#1RYANAIR Half Year Results RYANAIR RYANAIRD Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 1#2EUROPE'S FAVOURITE LOW FARES AIRLINE K Lowest Fares/Lowest Unit Costs in Europe No Fuel Surcharges....Guaranteed! No 1 For Traffic No 1 For Coverage Your K K You No 1 For C'mer Service - 81m 1,600+ Routes from 58 Bases Most on time flights Fewest mishandled bags Fewest cancellations Unblemished 29 Year Safety Record 175 New A/C Order Underpins 2014-19 Growth to 110m p.a. Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 2#3C'mers (m's) 80 75 70 65 60 55 NO. 1 - FOR TRAFFIC 50 IAG INTERNATIONAL AIRLINES GROUP EU Short Haul AIR FRANCE KLM Lufthansa easyJet Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 3#4Your Cam You NO. 1 - FOR COVERAGE 58 bases 180 airports 29 countries 1,600+ routes 303 Boeing 737-800 NG's Newest fleet (< 5 Yrs) 81m c'mers p.a. KNOCK SHANNON KERRY CORK DERRY DUBLIN FARO SANTIAGO PORTO AGADIR GLASGOW LIVERPOOL MANCHESTER BIRMINGHAM BOURNEMOUTH LANZAROTE TENERIFE (S) TENERIFE (N) GRAN CANARIA FUERTEVENTURA ESSAOUIRA BRISTOL SANTANDER VALLADOLID. MADRID SEVILLE JEREZ MALAGA RABAT FEZ BREST MARRAKESH TANGIER EDINBURGH DINARD NANTES LA ROCHELLE ALMERIA NEWCASTLE LEEDS EAST MIDLANDS LONDON (L) LONDON (S) LONDON (G) NADOR Europe's favourite low fares airline DONCASTER OUJDA POITIERS LIMOGES CLERMONT BERGERAC BRIVE CARCASSONNE PERPIGNAN ZARAGOZA TOURS EINDHOVEN LILLE BORDEAUX BIARRITZ LOURDES MONTPELLIER CUNEO MARSEILLE HAUGESUND REUS VALENCIA ALICANTE MURCIA GRONINGEN DUSSELDORF PARIS BRUSSELS VATRY STRASBOURG DOLE BEZIERS GIRONA BARCELONA IBIZA PALMA MENORCA OSLO TORP BILLUND MEMMINGEN ST. ETIENNE RODEZ GRENOBLE TURIN NIMES PARMA GOTHENBURG AARHUS BREMEN MUNSTER FIGARI JÖNKÖPING DORTMUND NICE TOULON GENOA BADEN-BADEN MAASTRICHT MAGDEBURG LODZ LEIPZIG WROCLAW MILAN VENICE PISA PERUGIA ROME ALGHERO LUBECK COLOGNE FRANKFURT OSTRAVA KRAKOW NUREMBERG CAGLIARI PALERMO TRAPANI KARLSTAD ÄNGELHOLM MALMÖ BERLIN BOLOGNA TRIESTE PULA SMÅLAND KALMAR VÄSTERÅS STOCKHOLM ANCONA LAMEZIA SZCZECIN KLAGENFURT PESCARA LINZ BRATISLAVA SALZBURG MALTA RIJEKA ZADAR GDANSK POZNAN CATANIA BRNO SKELLEFTEÅ BYDGOSZCZ BARI PODGORICA TAMPERE BRINDISI CORFU KEFALONIA ZAKYNTHOS KALAMATA This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair BUDAPEST WARSAW LUBLIN KATOWICE LAPPEENRANTA TALLINN RIGA KAUNAS VILNIUS RZESZOW CHANIA TARGU MURES CONSTANTA PLOVDIV VOLOS PATRAS ARAXOS KOS RHODES ● PAPHOS RYANAIR 4#5NO. 1 - FOR CUSTOMER SERVICE K Lowest fares & no fuel surcharges Yam Free 10kg cabin bag, 80% c'mers don't check-in bag Biggest route network in Europe (1,600+ routes) Most on-time flights, 94% Aug - new record Fewest cancellations, < 1 per 10,000 flights Aug Least mishandled bags - 0.38 (per 1,000 bags) v EU avg 9.4 Priority boarding & reserved seating extended to 45 seats Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 5#6H1 FINANCIAL HIGHLIGHTS You !!!! Traffic Load Factor Avg. Fare (incl. bag) Rev. Per C'mer Revenues Profit after Tax Sept 12 48m 84% €53 €65 €3,106m €596m Europe's favourite low fares airline Sept 13 49m 85% €52 €66 €3,255m €602m Change + 2% © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair + 1% - 2% + 2% + 5% + 1% RYANAIR 6#7STRONG BALANCE SHEET Aircraft (inc. dep.) Cash Total Liabilities Debt S/H Funds Total Net Cash €61m Mar 13 €5,384m €3,559m €8,943m €2,172m €3,498m €3,273m €8,943m Europe's favourite low fares airline Sept 13 €5,453m €3,461m €8,914m €1,985m €3,286m €3,643m €8,914m Net Cash €175m © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair (after €177m buybacks) RYANAIR 7#8LOWEST FARES IN EUROPE LOW HIGH Source: Published Cal Q2 results. Ryanair easyJet Norwegian Aer Lingus (s/h) Air Berlin SAS Lufthansa AF-KLM IAG Avg. Fare €42 €80 €83 €94 €118 €133 €231 €240 €241 Europe's favourite low fares airline % > Ryanair + 89% + 96% + 121% + 178% + 213% +444% + 466% + 468% RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 8#9LOWEST EX FUEL UNIT COSTS Staff Airport & handling Route charges Ownership & maint. S & M + other Total % > Ryanair Source: Published Cal Q2 results. RYA €6 €8 €7 €6 €2 €29 EZY €9 €21 €6 €9 €9 €54 NOR €15 €17 €8 €16 €6 €62 Europe's favourite low fares airline AB1 €15 €30 €8 €27 €25 €105 + 86% +114% +262% LUV €36 €8 €0 €16 €16 €76 +162% Spirit © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair €14 €5 €0 €15 €12 €46 +59% RYANAIR 9#10H1 HIGHLIGHTS