AAV

|

6.45

+0.05 (+0.78%)

24/10/2017 (11:00)
Financial Highlight
Year Q1/2017 1H2017
(Baht million) 2013 2014 2015 2016
INCOME STATEMENT
Revenues 23,485.0 25,355.5 29,507.3 32,400.6 9,150.2 17,485.9
Cost of sales (19,928.4) (23,707.7) (25,315.1) (26,687.8) (7,569.2) (15,034.9)
Gross profit 3,556.7 1,647.9 4,192.2 5,712.8 1,581.0 2,451.0
Other income
(incl. net gain on exchange rates)
928.8 919.8 956.3 729.7 395.4 648.1
Profit before expenses 4,485.5 2,567.6 5,148.5 6,442.5 1,976.4 3,099.1
Selling and administrative expenses (1,755.7) (1,924.9) (2,377.4) (2,636.1) (747.2) (1,447.0)
Net loss on exchange rates - - (204.8) (79.5) - -
Profit before finance costs and income tax (EBIT) 2,729.8 642.8 2,566.4 3,727.0 1,229.2 1,652.1
Finance costs (171.0) (312.8) (457.1) (520.9) (158.5) (330.2)
Income taxes (651.2) 1.3 (151.1) 191.5 (36.0) 19.3
Net profit 1,907.7 331.3 1,958.3 3,397.6 1,034.8 1,344.4
Non-controlling interests 864.9 148.1 879.8 1,528.1 464.5 603.4
Net profit attributable to owners of the parent 1,042.8 183.2 1,078.5 1,869.5 570.3 741.0
Earnings per share (Baht) 0.2150 0.0378 0.2224 0.3855 0.1176 0.1528
BALANCE SHEET
Cash and cash equivalents 1,958.6 4,789.1 6,122.8 4,661.4 5,133.8 5,208.7
Total current assets 7,816.8 7,492.5 8,829.2 8,759.6 9,388.8 8,497.3
Total non-current assets 37,118.4 42,009.3 43,997.3 47,839.8 49,179.0 50,991.0
Total assets 44,935.3 49,501.8 52,826.5 56,599.4 58,567.8 59,488.3
Total debt* 8,160.8 12,077.0 14,036.8 15,455.2 16,175.5 17,428.9
Net debt (Total debt - Total cash) 6,202.2 7,287.9 7,914.0 10,793.9 11,041.7 12,220.2
Total current liabilities 10,988.4 7,864.8 8,296.5 9,270.1 9,411.9 8,620.9
Total liabilities 18,260.0 22,485.9 24,743.3 26,479.2 27,412.8 28,023.6
Equity attributable to owners of the parent 19,345.9 19,534.2 20,142.4 21,270.5 21,840.8 22,011.5
Total equity 26,675.3 27,015.9 28,083.2 30,120.2 31,155.0 31,464.7
* Total debt = borrowings from financial institutions + finance lease liabilities
CASH FLOW STATEMENT
Net cash generated from (used in) operating activities 3,692.4 1,849.0 4,073.7 4,381.6 1,459.5 1,989.0
Net cash generated from (used in) investing activities (5,237.7) 2,025.4 (183.6) (2,785.6) (339.1) (595.6)
Net cash generated from (used in) financing activities (436.2) (1,030.8) (2,529.1) (3,098.1) (593.9) (786.0)
Net increase (decrease) in cash and cash equivalents (1,981.5) 2,843.6 1,361.0 (1,502.1) 526.5 607.4
FINANCIAL PERFORMANCE (%)
Return on total assets 2.6% 0.4% 2.1% 3.4% 2.5% 2.1%
Return on equity 5.5% 0.9% 5.4% 9.0% 6.7% 5.4%
EBIT margin 11.6% 2.5% 8.7% 11.5% 13.4% 9.4%
Net profit margin 4.4% 0.7% 3.7% 5.8% 6.2% 4.2%
OPERATING STATISTICS
Passengers carried (million) 10.5 12.2 14.8 17.2 5.0 9.5
Capacity (million seats) 12.6 15.3 18.2 20.5 5.4 10.9
Load factor (%) 83% 80% 81% 84% 89% 88%
RPK (million) 10,829 12,420 14,872 17,285 4,749 9,379
ASK (million) 12,951 15,419 18,116 20,629 5,327 10,700
Aircraft utilisation (hours per day) 11.7 10.9 11.5 11.7 11.9 11.6
Average fare (Baht) - including fuel surcharge 1,885 1,726 1,667 1,565 1,569 1,523
Revenue per ASK (Baht) 1.81 1.64 1.63 1.57 1.72 1.63
Cost per ASK (Baht) 1.67 1.66 1.53 1.42 1.56 1.54
Cost per ASK - excluding fuel (Baht) 0.95 0.93 0.98 1.02 1.08 1.06
Number of stages 70,149 85,074 101,231 113,776 30,109 60,424
Average stage length (km) 1,026 1,008 995 1,007 983 984
Size of fleet at year end 35 40 45 51 53 54