Norwegian Air Shuttle Asa · OSL:NAS
Norwegian Air Shuttle Asa — Q4 2021 Earnings Presentation
17 slides from Norwegian Air Shuttle Asa's earnings presentation, Feb 18, 2022
Slide 1: Presentation of fourth quarter 2021
Presentation of fourth quarter 2021 18 February 2022
Slide 2: Highlights – improved operational performance
Highlights – improved operational performance Number of passengers who Quarterly earnings (EBT) NOK 117 million flew with us this quarter 3,140,502 Conserving cash through winter – cash & equiv. increasing to NOK 7.7 billion Realisation of surplus LGW slots Load factor 77.0% Most punctual Nordic air
Slide 3: Sales momentum increasing into 2022
Sales momentum increasing into 2022 Traffic development 7-day rolling sales figures (abs) – All markets* Early Q4 production increase – adjusting capacity to demand Record high post COVID-19 bookings Omicron impacting second half of Q4 and Q1 demand Booking momentum Encouraging forward sales for sum
Slide 4: SAF product enabling emission reductions
SAF product enabling emission reductions Norwegian offering corporate customers to reduce emissions by purchasing SAF Collaboration agreement with Neste, the world’s leading producer of sustainable aviation fuel (SAF) Corporate customers can now account GHG emission reductions towards emission targe
Slide 5: Financial results for Q4 2021
Financial results for Q4 2021
Slide 6: Q4 - financial highlights
Q4 - financial highlights Revenues Unit revenue (RASK) Passenger traffic (million RPK) 3,563 0.44 0.44 2,861 Increasing traffic and ticket prices – yield 0.57 0.39 Ancillary NOK 141 per pax 492 – high share domestic travel Q4 2020 Q3 2021 Q4 2021 Q4 2020 Q3 2021 Q4 2021 Profits EBITDAR (million NOK)
Slide 7: Q4 earnings – delivering positive profits
Q4 earnings – delivering positive profits Chng. Full year Full year NOK million Q4 2021 Q3 2021 (QoQ) 2021 2020 Passenger revenue 2,032 1,517 3,912 6,455 Ancillary passenger revenue 444 388 941 1,535 Other revenue 75 22 215 1,105 Total operating revenue 2,550 1,927 +623 5,068 9,096 Personnel expense
Slide 8: Balance sheet strengthening quarter on quarter
Balance sheet strengthening quarter on quarter 31 Dec. 30 Sep. NOK million 2021 2021 Net interest bearing debt Intangible assets 2,071 2,054 Tangible fixed assets 6,768 5,827 Leasing new aircraft Total non-current assets 8,961 7,973 31 Dec. 30 Sep. Chng. NOK million 2021 2021 (QoQ) Receivables 2,153
Slide 9: Cash flow – cash build in Q4
Cash flow – cash build in Q4 NOK million Opening balance (30 Sep. 2021) 7,635 Positive cash development in historically weak quarter Reduced holdback Increased ticket sales improving Operating activities +117 Cost focus liquidity outlook Including London Focus on costs and reducing Investing activit
Slide 10: The way forward
The way forward
Slide 11: Strong Nordic presence - proven, profitable routes
Strong Nordic presence - proven, profitable routes Leading Nordic brand Norwegian Reward Summer schedule - over 270 routes Market Attractive loyalty program position pre #1 Norway 1.8 COVID-19* #2 Sweden 1.2 Denmark 0.6 4.2 MILL Finland 0.5 #2 #2 Trusted and well known brand in all Cashpoint balance
Slide 12: Ramping up - 70 aircraft for summer peak season
Ramping up - 70 aircraft for summer peak season New fuel-efficient aircraft reduce emissions and saves cost Utilising technology to improve operational efficiency 45 % reduction in carbon emission per RPK by 2030 19 aircraft sourced for summer - 737-800 NG (17 aircraft) - 737 MAX 8 (2 aircraft) Leas
Slide 13: Summary
Summary Capitalising on summer demand surge Fleet increasing to 70 aircraft Improved bookings with strong pent-up demand Targeted marketing and sales efforts Attractive reward program Robust balance sheet and flexible cost structure Omicron impact on Q1 – preserving liquidity PBH agreements in place
Slide 14: Fly Norwegian
Fly Norwegian Book tickets at Norwegian.com
Slide 15: Appendix
Appendix
Slide 16: Overview of debt facilities and terms
Overview of debt facilities and terms Zero Coupon Retained Instrument New Capital Perpetual Bonds NAS13 Bonds Claims Bonds* Ordinary: NO0010996440 ISIN: NO0010996457 NO0010996390 Early conversion: NO0010996432 Status: Subordinated Senior unsecured Secured Ordinary: NOK 1,738,293,310 Outstanding amou
Slide 17: 20 largest shareholders as of 31 December 2021
20 largest shareholders as of 31 December 2021* Name Country Number of shares Per cent 1 Geveran Trading Company, Ltd. Cyprus 134,123,801 14.4 % 2 Sundt AS Norway 124,003,198 13.4 % 3 Folketrygdfondet Norway 60,165,405 6.5 % 4 DNB Asset Management AS Norway 59,068,682 6.4 % 5 Davy Stockbrokers Irela
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