analyst / media briefing - singapore airlines · 2016. 4. 1. · per share statistics – fy2009/10...

SINGAPORE AIRLINES GROUPSINGAPORE AIRLINES GROUPANALYST / MEDIA BRIEFINGANALYST / MEDIA BRIEFING

FY2009/10 RESULTS FY2009/10 RESULTS 24 MAY 201024 MAY 2010

THE PARENT AIRLINETHE PARENT AIRLINEFY2009/10FY2009/10

RESULTSRESULTS

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY RESULTS RESULTS –– FY2009/10 ($ million)FY2009/10 ($ million)

159159Operating Operating Profit/(Loss)Profit/(Loss)

2,5262,526Total ExpenditureTotal Expenditure

2,6852,685Total RevenueTotal Revenue

4Q/094Q/09

834- Fuel Cost16- Fuel Hedging Loss

1,676- Ex-fuel Cost

n.m.n.m.

5.45.4--

0.10.1++

% Change% Change

28.6+96.4-6.8+

(39)(39)

10,18410,184

10,14510,145

2009/102009/10

3,077460

6,647

n.m.n.m.

16.716.7--

22.322.3--

% Change% Change

39.0-50.2+3.3-

Slide 3

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY OPERATING PERFORMANCE OPERATING PERFORMANCE –– FY2009/10FY2009/10

80.080.0Passenger Load Passenger Load Factor (%)Factor (%)

20,86720,867Revenue Revenue PaxPax--KM KM (million)(million)

26,09426,094Available SeatAvailable Seat--KM KM (million)(million)

4Q/094Q/09

8.88.8++

6.86.8++

4.94.9--

% Change% Change

ptspts 78.478.4

82,88382,883

105,674105,674

2009/102009/10

1.91.9++

8.08.0--

10.310.3--

% Change% Change

ptspts

Slide 4


77.577.5Passenger Breakeven Passenger Breakeven Load Factor (%)Load Factor (%)

8.68.6Passenger Unit Cost Passenger Unit Cost ((¢¢/ask)/ask)

11.111.1Passenger Yield Passenger Yield ((¢¢//pkmpkm))

4Q/094Q/09

0.40.4++

5.55.5--

5.95.9--

% Change% Change

ptpt 82.782.7

8.68.6

10.410.4

2009/102009/10

9.19.1++

6.56.5--

16.816.8--

% Change% Change

ptspts

Slide 5


2.52.5Passenger Load Passenger Load Factor Spread Factor Spread (% pts)(% pts)

77.577.5Passenger Breakeven Passenger Breakeven Load Factor (%)Load Factor (%)

80.080.0Passenger Load Passenger Load Factor (%)Factor (%)

4Q/094Q/09

8.48.4++

0.40.4++

8.88.8++

% Change% Change

ptspts

ptspts

ptpt

(4.3)(4.3)

82.782.7

78.478.4

2009/102009/10

7.27.2--

9.19.1++

1.91.9++

% Change% Change

ptspts

ptspts

ptspts

Slide 6

19,000

20,000

21,000

22,000

23,000

24,000

25,000

1Q/PY 2Q/PY 3Q/PY 4Q/PY 1Q/CY 2Q/CY 3Q/CY 4Q/CY

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY PASSENGERPASSENGER--KMKM

(million)

Slide 7

18,000 18,655

20,867

23,19121,253

22,108

Passenger-KM

76.7

71.6

79.682.4

80.0

0

68

72

76

80

84

88

92


Passenger Load Factor

88.8

84.3

70.2

79.077.5

Breakeven Load Factor

Slide 8

(%)

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY PAX LOAD FACTOR & BREAKEVEN LOAD FACTORPAX LOAD FACTOR & BREAKEVEN LOAD FACTOR

11.1

10.5

9.810.2

12.4

8

9

10

11

12

13


Passenger Yield(¢¢//pkmpkm)

Slide 9

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY PASSENGER YIELDPASSENGER YIELD

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY COST COMPOSITION COST COMPOSITION –– FY2009/10FY2009/10

Fuel34.7%

(-9.1% pts)

Airport Handling7.7% (+0.9% pt)

Aircraft Depreciation & Rentals

17.7% (+3.7% pts)Staff

13.5% (+1.0% pt)

Passenger Costs5.3% (+0.6% pt)

Others21.1%

(+2.9% pts)

Slide 10

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY TOP 5 EXPENDITURE TOP 5 EXPENDITURE –– FY2009/10FY2009/10

0 1,000 2,000 3,000 4,000 5,000 6,000

Passenger Costs

Airport Handling

Staff

Aircraft Depr. &Lease Rentals

Fuel

788 (-4.8%)

542 (-6.5%)

1,798 (+5.3%)

1,374 (-9.9%)

3,537 (-33.9%)

2008/09

2009/10

($ million)

Slide 11

THE PARENT AIRLINE COMPANY THE PARENT AIRLINE COMPANY FUEL EXPENDITURE FUEL EXPENDITURE –– FY2009/10FY2009/10

($ million)

0

1,000

2,000

3,000

4,000

5,000

6,000

08/09 Price

Lowerweighted average

fuel price

-1,507

Volume

-478

Lower volumeuplifted

Exchange

+19

StrongerUS Dollar

Hedging

+154

Higher hedginglosses

-1,812

09/10

3,537

5,349

Slide 12

THE GROUP THE GROUP FY2009/10FY2009/10

RESULTSRESULTS

GROUP REVENUE GROUP REVENUE –– FY2009/10 ($ million)FY2009/10 ($ million)

