Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — FY2013 Earnings Presentation
18 slides from Alliance Aviation Services's earnings presentation, Aug 15, 2013
Slide 1: Annual Results Year ended 30th June 2013
For personal use only Annual Results Year ended 30th June 2013 Scott McMillan, Managing Director Matthew Dyer, Chief Financial Officer 15th August 2013 0
Slide 2: Disclaimer
Disclaimer Reliance on third party information This presentation was prepared by Alliance Aviation Services Limited (ACN 153 361 525) (“Alliance”). This presentation may contain information For personal use only that has been derived from publicly available sources that have not been independently v
Slide 3: FY2013 result highlights
FY2013 result highlights For personal use only Underlying Earnings up 13%. Revenue increased to $223.2 million up 21% (FY12: $184.2 million) Underlying EBITDA increased 17% to $57.9 million (FY12: $49.3 million) Underlying NPAT increased 13% to $21.7 million (FY12: $19.2 million). Statutory
Slide 4: Business update
Business update Alliance is on track for a ‘stable’ year despite the current economic environment For personal use only Industry leading on time performance of 90% Continued increase in revenue diversification, in terms of customer, sector and geography Operations 29 aircraft in service at 30
Slide 5: Comparative data
Comparative data For personal use only FY13 FY12 Variance FY11 Average aircraft in service 25 21 19% 16.3 Flight Hours 31,940 27,139 18% 17,608 Total Flights 22,887 20,109 14% 12,960 Average Staff Numbers 522 425 22% 330 EBITDA per Aircraft in service $2.3million $2.3million - $2.3million Revenue pe
Slide 6: Components of revenue growth
Components of revenue growth For personal use only 5
Slide 7: Strong earnings growth continues for FY2013
Strong earnings growth continues for FY2013 Pro forma profit & loss statement Key observations For personal use only % FY2013 FY2012 pcp Growth in revenue up 21% to $223 million (FY12: $184 ($ in millions) Actual Actual Change million) Revenue Contract revenue increased to 78% of total revenue F
Slide 8: Balance sheet
Balance sheet Balance sheet Key observations For personal use only ($ in millions) FY2013 FY2012 Cash 1.2 0.4 Improved leverage position Receivables 29.1 26.5 Inventory 8.2 8.2 Net Asset position improved following aircraft acquired Total current assets 38.5 35.1 during the year PP&E 210.6 179.0
Slide 9: Cashflow statement
Cashflow statement Cashflow statement Key observations For personal use only FY2012 FY2011 Positive cash flow from operations of $41.4 million ($ in millions) reflecting increase in flying Receipts from customers (inclusive of GST) 246.0 197.0 Payments to suppliers (inclusive of GST) (192.0) (159.
Slide 10: Summary and outlook
Summary and outlook For personal use only 1 Stable Outlook. Focus on efficiency, consolidation and new organisational structure 2 Further diversification – customer and geography 3 Unique fleet offering, flexibility, on a reduced cost base 9
Slide 11: Appendix
For personal use only 10 Appendix
Slide 12: Continued Growth Outlook in Australian FIFO Market
Continued Growth Outlook in Australian FIFO Market In prior years, a study of known metal mine projects only, Catapult Partners forecast annual FIFO For personal use only revenue to be approximately $1.7 billion by 2017. This is based on a sample of 175 known metal mine projects (likely to be servic
Slide 13: Key Attributes of FIFO Operators
Key Attributes of FIFO Operators For personal use only 1 Requisite regulatory approvals and infrastructure requirements Knowledge, capital and capability to provide tailored air transportation services to the 2 market Reputation as highly capable and competent FIFO service provider to satisfy string
Slide 14: Growing national footprint
Growing national footprint Alliance route map For personal use only National footprint provides the ability to be responsive Cairns and flexible Offices (engineering support and crew) Line maintenance Currently services mining and Townsville energy projects throughout Offices Australia fro
Slide 15: Fleet Development Strategy
Fleet Development Strategy For personal use only Operational characteristics of aircraft key to meet clients’ requirements: − Aircraft: preference for jets over turbo-props − Fleet: suited to operate under Australian climatic conditions − Range: minimise requirement for stops to re-fuel Optimise
Slide 16: Maintenance capabilities
Maintenance capabilities Alliance in-house heavy maintenance capability is a key competitive advantage For personal use only − Ensures total control over maintenance quality which reflects in Alliance’s industry leading despatch reliability − Optimises availability of aircraft − Cornerstone of emp
Slide 17: Alliance operating fleet
Alliance operating fleet Fokker 100 Fokker 70LR Fokker 50 For personal use only Number 17 5 6 Capacity 100 passengers 75 passengers 52 passengers Cruising speed 800 kph 800 kph 500 kph Maximum range 3,167 km 3,500 km 2,600 km Two Pratt & Whitney PW Two Rolls-Royce TAY 650-15 Two Rolls-Royce TAY 620-
Slide 18: Platform for Stable Year Ahead.....
Platform for Stable Year Ahead..... For personal use only Continued focus on safety, customer service and on-time performance. Optimise the efficiency and cost base of the business Revenue diversification including customer, geography and sector. Continued expansion of customer base. New c
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