First Quarter 2010 Res First Quarter 2010 Res Results Results 31 May 2010 31 May 2010
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SNAPSHOT - 1 st Quarter 20 ter 2010 AirAsia Group PROFITABLE BLE � Strong top line growth in Malaysia sia Revenue up to RM878 million from RM7 RM797 million � Increased traffic growth of 17.1% y-o-y y of 3.7 million passengers � Profit after tax of RM224 million, up 10% 10% y-o-y � Deposits, cash and bank balances increa creased to RM938 million in 1Q10 � � Thailand exceeds expectations Revenue of THB3, 108 million recording ding 30% y-o-y growth � Posted profit after tax growth of 109% 9% y-o-y � Passenger volume and load factor up 25 25% and 5% y-o-y � � Indonesia makes PROFIT Revenue up 37% y-o-y � Posted 107% growth profit after tax y- -o-y � Passenger volume grew by 35% y-o-y y a load factor 72%, up from 68% y-o-y � � Group wide ancillary revenue up Malaysia = ↑ 54%, Thailand = ↑ 86% , 6% , Indonesia = ↑ 67% � �
Financial Results - Malaysia Year Ended: 31 March 2010 Change 1Q2010 1Q2009 RM'000 unless otherwise stated y-o-y Revenue 87 878,041 797,131 10% EBITDAR 32 323,516 389,956 -17% Lease of Aircraft (2 (21,832) (27,650) 21% EBITDA 30 301,684 362,305 -17% EBIT EBIT 186,255 186,255 18 18 264,142 264,142 -29% -29% Profit before tax 256,187 25 124,118 106% Profit after tax 22 224,110 203,150 10% Profit after Tax Margin 25.5% 25.5% - Core Operating Profit / (Loss) * 111,397 11 165,963 -33% *Core operating profit = PBT less adjustments � Core operating profit down 33% y-o-y � Both revenue and profit after tax grew w primarily due to the increase in fuel cost. 10% y-o-y � 106% growth in profit before tax y-o-y y 1Q09 1Q10 Change posting a 1Q10 of RM256 mil Fuel price US$57 US$84 ↑47% �
Revenue Breakdown - Malaysia Change 1Q2 1Q2010 1Q2009 y-o-y RM’000 Revenue Ticket Sales 632,214 632, 622,930 2% Ancillary Income Ancillary Income 140,278 140,278 140, 140, 91,248 91,248 54% 54% Other Operating Income * 101, 101,549 82,953 22% Total Revenue 878,041 878, 797,131 10% * Inclusive of aircraft lease income Tickets sales, ancillary income and oth other operating income all up in 1Q10 � Passenger ticket sales up 2% y-o-y despite ite increased capacity � Strong take-up rates in ancillary income po e posting best performance of 54% y-o-y �
Operating Statistics - Malaysia Change Year Ended: 31 March 2010 1Q2010 1Q200 2009 y-o-y � Higher passenger and Passenger Carried 3,685,389 3,147,60 7,609 17% capacity volumes show signs Capacity 5,016,780 4,515,12 5,120 11% of recovering industry supported by aggressive Load Factor 74% 70% 0% 4 ppt marketing ASK (million) 5,929 5,215 ,215 14% RPK (million) RPK (million) 4,090 4,090 3,487 3,487 ,487 ,487 17% 17% � � Higher contribution from Higher contribution from ancillary income offsets lower Rev/ASK (sen) 13.22 13.84 3.84 -4% average fare Rev / ASK (US cents) 3.92 3.99 .99 -2% � Positive load factor due to Cost/ASK (sen) 11.54 9.83 .83 -17% the maturing of certain Cost / ASK (US cents) 3.42 2.71 .71 -26% routes Cost/ ASK – ex fuel (US cents) 1.88 1.67 .67 -12% � Rise in CASK mainly fuel Number of flights 27,871 25,084 ,084 11% related as CASK ex –fuel Average Fuel Price 90.0 61.6 1.6 46% impact is small Average Fare (RM) 172.6 197.9 97.9 -13% �
Capacity Growth & Load Fac Factor - Malaysia ∞ Succesful revenue management de despite higher capacity � Improvement in travel demand � Consistent upward trend � 13.7% growth in additional capacity � Market recovery from 2009 y-o-y � Load factor increased by 4ppt y-o-y � Increased frequencies on trunk routes �
