Slide 1: Financial Results Briefing: Second Quarter 2023
Financial Results Briefing: Second Quarter 2023 29 August 2023 1
Slide 2: Capital A Corporate Highlights
Capital A Corporate Highlights ● Capital A structure - starting in June 2023, consolidated Thai AirAsia - increased effective stake to 100% in Philippine AirAsia - enabling a more effective strategic alignment that fortifies AAGL’s market positioning. - better clarity on airline performance ● Capita
Slide 3: Capital A Group Financial Highlights
Capital A Group Financial Highlights Normalised Core profitability increased 128% QoQ, despite revenue increase 25% QoQ REVENUE EBITDA RM million RM million Recovery 95% 202 RM664 mil 462 Normalised 299 reversal Recovery EBITDA 47% 203 core 2Q19 2Q22 1Q23 2Q23 2Q19 2Q22 1Q23 2Q23 ● The Group deliver
Slide 4: Aviation
AVIATION 4
Slide 5: 2Q23 Aviation Highlights
2Q23 Aviation Highlights ● At 74% of 2Q2019 capacity, the aviation segment achieved 95% of pre-Covid revenue at RM2.9 bil ● Posted quarterly EBITDA positive of RM405 mil, represent 93% of pre-Covid level and 166% growth YoY. ● Load factor of 88%, up by 6ppt YoY as a result of robust travel demand, w
Slide 6: Fleet Activation
Fleet Activation Maintenance aircraft Operational aircraft 2023 fleet reactivation plan ● Activated 165 A320 and 1 A330 aircraft as of 2Q23 ● Aim to reactivate 200 aircraft by 4Q23 - slower than expected reactivation progress was due to - Shortage of aircraft components and cabin furnishings in the
Slide 7: Aviation: Outlook
Aviation: Outlook ● Entering into stronger Q3 and peak at Q4 ● Load factor is expected to remain strong and stable at close to 90% ● Average fares are expected to remain robust as competition is rational. Fares to follow prior year trend with: - Q3 fares are expected to be higher than Q2 - Q4 fares
Slide 8: Non-Aviation
NON-AVIATION 8
Slide 9: 2Q23 Non-Aviation Highlights
2Q23 Non-Aviation Highlights Teleport ● Teleport segmental revenue of RM167 mil, up 69% YoY (1H23 already achieved 68% of FY22 revenue). ● Driven by growth from existing and onboarding of new customers, reactivation of AirAsia fleet, and additional capacity from third party airlines allowing expansi
Slide 10: Logistics: Teleport Highlights
Logistics: Teleport Highlights Market leadership by moving 15% of total intra SEA volume, A321F further strengthen position Market ● Continue to maintain market leadership Leadership ● Belly capacity: increased significantly by 94% YoY. Utilisation rate remains at 13%. Additional capacity ● More Fre
Slide 11: MOVE: airasia Superapp Highlights
MOVE: airasia Superapp Highlights Solid EBITDA growth, bolstered by revenue rise and efficient cost structure ● Enhance cross-selling opportunities across all segments, through integrated travel offering which includes Cross selling Hotels, Rides, Duty Free and Insurance. ● Hotels & SNAP cross-sell
Slide 12: MOVE: BigPay Highlights
MOVE: BigPay Highlights Strong revenue growth and manpower geographical restructuring yielding cost savings ● In negotiation with Visa on reducing scheme fees, aim to lower processing cost for each payment Payment transaction made. ● Capital A is partnering with UnionDigital Bank, a subsidiary of Un
Slide 13: Aviation Services: Asia Digital Engineering Highlights
Aviation Services: Asia Digital Engineering Highlights Expanding operations, synchronized growth riding the aviation industry wave ● ADE has the shortest aircraft maintenance services MRO service TAT (Days) *Blended of all types of aircraft maintenance services turnaround time (TAT), aligned closely
Slide 14: Aviation Services: Santan & Ground Team Red Highlights
Aviation Services: Santan & Ground Team Red Highlights Airlines robust growth sparks positive outlook for aviation services companies Santan Ground Team Red Outlook Outlook ● Continue to build on beverage category with inflight: ● Expand operations through recruitment and equipment leasing, while op
Slide 15: Conclusion: More Aircraft for growth
Conclusion: More Aircraft for growth ● Fleet reactivation alone is not enough to sustain our growth trajectory. After reactivating our fleet, we need to grow the fleet further. Aggressive Fleet Growth ● Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, fin
Slide 16: Q&A
Q&A 16
Slide 17: Thank You
THANK YOU 17
Slide 18: Appendix
APPENDIX
Slide 19: Capital A 2Q23 Performance
Capital A 2Q23 Performance Revenue of RM3.2 bil and EBITDA of RM462 mil; Net profit of RM929 mil 2Q22 - 2Q23 REVENUE MOVEMENT (RM million) ● Revenue grew to RM3.2 bil driven by the travel recovery ○ Positively contributing to all business segments, in which aviation saw highest YoY percentage growth
Slide 20: Capacity recovery
Capacity recovery Domestic and international capacity stood at 74% of 2Q2019 level Pre-Covid Pre-Covid Level Level Capacity to Capacity to pre-Covid 65% 71% 73% 79% pre-Covid 76% 77% 78% 98% Pre-Covid Pre-Covid Level Level Capacity to Capacity to pre-Covid 71% 82% 88% 91% pre-Covid 83% 73% 76% 79% 2
Slide 21: 2Q23 Aviation Performance
2Q23 Aviation Performance CONSOLIDATED AIRLINES MAA IAA PAA TAA Key Indicators 2Q23 2Q22 YoY 2Q23 2Q22 YoY 2Q23 2Q22 YoY 2Q23 2Q22 YoY Passengers Carried 6,446,264 3,848,837 67% 1,521,021 714,761 113% 1,633,459 994,527 64% 4,642,695 1,683,786 176% Capacity 7,439,324 4,592,612 62% 1,821,420 929,520 9
Slide 22: 2Q23 Digital, Logistics and Aviation Services Operating Performance
2Q23 Digital, Logistics and Aviation Services Operating Performance Key Indicators 2Q23 2Q22 YoY Total Users (cumulative) 3,929,620 3,347,255 17% Carded Users (cumulative) 1,414,013 1,216,902 16% Monthly Active Users (MAU)('000) 15,043 10,771 40% No. of Transactions ('000) 7,883 3,904 102% Gross Boo