Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — H1 FY2025 Earnings Presentation
25 slides from Alliance Aviation Services's earnings presentation, Feb 13, 2025
Slide 1: Correction of previous announcement – HY25 Results Presentation
Alliance Aviation Services Limited ACN 153 361 525 | ABN 96 153 361 525 PO Box 1126, Eagle Farm QLD 4009 T +61 7 3212 1212 | F +61 7 3212 1522 www.allianceairlines.com.au 13th February 2025 ASX Release Alliance Aviation Services Limited (“Alliance”) (ASX: AQZ) Correction of previous announcement – H
Slide 2: About Alliance
Page 2 About Alliance Alliance is Australasia’s leading provider of contract, charter and allied aviation and maintenance services currently employing more than 1,400 staff. The Company provides essential services to mining, energy, and government sectors as well as wet lease services for other airl
Slide 3: Results Presentation – Half Year Ended 31 December 2024
For personal use only RESULTS PRESENTATION - For The Half Year Ended - 31 December 2024 Alliance Aviation Services Limited
Slide 4: 1H25 Highlights
1H25 HIGHLIGHTS Strong Revenue and Profit before tax result along with record EBITDA and flight hours For personal use only $338.9m $101.2m $41.3m Total Revenue & Income EBITDA Profit Before Tax $27.2m 58,362 76 Operating Cashflow Flight Hours Aircraft in (before aircraft acquisitions Service classi
Slide 5: Revenue Streams
REVENUE STREAMS 98% of flights operated by Alliance in 1H25 were operated under long term contracts. For personal use only CONTRACT WET LEASE AD HOC AVIATION CHARTER (FIFO) CHARTER SERVICES Flights operated on behalf of Providing flight services to major Short-term flying contracts Alliance provides
Slide 6: Operational Metrics
OPERATIONAL METRICS Alliance continues to realise increased economic benefits of its capital expansion programme. Increases in both activity and asset utilisation has been the key profitability driver in 1H25. For personal use only 31 Dec 2024 31 Dec 2023 Contract Revenue as a % of Total Revenue & I
Slide 7: Industrial Relations
Industrial Relations Alliance Airlines has invested, and continues to invest, significant management time into Enterprise Agreement (EA) negotiations across For personal use only multiple disciplines. Enterprise Agreement Update • Brisbane Engineers • Agreement reached and approved by FWC in Decembe
Slide 8: Financial Summary
For personal use only FINANCIAL SUMMARY For the Half Year Ended 31 December 2024 Investor Presentation – February 2025
Slide 9: Income Statement
31 Dec 2024 31 Dec 2023 %PCP INCOME STATEMENT $Million Actual Actual Change Revenue Observations: Contract Revenue 153.6 154.7 (1%) For personal use only Charter Revenue 7.2 8.1 (13%) • Contract revenue decreased by 1% with BHP Nickel West’s initial Wet Lease Revenue 160.1 127.6 25% decrease in flyi
Slide 10: Statement of Financial Position
31 Dec 2024 30 Jun 2024 %PCP $Million Actual Actual Change STATEMENT OF Cash 19.6 31.2 FINANCIAL POSITION Receivables 84.9 78.3 For personal use only Inventory 167.7 143.6 Total Current Assets 272.2 253.1 8% Observations: PP&E & Intangibles 823.0 719.6 Right of Use Assets 35.8 26.1 • Strong increase
Slide 11: Cash Flow Statement
31 Dec 2024 31 Dec 2023 $Million Actual Actual CASH FLOW Receipts from customers (Inclusive of GST) 393.8 326.5 Payments to suppliers (inclusive of GST) (396.7) (306.9) STATEMENT Interest received 0.2 0.4 For personal use only Interest paid (12.3) (8.0) Observations: Income tax (paid)/refunded (0.1)
Slide 12: Capital Expenditure
1H25 2H25 Full Year CAPITAL $Million Actual Forecast FY2025 Existing fleet maintenance EXPENDITURE Cash outflows For personal use only Base maintenance providers 19.5 15.2 34.7 Engine care program 12.0 7.3 19.3 Observations: Other miscellaneous 3.8 0.7 4.5 Operating costs capitalised 2.5 1.4 3.9 • 1
