Aeroflot · RUS:AFLT
Aeroflot — 9M 2024 Earnings Presentation
27 slides from Aeroflot's earnings presentation, Nov 29, 2024
Slide 1: Aeroflot Group Q3 & 9M 2024 IFRS Results
Aeroflot Group Q3 & 9M 2024 IFRS Results 1 November 29th, 2024
Slide 2: Disclaimer
Q3 & 9M 2023 IFRS Results | Market Update and2024 Q3 & 9M Operating Results IFRS Results 2 Disclaimer This document has been prepared by PJSC “Aeroflot” (the “Company”). By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following. This d
Slide 3: Aeroflot Group 9M 2024 Key Highlights
Q3 & 9M 2024 IFRS Results | Key Highlights 3 Aeroflot Group 9M 2024 Key Highlights Aeroflot Group continues to improve operating and financial results Double-digit PAX growth Maximum in domestic passenger traffic Record high passenger load factor 33.0 +18.7% 22.4% 77.6% +14.0% 25.8 28.7 28.9 +2.2 p.
Slide 4: Market Update and Operating Results
Market Update and Operating Results
Slide 5: Russian Air Transportation Market
Q3 & 9M 2024 IFRS Results | Market Update and Operating Results 5 Russian Air Transportation Market 42.3% Russian Air Transportation Market Share, 9M 24, % Russian Air Transportation Market vs Aeroflot Group, Aeroflot Group million PAX, incl. PAX of Russian and foreign carriers and intl. transit PAX
Slide 6: Russian Air Transportation Market vs Aeroflot Group Dynamics
Q3 & 9M 2024 IFRS Results | Market Update and Operating Results 6 Russian Air Transportation Market vs Aeroflot Group Dynamics Aeroflot Group is the Domestic routes, million PAX International routes, million PAX incl. PAX of Russian and foreign carriers and intl. transit PAX key drive of market grow
Slide 7: Passenger traffic & PLF growth
Q3 & 9M 2024 IFRS Results | Market Update and Operating Results 7 7 Passenger traffic & PLF growth Monthly passenger traffic outperforming last year figures High passenger load factor million PAX 42.5 million +18.7% 89.8% +2.2 p.p. PAX 9M 24 vs. 9M 23 9M 24 vs. 9M 23 5.8 5.9 93.6% 92.5% 91.1% 5.3 90
Slide 8: Domestic segment International segment
Q3 & 9M 2024 IFRS Results | Market Update and Operating Results 8 8 Domestic segment International segment Passenger traffic Passenger load factor Passenger traffic Passenger load factor 33.0 million PAX 91.6% 9.5 million PAX 86.7% +14.0% vs. 9M 2023 +1.8 p.p. vs. 9M 2023 +38.3% vs. 9M 2023 +3.9 p.p
Slide 9: Airlines of Aeroflot Group – traffic dynamics
Q3 & 9M 2024 IFRS Results | Market Update and Operating Results 9 Airlines of Aeroflot Group – traffic dynamics y-o-y dynamics % Aeroflot Group passenger traffic structure 9M 24 Premium product Simplified product line Basic-level product • Classes: business, • Classes: business, • Economy class 54.7
Slide 10: Network and Schedule Overview
Network and Schedule Overview
Slide 11: Capacity Growth
Q3 & 9M 2024 IFRS Results | Network 11 11 Capacity Growth 9M 2024 Key Highlights 284 routes of the Group’s airlines Aeroflot Group Available Seats, million y-o-y dynamics 12.5% 63 cities in Russia 10.3% 22.3% 17.0% 13.2% 33.6% 18.9% 12.1% 43.3% Frequency growth in key 18.5 14.5 15.7 destinations and
Slide 12: Continued growth in regions 9M 2024
Q3 & 9M 2024 IFRS Results | Network 12 Continued growth in regions 9M 2024 Novy Urengoy Yakutsk Surgut Khanty-Mansiysk Mirny Magadan Krasnoyarsk hub Tyumen Irkutsk Direct international flights Vladivostok Ekaterinburg Krasnoyarsk Kazan Novosibirsk Neryungri from Russian regions Mineralnye Vody Irkut
Slide 13: International Market Growth
Q3 & 9M 2024 IFRS Results | Network 13 13 International Market Growth 9M 2024 key highlights Aeroflot Group international flights geography1 International flight program on available routes Azerbaijan Egypt Kyrgyzstan Maldives Turkey Armenia India China UAE Uzbekistan Increasing frequencies and capa
Slide 14: Scheduled Revenue Units
Q3 & 9M 2024 IFRS Results | Network 14 Scheduled Revenue Units Positive macroeconomic environment supports scheduled yield growth and the record high passenger load factor Scheduled Yield (RUB/RPK) Scheduled RASK (RUB/ASK) Segment y-o-y dynamics, % y-o-y dynamics, % 5.88 6.19 5.81 6.09 5.54 5.28 5.0
Slide 15: Fleet Overview
Fleet Overview
Slide 16: Fleet Overview
Q3 & 9M 2024 IFRS Results Q3 & 9M| Market 2024 Update IFRS Results and Operating | Fleet Overview Results 16 16 Fleet Overview number of aircraft as at the end of reporting period Wide-body (long-haul) 59 A-330 12 A-350 7 B-777 32 B-747 8 349 aircraft 83 aircraft 185 aircraft Legally settled with de
Slide 17: Financial performance
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Slide 18: Key Financial Highlights
Q3 & 9M 2024 IFRS Results | Financial performance 18 Key Financial Highlights Aircraft insurance settlement effect in net income, billion ₽ Q3 23 Q3 24 Change Indicator (million RUB) 9M 23 9M 24 Change 40.9 40.9 0.0 8.8 188,928 259,342 37.3% Revenue 441,104 636,557 44.3% Effect on net profit: RUB 4.
