Ana Holdings Inc. · TSE:9202

Ana — Q1 FY2015 Earnings Presentation

28 slides from Ana's earnings presentation, Jul 29, 2015

  1. Slide 1: Financial Results for the Three Months ended June 30, 2015

    ANA HOLDINGS INC. Financial Results for the Three Months ended June 30, 2015 Yuji Hirako Senior Vice President and CFO, Member of the Board July 29, 2015 ©ANAHD2015 1

  2. Slide 2: Contents

    Contents Financial Results FY2015 First Quarter Supplemental Reference Highlights of FY2015 First Quarter P. 3 Aircraft in Service P.24 Highlights of Air Transportation Business P. 4 International Passengers Results P.25 Consolidated Financial Summary by Destination Income Statements P. 5 Internatio

  3. Slide 3: Highlights of FY2015 First Quarter

    Highlights of FY2015 First Quarter Highlights of Financial Results FY15 1st Quarter and FY14 Achieved a significant profit increase from the same period last year 【FY15 1st Quarter (Consolidated Results)】  Op. Income ：¥ 16.7Bn （YoY ¥ + 16.3Bn）  Net Income Attributable to Owners of ANA HOLDINGS INC

  4. Slide 4: Highlights of Air Transportation Business

    Highlights of Air Transportation Business Increased profit by growing revenues mainly on passenger business and implementing cost management Operating Revenues Operating Expenses (YoY) ¥+22.0Bn (+6.6%) 360.0 360.0 350.0 350.0 ¥+5.5Bn (+1.6%) ¥357.1Bn 340.0 340.0 ¥341.9Bn 330.0 330.0 ¥335.1Bn ¥336.3B

  5. Slide 5: Consolidated Financial Summary: Income Statements

    Consolidated Financial Summary Income Statements (¥Billion) 1Q/FY14 1Q/FY15 Difference Operating Revenues 386.8 413.8 + 27.0 Operating Expenses 386.4 397.1 + 10.6 Operating Income 0.3 16.7 + 16.3 Op. Margin (%) 0.1 4.0 + 4.0pts Non-Op. Income/Losses - 2.8 - 0.8 + 2.0 Ordinary Income - 2.5 15.9 + 18.

  6. Slide 6: Consolidated Financial Position

    Consolidated Financial Summary Consolidated Financial Position (¥Billion) Mar 31, 2015 Jun 30, 2015 Difference Assets 2,302.4 2,283.1 - 19.2 Shareholders' Equity 798.2 813.7 + 15.4 Ratio of Shareholders' Equity (%) 34.7 35.6 + 1.0pts Interest Bearing Debts 819.8 797.2 - 22.6 Debt/Equity Ratio (times

  7. Slide 7: Consolidated Statements of Cash Flow

    Consolidated Financial Summary Consolidated Statements of Cash Flow (¥Billion) 1Q/FY14 1Q/FY15 Difference Cash Flow from Operating Activities 49.0 77.6 + 28.5 Cash Flow from Investing Activities - 29.7 9.0 + 38.8 Cash Flow from Financing Activities 11.3 - 39.7 - 51.1 Net Increase/Decrease in Cash an

  8. Slide 8: Results by Segment

    Consolidated Financial Summary Results by Segment (¥Billion) 1Q/FY14 1Q/FY15 Difference Air Transportation 335.1 357.1 + 22.0 Airline Related 53.6 57.8 + 4.2 Travel Services 36.7 36.3 - 0.4 Trade and Retail 30.0 35.2 + 5.2 Revenues Total for Reporting Segments 455.5 486.5 + 31.0 Others 7.5 7.9 + 0.4

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

    Air Transportation Business Operating Revenues and Expenses 1Q/FY14 1Q/FY15 Difference (¥Billion) Domestic Passenger 148.3 152.3 + 3.9 International Passenger 109.2 119.3 + 10.0 Operating Cargo and Mail 39.2 38.7 - 0.5 Revenues Others 38.2 46.7 + 8.4 Total 335.1 357.1 + 22.0 Fuel and Fuel Tax 89.9 7

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

    Air Transportation Business ・Revenues from contracted maintenance and handling ･Depreciation and Amortization except aircraft Changes in Op. Income ・Mileage/Card ･Maintenance, etc. ・LCC Business, etc. (¥Billion） ･Commission Other Revenues Other Expenses ･Advertisement ･In-flight service ･Ground hand

  11. Slide 11: Domestic Passenger Operations

    Air Transportation Business Domestic Passenger Operations 1Q/FY14 1Q/FY15 % Y/Y (Not including Vanilla Air) Available Seat Km (million) 14,839 14,464 - 2.5 Revenue Passenger Km (million) 8,788 8,851 + 0.7 Passengers (thousands) 9,970 9,911 - 0.6 Load Factor (%) 59.2 61.2 + 2.0pts* Passenger Revenues

  12. Slide 12: Trends in Domestic Passenger Operations

    Air Transportation Business Trends in Domestic Passenger Operations (Not including Vanilla Air) FY15 1Q Revenue Change Factors Trends of ASK, Revenues and Load Factor Increased revenues by pricing management Improved Load Factor with controlling ASK strategically by optimizing demand and supply Le

  13. Slide 13: International Passenger Operations

    Air Transportation Business International Passenger Operations 1Q/FY14 1Q/FY15 % Y/Y (Not including Vanilla Air) Available Seat Km (million) 12,273 12,601 + 2.7 Revenue Passenger Km (million) 8,471 9,194 + 8.5 Passengers (thousands) 1,689 1,910 + 13.1 Load Factor (%) 69.0 73.0 + 3.9pts* Passenger Re

