Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q2 2024 Earnings Presentation
24 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Aug 7, 2024
Slide 1: 2Q24 Earnings Webcast
2Q24 Earnings Webcast 07 August 2024
Slide 2: Starting Shortly…
Starting Shortly…
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda Financial & Operational Headlines Operational Performance Outlook for 2H24 Financial Review Q&A
Slide 5: Financial & Operational Headlines
Financial & Operational Headlines
Slide 6: 2Q24 Operational Headlines
2Q24 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 2Q24: 1.1 mn 2Q24: 74.0% 2Q24: 11.9 hrs 2Q24: KWD44.3 2Q23: 1.0 mn 2Q23: 74.4% 2Q23: 13.4 hrs 2Q23: KWD44.7 +6.5% -0.4% -11.0% -0.9%
Slide 7: 1H24 Operational Headlines
1H24 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1H24: 2.3 mn 1H24: 76.6% 1H24: 11.8 hrs 1H24: KWD40.8 1H23: 2.1 mn 1H23: 78.1% 1H23: 13.5 hrs 1H23: KWD42.8 +5.3% -1.5% -13.0% -4.8%
Slide 8: 2Q24 Financial Headlines
2Q24 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 2Q24: KWD52.6 mn 2Q24: KWD6.7 mn 2Q24: KWD5.4 mn 2Q23: KWD49.5 mn 2Q23: KWD5.7mn 2Q23: KWD4.0 mn +6.2% +17.6% +37.3%
Slide 9: 1H24 Financial Headlines
1H24 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT * 1H24: KWD98.9 mn 1H24: KWD8.0 mn 1H24: KWD2.7 mn 1H23: KWD97.8 mn 1H23: KWD9.3 mn 1H23: KWD6.3 mn +1.1% -14.3% -56.4% * 1H24 includes fx loss of KWD2.5 mn mainly resulting from EGP devaluation in March 2024
Slide 10: Ancillary Revenue
Ancillary Revenue CARGO ANCILLARY REVENUE REVENUE 2Q24: KWD523.1 k 2Q24: KWD5.2 mn 2Q23: KWD536.9 k 2Q23: KWD4.4 mn -2.6% +18.2% 1H24: KWD1.0 mn 1H24: KWD9.6 mn 1H23: KWD1.1 mn 1H23: KWD8.4 mn -7.8% +13.8%
Slide 11: Terminal 5 Performance
Terminal 5 Performance 2Q24 KWD3.5 mn KWD2.9 mn KWD2.7 mn Revenue EBITDA Net Profit 2Q23: KWD3.0 mn 2Q23: KWD2.5 mn 2Q23: KWD2.3 mn 1H24 KWD6.6 mn KWD5.4 mn KWD5.1 mn Revenue EBITDA Net Profit 1H23: KWD5.8 mn 1H23: KWD4.7 mn 1H23: KWD4.3 mn Improved flow in T5 as a result of capacity investments 2.3
Slide 12: Operational Performance
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Slide 13: 1H24 Market Share & Passengers Distribution
1H24 Market Share & Passengers Distribution PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC MARKET SHARE DISTRIBUTION – 1H23 DISTRIBUTION – 1H24 28.8% AT KWI Other, 9% Other, 15% Europe, 14% Europe, 10% GCC, 39% 29.6% 28.8% GCC, 39% 28.1% 21.4% Egypt, 18% 16.8% Egypt, 19% Subcontinent, 19% Subcontinent,
Slide 14: Operational Updates
Operational Updates New Record Operations IOSA Certification Fleet Growth Destinations The highest on record aircraft Renewed registration of Added one A320 ceo to the fleet • Krakaw, Poland movement for Jazeera in 2Q Operational Safety Audit (IOSA) bringing current fleet to 24 • Batumi, Georgia and
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Slide 16: 2H24 Outlook
_ 2H24 Outlook
Slide 17: Modest outlook for 2H24
Modest outlook for 2H24 Revenue Costs Market Conditions Strong passenger count effective June 24 Fuel prices higher than last year but crack Oversupply in the market persists but the driven by Hajj season followed by the high spread is normalizing. supply-demand equilibrium point is better traffic s
Slide 18: Financial Review
Financial Review
Slide 19: 2Q24 & 1H24 Key Parameters
2Q24 & 1H24 Key Parameters 2Q23 Vs 2Q24 1H23 Vs 1H24 Operating Parameters 2Q23 2Q24 CHANGE Operating Parameters 1H23 1H24 Change Average Aircraft 20.2 23.0 13.7% Average Aircraft 20.1 23.0 14.5% Destination Cities 65 61 -6.2% Destination Cities 66 62 -6.1% Revenue Drivers 2Q23 2Q24 CHANGE Revenue Dr
Slide 20: 2Q24 Financial Performance
2Q24 Financial Performance In KWD 2Q23 2Q24 CHANGE In KWD FY23 1H24 CHANGE Cash 32,904,993 43,970,990 33.6% Operating Revenue 49,526,634 52,588,047 6.2% Fixed Assets 75,239,066 76,167,050 1.2% Operating Expenses (43,804,606) (45,856,274) 4.7% Total Assets 286,436,125 298,515,781 4.22% Operating Prof
Slide 21: 2Q24 Key Performance Metrics
2Q24 Key Performance Metrics BRENT Swap Vs. SINGJET Swap (USD/BBL) Quarterly Yield (KWD) 175 112.8 107.6 102.4 98.6 91.6 101 88 92 75 68 62 85.8 85.0 48 48 55.5 82.9 81.8 40 41 45 41 44 SINGJET Swap 77.9 32 37 BRENT Swap 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
Slide 22: Q&A
Q&A
Slide 23: Contact
Contact For more information please contact: Krishnan Balakrishnan Deputy CEO & CFO krishnan.balakrishnan@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reuters: JAZK.KW Stay up to date with the latest investor information: investorrelations.jazee
Slide 24: Thank You
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