Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — FY2014/15 Earnings Presentation
12 slides from Singapore Airlines's earnings presentation, May 14, 2015
Slide 1: SIA 80th Business Meeting: FY2014/15 Results
SIA 80th BUSINESS MEETING FY2014/15 Results 14 May 2015 THE PARENT AIRLINE FY2014/15 RESULTS 1
Slide 2: Parent Airline Operating Performance – FY2014/15
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – FY2014/15 % % 4Q/14 Change 14/15 Change Available Seat-KM 29,091 -0.9 120,001 -0.4 (million) Revenue Pax-KM 22,144 -2.0 94,209 -0.9 (million) Passenger Load 76.1 -0.9 pt 78.5 -0.4 pt Factor (%) Slide 3 THE PARENT AIRLINE COMPANY OPERATING PERFORMANC
Slide 3: Monthly Pax Yields and Operating Performance
THE PARENT AIRLINE COMPANY RESULTS – FY2014/15 Monthly Pax Yields (Including Fuel Surcharge) FY12/13 FY13/14 FY14/15 ¢/pkm 12 11.6 11.6 11.5 11.5 11.4 11.4 11.4 11.4 11.4 11.3 11.3 11.3 11.2 11.2 11.4 11.2 11.1 11.3 11.1 11.3 11 10.9 11.1 11.1 11.1 10.8 10.8 11.2 11.0 10.9 10.9 10.7 10.8 10.7 10 Apr
Slide 4: Parent Airline Results and Operating Performance – FY2014/15
THE PARENT AIRLINE COMPANY RESULTS – FY2014/15 Better/ Better/ 4Q/14 (Worse) 14/15 (Worse) $million $million $million $million Total Revenue 3,002 54 12,418 (61) Total Expenditure 2,932 76 12,078 146 - Fuel Cost 724 456 4,079 764 - Fuel Hedging Loss 287 (311) 457 (528) - Ex-fuel Cost 1,921 (69) 7,54
Slide 5: Cost Composition and Fuel Price Trend
THE PARENT AIRLINE COMPANY COST COMPOSITION – FY2014/15 Staff 1,540.2 (-) Passenger Costs 676.7 (+0.1% pt) Fuel Cost Post Hedging 4,536.2 (-1.5% pts) AMO Costs 655.7 (-0.1% pt) LPO* Charges 594.8 (-) Handling Charges 876.2 (+0.1% pt) Others 1,280.5 Aircraft Depreciation & Lease Rentals (+0.5% pt) 1,
Slide 6: Fuel Expenditure and Unit Cost Analysis
THE PARENT AIRLINE COMPANY FUEL EXPENDITURE – FY2014/15 $M Lower 5,000 weighted 4,772 -91 average Hedging fuel price loss vs -236 1.9% gain last +14 4,536 (-4.9%) +47 4,500 Lower year Others uplift Stronger US Dollar 4,000 -734 +528 FY13/14 Volume Price Hedging Exchange Others FY14/15 Slide 11 THE P
Slide 7: SIA Group Revenue – FY2014/15
SIA GROUP FY2014/15 RESULTS GROUP REVENUE – FY2014/15 FY13/14 FY14/15 ($ million) 4,099 4,000 Full Year 3,901 3,905 3,914 3,880 Revenue 3,875 3,840 $15,209M $15,566M 3,750 3,682 3,708 3,628 Year-on-Year 3,500 $35M $322M -0.2% +2.1% Q1 Q2 Q3 Q4 Slide 14 7
Slide 8: Group Expenditure and Operating Profit – FY2014/15
GROUP EXPENDITURE – FY2014/15 ($ million) FY13/14 FY14/15 4,000 3,953 Full Full Year Year 3,814 3,773 3,788 Expenditure Expenditure 3,758 3,772 3,750 3,724 $14,790M $15,156M 3,689 3,642 3,603 Year-on-Year 3,500 $195M $171M -1.3% +1.1% Q1 Q2 Q3 Q4 Slide 15 GROUP OPERATING PROFIT – FY2014/15 ($ millio
Slide 9: Contribution to Group Operating Profit and Net Profit
CONTRIBUTION TO GROUP OPERATING PROFIT – FY2014/15 ($ million) 14/15 13/14 Change % Change Singapore Airlines 340 256 + 84 + 32.8 SIA Engineering 84 116 - 32 - 27.6 SilkAir 41 35 + 6 + 17.1 SIA Cargo (22) (100) + 78 + 78.0 Slide 17 GROUP NET PROFIT – FY2014/15 ($ million) Full Year 1,250 Net Profit
Slide 10: Profit Attributable to Owners and Dividends
GROUP PROFIT ATTRIBUTABLE TO OWNERS OF PARENT – FY2014/15 ($ million) 600 Higher Higher operating share of profit losses 500 Lower share of +73 -93 profits 400 -84 368 +9 359 -42 Gain vs (+2.5%) +151 loss last Expense +4 year vs credit 300 last year 0 FY13/14 Operating Associates JVs FY14/15 profit
Slide 11: Outlook FY2014/15
OUTLOOK FY2014/15 CHALLENGES 1 Intense Competition 2 Economic Uncertainty 3 Currency Fluctuations Slide 22 11
Slide 12: Thank You
Thank You SINGAPORE AIRLINES