Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — FY2011/12 Earnings Presentation
12 slides from Singapore Airlines's earnings presentation, May 9, 2012
Slide 1: SIA 74th Business Meeting FY2011-12 Results
SIA 74th BUSINESS MEETING FY2011-12 RESULTS 9 MAY 2012 THE PARENT AIRLINE FY2011/12 RESULTS
Slide 2: The Parent Airline Company Results – FY2011/12
THE PARENT AIRLINE COMPANY RESULTS – FY2011/12 Better/ Better/ 4Q/11 (Worse) 2011/12 (Worse) $million $million $million $million Total Revenue 3,016 90 12,070 331 Total Expenditure 3,026 (193) 11,889 (1,001) - Fuel Cost 1,251 (175) 4,889 (1,133) - Fuel Hedging Gain (20) (13) (20) 70 - Ex-fuel Cost 1
Slide 3: Operating Performance – FY2011/12
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE – FY2011/12 % % 4Q/11 Change 2011/12 Change Passenger Yield 11.7 -3.3 11.8 -0.8 (¢/pkm) Passenger Unit Cost 9.4 +3.3 9.2 +3.4 (¢/ask) Passenger Unit Cost 5.1 -3.8 4.9 -7.5 Excluding Fuel (¢/ask) Passenger Breakeven 80.3 +5.1 pts 78.0 +3.2 pts Load Fac
Slide 4: Operating Performance: Passenger and Breakeven Load Factor
THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor (%) Breakeven Load Factor 84 82.7 80.3 80 78.0 78.4 78.5 76.5 77.4 76 74.8 72 73.6 68 69.4 64 0 07/08 08/09 09/10 10/11 11/12 Slide 7 THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE Passenger Load Factor (%) Breakeven Load Facto
Slide 5: Fuel Price and Expenditure Trend
THE PARENT AIRLINE COMPANY FUEL PRICE AND EXPENDITURE - TREND Fuel Price before hedging ($ million) Fuel Expenditure (before hedging) (USD/BBL) 160 2,000 149 160 150 136 133 1,800 1,743 140 130 1,600 1,557 130 129 120 110 98 1,400 100 1,214 1,254 1,251 90 1,200 1,170 80 1,094 61 70 1,000 60 50 800 4
Slide 6: Top Expenditure – FY2011/12
THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE – FY2011/12 Fuel 4,869 (+28.0% , +$1,064M) Aircraft Depr. & 1,744 (-6.0% , -$111M) Lease Rentals 1,495 (-3.5% , -$54M) Staff Costs FY11/12 831 (+3.5% , +$28M) FY10/11 Handling Costs 595 (+6.2% , +$35M) Passenger Costs ($ million) 0 1,000 2,000 3,000 4,000
Slide 7: The Group FY2011/12 Results
THE GROUP FY2011/12 RESULTS GROUP REVENUE – FY2011/12 ($ million) Full Year 16,500 Revenue 15,973 15,997 16,000 $14,858M 15,500 15,000 14,858 Year-on-Year 14,525 $333M 14,500 +2.3% 14,000 13,500 13,000 12,707 12,500 0 07/08 08/09 09/10 10/11 11/12 Slide 14
Slide 8: Group Expenditure and Group Operating Profit
GROUP EXPENDITURE – FY2011/12 ($ million) Half Full Year Year 16,500 Expenditure Revenue 16,000 $14,572M $7,097M 15,500 15,093 15,000 Year-on-Year 14,572 $1,318M 14,500 +9.9% 14,000 13,848 13,500 13,254 13,000 12,644 12,500 0 07/08 08/09 09/10 10/11 11/12 Slide 15 GROUP OPERATING PROFIT – FY2011/12
Slide 9: Group Operating Profit – FY2011/12
GROUP OPERATING PROFIT – FY2011/12 2010/11 2011/12 ($ million) 600 509 500 400 345 300 251 200 157 166 123 100 11 0 -5 -100 Q1 Q2 Q3 Q4 Slide 17 GROUP OPERATING PROFIT – FY2011/12 2010/11 2011/12 ($ million) 600 500 400 -352 300 -69.2% -222 200 -64.3% -240 100 -95.6% -171 (n.m.) 0 -100 Q1 Q2 Q3 Q4 n
Slide 10: Contribution to Group Operating Profit and Net Profit
CONTRIBUTION TO GROUP OPERATING PROFIT – FY2011/12 ($ million) 2011/12 2010/11 Change % Change Singapore Airlines 181 851 - 670 - 78.7 SIA Engineering 130 136 - 6 - 4.4 SilkAir 105 121 - 16 - 13.2 SIA Cargo (119) 151 - 270 n.m. Slide 19 GROUP NET PROFIT – FY2011/12 ($ million) Half Full Year Year 2,
Slide 11: Dividends – FY2011/12
DIVIDENDS – FY2011/12 2011/12 2010/11 Earnings Per Share (¢) 28.3 91.4 Interim Dividend Per Share (¢) 10.0 20.0 Proposed Final Dividend Per 10.0 40.0 Share (¢) Total Ordinary Dividend Per 20.0 60.0 Share (¢) Slide 21 OUTLOOK FOR 2012/13
Slide 12: Outlook / Thank You
OUTLOOK Fuel price volatility Global economic outlook Forward bookings Slide 23 Thank You