Annual Report 2019

FIVE-YEAR FINANCIAL & OPERATING HIGHLIGHTS (RM MILLION, UNLESS OTHERWISE STATED) 2015 2016 2017 2018 2019 INCOME STATEMENT Revenue 6,298 6,846 9,710 10,638 11,860 Net total expenses 4,702 4,780 7,549 9,419 11,136 Operating profit 1,596 2,066 2,161 1,219 725 Profit before taxation 215 1,705 2,088 1,335 -522 Taxation 326 -86 -516 360 238 Net profit 541 1,619 1,571 1,695 -283 BALANCE SHEET Deposits, cash and bank balances 2,427 1,742 1,882 3,327 2,588 Total assets 21,316 21,986 21,674 18,550 25,595 Net debt (total debt - total cash) -10,186 -8,838 -7,426 287 -2,159 Shareholders' equity 4,451 6,628 6,710 6,185 2,911 CASH FLOW STATEMENTS Cash flow from operating activities 2,204 2,167 2,154 353 2,081 Cash flow from investing activities -103 -642 -1,584 9,049 4,660 Cash flow from financing activities -1,303 -2,433 -478 -8,087 -7,584 Net Cash Flow 798 -908 91 1316 -842 FINANCIAL PERFORMANCE (%) Return on total assets 2.5 7.4 7.3 9.1 -1.1 Return on shareholders' equity 12.2 24.4 23.4 27.4 -9.7 R.O.C.E. (EBIT/(net debt + equity)) 10.9 13.4 17 30 34 Operating profit margin 25.3 30.2 22.3 11.5 6.1 Net profit margin 8.6 23.6 16.2 15.9 -2.4 OPERATING STATISTICS Passengers carried 24,254,506 26,410,922 39,092,972 44,437,381 51,559,070 Capacity 30,079,666 30,282,671 44,435,006 52,536,954 60,884,616 Load factor (%) 81 87 88 85 85 RPK (million) 30,006 34,676 50,805 55,962 63,382 ASK (million) 37,408 40,086 58,311 66,261 74,642 Aircraft utilisation (hours per day) 12.4 12.4 12.6 13.3 13.0 Average fare (RM) 157 167 176 173 178 Revenue per ASK (sen) 14.2 14.19 15.13 14.71 15.60 Cost per ASK (sen) 12.21 11.27 13.13 14.80 15.02 Cost per ASK - excluding fuel (USc) 6.86 7.22 8.29 8.90 9.39 Revenue per ASK (USc) 3.6 3.43 3.53 3.64 3.77 Cost per ASK (USc) 3.1 2.72 3.07 3.67 3.62 Cost per ASK - excluding fuel (USc) 1.74 1.74 1.94 2.20 2.27 Number of stages 167,002 166,983 246,162 290,461 335,399 Average stage length (km) 1,247 1,316 1,290 1,253 1,225 Size of fleet at year end (Group) 171 174 205 226 246 Number of employees at year end (Group) 6,636 7,615 12,404 18,122 21,059 Percentage revenue via internet (%) 70 72 70 76 75 RM-USD average exchange rate 3.94 4.14 4.28 4.04 4.14 72 MORE THAN JUST AN AIRLINE >