1
Investor Relations Department
THAI AIRWAYS INTERNATIONAL PCL
http://www.thaiairways.com/about-thai/investor-relations/en/investor.html
Q1’2014 (Updated on May 20, 2014)
2
Investor Relations Department
DISCLAIMER
The information contained herein is intended to represent the Company’s operating and
financial position at a given point in time and may also contain forward looking information
which only reflects expectations based on the prevailing geo-political, economic and
non-controllable factors. Such information has been obtained from sources believed to be
most reliable and the means in analyzing and preparation of such information for disclosure
are based on approved practices and principles in the investment industry. The views are
based on assumptions subject to various risks and uncertainties and no assurance is made
as to whether such future events will occur, that projections will be achieved, or that the
assumptions here-in are correct. Consequently no assurance is made as to the accuracy or
completeness of information presented in this document.
This document should not be construed as an investment guide or as an offer or
solicitation of an offer to buy or sell equity shares or other securities issued by the Company.
3
Investor Relations Department
Unit
2012
2013
% Change
YoY
Passenger Production MASK 20,774 22,241 +7.1%
Passenger Traffic MRPK 15,843 15,795 -0.3%
Cabin Factor % 76.3 71.0 -6.9%
Passenger carried Million 5.50 5.31 -3.4%
Passenger Yield* (Inc. Surcharge) THB/km 2.73 2.69 -1.6%
Freight Production MADTK 1,271 1,316 +3.5%
Freight Traffic MRFTK 693 700 +1.0%
Freight Factor % 54.5 53.2 -2.6%
Freight carried Tons 177,173 176,261 -0.5%
Freight Yield (Inc. Surcharge) THB/km 9.36 9.18 -1.9%
Operations Summary
Q1’2014 Year 2013
2013
2014
% Change
YoY
21,051 20,934 -0.6%
16,802 14,677 -12.6%
79.8 70.1 -12.2%
5.69 4.81 -15.4%
2.78
2.75 -1.1%
1,258 1,213 -3.6%
641 629 -1.8%
50.9 51.9 +1.9%
165,759 158,155 -4.6%
9.16
9.29 +1.4%
Note: Passenger – sales commission and discount/RPK
Base on RCM report
4
Investor Relations Department
Financial Performance
5
Investor Relations Department
Performance Summary (Q1’2013 & Q1’2014)
THAI and its subsidiaries
(Units : MTHB) Q1'2013 Q1'2014 %Change
Total Revenue 63,271 50,972 19.44-
Total Expense 55,239 53,353 3.41-
Gain (loss) of Foreign currency exchange 6,129 990 83.85-
Profit (loss) before Income Tax Expense 8,032 -2,381 129.64-
Net tax expense (Income) -263 238 190.49-
Net profit (loss) 8,283 -2,634 -132
Financial Performance
6
Investor Relations Department
Operating / Total Revenue (Q1’2013 & Q1’2014)
47,552
41,035
5,849
5,824
199
221
2,389
2,475
0
20,000
40,000
60,000
Q1'2013 Q1'2014
Passenger Freight Mail Other activities
Operating Revenue Total Revenue
* Exclude Interest income Profit on FX and Other income
- Operating revenue Q1’2013 = 56,012 MTHB
- Operating revenue Q1’2014 = 49,533 MTHB
Total revenue Q1’2013 = 63,271 MTHB
Total revenue Q1’2014 = 50,972 MTHB
Units : MTHB
Financial Performance
% % of
Revenue Change Total Revenue
Passenger 13.71- 80.51
Freight 0.42- 11.43
Mail 10.17- 0.39
Other activities 3.57 4.85
Interest income 40.05- 0.14
Profit(loss) on FX 83.85- 1.94
Gain on reclassified
investment 100.00- 0.00
Other income 47.00- 0.74
Total Revenue 19.44- 100.00
7
Investor Relations Department
4,896 4,438
8,381 7,675
20,313 20,742
5,262 5,6222,1702,4221,4701,458
3,255 3,3614,779 5,106
1,4181,044
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Q1'2013 Q1'2014
Personnel Fuel and Oil Flight Service Expense
Inventory&Supply Crew Expense Aircraft Maintenance
Depreciation Lease of a/c Other
Total Expense Operating Expense
Operating / Total Expense (Q1’2013 & Q1’2014)
* Excludes Impairment losses, Finance costs and Share
of profits of associates
- Operating expense Q1’2013 = 51,810 MTHB
- Operating expense Q1’2014 = 52,004 MTHB
Total expense Q1’2013 = 55,239 MTHB
Total expense Q1’2014 = 53,353 MTHB
Units : MTHB
Financial Performance
% Change % of
Expense YoY Tot. Exp.
