Annual Report 2020

(RM MILLION, UNLESS OTHERWISE STATED) 2016 2017 2018 2019 2020 INCOME STATEMENT Revenue 6,846 9,710 10,638 11,860 3,131 Net total expenses 4,780 7,549 9,419 11,136 8,553 Operating profit/(loss) 2,066 2,161 1,219 725 -5,422 Profit/(loss) before taxation 1,705 2,088 1,335 -522 -5,551 Taxation -86 -516 360 238 -337 Net profit/(loss) 1,619 1,571 1,695 -283 -5,888 BALANCE SHEET Deposits, cash and bank balances 1,742 1,882 3,327 2,588 533 Total assets 21,986 21,674 18,550 25,595 19,664 Net debt (Total debt - Total cash) -8,838 -7,426 287 -2,159 756 Total equity 6,628 6,710 6,185 2,911 -3,570 CASH FLOW STATEMENTS Cash flow from operating activities 2,167 2,154 353 2,081 -2,168 Cash flow from investing activities -642 -1,584 9,049 4,660 489 Cash flow from financing activities -2,433 -478 -8,087 -7,584 -412 Net Cash Flow -908 91 1,316 -842 -2,091 FINANCIAL PERFORMANCE (%) Return on total assets 7.4 7.3 9.1 -1.1 -29.94 Return on total equity 24.4 23.4 27.4 -9.7 N/A R.O.C.E. (EBIT/(Net Debt + Equity)) 13 17 30 34 N/A Operating profit margin 30.2 22.3 11.5 6.1 -173.2 Net profit margin 23.6 16.2 15.9 -2.4 -188.1 OPERATING STATISTICS Passengers carried 26,410,922 39,092,972 44,437,381 51,559,070 13,309,353 Capacity 30,282,671 44,435,006 52,536,954 60,884,616 17,941,988 Load factor (%) 87 88 85 85 74 RPK (million) 34,676 50,805 55,962 63,382 14,268 ASK (million) 40,086 58,311 66,261 74,642 19,121 Aircraft utilisation (hours per day) 12.4 12.6 13.3 13.0 9.6 Average fare (RM) 167 176 173 178 175 Revenue per ASK (sen) 14.19 15.13 14.71 15.60 16.37 Cost per ASK (sen)* 11.27 13.13 14.80 15.02 39.75 Cost per ASK - excluding fuel (sen)* 7.22 8.29 8.90 9.39 29.48 Revenue per ASK (USc) 3.43 3.53 3.64 3.77 3.58 Cost per ASK (USc)* 2.72 3.07 3.67 3.62 9.44 Cost per ASK - excluding fuel (USc)* 1.74 1.94 2.20 2.27 7.00 Number of stages 166,983 246,162 290,461 335,399 98,259 Average stage length (km) 1,316 1,290 1,253 1,225 1,070 Size of fleet at year end (Group) 174 205 226 246 247 Number of employees at year end (Group) 7,615 12,404 18,122 21,059 18,848 Percentage revenue via internet (%) 72 70 76 75 78 Average RM-USD exchange rate 4.14 4.28 4.04 4.14 4.21 * excluding one-off items FIVE-YEARFINANCIAL& OPERATINGHIGHLIGHTS 50 AIRASIA GROUP BERHAD