Norwegian Air Shuttle Asa · OSL:NAS

Norwegian Air Shuttle Asa — Q3 2012 Earnings Presentation

11 slides from Norwegian Air Shuttle Asa's earnings presentation, Oct 25, 2012

  1. Slide 1: Norwegian Air Shuttle ASA Q3 2012 Presentation

    Norwegian Air Shuttle ASA Q3 2012 Presentation October 25th 2012 CEO Bjørn Kjos 1 Double digit revenue growth in Q3 • Group revenues of MNOK 4,224 in Q3 2012 Slide: 2

  2. Slide 2: Pre-tax profit improved by 187 million

    Pre-tax profit improved by 187 million EBITDAR MNOK 1 098 1 206 EBITDA MNOK 822 1 001 EBIT MNOK 708 923 Pre-tax profit (EBT) MNOK 873 686 Net profit MNOK 628 495 EBITDAR development Q3 EBT development Q3 Slide: 3 Underlying EBT improvement of MNOK 281 • Realized fuel price up 3 % since last year – e

  3. Slide 3: Cash & cash equivalents of NOK 1.7 billion

    Cash & cash equivalents of NOK 1.7 billion Cash flows from operations in Q3 12 MNOK 460 (MNOK 243) Cash flows from investing activities in Q3 12 MNOK -565 (MNOK -801) Cash flows from financing activities in Q3 12 MNOK 267 (MNOK 768) Cash and cash equivalents at period-end MNOK 1 735 (MNOK 1430) 5 Eq

  4. Slide 4: Traffic growth in Q3 2012

    Traffic growth of 17 % in Q3 2012 • Unit revenue (RASK) up 5 % • Average flying distance up 5 % 8 000 + 20 % 100 % ASK Load Factor 86 % 86 % 7 000 85 % 84 % 82 % 82 % 82 % 80 % 80 % 6 000 69 % 67 % 5 000 60 % 4 000 40 % 3 000 Available Seat KM (ASK) 2 000 20 % Load Factor 1 000 0 0% Q3 03 Q3 04 Q3 0

  5. Slide 5: Previous base establishments in Spain; first UK base and 3rd Spanish base

    Previous base establishments in Spain • Flights to and from Spain will increase by 60 % • 350 weekly flights to and from Spain during Winter 2012/13 Non-stop flights Las Palmas Non-stop flights Malaga 9 Establishing first UK base and 3rd Spanish base • Flights to and from London Gatwick will increas

  6. Slide 6: Continued strong international growth in Q3

    Continued strong international growth in Q3 Sources: Avinor, Swedavia, Copenhagen Airports, Finavia, Gatwick Airport, Aena Norwegian 2013 ASK production by base country 12

  7. Slide 7: Unit cost at constant currency down

    Unit cost at constant currency (USD & EUR) down 1 % • Unit cost including fuel up 2 % – 3 % higher NOK denominated fuel price – USD/NOK up 7 % y.o.y. (maintenance, fuel & leasing) 0.45 0.40 Operating cost EBITDA level per ASK (CASK) 0.12 0.11 0.35 0.14 0.15 0.30 0.32 0.30 0.28 0.27 0.25 Q2 09 Q2 10

  8. Slide 8: Ancillary revenue remains a significant contributor

    Ancillary revenue remains a significant contributor • Ancillary revenue comprises 10 % of Q3 revenues • NOK 86 per scheduled passenger (an increase of 4 % from last year) 15 Actual environmental performance over glossy reports CDP Methodology and why Norwegian won’t participate: 1. CDP scores absolu

  9. Slide 9: Current committed fleet plan

    Current committed fleet plan • 13 new 800 deliveries in 2012 • Short term shortage of 800’s – Temporarily covered by existing 300’s (2012 CASK guidance unaffected) • First 787-8 Dreamliner deliveries expected in Q2 2013 17 Construction well underway for Norwegian’s first 787 Dreamliner • Components

  10. Slide 10: Expectations for 2012

    Expectations for 2012 • Business environment – Increased economic uncertainty in parts of Europe – Seasonal fluctuations – Continued but stabilized yield pressure • Production – The company expects a production growth (ASK) of appr. 18 % – Primarily from increasing the fleet by adding 737-800’s – Ca

  11. Slide 11: Norwegian offers 331 scheduled routes to 120 destinations

    Norwegian offers 331 scheduled routes to 120 destinations in 36 countries. 22

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