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H1’18 Jazeera Airways Earnings Webcast Aug 14, 2018 1
H1’18Jazeera Airways Earnings WebcastAug 14, 2018
1
Agenda
2
Headline ResultsH1’18 HighlightsH1’18 Financial Review Q&A
3 3
H1 2018 Operational Highlights
Passengers +50.0% Load Factor +2.8% Utilization +31.7%
894k
596k
74.7%
72.6%
12.9hrs
9.8hrs
H1’18H1’17
Operating revenue
Operating result
Net result
Q2 2018 Headline Results
4
KD
1.8 m1.8 mKD
20.1 mKD
Q2’18 Q2’17 % Diff20,106,501 14,034,531 43.3%
Q2’18 Q2’17 % Diff1,795,596 2,227,313 -19.4%
Q2’18 Q2’17 % Diff1,750,340 2,290,250 -23.6%
Operating revenue
Operating result
Net result
H1 2018 Headline Results
5
H1’18 H1’17 % Diff34,447,215 24,085,531 43.0%
H1’18 H1’17 % Diff1,336,317 1,196,126 11.7%
H1’18 H1’17 % Diff1,428,445 1,342,545 6.4%
KD
1.4 m1.3 mKD
34.4 mKD
H1 2018 Highlights
Launched on May 22. 2,500 sqm of retail space
(Duty Free, F&B, retail, service concessions and media assets)
JeddahTaif
DohaDubai
Hyderabad
Istanbul
Beirut
Amman
Mashhad
Alexandria
Cairo
Assiut
Sohaj
Luxor
Baku
BahrainKuwait
Riyadh
Sharm El Sheiikh
Najaf
Kochi
Ahmedabad
Mumbai
Lahore47% Market Share
51% Market Share
Tbilisi
Medina
H1 2018 Network Highlights
6 New Destinations
20% Market Share
34% Market Share
13% Market Share
40% Market Share
Launched Q1
Launched Q2
2 aircraft added to the fleet
8 8
H1 2018 Commercial Highlights
E-Commerce Sales Ancillary Revenue
+13% +31%Vs. H1 2017 Vs. H1 2017
9
Financial Review
© Jazeera Airways 2018 |
H1’18 H1’17 % CHANGE
Operating Rev 34,447,215 24,085,531 43.0%
Operating Exp 33,110,898 22,889,405 44.7%
Operating Result 1,336,317 1,196,126 11.7%
Net Result 1,490,375 1,406,852 5.9%
Yield (KD) vs PassengersBy quarter
Q1’1
3
Q2’1
3
Q3’1
3
Q4'1
3
Q1'1
4
Q2'1
4
Q3'1
4
Q4'1
4
Q1'1
5
Q2'1
5
Q3'1
5
Q4'1
5
Q1'1
6
Q2'1
6
Q3'1
6
Q4'1
6
Q1'1
7
Q2'1
7
Q3'1
7
Q4'1
7
Q1'1
8
Q2'1
8
48 49
59
53
4750
61
54
4647
53
41 4043
49
3836
45
49
3435
38
269k
300k315k
256k263k
278k
349k
274k281k291k
381k
266k
295k300k
381k
245k
282k
314k
448k
313k
404k
490k
= Q2
Q2
In KD Yield
Pax
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H12018 Financial Review
© Jazeera Airways 2018 | 11
$75
$64
FY2016 FY2017
$63
$55
$40
$32
SINGJET Swap Mark ($/BBL)BRENT Swap Mark
Fuel Cost
H12018 Financial Review
Q2’18$87
$76
© Jazeera Airways 2018 |
Equity (KD million)Debt to EquityCash (KD Million)
Q2: 1.3Q4: 4.2
Q2: 12
Q3: 63.3
Q3: 82.7
Q4: 31.6
Q2: 55.7
2016
KD3 m dividend
paid
Q2: 32.6
2017
Q2: 0.0
KD7m dividend paid
Debt to Equity
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H12018 Financial Review
2018
KD7m dividend
paid
Q2: 13.2
© Jazeera Airways 2018 |
June’18 June’17Share Capital 20.0 m 20.0 mEquity 32.6 m 31.3 mCash 13.2 m 25.6 mDebt 0 m 0 mWorking Capital 4.8 m 4.9 m
Balance Sheet Highlights
In Kuwaiti Dinars
13
H12018 Financial Review
14
Q&A
© Jazeera Airways 2018 |
For more information please contact
Donald Hubbard Chief Financial Officer [email protected]
Mostafa El-Maghraby Head of Investor Relations [email protected]
Jazeera Airways KSC is listed on the Kuwait Stock Exchange.
Bloomberg: Jazeera KK Reuters: JAZK.KW
Key contacts and links
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To stay up to date with the latest investor information investorrelations.jazeeraairways.com
© Jazeera Airways 2018 |
DisclaimerInformation contained in our presentation is intended solely for your personal reference and is strictly confidential. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the company. We do not make any representation regarding, and assume no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. In addition, if the information contains projections and forward-looking statements that reflect the company’s current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that Jazeera Airways’ assumptions are correct.
Actual results may differ materially from those projected. This presentation is strictly not to be distributed without the explicit consent of Jazeera Airways management under any circumstance.
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