Personnel expense 8.42- 14.39
Fuel and oil 2.11 38.88
Flight service expense 6.83 10.53
Inventories and supplies 10.39- 4.06
Crew expense 0.87 2.76
Maintenance/overhual 3.28 6.30
Depreciation/amortisation 6.84 9.57
Aircraft lease/spare parts 35.81 2.66
Other expense 30.48- 10.85
Total Expense 3.41- 100.00
8
Investor Relations Department
EBIT, EBITDA and Net Profit (Q1’2013 & Q1’2014)
Units : MTHB
4,443
10,459
8,283
2,154
-2,229
3,242
-2,634
-3,624 -5,000
-
5,000
10,000
15,000
Q1' 2013 Q1' 2014
Financial Performance
Factors Impacting Q1’2014 Results
• Number of passengers decreased
15.4% the same period last year.
• ASK decreased 0.6% the same period
last year.
• RPK decreased 12.6% the same
period last year.
• Cabin factor decreased 12.2% from
the same period last year.
• FX gain 990 MTHB from strength Baht.
(Exclude FX)
EBIT EBITDA NET PROFIT *NET PROFIT
9
Investor Relations Department
Ratios – Q1’2013 & Q1’2014
Ratios units Q1’2013 Q1’2014
Earnings Per Share (THB) 3.79 -1.21
Book Value per Share (THB) 35.26 24.83
Price / Book Value (Times) 0.81 0.56
EBIT (MTHB) 4,443 -2,229
EBITDA (MTHB) 10,459 3,242
IBD to Equity (Times) 2.0 3.4
Debt Service Coverage* (Times) 1.5 0.6
Interest Coverage (Times) 7.4 2.3
Operating Profit Margin (%) 7.9 -4.5
Net Profit Margin (%) 14.8 -5.3
Financial Performance
*EBITDAR – TAX / Interest + Rent + Long Term Debt Repayment – Refinance-Prepayment
10
Investor Relations Department
Internet Sales
Ticket Sales Via Internet % of Sales
0
2
4
6
8
10
12
14
16
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year 2010 Year 2009 Year 2011 Year 2012 Year 2013 Year 2014
11
Investor Relations Department
Check-in via Mobile (http://m.thaiairways.com)
# of PAX
Check-in via Internet
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
13,994 For DEC-13
e-Services
0
2
4
6
8
10
12
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
%
Year 2010
Year 2009
Year 2011
Year 2012
Year 2013 Year 2014
12
Investor Relations Department
Monthly fuel hedging 2008-2014 - % of consumption by month
Fuel Management
Hedging combined with fuel surcharge greatly mitigates fuel price fluctuation risk
0%
0%
0%
0%
3%
17
%3
8% 41
%4
4%
44% 49%
35
%2
7%
20%
23
%3
%3
% 7%1
3%
13
% 17
%2
0% 27
% 30
%4
4%
44
%4
4%
47
%4
7%
47
%6
9%
69
%6
9%
69
%6
9%
69%
51
%5
1%
51
%5
0%
50
% 56
%8
0%
80
%8
0%
80
%8
0%
80
%7
3%
76
%7
9% 84%
84%
84%9
3%
93
%9
3%
85
%8
5%
85
%
67
%
67
%
67
%
66
%6
6%
66
%9
0%
90
%9
0%
90
%
90%
90
%
68
%7
1%
65
%5
6%
56
%5
6%
53
%5
3%
53
%5
3%
53
%5
3%
Ja
n-0
8F
eb
-08
Ma
r-0
8A
pr-0
8M
ay
-08
Ju
n-0
8Ju
l-08
Au
g-0
8S
ep
-08
Oc
t-0
8N
ov
-08
Dec-0
8Jan
-09
Feb
-09
Mar-0
9A
pr-0
9M
ay
-09
Ju
n-0
9J
ul-
09
Au
g-0
9S
ep
-09
