SMBC Group's Financial and Credit Portfolio
SMBCAC
Financial results
Global passenger demand forecast*
*3
Domestic demand exceeded pre-COVID-19 levels
1H
FY3/23
YOY
(USD mn)
FY3/24
(%)
Total revenue
1,488
990
+363
200
o/w Lease revenue
1,428
962
+363
Credit / Asset
impairment charges*1
(506)
(15)
+24
Net income
(77)
182
+77
100
Aircraft assets
*2
22,770
22,224
+5,007
Net asset
3,245
3,427
±0
ROE
(2.4)%
5.3%
+2.3%
0
| Aircraft Business of SMBC Group
(USD mn)
800
■SMBCAC related SMFL SMBC
Acquired SMBCAC
600
400
200
Domestic
2Q15
| Our strengths
Aircraft
portfolio 5
International
-Total
2Q19
2Q23
2Q27
(CY)
Wide body
(A350-B787)
Narrow body
Avg. age
5.5 years
Fuel efficient*6
Over 85%
More than 60%
11
12*4 13 14 15 16 17 18 19 20 21
(200)
22 23
1H
(FY)
Liquidity
S&P Rating
A- No.1 in industry
*1 Gross before netting guarantee deposits, etc. *2 Includes aircraft pre-delivery payment
*3 IATA/Tourism Economics. Represent changes from CY-19
*4 SMBCAC related includes revenue after the acquisition in June. *5 As of Dec. 22
*6 Neo/MAX/A350/B787
Undrawn
commitment lines
USD 9.8 bn
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