Controladora Vuela Compania De Aviacion Sab De Cv Class A · BMV:VOLAR/A
Controladora Vuela Compania De Aviacion Sab De Cv Class A — Volaris — Q3 2024 Earnings Presentation
14 slides from Controladora Vuela Compania De Aviacion Sab De Cv Class A's earnings presentation, Oct 23, 2024
Slide 1: 3Q'24 Results
3Q’24 Results October 2024 7 volaris VLRS _y LISTED ae NYSE Voir
Slide 2: Disclaimer
Disclaimer This presentation was prepared by Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (d/b/a Volaris, the "Company") with the purpose of providing interested parties certain financial and other information about the Company. This presentation is solely for discussion purposes and high
Slide 3: Enrique Beltranena, Chief Executive Officer
Enrique Beltranena Chief Executive Officer
Slide 4: CEO key messages
CEO key messages Delivered strong 3Q’24 operational and financial results, marking our fourth consecutive quarter of net income Successfully executed our aircraft grounding mitigation plan without increasing financial leverage, preserving our ability to expand capacity without impacting market prici
Slide 5: Execution plan did not just overcome challenges, we evolved as a Company
Execution plan did not just overcome challenges, we evolved as a Company ▪ Network redesign, increasing U.S. transborder market presence Execution +11% YoY Mexico-U.S. capacity growth ▪ Improved plan did consolidated not load factor 87.4% ▪ Sustained just overcome base fares levels USD 53 ▪ Increasi
Slide 6: Disciplined mitigation plan and focus on execution, leading to strong results
Last twelve months vs. full-year 2023 performance comparison Disciplined LTM 3Q’24 FY’23 Var ASMs 34.5 billion 38.9 billion -11% mitigation Total Operating Revenues $3.20 billion $3.26 billion -2% plan and TRASM $9.30 cents $8.38 cents +11% focus on CASM ex fuel $5.18 cents $4.81 cents +8% execution
Slide 7: Holger Blankenstein, EVP Airline, Commercial and Operations
Holger Blankenstein EVP Airline, Commercial and Operations
Slide 8: Capitalizing on strong market trends in the domestic and transborder markets
Capitalizing on strong market trends in the domestic and transborder markets Quarterly load factor (%) 87.0 87.4 86 85.5 ▪ Strong demand across all markets during the high summer season 2022 82 2023 ▪ Growing domestic demand from both 2024 first-time and repeat flyers, driving 78 consistent strength
Slide 9: Boosting profitability with higher unit revenues and strategic focus
Boosting profitability with higher unit revenues and strategic focus ▪ Consolidated load factor remained strong, contributing to Third quarter TRASM (USD cents) a record third-quarter TRASM of $9.38 cents, up 12% year-over-year $9.38 ▪ Increased U.S. market relative capacity allocation, driven by ro
Slide 10: Jaime Pous, Chief Financial Officer
Jaime Pous Chief Financial Officer
Slide 11: Third quarter 2024 results highlights
Third quarter 2024 results highlights 3Q’24 Total Operating Revenues TRASM CASM ex fuel EBIT EBIT Mg. 15.5% $813M $9.38 cents $5.39 cents $126M (-4.1% vs. 3Q’23) (+12% vs. 3Q’23) (+9.9% vs.3Q’23) (>100% vs.3Q’23) Net Debt (1) / EBITDAR Net Income Total Liquidity (1) LTM EBITDAR EBITDAR 25.9% of LTM
Slide 12: Volaris' financial differentiation is clear and growing versus U.S. peers
Volaris’ financial differentiation is clear and growing versus U.S. peers 12-month trailing average EBITDAR Margin 34.1% 30.6% Volaris 27.6% 25.6% 23.6% 23.0% 17.7% 12.7% U.S. Full-Service Carriers 8.5% U.S. (U)LCCs 2Q'19 2Q'20 2Q'21 2Q'22 2Q'23 2Q'24 3Q'24 Source: Company’s Filings. Note: US Legacy
Slide 13: Fourth Quarter and Full Year 2024 Guidance
4Q’24 Fourth ASM growth ~ -7% Quarter TRASM ~$9.6 cents and CASM ex fuel ~$5.5 cents Updated EBITDAR Margin ~39% Full Year Avg. USD/MXN rate $20.30 to $20.50 Avg. U.S. Gulf Coast jet fuel price 2024 $2.20 to $2.30 Guidance FY’24 Previous guidance ASM growth ~ -13% ~ -14% Previous guidance EBITDAR Ma
Slide 14: Q&A
Q&A INVESTOR RELATIONS Ricardo Martínez ir@volaris.com Enrique Beltranena Holger Blankenstein Jaime Pous ir.volaris.com President & CEO EVP Airline, Commercial CFO 14 and Operations