1 / 26

Moscow August 1, 2002 1

Financial Results (IAS) 2001 . Moscow August 1, 2002 1 . Operating Results of activity 2001. Operating Results 2001 . Seat Load Factor 2001.

alayna
Download Presentation

Moscow August 1, 2002 1

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Results (IAS) 2001 Moscow August 1, 20021

  2. Operating Results of activity2001

  3. Operating Results 2001

  4. Seat Load Factor 2001 The seat load factor of the Company international and domestic routs stayed on the level of year 2000, at the same time passenger turnover ratio increased on 8.6%.

  5. Financial results of activity 2001 in accordance with IAS

  6. The Basic articles of Balance Sheets (IAS)

  7. Income Statement (IAS) Decrease of deferred liabilities of the Company on income tax (the change of income tax rate from 35% to 24% and also revaluation of several assets of the Company) was generally affected on the net income volume.

  8. Revenue and Costs of Aeroflot 1993-2001 (IAS) (million USD)

  9. Traffic Revenue (IAS) (million USD) 44,6% 16,6 12,2% Cargo traffic decrease might be explained by replacement of company’s fleet that is a result of prohibition of execution flights to the Europe with Il – 76 aircrafts. Aeroflot is planning to create regular cargo rout Europe - Asia, that is enjoy stable demand, using DC-10 aircrafts.

  10. Passengers Traffic revenue (IAS) (million USD) 31,2% 14,2% 157% 28,3%

  11. Operating Income (IAS)

  12. Passenger Traffic Revenue by Regions (IAS)

  13. Cargo Traffic Revenue by Regions (IAS)

  14. 2001 2000 % to2000 (million USD) Aircraft fuel 358,7 335,4 106,9% Aircraft and traffic servicing 259,3 240,5 107,8% Maintenance 112,5 94,1 119,6% Sales and marketing 110,7 92,0 120,3% Operating lease expenses 99,5 100,5 99,0% Administration and general expenses 83,2 64,0 130,0% Operating taxes 56,9 82,6 68,9% Third-party passenger services 41,5 34,4 120,6% Communication expenses 35,9 32,2 111,5% Increase in (release of) provision for bad and doubtful accounts 5,6 (34,2) - Other expenses 54,5 32,4 168,2% Total 1 218,3 1 073,9 113,4% Operating costs (IAS) (million USD)

  15. The Main factors of operating costs increase as referred to 2000 • Increase of flight hours and passenger turnover caused the increase of fuel costs, aircraft and traffic servicing e.t.c. • Re – equipment of passenger cabins of Russian made aircrafts • Increase of prices on :fuel, rates and fares for airport and aero navigation services, maintenance and repairing of foreign made aircrafts, insurance and electricity • Providing free transportation under the frequent flyer “Aeroflot Bonus” program

  16. 2001 2000 Aircraft fuel 29,4 31,2 Aircraft and air traffic servicing 21,3 22,4 Maintenance 9,2 8,8 Sales and marketing 9,1 8,5 Operating lease expenses 8,2 9,4 Administration and general expenses 6,8 6,0 Operating taxes 4,7 7,7 Third-party passenger services 3,4 3,2 Communication expenses 2,9 3,0 Increase in (release of) provision for bad and doubtful accounts 0,5 (3,2) Other expenses 4,5 3,0 Total 100 100 Costs Structure (IAS) (%) The Company developed cost saving program, introduction of these program have to provide expenses decrees in 2002 and further years. In particular the work under fleet optimization have to provide fuel expenses decrease that are the main component of operating costs of Aeroflot.

  17. Financial ResultsIAS (1998-2001) Creation of debt provisions influences on decrease of EBITDA rate. EBITDArates in 2000 and и 2001 are the same in general, if not to take into account influence of debt provisions.

  18. Income Rates Income per 1 carried passenger (in USD) Income per 1 passenger kilometer (in cent USD) 7,3% 23,1% 111,5% 84,7% Income rate per 1 passenger-kilometer: On International routs in 2001increased on 14,3% as compared with 2000, On Domestic routs in 2001 increased on 12,2% as compared with 2000 Income rate per 1 carried passenger: On International routs in 2001increased on 0.7% as compared with 2000, In Domestic routs in 2001 increased on 10,2% as compared with 2000.

  19. Asset Management Ratios Days Sales Outstanding The Fixed Assets Turnover ratio -4,9% 18,8% -14,8% 23,1% The Total Assets Turnover Ratio 16,7% 20,0%

  20. Profitability Ratios Profit Margin on Sales (%) ROA (%) ROE (%)

  21. 6 Months 2002 Results of Activity

  22. Operating Rates

  23. Operating Rates

  24. Passenger Traffic Revenue

  25. Operating Costs and Cost of 1 tkm

  26. Operating Result

More Related