Financial Results - Thailand Year Ended: 31 March 2010 Change 1Q 1Q2010 1Q2009 THB'000 unless otherwise stated y-o-y Revenue 3,10 ,108,336 2,395,836 30% EBITDAR 983 983,096 756,142 30% EBITDA 482 482,583 330,896 46% EBIT 451,104 451 300,263 50% Profit after tax 622 622,862 297,633 109% Profit after Tax Margin 20% 20 12.4% 7.6 ppt Core operating profit / (loss) 400,622 400 297,633 35% *Core operating profit = PBT less adjustments � 109% growth in profit after tax y-o-y � Achieved THB401 mil in core operating p ing profit, a 35% increase from 1Q09 � Successful route structure supported by by strong domestic travel �
Passenger and Ancillary Rev Revenue - Thailand Change 1Q2010 1Q2009 y-o-y THB’000 Revenue Ticket Sales 2,665,301 2,173,866 22% Ancillary Income Ancillary Income 405,644 405,644 217,077 217,077 87% 87% Other operating income 37,391 4,893 664% Total Revenue 3,108,336 2,395,836 30% All across the board increase in reven evenue � Passenger ticket sales up 22% y-o-y � Growth in ancillary income posting 87% i 7% increase in 1Q2010 y-o-y in 2009 �
Operating Statistics - Thailand Change Year Ended: 31 March 2010 1Q2010 1Q2009 2009 y-o-y � 25% increase in passenger Passenger Carried 1,481,111 1,186,09 6,098 25% carried with only 2% decrease Capacity 1,836,101 1,557,62 7,624 18% in average fare Load Factor 81% 76% 5 ppt � Improved load factor due to ASK (million) 1,914 1,432 32 34% the revival of tourism coupled the revival of tourism coupled RPK (million) 1,544 1,059 59 46% with effective marketing campaign Rev / ASK (US cents) 4.86 4.72 3% Cost / ASK (US cents) 4.20 4.14 -1.4% � 3% increase in yields due to Cost/ ASK – ex fuel (US cents) 2.58 2.81 8% strong passenger demand and positive contribution Number of flights 10,802 9,462 62 14.16 from ancillary income Average Fare (THB) 1,800 1,833 33 -2% �
Capacity Growth & Load Fac Factor - Thailand ∞ Demand outpacing capacity and gro d growth � Thailand is stronger and resilient � Load factor highest in 2 years in 1Q10 � More frequencies added into existing domest mestic routes and higher yielding international routes � Thailand remains resilient in Q210 despite po e political turmoil – Current load factor in 2Q10 still up y-o-y y due to strong domestic route – No flight cancellations. TAA team is prepa repared and experienced in facing such situations – Second hub in Phuket provides alternativ atives to operations in Bangkok – Work closely with authorities to help on on Bangkok bounce back ��
Financial Results - Indonesia Year Ended: 31 March 2010 Change 1Q2010 1Q2 1Q2009 IDR‘million unless otherwise stated y-o-y Revenue 528,355 528, 384,664 37% EBITDAR 107, 107,495 70,021 54% EBITDA (7,8 (7,881) (30,652) 74% EBIT EBIT (11,163) (11,1 (11,163) (11,1 (32,652) (32,652) 65% 65% Profit / (loss) after tax 4,640 4,6 (64,634) 107% Profit / (loss) after tax margin -6.4 6.4% -16.8% 17.7 ppt Core Operating Profit / (loss) (33,9 33,973) (64,634) 47% IAA operations is profitable � Profit after tax shows 107% growth y-o o-y � Further improvement in revenue with 3 ith 37% growth y-o-y � International routes are performing wel well and are profitable ��
Passenger and Ancillary Rev Revenue - Indonesia Change 1Q2010 1Q2009 y-o-y IDR ‘million Revenue Ticket Sales 443,574 332,067 34% Ancillary Income Ancillary Income 86,359 86,359 53,013 53,013 63% 63% Other operating income (1,578) (416) -279% Total Revenue 528,355 384,664 37% � 53% increase y-o-y in ticket sales despite pite heavy domestic competition in Indonesia � Better route mix for international marke arket � Upward trending for ancillary income du e due to high passenger take up ��
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