Türk Hava Yollari Anonim Ortakligi : December 2021- Earnings Call Presentation
March 04, 2022 at 04:06 am EST
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2021 Fourth Quarter Results
Investor Presentation
KEY
1.
2.
3.
4.
TAKEWAYS
SUMMARY
4Q'21
4Q'21
STRATEGY
OF ROBUST
OPERATIONAL
FINANCIAL
AND
RECOVERY
HIGHLIGHTS
HIGHLIGHTS
TARGETS
2
Total Revenue
Cargo Revenue Cash & Liquidity
Passenger
Capacity
Cargo Capacity
Full recovery of 4Q'19
and 81% of 2019
revenue achieved in
2021.
2021 - 2019
4Q'21 - 4Q'19
101%
81%
Cargo Revenue surged
by 138% in 2021
compared to 2019.
mn USD
4.015
1.688
20192021
Cash & Liquidity remains strong with ~2,7 bn USD cash & eq. and over 3 bn USD available credit lines.
mn USD
31 Dec. 2021
2.682
31 Dec. 2020
1.829
84% of 2019 capacity level reached in the fourth quarter of 2021.
84%
Carried cargo tons
exceeded 2019 level by
22%.
000 Ton
1.880
1.544
20192021
Strengthening our position on the back of Turkey's swift tourism recovery
Europe - Top 10 Airlines (2021 vs. 2019)1
International Tourist Arrivals (21/19)2
Ryanair
1321
-43,1%
-11% Turkey
Turkish Airlines
938
-43,9%
Air France
648
-56,5%
-25% Mexico
-31%Spain
Lufthansa
617
-53,6%
EasyJet
607
-49,3%
KLM
502
-44,9%
-65%World
Wizz Air
391
-54,3%
Pegasus
367
-54,8%
Thailand
-94%
-51,5%
SAS
318
Vueling
306
-49,4%
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Mexico
Turkey
Spain
Thailand
World
Turkish Airlines was the busiest network carrier in
Turkish tourism recovered swiftly to almost 2019 levels
European airspace in 2021.
well ahead of its global peers.
1Source: Eurocontrol
2Source: UNWTO
Note: Mexico December data is not available.
4
Turkish Airlines experienced a robust recovery throughout 2021
Recovery through COVID-19 (mn. USD)
3645
3.405
3.309
Revenue exceeded
3145
85%
101%
Q4'19 levels
2645
2.176
2145
1.772
1.796
Revenue
Profit from Main Operations
1645
1.528
68%
% of 2019 Revenue
65%
1145
54%
901
38%
722
619
645
28%
145
75
112
114
-118
-41
-355
Q2'20
Q3'20
Q4'20
Q1'21
Q2'21
Q3'21
Q4'21
4Q'19: 336 mn USD
5
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Turkish Airlines AO published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 09:05:04 UTC.
Turk Hava Yollari AO is a Turkey-based company, which provides passenger and cargo air transportation services. It operates under following business segments: Air Transport (Aviation), which consist of mainly domestic and international passenger and cargo air Transportation, as well as Technical Maintenance Services (Technical), which consist of mainly aircraft repair and maintenance services and providing technical and infrastructure support related to aviation sector. Its subsidiaries include: THY Teknik AS, engaged in aircraft maintenance services, as well as THY Ucus Egitim ve Havalimani Isletme AS, engaged in training and airport operations. The Company serves all domestic destinations as well as the Middle East, North America, Europe, Asia, North Africa and South Africa.