Jazeera Airways Co. (KSC) · KSE:JAZEERA
Jazeera Airways Co. (KSC) — Jazeera Airways — 9M21 Earnings Presentation
31 slides from Jazeera Airways Co. (KSC)'s earnings presentation, Nov 2, 2021
Slide 1: 9M21 Earnings Conference Call
9M21 Earnings Conference Call November 2, 2021 Jazeera takes delivery of new Airbus A320neo
Slide 2: Starting Shortly…
Starting Shortly… Jazeera partners with Kuwait’s Red Crescent to transport food and medicine to Lebanon
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 9M21 in Review Travel Status at Kuwait Airport and in Network Financial Headlines Operational Performance Outlook for 2021 Financial Review Q&A Jazeera starts first ever service to Bishkek
Slide 5: 9M21 in Review
9M21 in Review Gradual lifting of restrictions at Continue to grab opportunities for KWI: new routes: - Suspension of flights from 35 Launched flights to never served and countries lifted gradually starting high demand destinations to serve August 1, 2021. appetite for tourism and large expat - Arri
Slide 6: Travel Status at KWI and Network
Travel Status at KWI and Network KWI JAZEERA NETWORK Suspension lifted on Majority destinations flights to 35 countries, offering quarantine-free increase of capacity and travel for vaccinated opening entry to KWI to passengers. London eases non-Kuwaiti passengers on quarantine on passengers August
Slide 7: Financial & Operational Headlines
Financial & Operational Headlines Jazeera celebrates return of direct flights to Beirut.
Slide 8: 3Q21 Operational Headlines
3Q21 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 3Q21: 302.9 k 3Q21: 65.6% 3Q21: 7.0 hrs 3Q21: KWD101.5 3Q20: 65.6 k 3Q20: 51.8% 3Q20: 2.4 hrs 3Q20: KWD87.9 +361.8% +26.7% +192.0% +15.5%
Slide 9: 9M21 Operational Headlines
9M21 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 9M21: 511.1 k 9M21: 60.7% 9M21: 4.6 hrs 9M21: KWD89.3 9M20: 605.9 k 9M20: 66.0% 9M20: 4.6 hrs 9M20: KWD51.6 -15.6% -8.1% +0.8% +72.9%
Slide 10: 3Q21 Financial Headlines
3Q21 Financial Headlines OPERATING OPERATING NET REVENUE PROFIT RESULT 3Q21: KWD31.7 mn 3Q21: KWD12.8 mn 3Q21: KWD11.8 mn 3Q20: KWD6.1 mn 3Q20*: -KWD5.5mn 3Q20: -KWD5.6 mn +421.7% +332.2% +310.2% BEST EVER Q3 EARNINGS * 3Q20 operating expenses regrouped to adjust for finance expenses
Slide 11: 9M21 Financial Headlines
9M21 Financial Headlines OPERATING OPERATING NET REVENUE PROFIT RESULT 9M21: KWD47.3 mn 9M21: KWD1.6 mn 9M21: 70.6 k 9M20: KWD32.8 mn 9M20*: -KWD11.8 mn 9M20: -KWD15.5 mn +44.2% +113.2% +100.5% * 9M20 operating expenses regrouped to adjust for finance expenses
Slide 12: Ancillary Revenues
Ancillary Revenues CARGO ANCILLARY REVENUE REVENUE 3Q21: KWD763.5 k 3Q21: 2.3 mn 3Q20: KWD415.7 k 3Q20: KWD733.0 k 83.7% 213.0%
Slide 13: Terminal 5 Performance
Terminal 5 Performance 3Q21 KWD977.2 k KWD796.8 k KWD400.5 k Revenue EBITDA Net Result 3Q20: KWD206.6 k 3Q20: -KWD195.9 k 3Q20: -KWD567.1 k 3Q19: KWD1.6 mn 3Q19: KWD632.0 k 3Q19: KWD418.0 k 9M21 KWD1.6 mn KWD757.8 k -KWD426.7 k Revenue EBITDA Net Result 9M20: KWD1.2 mn 9M20: KWD17.1 k 9M20: -KWD1.0
Slide 14: Operational Performance
Operational Performance Jazeera lands in Bishkek.