Slide 13: Approved Debt Funding Facilities
APPROVED DEBT FUNDING FACILITIES For personal use only Observations: • In August 2024, the Group increased debt facilities by $100.0 million with ANZ and $50.0 million with Pricoa. As at December 2024 the Group had drawn down $111.7 million of this additional funding. • The current E190 acquisition
Slide 14: Driving Growth
For personal use only DRIVING GROWTH For the Half Year Ended 31 December 2024 Investor Presentation – February 2025
Slide 15: Continuing E190 Fleet Expansion
CONTINUING E190 FLEET EXPANSION The Company continues to add aircraft into the fleet at the earliest available opportunity. 100 This is forecast to accelerate in FY2025 and FY2026 as additional E190s are acquired. For personal use only 86 79 80 Fleet Acquisition - update Aircraft in service3: 72 68
Slide 16: Strategy & Outlook
STRATEGY & OUTLOOK The outlook for 2025 remains strong with additional aircraft due for deployment on wet lease services and stable contract charter operations. For personal use only Focus will continue to be on cost management and margin growth. Operational staffing levels have reached optimal leve
Slide 17: Other Information
For personal use only OTHER INFORMATION For the Half Year Ended 31 December 2024 Investor Presentation – February 2025
Slide 18: National Footprint – Contract Charter
NATIONAL FOOTPRINT CONTRACT CHARTER For personal use only Alliance has crew and engineering bases in most Australian capital cities, and several regional ports being Townsville, Cairns and Rockhampton. This is a notably greater regional presence than other Australian operators, which gives Alliance
Slide 19: National Footprint – Contract Wet Lease
NATIONAL FOOTPRINT CONTRACT WET LEASE Alliance’s wet lease operations are based on a For personal use only fixed schedule with seasonal fluctuations. Under contracted wet lease agreements, Alliance has operated to nearly every state in Australia. The routes shown are those flown in December 2024. No
Slide 20: Contract Client Base
CONTRACT CLIENT BASE Alliance continues to be the leading FIFO operator in Australia, providing safe, on-time and cost-effective charter solutions. For personal use only Investor Presentation – February 2025 18
Slide 21: Commodity Exposure
COMMODITY EXPOSURE Major commodity exposure as a percentage of the top 15 contracted FIFO client's revenue for the year ended 31 December 2024. For personal use only Coal Silver/Lead/Zinc 9% 8% Copper/Gold/ Uranium Nickel 14% 11% Oil/Gas 15 7% Major Contracts Iron Ore 1H25 18% Manganese 7% Gold 26%
Slide 22: Operational Performance
OPERATIONAL PERFORMANCE Safety Certifications On-Time Performance Comparison Safety is the Group’s number one priority. Alliance is proud to hold the IATA For personal use only The Alliance OTP record is a key differentiator and significant contributor to its Operational Safety Audit (IOSA) certific
Slide 23: ESG
ESG By integrating ESG principles, the Group fosters sustainable growth, ethical practices, and positive societal impact for long-term stakeholders value. For personal use only ENVIRONMENT SOCIAL GOVERNANCE Committed eco-friendly initiatives to Fostering social responsibility and positive Robust gov
Slide 24: Disclaimer
DISCLAIMER Reliance on third party information Not investment advice (cont.) Future performance and forward-looking statements For personal use only This presentation was prepared by Alliance Aviation Services Any decision to buy or sell securities or other products should be This Presentation conta
Slide 25: Thank You
For personal use only T H A N K Y O U Investor Presentation – February 2025
Alliance Aviation Services — H1 FY2025 Earnings Presentation on 6ix