Oct-0
9N
ov
-09
Dec-0
9J
an
-10
Fe
b-1
0M
ar-1
0A
pr-1
0M
ay
-10
Ju
n-1
0Ju
l-10
Au
g-1
0S
ep
-10
Oc
t-1
0N
ov
-10
Dec-1
0Jan
-11
Feb
-11
Mar-1
1A
pr-1
1M
ay
-11
Ju
n-1
1J
ul-
11
Au
g-1
1S
ep
-11
Oct-1
1N
ov
-11
Dec-1
1J
an
-12
Fe
b-1
2M
ar-1
2A
pr-1
2M
ay
-12
Ju
n-1
2Ju
l-12
Au
g-1
2S
ep
-12
Oc
t-1
2N
ov
-12
Dec-1
2Jan
-13
Feb
-13
Mar-1
3A
pr-1
3M
ay
-13
Ju
n-1
3Ju
l-13
Au
g-1
3S
ep
-13
Oct-1
3N
ov
-13
Dec-1
3J
an
-14
Fe
b-1
4M
ar-1
4A
pr-1
4M
ay
-14
Ju
n-1
4Ju
l-14
Au
g-1
4S
ep
-14
Oc
t-1
4N
ov
-14
Dec-1
4
13
Investor Relations Department
Foreign Currency Exposure
USD 30%
EUR 33%
JPY9%
THB28%
Revenue Expense Outstanding loan (After Swap)
USD 63%
EUR 10%
JPY3%
THB24%
Currency Break down
(As of Mar 2014)
USD 0%
EUR 58%
JPY7%
THB35%
14
Investor Relations Department
Proportion of Fixed and Float
(As of 31 MAR 2014)
Debt Structure
Fixed40%
Float60%
Percentage of TOTAL
(TOTAL = 178,362 MTHB)
Fixed53%
Float47%
Percentage of TOTAL
(TOTAL = 179,765 MTHB)
Before Swap After Swap
15
Investor Relations Department
Looking ahead
16
Investor Relations Department
Actual
61.5
54.0
49.7
54.7 54.4 56.455.8 54.152.2 50.4
55.3 56.755.6
51.6
47.2
51.154.7
52.8 52.150.1
47.5 46.1
52.552.6
56.5
50.6
47.2
50.5 51.9 51.653.1
30.0
40.0
50.0
60.0
70.0
Estimated (As of 13.5.14)
Looking Ahead
Freight Factor (%)
Cabin Factor (%)
Actual
Booking
(As of 13.5.14)
Estimated (As of 13.5.14)
73.670.4
77.379.078.4 78.3
71.575.5
79.778.7
71.7 73.576.7 78.378.8
80.4 80.375.8
66.469.2
75.378.0
72.371.5 71.170.471.570.068.771.1
64.8
44.7
30.0
40.0
50.0
60.0
70.0
80.0
90.0
17
Investor Relations Department
Company Facts
18
Investor Relations Department
Current Fleet
Current Fleet: 101 Aircrafts
First Business Economy Total
A300-600 R 36R3 5 N.A. 28 232 260 5O
A340-600 3461 6 8 60 199 267 6FL
3302 9 N.A. 42 263 305
3303 8 N.A. 36 263 299
3304 7 N.A. 36 263 299
3201 2 N.A. N.A. 174 174
3202 4 N.A. N.A. 174 174
3203 6 N.A. N.A. 168 168
A380-800 3801 6 12 60 435 507 2O, 4FL
B737-400 7341 5 N.A. 12 137 149 2O, 3OL
7444 6 10 40 325 375
7445 6 9 40 325 374
Freighters 2 - - - -
B777-200 7724 8 N.A. 30 279 309 6O, 2OL
B777-200 ER 77E1 6 N.A. 30 262 292 6FL
B777-300 7732 6 N.A. 34 330 364 6O
B777-300 ER 77B1 9 N.A. 42 306 348 1FL,8OL
Total 101 39 490 4,135 4,664 42O, 33FL, 25OL
12O, 2FLB747-400
A320-200 12OL
7O, 15FL, 2OL
Aircraft Type Version# of
AircraftFinancial Method
# of Seat
A330-300
As of 31 Mar 14
40% of O 33% of FL 27% of OL
O=Owned FL=Financial lease OL=Operating lease
(Note: Approximately)
Average age of aircraft = 9.6 years
Note: Exclude 1 of Airbus 330-300 that has been damaged
from skidding off the runway after landing at SVBA
19
Investor Relations Department
