SIA Group SIA Group Financial Results Financial Results 3rd - - PowerPoint PPT Presentation
SIA Group SIA Group Financial Results Financial Results 3rd Quarter of FY 05/06 3rd Quarter of FY 05/06 Singapore Airlines Limited Company Registration No.:197200078R Further information and media releases can be found at the
Further information and media releases can be found at the Singapore Airlines internet website www.singaporeair.com.sg Singapore Airlines Limited Company Registration No.:197200078R
197200078R
Operating Profit Margin (%) Profit Attributable To Shareholders Profit Before Tax Change (%) Q3 2004-05 * ($M)
* Financial results for Q3 of FY2004-05 have been restated to account for share options to employees of $11.5 million.
12.9 464.6 598.4 412.3
2.4 14.6 10.0 9.1 10.5 396.6 538.7 374.7 Operating Profit Q3 2005-06 ($M)
197200078R
2.9 FRS 28 : Re-alignment of associated companies’ financial statements 12.7 FRS 102: Share-based payments to employees
Overall impact
4.7 FRS 39 : Financial instruments: Recognition & measurement 99.0 FRS 16 : Aircraft maintenance & overhauls
Group ($M) Impact of FRS changes on Profit after tax
+ +
84.5
197200078R
Contribution To Group Operating Profit
SATS 12.8% (+0.9 pt) SIAEC 6.0% (+3.3 pts) SIA Cargo 25.8% (-2.5 pts) Others 2.5% (-3.6 pts) SIA 51.3% (+1.7 pts)
SilkAir 1.6% (+0.2 pt)
197200078R
* Financial results for Q3 of FY2004-05 have been restated to account for share options to employees of $7.6 million.
10.3 + 2,443.0 2,695.4 Total Revenue 11.8 Change (%) + pts 1.3 6.1
7.1 Operating Profit Margin (%) 204.5 192.1 Operating Profit 2,238.5 2,503.3 Total Expenditure Q3 2004-05 * ($M) Q3 2005-06 ($M)
197200078R
Operating Statistics
3.0 + 26,767.8 27,566.3 Available Seat-KM (M) 4.2 Change (%) + pt 0.9 + 75.7 76.6 Passenger Load Factor (%) 20,274.1 21,121.6 Revenue Passenger- KM (M) Q3 2004-05 Q3 2005-06
197200078R
Operating Statistics
5.9 + 10.2 10.8 Passenger Yield- Including Fuel Surcharge (¢/pkm) 7.0 Change (%) + 7.1 7.6 Passenger Unit Cost (¢/ask) Q3 2004-05 Q3 2005-06 0.8 + 69.6 70.4 Passenger Breakeven Load Factor (%) pt 6.2 6.1 pts pts 0.1 + Passenger Load Factor Spread (%) pt
197200078R
Cost Composition
Fuel 37.1% (+9.1 pts) Staff 15.3% (-2.0 pts) Depr.,Rental & Carrying Costs 11.0% (-1.7 pts) Handling 7.5% (-0.6 pt) Sales 6.1% (-1.1 pts) Others 23.0% (-3.7 pts)
197200078R
Top 5 Expenditure Breakdown
200 400 600 800 1000 Sales Handling Depr., Rental & Carrying Costs Staff Fuel
Q3 (2005-06) Q3 (2004-05)
153.2 (-4.8%) 186.3 (+2.6%) 275.1(-3.6%) 383.7 (-0.9%) 929.1 (+48.4%) 161.0 181.5 285.3 387.0 626.2
$M
197200078R
Fuel Price Before Hedging
40 45 50 55 60 65 70 75 80 Q 1 ( F Y 4 / 5 ) Q 2 ( F Y 4 / 5 ) Q 3 ( F Y 4 / 5 ) Q 4 ( F Y 4 / 5 ) Q 1 ( F Y 5 / 6 ) Q 2 ( F Y 5 / 6 ) Q 3 ( F Y 5 / 6 )
79.1 (+25.8%) 62.9
USD/bbl
197200078R
200 400 600 800 1000 1200
($M)
Q3 (04/05) Q3 (05/06)
Fuel Costs At Current Year’s Price and Exchange Rate (net of hedging gains) 626.2 929.1 +302.9 (+48.4%)
197200078R
Passenger Unit Cost
1 2 3 4 5 6 7 8 9 Q3 (04/05) Q3 (05/06) cents
7.1 7.6 (+7.0%)
197200078R
Passenger Unit Cost
2.8 (-17.6%) 3.4 1.4 1.4 3.4 (+47.8%) 2.3 1 2 3 4 5 6 7 8 9 Q3 (04/05) Q3 (05/06) cents 7.1 7.6 (+7.0%) Unit Fuel Cost Unit Staff Cost Unit Other Costs
197200078R
Passenger Unit Cost
3.2 (-5.9%) 3.4 1.4 1.4 3.4 (+47.8%) 2.3 1 2 3 4 5 6 7 8 9 Q3 (04/05) Q3 (05/06) cents 7.1 8.0 (+12.7%) Unit Fuel Cost Unit Staff Cost Unit Other Costs FRS 0.4
197200078R