Slide 15: New Routes
New Routes NEW ROUTES LAUNCHED IN 9M21 95 % On-Time Performance 88 % On-Time Performance at T5 of Airline Year to date Year to date London Heathrow Starting June 18 Yerevan First LCC in the Middle East to Starting June 3 operate direct flights to LHR. Bishkek Starting June 16 Tashkent Colombo Starti
Slide 16: Resuming Destinations
Resuming Destinations RESUMING QUARANTINE-FREE DESTINATIONS Beirut Three destinations in Turkey Service to Beirut resumed with Three routes were operated to scheduled flights on Turkey: Istanbul, Bodrum and Wednesdays and Saturdays for Trabzon, all very popular vaccinated travelers to enjoy an desti
Slide 17: Fleet Expansion
Fleet Expansion TOOK DELIVERY OF 9th A320neo to be delivered 3 A320NEO IN 9M21 in December 2021 JAZEERA FLEET AS OF END OF 9M21 8 A320neo 8 A320ceo
Slide 18: Terminal 5 Operational Update
Terminal 5 Operational Update EXPANDED ARRIVAL AREA GATES EXPANSION Arrival area expanded to Jazeera now operates through 57% accommodate a new belt for baggage. two gates connected to bridges and two with transportation. LEASE RATE IN 3Q VIV SUPPORT BUILDING VIV operations growing for Support build
Slide 19: Delivering on Promises
Delivering on Promises Implemented immediate decisive measures to safeguard financial position and liquidity including the suspension of the 2019 dividend payment, activating the drawdown of bank facilities that were not previously tapped and renegotiating cost structures with suppliers. Maintained
Slide 20: Outlook for 2021
Outlook for 2021 CEO Rohit Ramachandran with CNN anchor during the IATA 77th AGM.
Slide 21: Strong Expansion Plans
Strong Expansion Plans Revenue and Travel Moving Cost Controls Restrictions Forward • Revenue expected to continue • Restrictions have eased • Palpable recovery started and is to improve with capacity at worldwide with vaccination expected to have positive returns KWI returning to pre-Covid 19 rates
Slide 22: Financial Review
Financial Review Jazeera lands in Trabzon.
Slide 23: Capital Increase
Capital Increase • Jazeera completed a capital increase of 10%, raising KWD10 mn in July 2021 to NUMBER OF NUMBER OF meet regulatory requirements. SHARES BEFORE SHARES AFTER • The rights issue was done at a price of 200 million 220 million KWD0.500 per share. SHARE CAPITAL SHARE CAPITAL • Share prem
Slide 24: 3Q21 Key Parameters
3Q21 Key Parameters YIELD BY QUARTER (KWD) Operating Parameters 3Q20 3Q21 CHANGE Average Aircraft 13.0 14.6 12.2% Destination Cities 34 41 20.6% Revenue Drivers 3Q20 3Q21 CHANGE Seats 126,626 461,437 264.4% Passengers 65,600 302,927 361.8% Load Factor 51.8% 65.6% 26.7% PASSENGERS BY QUARTER (000) Ne
Slide 25: 3Q21 Key Parameters
3Q21 Key Parameters In KWD 3Q20 3Q21 CHANGE • Revenues are higher substantially in 3Q21 primarily due to higher level of Operating Revenue 6,079,357 31,718,936 421.7% operations coupled with increased Operating Expenses* 11,606,569 18,882,366 62.7% load factor (14%) and yield (13%). • Operating cost
Slide 26: 9M21 Key Parameters
9M21 Key Parameters YIELD BY QUARTER (KWD) Operating Parameters 9M20 9M21 CHANGE Average Aircraft 13.6 14.2 4.4% Destination Cities 62 37 -40.3% Revenue Drivers 9M20 9M21 CHANGE Seats 918,186 842,745 -8.2% Passengers 605,877 511,139 -15.6% Load Factor 66.0% 60.7% -8.1% PASSENGERS BY QUARTER (000) Ne
Slide 27: 9M21 Key Parameters
9M21 Key Parameters In KWD 9M20 9M21 CHANGE • Revenues are higher in 9M21 by 44% due to eased restrictions at Operating Revenue 32,778,159 47,272,396 44.2% Kuwait International Airport starting Operating Expenses* 44,588,289 45,719,179 2.5% July 2021. Additionally, yield in 9M21 was 73% higher. Oper
Slide 28: Fuel Prices
Fuel Prices BRENT Swap Vs. SINGJET Swap (USD/BBL) SINGJET Swap BRENT Swap Fuel as Percent of Revenue
Slide 29: .ayjul
.ayjul Jazeera.
Slide 30: Contact
Contact For more information please contact: Krishnan Balakrishnan Chief Financial Officer krishnan.balakrishnan@jazeeraairways.com Mostafa El-Maghraby Head of Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSC is listed on the Kuwait Stock Exchange Bloomberg: Jazeera KK Reu
Slide 31: Thank You
yjul Jazeera. |