Aircraft Delivery Plan
NEW A/C DELIVERY
2013 2014 2015 2016 2017 TOTAL
A330-300 2 (FL) (JAN/APR)
2
A350-900 2 (OL) (MAY/JUL)
5 (3OL/2FL) 7
A380-800 3 (1FL/2O) (MAR/OCT/NOV)
- - - - 3
A320 (Thai Smile) 6 (OL)
(JAN/MAR/OCT/
OCT/NOV/DEC)
7 (5OL/2FL)
(JAN/FEB/
MAY/JUN/SEP/ NOV/NOV)
3 (FL)
(JAN/MAY/ AUG)
16
B777-300ER
6 (OL) (MAR/APR/JUN/
JUL/AUG/OCT)
3 (FL)
(JAN/JUL/AUG) 3 (FL)
(JAN/JUN/SEP) - - 12
B787-8 4 (OL)
(JUN/JUL/
OCT/ NOV)
2 (OL) (APR/JUN)
6
B787-9 2 (OL) (SEP/OCT)
2
TOTAL 17 14 8 2 7 48
As of 31 DEC 13 Note : O = Own / FL = Financial lease / OL = Operating leas e
20
Investor Relations Department
Phase Out Plan
PHASE-OUT PLAN 2013 2014 2015 2016 2017 TOTAL
A300-600 4 5 - - - 9
A330-300 1 5 5 2 - 13
B747-400 4 - - - 2 6
B777-300ER
(Jet Airways) 5 - - - - 5
B777-200 - - - - 2 2
B737-400 - 3 - - 2 5
TOTAL 14 13 5 2 6 40
Note: Exclude Nok Air returned
As of 31 DEC 13
21
Investor Relations Department
THAI’s Route Network
World Route Network
International
Routes
30 MAR 2014
To
25 OCT 2014
(Based on TPI
Summer 2014 Issue 1)
31 MAR 2013
To
26 OCT 2013
(Based on TPI
Summer 2013 Issue 2)
Countries 33 35
Destinations 59 62
Flight Frequency / Week 588 638
Seats / Week 362,484 396,068
22
Investor Relations Department
CHIANG RAI
KHON KAEN
PHUKET
CHIANG MAI
SAMUI
BANGKOK
Domestic Route Network
Domestic Routes
30 MAR 2014
To
25 OCT 2014 (Based on TPI
Summer 2014 Issue 1)
31 MAR 2013
To
26 OCT 2013 (Based on TPI
Summer 2013 Issue 2)
Destinations
6 7
Flight Frequency / Week
173 215
Seats / Week 88,016 112,371
THAI’s Route Network
KRABI
23
Investor Relations Department
Seasonal Frequency Increase
• Bangkok-Chongqing-Bangkok 3 4 flights / week
• Bangkok-Colombo-Bangkok, 6 7 flights / week
• Bangkok-Hyderabad-Bangkok 4 5 flights / week
Seasonal Temporarily Suspended Flights
• Bangkok-Sendai-Bangkok
• Copenhagen-Phuket-Copenhagen
• Stockholm-Phuket-Stockholm
• Bangkok-Moscow-Bangkok
Seasonal Frequency Increase
•Bangkok-Madrid-Bangkok 3 4 flights / week
•Bangkok-Denpasar-Bangkok 5 7 flights / week
•Bangkok-Frankfurt-Bangkok 5 7 flights / week
•Bangkok-Copenhagen-Bangkok 6 7 flights / week
•Bangkok-Oslo-Bangkok 5 7 flights / week
•Bangkok-Stockholm-Bangkok 6 7 flights / week
•Bangkok-Zurich-Bangkok 6 7 flights / week
•Bangkok-Brisbane-Bangkok 5 7 flights / week
•Bangkok-Islamabad-Bangkok 3 4 flights / week
Seasonal Temporarily Suspended Flights
•Bangkok-Luang Prabang-Bangkok
Adjust flight schedules
Note: Based on TPI Summer 2014 Issue 2 (30 MAR 14 to 25 OCT 14)
Subject to current market condition
24
Investor Relations Department
THAI Smile based at Suvarnabhumi Airport
Operates in domestic and regional secondary routes
and synchronizes with TG’s network.
