Capital A Berhad · MYX:CAPITALA
Capital A Berhad — AirAsia Group Berhad — Q3 2021 Earnings Presentation
15 slides from Capital A Berhad's earnings presentation, Nov 22, 2021
Slide 1: Analysts & Investors Briefing: 3Q2021 Financial Results
Analysts & Investors Aviation Group Briefing AirAsia Group Berhad 3Q2021 FINANCIAL RESULTS 22 November 2021
Slide 2: Legal Disclaimer
Legal Disclaimer Information contained in our presentation is intended solely for your personal reference and is strictly confidential. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. Neither
Slide 3: AirAsia Group is an investment holding company with a portfolio of synergistic businesses
AirAsia Group is an investment holding company with a portfolio of synergistic travel and lifestyle businesses Delivering best value at lowest cost Aviation Group Logistics Financial Services World’s Best LCC for 12 Last valuation consecutive years received: US300 million MRO RedBeat Ventures Last v
Slide 4: 3Q2021 Key Highlights
3Q2021 Key Highlights AirAsia established as an investment holding company, with a portfolio of synergistic travel and lifestyle businesses ● Independent management at each portfolio company, allowing flexibility to further drive innovation and productivity, based on same AirAsia DNA of low cost and
Slide 5: 3Q2021 Financial Highlights
3Q2021 Financial Highlights Revenue (RM m) Group Revenue declined 37% YoY, 20% QoQ: ● Digital businesses revenue grew 142% YoY and contributed 60% to Group’s revenue ● Teleport revenue tripled YoY due to strategic growth of cargo network ● airasia super app revenue grew 7% YoY while BigPay revenue g
Slide 6: Fixed costs reduced by 23% YoY, cash position improved by higher funding
Fixed costs reduced by 23% YoY, cash position improved by higher funding Non-variable Fixed costs reduced since 3Q21 Fixed Costs effectively reduced by 23% YoY, 15% QoQ maintenance 1Q20 due to effective cost management ● Airline staff costs declined 38% YoY, 4% QoQ due to Other opex headcount ration
Slide 7: Aviation: Pent-up demand boosting travel in 4Q
Aviation: Pent-up demand boosting travel in 4Q Healthy Group load factor at 67% in 3Q21, up 1 ppt YoY, attributed to active capacity management. Load factor improved to 75% in October Load Factor (%) PAA outperformed other entities in 3Q21, posting 167% YoY growth in number of passengers carried, wh
Slide 8: 3Q21 Performance & Outlook: Operational Updates
3Q21 Performance & Operational Updates Outlook July EBITDA positive of RM6mn in 3Q21 First cargo-on- seat conversion for Teleport August In the midst of fundraising exercise, expects Foreign AMO approval completion in 2Q22 for Base Maintenance (Indonesia) August First Ka-band Wifi installation for a
Slide 9: 3Q21 Performance & Outlook: Teleport
3Q21 Performance & Outlook Revenue tripled YoY attributed to strategic growth in cargo network Delivery volume grew 53% YoY and 49% QoQ to 310k in 3Q21 Achieved margin improvement for the quarter via active optimisation of the cargo network Acquired through a Teleport’s dedicated multi-year agreemen
Slide 10: 3Q21 Performance & Outlook: airasia super app
3Q21 Performance & Acquired Gojek’s Thailand operations Outlook July. ● ● Launched airasia food and airasia fresh Revenue increased 7% YoY in Kota Kinabalu ● Launched airasia fresh in Singapore airasia ride closed its first month with >40k bookings. airasia ride achieved a daily peak of ● Launched a
Slide 11: 3Q21 Performance Updates: BigPay
3Q21 Performance Total user base grew 28% YoY New users increased by 169% YoY Better performance in payments and Officially applied for a digital remittance revenue streams as spending Updates bank license in Malaysia with a shifted internationally with higher take rates consortium of strategic part
Slide 12: Sufficient liquidity in 2021 and 2022 supported by solid funding progress
Sufficient liquidity in 2021 and 2022 supported by solid funding progress Funding plan from debt and equity: ● Private Placement - Raised RM336.5 million via two tranches in 1Q21 ● Danajamin scheme - Have received approval from Danajamin for 80% guaranteed loan of up to RM500 million under the Danaj
Slide 13: Asean www.airasia.com/aagbir aagb_ir@airasia.com
Asean www.airasia.com/aagbir aagb_ir@airasia.com 13
Slide 14: 3Q2021 Airline Performance
3Q2021 Airline Performance MAA IAA PAA Key Indicators 3Q20 3Q21 % 3Q20 3Q21 % 3Q20 3Q21 % Passengers Carried 1,774,963 155,668 ▼ -91% 73,701 15,332 ▼ -79% 67,760 180,971 ▲ 167% Capacity 2,610,682 254,890 ▼ -90% 150,660 38,880 ▼ -74% 121,320 235,080 ▲ 94% Load Factor (%) 68% 61% ▼ -7ppts 49% 39% ▼ -1
Slide 15: Fleet downsizing in line with demand and maximising utilisation
Fleet downsizing in line with demand and maximising utilisation Our network plans are continuously revised to reflect the latest recovery timeline following the ongoing pandemic impact MAA, TAA, IAA, PAA 2021 2022 1 Jan 210 208 Net Fleet Movement -2 -2 31 Dec 208 206 Note: 2 third party leases to re