focus on the sas group 2006 - scandinavian airlines
TRANSCRIPT
The SAS Group is the 4th
largest airline group in Europe
• Approx. 1,520 daily departures • 147 destinations• 217 hotels
The SAS Group’s airline network and hotels
Mission, vision& objectives
• Mission: Serve Europe with air travel• Vision: The preferred choice• Objectives:
– Achieve a CFROI of 20% on average– Reach goals set for customer and employee
satisfaction and environmental impact– Reach goals set for flight safety
Values
The SAS Group shall be a businesscharacterized by
• Consideration• Reliability• Value creation• Openness
Strategies
• Commercial excellence• Cost improvement and flexibility• Optimization of production• Portfolio strategy• Management, Human Resources
Five strategic focus areas:
Brand portfolio
• Master brand strategy– The core of the SAS
Group’s brand portfolio– High degree of uniformity
in terms of brand platform, design and market communication
• Endorsement strategy– Strong brands with
individual identities– “SAS Group Company”
The SAS Group – key data
2005 2004Operating revenue, MSEK 61,887 58,073EBITDAR MSEK 6,117 4,383 CFROI, % 13 9Income before tax, MSEK 418 -1,701Employees 32,363 32,481No. of aircraft 294 297No. of daily departures 1520 1,450No. of destinations 147 146No. of passengers, mill. 36,312 34,250No. of hotels 217 190
The SAS Group – revenue distribution
Scandinavian AirlinesHotelsOthers
1994 Revenues MSEK 37 000
Scandinavian Airlines BusinessesSubsidiary & Affiliated AirlinesAirline Support businessesAirlines related businessesHotels
2005 Revenues MSEK 61 887
SAS Group earnings 1992-2005
-3000
-2000
-1000
0
1000
2000
3000
4000
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Earnings before tax Income bef capital gains and nonrecurring items
The SAS Group – ownership structure
Owned 50/50 by private shareholders/three Scandinavian states
Listed on three stock exchanges: Stockholm, Copenhagen, Oslo
No subsidies
The SAS Group – principle shareholders (more than 1% of total)
Shareholder Ownership
The Swedish Government 21.4%
The Danish Government 14.3%
The Norwegian Government 14.3%
Wallenberg Foundations 8,0%
Odin Fondene 1.7%
State of New Jersey Com. Pens. 1.5%
National Bank of Denmark 1.4%
Handelsbanken funds 1.2%
Robur 1.0%
Livförsäkringsaktiebolaget 0.9%
Others 34.3%
As of December 31st 2005
Access to a global network through Star Alliance™
Star Alliance™ The airline network for Earth• Through partnership in Star Alliance™, the SAS
Group can offer a worldwide network covering a total of 842 airports in 152 countries
• The Star Alliance™ network was launched in May 1997
• Two airlines in the SAS Group are members –Scandinavian Airlines and Spanair. Blue 1 became a regional member in 2004.
The SAS Group- Scandinavian Airlines Businesses
Key figures 2005 2004Number of passengers (million) 25.0 24.9Number of aircraft 191 200Daily departures 882 918Number of destinations 109 100RPK (million) 27,724 27,515ASK (million) 38,454 40,574Cabin factor 72.1% 67.8%Number of employees (average) 8,242 9,254
Scandinavian Airlines Businesses’ aircraft fleet
As of January 1, 2005
Airbus A340-300Number of aircraft: 7
MD-81/82/87Number of aircraft: 9/25/15
Airbus A330-300Number of aircraft: 4
de Havilland Q400Number of aircraft: 24
Fokker 50Number of aircraft: 6
Airbus A321-300Number of aircraft: 8
Boeing 737-400/500Number of aircraft: 4/13
Boeing 737-600/700/800Number of aircraft: 41/21/21
The SAS Group – Subsidiaries and Affiliated Airlines
Key figures 2005 2004Passengers scheduled (million) 11.2 9.3Destinations 101 73Aircraft 103 97Daily departures 638 532Employees (average) 5,903 5,145
The SAS Group – Airline Support Businesses
Operating revenue accounts for 20% of the total for the SAS Group
Key figures 2005 2004 Operating revenue SEK million 14,876 14,213Employees (average) 11,845 11,893
The SAS Group – Rezidor SAS
VisionTo become one of Europe’s leading hospitality management companieswith a focused collection of high-performing, profitable brands in variousmarket segments.
Key figures 2005 2004Operating revenue SEK million (incl franchise) 13,715 11,381Hotels 217 190Countries of operation 49 47Available rooms per day1 10,158 9,232REVPAR, Revenue per available room 622 SEK 557 SEKEmployees (average) 4,922 4,436Occupancy rate 67.3% 64.6%Number of rooms sold1 6,836 5,964
1) Hotels operated as owned, leased or on management contracts.