*Note: Based on TPI Summer 2014 Issue 1 (30 MAR 2014 – 25 OCT 2014)
FREQUENCY*
DESTINATION
14 Flights / week Bangkok - Macau V.V.
14 Flights / week Bangkok – Phnom Penh V.V.
14 Flights / week Bangkok - Vientiane V.V.
7 Flights / week Bangkok – Colombo V.V.
5 Flights / week Bangkok – Delhi V.V.
5 Flights / week Bangkok – Hyderabad V.V.
4 Flights / week Bangkok - Mandalay V.V.
4 Flights / week Bangkok – Chongqing V.V.
3 Flights / week Bangkok – Changsha V.V.
35 Flights / week Bangkok – Hat Yai V.V.
28 Flights / week Bangkok - Udon Thani V.V.
21 Flights / week Bangkok – Khon Kaen V.V.
14 Flights / week Bangkok - Chiang Mai V.V.
14 Flights / week Bangkok - Ubon Ratchathani V.V.
14 Flights / week Bangkok - Surat Thani V.V.
14 Flights / week Bangkok - Krabi V.V.
7 Flights / week Bangkok – Chiang Rai V.V.
7 Flights / week Chiang Mai - Phuket V.V.
# of aircraft
Fleet Plan (2012-2015)
4
17
Year 2012
Year 2013
Year 2014
Year 2015 20
10
Currently 12 aircrafts Airbus 320-200 (As at 28 Feb 2013)
THAI Smile Fleet Plan & Route Network
International &
Domestic Routes
30 MAR 2014
To
25 OCT 2014 (Based on TPI
Summer 2014 Issue 1)
31 MAR 2013
To
26 OCT 2013 (Based on TPI
Summer 2013 Issue 2)
Countries 8 5
Destinations 18 12
Flight Frequency / Week 234 123
Seats/Week 69,565 41,212
(As of NOV 2013)
25
Investor Relations Department
26
Investor Relations Department
Operating Statistics
27
Investor Relations Department
4.92 4.20
4.77 4.50 5.16
4.86 5.10 5.50 5.69 5.11 5.41 5.31 4.81
2.00
4.00
6.00
Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14
Passengers Carried*
(Million)
Freight Carried
172,749 174,570 168,199
175,708 170,625
165,110 166,187
177,173
165,759 159,104
154,445
176,261
158,155
100,000
130,000
160,000
190,000
Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14
(Tons)
Operating Statistics
Year 2011
Q1’14 = 4.81 million (Decreased 15.4% YoY)
Q1’14 = 158,155 tons (Decreased 4.6% YoY)
Year 2012
*Included THAI Smile
Year 2013
Year 2011 Year 2012 Year 2013 Year 2014
Year 2014
28
Investor Relations Department
THAI’s Number of PAX
By Class By Area
Total passengers for JAN-MAR 2014 = 4.26 million
Q1’2014
Royal First 0.40%
Royal Silk 9.34% Premium
Economy 0.18%
Economy 87.37%
Non Revenue 2.71%
Regional 52.59%
Australia 5.54%
Europe 15.69%
North Pacific 0.83%
Africa 0.31%
Non-Schedule (Int)
0.21% Domestic 24.78%
