Ana Holdings Inc. · TSE:9202

Ana — All Nippon Airways — Q3 FY2011 Earnings Presentation

37 slides from Ana's earnings presentation, Jan 31, 2012

  1. Slide 1: All Nippon Airways Financial Results FY2011 Third Quarter

    All Nippon Airways Financial Results FY2011 Third Quarter Tomohiro Hidema Executive Vice President and CFO January 31, 2012 ©ANA2012 1

  2. Slide 2: Contents

    Contents Ⅰ. FY2011 Financial Results Third Quarter Ⅱ. FY2011 Earnings Forecast Highlights FY11 Third Quarter P.4 Consolidated Earnings Forecast P.21 Earnings Forecast Change Factors Consolidated Financial Summary (vs. October 28, 2011 Announcement) P.22 Income Statements P.5 Earnings Forecast by Seg

  3. Slide 3: FY2011 Financial Results Third Quarter

    Ⅰ. FY2011 Financial Results Third Quarter ©ANA2012 3

  4. Slide 4: Highlights FY11 Third Quarter

    Highlights FY11 Third Quarter Highlights of Financial Results FY11 1Q-3Q and FY10 1Q-4Q  Consolidated cumulative operating income for 3Q posted 91.1 billion yen (13.4 billion yen year-on-year improvement). 33.7 billion yen net profit for the quarter (3.7 billion yen year-on-year decline); EBITDA o

  5. Slide 5: Consolidated Financial Summary: Income Statements

    Consolidated Financial Summary Income Statements 1-3Q/FY10 1-3Q/FY11 Difference 3Q/FY11 Difference Operating Revenues 1,039.1 1,069.8 + 30.7 365.0 + 10.0 Operating Expenses 961.4 978.7 + 17.2 324.0 - 10.1 Operating Income 77.7 91.1 + 13.4 41.0 +20.1 Op. Margin (%) 7.5 8.5 + 1.0pts 11.2 +5.4pts Non-O

  6. Slide 6: Consolidated Financial Position

    Consolidated Financial Summary Consolidated Financial Position Mar 31, 2011 Dec 31, 2011 Difference Assets 1,928.0 1,998.4 + 70.4 Shareholders' Equity 520.2 528.9 + 8.6 Ratio of Shareholders' Equity (%) 27.0 26.5 - 0.5pts Interest Bearing Debts 938.8 985.8 + 46.9 Debt/Equity Ratio (times) 1.8 1.9 +

  7. Slide 7: Consolidated Statements of Cash Flow

    Consolidated Financial Summary Consolidated Statements of Cash Flow 1-3Q/FY10 1-3Q/FY11 Difference Cash Flow from Operating Activities 182.4 160.7 - 21.7 Cash Flow from Investing Activities - 173.7 -92.3 + 81.3 Cash Flow from Financing Activities 66.5 38.4 - 28.0 Net Increase or Decrease 74.9 106.6

  8. Slide 8: Results by Segment

    Consolidated Financial Summary Results by Segment 1-3Q/FY10 1-3Q/FY11 Difference 3Q/FY11 Difference Air Transportation 930.7 957.5 + 26.8 326.4 + 7.5 Travel Services 124.8 119.4 - 5.4 40.9 + 1.1 Total for Reporting Segments 1,055.6 1,077.0 + 21.4 367.4 + 8.7 Revenues Other 104.4 103.6 - 0.8 35.8 - 0

  9. Slide 9: Air Transportation Business: Operating Revenues and Expenses

    Air Transportation Business Operating Revenues and Expenses 1-3Q/FY10 1-3Q/FY11 Difference 3Q/FY11 Difference Domestic Passengers 503.0 497.2 - 5.7 169.4 - 1.0 International Passengers 215.0 241.9 + 26.9 82.3 + 9.1 Operating Cargo and Mail 94.5 97.8 + 3.2 32.8 - 2.0 Revenues Others 118.0 120.5 + 2.4

  10. Slide 10: Air Transportation Business: Changes in Operating Income

    Air Transportation Business (¥ Billion) Changes in Operating Income ･Commission, Advertisement ・In- In-flight service, Ground Service, etc. Other Sales- Sales-Linked Revenue Other Expense ・Landing /Navigation Fees Cargo ・Depreciation & Mail +2.4 +2.7 - 2.8 +6.9 ・Person Personnel ・Contracts, etc. Int

  11. Slide 11: Domestic Passenger Operations

    Air Transportation Business Domestic Passenger Operations 1-3Q/FY10 1-3Q/FY11 % Y/Y 3Q/FY11 % Y/Y Available Seat Km (million) 42,789 42,719 - 0.2 14,311 - 0.5 Revenue Passenger Km (million) 27,949 26,168 - 6.4 9,114 - 2.2 Passengers (thousands) 31,553 29,552 - 6.3 10,335 - 2.5 Load Factor (%) 65.3 6

