Samart Aviation Solutions Public Co Limited · SET:SAV
Samart Aviation Solutions Public — FY2023 Earnings Presentation
33 slides from Samart Aviation Solutions Public's earnings presentation, Mar 5, 2024
Slide 1: Samart Aviation Solutions Opportunity Day FY2023 & Q4/2023
Samart Aviation Solutions Public Company Limited: SAV Opportunity Day FY2023 & Q4/2023 l 05 March 2024
Slide 2: Agenda
Agenda 01 About SAV 02 Core Business 03 2023 Financial Performance 04 Outlook 2024
Slide 3: About SAV
01 About SAV
Slide 4: Member of SAMART
Member of SAMART 23 December 1993 SAMART Corporation Public Co., Ltd. 26 July 1996 SAMART Telecoms Public Co., Ltd. 9 December 2003 SAMART Digital Public Co., Ltd. 26 September 2023 SAMART Aviation Solutions Public Co., Ltd.
Slide 5: SAV Group Structure
SAV Group Structure Company Limited (“SAMART”) (Listed on the Stock Exchange of Thailand) Samart U-Tr Samart Inter Holding Co., Ltd. (“SIH”) Samart Aviation Solutions Public Company limited (“SAV”) Cambodia Air Traffic Services Co., Ltd. (“CATS”) Note : SAMART directly and indirectly holds a total o
Slide 6: History and Key Milestones
Total 49 years concession (27 years left) History and Key Milestones Future 2022-2023 2017-2019 Future growth 2008 - 1016 New airports August 2022 2002 -2007 obtained an and expansion December 2017 in capacity of 2001 obtained an extension to July 2008 operate for 10 current airports extension to Ec
Slide 7: SAV Core Business
02 SAV Core Business
Slide 8: CATS – Area of Responsibility (PNH – FIR)
CATS – Area of Responsibility (PNH – FIR) Adjacent FIRs Bangkok FIR Vientiane FIR Ho Chi Minh FIR 19 international ATS routes 21 domestic ATS routes
Slide 9: Area of Responsibility
Area of Responsibility 3 International + Phnom Penh + Sihanouk + Siem Reap Angkor (replacement) 3 Domestic Battambang, Koh Kong, Stung Treng New (In progress) + Dara Sakor + Techo International Airport
Slide 10: Main Operations of CATS (ATS)
Main Operations of CATS (ATS) 1.1 Air Traffic Control (ATC) Provide airport traffic management, such as sequencing and granting clearance for takeoff and landing, and providing various safety-related information within the driving area. Services for aircraft in flight entering or departing from the
Slide 11: Main Operations of CATS (ATS)
Main Operations of CATS (ATS) 1.2 Air Traffic Control (ATC)
Slide 12: Main Operations of CATS (ATS): Communication
Main Operations of CATS (ATS) 2.1 Communication
Slide 13: Main Operations of CATS (ATS): Navigation
Main Operations of CATS (ATS) 2.2 Navigation
Slide 14: Main Operations of CATS (ATS): Surveillance
Main Operations of CATS (ATS) 2.3 Surveillance
Slide 15: Main Operations of CATS (ATS): Airspace Management
Main Operations of CATS (ATS) 3. Airspace Management (ASM) Airspace Concept and Air Traffic Flow Parallel Route with one direction Satellite based route structure Performance base navigation Area Control Center Sectorization
Slide 16: Main Operations of CATS (ATS): Air Traffic Flow Management
Main Operations of CATS (ATS) 4. Air Traffic Flow Management (ATFM) Distributed Multi-Nodal ATFM Operation Concept Tired Participation Model
Slide 17: Main Operations of CATS (ATS): Aeronautical Information Management
Main Operations of CATS (ATS) 5. Aeronautical Information Management (AIM) Aeronautical Information Publication (AIP) Flight Planning Service (FPL) Pre-Flight Information Service (PIB) Meteorological Information (MET)
Slide 18: Main Operations of CATS (ATS): Instrument Flight Procedure Design
Main Operations of CATS (ATS) 6. Instrument Flight Procedure Design (IFPD) En-Route Procedure Standard Instrument Arrival (STAR) Instrument Approach Procedure (IAP) Standard Instrument Departure (SID)
Slide 19: Company's Service Process Overview
