AGENDA CONSOLIDATED INCOME STATEMENT REVIEW CONSOLIDATED INCOME STATEMENT REVIEW KEY PERFORMANCE INDICATORS KEY PERFORMANCE INDICATORS OPERATIONAL REVIEW OPERATIONAL REVIEW OUTLOOK OUTLOOK
CONSOLIDATED Adjusted Adjusted INCOME Q1 FY08 Q1 FY08 Change Change Q1 FY07 Q1 FY07 STATEMENT ($M) ($M) ($M) ($M) REVIEW Passenger Revenue 52.7 52.7 49.3 49.3 +6.9% +6.9% Passenger Revenue 52.7 52.7 52.7 52.7 52.7 52.7 49.3 49.3 49.3 49.3 49.3 49.3 +6.9% +6.9% +6.9% +6.9% +6.9% +6.9% Total Revenue 63.9 63.9 63.9 63.9 51.2 51.2 51.2 51.2 +24.7% +24.7% +24.7% +24.7% Total Revenue 63.9 63.9 63.9 63.9 51.2 51.2 51.2 51.2 +24.7% +24.7% +24.7% +24.7% Fuel Cost Fuel Cost 10.8 10.8 10.8 10.8 10.8 10.8 8.95 8.95 8.95 8.95 8.95 8.95 +20.7% +20.7% +20.7% +20.7% +20.7% +20.7% 10.8 10.8 8.95 8.95 +20.7% +20.7% Other Costs & Other Costs & 46.4 46.4 46.4 46.4 35.1 35.1 35.1 35.1 +32.2% +32.2% +32.2% +32.2% 46.4 46.4 46.4 46.4 35.1 35.1 35.1 35.1 +32.2% +32.2% +32.2% +32.2% Expenses Expenses Profit After Tax 5.7 5.7 5.7 5.7 5.4 5.4 5.4 5.4 +5.6% +5.6% +5.6% +5.6% Profit After Tax 5.7 5.7 5.7 5.7 5.4 5.4 5.4 5.4 +5.6% +5.6% +5.6% +5.6% In Q1 FY07, 50% of Pel-Air’s profits reflected in PAT figure. Q1 FY08 includes 100% of Pel-Air’s results as it became a subsidiary on 1 st Jan 07.
KEY Q1 FY08 Q1 FY07 Change Q1 FY08 Q1 FY07 Change PERFORMANCE Passengers 383,611 344,499 +11.4% Passengers 383,611 344,499 +11.4% INDICATORS ASKs (M) ASKs 216 191 +13.1% 216 191 +13.1% (M) Average Fare ($) Average Fare 137.40 137.40 143.22 143.22 -4.1% - 4.1% ($) (Excl. fuel levy) (Excl. fuel levy) (115.64) (115.64) (119.63) (119.63) ( (- -3.3%) 3.3%) Load Factor (%) Load Factor 66 68 -2.0% pts 2.0% pts 66 68 - (%) Revenue/ASK (cents)* Revenue/ASK 24.4 25.8 -5.4% 5.4% 24.4 25.8 - (cents)* 22.7 23.1 -1.7% 1.7% Total cost/ASK (cents)* 22.7 23.1 - Total cost/ASK (cents)* (Excl. fuel)* (Excl. fuel)* (18.4) (18.4) 0% (18.4) (18.4) 0% Fuel % Total Cost* Fuel % Total Cost* 18.7 20.3 -1.6% pts 1.6% pts 18.7 20.3 - * For comparative purposes, Pel-Air’s results have been excluded
OPERATIONAL Ceased OLP services (29 return flights per Ceased OLP services (29 return flights per REVIEW nd July 07 week) on 2 nd July 07 week) on 2 Commenced services between Griffith and Commenced services between Griffith and Melbourne and increased frequency Melbourne and increased frequency between Griffith and Sydney between Griffith and Sydney Increased frequency to Mount Gambier, Increased frequency to Mount Gambier, Whyalla, Port Lincoln and Burnie Whyalla, Port Lincoln and Burnie Pilot shortage Pilot shortage
Rex Pilot Resignation FY05/06,06/07,07/08 50 45 40 35 30 25 20 15 10 5 0 FY05/06 FY06/07 Q 1 FY07/08 Resi gnat i ons
Rex Pilot Turnover FY05/06,06/07,07/08 70 60 Annualised AR* 61.4%** 50 Annual AR* 18.4% 40 30 Annual AR* 7.3% 20 10 0 FY 05-06 FY 06-07 FY 07-08 (Jul-Oct) Resignation Hired *Attrition rate ** Annualised rate based on actual July – Oct 07 and forecast Nov - Dec 07
