th June 2012 Q1Full Results – 30 Year Results 2012 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 1 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. (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 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 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 3 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 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 4 No. 1 for Traffic Growth PAX M’s 75 50 25 FY 05 06 07 08 09 10 11 12 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 13 5 Ryanair - The World’s Favourite Airline Source: IATA published statistics compared to forecasted Ryanair traffic for FY13 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 6 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. (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 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) (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 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 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair Net Cash €171m 9 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 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 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 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 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 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 12 ’ Appendices Appendices (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 13 2013Network : 51 Bases (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 14 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%) - - (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 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 (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 16 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). (c) This presentation is subject to copyright and may not be copied or used without the express consent of Ryanair 17
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