Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — 9M 2024 Earnings Presentation
34 slides from Vietjet Aviation Joint Stock's earnings presentation, 2024
Slide 1: 9M.2024 Business Update
9M.2024 BUSINESS UPDATE 1
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: You must read the following before continuing, In accessing the attached summary information presentation (this “presentation”), you agree to be bound by the following terms and conditions. This presentation contains confidential information, You should not reproduce or distrib
Slide 3: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 3
Slide 4: Vietjet's Overview
VIETJET’S OVERVIEW • Vietnam gains geopolitical spotlight as investment hotspot and economic hub, attracting high-profile visits from global leaders including US, China, UK, Germany, Australia, India and Indonesia. • Government's strategic aviation infrastructure expansion through 2030, including ma
Slide 5: Vision and Mission
VISION AND MISSION MISSION VISION To become a To nation-wide develop multinational airline and expand the aviation with the largest market services, and to focus share in Vietnam, with on the customer integration of a satisfaction with consumer-oriented outstanding quality, advanced digital elegance
Slide 6: Development Milestones
DEVELOPMENT MILESTONES VietJet pioneers in developing LCC in Vietnam Fleet DEVELOPMENT MILESTONES 9M.2024 (as of 30 September 2024) Signed a contract with Airbus to purchase 20 new generation wide-body A330neo aircraft at Farnborough Airshow 2024 85 Signed a contract with Rolls Royceto supply en
Slide 7: Board of Management
BOARD OF MANAGEMENT • Mdm. Thao Nguyen is one of the founders of VietJet, • Dr. Phuong Dinh has more than 25 years of Chairwoman of VietJet since 2023, before that Ms. Thao was leadership experience and holds important the Vice Chairwoman, CEO since 2007. positions in many companies in the • She is
Slide 8: Key Partners
KEY PARTNERS Long-lasting relationship with valued partners lessors ensures VietJet can get many favorable privileges and supports that no other airlines in Vietnam can have Aircraft Manufacturer Engine partners Maintenance Partners Interline Partners Leasing Partners Fuel Suppliers 8
Slide 9: Shareholder's Structure
SHAREHOLDER’S STRUCTURE VietJet is fully trusted by well-known and experienced shareholders around the world Top International Shareholders International Government of Singapore (GIC) Shareholders Monetary Authority of Singapore 13% Hong Kong Investment Consulting Ltd. Lumen Vietnam Fund Goldman Sac
Slide 10: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 10
Slide 11: Vietnam Macroeconomics
VIETNAM MACROECONOMICS Solid economic growth trend and favorable demographic structure provide strong tailwinds for Vietnam’s LCC market to soar Strong GDP growth and stable inflation GDP per capital increases drastically 4,500 2.8 3.2 3.3 4.0 2.7 3,660 3,820 1.8 3,290 3,350 3,410 3.5 3.5 2,900 3,09
Slide 12: Vietnam Aviation Industry
VIETNAM AVIATION INDUSTRY Best positioned to benefit from attractive macro story and strong government incentives for Vietnam’s Aviation sector Commentary on Vietnam aviation sector Vietnam is one of the fastest growing aviation sectors globally Over the last few years, Vietnam experienced stron
Slide 13: Vietnam Aviation Industry
VIETNAM AVIATION INDUSTRY Best positioned to benefit from attractive macro story and strong government incentives for Vietnam’s Aviation sector Huge potential development Changes in regulations to support the airline industry opportunities for airport infrastructure Reduction in fuel • Petrolimex Av
Slide 14: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 14
Slide 15: Operating Statistics
OPERATING STATISTICS A Leading LCC with a strong operational capability 1st largest fleet in Vietnam with 103 aircraft #1 LCC with 43% domestic and 56% international market share (# aircraft) 56% Domestic International 103 18 86 43% 42% 42% 85 8% 6% 6 8 1% 0% Other airlines Other airlines # of fligh
Slide 16: Extensive Network in Vietnam and International Routes
VIETJET HAS ONE OF THE MOST EXTENSIVE NETWORKS IN VIETNAM AND IS WELL- POSITIONED FOR INTERNATIONAL ROUTES 155 routes in total: 43 domestic routes 112 international routes 16
Slide 17: Fleet Expansion
FLEET EXPANSION Young and modern fleet with significant commercial and financial potential being secured by a large aircraft orderbook 85 aircraft, including 6 owned and finance lease Model # a/c Seat config Avg. age Aircraft utilization c.13.7 hrs (9M.2024) vs. 11.5 hrs A321NEO 25 230 - 240 6.2 (9M
