Microsoft PowerPoint 年中报路演材料_IFRS_EN-V3

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1 二零一五年半年报业绩 2015InterimResults 国际会计准则 UnderIFRS

2 Disclaimer FinancialdataincludedinthispresentationispreparedunderIFRS. Unlessotherwisespecified,theunitforcostandincomeisRMBmillion Regions or Regional inthispresentationmeanshongkong, MacauandTaiwan. TransportationrevenueinthispresentationincludesCo-operational routesincome. Thispresentationcontainsforward-lookingforecastandoutlook.These opinionswerebasedoncertainassumptions,whichweresubjectto change.theactualresultsmaydeviatemateriallyfromtheforecast. 2

3 IndustryCircumstances Favorable Factors Unfavorable Factors Chineseeconomicstructuredadjustment ismakingcontinuousprogress BoomingdemandfortourisminChina Ticketpriceceilingraisedincertain domesticroutes Domesticroutesalescommissionfee reduced Unevendevelopmentintheworld NegativeimpactofMERSvirusinSouth Koreanmarket Lessstrongdemandinbusinesstravel Intensifiedcompetitionwithinindustry Sluggishdemandincargo Internationaloilpricestayslow 3

4 ResultsOverview Data Overview 2015H1 2014H1 YoY Total turnover 46,627 44, % Operatingcost 40,901 43, % Operating profit 5,726 1, % Grossprofitmargin 12.3% 3.6% +8.7pt EBITDAR % Exchange loss % Net profit (attributable to shareholders of the Company) 3, ,583% CashFlowsfromoperatingactivities 10,420 5, % ATK (Million) 12,055 10, % Passengerloadfactor 80.4% 79.9% +0.5pt Daily utilization

OverallMarket CapacityBreakdown CapacityProportionbyMarket Cargo 35.7% Passenger 12,000 8,000 Regional 3.7% International 42.8% Regional 3.2% International 44.2% 64.3% 4,000 Domestic 53.

5 OverallMarket CapacityBreakdown CapacityProportionbyMarket Cargo 35.7% Passenger 12,000 8,000 Regional 3.7% International 42.8% Regional 3.2% International 44.2% 64.3% 4,000 Domestic 53.5% Domestic 52.6% RevenueBreakdown H1 2015H1 ChangeinMajorTransportationIndicators Cargo 7.7% 15% 10% 10.7% 10.3% 5% 2.3% Passenger 92.3% 0% -5% -10% -0.2pt -7.3% ATK LF RTK RRTK Revenue 5

6 Passenger CapacityBreakdown Regional 0.7 Trendofunitrevenueandloadfactor 80% International 29.8% 3.2% Domestic 67.0% % 76% 74% 72% 70% H1 2015H1 PLF RRPK RASK RevenueBreakdown ChangesofpassengerbusinessIndicators Regional 4.2% International 20% 15% 11.9% 12.6% 29.3% Domestic 10% 5% 0% 0.5pt 3.6% 66.5% -5% -10% -7.9% ASK PLF RPK RRPK Revenue 6

7 PassengerBreakdown DomesticYoY InternationalYoY RegionalYoY 25% 22.3% 22.8% 20% 15% 15.4% 10% 8.8% 9.5% 5% 0.6pt 0.3pt 2.2% 0% -5% -10% -5.1% -6.2% -0.9pt -0.4% -4.2% -8.9% -6.0% -15% ASK RPK PLF Revenue RRPK 7

8 PassengerRevenueHighlight YoY 60% +53.8% +57.1% 50% +43.3% 40% +35.9% 30% +23.8% 20% 10% +8.8pt 0% DirectSale DirectSaleProp Two-Party GroupClient Premium Passenger Premium Revenue Non-Flight Revenue 8

NetworkandMarketShare Top 10 Markets in Terms of Total Flight Shanghai Market Beijing Market Guangzhou Share of CEA 41.5% 19.3% 10.6% Chendu 13.6% Shenzhen Kunming 8.5% 40.

9 NetworkandMarketShare Top 10 Markets in Terms of Total Flight Shanghai Market Beijing Market Guangzhou Share of CEA 41.5% 19.3% 10.6% Chendu 13.6% Shenzhen Kunming 8.5% 40.8% London Frankfurt Rome Paris Urumqi Moscow Chengdu Xi an Taiyuan Beijing Nanjing Qingdao Hefei Shanghai Hangzhou NIngbo Wuhan Nanchang South Korea Japan Vancouver Toronto LosAngeles NewYork SanFrancisco Hawaii Xi an Chongqin 30.4% 9.6% Kunming Guang Zhou Shenzhen Taipei Hangzhou Xiamen 10.4% 11.0% Connecting eachother SoutheastAsia, SouthAsia, WestAsia Several destinationin SoutheastAsia Melbourne Sydney Auckland 9

10 OptimizationofFleet Fleet End of H1 In Out End of 2015H1 Passenger Aircraft B ER A330Series B737Series A320Series A B B Regional Freighters B A330Series B737Series A320Series 4majoraircraftmodelsaccountedfor 94.7%oftotalfleet Bettermatchedaircrafttypes,markets androutes Long-haulroutes tonorthamerica ToEurope,Australia andfortrunkroutes Medium-and short-haulroutes Reducedoperatingcostsand enhancedoperationalefficiency Total

11 Services&Experience In-flightfacilities Skykitchen Premiumclasses EntertainmentSystem SeatSelection Escortingoftravellers Self-servicecheck-in ServiceAPP 11

