Slide 1: Earnings Presentation Q3 FY19
Earnings Presentation Q3 FY19 Oct – Dec 2018 Jan 23rd, 2019 1
Slide 2: Safe harbor
Safe harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward looking statements. This document forms part of the quarterly earnings release and should be view
Slide 3: Overview
Overview
Slide 4: Key highlights
Key highlights • Reported Profit after tax of INR 1,909 million for the quarter ended December 2018 compared to a profit after tax of INR 7,620 million for the same period last year o Profitability was adversely impacted by high fuel prices and currency depreciation • Strengthened our international
Slide 5: Financial Overview
Financial Overview
Slide 6: Financial highlights for the quarter
Financial highlights for the quarter Quarter Ended Particulars (in INR million) Dec’18 Dec'17 Change% ASK (billion) 21.6 16.3 32.9% Total income 82,294 64,090 28.4% RASK (INR) 3.70 3.82 -3.0% Total expenses 80,385 53,374 50.6% CASK (INR) 3.61 3.16 14.5% CASK ex fuel (INR) 2.04 1.92 6.3% EBITDAR 16,8
Slide 7: Revenue breakup for the quarter
Revenue breakup for the quarter Quarter Ended Particulars (in INR million) Dec’18 Dec'17 Change% Revenue from operations 79,162 61,779 28.1% Other income 3,131 2,311 35.5% Total income 82,294 64,090 28.4% ASK (billion) 21.6 16.3 32.9% RPK (billion) 18.4 14.4 28.1% Load factor (%) 85.3% 88.5% -3.2 pt
Slide 8: Cost breakup for the quarter
Cost breakup for the quarter Quarter Ended Particulars (in INR million) Dec’18 Dec'17 Change% Aircraft fuel expenses 34,104 20,160 69.2% Aircraft and engine rentals 13,761 9,442 45.7% Purchase of stock in trade 393 319 23.3% Changes in inventories of stock in trade (10) (13) -27.4% Employee benefits
Slide 9: Cash and Debt
Cash and Debt As of Particulars (in INR million) Dec’18 Dec'17 Change% Free Cash 46,183 80,978 -43.0% Restricted Cash 95,178 57,895 64.4% Total Cash 141,361 138,874 1.8% Debt 24,759 24,326 1.8% 9
Slide 10: Capacity update
Capacity update • For fourth quarter fiscal year 2019, year over year capacity increase in ASKs is expected to be 34% 10
Slide 11: Appendix
Appendix
Slide 12: Fleet breakup
Fleet breakup 31st Dec, 2018 30th Sep, 2018 31st Dec, 2017 208 189 153 • 29 Owned/Finance • 29 Owned/Finance • 20 Owned/ Finance Lease Lease Lease • 179 Operating Lease • 160 Operating Lease • 133 Operating Lease • 66 A320neo • 50 A320neo • 32 A320neo • 127 A320ceo • 127 A320ceo • 118 A320ceo • 1 A3
Slide 13: Definitions and Abbreviations
Definitions and Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer Earnings before finance income and cost, tax, depreciation, am
Slide 14: Thank You
Thank You