th June 2012
Q1Full
Results
–
30
Year Results 2012
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Aer Lingus
On 19th June 2012, Ryanair launched an all cash
offer for Aer Lingus Group Plc. Since this matter
is subject to the strict Irish Takeover Rules
Ryanair will not comment on, or address, any
questions about this offer, which is also currently
under EU Commission review.
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2
Europe’s – Ultra Low Cost Carrier
Lowest Fares/Lowest Seat Costs in Europe
No fuel surcharges….Guaranteed!
No. 1 Traffic – 79m
No. 1 Cover – 1,500+ Routes and 51 Bases
No. 1 Custr Service - Most on time flights
- Fewest lost bags
- Fewest canx
Europe’s Ultra Low Cost Carrier
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No.1 for lowest fares
Av. Fare
Low
High
Ryanair
Easyjet
% > Ryanair
€44
€78
77%
Aer Lingus
€109
148%
Air France - KLM
€241
448%
Luftansa
€245
457%
IAG
€289
557%
Source: RYA to 30 June 2012 & Latest Published Company Year End/Quarter End Information
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4
No. 1 for Traffic Growth
PAX M’s
75
50
25
FY
05
06
07
08
09
10
11
12
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Ryanair - The World’s Favourite Airline
Source: IATA published statistics compared to forecasted Ryanair traffic for FY13
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No.1 for Coverage
51 bases
168 airports
28 countries
1,500+ routes
1,500+ daily dep
294 Boeing 737-800’s
Newest fleet (4yrs)
79m pax p.a.
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7
Q1 Financial Highlights
Jun 11
Pax
Jun 12
Change
21.3m
22.5m
+ 6%
83%
82%
- 1%
Av. Fare (incl. bag)
€43
€44
+ 4%
Rev. Per Pax
€54
€57
+ 5%
€1,155
€1,284
+ 11%
€139
€99
- 29%
Load Factor
Revenues (m)
Profit after Tax (m)
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8
Full Year Highlights - Strong Balance Sheet
Mar 12
€’M
Jun 12
€’M
Aircraft (incl Deps)
5,485
5,437
Cash
3,516
3,808
9,001
9,245
Liabilities
2,069
2,427
Debt
3,625
3,637
Shareholders Funds
3,307
3,181
Total
9,001
9,245
Total
Net Debt
€109m
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Net Cash
€171m
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Ryanair highlights
Q1 profit of €99m down €40m on prev. year – Net Margin 8%
Q1 Fuel costs – up €117m (27%)
40% of FY13 fuel incr. in Q1
Part. offset by fares +4%, ancill. rev. +15% (faster than traffic growth)
New bases perform well – High LF/Low yields at BUD & MOD
100% Spanish airport tax incr. – Winter cap. cuts at MAD, BCN & Canaries
STN traffic -7% in H1, BAA loses (7th) appeal and again delays sale
Spec. Div €0.34 per share (€489m) - Nov (subj. to AGM)
3rd cash offer for Aer Lingus at €1.30 per share
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10
Outlook for FY ‘13
Traffic to grow 5% to 79m
Higher oil prices increase op. costs
Recession, falling consumer confidence, restrains fares
Consol and industry exits continue – Air Finland, OLT Express
Q2 Av fare up by 4% to 7% (H2 – no visibility)
Fuel 90% hedged at $1,000 per tonne (Approx +€300m)
Unit costs ex fuel flat
Stg strength yield positive & cost negative
FY profit guidance unchanged at €400m - €440m
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11
Ryanair – Summary
Europe’s only ultra lowest cost/lowest fare airline
World’s No.1 intl. sched. airline – grow by 5% to 79m
Strong Growth to 2013 as comps consol, close, make losses
New Airports and bases ready for 79m pax growth
Deliver final 11 aircraft in winter 2012/13
Spec Div of 34 € cents per share or €489m for approval at AGM
Bid of €1.30 per share for AL (values AL at €694m)
FY13 Guidance unchanged – range of €400m to €440m
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12
’
Appendices
Appendices
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2013Network : 51 Bases
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Fuel Hedging
FY13 - 90% hedged at $1,000pmt (approx. + €300m)
Cost/Ton
FY 12
FY 13
% Mov.
Q1
$820 (Act)
$998 (Act)
+21%
Q2
$830 (Act)
$985 (90%)
+19%
Q3
$840 (Act)
$1,025 (90%)
+22%
Q4
$990 (Act)
$1,005 (90%)
+2%
FY 13 Fuel hedges at €/$ exchange rate of $1.38
Cost/Ton
FY 13
FY 14
% Mov.
Q1
$998 (Act)
$935 (50%)
-6%
Q2
$985 (90%)
$945 (50%)
-4%
Q3
$1,025 (90%)
-
-
Q4
$1,005 (90%)
-
-
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15
Customer satisfaction
Apr 12
Would Fly Ryanair Again
92%
Would Recommend Ryanair
87%
Overall Satisfaction
Value for Money
86%
92%
Sample Size 20,000 Ryanair customers
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Disclaimer
Certain of the information included in this presentation is forward looking and is subject to important risks
and uncertainties that could cause actual results to differ materially. By their nature, forward looking
statements involve risk and uncertainty because they relate to events and depend upon future circumstances
that may or may not occur. It is not reasonably possible to itemise all of the many factors and specific events
that could affect the outlook and results of an airline operating in the European economy. Among the factors
that are subject to change and could significantly impact Ryanair’s expected results are the airline pricing
environment, fuel costs, competition from new and existing carriers, market prices for the replacement
aircraft, costs associated with environmental, safety and security measures, actions of the Irish, U.K.,
European Union (“EU”) and other governments and their respective regulatory agencies, fluctuations in
currency exchange rates and interest rates, airport access and charges, labour relations, the economic
environment of the airline industry, the general economic environment in Ireland, the UK and Continental
Europe, the general willingness of passengers to travel and other economics, social and political factors and
flight interruptions caused by volcanic ash emissions or other atmospheric disruptions.
The directors of Ryanair and Coinside accept responsibility for the information contained in this presentation,
save that the only responsibility accepted by the directors of Ryanair and Coinside in respect of the
information in this presentation relating to Aer Lingus, the Aer Lingus Group, the directors of Aer Lingus and
persons connected with them, which has been compiled from public sources, has been to ensure that such
information has been correctly and fairly reproduced or presented (and no steps have been taken by the
directors of Ryanair or Coinside to verify this information). To the best of the knowledge and belief of the
directors of Ryanair and Coinside (who have taken all reasonable care to ensure that such is the case), the
information contained in this presentation for which they accept responsibility is in accordance with the facts
and does not omit anything likely to affect the import of such information.
Persons interested in 1% or more of any relevant securities in Ryanair or Aer Lingus may from the date of this
communication have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover
Rules 2007 (as amended).
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