INVESTORS PRESENTATION - July 2019
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INVESTORS PRESENTATION
July 2019
The presentation is dated the day it is given. The delivery of this presentation shall not,
under any circumstances, create any implication that there has been no change in the
affairs of the Company since such date. The third party information and statistical data in
this presentation have been obtained from sources the Company believes to be reliable
but in no way are warranted by the Company as to accuracy or completeness. This
presentation may not contain all material information concerning the Company and the
information set forth in this material is subject to change without notice.
These materials included herein that are not historical facts are forward-looking
statements. Such forward looking statements involve a number of risks and uncertainties
and are subject to change at any time. In the event such risks or uncertainties materialize,
AAV’s results could be materially affected. The risks and uncertainties include, but are not
limited to, risks associated with the inherent uncertainty of airline travel, seasonality
issues, volatile jet fuel prices, world terrorism, perceived safe destination for travel,
Government regulation changes and approval, including but not limited to the expected
landing rights into new destinations.
This presentation is strictly not to be distributed without the explicit consent of Company’s
management under any circumstances.
1
Others
US 4% 5%
E.Asia 65%
S.Asia 5% EXPECTED OVER 40 MILLION VISITORS IN 2019 OR 5% YOY
1H19 International Tourists Achieved 20 Million or Up 2% YoY
EU 21%
million LCC penetration 1
36% 36%
OVERALL
Europe
Visitors will grow by 7% to 20 mil in 2H19 31% 30%
55%
52% 52%
51% 49%
CHINA 48%
North America
Edged down 3% YoY and 29% contribution
ASEAN
South Asia Thailand SE Asia
Grew 6% YoY and 23% contribution
EUROPE
Edged down 2% YoY and 21% contribution
SOUTH ASIA 2018 2019
Rocketed 23% YoY and 5% contribution
1 source: CAPA 2
1
Countries 1
1
1
Note: 1 As of 30 May 2019
► Passengers grew by % in line with capacity growth.
► TAA unveiled its Seventh-flight hub in Chiang Rai
► ASK rose by as launching 4 new routes.
2.4 mil (+14%)
► Average fare was at Baht per pax, down by 7%, resulted
from the sluggish recovery of tourism.
3.5 mil (-2%)
► Ancillary revenues were Baht million up 9% or
Baht per pax up 5% YoY, while dynamic pricing and
value pack enhanced seat selection and inflight revenues.
► CASK was Baht unchanged YoY, while CASK ex-fuel was
Baht, inched up 1%.
► Core Revenues were MB with EBITDAR Margin.
► TAA & AAV reported Net profit of Baht million and
Baht million, respectively.
► Net gearing at with a cash balance at Baht Billion
4
Q1/2019 achieved 2,060 mb (+9%YoY) or Bt 351 per pax (+5% YoY)
• Fee structure adjustment; 1Q19 rocketed by 34% YoY
• Fly-Thru lounge access
• 1Q19 rocketed by 41% due to an increase in AirAsia
Group flights, reflected 26% growth in traffics
• Fly-Thru pax was at 6% of total pax
• 1Q19 up by 24% YoY
• Emphasis on dynamic pricing and Value Pack,
Government and Premium Flex with travel protection
• 1Q19 up by 2% YoY
• Continue promoting pre-book In-flight combo set
• Enhance house-brand on F&B
• 1Q19 up by 2% YoY, relating to international
passenger growth
5MARKET
SHARE1 BY
PAX
FLOWN
67
1Q19 CEI – Macao
CEI – Kuala Lumpur*
CEI – Singapore
CEI – Phuket
2Q19 DMK- Roi Et CNX – Danang
DMK – Nha Trang
DMK – Can Tho
CEI – Shenzhen
CNX – Shenzhen
DMK – Ahmedabad
HKT – Phnom Penh
3Q19 DMK – Sihanoukville
HKT – Jakarta
* Suspended its operation during 2Q2019 8•
•
9SOUTH
ASIA, 10%
ASEAN ex
CLMV, 10%
DOMESTIC,
45%
CLMV, 15%
CLMV
CHINA, 20%
ASEAN
10
Jaipur
Gaya
KOLKATA
Bhubaneswar
Visakhapatnam
CHENNAI
BENGALURU
Kochi
Colombo
Male
BOLD : Tier 1
11100% 91%
Baht Fixed
Hedge Position
•
•
•
•
Note: Information as of July 1, 2019
* Excluding D Factor and Excise Tax 1213
• •
• •
•
• •
14Impact -> Modified retrospective method
->Processing fee (2% of Revenues) to be recorded on the flown date was 133.5 MB
Impact -> Recorded 111 MB in 2Q19
Impact -> Comprehensive income statement
Impact -> Modified retrospective method
-> Increased EBITDA and Debt to Equity Ratio
Operating Exp. - Rental Expense -
EBITDA - -
STATEMENT
Deprecation Exp. Depreciation Exp - Depreciation Exp
INCOME
Finance Cost Interest of Finance Lease - Interest of Lease Agreement
EBT - -
Asset Right of Use Asset - Right of Use Asset
B/S
Liability Lease Liability - Lease Liability
16
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