  14. Slide 14: Trends in International Passenger Operations

    Air Transportation Business Trends in International Passenger Operations (Not including Vanilla Air) FY15 1Q Revenue Change Factors Trends of ASK, RPK and Yield Increased revenues significantly Maintained yield level firmly by capturing broad demand while fuel surcharge revenues declined Index：FY1

  15. Slide 15: Trends in International Passenger Operations by Destination

    Air Transportation Business Trends in International Passenger Operations (Not including Vanilla Air) Trends of ASK and RPK by Destination (Index FY13 1Q=100) ：ASK ：RPK 160 North America 160 China 140 140 120 120 100 100 80 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY13 FY14 FY15 FY13

  16. Slide 16: Domestic Cargo Operations

    Air Transportation Business Domestic Cargo Operations 1Q/FY14 1Q/FY15 % Y/Y Available Ton Km (million) 462 441 - 4.6 Revenue Ton Km (million) 111 106 - 5.0 Revenue Ton (thousand tons) 110 104 - 5.1 Load Factor (%) 24.2 24.1 - 0.1pts* Cargo Revenues (¥Billion) 7.6 7.2 - 5.4 Unit Revenue (¥/ATK) 16.6

  17. Slide 17: International Cargo Operations

    Air Transportation Business International Cargo Operations 1Q/FY14 1Q/FY15 % Y/Y Available Ton Km (million) 1,343 1,420 + 5.7 Revenue Ton Km (million) 891 828 - 7.1 Revenue Ton (thousand tons) 212 191 - 9.8 International Load Factor (%) 66.4 58.3 - 8.0pts* Cargo Cargo Revenues (¥Billion) 29.3 28.8 -

  18. Slide 18: Trends in International Cargo Operations

    Air Transportation Business Trends in International Cargo Operations FY15 1Q Revenue Change Factors Trends of Traffic Results and Unit Price Decreased revenues due to weight factors Improved unit price by fare raise in addition to Yen depreciation (% YoY) * Japan Aircargo Forwarders Association Ma

  19. Slide 19: LCC Operations

    Air Transportation Business LCC Operations Domestic and International 1Q/FY14 1Q/FY15 % Y/Y Passenger Operations in Total Available Seat Km (million) 495 796 + 60.8 Revenue Passenger Km (million) 296 668 + 125.6 Passengers (thousands) 198 392 + 98.0 Load Factor (%) 59.7 83.8 + 24.1pts* *Difference L

  20. Slide 20: Other Segments excluding Air Transportation Business

    Other Segments excluding Air Transportation Business Results by Segment Airline Related Travel Services (¥Billion) 1Q/FY14 1Q/FY15 Difference 1Q/FY14 1Q/FY15 Difference Revenues 53.6 57.8 + 4.2 36.7 36.3 - 0.4 Op. Income 2.7 1.9 - 0.8 0.7 0.5 - 0.2 Depreciation and Amortization 1.0 1.2 + 0.2 0.0 0.0

  21. Slide 21: Status of Fuel and Currency Hedging

    Status of Fuel and Currency Hedging Fuel Hedge ≪FY2015 Earnings Forecast Assumptions≫ Dubai Crude Oil：US$67/bbl, Kerosene：US$85/bbl (Not including hedge impact) 100% Fuel Cost Hedge Ratio(as of June 30, 2015) US$1 change 80% 70% per barrel 60% Non hedge 35% impact of 40% oil price 20% 15% ¥3.2Bn 5%

  22. Slide 22: Intentionally Blank

    Intentionally Blank ©ANAHD2015 22

  23. Slide 23: Supplemental Reference

    Supplemental Reference ©ANAHD2015 23

  24. Slide 24: Aircraft in Service

    Supplemental Reference Aircraft in Service Mar 31, 2015 Jun 30, 2015 Change Owned Leased Boeing 777-300ER 20 22 +2 19 3 Boeing 777-300 7 7 － 7 0 Boeing 777-200ER 12 12 － 6 6 Boeing 777-200 16 16 － 14 2 Boeing 787-9 2 4 +2 4 0 Boeing 787-8 32 33 +1 31 2 Boeing 767-300ER 26 25 -1 10 15 Boeing 767-300

  25. Slide 25: International Passenger Results by Destination 1Q/FY15

    Supplemental Reference International Passenger Results by Destination 1Q/FY15 Difference Composition North America 32.2 - 1.1 Europe 19.4 - 1.3 Revenues China 17.2 + 2.5 Asia 27.9 + 0.2 Resort 3.2 - 0.3 North America 35.9 + 0.9 Europe 19.2 - 1.3 ASK China 11.5 + 0.3 Asia 29.6 + 0.2 Resort 3.8 - 0.1

  26. Slide 26: International Cargo Results by Destination 1Q/FY15

    Supplemental Reference International Cargo Results by Destination 1Q/FY15 Difference Composition North America 25.9 + 4.4 Europe 13.5 - 1.5 Revenues China 32.6 - 1.9 Asia 22.1 + 0.2 Others 5.9 - 1.3 North America 35.7 + 0.5 Europe 19.0 - 2.1 ATK China 17.3 + 0.9 Asia 23.9 + 0.5 Others 4.2 + 0.2 Nort

  27. Slide 27: ANA Group Corporate Philosophy

    ANA Group Corporate Philosophy Mission Statement ANA Group Safety Principles  Safety is our promise to the public and Built on a foundation of security and trust, is the foundation of our business “the wings within ourselves”  Safety is assured by an integrated help to fulfill the hopes management

  28. Slide 28: Cautionary Statement

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

ANA Holdings — Q1 FY2015 Earnings Presentation on 6ix