Non-Schedule (Dom) 0.05%
29
Investor Relations Department
By Class By Area
THAI Smile’s Number of PAX
Total passengers for JAN-MAR 2014 = 550,047
Domestic 84.28%
International 15.72%
Q1’2014
Royal Silk 4.92%
Economy 93.14%
Non Revenue 1.94%
30
Investor Relations Department
75.3
4
71.8
4
74.3
2
73.0
7
74.6
3
76.3
4
65.3
3
56.6
7
72.1
0
78.7
7
82.2
7
82.0
1
76.9
6
73.9
9
75.0
8
74.3
5
76.0
7
71.3
3
65.0
7
62.2
2
71.1
2
76.8
1
75.1
8
77.2
2
2,000
4,000
6,000
8,000
Jan
-09
Feb
-09
Mar-0
9
Ap
r-0
9
May-0
9
Ju
n-0
9
Ju
l-09
Au
g-0
9
Sep
-09
Oct-
09
No
v-0
9
Dec-0
9
Jan
-10
Feb
-10
Mar-1
0
Ap
r-1
0
May-1
0
Ju
n-1
0
Ju
l-10
Au
g-1
0
Sep
-10
Oct-
10
No
v-1
0
Dec-1
0
-
20.00
40.00
60.00
80.00
100.00
ASK RPK C/FC/F RPK ASK
Passengers*
77.8
77.6
73.0
71.8
61.9
65.7
77.2
74.8
69.9
65.7
61.0
68.1
77.3
79.0
78.4
78.3
71.5
75.5
79.7
78.7
71.7
73.5
76.7
78.3
78.8
80.4
80.3
75.8
66.4
69.2
75.3
78.0
72.3 71.5
71.1
78.3
71.5
70.0
68.7
-
20.0
40.0
60.0
80.0
100.0
-
2,000
4,000
6,000
8,000
Ja
n-1
1
Feb
-11
Mar-
11
Ap
r-1
1
May
-11
Ju
n-1
1
Ju
l-1
1
Au
g-1
1
Se
p-1
1
Oc
t-11
No
v-1
1
Dec
-11
Ja
n-1
2
Feb
-12
Mar-
12
Ap
r-1
2
May
-12
Ju
n-1
2
Ju
l-1
2
Au
g-1
2
Se
p-1
2
Oc
t-12
No
v-1
2
Dec
-12
Ja
n-1
3
Feb
-13
Mar-
13
Ap
r-1
3
May
-13
Ju
n-1
3
Ju
l-1
3
Au
g-1
3
Se
p-1
3
Oc
t-13
No
v-1
3
Dec
-13
Ja
n-1
4
Feb
-14
Mar-
14
(%)
Year 2011 Year 2012
(Million)
JAN-DEC'12 JAN-DEC'13 YoY% MAR'13 MAR'14 YoY% Q1'13 Q1'14 YoY%
MASK 79,231 85,655 8.1 7,255 6,916 4.7- 21,051 20,934 0.6-
MRPK 60,679 63,479 4.6 5,826 4,752 18.4- 16,802 14,677 12.6-
Cabin factor (%) 76.6 74.1 3.2- 80.3 68.7 14.4- 79.8 70.1 12.2-
YoY (Month)YoY (Year to date) YoY (Quarter)
Operating Statistics
Year 2013
*Includes THAI Smile
Q1 2014
31
Investor Relations Department
53.7
56.6
60.1
58.0
57.8
57.7
55.1
54.2
56.1
56.3
55.2
54.3
49.7
54.7
59.8
56.4
55.9
54.1
52.2
50.4
55.2
56.6
55.5
51.6
47.1
51.1
54.6
52.7
52.1
50.3
47.4
45.6
52.5
52.6
56.5
52.1
47.2
50.5
58.0
-
20.0
40.0
60.0
80.0
-
200
400
600
Jan
-11
Fe
b-1
1
Ma
r-1
1
Ap
r-11
Ma
y-1
1
Ju
n-1
1
Ju
l-1
1
Au
g-1
1
Se
p-1
1
Oc
t-1
1
No
v-1
1
Dec
-11
Jan
-12
Fe
b-1
2
Ma
r-1
2
Ap
r-12
Ma
y-1
2
Ju
n-1
2
Ju
l-1
2
Au
g-1
2
Se
p-1
2
Oc
t-1
2
No
v-1
2
Dec
-12
Jan
-13
Fe
b-1
3
Ma
r-1
3
Ap
r-13
Ma
y-1
3
Ju
n-1
3
Ju
l-1
3
Au
g-1
3
Se
p-1
3
Oc
t-1
3
No
v-1
3
Dec
-13
Jan
-14
Fe
b-1
4
Ma
r-1
4
(Million) (%)
Freight
75.3
4
71.8
4
74.3