12 LCC Transformation-CUA Improved flight efficiency,higher passenger load factor and explosive growth in direct sales Operating 65 routes on two bases--nan Yuan in Beijing and FoShan in Newly Launched 4 different level of seat products are widely welcomed Guangzhou Simplified service to reduce cost and improve efficiency and further implement the LCC model by adding more seats of configuration Focus on building the new official website and APPs, establishing the e-business platform 12

13 CargoBusiness Capacity breakdown Regional 2.0 TrendofUnitRevenueandloadfactor 65% 3.3% Domestic 26.7% % % International 70.0% H1 2015H % FLF RFTK AFTK Revenues Breakdown Regional 5.8% Domestic 15.1% 10% ChangesofMainCargoBusinessIndicator 8.5% 5.3% 0% -1.7pt International 79.1% -10% -20% -11.0% -15.5% AFTK FLF RFTK RRFTK Revenue 13

14 RevenueChange +1,140-2,527 +2, ,627 44, H1 Domestic Passenger (Exclude Surcharge) Internationaland Regional Passenger (Exclude Surcharge) Passenger Fuel Surcharge Cargo Others(ExcludeCooperationalroutes income) 2015H1 14

15 MainCosts CostItems 2015H1 2014H1 YoY Prop Aircraftfuel 10,562 14, % 25.8% Take-offandlandingcharges 5,082 4, % 12.4% Depreciationand amortization 5,011 4, % 12.3% Wages,salariesandbenefits 7,576 6, % 18.5% Aircraftmaintenanceexpenses 1,896 2, % 4.6% Foodandbeverages 1,212 1, % 3.0% Aircraftoperatingleaserentals 2,200 2, % 5.4% Other operatingleaserentals % 0.8% Salesandmarketingexpenses 1,888 2, % 4.6% Civilaviationinfrastructurelevies % 2.1% GroundService andothercharges 2,794 2, % 6.8% Others 1,477 1, % 3.6% Total operating expenses 40,901 43, % 100.0% 15

16 OperatingProfit +4, , ,726-2,777 1, H1 Revenue (Exclude fuel Surcharge) Fuel Surcharge Fuel Takingoff andlanding charge Wage, Depreciation Aircraft salaries& & Maintenance benefit amortization Sales& Marketing Ground serviceand othercharges Others 2015H1 16

17 ChangeofCashFlow AssetsandLiabilitiesStructure StructureofInterest-bearingLiabilities AssetsStructureandCashFlow Cashandcash equivalentsat31 Dec2014 Cashandcash equivalentsat 30Jun,2015 Netcash inflowfrom operating activities Netcash outflows from investing activities Netcash inflowfrom Financing activities Exchange adjustment s 1,355-11, , Total liability 80.0% Equity 20.0% Interestbearing liability 73.1% other liability 26.9% Liabilityin other currency 81.3% Liabilityin RMB 18.7% Liabilityin USdollars 97.5% Liabilityin other currencies 2.5% 17

FutureProspects Opportunities Challenges BeltandRoad,YangtzeRiverEconomicBeltand Free-tradezonesreleasethepotentialofregional economicdevelopment Opening of ShanghaiDisneylandand co-operation

18 FutureProspects Opportunities Challenges BeltandRoad,YangtzeRiverEconomicBeltand Free-tradezonesreleasethepotentialofregional economicdevelopment Opening of ShanghaiDisneylandand co-operation betweenceaanddisneyland TransformationofE-Commercecompanyby innovativelytappingin-flightinternetbusiness model Internationaloilpricestays low Sustainableimpactbytheloosingrestraint on the domesticrouteticketprice IntroducingDeltaairlinesasstrategicinvestorand launchthenon-public offeringofashare Uncertaintiesofcrudeoilprice FluctuationrickofRMBexchangerateundernew formationmechanism HigherexpectationsforUSFederalraiseUSinterest rate In-flight Internet OpportunitieswithIn-flight Internet Addmoreinternettraffic Enhancepassengerstickiness Betteranalysiswithbigdata 18

19 CapacityDeploymentIn2015H2 Routes Expected Capacity Growth YOY Capacity Distribution Prop Overall % 100% Domestic +10% +52.0% International +20% +48.0% Regional -0.3% 0.0% 19

20 FleetPlanandCapex Fleet Plan End of 2015H1 2015H2 Plan 2016 Plan IN OUT IN OUT PassengerAircraft B ER A330Series B737Series A320Series A B767 6 B RegionalAircraft Freighters 10-1 Total Capex(Billion RMB)

21 StrategicInvestmentByDelta Equity Cooperation Business Cooperation 21

22 Non-publicofferingA share IssuePlan Content Issuevolume Not more than 2,329,192,546 A Share Issueprice Not less than RMB6.44 per A Share Financing scale Not more than RMB15 billion Latest advances Approved by SASAC, formal application accepted by CSRC on 1 July

23 Q&A Wechat APPWeibo IRTeam Tel : [email protected]

ÿ襙䜁㤀

ÿ襙䜁㤀 2008430 1 1 ANA 2 2 3 3 4 4 No.1 08-11 11 CSR 5 5 6 6 7 7 8 8 ALLEX 9 9 10 10 . 2007 216 ANA 2008 11 11 . 12 12 2008430 1 . Results for FY07 P.4-8 Consolidated Financial Summary Results by Segment Air