Alliance Aviation Services Limited · ASX:AQZ
Alliance Aviation Services — FY2022 Earnings Presentation
26 slides from Alliance Aviation Services's earnings presentation, Aug 10, 2022
Slide 1: Results Presentation for Year Ended 30 June 2022
Alliance Aviation Services Limited Results Presentation For Year Ended 30 June 2022 10 August 2022
Slide 2: Contents
Contents 03. KEY MESSAGES 04. E190 DEPLOYMENT ACTIVITY 05. FIVE REVENUE STREAMS 06. OPERATIONAL METRICS 07. FINANCIAL SUMMARY 15. DEPLOYING THE E190’S 16. ROCKHAMPTON HANGAR 17. OUTLOOK 19. GROWING CLIENT CONTRACT BASE 20. COMMODITY EXPOSURE 21 & 22. CONTRACT AND WET LEASE FOOTPRINT 23. ESG OVERVIEW
Slide 3: Key Messages
Key Messages CASH Alliance Aviation Services Limited announces a full Increased underlying year result which includes: Underlying profit cash generation which before tax of Revenue from operations continued to fund growth $45.3.m1 of $367.5m, up 19% • Significant increase in contracted wet lease rev
Slide 4: E190 Deployment Activity
Activity Status – June 2022 Status – December 2021 E190 Contracted wet 18 options exercised with 13 10 options exercised with five lease activity delivered. delivered. Balance of five aircraft will be called Deployment up in July, November, December and January (x2). Activity E190 recruitment Staff
Slide 5: Five Revenue Streams
Five Revenue Contract Revenue Wet Lease Streams RPT Charter Aviation Revenue Revenue Services 1 2 3 4 5 Wet lease activity experience the most Contract Revenue Wet Lease RPT Revenue Charter Revenue Aviation Services significant growth in Long-term contract Operating Alliance aircraft Regular public
Slide 6: Operational Metrics
Operational Detail 30 June 2022 30 June 2021 Metrics Aircraft in service – Fokker 1 42 43 Aircraft in service – Embraer 2 19 5 Alliance continues to deliver a strong operational performance. Flight Hours – contracted 26,926 25,873 The Company is now transitioning from a period of investment in Fligh
Slide 7: Financial Summary
Financial Summary For the year ended 30 June 2022
Slide 8: Statutory to Underlying PBT Bridge
Statutory to Underlying PBT Bridge Alliance continued to invest in growth in FY2022 with activity growth not occurring until April 2022.
Slide 9: Income Statement
. Restated % PCP ($ in millions) 30 June 2022 30 June 2021 Change Actual Actual Revenue Income Contract revenue 257.8 214.2 21% Statement Wet lease revenue 55.4 7.8 610% Charter revenue 25.4 43.7 (42%) Observations: RPT revenue 17.9 33.6 (47%) Aviation services 8.9 8.0 11% • Wet lease revenue experi
Slide 10: Statement of Financial Position
30-Jun-22 30-Jun-21 ($ in millions) % PCP Change Actual Actual Cash 20.9 36.2 (42%) Receivables 57.1 49.4 16% Statement of Inventory Disposal grouped held for 82.4 4.6 85.0 0.0 (3%) n/a Financial Position sale Total current assets 165.0 170.6 (3%) PP&E & Intangibles 474.2 407.1 16% Observations: Rig
Slide 11: Statutory to Underlying Operating Cashflow
Statutory to Underlying Operating Cashflow
Slide 12: Cash Flow Statement
($ in millions) 30 June 2022 30 June 2021 Receipts from customers (inclusive of GST) 415.4 336.9 Cash Flow Payments to suppliers (inclusive of GST) (354.9) (294.7) Net interest (paid)/received (6.6) (1.4) Statement Income tax paid Net cash inflow from operating activities (1.5) 52.4 (1.0) 39.8 Obser
Slide 13: Capital Expenditure
30 June 2022 FY2023 ($ in millions) Actual Forecast Existing fleet maintenance Cash outflows Capital Base maintenance providers 6.8 8.5 Engine care program/Engine 12.9 17.2 Maintenance Expenditure Other miscellaneous Operating costs capitalised 1.8 1.7 4.0 2.5 Observations: Total cash outflows 23.2
Slide 14: Growth Strategy FY2023 and beyond
Growth Strategy FY2023 and beyond
Slide 15: Deploying the E190's
Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Q3FY23 Deploying Number of the E190’s Aircraft in 15 22 23 29 33 33 Australia 33 E190 aircraft have been acquired. 18 Contracted to Qantas 9 Alliance Fleet Number of 3 Dry Lease Aircraft in 11 17 19 25 31 33 3 In Maintenance when at full capacity Service Annualised
Slide 16: Rockhampton Maintenance Hangar
Rockhampton Maintenance Hangar • The construction of a three bay 10,000 square metre maintenance facility at Rockhampton Airport is progressing as planned which commissioning expected in February 2023. • As well as securing Alliance’s supply chain with the onshoring of its base maintenance there are
Slide 17: Outlook
Alliance retains a positive outlook for the 2023 financial year. Investment in growth has occurred in FY2022 and FY2023 is the year to deliver increased profitability. Outlook Contract revenue will continue to grow RPT revenues will decrease during the year to align organically along with significan
Slide 18: Other Information
Other Information For the year ended 30 June 2022 18
Slide 19: Growing Contract Client Base
Growing Contract Client Base 1 One contract renewal currently being negotiated with two due for renewal in FY2023. Previous contract Opportunities for new contracts in FY2023. Current contract In negotiation Chart Title Contract 15 Contract 14 Contract 13 Contract 12 Contract 11 Contract 10 Contract
Slide 20: Commodity Exposure
Silver / Lead / Zinc 7% Commodity Manganese 7% Gold 22% Exposure Coal 7% Major commodity exposure as a percentage of FY2022 Bauxite revenue by the top 15 2% contracted clients. Nickel 10% Oil / Gas 5% Iron Ore 22% Copper/ Gold /Uranium 15% Phosphate 3%
Slide 21: Footprint Contract
Darwin - Crew - Line Maintenance Footprint - Operational base - Offices Cairns - Crew Contract - Line Maintenance - Operational base - Offices Townsville - Hangar Alliance is the most successful - Crew - Line Maintenance charter operator in Australia. Our - Operational base - Offices Australia wide
Slide 22: Footprint Wetlease
Darwin - Crew - Line Maintenance - Operational base - Offices Footprint Cairns - Crew Wetlease - Line Maintenance - Operational base - Offices Townsville - Hangar Alliance is the premier wet lease - Crew - Line Maintenance operator for Australia and the - Operational base - Offices Pacific. Rockhamp
Slide 23: ESG Overview
ESG Overview Environmental Social Governance Alliance is committed to embracing Alliance is dedicated to supporting the people The Alliance Board has ultimate responsibility of opportunities to manage and reduce its impact and communities that it services and operates the Company and the systems, po
Slide 24: Operational Performance
Fokker Fleet E190 Fleet Safety Forecast FY2023 Forecast FY2023 Certifications Operational Performance IOSA certification renewal in F100 – 100 Seat Jet Aircraft FY2022 No. in fleet – 24 F70 – 80 Seat Jet Aircraft E190 – 94-114 Seat Jet Aircraft No. in operating fleet – 33 96% No. in fleet - 13 BARS
Slide 25: 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 26: Disclaimer (cont.)
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
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