2
73.0
7
74.6
3
76.3
4
65.3
3
56.6
7
72.1
0
78.7
7
82.2
7
82.0
1
76.9
6
73.9
9
75.0
8
74.3
5
76.0
7
71.3
3
65.0
7
62.2
2
71.1
2
76.8
1
75.1
8
77.2
2
2,000
4,000
6,000
8,000
Jan
-09
Feb
-09
Mar-0
9
Ap
r-0
9
May-0
9
Ju
n-0
9
Ju
l-09
Au
g-0
9
Sep
-09
Oct-
09
No
v-0
9
Dec-0
9
Jan
-10
Feb
-10
Mar-1
0
Ap
r-1
0
May-1
0
Ju
n-1
0
Ju
l-10
Au
g-1
0
Sep
-10
Oct-
10
No
v-1
0
Dec-1
0
-
20.00
40.00
60.00
80.00
100.00
ASK RPK C/F F/F RFTK ADTK
Operating Statistics
Year 2011 Year 2012 Year 2013
JAN-DEC'12 JAN-DEC'13 YoY% MAR'13 MAR'14 YoY% Q1'13 Q1'14 YoY%
MADTK 4,892 5,019 2.6 438 405 7.5- 1,258 1,213 3.6-
MRFTK 2,653 2,565 3.3- 239 235 1.7- 641 629 1.9-
Freight factor (%) 54.2 51.1 5.8- 54.6 58.0 6.3 51.0 51.9 1.8
YoY (Month)YoY (Year to date) YoY (Quarter)
Q1 2014
32
Investor Relations Department
Passenger Yield (Including Fuel Surcharge) 2.7
3
2.6
3
2.5
4
2.6
8
2.4
4
2.4
2
2.4
5
2.5
5
2.4
0
2.5
6
2.6
1
2.7
2
2.8
3
2.7
8
2.7
0
2.7
8
2.7
8
2.6
4
2.6
3
2.7
5
2.7
0
2.8
1
2.8
1
2.7
8
2.8
7
2.7
3
2.6
7
2.6
9
2.6
2
2.6
0
2.7
4
2.6
7
2.7
2
2.7
1
2.7
2
2.8
6
2.8
4
2.7
4
2.7
6
2.6
4
2.5
1
2.5
3
2.4
9
2.6
1
2.6
0
2.6
1
2.6
8
2.7
7
2.7
6
2.7
6
2.7
3
2.00
2.50
3.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year 2010 Year 2011 Year 2012 Year 2013 Year 2014
(THB/Km)
Operating Statistics
Freight Yield (Including Fuel Surcharge)
Note: Yield (from JAN’12 onwards) is passenger - sales commission and discount/RPK Based on RCM report
9.6
6
9.0
8
9.1
0
9.3
0
9.8
9
9.6
5
9.5
3
9.3
0
9.8
4
9.3
7
9.7
2
9.4
4
9.7
0
9.4
2
9.9
5
9.6
5
9.8
2
10
.00
9.8
0
9.8
7
9.6
0
9.5
3
9.6
0
9.6
2
9.3
3
9.4
7
9.4
6
9.0
6
9.0
0
8.9
1
9.0
8
9.4
2
9.5
2
9.4
9
9.2
1
9.1
5
9.0
3
9.3
7
9.3
4
9.2
6
9.2
7
7.00
8.00
9.00
10.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Year 2010 Year 2011 Year 2012 Year 2013 Year 2014
(THB/Km)
10.1
5
10.1
0
10.0
2
10.0
1
10.0
1
10.0
9
10.1
1
10.1
7
9.9
5
10.0
8
33
Investor Relations Department
Aircraft Utilization for Year 2013 = 11.2 Hours/Day/Aircraft
Aircraft Utilization
11.3 11.2 11.2
11.1
10.9
11.2 11.2 11.2
11.0
11.4 11.5
11.2 11.1
10.4
10.1
10.0
11.0
12.0
13.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2009 2010 2011 2012 2013 2014
Aircraft Utilization for Year 2012 = 11.5 Hours/Day/Aircraft
Hours / Day / Aircraft
Aircraft Utilization for Q1’2014 = 10.5 Hours/Day/Aircraft
34
Investor Relations Department