Slide 1: First Half 2016 Financial Results
FIRST HALF 2016 FINANCIAL RESULTS Earnings Call Presentation Singapore 29 August 2016
Slide 2: Disclaimer
Disclaimer This presentation contains general background information about the activities of BOC Aviation Limited (“BOC Aviation”), current as at the date hereof. This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an off
Slide 3: 1H 2016 Overview
1H 2016 Overview Financial Highlights US$579 million US$220 million US$212 million Total revenues and other income Core lease rental contribution1 Net profit after tax +8.2% YoY +8.4% YoY +23.8% YoY US$13.6 billion US$0.31 US$0.061 Total assets Earnings per share2 Dividend per share3 Operational Hig
Slide 4: 1H 2016 at a Glance
1H 2016 at a Glance Financial Metrics Operational Developments • Record interim net profit after tax of US$212 million • Fleet utilization rate maintained at 100% • Total revenue and other income of US$579 million • Cash collection of 100% • Core lease rental contribution1 of US$220 million • 21 new
Slide 5: Consistently Strong Financial Performance
Consistently Strong Financial Performance Steadily growing NPAT Continued revenue growth US$ Million US$ Million 400 350 300 250 200 1,091 343 919 988 150 309 277 100 212 535 579 163 163 171 453 520 50 0 2013 2014 2015 1H13 1H14 1H15 1H16 2013 2014 2015 1H13 1H14 1H15 1H16 Sustained core lease renta
Slide 6: Driven by Lease Rental Income…
Driven by Lease Rental Income… Lease rental income consistently c.90% of total revenue and other income 1H 2016 US$ million 579 535 1 4 37 Net gain on sale 28 of aircraft 16 26 6% Interest and fee income 488 516 Lease rental 4% income 89% 1H15 1H16 Lease rental Interest & fee Net gain on sale Others
Slide 7: Our Portfolio Remains Well Diversified – and Continued to Pay on Time
Our Portfolio Remains Well Diversified – and Continued to Pay on Time Diversified lease rental income1 55% of lease rental income from Asia Pacific Cathay Pacific Group 7.1%2 AirAsia X Middle East and Africa 5.9% 6.5% Thai Airways 5.5% Asia Pacific (excluding Chinese Europe Lion Air Group3 Mainland,
Slide 8: Our Fleet
Our Fleet Our Aircraft Portfolio Number of Total Number of Aircraft Type Owned Aircraft Managed Aircraft Aircraft on Order1 Aircraft Airbus A320CEO family 111 14 40 165 Airbus A320NEO family 0 0 64 64 Airbus A330 family 11 8 2 21 Boeing 737NG family 76 8 49 133 Boeing 737 MAX 8 0 0 61 61 Boeing 777-
Slide 9: Orderbook Underpins Future Balance Sheet Growth
Orderbook Underpins Future Balance Sheet Growth New deliveries of 218 aircraft Growing balance sheet US$ billion • Average of 40 aircraft committed for delivery until 2021 13.6 • 2H 2016 will be most active in our history • 100% placed for 2016; approximately 70% placed for 2017 as at 30 June 2016 N
Slide 10: Long-term, Stable and Contracted USD Cash Flows
Long-term, Stable and Contracted USD Cash Flows Well-dispersed lease expirations The longest average remaining lease term Number of years 160 80% 67.5% 140 70% 7.2 7.0 120 60% 6.3 6.0 5.5 100 Average remaining lease term of 7.2 years 50% 80 40% 60 30% 40 11.6% 20% 8.4% 20 1.9% 4.1% 4.5% 10% 0.0% 0 7
Slide 11: Debt Profile
Debt Profile Sources of debt Increasing unsecured funding BOC BOC 10.2% 8.5% Secured Loans Secured 43.1% Loans 34.3% 52.9% 38.0% Bonds Bonds 42.8% 35.9% Unsecured Unsecured 56.9% 47.1% EXIM/ECA EXIM/ECA 15.9% 14.4% Dec-2015 Jun-2016 Dec-2015 Jun-2016 All data as of 30 June 2016 unless otherwise indi
Slide 12: Looking Ahead - Positioned for Growth
Looking Ahead - Positioned for Growth • Record profits in 1H 2016 and we remain confident of our second half performance Long average remaining lease life based on well-diversified, senior unsecured airline cashflows underpin stable future lease revenues Liquid financing markets support our airc
Slide 13: www.bocaviation.com
www.bocaviation.com BOC Aviation Limited 8 Shenton Way #18-01 Singapore 068811 Phone +65 6323 5559 Facsimile +65 6323 6962 Incorporated in the Republic of Singapore with limited liability Company Registration No. 199307789K 13