Norwegian Air Shuttle Asa · OSL:NAS
Norwegian Air Shuttle Asa — Debt Investor Presentation (October 2020)
8 slides from Norwegian Air Shuttle Asa's debt investor presentation, Oct 15, 2020
Slide 1: Update to the bondholders
Update to the bondholders 15. October 2020 CFO Geir Karlsen EVP Corporate Development Tore Østby
Slide 2: Norwegian is fundamentally improving its long-term business model
Norwegian is fundamentally improving its long-term business model Finance Business Organisation Norwegian has through the restructuring Fleet size adapted to a new reality, with New board, management and new improved the balance sheet with NOK 23 billion and is planning further improvements the aim
Slide 3: Significantly strengthen the balance sheet and liquidity with a total of NOK 23 bn improvements
Significantly strengthen the balance sheet and liquidity with a total of NOK 23 bn improvements ACTIONS COMPLETED IN H1 2020 ACHIEVED END OF H1 ACTIONS AFTER H1 Lease rates on average reduced with 20% Lower lease Waived lease-payments of NOK NOK 3.7 bn total impact on equity Equity improved by Bonds
Slide 4: Building a strong foundation to return to the skies
Building a strong foundation to return to the skies 1 2 3 4 Proud employees Strong brand Unique low-cost model Loyal customers Cornerstone for the air Valuable and unique High quality, efficient and at Great support through operations in the Nordic Norwegian brand in an low cost - We have made it no
Slide 5: Ongoing transformation: well on its way to being profitable when customers return
Norwegian is already well on its way to taking major steps to be a profitable company when customers return ✓ New board and group ✓ Laid down over 70 routes, ✓ Implemented cost ✓ New IT platform for ✓ Established new management with broad more bases and sold 24 program that reduced revenue optimizat
Slide 6: Norwegian has achieved one of the lowest airline cash burn during the COVID-19 crisis
Norwegian has achieved one of the lowest airline cash burn during the COVID-19 crisis Monthly Cash Burn per A/C $3.50m $3.00m $2.50m $2.00m $1.50m $1.00m $0.50m $0.00m 1. Average monthly cash burn rates for Ryanair, AFKLM, IAG, SAS & Icelandair were calculated by dividing Net Operating Cash Flow for
Slide 7: Norwegian must survive an extended COVID-19 crisis and handle critical measures
Norwegian must survive an extended COVID-19 crisis and handle a number of critical measures to be able to return to profitability in 2022 Handling of critical measures Fleet reduction: Norwegian must reduce a significant part of its 787 Long-Haul aircraft fleet Supplier debt: Supplier debt to be han
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