SI A GROUP FI NANCI AL RESULTS For 3 rd Quarter and 9 Months Ended - PDF document

SI A GROUP FI NANCI AL RESULTS For 3 rd Quarter and 9 Months Ended 31 December 2014 197200078R SI A GROUP Q3 & 9M FY2014-15 1

SI A GROUP SI A GROUP Q3 & 9M 2014-15 Q3 & 9M 2014-15 Group Ex- Group Ex- Group # Tiger * Group Tiger 9M 9M Q3 Q3 FY14/ 15 FY14/ 15 FY14/ 15 FY14/ 15 Total Revenue 4,098.5 3,913.7 11,685.8 11,501.0 Total Expenditure 3,952.2 3,771.3 11,368.3 11,187.4 -- Fuel cost 1,266.7 1,201.5 4,080.3 4,015.1 -- Fuel hedging loss 226.2 216.1 214.7 204.6 -- Non-fuel expenditure 2,459.3 2,353.7 7,073.3 6,967.7 Operating Profit 146.3 142.4 317.5 313.6 Net Profit 202.6 201.0 328.3 326.7 # Tiger’s results are consolidated with effect from Q3 FY14/ 15 * Group Ex-Tiger refers to Group results excluding Tiger’s results Slide 1 SI A GROUP- TI GER AI RWAYS SI A GROUP- TI GER AI RWAYS Q3 2014-15 Q3 2014-15 Results Q3 Q3 Better/ Better FY14/ 15 FY13/ 14 (Worse) (Worse) ($M) ($M) ($M) (% ) Total Revenue 182.3 172.1 10.2 5.9 Total Expenditure 178.2 180.9 2.7 1.5 -- Fuel cost 65.2 82.7 17.5 21.2 -- Fuel hedging loss/(gain) 10.1 (0.7) (10.8) n.m. -- Non-fuel expenditure 102.9 98.9 (4.0) (4.0) Operating Profit 4.1 (8.8) 12.9 n.m. Net Profit 1.6 (118.6) 120.2 n.m. Slide 2 2

SI A GROUP EX-TI GER Q3 & 9M FY2014-15 SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 & 9M 2014-15 Q3 & 9M 2014-15 Group Revenue $M 4,000 3,913.7 3,905.1 3,900.7 3,874.6 3,840.2 9M FY14/ 15 3,800 $11,501.0M 3,682.2 3,628.4 3,600 Year-on-Year $114.5M 3,400 (-1.0% ) 3,200 3,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY14/ 15 FY13/ 14 Slide 3 3

SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 & 9M 2014-15 Q3 & 9M 2014-15 Group Expenditure $M 4,000 3,813.8 9M FY14/ 15 3,773.4 3,771.3 3,800 3,758.5 3,723.6 $11,187.4M 3,688.7 3,642.7 3,600 Year-on-Year $108.5M 3,400 (-1.0% ) 3,200 3,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY14/ 15 FY13/ 14 Slide 4 SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 2014-15 Q3 2014-15 Cost Composition ($M) Others 438.0 (+ 46.0, + 11.7% ) Passenger Costs Fuel Cost Post Hedging 182.8 (+ 0.2, + 0.1% ) 11.6% 1,417.6 AMO Costs 4.8% (+ 7.8, + 0.6% ) 145.9 (-15.5, -9.6% ) 3.9% 37.6% LPO* Charges 4.7% 178.7 (+ 0.8, + 0.4% ) 6.9% Handling Charges 15.0% 260.8 (-2.0, -0.8% ) 15.5% Depreciation and Lease Rentals Staff Cost 583.5 (+ 15.2, + 2.7% ) 564.0 (-4.8, -0.8% ) * Landing, Parking and Overflying Slide 5 4

SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 & 9M 2014-15 Q3 & 9M 2014-15 Fuel Prices FY14/ 15 Spot Price FY14/ 15 Contracted Fuel Price before Hedging (USD/ BBL) 130 FY14/ 15 Average Hedged Price 126.7 125.0 125 122.8 122.2 121.3 121.6 125.2 120.6 121.1 120.8 118.8 122.5 120 117.2 120.4 120.3 116.5 116.5 116.5 119.9 118.9 118.9 118.9 120.0 118.8 117.8 117.8 117.8 117.8 115.6 115 117.2 117.2 116.6 110 112.5 108.4 105 100.5 100 101.6 95 96.4 90 88.6 85 80 78.4 75 70 Dec'13 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec'14 Slide 6 SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 & 9M 2014-15 Q3 & 9M 2014-15 Group Operating Profit $M % 151.0 150 142.4 6 9M FY14/ 15 131.7 Op. Profit 100 $313.6M 86.9 81.7 3.9 4 3.6 3.4 $6.0M (-1.9% ) 50 39.5 2.2 2 2.1 Operating -60.3 0 Profit Margin 1.1 0.1% pt 0 -50 -100 -1.7 -2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY13/ 14 FY14/ 15 Slide 7 5

SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 2014-15 Q3 2014-15 Group Operating Profit Q3 Q3 Better/ Better/ FY14/ 15 FY13/ 14 (Worse) (Worse) ($ M) ($ M) ($ M) (% ) SI A 86.6 129.4 (42.8) (33.1) SI AEC 24.3 25.2 (0.9) (3.6) SI A Cargo 16.4 0.5 15.9 n.m. SilkAir 17.4 5.7 11.7 n.m. Slide 8 SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 2014-15 Q3 2014-15 Group Operating Profit $M 509.3 500 Q3 FY14/ 15 Op. Profit 400 $142.4M $8.6M (-5.7% ) 300 200 157.2 151.0 142.4 131.0 100 0 Q3 Q3 Q3 Q3 Q3 FY10/ 11 FY11/ 12 FY12/ 13 FY13/ 14 FY14/ 15 Slide 9 6

SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 2014-15 Q3 2014-15 Group Net Profit $M 300 288.3 Q3 FY14/ 15 Net Profit $201.0M 201.0 $150.9M 200 (n.m.) 142.5 135.2 100 50.1 0 Q3 Q3 Q3 Q3 Q3 FY10/ 11 FY11/ 12 FY12/ 13 FY13/ 14 FY14/ 15 Slide 10 SI A GROUP EX-TI GER SI A GROUP EX-TI GER Q3 2014-15 Q3 2014-15 Group Profit Attributable to Owners of the Parent $M Loss vs 300 gain last Lower Gain vs year operating + 47.7 Higher loss last profit taxes year 225 201.0 -15.8 -8.6 Assoc: + 57.1 -10.9 + 2.4 + 150.9 JVs: -9.4 150 (n.m.) 75 50.1 + 136.1 0 Q3 Exceptional Associates Disposals Operating Others Q3 Tax I tems and JVs Profit FY13/ 14 FY14/ 15 Slide 11 7

PARENT AI RLI NE COMPANY Q3 & 9M FY2014-15 PARENT AI RLI NE COMPANY PARENT AI RLI NE COMPANY Q3 & 9M 2014-15 Q3 & 9M 2014-15 Q3 9M FY14/ 15 Change FY14/ 15 Change % % Available Seat-KM (M) 30,084.9 -0.5 90,910.1 -0.3 Revenue Passenger-KM (M) 23,549.7 -1.9 72,065.3 -0.6 Passenger Load Factor (% ) 78.3 -1.1 pts 79.3 -0.2 pt Pax Yield – include fuel 11.5 + 2.7 11.1 - surcharge (¢/ pkm) Passenger Unit Cost (¢/ ask) 9.1 + 2.2 8.9 -1.1 Passenger Unit Ex-fuel Cost 5.2 + 4.0 5.0 - (¢/ ask) Passenger Breakeven Load 79.1 -0.4 pt 80.2 -0.9 pt Factor (% ) Slide 12 8

PARENT AI RLI NE COMPANY PARENT AI RLI NE COMPANY Q3 & 9M 2014-15 Q3 & 9M 2014-15 Operating Result Q3 Better/ Better/ 9M Better/ Better/ FY14/ 15 (Worse) (Worse) FY14/ 15 (Worse) (Worse) ($M) ($M) (% ) ($M) ($M) (% ) Total Revenue 3,185.1 35.0 1.1 9,416.3 (115.7) (1.2) Total Expenditure 3,098.5 (77.8) (2.6) 9,146.5 69.9 0.8 -- Fuel cost 1,002.4 210.4 17.3 3,355.1 308.8 8.4 -- Fuel hedging loss 179.5 (218.3) n.m. 169.9 (217.6) n.m. -- Non-fuel expenditure 1,916.6 (69.9) (3.8) 5,621.5 (21.3) 0.4 Operating Profit 86.6 (42.8) (33.1) 269.8 (45.8) (14.5) Operating Profit Margin (% ) 2.7 (1.4) 2.9 (0.4) pts pt Slide 13 PARENT AI RLI NE COMPANY PARENT AI RLI NE COMPANY Q3 2014-15 Q3 2014-15 Operating Performance % Passenger Load Factor 90 Breakeven Load Factor 85 79.8 79.7 79.5 79.1 80 -0.5 -0.1 -0.8 79.4 77.2 79.3 78.3 + 1.2 + 8.6 75 76.0 70 71.1 65 60 Q3 FY10/ 11 Q3 FY11/ 12 Q3 FY12/ 13 Q3 FY13/ 14 Q3 FY14/ 15 Slide 14 9

PARENT AI RLI NE COMPANY PARENT AI RLI NE COMPANY Q3 & 9M 2013-14 Q3 & 9M 2013-14 Monthly Pax Yields (I ncluding Fuel Surcharge) 2012-13 2013-14 2014-15 ¢/ pkm 12 11.6 11.6 11.5 11.5 11.4 11.4 11.4 11.3 11.3 11.3 11.4 11.2 11.2 11.2 11.1 11.1 11.3 11.3 11.2 10.9 11 11.1 11.1 10.8 10.8 11.0 10.9 10.9 10.8 10.7 10.7 10 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Slide 15 PARENT AI RLI NE COMPANY PARENT AI RLI NE COMPANY Q3 2014-15 Q3 2014-15 Cost Composition ($M) Staff 380.8 (+ 4.8, + 1.3% ) Passenger Costs 169.8 (+ 0.6, + 0.4% ) 12.3% Fuel Cost Post Hedging 1,181.9 (+ 7.9, + 0.7% ) 5.5% AMO Costs 169.3 (-1.3, -0.8% ) 5.5% 38.1% LPO* Charges 4.7% 146.2 (-3.1, -2.1% ) 7.1% 11.0% Handling Charges 15.8% 219.3 (+ 0.5, + 0.2% ) Others 342.6 Aircraft Depreciation & Lease Rentals (+ 46.6, + 15.7% ) 488.6 (+ 21.8, + 4.7% ) * Landing, Parking and Overflying Slide 16 10

GROUP FUEL HEDGI NG GROUP FUEL HEDGI NG POSI TI ON POSI TI ON For FY2015-16 Jet Fuel Brent Percentage hedged (% ) 19 18 Average hedged price 114 98 (USD/ BBL) Slide 17 11