Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q3 2024 Earnings Presentation
25 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Nov 5, 2024
Slide 1: 3Q24 Earnings Webcast
3Q24 Earnings Webcast 05 November 2024
Slide 2: Starting Shortly…
Startin Shortly... — ‘,
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda Operational & Financial Headlines Operational Performance Outlook for 4Q24 & 2025 Financial Review Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 3Q24 Operational Headlines
3Q24 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 3Q24: 1,409 k 3Q24: 80.6% 3Q24: 13.2 hrs 3Q24: KWD42.7 3Q23: 1,384 k 3Q23: 80.3% 3Q23: 14.1 hrs 3Q23: KWD41.2 +1.8% +0.3% -6.5% +3.9%
Slide 7: 9M24 Operational Headlines
9M24 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 9M24: 3.7 mn 9M24: 78.1% 9M24: 12.3 hrs 9M24: KWD41.5 9M23: 3.5 mn 9M23: 79.0% 9M23: 13.8 hrs 9M23: KWD42.2 +3.9% -0.9% -10.9% -1.5%
Slide 8: 3Q24 Financial Headlines
3Q24 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT* 3Q24: KWD64.6 mn 3Q24: KWD12.7 mn 3Q24: KWD11.6 mn 3Q23: KWD61.1 mn 3Q23: KWD8.7 mn 3Q23: KWD7.0 mn +5.7% +45.4% +66.1% * 3Q24 net profit includes fx gain of KWD943k generated from USD depreciation against KWD compared to a gain of KWD174
Slide 9: 9M24 Financial Headlines
9M24 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT * 9M24: KWD163.5 mn 9M24: KWD20.7 mn 9M24: KWD14.4 mn 9M23: KWD158.9 mn 9M23: KWD18.1 mn 9M23: KWD13.3 mn +2.9% +14.5% +8.2% * 9M24 net profit includes fx loss of KWD963k compared to a gain of KWD74k in 9M23.
Slide 10: Ancillary Revenue
Ancillary Revenue CARGO ANCILLARY REVENUE REVENUE 3Q24: KWD550 k 3Q24: KWD6.0 mn 3Q23: KWD555 k 3Q23: KWD4.8 mn -0.9% +25.9% 9M24: KWD1.5 mn 9M24: KWD14.6 mn 9M23: KWD1.6 mn 9M23: KWD12.1 mn -5.4% +20.5%
Slide 11: Terminal Performance
Terminal 5 Performance 3Q24 KWD4.3 mn KWD3.6 mn KWD3.3 mn Revenue EBITDA Net Profit 3Q23: KWD4.1 mn 3Q23: KWD3.5 mn 3Q23: KWD3.1 mn 9M24 KWD11.0 mn KWD8.9 mn KWD8.1 mn Revenue EBITDA Net Profit 9M23: KWD9.9 mn 9M23: KWD8.2 mn 9M23: KWD7.3 mn Stable 97% of available space occupied as operations stabi
Slide 12: Operational Performance
Operational Performance
Slide 13: 9M24 Market Share & Passengers Distribution
9M24 Market Share & Passengers Distribution PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC MARKET SHARE DISTRIBUTION – 9M23 DISTRIBUTION – 9M24 29.8% AT KWI Other, 14.6% Other, 14.2% 29.5% 29.8% Europe, 11.9% GCC, 36.3% GCC, 37.3% Europe, 14.3% 14.7% Subcontinent, 17.6% Subcontinent, 15.6% 9M19 9M23 9M
Slide 14: Operational Updates
Operational Updates Fleet Passenger Movement Fuel Cost Average fleet increased by 1.1 aircraft The most active quarter in the history Average Brent price for 9M24 inline equivalent in 3Q24 over 3Q23 and 2.3 of Jazeera in terms of passenger with 9M23 while jet fuel is lower by aircraft equivalent in
Slide 15: | wpe : “éyjall
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Slide 16: 4Q24 & 2025 Outlook
4Q24 & 2025 Outlook
Slide 17: Rationalization in a challenging environment
Rationalization in a challenging environment Operations Travel Outlook • Geopolitical factors to play a key role on 4Q24 network and • Passenger movement expected to be inline with 4Q23 in operational planning, but business has shown strong the absence of any special events. resilience. • Extension
Slide 18: Financial Review
Financial Review
Slide 19: 3Q24 & 9M24 Key Parameters
3Q24 & 9M24 Key Parameters 3Q23 Vs 3Q24 9M23 Vs 9M24 Operating Parameters 3Q23 3Q24 CHANGE Operating Parameters 9M23 9M24 CHANGE Average Aircraft 22.3 23.4 4.9% Average Aircraft 20.8 23.1 11.1% Destination Cities 63 59.0 -6.3% Destination Cities 68 64.0 -5.9% Revenue Drivers 3Q23 3Q24 CHANGE Revenue
Slide 20: 3Q24 Financial Performance
3Q24 Financial Performance KWD 3Q23 3Q24 CHANGE Operating Revenue 61,052,778 64,557,930 5.7% Operating Expenses -52,321,135 -51,863,227 0.9% Operating Profit 8,731,643 12,694,703 45.4% Net Profit (Loss) 6,998,657 11,628,169 66.1% • Revenues were 5.7% higher mainly due to increase in pax numbers and
Slide 21: 9M24 Financial Performance
9M24 Financial Performance KWD 9M23 9M24 CHANGE • 9M24 revenue was higher driven by increase in passenger numbers Revenue 158,906,183 163,505,607 2.9% despite marginal drop in load factor in addition to low yield effect in 1H24. Terminal revenue also higher by 10.8% versus 9M23. Operating Expenses -
Slide 22: 3Q24 Key Performance Metrics
3Q24 Key Performance Metrics BRENT Swap Vs. SINGJET Swap (USD/BBL) Quarterly Yield (KWD) 112.8 101 107.6 102.4 98.6 91.7 62 55.5 48 48 45 44 40 41 41 43 37 32 SINGJET Swap 85.8 85.0 82.9 81.8 78.7 BRENT Swap 4Q22 3Q21 4Q21 1Q22 2Q22 3Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 3Q23 4Q23 1Q24 2Q24 3Q24 Fu
Slide 23: Q&A
Q&A
Slide 24: Contact
Contact For more information please contact: Krishnan Balakrishnan Deputy CEO & CFO krishnan.balakrishnan@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reuters: JAZK.KW Stay up to date with the latest investor information: investorrelations.jazee
Slide 25: Thank You
-apjal Jazeera. { —~