Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — Q1 2024 Earnings Presentation
19 slides from Vietjet Aviation Joint Stock's earnings presentation, 2024
Slide 1: Q1.2024 Business Update and Results
yletjet Aifcom Q1.2024 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 99.6% among top Airlines in Asia Pacific region. In Q1.2024, Vietjet got delivery and started operating 2 additional A320 and A321 neo aircrafts among 89 of total fleet. Vietjet is the few LCC in the world that successfully operates
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, nearly 100
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) Cao Bang Airport Reduct
Slide 7: Operating Statistics
OPERATING STATISTICS A LEADING LCC WITH A STRONG OPERATIONAL CAPABILITY Largest fleet in Vietnam #1 LCC with 40.5% domestic and 54.5% international market share (# aircraft) Domestic International 54.5% 107 18 90 42.5% 41.9% 40.5% 89 Others 8.0% 8.9% 9 8 1.4% 2.2% Others # of flights up by 10% y-o-y
Slide 8: Fleet Expansion
FLEET EXPANSION Vietjet’s aircraft fleet by 31st March 2024 stood at 89 aircraft including 21 Airbus A320s and 36 Vietjet large orderbooks from Airbus and Boeing A321CEO, 25 A321NEO and 7 A330 with the 200 406 average age of 5.5 years. The fleet of aircraft has seat configuration from 180 to 365
Slide 9: Vietjet continuously opens new routes
Vietjet continuously opens new routes from Hanoi to Melbourne, Sydney (Australia), Hiroshima (Japan); Ho Chi Minh City to Shanghai, Chengdu, Xi'an (China); etc. Vietjet is taking Ho Chi Minh City and Hanoi have become international aviation hubs alongside Singapore, Taipei (Taiwan, China), Incheon (
Slide 10: 140 routes in total: 37 Domestic, 103 International
VIETJET HAS ONE OF THE MOST EXTENSIVE NETWORKIN VIETNAM AND IS WELL-POSITIONED FOR INTERNATIONAL ROUTES 140 routes in total: 37 Domestic routes 103 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 SKYJOY All-in-one loyalty Diversified fare classes platform >11 million members Fly now, Pay later Insurance HDBank-Vietjet Travel Credit Card Con
Slide 12: Cost, Cost & Cost! A Strong Focus on Cost
COST, COST & COST! A STRONG FOCUS ON COST
Slide 13: Solid Growth in Ancillary
SOLID GROWTH IN ANCILLARY Ancillary and cargo transportation revenue in passenger transportation activities reached 226 Ancillary revenue % of Total Operation Revenue million USD, with an increase of 28% and contributed 35% of total passenger transportation revenue. Q1.2024 Ancillary 35% Q1.2023 A
Slide 14: Excellent Financial Performance
EXCELLENT FINANCIAL PERFORMANCE Revenue up +38% from Q1.2023 based on increase in passenger carried (+60%) and growth in ancillary revenue (+28%) Profit After Tax increased by +212% from USD 7.0 mil. in Q1.2023 to USD 21.9 mil. in Q1.2024 Total assets as of 31st March 2024 is USD 3,486 million
Slide 15: 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 89 aircraft with average age of 5.5 years, operating with economical and flexible costs Issuance of Environmental Protection Policy and Commitment Developing Mana
Slide 16: 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 17: Typical Events in Q1.2024
TYPICAL EVENTS IN Q1.2024 VIETJET HAS ACHIEVED REMARKABLE MILESTONES IN REACHING MOMENTOUS AGREEMENTS WITH KEY PARTNERS, OPENING NEW ROUTES TO INTERNATIONAL DESTINATIONS Vietjet cooperates with Trip.com Group to enhance experience for global customers. The two sides will Vietjet opens the second dir
Slide 18: Awards
AWARDS STRONG BRAND RECOGNITION IN VIETNAM AND IN THE REGION PROVIDING SUSTAINABLE COMPETITIVE ADVANTAGE 2024 Best Low-cost Airline 2023 in Southeast Asia Best Finance Management – Aviation – Vietnam Top 50 Sustainable Development Businesses Vietnam 2023 2023 2023 7/7 stars for aviation safety Top 1
Slide 19: Thank You
THANK YOU 18
Vietjet Aviation Joint Stock Company — Q1 2024 Earnings Presentation on 6ix