SI NGAPORE AI RLI NES GROUP SI NGAPORE AI RLI NES GROUP ANALYSTS / - PowerPoint PPT Presentation

SI NGAPORE AI RLI NES GROUP SI NGAPORE AI RLI NES GROUP ANALYSTS / MEDI A BRI EFI NG ANALYSTS / MEDI A BRI EFI NG FY2008- -09 RESULTS 09 RESULTS FY2008 15 MAY 2009 15 MAY 2009

THE GROUP THE GROUP FY2008- -09 09 FY2008 RESULTS RESULTS

GROUP REVENUE GROUP REVENUE – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – ($ million) 17,000 15,996 15,973 16,000 Group Revenue 15,000 14,494 0.1% 14,000 13,341 13,000 12,013 5-Year CAGR 12,000 + 7.4% 0 2005 2006 2007 2008 2009 Slide 3

GROUP EXPENDI TURE GROUP EXPENDI TURE – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – ($ million) 16,000 15,093 13,848 Group 14,000 13,180 Expenditure 12,128 9.0% 12,000 10,696 10,000 5-Year CAGR + 9.0% 8,000 0 2005 2006 2007 2008 2009 Slide 4

GROUP OPERATI NG PROFI T GROUP OPERATI NG PROFI T – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – ($ million) 2,800 2,400 Operating 2,125 Profit 2,000 57.5% 1,600 1,314 1,317 1,213 1,200 904 800 400 0 2005 2006 2007 2008 2009 Slide 5

GROUP OPERATI NG PROFI T GROUP OPERATI NG PROFI T – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – (% ) ($ million) 13.3 2,800 14 2,400 12 11.0 Operating Profit 9.1 9.1 2,000 10 57.5% 1,600 8 5.6 1,200 6 Operating Profit Margin 800 4 7.7% pts 400 2 0 0 2005 2006 2007 2008 2009 Slide 6

CONTRI BUTI ON TO GROUP OPERATI NG CONTRI BUTI ON TO GROUP OPERATI NG PROFI T – – FY2008/ 09 FY2008/ 09 PROFI T ($ million) SI A $2,125M $821M 3.4% 2,100 (-49.9% ) 4.8% 8.2% 1,800 SATS Group 1,500 $904M $3M 77.4% (-2.0% ) 1,200 4.6% Others 12.5% SI AEC 900 18.9% SATS SI AEC $10M 600 (+ 9.4% ) SI A 300 91.1% 6.2% 0 SI A Cargo SI A Cargo -27.1% $377M -300 2008 2009 Slide 7

GROUP REVENUE GROUP REVENUE – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 4,379 4,500 4,164 4,132 4,250 4,000 3,750 3,500 3,321 3,250 3,000 0 Q1 Q2 Q3 Q4 Slide 8

GROUP REVENUE GROUP REVENUE – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 4,500 4,250 + 412 -112 4,000 + 510 3,750 -786 3,500 3,250 3,000 0 Q1 Q2 Q3 Q4 Slide 9

GROUP EXPENDI TURE GROUP EXPENDI TURE – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 4,500 4,148 4,250 4,000 3,807 3,788 3,750 3,500 3,350 3,250 3,000 0 Q1 Q2 Q3 Q4 Slide 10

GROUP EXPENDI TURE GROUP EXPENDI TURE – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 4,500 4,250 4,000 + 699 3,750 + 206 3,500 -290 + 630 3,250 3,000 0 Q1 Q2 Q3 Q4 Slide 11

GROUP OPERATI NG PROFI T GROUP OPERATI NG PROFI T – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 700 600 500 357 400 343 300 232 200 100 0 -28 -100 Q1 Q2 Q3 Q4 Slide 12

GROUP OPERATI NG PROFI T GROUP OPERATI NG PROFI T – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 700 600 -318 500 -120 400 -287 300 -496 200 100 0 -100 Q1 Q2 Q3 Q4 Slide 13

GROUP NET PROFI T GROUP NET PROFI T – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 600 500 FULL YEAR 2008-09 400 359 337 $1,062M 324 300 200 100 42 0 Q1 Q2 Q3 Q4 Slide 14

GROUP NET PROFI T GROUP NET PROFI T – FY2008/ 09 ($ million) FY2008/ 09 ($ million) – 2007-08 2008-09 ($ million) 600 500 FULL YEAR -253 2008-09 -184 400 -65 $1,062M -486 300 $988M c 200 (-48.2% ) 100 0 Q1 Q2 Q3 Q4 Slide 15

GROUP NET PROFI T GROUP NET PROFI T – FY2008/ 09 FY2008/ 09 – ($ million) 2,400 2,049 2,049 2,000 -1,221 1,600 - 988 1,062 1,200 -128 1,062 + 362 800 Lower Lower Tax operating interest writeback 400 profit receivable & of $138m others & others 0 2008 2008 Operating Non- Tax and 2009 2009 Profit operating Others items Slide 16

THE PARENT AI RLI NE THE PARENT AI RLI NE FY2008- -09 09 FY2008 RESULTS RESULTS

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY RESULTS – – FY2008/ 09 ($ million) FY2008/ 09 ($ million) RESULTS 2008- -09 09 2007- -08 08 % Change 2008 2007 % Change 13,049.5 Total Revenue 13,049.5 12,759.6 + 2.3 Total Revenue 12,759.6 + 2.3 Total Expenditure (12,226.6) (11,115.6) + 10.0 Total Expenditure (12,226.6) (11,115.6) + 10.0 - Fuel Cost (5,043.1) (4,240.3) + 18.9 - Fuel Hedging (Loss)/Gain (306.3) 185.4 n.m. - Ex-fuel Cost (6,877.2) (7,060.7) - 2.6 Operating Profit 822.9 1,644.0 - 49.9 Operating Profit 822.9 1,644.0 - 49.9 Slide 18

