CEB Investors' and Analysts' Briefing 2Q11 - Cebu Pacific Air

More documents

Recommendations

Info

2. Financial Results
Resilient Profits Amidst Tough Business Environment For the Quarter Ended For the Six Months Year-on-Year Change 30-Jun-10 30-Jun-11 30-Jun-10 30-Jun-11 1Q2011 2Q2011 1H2011 Passengers ('000) 2,712 3,112 5,219 5,918 11.9% 14.8% 13.4% Total Revenue (Php m) 7,918 9,210 14,920 16,730 7.4% 16.3% 12.1% Average Fare (Php) 2,528 2,431 2,469 2,343 -6.6% -3.8% -5.1% Ancillary Revenue per Passenger (Php) 200 368 198 321 37.1% 84.3% 62.1% EBITDAR (Php m) 3,040 2,460 5,424 4,237 -25.4% -19.1% -21.9% EBIT (Php m) 2,147 1,394 3,646 2,135 -50.6% -35.1% -41.4% Net Income (Php m) 1,609 1,239 3,166 2,440 -22.9% -23.0% -22.9% Pre-tax Core Net Income (Php m) 1,957 1,339 3,231 2,010 -47.4% -31.6% -37.8% EBITDAR Margin 38.4% 26.7% 36.4% 25.3% -10.4 -11.7 -11.0 EBIT Margin 27.1% 15.1% 24.4% 12.8% -11.6 -12.0 -11.7 Net Income Margin 20.3% 13.5% 21.2% 14.6% -6.3 -6.9 -6.6 Pre-tax Core Net Income Margin 24.7% 14.5% 21.7% 12.0% -9.3 -10.2 -9.6 CEB delivered comfortable margins in 2Q2011 despite continued rise in jet fuel prices to an average of US$130.76/bbl (published MOPS) in 2Q2011, 45.5% higher YoY. EBITDAR margin and pre-tax core net income margin were at 26.7% and 14.5%, respectively, in 2Q2011; 25.3% and 12.0%, respectively in 1H2011. 13
Page 1 and 2: Cebu Air, Inc. (CEB) 2Q2011 Results
Page 3 and 4: Quarter Highlights 1 2 14.8% traffi
Page 5 and 6: 1. Business Updates
Page 7 and 8: Sustained Domestic Market Leadershi
Page 9 and 10: Revenue Growth Outpaces Traffic Gro
Page 11: Constantly Improving Operational Ef
Page 15 and 16: Summary of Income Statement 15 For
Page 17 and 18: 3. Looking Ahead
Page 19 and 20: Thank you.
Page 21 and 22: Summary of Balance Sheet Php Millio
Page 23: Increased Capacity in the Philippin

CEB Investors' and Analysts' Briefing 2Q11 - Cebu Pacific Air

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?