ➢ Vietjet is the few LCC in the world that successfully oper
Slide 5: Macro Story
Macro Story BEST POSITIONED TO BENEFIT FROM ATTRACTIVE MACRO STORY AND STRONG GOVERNMENT INCENTIVES FOR VIETNAM’S AVIATION SECTOR Leading GDP growth rate across ASEAN Highest personal disposable income growth across ASEAN Large LCC market with ample growth opportunities Large population reaches over
Slide 6: Macro Story
Macro Story BEST POSITIONED TO BENEFIT FROM ATTRACTIVE MACRO STORY AND STRONG GOVERNMENT INCENTIVES FOR VIETNAM’S AVIATION SECTOR Huge potential development opportunities for airport infrastructure Changes in regulations to support the airline industry Sa Pa Airport (Lao Cai) Reduction in fuel • Pet
Slide 7: Operating Statistics
Operating Statistics A LEADING LCC WITH A STRONG OPERATIONAL CAPABILITY 1st largest fleet in Vietnam with 105 aircraft #1 LCC with 41% domestic and 51% international market share (# aircraft) Others Others # of flights up by 14% y-o-y in 2023 # of pax up by 23% in 2023 Aircraft utilization & load fa
Slide 8: Fleet Expansion
Fleet Expansion Vietjet large orderbooks from Airbus and Boeing Vietjet’s aircraft fleet by 31st December 200 386 2023 stood at 87 aircraft including 20 Airbus A320s and 36 A321s, 24 A321NEO and 7 A330 with the average age of 5.5 years. 186 The fleet of aircraft has seat configuration from 180 to 36
Slide 9: Company Overview
Company Overview Vietjet has inaugurated 5 routes connecting Vietnam and Australia including Ho Chi Minh City – Sydney/ Melbourne/ Brisbane/ Adelaide/ Perth. Vietjet has gradually transformed Ho Chi Minh city and Hanoi to become international hubs alongside Singapore, Taipei (Taiwan), Incheon (Seoul
Slide 10: Extensive network well-positioned for international routes
VIETJET HAS ONE OF THE MOST EXTENSIVE NETWORK IN VIETNAM AND IS WELL-POSITIONED FOR INTERNATIONAL ROUTES 125 routes in total: 45 Domestic routes 80 International routes 9
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 platform Diversified fare classes SKYJOAll-in-one loyalty Y >11 million members Fly first, Pay later Insurance HDBank-Vietjet Travel Credit Card C
Slide 12: Sustainable Development
Sustainable Development COMMITMENT TO ESG TARGETS AND NET ZERO BY 2050 Modern and young fleet Owning one of the youngest and modern fleet 87 aircraft with average age of 5.5 years, operating with economical and flexible costs Issuance of Environmental Protection Policy and Commitment Developing Mana
Slide 13: Sustainable Development
Sustainable Development COMMITMENT TO ESG TARGETS AND NET ZERO BY 2050 VietJet adopts a comprehensive fuel cost management program includes: – Vietjet and Safran Group signed a contract to provide solutions to optimize aircraft fuel consumption (SFCO2). The program's solutions including optimizing e
Slide 14: Typical events in 2023
Typical events in 2023 VIETJET HAS ACHIEVED REMARKABLE MILESTONES IN REACHING MOMENTOUS AGREEMENTS WITH KEY PARTNERS, OPENING NEW ROUTES TO INTERNATIONAL DESTINATIONS During the official visit of the US President At the COP28, Vietjet signed a cooperation agreement to Vietnam, Vietjet signed an agre
Slide 15: Awards in 2023
Awards in 2023 STRONG BRAND RECOGNITION IN VIETNAM AND IN THE REGION PROVIDING SUSTAINABLE COMPETITIVE ADVANTAGE Top 50 Sustainable Development Businesses Vietnam 2023 2023 Best Low-Cost Airline Onboard Hospitality for 2023 Best Ultra Low-Cost Airline 2023 Top 10 of World’s Safest Airlines 2023 Viet
Slide 16: Cost, cost & cost! A strong focus on cost
Cost, cost & cost! A strong focus on cost 15
Slide 17: Solid Growth In Ancillary
Solid Growth In Ancillary Ancillary revenue % of Total Operation Revenue ➢ Total Ancillary revenue as % of Total Operation Revenue increased to 39% in 2023 compared to 38% in 2023 2022 Ancillary 39% 2022 Ancillary 38%
Slide 18: Excellent Financial Performance (Consolidated FS)
Excellent Financial Performance (Consolidated Fs) TOTAL REVENUE (USD mil.) PROFIT AFTER TAX (USD mil.) ➢ Revenue up 56% from 2022 based 14.1 on increase in passenger carried (+74%) and growth in ancillary (92.6) revenue (+46%) 2,561 1,644 ➢ Profit After Tax increased from 2022 2023 2022 2023 USD -92
Slide 19: Thank you
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