Aegean Airlines Sa · ATHEX:AEGN
Aegean Airlines Sa — FY2020 Earnings Presentation
18 slides from Aegean Airlines Sa's earnings presentation, 2021
Slide 1: FY 2020 Financial Results Presentation
FY 2020 Financial Results Presentation
Slide 2: Covid-19 crisis had an unprecedented impact on Group's results
5.177 thous. passengers | ↓ 65% yoy 67 aircraft FY 2020 Covid- 19 crisis had an unprecedented 54.404 flights | ↓ 53% yoy impact in Group’s Operating and Financial 7.194 mil. ASKs | ↓ 61% yoy Results 4.822 mil. RPKs | ↓ 69% yoy 67,4% load factor | ↓ 17,5pp yoy 415,1 € mil. revenues | ↓ 68% yoy 2
Slide 3: 2020 Operating Analysis per quarter
2020 Operating Analysis per quarter Q1-2020 % chg Q2-2020 % chg Q3-2020 % chg Q4-2020 % chg Passenger ('000) 2.135 -15,5% 328 -91,6% 1.948 -62,4% 767 -77,2% International Passengers ('000) 1.153 -18,0% 85 -96,3% 881 -71,0% 388 -80,2% Domestic Passengers ('000) 982 -12,3% 243 -85,3% 1.067 -50,1% 378
Slide 4: Fleet
Fleet Fleet 31.12.2020 Type Company Total Aegean Olympic Air Aegean Cyprus Airbus A320ceo 34 - 2 36 Airbus A320neo 5 - - 5 Airbus A321ceo 10 - - 10 Airbus A321neo 3 - - 3 Airbus A319ceo 1 - - 1 De Havilland Dash 8-Q400 - 8 - 8 De Havilland Dash 8-100 - 2 - 2 ATR 42-600 - 2 - 2 Total 53 12 2 67 • Mai
Slide 5: Continued Losses due to COVID-19
Continued Losses due to COVID-19 Passengers carried FY 2019 FY 2020 % 14.992 -65% Revenue 1.308,8 415,1 -68% Opex (1.058,7) (499,3) -53% 5.177 EBITDA 269,4 (64,7) - 2019 2020 Pre-tax profit (losses) for the 106,7 (296,8) - period Net profit (losses) for the Available Seats 78,5 (227,9) - period 17.8
Slide 6: 2020 key headlines per quarter
2020 key headlines per quarter Q1-2020 % chg Q2-2020 % chg Q3-2020 % chg Q4-2020 % chg Revenues in (€ millions) 147,0 -14,5% 40,4 -88,4% 155,1 -69,7% 72,6 -73,8% EBITDA (34,1) 300,3% (15,5) - 2,5 -98,5% (17,6) - Pre-tax earnings for the period (112,3) 130,7% (88,5) - (36,9) - (59,1) - Net earnings f
Slide 7: Liquidity remains strong
Liquidity remains strong FY 2019 FY 2020 Cash and Cash Equivalents 516,9 478,5 Debt 198,7 437,2 Leases (IFRS 16) 343,2 425,1 NetDebt/ (Cash) inc. leases 25,1 383,9 NetDebt/ (Cash) exc. leases (318,1) (41,3) (amounts in EUR mil.) • Cash and cash equivalent reached €478,5 mil. at the end of the year w
Slide 8: State Aid and Share Capital Increase
State Aid and Share Capital Increase • A company specific state support scheme approved by the European Commission and voted into Law by Greek Parliament involves the following: - a direct grant in favor of Aegean of €120m to compensate for damages suffered due to travel restrictions implemented in
Slide 9: Outlook
Outlook • 2021 started with the same extremely difficult and uncertain conditions, due to the virus outbreaks as well as the mutations of the virus that continue to pressure National health systems in all countries. • These unfavorable conditions prevent the lifting of restrictions which continue to
Slide 10: CEO comments
Mr. Dimitris Gerogiannis, CEO of AEGEAN, commented: “2020 was certainly the most difficult year in aviation history. From the onset of the crisis we have worked diligently to manage the challenges of this special period. We continue to work to further enhance our resilience and competitiveness but a
Slide 11: Appendix
Appendix
Slide 12: AEGEAN at a glance
AEGEAN at a glance Oct - Dec Oct - Dec Change Jan - Dec Jan - Dec Change Consolidated results (in € mil.) 2019 2020 in % 2019 2020 in % Revenue 276,9 72,6 -74% 1308,8 415,1 -68% EBITDA 38,5 (17,6) - 269,4 (64,7) - Pre-tax earnings/(Losses) 0,2 (59,1) - 106,7 (296,8) - Net earnings/(Losses) 1,4 (40,7
Slide 13: Operating Figures
Operating Figures Oct - Dec Oct - Dec Change Jan - Dec Jan - Dec Change 2019 2020 in % 2019 2020 in % Capacity ASKs (in millions) 4.159 1.318 -68% 18.596 7.194 -61% Total available seats (000) 3.975 1.359 -66% 17.855 7.783 -56% Total Block Hours 41.878 14.828 -65% 193.066 80.086 -59% Total Sectors F
Slide 14: Profit and Loss Account
Profit and Loss Account Oct - Dec Oct - Dec Change Jan - Dec Jan - Dec Chang Consolidated results (in € mil.) 2019 2020 in % 2019 2020 e in % Revenue Scheduled Services 237,5 55,9 -76% 1098,4 341,6 -69% Charter 11,8 4,1 -65% 78,8 14,1 -82% Other 27,6 12,6 -54% 131,6 59,4 -55% Total revenue 276,9 72,
Slide 15: Balance Sheet
Balance Sheet (in € mil.) December 2019 December 2020 Total Fixed Assets 618,0 838,8 Cash & Cash Equivalents 505,1 466,2 Financial Assets Available for Sale 11,8 12,3 Other Current Assets 198,6 123,8 Total Assets 1.333,4 1.441,0 Total Equity 328,4 77,6 Lease Liabilities 343,2 425,1 Loans 198,7 437,2
Slide 16: Cash Flow
Cash Flow (in € mil.) Jan – Dec 2019 Jan – Dec 2020 Net cash flows from operating activities 274,5 (84,0) Net cash flows from investing activities (45,5) (56,7) Net cash flows from financing activities 3,9 114,5 Net (decrease)/ increase in cash and cash equivalents 232,9 (26,2) Cash at the beginning
Slide 17: Thank You
THANK YOU A STAR ALLIANCE MEMBER YY
Slide 18: Thank You
+ AEGEAN A A STAR ALLIANCE MEMBER %5~