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY OPERATI NG PERFORMANCE – – FY2008/ 09 FY2008/ 09 OPERATI NG PERFORMANCE 2008- -09 09 2007- -08 08 % Change 2008 2007 % Change Passenger Yield 12.5 12.1 + 3.3 Passenger Yield 12.5 12.1 + 3.3 ( ¢ ¢/ / pkm pkm) ) ( Unit Cost 9.2 8.4 + 9.5 Unit Cost 9.2 8.4 + 9.5 ( ¢ ¢/ ask) / ask) ( Passenger Passenger 73.6 73.6 69.4 69.4 + + 4.2 4.2 pts pts Breakeven Load Breakeven Load Factor (% ) Factor (% ) Slide 19

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY OPERATI NG PERFORMANCE – – FY2008/ 09 FY2008/ 09 OPERATI NG PERFORMANCE (Billion KM) 130 Capacity (ASK) 120 3.4% 110 ASK 100 Passenger Carriage (RPK) 80.3 76.5 90 1.5% PLF 80 Pax. Load 70 RPK Factor (% ) 3.8% pts 0 2008 2009 Slide 20

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY OPERATI NG PERFORMANCE – – FY2008/ 09 FY2008/ 09 OPERATI NG PERFORMANCE 2008- -09 09 2007- -08 08 % Change 2008 2007 % Change Passenger Load 76.5 80.3 – 3.8 pts Passenger Load 76.5 80.3 – 3.8 pts Factor (% ) Factor (% ) Passenger 73.6 69.4 + 4.2 pts Passenger 73.6 69.4 + 4.2 pts Breakeven Load Breakeven Load Factor (% ) Factor (% ) Passenger Load 2.9 pts 10.9 pts – 8.0 pts Passenger Load 2.9 pts 10.9 pts – 8.0 pts Factor Spread (% ) Factor Spread (% ) Slide 21

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY OPERATI NG PERFORMANCE – – FY2008/ 09 FY2008/ 09 OPERATI NG PERFORMANCE (%) Passenger Load Factor Breakeven Load Factor 84 80.3 79.2 80 76.5 75.6 76 6.7 74.1 2.9 10.9 73.6 72.5 4.8 72 70.8 4.8 69.4 69.3 68 0 2005 2006 2007 2008 2009 Slide 22

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY MONTHLY PASSENGER- -KM KM MONTHLY PASSENGER (%) Year-on-Year Percentage Change in PKM 15 10 4.8 5 0 -5 -10 -15 -20 -25 -21.8 -30 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Slide 23

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY MONTHLY PASSENGER LOAD FACTOR MONTHLY PASSENGER LOAD FACTOR (%) 2007-08 2008-09 86 84 80.8 82 79.7 80 78 76 76.4 74 72 70 68 69.4 66 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Slide 24

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY COST COMPOSI TI ON – – FY2008/ 09 FY2008/ 09 COST COMPOSI TI ON Others 17.9% (-3.6% pts) Sales Cost Fuel 5.0% 43.8% (-0.9% pt) (+ 7.3% pts) Airport Handling 6.8% (-0.1% pt) Staff 12.5% Aircraft ( - -4.1% pts) Depreciation & Rentals 14.0% (+ 1.4% pts) Slide 25

THE PARENT AI RLI NE COMPANY THE PARENT AI RLI NE COMPANY FUEL EXPENDI TURE – – FY2008/ 09 FY2008/ 09 FUEL EXPENDI TURE ($ million) 5,349 5,500 + 491 5,000 -202 + 1,294 4,500 + 860 4,055 + 145 4,000 Hedging Higher Higher Weaker Losses volume weighted US Dollar Vs Gains uplifted average 3,500 fuel price 0 2008 Volume Price Exchange Hedging 2009 Slide 26

DI VI DENDS DI VI DENDS

DI VI DENDS DI VI DENDS – FY2008/ 09 FY2008/ 09 – 2008- -09 09 2007- -08 08 2008 2007 Earnings Per Share ( ¢ ¢) ) 89.6 168.5 Earnings Per Share ( 89.6 168.5 I nterim Dividend Per I nterim Dividend Per Share Paid ( ¢ ¢) ) Share Paid ( 20.0 20.0 20.0 20.0 Proposed Final Proposed Final Dividend Per Share ( ¢ ¢) ) Dividend Per Share ( 80.0 20.0 80.0 20.0 Total Ordinary Total Ordinary Dividend Per Share ( ¢ ¢) ) Dividend Per Share ( 100.0 40.0 100.0 40.0 Slide 28

DI VI DEND I N I N- -SPECI E OF SPECI E OF DI VI DEND SHARES I N SATS SHARES I N SATS

OBJECTI VES OBJECTI VES � Unlock Shareholder Value � Enable SI A to Concentrate on Airline and Aircraft Maintenance, Repair and Overhaul (MRO) Businesses � Give SI A Shareholders Direct I nterest Without Additional Cash Outlay Slide 30