Investor Presentaiton
QANTAS LOYALTY
Track record of growth and consistent cash flow contribution
Loyalty Underlying EBIT¹ ($m)
286
260
14% CAGR
231
202
163
167
128
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY152
■ Consistently delivered growth and targeted
continued double digit Underlying EBIT
growth
■ Underpinned by QFF billings, underlying
system growth and program enhancements
■ No EBIT generated from Qantas airline billings
-
66% of billings externally generated,
contribute 100% of QFF EBIT³
■ Core innovations delivering important
contribution, and growing
Highly cash generative business
1. Underlying EBIT results compared to prior periods normalised for changes in accounting estimates of the fair value of points and breakage expectations effective 1 January 2009. 2. FY15 forecast. 3. FY14, 102
remaining 34% represents airline billings, predominantly to Qantas Group airlines.View entire presentation