Qantas Airways Limited · ASX:QAN
Qantas Airways — FY2009 Earnings Presentation
9 slides from Qantas Airways's earnings presentation, Aug 19, 2009
Slide 1: 2008/09 Year End Results: Group Highlights
For personal use only 2008/09 Year End Results Supplementary Information Group Highlights Variance Year Ended Year Ended Variance Fav/(Unfav) 30 June 2009 30 June 2008 Fav/(Unfav) % Revenue $m 14,552 15,627 (1,075) (6.9) Group Underlying EBITDAR $m 1,905 3,077 (1,172) (38.1) Group Underlying EBIT $m
Slide 2: Revenue
Revenue $bn 18 (6.9%) Net passenger revenue $15.6 16 $14.6 down 8.7% For personal use only 14 Net freight revenue 12 down 20.3% 10 Tours and travel revenue 8 up 79.8% 6 4 Contract work revenue down 6.2% 2 0 Revenue from other FY08 FY09 sources up 11.2% (3.2%) RPKs (m) 102,466 99,176 (1.9%) ASK’s (m)
Slide 3: Revenue; Expenditure and net finance costs
Revenue – Contract work revenue down 6.2% – Loss of third party contracts in Q Catering For personal use only – Reduced third party work for line and component maintenance – Tours and travel revenue up 79.8% – Increase in customer base due to the merger of Jetset Travelworld and Qantas Holidays in J
Slide 4: Expenditure and net finance costs
Expenditure and net finance costs – Manpower and staff related costs up 4.3% For personal use only – Wage increases under Enterprise Bargaining Agreements – Restructuring costs from headcount reductions and capacity cuts – Activity impacts arising from industrial action – Aircraft Operating Variable
Slide 5: Expenditure and net finance costs
Expenditure and net finance costs – Property costs up 16.2% For personal use only – Market rental price increases on properties and additional charges attributable to new premises – Unfavourable variance for release of onerous lease provisions in the prior year – Computer and communications up 6.3%
Slide 6: Expenditure and net finance costs; Group Unit Cost and SFP Performance
Expenditure and net finance costs – Rentals expense up 12.5% For personal use only – 11 additional aircraft leased in FY09 – Ineffective and non‐designated derivative gains of $105 million compared to $55 million loss in prior year – Net finance costs of $22 million compared to $46 million income in
Slide 7: Yield and Segment Performance
Yield – Total yield (Qantas, QantasLink and Jetstar) excluding exchange for the current period decreased by 4.3% from the prior year For personal use only – Total domestic yield (Qantas, QantasLink and Jetstar) excluding exchange for the current period decreased by 5.1% from the prior year – Total i
Slide 8: Balance Sheet and Cash Flow
Balance Sheet As at As at Variance Variance 30 June 2009 30 June 2008 Increase / Increase / (Decrease) (Decrease) For personal use only % Total Assets $m 20,049 19,700 349 1.8 Total Liabilities $m 14,284 13,965 319 2.3 Net Assets/ Total Equity $m 5,765 5,735 30 0.5 Net Debt * $m 5,595 4,621 974 21.1
Slide 9: Aircraft In Service
Aircraft In Service As at As at Aircraft Type In (Out) 30 June 2008 30 June 2009 Qantas B747‐300 4 (4) ‐ For personal use only B747‐400 24 24 B747‐400ER 6 6 B767‐300ER 29 29 B737‐300 5 (2) 3 B737‐400 21 21 B737‐800NG 35 3 38 A330‐200 4 2 6 A330‐300 10 10 A380‐800 ‐ 3 3 Total Mainline Fleet 138 8 (6)