Company's Service Process Overview Airline operators must obtain flight permission from SSCA concurrently with submitting credit applications to the CATS before commencing flight operations. SSCA is a government agency of Cambodia that controls and oversees the operations of CATS. Responsibilities i
Slide 20: 2023 Financial Performance
03 2023 Financial Performance
Slide 21: Number of Flights and Service Income Composition
Number of Flights Composition (Flight,%) Landing and Take-off Number of Flights YE’22 Landing and Take-off Number of Flights YE’23 Domestics Domestics 6,034 , 7% 6,160 , 9% (-2.0% YoY) Landing and Take-off International 12,839 , 19% Landing and Take-off Overflight International Overflight 49,391 , 7
Slide 22: 2023 Flight movement with diversified customer base
2023 Flight movement with diversified customer base Overflight 63,413 flights , 68% International Landing & Take-off 23,238 flights, 25% Qartar UAE China 1.8% Other 2.4% 3.1% Laos China 4.1% Thailand 2.6% 14.5% 18.7% South Korea Philippines 4.5% 16.3% Singapore 9.7% Other Malaysia 12.7% 8% Thailand
Slide 23: Flight Movement 2002 - 2027
Flight Movement 2002 - 2027 180,000 131,746 110,706 92,685 68,390 49,071 | 30,876 120,000 95,715 86,616 76,950 72,694 593555 60.828 51,877 5: 48,631 47,476 1480 41,678 35,931 38,042 31,425 30,779 ; | 2002A 2003A 2004A 2005A 2006A 2007A 2008A 2009A 2010A 2011A 2012A 2013A 2014A 2015A 2016A 2017A 2018
Slide 24: Revenue Drivers
Revenue Drivers Commercial Flight Movement (Flights) Service Income (THB mm) (THB Million,%)
Slide 25: Revenue and Profitability Ratios
Revenue and Profitability Ratios 31 December YE’23 (THB Million,%) Total Revenue Gross Profit Margin *51.9% *48.8% Net Profit Margin ROA & ROE *18.0% *18.1% *exl. Revenue from Contract Work
Slide 26: YTD'23 Consolidated Income Statement
YTD’23 Consolidated Income Statement 31 December YE’23 YE'22 YE'23 2000 1500 1,501.3 *51.9% 1000 1,086.2 *48.8% 47.4% 43.5% 778.8 24.0% *18.1% 500 *18.0% *18.0% 21.9% 529.8 16.5% 16.4% 16.4% 360.1 271.6 199.5 199.5 0 Service Revenue Gross Profit Net Profit Net Profit (exl. WHT dividend expense) *exl
Slide 27: Financial Position
Financial Position 31 December YE’23 (THB Million,%) Capital Structure Assets Liabilities Shareholders’ Equity
Slide 28: Statement of Cash Flow
Statement of Cash Flow 31 December YE’23 (THB Million,%) 2022 2023 Change % Net Cash From Operating Activities 291.32 404.03 112.71 38.7% Net Cash From Investing Activities -289.92 534.03 823.95 -284.2% Net Cash From Financing Activities 207.19 -740.75 -947.94 -457.5% Net increase (decrease) in cash
Slide 29: Outlook 2024
04 Outlook 2024
Slide 30: Utilities and Transportations: SAV Outlook 2024
Utilities and Transportations Samart Aviation Solutions Pcl. Dara Sakor Airport Cambodia's Dara Sakor Tourism Development Developer: Union Development Group (UDG) Investment: USD 200 Million Category: 4E (at beginning) and 4F (in future) Opening: 2024 As of Dec 2023: As of Dec More than 90% Techo In
Slide 31: Laos Project
Utilities and Transportations Samart Aviation Solutions Pcl. Flight Tracker Map Dara Sakor Laos Project Set up subsidiary in Laos, “LSAV” Explore aviation market potential Why Laos PDR? 2.5-3x Higher flight traffic than Cambodia Strategic location for flights from Thailand to other countries ie. Chi
Slide 32: Q&A
Q&A
Slide 33: Thank You
Thank You Contact Samart Aviation Solutions Public Company Limited 99/1 Moo 4 Software Park Building, Chaengwattana Rd., Klong Gluar, Pak-kred, Nonthaburi 11120 SAV.Info@Samartcorp.com +66 2502 6000 ext. 6304 www.samartaviation.com Disclaimer This presentation does not constitute or form part of any
Samart Aviation Solutions Public Company — FY2023 Earnings Presentation on 6ix