Slide 19: Revenue Dynamics
Q3 & 9MQ3 2024 & 9M IFRS 2024 Results IFRS Results | Financial | Key performance Highlights 19 19 Revenue Dynamics Revenues are growing due to improved operating performance and increased transportation in the scheduled segment. Revenue by Key Factors, RUB million Revenue by Business Segments, RUB m
Slide 20: Operating Costs
Q3 & 9M 2024 IFRS Results | Financial performance 20 Operating Costs Q3 2023 Q3 2024 Change Indicator (million RUB) 9М 2023 9М 2024 Change 65,637 89,954 37.0% Fuel 155,684 229,620 47.5% OPEX structure 9М 20242 19.7% 15.4% 49,800 156,108 3.1 х OPEX (ex. Fuel) 214,860 324,474 51.0% Aircraft & D&A pass
Slide 21: Unit Costs Dynamics
Q3 & 9M 2024 IFRS Results | Financial performance 21 Unit Costs Dynamics Unit Costs Dynamics 1.52 1.83 20.1% Fuel 1.48 1.81 22.7% 1.16 3.17 2.7 Cask (ex. Fuel): 2.04 2.56 25.6% 0.79 0.85 7.8% Aircraft and passenger servicing 0.78 0.86 9.5% Operating costs per ASK increased by 8.3% 0.80 0.58 -28.3% D
Slide 22: Fuel Costs Management
Q3 & 9M 2024 IFRS Results | Financial performance 22 Fuel Costs Management Fuel price, Aeroflot Airlines, RUB thousand / tonne Fuel damper Fuel price, monthly Fuel volume, Aeroflot, thousand (right hand scale) 2021 2022 2023 2024 Cut-off price, RUB thousand / tonne 90.0 84.4 FAS export price, RUB th
Slide 23: Leverage and Liquidity
Q3 & 9M 2024 IFRS Results | Financial performance 23 Leverage and Liquidity In July 2024, Rating agency ACRA assigned Aeroflot with AA(RU) credit rating stable outlook. AA(RU) ruAA Debt Profile*, Liquidity 26.3% RUB billion 31-Dec-23 30-Sep-24 Change, % 285.8 Borrowings1 104.4 59.3 -33.6% 226.4 109.
Slide 24: Appendix
Appendix
Slide 25: Indicator Aeroflot Group Aeroflot Airlines
Q3 &Q3 9M&2024 9M 2024 IFRSIFRS Results Results | Key|Highlights Appendix 25 25 Indicator Aeroflot Airlines Aeroflot Group Q3 2024 YoY 9M 2024 YoY Q3 2024 YoY 9M 2024 YoY Passenger Traffic PAX thousand 9,296 15.8% 23,270 22.8% 17,097 14.8% 42,511 18.7% international routes PAX thousand 2,459 19.1% 6
Slide 26: Aeroflot Group Blended Flights Revenue Units
Q3 & 9M 2024 IFRS Results | Appendix 26 Aeroflot Group Blended Flights Revenue Units Yield, (RUB/RPK) RASK, (RUB/ASK) Segment y-o-y dynamics, % y-o-y dynamics, % 5.84 6.22 5.77 6.08 5.56 5.27 5.03 4.78 International 6.5% 5.4% 10.5% 10.3% 4.15 5.08 3.95 4.84 4.75 4.43 3.82 3.54 Domestic 22.4% 22.7% 2
Slide 27: Contacts
Contacts +7 (495) 258-06-86 ir@aeroflot.ru