Slide 18: Products and Services
PRODUCTS AND SERVICES Leveraging complete digital platforms to provide full suite of air services and deliver exceptional experience for VietJet’s passengers 1. Diversified airfare 5. Online tourism Eco Bảo hiểm du lịch. Đặt vé, khách sạn, phòng nghỉ và dịch vụ cho Deluxe thuê thông qua các đối tác
Slide 19: Growth Prospects
GROWTH PROSPECTS VietJet is among the fastest-growing airlines in APAC Revenue (mn USD) Pax (mn pax) 29.0 23.7 24.2 21.3 20.6 16.7 13.2 12.1 5.4 2,624 2,335 2,144 2,025 Covid impact 1,693 1,607 1,101 729 515 2016 2017 2018 2019 2020 2021 2022 2023 2024 19
Slide 20: Cost, cost & cost
Cost, cost & cost A strong focus on cost 20 20
Slide 21: Audited 6M.2024 Financial Results
AUDITED 6M.2024 FINANCIAL RESULTS TOTAL REVENUE (bn USD) ANCILLARY REVENUE (mn USD) NET PROFIT AFTER TAX (mn ) +16% +511% 399 462 33.4 1.4 1.2 5.5 H1.2023 H1.2024 H1.2023 H1.2024 H1.2023 H1.2024 TOTAL ASSETS (bn USD ) TOTAL EQUITY (mn USD) NET DEBT/TOTAL EQUITY (times) +6.1% +8.3% 661 3.7 1.87 3.5 1
Slide 22: Q3.2024 Financial Results
Q3.2024 FINANCIAL RESULTS TOTAL REVENUE (bn USD) ANCILLARY REVENUE (mn USD) NET PROFIT AFTER TAX (mn ) +19% +660% 0.21 0.25 22.9 0.7 0.6 3.0 Q3.2023 Q3.2024 Q3.2023 Q3.2024 Q3.2023 Q3.2024 TOTAL ASSETS (bn USD ) TOTAL EQUITY (mn USD) NET DEBT/TOTAL EQUITY (times) +7.9% +9.6% 3.8 670 2.01 3.5 611 1.6
Slide 23: 9M Financial Results
9M FINANCIAL RESULTS Strong revenue surge contributed by the significant increase in international sector and ancillary streams Airline and consolidated revenue achieved at 32% and 19% y-o-y Ancillary revenue made up nearly 40% of revenue, and increased growth in 9M.2024, respectively by 16% y-o-y (
Slide 24: 9M Financial Results (cont'd)
9M FINANCIAL RESULTS (cont’d) Resilient balance sheet to support strategy towards building diversified aircraft asset portfolio Stable asset base scale up with additional aircraft asset Sustainable and steady equity growth (USD billion) (USD million) 3.8 3.5 675 670 600 597 611 2.7 2.1 1.8 2020 2021
Slide 25: Vietjet Air Academy
NGUỒN NHÂN LỰC DỒI DÀO ĐÁP ỨNG NHU CẦU PHÁT TRIỂN VIETJET AIR ACADEMY ABUNDANT AVIATION SUPPLY FORCE TO MEET THE GROWTH DEMAND Modern and professional facility to create abundant supply to meet growing in aviation demand VietJet Air Academy (VJAA) was constructed in 2018 in district 9 of Ho Chi Minh
Slide 26: Vietjet Air Academy
VIETJET AIR ACADEMY Modern and professional facility to create abundant supply to meet growing in aviation demand Training results in 9M.2024 VJAA conducted 3,898 training courses with: 43,437 trainees 53,443 training hours 4,250 certificates issued Third SIM cabin, a state-of-the-art cockpit Others
Slide 27: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 27
Slide 28: Sustainable Development
SUSTAINABLE DEVELOPMENT Commitment to ESG Targets and Net Zero by 2050 Modern and young fleet Owning one of the youngest and modern fleet 85 aircraft with average age of 7.7 years, operating with economical and flexible costs Issuance of Environmental Protection Policy and Commitment Developing Mana
Slide 29: Sustainable Development
SUSTAINABLE DEVELOPMENT Commitment to ESG Targets and Net Zero by 2050 VietJet signed contract with Safran • The SFCO2 includes: optimizing engine power, providing accurate information on passengers’ weights on board and the amount of backup fuel,… • It helps reduce fuel consumption and CO2 emission
Slide 30: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 30
Slide 31: Outstanding Events in 9M.2024
OUTSTANDING EVENTS IN 9M.2024 VietJet has achieved remarkable milestones in reaching momentous agreements with key partners, opening new routes to international destinations Airbus delivers to Vietjet a new Vietjet Air and CFM International Vietjet and Honeywell's US$1.1 Vietjet welcomes its 200 air
Slide 32: New routes launched
VietJet has continuously launched new routes from Da Nang to Ahmedabad (India); from Nha Trang to Daegu (South Korea); from Hanoi to Melbourne, Sydney (Australia), Hiroshima (Japan); from Ho Chi Minh City to Shanghai, Chengdu, Xi'an (China); from Phu Quoc to Taichung, Kaohsiung (Taiwan, China), etc.
Slide 33: Awards
AWARDS Strong brand recognition in Vietnam and in the region providing sustainable competitive advantage Best Low-cost Airline in Southeast Asia Best Finance Management – Aviation – Vietnam 2024 Best Ultra Low-Cost Airline World's Safest Low-Cost Airlines 2024 Best Low-Cost Airline Onboard Hospitali
Slide 34: Thank You!
THANK YOU! 34
Vietjet Aviation Joint Stock Company — 9M 2024 Earnings Presentation on 6ix