K ✔ Vou Traffic up 2% to 49m Yield down - no Easter, weaker STG & lower pricing Rev per c'mer up 2% to €66 - strong ancil's (+22%) Ex fuel cost per c'mer €27 (+3%), fuel up €76m (+7%) €602m profit (+1%) New cost reductions drive profitable growth New c'mer service initiatives announced New website & digital dev. plan unveiled Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 10#11NEW COST REDUCTIONS DRIVE PROFITABLE GROWTH 175 new Boeing a/c deal - first del. Sept 2014 ✔ 10 yr Stn growth deal agreed from Apr 2014 - Lower costs & more efficient facilities Yam - Stn traffic to grow 50% from 13m to > 20m p.a. Delivers 25% of forecast traffic growth to 2019 10 yr WAW (Mod) growth deal from Sept 2013 - Lower costs & more efficient facilities First 2 domestic routes (Gdn & Wro) from April 2014 - Irish Govt. scraps €3 travel tax from April 2014 - Grow by > 1m c'mers p.a. - 8 new Snn & 3 new Noc routes announced Flags in Sp, Fr, It, Cen Eur, Scan & Ger cut capacity - growth opportunity Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 11#12NEW CUSTOMER SERVICE INITIATIVES ANNOUNCED V !!!! Twitter account @Ryanair opened Sept (17k foll's in 1 month) RECAPTCHA scrapped for indiv's - 30 Oct 24hr grace period to correct minor b'king errors - 1 Nov Quiet flights (pre 8am & after 9pm) - 1 Nov Allow 2nd small carry on bag - 1 Dec B'rding card reissue fee cut, €70 to €15 (if chk in online) - 1 Dec Std. apt. bag fees cut, €60 to €30 - 1 Jan Allocated seating for all c'mers from Feb 2014 - revenue potential Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 12#13NEW DIGITAL DEVELOPMENT PLAN UNVEILED K You New look, simpler website (17 to 5 clicks) - end Nov "My Ryanair", c'mer registration (user/p'mnt details) -end Dec Mobile boarding passes - end Feb "Share the fare" facility - end Mar "Fare finder" feature - end Apr New mobile app for smart phones & tablets - May New tailored country websites, Spain & Italy - June New business and family products being developed Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 13#14FY'14 OUTLOOK Vor ✔ Vou !!! FY Traffic up 2% to 81m. Q3 +3%, Q4 (no Easter) -1% FY fuel up €130m, ( from €170m due savings & cap. cuts) FY unit costs ex fuel up 1%. Sect. length adj. ↓ 4% (↓ 7% H2) FY guide cut (€500m-€520m) due lower fares, Q3 -9%, Q4 -10% Fuel & $ costs fall into FY 15 Apt deals (Stn & Mod) & Ire govt tax cut red. unit costs further New c'mer service & web improvements to drive demand 175 a/c order delivers controlled, profitable growth to FY'19 Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 14#15Appendices Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 15#16GIRLS OF RYANAIR - 2014 CHARITY CALENDAR ✔ !!!! SUFF Over 400 volunteers 13 cabin crew selected Shot in Chania, Crete 10,000 copies Onboard & online sales €100,000 sales target €700,000 raised since 2008 Charity Partner - Teenage Cancer Trust (UK) The girls of RYANAIR 2014 CABIN CREW CHARITY CALENDAR Europe's favourite low fares airline ondon Victoria Station ARD RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 16#17FY2014 NETWORK - 58 BASES SHANNON CORK PORTO FARO TENERIFE LANZAROTE DUBLIN G. CANARIA SEVILLE MALAGA GLASGOW LIVERPOOL EAST MIDLANDS BRISTOL B'MOUTH MADRID FEZ MARRAKESH VALENCIA ALICANTE EDINBURGH LEEDS MANCHESTER BIRMINGHAM LONDON (L) LONDON (S) MARSEILLE GIRONA MAASTRICHT BRUSSELS BARCELONA PALMA EINDHOVEN MILAN Europe's favourite low fares airline PISA ALGHERO BILLUND WEEZE ROME OSLO BREMEN FRANKFURT BADEN-BADEN CAGLIARI BOLOGNA PESCARA TRAPANI MALTA BARI BRINDISI STOCKHOLM WROCLAW CHANIA KRAKOU ZADAR BUDAPEST KAUNAS © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair PAPHOS RYANAIR 17#18MARGIN & SHAREHOLDER RETURNS Net Margin Cash Earnings Free Cash Flow ** * RYA ** 12% Net Cash/(Debt)*** S'holder Returns **** €1,530m Source: Latest published YE results & stats from Reuters 18% €828m €61m EZY 7% 9% €380m NOR 4% (Net profit + depreciation) / total revenue Operating cash flow adjusted for tax, interest and capex *** Post €492m special dividend in November 2012. Net cash position of €175m at 30th Sept 2013. **** All shareholder returns from 2007 to FY 12. RYA have returned a further €252m since YE. Europe's favourite low fares airline 7% AB1 €64m (€125m) (€235m) €72m (€497m) (€756m) 0% 2% - LUV 2% © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 7% €557m (€142m) €1,375m RYANAIR 18