Kenya Airways Plc · NSEKE:KQ
Kenya Airways — FY2022 Earnings Presentation
25 slides from Kenya Airways's earnings presentation, 2023
Slide 1: 2022 Full Year Results Investor Briefing
2022 FULL YEAR RESULTS INVESTOR BRIEFING
Slide 2: Overview of Global Aviation
Overview of Global Aviation
Slide 3: Kenya Airways Contribution
Kenya Airways Contribution 24,000 70B KSH Direct & indirect jobs Forex contribution Direct employment by KQ is 4,000 jobs, over 20,000 60% of KQ’s turnover is in forex In FY2022. indirect jobs. 250B KSH 30,000 Tons Tourism economic recovery Horticulture, Meat & Garments In 2022, Kenya recorded 1.48
Slide 4: Global Aviation Performance
Global Aviation Performance Pent-up demand for air travel has not been sensitive Cargo revenue remained significantly above 2019 levels in to slowing growth, nor to high inflation. 2022. This is starting to reverse as passenger traffic recovers
Slide 5: Global Economic Environment
Global Economic Environment Fuel Price USD per Barrel USD - KES 123 117 126 113 112 105 118 100 97 93 91 110 90 106 87 84 81 81 101 103 101 102 75 74 74 99 73 71 69 65 65 62 89 88 55 85 86 84 81 79 76 77 72 67 69 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2021 2022 2003 2004 2005 2006 2007 2008
Slide 6: Business Updates
Business Updates
Slide 7: Network Growth
Network Growth Network frequencies grew 27% Mumbai Mauritius Kigali Accra-Freetown Accra-Monrovia London (UK) 3x to 6x weekly 3x to 7x weekly 5x to 11x weekly 3x to 4x weekly 2x to 3x weekly 7x to 14x weekly Guangzhou Amsterdam Paris Johannesburg Antananarivo Zanzibar 1x to 2x weekly 4x to 5x weekly
Slide 8: New Routings
New Routings
Slide 9: Partnerships
Partnerships — ( Leo N ) | Ce AWA | AIRFRANCE 7 Be AFRICA WORLD AIRLINES SOUTH AFRICAN AIRWAYS : a etBlue ginatlanic” q Ji J | virgin atlantic { (— > VY A D E LTA BRITISH AIRWAYS < AIR AUSTRAL ( eS. eN fludubai: oo V aiRBOTSWANA U e& Secor ARNON AIRLINES . ese KLNI
Slide 10: Cargo Performance
Cargo Performance 3% growth in cargo tonnage FY 2022 21,000 tonnes - General Cargo products from the world to Africa 16,000 tonnes - 9,000 tonnes - Fruits and Vegetables to Europe & the Middle Fresh Meat products, fish, and East seafood to the Middle East and Europe 14,000 tonnes - High Tech electro
Slide 11: Achievements
Achievements Drone cage & Drone Club. Training school setup & Agriculture application KenHa road Mapping A first in the region student training on-going
Slide 12: Sport partnerships
Sport partnerships WRC • WRC Safari Rally • Magical Kenya Open • FIA Rally Stars. • MotorSport Ford Rally team. Magical Kenya Open
Slide 13: Slide 13
Slide 14: Business Focus
Business Focus
Slide 15: Operational Highlights
Operational Highlights Available Seat KMs Passenger Numbers Cabin Factor (%) FY 2022 10,303 mil FY 2022 3.7 mil FY 2022 74% FY 2021 5,900 mil FY 2021 2.2 mil FY 2021 61% Var % vs 2021 Var % vs 2021 Var % vs 2021 +75% +68% +13pts Cargo Volumes (Tonnes) Block Hours Turnover (Ksh “000) FY 2022 65,955 F
Slide 16: Financial Highlights
Financial Highlights
Slide 17: Turn Over Trend
Revenue KShs Mil Turn Over Trend 140 000 120 000 100 000 80 000 60 000 40 000 20 000 0 2017 2018 2019 2020 2021 2022
Slide 18: Cost Trend
Total Cost KShs Mil Cost Trend 180 000 160 000 140 000 120 000 100 000 80 000 60 000 40 000 20 000 0 2017 2018 2019 2020 2021 2022
Slide 19: Profit Trend
Loss Before Tax KShs Mil Profit Trend 0 - 5 000 2017 2018 2019 2020 2021 2022 - 10 000 - 15 000 - 20 000 - 25 000 - 30 000 - 35 000 - 40 000 - 45 000
Slide 20: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement
Slide 21: Customer Focus Areas
Customer Focus Areas Customer Excellence Check-in & Boarding On Time Performance Accessibility Experience Phase 1 telephony upgrade Ongoing improvements in the Improvements on efficiencies complete. Resourcing check-in boarding and lounge around arrival and departures improvement ongoing. experience
Slide 22: Innovation
Innovation KQ corporate intrapreneurship program • Employee training on innovation fundamentals. • 5 projects completed to improve customer & employee experience. Sustainability services • Launch of upcycling studio KQ Start-ups collaboration program • Incubator services for 8 start-ups. MyIdea port
Slide 23: Looking Ahead
Looking Ahead Global Economic Environment Air travel traffic to surpass 2019 levels in 2023. Cost reduction initiatives Strong USD Partnership & diversification Volatile Fuel Prices
Slide 24: Journey to Profitability
Journey to Profitability Cost Optimization: Project Kifaru Operating Profit 2022 2023 2024 Operating Loss in 2022 Ksh 5.6B ® Kenya Airways
Slide 25: Thank You
Thank You