($ million)

3,082

3,418

2,871

2,750

3,000

3,250

3,500

3,750

4,000

4,250

4,500

Q1 Q2 Q3

3,336

Q4

2008/09 2009/10

Slide 14

0

($ million)

3,0953,264

3,0953,190

2,750

3,000

3,250

3,500

3,750

4,000

4,250

4,500

Q1 Q2 Q3 Q4

2008/09 2009/10

GROUP EXPENDITURE GROUP EXPENDITURE –– FY2009/10 ($ million)FY2009/10 ($ million)

Slide 15

0

($ million)

241

-182

323

-319-400

-300

-200

-100

0

100

200

300

400

500

Q1 Q2 Q3 Q4

2008/09 2009/10

GROUP OPERATING PROFIT/LOSSGROUP OPERATING PROFIT/LOSS–– FY2009/10 ($ million)FY2009/10 ($ million)

Slide 16

($ million)

278

-159

404

-307-400

-300

-200

-100

0

100

200

300

400

500

Q1 Q2 Q3 Q4

2008/09 2009/10

GROUP NET PROFIT/LOSSGROUP NET PROFIT/LOSS–– FY2009/10 ($ million)FY2009/10 ($ million)

Slide 17


13,341

14,494

15,973 15,996

12,707

11,000

12,000

13,000

14,000

15,000

16,000

17,000

05/06 06/07 07/08 08/09(Actual)

09/10

($ million)

Slide 18

0


15,726

0

11,000

12,000

13,000

14,000

15,000

16,000

17,000

($ million)

08/09(Proforma)

13,341

14,494

15,973

12,707

Slide 19

05/06 06/07 07/08 09/10

12,128

13,18013,848

15,093

12,644

11,000

12,000

13,000

14,000

15,000

16,000

17,000

($ million)


Slide 20

005/06 06/07 07/08 08/09

(Actual)09/10

14,930

11,000

12,000

13,000

14,000

15,000

16,000

17,000

($ million)


12,128

13,18013,848

12,644

Slide 21

008/09

(Proforma)05/06 06/07 07/08 09/10

1,213 1,314

2,125

904

630

500

1,000

1,500

2,000

2,500

($ million)

GROUP OPERATING PROFITGROUP OPERATING PROFIT–– FY2009/10 ($ million)FY2009/10 ($ million)

Slide 22

05/06 06/07 07/08 08/09(Actual)

09/10

796

0

500

1,000

1,500

2,000

2,500

($ million)

GROUP OPERATING PROFITGROUP OPERATING PROFIT–– FY2009/10 ($ million)FY2009/10 ($ million)

1,213 1,314

2,125

63

Slide 23

08/09(Proforma)

05/06 06/07 07/08 09/10

CONTRIBUTION TO GROUP OPERATING CONTRIBUTION TO GROUP OPERATING PROFIT PROFIT –– FY2009/10FY2009/10

2.22.2--112.6112.6110.4110.4SIA EngineeringSIA Engineering

861.5861.5--822.9822.9(38.6)(38.6)Singapore AirlinesSingapore Airlines

2009/102009/10($M)($M)

15.615.6++33.633.649.249.2SilkAirSilkAir

99.999.9++(245.0)(245.0)(145.1)(145.1)SIA CargoSIA Cargo

2008/092008/09($M)($M)

ChangeChange($M)($M)

Slide 24

PER SHARE STATISTICSPER SHARE STATISTICS–– FY2009/10FY2009/10

40.012.0Dividend Per Share (¢)

2.972.25EBITDAR Per Share ($)

2008/092009/10

11.7811.30Net Asset Value Per Share ($)

At 31 Mar 09At 31 Mar 10

Slide 25

OUTLOOKOUTLOOKFORFOR

FY2010/11FY2010/11

Encouraging advance bookings

DEMAND OUTLOOKDEMAND OUTLOOK

Recovery in Business Class demand

Slide 27

Uncertainties remain

Yields to keep pace with growth in demand

RPK to pace 2% ASK growth

Rose to 18-month high of USD95/BBL in Apr 10

JET FUEL PRICEJET FUEL PRICE

Forward curve indicates continued high and volatile prices

Slide 28

PASSENGER FLEET DEVELOPMENT PASSENGER FLEET DEVELOPMENT –– FY2010/11FY2010/11

108Operating Fleet at 31 March 10No. of Aircraft

Slide 29

109Operating Fleet at 31 March 11

+ 12+ 1248

IN: Delivery ofA380-800A330-300

-- 1111641

OUT: Lease Out (B777s)Sale (B777s)Return to Lessor (B744)

GROUP CAPITAL EXPENDITURE GROUP CAPITAL EXPENDITURE FOR NEXT 5 YEARS ($ million)FOR NEXT 5 YEARS ($ million)

2,2002,200

100100

2,1002,100

FY11/12FY11/12

1,4001,400

5050

1,3501,350

FY12/13FY12/13

2,4002,400

5050

2,3502,350

FY13/14FY13/14

2,8002,8001,4501,450TotalTotal

5050150150Other AssetsOther Assets

2,7502,7501,3001,300AircraftAircraft

FY14/15FY14/15FY10/11FY10/11

Slide 30

THANK YOU

analyst / media briefing - singapore airlines · 2016. 4. 1. · per share statistics – fy2009/10...

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