Norwegian s erfaringer med dagens rutetilbud på Vigra, og nye muligheter i fremtiden. Lars Sande Sales direktør lars@norwegian.no

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1 Norwegian s erfaringer med dagens rutetilbud på Vigra, og nye muligheter i fremtiden. Lars Sande Sales direktør lars@norwegian.no

2 Inntektsøkning på 2,3 mrd i % Domestic Revenue (MNOK) International Revenue (MNOK) Total Revenues (MNOK) MNOK Revenues Domestic revenue % y.o.y. chg 26 % 14 % 11 % 11 % International revenue % y.o.y. chg 12 % 20 % 30 % 28 % Slide: 2

3 457 mill forbedret resultat før skatt MNOK EBT margin 9 % 3 % 2 % 5 % Slide: 3

4 Trafikk vekst på 17 % i ASK Load Factor + 18 % 100 % % 79 % 80 % 79 % 78 % 77 % 79 % 79 % 80 % 62 % 67 % % Available Seat KM (ASK) ASK Load Factor 62 % 67 % 78 % 79 % 80 % 79 % 78 % 77 % 79 % 79 % 40 % 20 % 0 % Load Factor Slide: 4

5 17,7 mill passasjerer i % Passengers (million) Pax (mill) Slide: 5

6 Enhetskostnadene ex fuel ned 3 % i Operating cost EBITDA level per ASK (CASK) Cost per ASK (CASK) (NOK) CASK ex. fuel Fuel share of CASK CASK excl fuel Norwegian hedges USD/NOK to counter foreign currency risk exposure on USD denominated borrowings translated to the prevailing currency rate at each balance sheet date. Hedge gains and losses are according to IFRS recognized under operating expenses while foreign currency gains and losses from translation of USD denominated borrowings are recognized under financial items and is thus not included in the CASK concept. Hedge effects offset under financial items have not been included in this graph. Slide: 6

7 Enhetskostnadene ex fuel ned 8 % i Q Fuel share of CASK Operating cost EBITDA level per ASK (CASK) Cost per ASK (CASK) (NOK) CASK ex. fuel Q4 09 Q4 10 Q4 11 Q4 12 CASK excl fuel Norwegian hedges USD/NOK to counter foreign currency risk exposure on USD denominated borrowings translated to the prevailing currency rate at each balance sheet date. Hedge gains and losses are according to IFRS recognized under operating expenses while foreign currency gains and losses from translation of USD denominated borrowings are recognized under financial items and is thus not included in the CASK concept. Hedge effects offset under financial items have not been included in this graph. Slide: 7

8 Ålesund - Oslo

9 Total utvikling

10 Norwegian utvikling

11 Norwegian markedsandel

12 Ålesund - London

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14 Stabilt passasjervolum

15 Incoming volumet er økende

16 fredag mandag AES-LGW 21:50-23:10 20:40-22:00 LGW-AES 18:00-21:10 17:05-20:15

17 Ålesund - Trondheim

18 Hva så vi i oktober 11

19 24% passasjerøkning siden % markedsandel i 2012 Ålesund - Trondheim

20 Ålesund - Bergen

21 27% passasjerøkning siden % markedsandel i 2012 Ålesund - Bergen

22 Ålesund Alicante/Las Palmas

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24 Kostnadskontroll er en forutsetning for å overleve 2012 Bankruptcies On the verge Government bailouts?

25 Norwegian er posisjonert i Break-even beltet en forutsetning for bærekraftig drift Aiming for the Comfort Zone Sources: SAS Group Q report & Annual Report 2011 (cost displayed October 2011 September 2012), Finnair Plc. Annual Report 2011, Ryanair Annual Report 2012, easyjet year-end report 2012, Air Berlin Annual Report 2011 and Norwegian s estimations Cost per available seat kilometer is an industry-wide cost level indicator often referred to as CASK. Usually represented as operating expenses before depreciation and amortization (EBITDA level) over produced seat kilometers (ASK). Finnair: Non-airline operating expenses calculated by deducting Airline Business expenses as presented in the Business segment data from total operating expenses. SAS Group: Revenues from mail & freight, ground handling services, technical maintenance and terminal & forwarding services as presented in the 2011 annual report are classified as non-airline and are deducted from airline operating expenses. SAS Group s figures are unadjusted for restructuring costs it has been a constant fixture in most financial statements the last decade. Foreign exchange rates used are equivalent to the daily average rates corresponding to the reporting periods and as stated by the Central Bank of Norway Norwegian hedges USD/NOK to counter foreign currency risk exposure on USD denominated borrowings translated to the prevailing currency rate at each balance sheet date. Hedge gains and losses are according to IFRS recognized under operating expenses while foreign currency gains and losses from translation of USD denominated borrowings are recognized under financial items and is thus not included in the CASK concept. Hedge effects offset under financial items have not been included in this graph. 25

26 Thai base Skape, og sikre arbeidsplasser - både i etablerte og nye markeder UK base Spanish bases

27 Flåteplan 14 nye leveranser i 2013 Kortsiktig mangel på Midlertidig dekkes med nye Dreamliner forventes levert i 2013

28 276 leveranser Den mest effektive og miljøvennlige flåten Sikrer kostnadseffektivitet inn I fremtiden 68 Boeing (65 direct buy + 3 leases) 8 Boeing Dreamliner 100 Boeing 737 MAX8 100 Airbus A320neo

29 Norwegian offers 359 scheduled routes to 121 destinations in 37 countries.