Air Arabia PJSC · DFM:AIRARABIA
Air Arabia PJSC — FY2009 Earnings Presentation
15 slides from Air Arabia PJSC's earnings presentation, Jun 13, 2010
Slide 1: Investor Presentation Full Year 2009
Air Arabia PJSC Investor Presentation Full Year 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: Highlights
Highlights • Air Arabia is a National Carrier of UAE based in Sharjah, and founded by Sharjah Government in 2003. • Air Arabia is the first and largest low-cost carrier in MENA. RPK - 8.5 Billion (2008 – 7.1 Billion) ASK - 10.5 Billion (2008 – 8.3 Billion) Passengers carried – 4.1m (2008 – 3.6m) Cur
Slide 4: Experienced Management Team
Experienced Management Team -4-
Slide 5: Comprehensive Network
Comprehensive Network Air Arabia Maroc Network -5-
Slide 6: Performance: High Utilization & High Reliability
Performance: High Utilization & High Reliability Consistently Achieved the Highest Level of Aircraft Utilization in the A320 Family Source: Airbus YTD we have achieved a flying time per aircraft of over 14 hours per day with more than 99% reliability -6-
Slide 7: RPK Growth in comparison to regional Airlines
RPK Growth in comparison to regional Airlines
Slide 8: Further Data: LCC Penetration and Peer Comparison
Ul ab Ua yc II airarabia.com Further Data: LCC Penetration in Middle East is still low in comparison Load Factor, Block Hours/day, and EBITDAR Margin comparison to other regions LCC Market by Seats (2008) Company Load Factor Block hours/day EBITDAR Margin Ba Air Arabia 85% 14.0 25% 30% + Jazeera Air
Slide 9: Passengers and Aircraft
Passengers and Aircraft * Air Arabia Group Number of Destinations Fleet Size 70 25 59 21 60 20 16 50 44 37 15 40 32 11 30 23 10 8 20 15 5 5 3 10 5 0 0 2003 2004 2005 2006 2007 2008 2009 2004 2005 2006 2007 2008 2009 Total Passengers Geographic Distribution 5,000 100% 79% 86% 85% 4,066 80% Passengers
Slide 10: Historical Financial Performance (Group)
Historical Financial Performance (Group) H1 2009 Revenues Gross Profit Gross Profit (AED in MM) Revenues (AED in MM) 2,500 500 25.9% 30.0% 2,066 1,972 394 400 358 25.0% 2,000 318 19.1% % Margin 17.4% 20.0% 300 15.8% 18.2% 1,500 1,283 12.5% 15.0% 749 200 130 1,000 10.0% 411 100 65 500 24 5.0% 192 0 0
Slide 11: Financial Performance FY Highlights (Group)
Financial Performance FY Highlights (Group) Revenues Net Profit 2100 2066 1972 t 2000 400 AED in Millions 1900 A ED in M illions 380 452 510 1800 360 1700 340 1600 320 1500 300 1400 FY 2009 FY 2008 FY 2009 FY 2008 - 11 -
Slide 12: Revenue vs Cost per passenger (Group) FY 2009
Revenue vs Cost per passenger (Group) FY 2009 Cost/Passenger – FY 2008 Vs. FY 2009 Cost/Passenger – Excluding fuel 284 464 270 424 Cost/Passenger (AED) Cost/ Passenger (AED) FY 2008 FY 2009 FY 2008 FY 2009 9% Y-o-Y Decline 5% Y-o-Y Increase Revenue/Passenger – FY 2008 Vs. FY 2009 580 485 Revenue/Pas
Slide 13: Operating Statistics (Airline)
Operating Statistics (Airline) 2004 2005 2006 2007 2008 2009 Number of Aircraft 3 5 8 11 16 21 Average Aircraft 3.0 4.9 6.0 9.5 14.5 Destinations 15 23 32 37 44 45 Number of Passengers in Millions 0.6 1.1 1.7 2.7 3.6 4.1 RPK (Billions) 1.2 2.5 3.7 5.0 7.1 8.5 ASK (Billions) 1.8 3.2 4.7 5.8 8.3 10.5
Slide 14: Joint venture revenues growing
Joint venture revenues growing 2008 2009 SAS 60m 82m Alpha Flight Catering 25m 27m SATA 6m 11m
Slide 15: Investor Relations Contact
• Investor Relations Contact: – investorrelations@airarabia.com – +971-6-5088977 – www.airarabia.com