FY 2023 Earnings Call
Financial year ending on September 30, 2023
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 1 |
Agenda
- ALAFCO Highlights
- Industry Update
- Operational Review
- Financial Review
- Sustainability Strategy
- Outlook
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 2 |
ALAFCO Highlights
As of 30th September 2023
51
Aircraft in Portfolio
14 | 11 |
Customers | Countries |
Presently | Presently |
4.9years | 8years |
Portfolio Weighted | Average Lease |
Average Age | Remaining |
AIRCRAFT COMPOSITION | AIRLINE DISTRIBUTION |
B737 NG A320ceo
5% 3%
B777-300ER | Americas | |
17% | Middle East | |
21% | 21% | |
Europe | Asia Pacific | ||
A350-900 | A320neo | 20% | |
57% | 38% | ||
18% | |||
SERVICES:
LEASING | AIRCRAFT | SALE & | AIRCRAFT LEASING | |||
TRADING | LEASEBACK | MANAGEMENT | ||||
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 3 |
INDUSTRY UPDATE
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 4 |
Industry Review
LEASING REVIEW | AIRLINES REVIEW | ||||||
• Excellent | comeback | in | • | Demand for travel continues to | |||
commercial aviation backed by | hold | strong, despite | higher | ||||
strong passenger growth. | ticket prices. | ||||||
• Supply chains appear to be | • | IATA | predicting | return to | |||
stabilizing but still behind OEM | profitability for | global | airline | ||||
expectations. | industry in 2023. |
- Medium-termoutlook for • International travel demand
demand remains promising, | approaching | pre-pandemic | |
driving up demand for new | levels, | supporting | airline |
aircraft. | profitability and growth plans. |
TRAVEL OUTLOOK
• Passenger demand and travel | |
recovery fast approaching pre- | |
pandemics levels. | |
• Momentum | in international |
travel has remained robust, with | |
growth across most regions. | |
• Despite higher inflation and | |
rising interest rates, the impact | |
on demand has not impacted | |
the pace of | recovery seen in |
- Rate of increases in lease rate still lags interest rates, but lessor benefitting from supply- demand dynamics.
- Geopolitical tension & jet fuel volatility may create potential headwinds in the near future which may taper growth.
2023. |
• Demand for air travel in the |
longer term is expected to |
double by 2040. |
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 5 |
OPERATIONAL REVIEW
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 6 |
FY 2023 Highlights
ALAFCO completed the following during FY 2023:
- Delivered two A320neo aircraft to Volaris, based in Mexico, from ALAFCO's orderbook.
- Sold two A320ceo aircraft to Berniq Airways, based in Libya.
- Sold 25 out of 53 aircraft as part of the sale and purchase agreement with Macquarie AirFinance.
- Transferred the ownership of 20 B737-8 Max on order from Boeing to Macquarie AirFinance.
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 7 |
Fleet Composition
B737 NG | A320ceo |
5% | 3% |
B777-300ER
17%
Current Portfolio
51
A350-900 | A320neo |
18% | |
57% |
Aircraft composition % include delivered aircraft based on aircraft NBV
Portfolio Weighted | 4.9 Years |
Average Age | |
- Maintaining a young portfolio of new generation liquid aircraft.
- Newly delivered aircraft contribute to the young average portfolio age.
- Limited investment in widebody aircraft to minimize the impact of headwinds on travel demand.
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 8 |
Airline Portfolio
38%
Asia Pacific
21%
Middle East
20%
Europe
21%
Americas
Distribution includes the portfolio of leased aircraft based on NBV.
Europe
20% | Asia Pacific |
Americas | 38% |
21% | 21% |
Middle East
ALAFCO's customer portfolio consists mainly of government backed airlines and well-established privately owned carriers backed by major investors.
© ALAFCO Aviation Lease and Finance Company. This presentation contains "forward-looking statements" with no warranty or representation given concerning such information. | 9 |
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ALAFCO - Aviation Lease and Finance Company KSCC published this content on 03 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2024 10:13:45 UTC.