Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q1 FY2010-11 Earnings Presentation
11 slides from Singapore Airlines's earnings presentation, August 2010
Slide 1: Singapore Airlines Group Financial Results Q1 FY2010-11
SINGAPORE AIRLINES GROUP FINANCIAL RESULTS For Q1 FY2010-11 Ended 30 June 2010 197200078R PARENT AIRLINE COMPANY Q1 FY2010-11 Results
Slide 2: Parent Airline Company Q1 2010-11 Results
PARENT AIRLINE COMPANY Q1 2010-11 Q1 Q1 Better/ 2010-11 2009-10 (Worse) % Total Revenue ($ M) 2,776.1 2,221.8 24.9 Total Expenditure ($ M) 2,640.2 2,493.2 (5.9) -- Fuel cost 874.8 631.0 (38.6) -- Fuel hedging loss 63.9 236.1 72.9 -- Non-fuel expenditure 1,701.5 1,626.1 (4.6) Operating Profit/(Loss)
Slide 3: Parent Airline Yield, Unit Cost and Breakeven Load Factor
PARENT AIRLINE COMPANY Q1 2010-11 Q1 Q1 Change 2010-11 2009-10 % Pax Yield – include fuel 11.7 10.2 +14.7 surcharge (¢/pkm) Passenger Unit Cost 9.0 8.6 + 4.7 (¢/ask) Passenger Breakeven Load 76.9 84.3 - 7.4 pts Factor (%) Passenger Load Factor +1.5 -12.7 +14.2 pts Spread (%) Slide 4 PARENT AIRLINE C
Slide 4: Operating Performance: Passenger Load Factor
PARENT AIRLINE COMPANY Q1 2010-11 Operating Performance % 85 Passenger Load Factor 84.3 Breakeven Load Factor 80 78.9 78.4 76.7 76.9 75.6 75 70.8 70.2 69.6 70 65 60 Slide 6 Q1 06/07 Q1 07/08 Q1 08/09 Q1 09/10 Q1 10/11 PARENT AIRLINE COMPANY Q1 2010-11 Operating Performance % 85 Passenger Load Factor
Slide 5: Cost Composition and Top 5 Expenditure Breakdown
PARENT AIRLINE COMPANY Q1 2010-11 Cost Composition Others 20.7% (+0.7 pt) Fuel Cost Post Hedging 35.6% (+0.8 pt) Passenger Costs 5.2% (+0.2 pt) Handling Charges 7.5% (-0.3 pt) Aircraft Staff Costs Depreciation & 13.9% (-0.6 pt) Lease Rentals 17.1% (-0.8 pt) Slide 8 PARENT AIRLINE COMPANY Q1 2010-11
Slide 6: Fuel Expenditure
PARENT AIRLINE COMPANY Q1 2010-11 Fuel Expenditure $M 1,200 +6.3 -49.8 +287.3 Higher -172.2 1,100 volume Weakening of uplifted USD against SGD 1,000 938.7 Lower fuel +71.6 900 867.1 (+8.3%) hedging loss Higher weighted average fuel 800 price 700 Q1 2009-10 Price Volume Forex Fuel Q1 2010-11 Hedging
Slide 7: SIA Group Revenue
SIA GROUP Q1 2010-11 Group Revenue $M 4,500 4,131.7 4,000 3,622.1 3,421.0 3,465.8 3,500 3,000 2,871.4 2,500 2,000 1,500 1,000 1Q06/07 1Q07/08 1Q08/09 1Q09/10 1Q10/11 Slide 12 (Actual) SIA GROUP Q1 2010-11 Group Revenue $M 4,500 4,131.7 4,000 3,622.1 3,465.8 Q1 2010-11 vs 3,500 3,421.0 Q1 2009-10 (P)
Slide 8: SIA Group Expenditure
SIA GROUP Q1 2010-11 Group Expenditure $M 4,500 4,000 3,788.5 3,500 3,147.2 3,158.8 3,190.7 3,215.3 3,000 2,500 2,000 1,500 1,000 1Q06/07 1Q07/08 1Q08/09 1Q09/10 1Q10/11 Slide 14 (Actual) SIA GROUP Q1 2010-11 Group Expenditure $M 4,500 4,000 3,788.5 Q1 2010-11 vs 3,500 3,025.7 3,147.2 3,158.8 (-165.
Slide 9: SIA Group Operating Profit
SIA GROUP Q1 2010-11 Group Operating Profit $M 600 400 200 -319.3 0 273.8 463.3 343.2 250.5 -200 -400 -600 1Q06/07 1Q07/08 1Q08/09 1Q09/10 1Q10/11 Slide 16 (Actual) SIA GROUP Q1 2010-11 Group Operating Profit $M % 600 12.8 14 8.3 10 400 8.0 7.2 Operating 6 Profit 200 $616.9M -366.4 (-47.1) 2 0 273.8
Slide 10: Operating Profit/(Loss) by Company
SIA GROUP Q1 2010-11 Group Operating Profit/(Loss) Q1 2010-11 Q1 2009-10 Better/ ($ M) (Proforma) (Worse) ($ M) ($ M) SIA 135.9 (271.4) 407.3 SIAEC 36.2 12.3 23.9 SIA Cargo 59.7 (103.5) 163.2 SilkAir 15.3 (3.4) 18.7 Others 3.4 (0.4) 3.8 Group Total 250.5 (366.4) 616.9 Slide 18 SIA GROUP Q1 2010-11 G
Slide 11: Profit Attributable to Owners of the Parent
SIA GROUP Q1 2010-11 Group Profit Attributable to Owners of the Parent $M 600 575.1 424.1 400 358.6 252.5 Grp Profit Attr. 200 To Owners of -342.7 (-35.6) the Parent 0 $595.2M -200 -400 -600 1Q06/07 1Q07/08 1Q08/09 1Q09/10 1Q10/11 Slide 20 (Proforma)
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