FINANCIAL STATEMENTS 1 JAN31 DEC 2016 FINNAIR FINANCIAL STATEMENTS - PowerPoint PPT Presentation

FINANCIAL STATEMENTS 1 JAN–31 DEC 2016

FINNAIR FINANCIAL STATEMENTS 2016 2 KEY FIGURES 1 Revenue from non-core businesses is reclassifjed from revenue to other operating income. Comparative periods have been restated accordingly from the beginning of 2015 onwards. 2 Comparative fjgures for 2013 have been restated due to change in accounting principles related to treatment of overhauls. Revenue R esult before taxes C apital expenditure and net cash flow from R evenue by traffjc area operations € million € million € million € million 2,500 2,500 150 600 2,3 17 2,316.8 2,255 518.9 105.8 100 500 2,000 2,000 50 400 1,500 1,500 0 300 21 9.7 1,000 1,000 -50 200 500 500 -100 100 0 0 -150 0 1 2 2 1 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 2 015 2 016 Gross investments Asia Domestic North Atlantic Unallocated Net cash flow from operations Europe C omparable operating result* Distribution of revenue and costs by currency R evenue by product Distribution of operating expenses in 2016 € 2,337.1 million € million € million % % % 22 10 75 6 100 2,317 55 .2 -10 -10 50 80 50 4 2.4 60 25 2 0 0 40 2,255 -25 -2 20 1 0 e e * -50 -4 o s 6 5 u u e s g e 1 1 c 0 2 0 n n r i Distribution of Distribution of costs a i c 12 13 14 15 16 e e v 2 2 n v v C r e e e e revenue by currency by currency r r s g r l a l e i e a l g v e t n e a v e r r a T r s d T s % of revenue EUR CNY Other n Fuel costs 21.0% Ground handling & catering a a P y r 11.1% a * Comparable operating result excluding changes in USD KRW l Stafg costs 15.5% l i c n A the fair values of derivates and in the value of foreign Other expenses 11.4% JPY SEK Leasing, maintenance, currency denominated fmeet maintenance reserves and * Revenue of travel agencies has decreased due to sale of depreciation & Other rents 7.2% items afgecting comparability. subsidiaries in 2015 and 2016. After October 2016 Finnair does impairments 15.5% Sales and marketing 3.3% not have any travel agency operations after these disposals. Traffjc charges 11.2% Expenses for tour operations 3.8%

FINNAIR FINANCIAL STATEMENTS 2016 3 2 Comparative fjgures for 2013 have been restated due to change in accounting principles related to treatment of overhauls. Interest-bearing liabilities and liquid funds R eturn on equity (ROE) and return on capital E quity ratio, gearing and adjusted gearing C omposition of adjusted interest-bearing employed (ROCE) net debt € million € million % % 1,000 15 120 10.7 766 797 797.3 8.9 100 7 1 7.7 10 78. 3 800 80 5 60 600 33 .9 40 0 7 02 671 20 400 -5 0 -11 .2 -20 200 -10 -40 0 -15 -60 2 2 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 Interest-bearing liabilities Return on equity (ROE) Equity ratio Adjusted interest- Cash funds bearing liabilities Liquid funds Return on capital employed (ROCE) Gearing Adjusted interest-bearing 7x aircraft leases net debt Adjusted gearing Number of persons employed by Finnair at Number of passengers Av ailable seat kilometres (ASK) and revenue Av ailable tonne kilometres (ATK) and year-end passenger kilometres (RPK) revenue tonne kilometres (RTK) million % 33 ,9 14 8,000 12 35,000 6 , 000 10 ,8 67 5, 02 0.3 30,000 10 2 7, 06 5 5,000 6,000 25,000 4 ,937 8 4,000 3,294.6 20,000 4,000 6 3,000 15,000 4 2,000 10,000 2,000 2 1,000 5,000 0 0 0 0 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 A vailable seat kilometres (ASK) A vailable t onn e k i l om etres (ATK) Revenue passenger kilometres (RPK) Revenue tonne kilometres (RTK)