Air Arabia PJSC · DFM:AIRARABIA
Air Arabia PJSC — FY2008 Earnings Presentation
16 slides from Air Arabia PJSC's earnings presentation, February 2009
Slide 1: Air Arabia PJSC Investor Presentation Full Year 2008
Air Arabia PJSC Investor Presentation Full Year 2008 February 2009 -1-
Slide 2: Disclaimer
Disclaimer Information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. Neither we nor our advisors make any representation regarding, and assumes no responsibility or liability
Slide 3: Agenda
Agenda Air Arabia at a Glance Financial Highlights February 2009 -3-
Slide 4: Highlights
Highlights • A national carrier of the UAE… Established in 2003 by the Government of Sharjah • First and largest low-cost airline in the MENA region 7.1 billion RPK 8.3 billion ASK 3.6m passengers carried 2008 • Current fleet of 16 (Dec 08) Airbus 320s • Network (Dec 08) covering a total population
Slide 5: Network
Network Comprehensive network serving 44 destinations. February 2009 -5-
Slide 6: Experienced Management Team
Experienced Management Team February 2009 -6-
Slide 7: Highly Favorable Home and Regional Market Dynamics
Highly Favorable Home and Regional Market Dynamics Strong Air Traffic Growth Projected in Our Target Regions International Air Traffic Growth by Key Route Area Middle East Passenger Traffic(1) 7.1% 6.0% AAGR % 2005A-2010E 5.3% 5.3% Middle East Routes All International Routes Passenger Freight Source
Slide 8: Highly Profitable Low Cost Carrier Business Model
Highly Profitable Low Cost Carrier Business Model Consistently Achieved the Highest Level of Aircraft Utilization in the A320 Family * 100.0 99.8 99.6 Operational Reliability % 99.4 Avg. A320 99.2 99.0 98.8 98.6 98.4 98.2 98.0 7 8 9 10 11 12 13 14 15 Daily Utilization (Hours) *Data indicated for Q1
Slide 9: Consistent Load Factors and Passenger growth
Consistent Load Factors and Passenger growth Historic Load Factor vs Pax Numbers - 2008 February 2009 -9-
Slide 10: Passenger and Aircraft Growth
Passenger and Aircraft Growth Number of Destinations Fleet Size Total Passengers and Load Factor Geographic Distribution Central Asia, N. Africa, 10% 1% Middle East (Ex-GCC), 15% Subcontinent, 47% GCC, 27% February 2009 - 10 -
Slide 11: Historical Financial Performance (Group) FY08
Historical Financial Performance (Group) FY08 Revenues Gross Profit EBITDAR Net Profit February 2009 - 11 -
Slide 12: Financial Performance Q4 Highlights (Group)
Financial Performance Q4 Highlights (Group) Revenues Net Profit February 2009 - 12 -
Slide 13: Highly Profitable Low Cost Carrier Business Model
Highly Profitable Low Cost Carrier Business Model Revenue/Passenger – FY 2007 Vs. FY 2008 Cost/Passenger – FY 2007 Vs. FY 2008 16% Y-o-Y Growth 25% Y-o-Y Increase Cost/Passenger – Excluding fuel 5% Y-o-Y Increase February 2009 - 13 -
Slide 14: Operating costs as a percentage of revenue
Operating costs as a percentage of revenue February 2009 - 14 -
Slide 15: Drive Growth Through an Aggressive Expansion Plan
Drive Growth Through an Aggressive Expansion Plan Track Record of Profitable Expansion # of Destinations vs. Net Profit Margin Breakeven Load Factor vs.*Actual Load Factor Months to Recent Routes Start Dhaka (Bangladesh) June 08 Shiraz (Iran) June 08 Kiev (Ukraine) Oct 08 Nairobi (Kenya) Oct 08 Hyde
Slide 16: Operating Statistics
Operating Statistics 2004 2005 2006 2007 2008 # of Aircrafts 3 5 8 11 16 Average Aircrafts 3.0 4.9 6.0 9.5 14.5 Destinations 15 23 32 37 44 # of Passengers (Millions) 0.6 1.1 1.7 2.7 3.6 RPK (Billions) 1.2 2.5 3.7 5.0 7.1 ASK (Billions) 1.8 3.2 4.7 5.8 8.3 Average Load Factor 68.0% 79.0% 80.0% 86.0%