Alliance Aviation Services Limited
Results Presentation
1H FY2022
only9 February 2022 useersonal
use only | Contents |
ersonal |
Alliance Aviation Services Limited 1HFY2022 Results Presentation
03. | KEY MESSAGES |
04. | CONTINUED E190 DEPLOYMENT |
ACTIVITY | |
05. | FIVE REVENUE STREAMS |
06. | OPERATIONAL METRICS |
07. | FINANCIAL SUMMARY |
15. | DEPLOYING THE E190'S |
16. | ROCKHAMPTON HANGAR |
17. | GROWTH STRATEGY |
18. | OUTLOOK |
20. | GROWING CLIENT CONTRACT BASE |
21. | COMMODITY EXPOSURE |
22 & 23. | CONTRACT AND WET LEASE FOOTPRINT |
24. | OPERATIONAL EXCELLENCE |
2
only | Key |
Messages | |
Alliance Aviation Services Limited announces a | |
half-year result which includes: | |
use | • Robust and increasing FIFO earnings; |
• | Strong underlying operating cash flows; |
• Record flight hours with increases in contract and wet lease hours;
CASH
Underlying profit | Maintain cash generation | |
which has funded growth | Revenue from operations | |
before tax of | ||
of $171.2m, up 11% | ||
$20.7.m | 1 | |
• COVID-19 has impacted E190 deployment resulting in a delay in revenue generation. Significant wet lease flying operations to
3
commence in April 2022; and
- Continued expenditure to prepare Alliance for a major increase in revenue and operations.
8 x E190 aircraft added to the fleet - Fleet total, 562
Contracted wet lease hours increased but tempered by COVID19
GROWTH
Flight hours up 9% to
20,843. Growth to
continue
ersonalAlliance Aviation Services Limited 1HFY2022 Results Presentation
- Underlying PBT and underlying cash flow are a non-statutory measures and used for the purpose of assessing the performance of Alliance during the year against comparable measures in the previous year.
- This number includes two E190 aircraft currently on dry lease.
3. Subject to the impacts of COVID-19 on domestic capacity demands. | 3 |
Continued | |||||||||
Activity | Status | ||||||||
only | |||||||||
E190 | Contracted wet lease | Qantas has wet lease options for 18 E190 aircraft (10 of which have | |||||||
activity | been exercised). | COVID-19 has impacted negatively on the planned | |||||||
utilisation | and | deployment | of these aircraft | and the forecast | |||||
Deployment | by April 20221, with the additional eight aircraft options to be exercised | ||||||||
significant revenue generation has extended by six months from | |||||||||
Activity | original expectations. It is forecast that all 10 aircraft will be deployed | ||||||||
E190 recruitment | Staff already employed to deliver our E190 fleet: | ||||||||
use | between April and October. | ||||||||
The first half of the 2022 Financial | 78 E190 pilots | ||||||||
77 E190 cabin crew | |||||||||
Year has continued to be the | |||||||||
36 E190 licensed engineering staff | |||||||||
preparatory phase for future | |||||||||
Reinforcement of the | Continued | to develop and | communicate our | strong culture and | |||||
substantial growth. The deployment | |||||||||
Alliance values | corporate objectives of safety, operational excellence and financial | ||||||||
of the E190 is a material step change | |||||||||
sustainability across a staff of 804. | |||||||||
for the Group. | |||||||||
Rockhampton | Construction has commenced in Rockhampton to deliver a state-of- | ||||||||
Hangar | the-art maintenance facility. | This facility will | be critical for the | ||||||
ersonal | continual operational excellence of Alliance. | ||||||||
Alliance Aviation Services Limited 1HFY2022 Results Presentation | 1. Subject to the impacts of COVID-19 on domestic capacity demands | 4 |
Five Revenue | Revenue |
Contract |
only | Streams | RPT | Charter | |
Revenue | Revenue | |||
use | Contract revenue | 1 | 2 | 3 |
continues to experience | Contract Revenue | Wet Lease | RPT Revenue | |
growth and underpins the | Long-term contract | Operating Alliance aircraft | Regular public transport | |
business. Wet lease | flying | for other carriers | services to regional ports | |
Wet
Lease
Aviation
Services
4 | 5 |
Charter Revenue | Aviation Services |
Short-term income from | Allied aviation |
ad-hoc requests | services |
activity increased | • | Growth in revenue (21%) | • | Wet lease revenue | • | RPT revenue decreased | |
ersonal | and hours (6%) compared to | increased during the half- | by 33% on the prior year | ||||
however growth was | |||||||
prior comparative period | year. | as a result of a strategic | |||||
delayed as a result of | (pcp). | • | The forecast growth in | decision of the Group to | |||
COVID-19. This is | • | Sustained activity in the | wet lease did not | further reduce its RPT | |||
resources sector plus full | materialise as a direct | footprint and focus on | |||||
expected to rebound | |||||||
half-year effect of new | result of the impact of | being a wholesaler of | |||||
strongly from April 2022. | clients acquired. | COVID-19 on the travel | capacity. | ||||
• | No material contract | and tourism sectors. | • | Alliance's RPT footprint | |||
renewals were due within | • | Alliance can immediately | will be limited to | ||||
the half-year. | deploy up to 10 aircraft at | underwritten services. | |||||
increased utilisation. | |||||||
- Charter revenue reduced by 64% when compared to pcp reflecting the ad- hoc nature of the revenue.
- Material charter client conversion to contract revenue in late FY2021.
- A number of inventory sales transaction occurred in the first half.
- Aerodrome management continues to contribute positively.
Alliance Aviation Services Limited 1HFY2022 Results Presentation
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Alliance Aviation Services Limited published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 06:07:07 UTC.