Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — 9M 2023 Earnings Presentation
26 slides from Vietjet Aviation Joint Stock's earnings presentation, 2023
Slide 1: 9M.2023 Business Update and Results
9M.2023 Business Update and Results 0
Slide 2: Disclaimer
Disclaimer Information contained in our presentation is intended solely for your reference. 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 we nor our advisor makes any representation
Slide 3: Contents
Contents I. Company Overview II. Key Investment Highlights III. Business Outlook IV. Notable Events 2
Slide 4: Company Overview
Company Overview Vietjet is a market leader and a pioneer in Low-Cost Carrier (LCC) in Vietnam Business overview Vietjet has dominated domestic aviation market (9M.2023) • Established in 2007, Vietjet is a leading regional low-cost carrier and Vietnam’s first private airline to be granted operations
Slide 5: Development Milestones
Development Milestones Vietjet has operated with an incredible growth in aircraft fleet and route networks Fleet DEVELOPMENT MILESTONES (as of 30 Sep 2023) 2023 Vietjet commenced direct flights to 2022 (Sydney, Melbourne, Brisbane, Perth, Adelaide) Australia 82 Vietjet received 4 A330 2020 Vie
Slide 6: Flight Network
Flight Network Vietjet has one of the most extensive network in Vietnam and is well-positioned for international routes Astana Mongolia Almaty Seoul Daegu Tokyo Hiroshima Busan Nagoya Shanghai Fukuoka Osaka New Dehli Taipei Ahmedabad Hong Kong Taichung Tainan Kaohsiung Chiang Mai Ha Noi Mumai Bangko
Slide 7: Products and Services
Products and Services Leveraging complete digital platforms to provide full suite of air services and deliver exception experience for Vietjet’s passengers All-in-one loyalty platform Diversified fare classes SKYJOY 10 million members Fly first, Pay later Travel insurance HDBank-Vietjet Travel Credi
Slide 8: Sustainable Development
Sustainable Development Continuation of investment on “green” aviational solutions and commitment to Fly Net Zero by 2050 Modern and young fleet Owning one of the youngest and modern fleet 83 aircrafts with average age of 5.5 years, operating with economical and flexible costs Issuance of Environmen
Slide 9: Growth Prospect
Growth Prospect Vietjet among the fastest-growing airlines in APAC with the average annual growth rate more than 30% Covid impact 23.7 25.7 21.3 20.6 16.7 13.2 12.1 9.3 5.6 5.4 3.2 Pax (mn pax) 138 140 119 116 97 85 76 58 35 2,261 41 20 2,200 Sector flown 2,135 (‘000 flights) 1,785 1,694 1,160 769 5
Slide 10: Contents
Contents I. Company Overview II. Key Investment Highlights III. Business Outlook IV. Notable Events 9
Slide 11: Key investment highlights
Key investment highlights 1 # 1 LCC in Vietnam with a strong operational capability Best positioned to benefit from Vietnam’s attractive macro story and strong government 2 incentives for the Vietnam’s Aviation sector Resilient operational performance to support comprehensive strategy towards buildi
Slide 12: LCC in Vietnam with a strong operational capability
1 Key investment highlights # 1 LCC in Vietnam with a strong operational capability 1st largest fleet in Vietnam with 101 aircraft #1 LCC with 41% domestic and 52% international market share (# aircraft) Domestic International 101 52% 93 18 41% 39% 35% 83 25 14% Others 6% 7% 10 3% 7 2% 2% Others # o
Slide 13: Best positioned to benefit from attractive macro story and government incentives
2 Key investment highlights Best positioned to benefit from attractive macro story and strong government incentives for Vietnam’s Aviation sector Highest GDP per capita growth across ASEAN Highest personal disposable income growth across ASEAN Large LCC market with ample growth opportunities 6.8% 9.
Slide 14: Airport infrastructure opportunities and regulatory changes
2 Key investment highlights Best positioned to benefit from attractive macro story and strong government incentives for Vietnam’s Aviation sector Huge potential development opportunities for airport infrastructure Changes in regulations to support the airline industry Sa Pa Airport (Lao Cai) Reducti
Slide 15: Resilient operational performance
3 Key investment highlights Resilient operational performance to support comprehensive strategy towards building diversified aircraft asset portfolio Airline and consolidated revenue achieved at 54% and 59% y-o-y Ancillary revenue made up 39% of total revenue growth in 9M.2023 respectively (US$ mill
Slide 16: Stable asset base and balanced capital structure
3 Key investment highlights Resilient operational performance to support comprehensive strategy towards building diversified aircraft asset portfolio Stable asset base scale up with additional aircraft asset Well balanced capital structure with c.60% long-term resource (US$ million) Current asset No
Slide 17: Cost, cost & cost! A strong focus on cost
Cost, cost & cost! A strong focus on cost 16
Slide 18: Young and modern fleet with large aircraft orderbook
4 Key investment highlights Young and modern fleet with significant commercial and financial potential being secured by a large aircraft orderbook Fleet overview Diversified and fast growth of Vietjet’s fleet 83 aircrafts, 79 leased and 4 owned Owned 1 1 4 1 4 71 76 75 77 83 Total fleet Aircraft uti
Slide 19: Digital airline ecosystem and all-in-one loyalty platform
5 Key investment highlights Comprehensive strategy in building digital airline ecosystem and all-in-one loyalty platform Fully integrated technology management system allowing Vietjet to achieve better profitability and proficiency Digital pilot-to-maintenance Enterprise resource planning Flight dat
Slide 20: Strong brand recognition providing competitive advantage
6 Key investment highlights Strong brand recognition in Vietnam and across the region providing sustainable competitive advantage Top 50 Sustainable Development Businesses Vietnam 2023 2023 Best Low-Cost Airline Onboard Hospitality for 2023 Best Ultra Low-Cost Airline 2023 2023 Vietnam’s Best Valuab
Slide 21: Experienced board of directors and management
7 Key investment highlights Experienced board of directors and management committed to investors’ best returns Mdm. Nguyen Thi Phuong Thao Mr. Dinh Viet Phuong Mdm. Ho Ngoc Yen Phuong Chairwoman BOD member, CEO BOD member, EVP & CFO • Madam Nguyen Thi Phuong Thao is one of the • Dr. Phuong has more
Slide 22: Contents
Contents I. Company Overview II. Key Investment Highlights III. Business Outlook IV. Notable Events 21
Slide 23: Business Outlook
2023 STRATEGIC GROWTH PLANNING Business Outlook Flight network development Branding and Partnership 1 4 • Expand widely the domestic route network • Maintain and strengthen the company’s especially the key routes; strengthen the outstanding branding by improving our services domestic leader position
Slide 24: Contents
Contents I. Company Overview II. Key Investment Highlights III. Business Outlook IV. Notable Events 23
Slide 25: Notable events
Notable events Vietjet has achieved remarkable milestones in reaching momentous agreements with key partners and opening new routes to international destinations On September 4, 2023, Vietjet announced flight service from Hanoi to Jakarta – the fourth Vietjet’s route network between Vietnam and Indo
Slide 26: Thank you
Thank you 25
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