Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — H1 FY2020 Earnings Presentation
16 slides from Alliance Aviation Services's earnings presentation, Feb 5, 2020
Slide 1: Alliance Aviation Services Limited Results Presentation
Alliance Aviation Services Limited Results Presentation 5 February 2020
Slide 2: Contents
Contents 03. KEY MESSAGES 04. FIVE REVENUE STREAMS 05. FINANCIAL SUMMARY 11. STABLE CONTRACT CLIENT BASE 12. COMMODITY/SECTOR EXPOSURE 13. FOOTPRINT 14. OPERATIONAL EXCELLENCE 15. OUTLOOK 16. DISCLAIMER Alliance Aviation Services Limited 2020 Half Year Results Presentation 2
Slide 3: Key Messages
Key Messages $15.5m profit Alliance Aviation Services Limited announces a half before tax, up 10% Revenue from operations year result which includes: of $151.3m, up 9.8% • Strong revenue growth; • The largest first half profit result in the Interim dividend of 7.3 cents per share Company’s history;
Slide 4: Five Revenue Streams
Contract Wet Five Revenue Lease Revenue RPT Charter Aviation Streams Revenue Revenue Services 1 2 3 4 5 Contract and charter revenue experience Contract Revenue Wet Lease RPT Revenue Charter Revenue Aviation Services substantial growth in the Long-term contract Operating Alliance aircraft Regular pu
Slide 5: Financial Summary
FINANCIAL SUMMARY For the half year ended 31 December 2019 5
Slide 6: Financial Statements
Financial Detail 31 December 2019 31 December 2018 Aircraft in service* 40 38 Statements Flight Hours – contracted 11,240 9,596 Alliance consistently delivers strong Flight Hours – wet lease 4,547 6,683 operational and financial metrics. Flight Hours – RPT 2,634 2,611 Flight Hours – charter 931 507
Slide 7: Income Statement
1H FY20 1H FY19 ($ in millions) % PCP Change Actual Actual Revenue Income Contract revenue Wet lease revenue 94.8 17.5 80.8 26.6 17% (34%) Statement Charter revenue RPT revenue 10.6 21.8 4.6 21.3 130% 2% Observations: Aviation services 6.0 3.9 53% • Contract revenue has increased due to a mixture of
Slide 8: Statement of Financial Position
31 December 20 30 June 19 ($ in millions) % PCP Change Actual Actual Cash 12.1 9.6 26% Receivables 41.2 40.0 3% Statement of Inventory Total current assets 57.3 110.6 49.0 98.6 17% 12% Financial Position PP&E & Intangibles Right of use assets 214.5 8.3 202.9 - 6% - Observations: Total non-current as
Slide 9: Cash Flow Statement
31 December 31 December ($ in millions) 2019 2018 Actual Actual Receipts from customers (inclusive of GST) 159.8 151.0 Cash Flow Payments to suppliers (inclusive of GST) Net interest paid (144.1) (1.1) (127.4) (1.3) Statement Income tax paid - - Observations: Net cash inflow from operating activitie
Slide 10: Capital Expenditure
1H FY2020 2H FY2020 FY2020 ($ in millions) Actual Forecast Forecast Existing fleet maintenance Cash outflows Capital Base maintenance providers Engine care program 5.9 8.9 3.0 6.9 8.9 15.8 Expenditure Other miscellaneous Operating costs capitalised 0.5 1.5 0.5 1.0 1.0 2.5 Observations: Total cash ou
Slide 11: Stable Contract Client Base
Stable Contract Client Base Previous Contract Contract Client Terms Current Contract Alliance Aviation Services Limited 2020 Half Year Results Presentation 11
Slide 12: Commodity/Sector Exposure
Commodity/ Sector Exposure Forecast major commodity/sector exposure by the top 15 contracts. Alliance Aviation Services Limited 2020 Half Year Results Presentation 12
Slide 13: Footprint
Darwin Footprint - Crew - Line Maintenance - Operational base - Offices Cairns - Crew - Line Maintenance - Operational base - Offices Townsville - Hangar - Crew - Line Maintenance - Operational base - Offices Rockhampton - Crew - Line Maintenance - Operational base - Offices Brisbane - Hangar - Majo
Slide 14: Operational Excellence
Forecast Fleet – June 2020 Safety Certifications Operational Excellence F100 – 100 Seat Jet Aircraft No. in fleet - 24 Wyvern Wingman certification 95% O T Renewing IOSA F70 – 80 Seat Jet Aircraft P certification in FY20 No. in fleet - 13 Alliance Airlines consistently achieved 95% on time performan
Slide 15: Outlook
Alliance retains a positive outlook for the 2020 financial year based on a strong first half and opportunities for growth and improvements in the second half. Outlook Contract revenue is expected to increase as existing mining and resource sector clients Aviation services will continue to contribute
Slide 16: Disclaimer
Disclaimer Reliance on third party information This presentation was prepared by Alliance Aviation Services Limited (ACN 153 361 525) (“Alliance”). This presentation may contain information that has been derived from publicly available sources that have not been independently verified. No representa
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