OTP Calendar Year 2004-2006 On Time Departure On Time Departure On Time Departure On Time Departure Cancellation Rate (%) Cancellation Rate (%) Cancellation Rate (%) Cancellation Rate (%) Airline Airline Airline Airline 2006 2006 2006 2006 2005 2005 2005 2005 2004 2004 2004 2004 2006 2006 2006 2006 2005 2005 2005 2005 2004 2004 2004 2004 2 nd nd 1 st st 2 nd nd 0.3% 0.2% 0.2% 2 1 2 0.3% 0.2% 0.2% 4 th th 4 th th 3 rd rd 0.9% 1.1% 0.9% 4 4 3 0.9% 1.1% 0.9% 3 rd rd 7 th th 5 th th 1.0% 1.2% 0.8% 3 7 5 1.0% 1.2% 0.8% 5 th th 5 th th 4 th th 5 5 4 0.5% 0.5% 1.0% 1.0% 1.0% 1.0% st rd th 1 st 1 3 rd 3 6 th 6 0.8% 0.8% 0.8% 0.8% 0.8% 0.8% 6 th th 2 nd nd 1 st st 2.3% 1.5% 0.2% 6 2 1 2.3% 1.5% 0.2% th th 6 6 th 6 th 6 N/A N/A 2.3% 2.3% 1.7% 1.7% N/A N/A
Cancellations Aug 2007 Latest BTRE Report Latest BTRE Report - Latest BTRE Report Latest BTRE Report - Aug 2007 - - Aug 2007 Aug 2007 Aug 2007 Airline Airline Airline Airline Cancellation Rate (%) Cancellation Rate (%) Cancellation Rate (%) Cancellation Rate (%) nd (0.7%) 2 nd (0.7%) 2 st (0.6%) 1 st 1 (0.6%) th (1.8%) 5 th (1.8%) 5 st (0.6%) 1 st 1 (0.6%) th (1.6%) 4 th (1.6%) 4 rd (0.8%) 3 3 rd (0.8%) th (2.7%) 6 th (2.7%) 6 Sept 2007 (1.8%) Oct 2007 (2.1%) Sept 2007 (1.8%) Oct 2007 (2.1%)
OUTLOOK Civil Aviation Training Academy (CATA) Civil Aviation Training Academy (CATA) Pilot Cadet Scheme Pilot Cadet Scheme Profit Guidance Profit Guidance
Civil Aviation Training Academy (CATA) Cadet pilot training conducted by new flying academy called CATA Cadet pilot training conducted by new flying academy called CATA Training will be conducted at Mangalore airport in Victoria Training will be conducted at Mangalore airport in Victoria Approx. 32 weeks to qualify for a commercial pilot license with Approx. 32 weeks to qualify for a commercial pilot license with command instrument rating and multi- -engine endorsement engine endorsement command instrument rating and multi Full food and board provided as part of course fee Full food and board provided as part of course fee
REX Pilot Cadet Scheme OUTLOOK rd Oct 07 Launched on 3 rd Oct 07 Launched on 3 Designed to make flying training more affordable for Designed to make flying training more affordable for aspiring pilots aspiring pilots The cadet scheme is designed to supplement the The cadet scheme is designed to supplement the existing recruitment program existing recruitment program Rex to loan 50 % of flying training cost estimated at Rex to loan 50 % of flying training cost estimated at AUD 80K to successful applicants, repayable over 7 yrs AUD 80K to successful applicants, repayable over 7 yrs Scholarship to high achievers, bonded with Rex for Scholarship to high achievers, bonded with Rex for 6 yrs 6 yrs Initially targeting 40 cadets per annum, adjusting the Initially targeting 40 cadets per annum, adjusting the intake in accordance to demand intake in accordance to demand
Profit Guidance Maintain profit guidance of Net Profit after tax Maintain profit guidance of Net Profit after tax increase of 10% for the full financial year increase of 10% for the full financial year
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