Slide 1: Alliance Aviation Services Limited Results Presentation FY2021
Alliance Aviation Services Limited Results Presentation FY2021 11 August 2021
Slide 2: Contents
Contents 03. KEY MESSAGES 04. INDUSTRY LEADING COVID-19 RESPONSE 05. FIVE REVENUE STREAMS 06. FINANCIAL SUMMARY 14. DEPLOYING THE E190’s 15. OUTLOOK 17. STABLE CONTRACT CLIENT BASE 18. COMMODITY EXPOSURE 19. FOOTPRINT 20. OPERATIONAL PERFORMANCE 21. DISCLAIMER 22. ACKNOWLEDGEMENTS Alliance Aviation
Slide 3: Key Messages
Key CASH Messages Underlying profit Underlying operating Alliance Aviation Services Limited announces a full before tax1 of Revenue from operations cash flow1 of $75.9m, up year result which includes: $51m, up 25% 73% of $308.7m, up 3% • Another record profit whilst investing for growth; • Record un
Slide 4: Industry Leading COVID-19 Response
Industry Leading Lead the way with pre-flight temperature and COVID-19 COVID testing. Response Responded to changing market conditions to grow contract and charter business. Alliance was initially negatively impacted by Capitalised on market disruption with COVID-19 through a reduction in wet lease
Slide 5: Five Revenue Streams
Five Revenue Contract Revenue Wet Lease Streams RPT Charter Aviation Revenue Revenue Services 1 2 3 4 5 Contract and charter continue to experience Contract Revenue Wet Lease RPT Revenue Charter Revenue Aviation Services revenue growth. Wet Long-term contract Operating Alliance aircraft Regular publ
Slide 6: Financial Summary
FINANCIAL SUMMARY For the year ended 30 June 2021 6
Slide 7: Operational Metrics
Operational Detail 30 June 2021 30 June 2020 Metrics Aircraft in service* Flight Hours – contracted 48 25,873 42 23,733 Alliance consistently delivers strong Flight Hours – wet lease 2,262 6,297 operational performance. Flight Hours – RPT 4,759 4,612 Flight Hours – charter 4,479 2,453 Flight Hours –
Slide 8: E190 Ramp Up & Deployment Activity
E190 Ramp Up Activity Amendment of Air Operators Certificate Scale Six month project involving some specialist & Deployment contractors personnel. and designated Alliance Activity Transportation, Assembly and Certification of E190 Full Flight Simulator in Brisbane Eight month project lead by appoint
Slide 9: Statutory to Underlying PBT Bridge
Statutory to Underlying PBT Bridge E190 expansion programme Alliance Aviation Services Limited FY2021 Results Presentation 9
Slide 10: Income Statement
FY2021 FY2020 % PCP ($ in millions) Actual Actual Change Revenue Income Contract revenue Wet lease revenue 214.2 7.8 202.5 24.4 6% (68%) Statement Charter revenue RPT revenue 43.7 33.6 26.4 34.6 66% (3%) Observations: Aviation services 8.0 10.0 (20%) • Sustained activity in FIFO. Added four new clie
Slide 11: Statement of Financial Position
30 June 2021 30 June 2020 ($ in millions) % PCP Change Actual Actual Cash 36.2 98.8 (63%) Receivables 50.9 54.4 (6%) Statement of Inventory 86.5 57.4 (51%) Total current assets 173.6 210.6 (18%) Financial Position PP&E & Intangibles Right of use assets 407.1 28.0 217.3 8.0 87% 250% Observations: Tot
Slide 12: Cash Flow Statement
30 June 30 June ($ in millions) 2021 2020 Actual Actual Receipts from customers (inclusive of GST) 336.9 315.9 Cash Flow Payments to suppliers (inclusive of GST) (294.7) (269.5) Statement Net interest (paid)/received (1.4) (2.4) Income tax paid (1.0) - Net cash inflow from operating activities 39.8
Slide 13: Capital Expenditure
FY2021 FY2022 ($ in millions) Actual Forecast Existing fleet maintenance Cash outflows Capital Base maintenance (Fokker) 5.6 6.5 Engine care program (Fokker and E190) 14.3 20.0 Expenditure Other miscellaneous Operating costs capitalised 2.6 2.4 4.0 2.5 Observations: Total cash outflows 24.9 33.0 Non
Slide 14: Deploying the E190's
30 June 21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Deploying the E190’s Number of Aircraft 26 5 1 - - 26 of the 32 E190s have been funded Acquired and deployment is ahead of schedule Number of Aircraft in 5 16 20 26 32 Service* Number of Aircraft fully 4 11 14 22 29 deployed^ Annualised Hours ~12,000 ~30,00
Slide 15: Outlook
Alliance retains a positive outlook for the FY2022 with organic growth opportunities geographically and across contract, charter and wet lease revenue streams. Outlook Contract and charter operations are expected to The charter sector is forecast to continue at similar benefit from the re-deployment
Slide 16: Other Information
OTHER INFORMATION For the year ended 30 June 2021 16
Slide 17: Stable Contract Client Base
Stable Contract Client Base Four material contracts renewed/extended in FY2021 Contract 15 Contract 14 Contract 13 Contract 12 Contract 11 Contract 10 Contract 9 Contract 8 Contract 7 Contract 6 Contract 5 Contract 4 Contract 3 Contract 2 Contract 1 June 2016 June 2017 June 2018 June 2019 June 2020
Slide 18: Commodity Exposure
Bauxite Copper/ Gold 2% 3% Bauxite Commodity Gold Copper/ Gold Exposure 19% Iron Ore Phosphate Major commodity exposure as a percentage of FY2021 Iron Ore 29% Copper/ Gold /Uranium revenue by the top 15 Silver / Lead / Zinc 5% contracted clients. Manganese Nickel Zinc 8% Oil / Gas Oil / Gas Nickel 6
Slide 19: Footprint
Darwin - Crew - Line Maintenance Footprint - Operational base - Offices Cairns - Crew - Line Maintenance - Operational base - Offices Townsville - Hangar - Crew - Line Maintenance - Operational base - Offices Rockhampton - Crew - Line Maintenance - Operational base - Offices Brisbane - Hangar - Majo
Slide 20: Operational Performance
Forecast Fokker Fleet Forecast E190 Fleet Safety FY 2022 FY 2022 Certifications Operational Performance Renewed IOSA F100 – 100 Seat Jet Aircraft E190 – 94-114 Seat Jet Aircraft certification in FY20 No. in fleet – 24 No. in operating fleet – 5 No. settled & not in service - 21 Remaining to be settl
Slide 21: Disclaimer
Disclaimer Reliance on third party information This presentation was prepared by Alliance Aviation Services Limited (ACN 153 361 525) (“Alliance”). Certain market and industry data used in this presentation may have been obtained from research, surveys or studies conducted by third parties, includin
Slide 22: Disclaimer (cont.) Acknowledgments
Disclaimer (cont.) Future performance and forward-looking statements This Presentation contains certain “forward-looking statements”. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions are i