View presentation - easyJet plc

More documents

Recommendations

Info

4. Prudent management of cash and capex Strong balance sheet £m Mar ‘09 Sep ‘08 Fixed assets 1,335 1,103 Cash and money market deposits Goodwill and other intangible assets Other assets Total assets Debt Other liabilities Shareholders’ funds Total equity and liabilities 1,131 446 772 3,684 1,022 1,621 1,041 3,684 862 446 690 3,101 627 1,196 1,278 3,101 Gearing* 37% 29% *Gearing defined as (debt + 7 x annual lease payments – cash including restricted cash) divided by (shareholders funds + debt +7 x annual lease payments – cash including restricted cash) 16
4. Prudent management of cash and capex Cash flow from operations £221m £222m £261m £292m £161m Prudent approach Board approved gearing targets >25%
Page 1 and 2: Credit Suisse - June 2009 Rachel Ke
Page 3 and 4: Introduction to easyJet Europe’s
Page 5 and 6: easyJet - the priorities 1. Develop
Page 7 and 8: 1. Develop Europe’s No. 1 Air tra
Page 9 and 10: 1. Develop Europe’s No 1 Air tran
Page 11 and 12: 1. Develop Europe’s No 1 Air tran
Page 13 and 14: 2. Focus on margins - drive revenue
Page 15: 3. Mitigate risks: volatility of fu
Page 19 and 20: easyJet on track in a difficult env
Page 21 and 22: Questions and answers
Page 23 and 24: Fleet - exit expensive sub-fleets
Page 25 and 26: Forward bookings % seats sold * 90
Page 27: Outlook easyJet expects marke

View presentation - easyJet plc

Create successful ePaper yourself

Delete template?

Save as template?