Norse Atlantic Asa · OSL:NORSE
Norse Atlantic Asa — Norse Atlantic Airways — Corporate Update (June 2023)
13 slides from Norse Atlantic Asa's corporate update, Jun 22, 2023
Slide 1: Norse Atlantic Airways Company Presentation
» Norse Atlantic Airways Company Presentation 22 June 2023
Slide 2: Ready for peak summer 2023
Ready for peak summer 2023 Building a leading low-cost transatlantic airline in two years: all aircraft in production from 1ˢᵗ July • All regulatory approvals and necessary airport slots secured Ready to go • Organization, including people and systems, in place Increasing capacity • Bringing new air
Slide 3: Significant value created since inception
Significant value created since inception Established UK subsidiary is a game changer Early investments are paying off • Unique in the industry: a fully-fledged, • Secured 5 valuable slots at LGW and JFK low-cost long-haul operation • Allows Norse to serve large and highly attractive • Brand recogni
Slide 4: Norse's path to a winning business model
Norse´s path to a winning business model Market leading High utilization Single fleet type aircraft cost Lowest CASK in Collaborations for Harmonious labour transatlantic in-house relations market flight school Connecting major markets 2021 Cargo Best Services revenues and focus on Best StewardnessT
Slide 5: Increasing production at the right time
Increasing production at the right time All aircraft generating revenue from 1 July 2023 ASK (m) 1,250 • Norse bringing additional aircraft online 1,000 ahead of peak S23 season • New routes scheduled for S23: ⚬ 25 May London to Orlando 750 ⚬ 26 May London to Fort Lauderdale/Miami ⚬ 1 June London to
Slide 6: The 5 pillars of Norse commercial strategy
The 5 pillars of Norse commercial strategy 1 2 3 4 5 Unbundled low Ancillary Services Norse Premium Best-in-class Revenue from fare structure Class cargo product leases and charter Unlocking new Wide-body aircraft areas of demand flying direct to key Attractive lease-in through low-cost cargo gatewa
Slide 7: Set up for a strong summer
Set up for a strong summer Booking curves improving • Improving booking curves through S23 months • Recent campaigns positively impacting shoulder season bookings • Yield increasing
Slide 8: Forward bookings increase as network expands
Forward bookings increase as network expands Rolling seven days bookings in USDm and number of passengers by booking date As per 20 June 2023 Increasing selling windows allows for higher yields: • S22 season on sale ~3 months in advance • W22 season on sale ~4 months in advance • S23 on sale ~5 mont
Slide 9: Fares increasing overall and on like-for-like basis
Fares increasing overall and on like-for-like basis Based on booked fares as of 20 June 2023 Ticket revenue per segment Net fare comparison • Based on booking date • Based on month of flight • Average fare continuing to increase • ~40% higher fare for S23 bookings versus flown S22 mai-22 jun-22 jul-
Slide 10: Driving ancillary revenue
Driving ancillary revenue Airport ancillary revenue • Norse’s fare model provide pricing flexibility to passengers • Includes all ancillary sales done at check-in, such as upgrades and application of baggage policies ⚬ Passengers pays for what they choose • >500% May-to date compared to actual 2022
Slide 11: Summary and outlook
Summary and outlook Once in a lifetime opportunity to build a profitable long haul low cost transatlantic airline Strategy and business • Unit costs in line with target (excl. fuel) and will further improve with increased scale case validated • Modern fuel-efficient fleet; lease contracts substantia
Slide 12: Norse will be...
Norse will be... The first truly low-cost sustainable transatlantic airline The lowest unit cost airline amongst peers The highest ancillary revenue per passenger in the industry The lowest emissions per passenger versus long-haul peers The most affordable and best value transatlantic product 28
Slide 13: Thank You
Thank You For Flying With Us! Explore
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