  12. Slide 12: Trends in Domestic Passenger Operations

    Air Transportation Business Trends in Domestic Passenger Operations 1-3Q Cumulative Revenue Change Factors Monthly Trends in Domestic Passengers Despite wide decline in passenger numbers due to Solid individual travel demand, travel/promotional the Earthquake, unit price improvement measures limit

  13. Slide 13: International Passenger Operations

    Air Transportation Business International Passenger Operations 1-3Q/FY10 1-3Q/FY11 % Y/Y 3Q/FY11 % Y/Y Available Seat Km (million) 21,688 25,543 + 17.8 8,624 + 11.1 Revenue Passenger Km (million) 16,883 18,594 + 10.1 6,389 + 9.1 Passengers (thousands) 3,906 4,328 + 10.8 1,487 + 14.0 Load Factor (%)

  14. Slide 14: Trends in International Passenger Operations

    Air Transportation Business Trends in International Passenger Operations Business class passenger trends, 1-3Q Cumulative Revenue Change Factors Inbound (Japan) passenger trends Increase revenues through passenger factors Business class passenger demand steady even beyond October using proper yiel

  15. Slide 15: Domestic Cargo Operations

    Air Transportation Business Domestic Cargo Operations 1-3Q/FY10 1-3Q/FY11 % Y/Y 3Q/FY11 % Y/Y Available Ton Km (million) 1,406 1,354 - 3.7 450 - 4.5 Revenue Ton Km (million) 343 356 + 3.6 127 + 2.0 Revenue Ton (thousand tons) 346 358 + 3.5 128 + 1.9 Domestic Cargo Load Factor (%) 24.4 26.3 + 1.9pts*

  16. Slide 16: Intentionally Blank

    Intentionally Blank ©ANA2012 16

  17. Slide 17: International Cargo Operations

    Air Transportation Business International Cargo Operations 1-3Q/FY10 1-3Q/FY11 % Y/Y 3Q/FY11 % Y/Y Available Ton Km (million) 2,262 2,725 + 20.4 933 + 17.8 Revenue Ton Km (million) 1,560 1,661 + 6.5 579 + 3.2 Revenue Ton (thousand tons) 425 428 + 0.8 151 - 1.1 International Cargo Load Factor (%) 68.

  18. Slide 18: Trends in International Cargo Operations

    Air Transportation Business Trends in International Cargo Operations 1-3Q Cumulative Revenue Change Factors Monthly Trends in International Cargo Expanded ASK leads to greater volume; however, Recession has led to slowing freight movement; declining demand results in unavoidable unit price drops h

  19. Slide 19: FY2011 Earnings Forecast

    Ⅲ. FY2011 Earnings Forecast ©ANA2012 19

  20. Slide 20: Intentionally Blank

    Intentionally Blank ©ANA2012 20

  21. Slide 21: Consolidated Earnings Forecast

    FY2011 Earnings Forecast Consolidated Earnings Forecast 《Ref.》 As of 28OCT,2011 FY10 FY11（RE） Difference FY11（RE） Operating Revenues 1,357.6 1,400.0 + 42.3 1,400.0 Operating Expenses 1,289.8 1,310.0 + 20.1 1,330.0 Operating Income 67.8 90.0 + 22.1 70.0 Op. Margin (%) 5.0 6.4 + 1.4pts 5.0 Recurring I

  22. Slide 22: Earnings Forecast Change Factors

    FY2011 Earnings Forecast Earnings Forecast Change Factors (vs. October 28, 2011 Announcement) (¥ Billion） Operating Income + 20.0 Recurring Income ＋20.0 Net Income ±0.0 ▲200 90.0 《Main Improvement Factors》 +20.0  Recurring Income Improvement +20.0  Partial reversal of deferred tax 56.0 +20.0 asset

  23. Slide 23: Earnings Forecast by Segment

    FY2011 Earnings Forecast Earnings Forecast by Segment 《Ref.》 As of 28OCT,2011 FY10 FY11（RE） Difference FY11（RE） Air Transportation 1,218.2 1,266.0 + 47.8 1,266.0 Travel Services 159.3 152.0 - 7.3 145.0 Total for Reporting Segments 1,377.6 1,418.0 + 40.3 1,411.0 Revenues Other 138.9 140.0 + 1.0 140.0

  24. Slide 24: Operating Revenues and Expenses

    FY2011 Earnings Forecast Operating Revenues and Expenses 《Ref.》 As of 28OCT,2011 FY10 FY11 (RE) Difference FY11（RE） Domestic Passengers 652.6 661.0 + 8.4 661.5 International Passengers 280.6 319.0 + 38.4 317.5 Operating Cargo and Mail 125.0 128.5 + 3.5 131.0 Revenues Others 159.9 157.5 - 2.4 156.0 T

  25. Slide 25: Passenger Operations Earnings Forecast Assumptions

    FY2011 Earnings Forecast 《Passenger Operations》 Earnings Forecast Assumptions for FY11（vs. FY10） Domestic Passengers International Passengers 1H(A) 2H(RE) FY11(RE) 1H(A) 2H(RE) FY11(RE) Available Seat Km + 0.0 - 0.6 - 0.3 + 21.5 + 9.9 + 15.3 Revenue Passenger Km - 8.5 + 2.6 - 3.1 + 10.7 + 13.0 + 11.

