Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — FY2018 Earnings Presentation
23 slides from Jazeera Airways Co. (ksc)'s earnings presentation, 2019
Slide 1: FY18 Earnings Conference Call
FY18 Earnings Conference Call
Slide 2: Agenda
Agenda Headline Results FY18 Highlights FY18 Financial Review Q&A
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Headline Results
.ayjul Jazeera. Headline Results \\\
Slide 5: 4Q18 Operational Highlights
Headline Results 4Q18 Operational Highlights Passengers Load Factor Utilization Yield +52.5% +1.7% +39.6% +12.4% 4Q18: 478 k 4Q18: 70.7% 4Q18: 14.8 hrs 4Q18: 38.0 KWD 4Q17: 333 k 4Q17: 69.0% 4Q17: 10.6 hrs 4Q17: 33.8 KWD
Slide 6: FY18 Operational Highlights
Headline Results FY18 Operational Highlights Passengers Load Factor Utilization Yield +46.4% +1.3% +24.7% -2.1% 2018: 2.0 million 2018: 75.2% 2018: 13.6 hrs 2018: 40.8 KWD 2017: 1.4 million 2017: 73.9% 2017: 10.9 hrs 2017: 41.7 KWD
Slide 7: 4Q18 Financial Highlights
Headline Results 4Q18 Financial Highlights Operational Revenue *Operational Profit *Net Profit KWD18.7 mn -KWD2.2 mn -KWD1.8 mn (Adjusted: -KWD1.3 mn – YoY: -30.0%) (Adjusted: -KWD0.9 mn – YoY: -34.1%) 4Q18: KWD18.7 4Q18: -KWD2.2 4Q18: -KWD1.8 4Q17: KWD10.6 4Q17: -KWD1.8 4Q17: -KWD1.4 Difference: 76
Slide 8: FY18 Financial Highlights
Headline Results FY18 Financial Highlights Operational Revenue *Operational Profit *Net Profit KWD82.4 mn KWD6.8 mn KWD6.7 mn (Adjusted: KWD8.8 mn – YoY: 13.9%) (Adjusted: KWD8.7 mn – YoY: 5.2%) 2018: KWD82.4 mn 2018: KWD6.8 mn 2018: KWD6.7 mn 2017: KWD56.6 mn 2017: KWD7.7 mn 2017: KWD8.2 mn Differe
Slide 9: FY18 Commercial Highlights
Headline Results FY18 Commercial Highlights E-Commerce Sales Ancillary Revenue +11.8% Vs. 2017 +40.8% Vs. 2017
Slide 10: Network Highlights
Headline Results Network Highlights 43% Market Share 25% Launched In Market Share 1%* Market Q1 Q2 Q4 Share 2018 2018 2018 ** 42% Ahmedabad Tbilisi New Delhi Market Kochi Lahore 13% Share Mumbai Medinah Market Share 27% Market * New Delhi was operational in the last two weeks of 2018 Share ** Medina
Slide 11: Network Highlights: Passengers Geographic Distribution
Headline Results Network Highlights Passengers Geographic Distribution Passengers Geographic Distribution FY17 FY18
Slide 12: Network Highlights: Market Share and Kuwait Airport Traffic
Headline Results Network Highlights Jazeera Market Share Kuwait International Airport Traffic FY14 – FY18 FY14 – FY18 In million In million Other passengers Jazeera passengers Jazeera market share KIA passengers Passenger growth
Slide 13: Fleet Highlights
Headline Results Fleet Highlights Current fleet of 9 aircraft, up from 7 at The latest addition was the first the end of 2017. A320neo to be delivered in the region. The A320neo offers: • Significant fuel savings up to 18% over traditional engines. • Allows more flying time expanding flying Contract
Slide 14: Jazeera Facilities
Headline Results Jazeera Facilities Jazeera Terminal started operations in May 2018. Jazeera Terminal carried 1.27 mn Collection of check-in charges passengers since opening in May 2018. commenced from the start of operations. Retail leasing ongoing while all Duty free and airside retail are now ful
Slide 15: Financial Review
Financial Review
Slide 16: Key Parameters FY18
Key Parameters FY18 Operating Parameters FY17 FY18 CHANGE • Capacity increased by 44% though number Average Aircraft 7.0 8.6 22.6% of aircraft increased only by 23%. Destination Cities 19 26 36.8% • This was achieved by 25% improvement in Revenue Drivers FY17 FY18 CHANGE daily utilization of the cap
Slide 17: Key Parameters 4Q18
Key Parameters 4Q18 Operating Parameters 4Q17 4Q18 CHANGE Average Aircraft 7.0 9.0 28.6% Major reasons for adverse variances Destination Cities 18 25 38.9% 4Q17 Vs 4Q18 Revenue Drivers 4Q17 4Q18 CHANGE • Fuel Price increase (KWD 1.1 mn) Seats 454,361 675,644 48.7% • One time disruption costs (KWD 0.
Slide 18: Financial Review: Financial Position
Financial Review Financial Position FY17 FY18 CHANGE YIELD BY QUARTER (KWD) Operating Revenue 56,611,376 82,369,370 45.5% 61 53 50 54 49 49 47 45 41 Operating Expenses 48,899,086 75,587,000 54.6% 47 47 40 35 38 46 41 43 38 36 34 Operating Profit 7,712,290 6,782,370 -12.1% Net Profit 8,235,287 6,667,
Slide 19: Financial Review: Fuel
Financial Review Fuel BRENT Swap Vs. SINGJET Swap (USD/BBL) BRENT Swap SINGJET Swap Fuel as Percent of Direct Cost
Slide 20: Balance Sheet Analysis FY18
Balance Sheet Analysis FY18 Current Assets declined by ~KWD3 mn mainly due to: • dividend payout of KWD7 mn • Internal funding of the Terminal building construction of KWD10 mn • Increase in receivables of KWD11 mn mainly due to bunched up Engine shop visits in 4Q18 (shortage of spare parts from CFM
Slide 21: Q&A
Q&A
Slide 22: Key Contacts
Key Contacts For more information please contact Krishnan Balakrishnan VP Finance krishnan.balakrishnan@jazeeraairways.com Mostafa El-Maghraby Head of Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reuters: JAZ
Slide 23: Thank you
Thank you