Slide 1: Earnings Presentation Q2 FY19
Earnings Presentation Q2 FY19 Jul – Sep 2018 Oct 24th, 2018 1
Slide 2: Safe harbor
Safe harbor This document may contain some statements on the Company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward looking statements. This document forms part of the quarterly earnings release and should be view
Slide 3: Overview
Overview
Slide 4: Key highlights
Key highlights • Reported Net Loss of INR 6,521 million for the quarter ended September 2018 compared to a net profit of INR 5,516 million for the same period last year o Higher fuel prices responsible for more than half of the profitability decline; remainder due to currency depreciation and lower
Slide 5: Financial Overview
Financial Overview
Slide 6: Financial highlights for the quarter
Financial highlights for the quarter Quarter Ended Particulars (in INR million) Sep'18 Sep'17 Change% ASK (billion) 19.5 15.1 28.9% Total income 65,142 55,056 18.3% RASK (INR) 3.23 3.52 -8.1% Total expenses 75,023 47,410 58.2% CASK (INR) 3.74 3.01 24.1% CASK ex fuel (INR) 2.18 1.92 13.5% EBITDAR 2,2
Slide 7: Revenue breakup for the quarter
Revenue breakup for the quarter Quarter Ended Particulars (in INR million) Sep'18 Sep'17 Change% Revenue from operations 61,853 52,910 16.9% Other income 3,289 2,146 53.3% Total income 65,142 55,056 18.3% ASK (billion) 19.5 15.1 28.9% RPK (billion) 16.4 12.7 29.7% Load factor (%) 84.5% 84.0% +0.5 pt
Slide 8: Cost breakup for the quarter
Cost breakup for the quarter Quarter Ended Particulars (in INR million) Sep'18 Sep’17 Change% Aircraft fuel expenses 30,355 16,473 84.3% Aircraft and engine rentals 11,161 8,193 36.2% Purchase of stock in trade 335 294 13.8% Changes in inventories of stock in trade (6) 14 -143.8% Employee benefits 7
Slide 9: Cash and Debt
Cash and Debt As of Particulars (in INR million) Sep'18 Sep'17 Change% Free Cash 44,175 76,018 -41.9% Restricted Cash 87,462 53,238 64.3% Total Cash 131,637 129,256 1.8% Debt 26,411 25,368 4.1% 9
Slide 10: Capacity update
Capacity update • For third quarter fiscal year 2019, year over year capacity increase in ASKs is expected to be 35% • For fiscal year 2019, year-over-year increase in ASKs is expected to be 30% 10
Slide 11: Appendix
Appendix
Slide 12: Fleet breakup
Fleet breakup 30th Sep, 2018 30th Jun, 2018 30th Sep, 2017 189 169 141 • 29 Owned/Finance • 26 Owned/Finance • 17 Owned/ Finance Lease Lease Lease • 160 Operating Lease • 143 Operating Lease • 124 Operating Lease • 50 A320neo • 36 A320neo • 24 A320neo • 127 A320ceo • 124 A320ceo • 117 A320ceo • 12 A
Slide 13: Definitions and Abbreviations
Definitions and Abbreviations Term Description ASK Available Seat Kilometer CASK Total Cost net of finance income per Available Seat Kilometer CASK ex fuel Total Cost excluding fuel cost net of finance income per Available Seat Kilometer Earnings before finance income and cost, tax, depreciation, am
Slide 14: Thank You
Thank You