Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q1 FY2007-08 Earnings Presentation
17 slides from Singapore Airlines's earnings presentation, August 2007
Slide 1: SIA Group Financial Results for 1st Quarter FY2007-08
SIA GROUP FINANCIAL RESULTS For 1st Quarter FY2007-08 Ended 30 Jun 2007 197200078R
Slide 2: SIA Group Q1 2007-08
SIA GROUP Q1 2007-08 Q1 2007-08 Q1 2006-07 Better/(Worse) ($M) ($M) (%) Total Revenue 3,622.1 3,421.0 5.9 Total Expenditure (3,158.8) (3,147.2) (0.4) Operating Profit 463.3 273.8 69.2 Operating Profit 12.8 8.0 4.8 pts Margin (%) Slide 2
Slide 3: SIA Group Q1 2007-08
SIA GROUP Q1 2007-08 Q1 2007-08 Q1 2006-07 Better/(Worse) ($M) ($M) (%) Total Revenue 3,622.1 3,421.0 5.9 Total Expenditure (3,158.8) (3,147.2) (0.4) Operating Profit 463.3 273.8 69.2 Non-Operating Items 93.3 162.5 (42.6) Exceptional Items - 223.3 n.m. Profit Attributable to 424.1 575.1 (26.3) Equit
Slide 4: Contribution To Group Operating Profit
SIA GROUP Q1 2007-08 Contribution To Group Operating Profit % 110 Others 3.4% (+0.2 pt) 100 3.2% SIAEC 6.3% (-5.8 pts) 90 12.1% 9.9% (-7.5 pts) 80 SATS 17.4% 70 60 82.8% 50 (+13.6 pts) 69.2% SIA 40 30 20 10 0 -1.9% -2.4% (-0.5 pt) -10 Q1 2006-07 SIA Cargo Q1 2007-08 Slide 4
Slide 5: Parent Airline Company Q1 2007-08
PARENT AIRLINE COMPANY Q1 2007-08 Q1 2007-08 Q1 2006-07 Better/(Worse) ($M) ($M) (%) Total Revenue 2,892.9 2,650.3 9.2 Total Expenditure (2,509.2) (2,460.8) (2.0) Operating Profit 383.7 189.5 102.5 Operating Profit 13.3 7.2 6.1 pts Margin (%) Slide 5
Slide 6: Operating Statistics
PARENT AIRLINE COMPANY Q1 2007-08 Operating Statistics Q1 2007-08 Q1 2006-07 Change ($M) ($M) (%) Available Seat-KM (M) 27,634.1 28,044.9 - 1.5 Revenue Passenger-KM (M) 21,816.5 21,192.2 + 2.9 Passenger Load Factor (%) 78.9 75.6 + 3.3 pts Slide 6
Slide 7: Operating Statistics
PARENT AIRLINE COMPANY Q1 2007-08 Operating Statistics Q1 2007-08 Q1 2006-07 Change ($M) ($M) (%) Passenger Yield - include 11.5 10.6 + 8.5 fuel surcharge (¢/pkm) Passenger Unit Cost (¢/ask) 8.0 7.5 + 6.7 Passenger Breakeven Load 69.6 70.8 - 1.2 pts Factor (%) Passenger Load Factor 9.3 4.8 + 4.5 pts
Slide 8: Cost Composition
PARENT AIRLINE COMPANY Q1 2007-08 Cost Composition Others 21.2% (-0.5 pt) Fuel 37.1% (-2.4 pts) Handling Charges 7.5% (-0.1 pt) AMO 8.1% (+1.0 pt) Staff Depreciation & 15.7% (+1.9 pts) Lease Rentals 10.4% (+0.1 pt) Slide 8
Slide 9: Top Expenditure Breakdown
PARENT AIRLINE COMPANY Q1 2007-08 Top 5 Expenditure Breakdown 931.5 (-4.1%) Fuel 971.2 394.5 (+16.5%) Staff 338.5 Depreciation & 260.4 (+2.4%) Q1 2007-08 Lease Rentals 254.2 Q1 2006-07 202.0 (+15.7%) AMO 174.6 189.2 (+1.0%) Handling Charges 187.4 $M 0 200 400 600 800 1,000 1,200 Slide 9
Slide 10: Fuel Price Before Hedging
PARENT AIRLINE COMPANY Q1 2007-08 Fuel Price Before Hedging USD/bbl 100 86.6 84.7 90 80 71.2 70 60 50 40 46.1 30 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY 04-05 FY 05-06 FY 06-07 FY 07-08 Slide 10
Slide 11: Passenger Unit Cost
PARENT AIRLINE COMPANY Q1 2007-08 Passenger Unit Cost ¢/ask 9 8.0 (+6.7%) 7.5 8 7 6 5 4 3 2 1 0 Q1 2006-07 Q1 2007-08 Slide 11
Slide 12: Passenger Unit Cost
PARENT AIRLINE COMPANY Q1 2007-08 Passenger Unit Cost ¢/ask 9 8.0 (+6.7%) 7.5 8 7 3.4 6 Unit Fuel Cost (-2.9%) 3.5 5 1.4 4 Unit Staff Cost (+16.7%) 1.2 3 3.2 2 2.8 Unit Other Costs (+14.3%) 1 0 Q1 2006-07 Q1 2007-08 Slide 12
Slide 13: PSB KPIs Passenger Load Factor
PARENT AIRLINE COMPANY Q1 2007-08 PSB KPIs Passenger Load Factor % 86 PLF 84 PLF - MAA 82 80.7 81.2 80.1 80 79.4 78 79.2 78.9 78.2 76 77.2 74 75.6 72 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 FY 06-07 FY 07-08 Slide 13
Slide 14: PSB KPIs Operating Profit Margin
PARENT AIRLINE COMPANY Q1 2007-08 PSB KPIs Operating Profit Margin % 16 OPM 14 OPM - MAA 13.3 11.9 12 10.5 10 10.5 8 9.1 6.3 6 7.2 7.4 6.5 4 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 FY 06-07 FY 07-08 Slide 14
Slide 15: PSB KPIs Group Return on Shareholders' Fund (including exceptional items)
SIA GROUP Q1 2007-08 PSB KPIs Group Return on Shareholders’ Fund (including exceptional items) % 22 ROSF - Annualised 20 18.3 ROSF - MAA 16.9 18 16 16.7 13.3 14 14.9 11.5 12 12.7 10 11.0 8 8.4 6 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 FY 06-07 FY 07-08 Slide 15
Slide 16: PSB KPIs Group Return on Shareholders' Fund (excluding exceptional items)
SIA GROUP Q1 2007-08 PSB KPIs Group Return on Shareholders’ Fund (excluding exceptional items) % 16 ROSF - Annualised 15 ROSF - MAA 14 13 12.0 11.5 11.5 12 11 9.9 10 10.6 10.3 10.5 9 9.7 8 8.6 7 6 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter 1 FY 06-07 FY 07-08 Slide 16
Slide 17: Thank You
Singapore Airlines — Q1 FY2007-08 Earnings Presentation on 6ix