  26. Slide 26: Cargo Operations Earnings Forecast Assumptions

    FY2011 Earnings Forecast 《Cargo Operations》 Earnings Forecast Assumptions for FY11（vs. FY10） Domestic Cargo International Cargo １H(A) 2H(RE) FY11(RE) １H(A) 2H(RE) FY11(RE) Available Ton km - 3.3 - 3.3 - 3.3 + 21.8 + 16.6 + 19.1 Revenue Ton km + 4.4 + 1.5 + 2.9 + 8.3 + 6.4 + 7.3 Revenue Ton + 4.4 + 1

  27. Slide 27: FY2012 ANA Group Route Network Plan

    Ⅲ．FY2012 ANA Group Route Network Plan ©ANA2012 27

  28. Slide 28: ANA Group Network and Corporate Plan for FY2012

    FY2012 ANA Group Route Network Plan 燃油・為替 ANA Group Network and Corporate Plan for FY2012 (Excluding AirAsia Japan) Domestic Passenger Operations International Passenger Operations International Cargo Operations Strengthen business model Enhance profitability through better Maximize Available Ton Ki

  29. Slide 29: Supplemental Reference

    Ⅳ. Supplemental Reference ©ANA2012 29

  30. Slide 30: Intentionally Blank

    Intentionally Blank ©ANA2012 30

  31. Slide 31: Fuel Price and Exchange Rate

    Supplemental 燃油・為替 Reference Fuel Price and Exchange Rate Market Index and Assumptions 1H(A) 2H(E) Dubai Crude Oil (USD/BBL) 109 105 Kerosene (USD/BBL) 128 125 Exchange Rate (JPY/USD) 80 80 Hedging Ratio (as of Dec, 2011) FY11 FY12 FY13 FY14 FY15 70% Fuel Currency 60% 50% 40% 30% 20% 10% 0% Fuel Hed

  32. Slide 32: International Passenger Results by Destination

    Supplemental Reference International Passenger Results by Destination 1-3Q/FY11 3Q/FY11 Difference Difference Composition Composition North America 27.0 - 0.8 28.1 + 0.5 Europe 19.7 - 2.0 18.5 - 2.5 Passenger China 25.5 - 2.2 25.3 - 0.5 Revenue Asia 22.8 + 3.7 23.1 + 1.8 Resort 5.0 + 1.3 4.9 + 0.7 N

  33. Slide 33: International Cargo Results by Destination

    Supplemental Reference International Cargo Results by Destination 1-3Q/FY11 3Q/FY11 Difference Difference Composition Composition North America 20.9 - 1.3 18.8 - 1.7 Europe 16.1 - 0.2 14.9 - 2.1 Cargo China 36.2 - 1.7 37.0 - 1.7 Revenue Asia 20.2 + 2.5 20.8 + 2.5 Others 6.6 + 0.7 8.4 + 3.0 North Ame

  34. Slide 34: Aircraft in Service

    Supplemental Reference Aircraft in Service Mar,2011 DEC,2011 Change Owned Leased Boeing 747-400 (International) 1 0 -1 0 0 Boeing 747-400 (Domestic) 10 8 -2 8 0 Boeing 777-300ER 19 19 － 16 3 Wide-Body Boeing 777-300 7 7 － 7 0 Boeing 777-200ER 7 7 － 4 3 Boeing 777-200 16 16 － 14 2 Boeing 787-8 0 2 +2

  35. Slide 35: Cautionary Statement

    Cautionary Statement Forward-Looking Statements. This material contains forward-looking statements based on ANA’s current plans, estimates, strategies, assumptions and beliefs. These statements represent the judgments and hypotheses of the Company’s management based on currently available informatio

  36. Slide 36: ANA Group Corporate Philosophy

    ANA Group Corporate Philosophy ANA Group Corporate Philosophy ANA Group Safety Principles － Our Commitments － 安全は経営の基盤であり社会への責務である。 Safety is our promise to the public and is the foundation of On a foundation of security and reliability, our business. 私たちはお互いの理解と信頼の the ANA Group will: Safety is a

  37. Slide 37: Thank you

    Thank you. This material is available on our website. http://www.ana.co.jp Investor Relations Financial Information Presentations Investor Relations, All Nippon Airways Co., Ltd. Phone +81-(0)3-6735-1030 E-Mail: ir@ana.co.jp ©ANA2012 37

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