AirAsia X Berhad Third Quarter 2013 Analysts Presentation

Disclaimer

Information contained in our presentation is intended solely for your reference. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. Neither we nor our advisors make any representation regarding, and assumes no responsibility or liability for, the accuracy or completeness of, any errors or omissions in, any information contained herein.  In addition, the information may contain projections and forward-looking statements that reflect the company’s current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risk factors and which may change over time. No assurance can be given that future events will occur, that projections will be achieved, or that the company’s assumptions are correct. Actual results may differ materially from those projected.  This presentation can be distributed without any consent of the Company as this is a publicly available announcement.

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1 3Q13 Key Financial Highlights

3

3Q13 – Key Highlights 3-month ended 30 September 2013

Network Consolidation

ASK Capacity Number of Routes Average Weekly Frequency

0

5

10

15

20

3Q2012 3Q2013

17

13

0

2

4

6

8

3Q2012 3Q2013

6.8

6.0

0

2,000

4,000

6,000

3Q2012 3Q2013

(MM)

3,895

5,137

4

3Q13 – Key Highlights 3-month ended 30 September 2013

Topline Growth

Revenue

(RM MM)

RASK

(sen)

Ancillary Revenue per Passenger

0

200

400

600

800

3Q2012 3Q2013

486.6

601.5

0

5

10

15

3Q2012 3Q2013

12.2 12.0

-1.6%

0

60

120

180

3Q2012 3Q2013

139.2 144.3

+3.7%

(RM)

5

3Q13 – Key Highlights 3-month ended 30 September 2013

(%)

Improved Margins

EBITDAR margin

(%)

Operating Profit margin Net Operating Profit margin

(%)

0

5

10

15

20

3Q2012 3Q2013

16.1 17.4

0

2

4

6

3Q2012 3Q2013

2.8

4.1

0

0.2

0.4

0.6

0.8

1

3Q2012 3Q2013

0.2

0.8

6

3Q13 – Key Highlights 3-month ended 30 September 2013

Revenue, EBITDAR Margin, ASK Breakdown by Region

Revenue (RM MM)

ASK Capacity (MM)

EBITDAR Margin (%)

0

100

200

300

400

Australia North Asia Others

3Q2012 3Q2013

0

10

20

30

40

50

Australia North Asia Others

3Q2012 3Q2013

0

1000

2000

3000

4000

Australia North Asia Others

3Q2012 3Q2013

+18.2%

+35.1%

+16.5% -2.7ppt

+2.0ppt

unchanged

+30.6% +38.0%

+3.3%

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181 214 232

313

64 75 10 7

17 19

42 42

1608 2100 1949

2689

337 348

2 YTD13 Key Financial Highlights Cumulative period ended 30 September 2013  

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YTD13 – Key Highlights 9-month ended 30 September 2013

Network Consolidation

Number of Routes Average Weekly Frequency ASK Capacity

0

5

10

15

20

25

9M2012 9M2013

17

-5.6%

0

2

4

6

8

9M2012 9M2013

5.2

6.0 +15.4%

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

9M2012 9M2013

12,196

13,296

+9.0%

18

(MM)

9

YTD13 – Key Highlights 9-month ended 30 September 2013

Topline Growth

Revenue

(RM MM)

RASK

(sen)

Ancillary Revenue per Passenger

0

500

1,000

1,500

2,000

9M2012 9M2013

1,428.5

1,627.9 +14.0%

0

5

10

15

9M2012 9M2013

11.5 12.4

+7.3%

0

50

100

150

200

9M2012 9M2013

133.9 145.3

+8.5%

(RM)

10

YTD13 – Key Highlights 9-month ended 30 September 2013

Improved Margins

(%)

EBITDAR margin Operating Profit/(Loss) margin

(%)

Net Operating Profit/(Loss) margin

(%)

0

5

10

15

20

9M2012 9M2013

14.2

17.7

0

2

4

6

9M2012 9M2013

0.6

4.4

(4)

(2)

0

2

4

9M2012 9M2013

(2.0)

1.3

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YTD13 – Key Highlights 9-month ended 30 September 2013

Revenue, EBITDAR Margin, ASK Breakdown by Region

Revenue (RM MM)

ASK Capacity (MM)

EBITDAR Margin (%)

0

200

400

600

800

1000

Australia North Asia Others

9M2012

9M2013

0

10

20

30

40

Australia North Asia Others

9M2012 9M2013

0

2000

4000

6000

8000

Australia North Asia Others

9M2012 9M2013

+21.9% +32.5%

+62.6%

-4.5ppt unchanged

unchanged

+27.1% +28.9%

-63.5%

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513 625 623

826

109 177

18 14

17 17

37 37

4309 5477 5350

6895

2537

925

Strategy

Cement Market Leadership

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Estimate Average Weekly Frequencies

by Year End (Weekly)

Frequencies by Year End

(weekly)

Expected Market Share by Year End (%)

AAX’s Market Position Based on Frequencies by

Foreign Airlines

Gold Coast 5.4 7 57 1st

Sydney 10.1 14 51 1st

Perth 9.2 14 63 1st

Melbourne 11.2 14 38 2nd

Adelaide 4.6 5 49 2nd

Hangzhou 5.8 7 100 1st

Chengdu 6.3 7 100 1st

Beijing 6.9 7 40 2nd

Shanghai 6.8 7 30 2nd

Taipei 11.9 14 43 1st

Kathmandu 4.7 7 42 1st

Haneda 7.0 7 36 2nd

Osaka 4.5 7 57 1st

Seoul 7.0 7 35 1st

Busan 4.0 4 100 1st

Jeddah 3.2 4 19 3rd

Colombo/Male 4.0 4 23 3rd

4Q13 Outlook

§  Fuel Hedging Strategy – Average of 29% at an average of USD123.13/bbl

§  Fleet Size – Total 18 (16 A330-300 + 2 A340-300)

§  New and Existing Routes – Total 18 routes §  Update on Hubs – Thai AirAsia X to start operations by 1Q14

- Bali, Indonesia submitted application for AOL

§  Ancillary Income – Remains flat with an average of RM144 per passenger

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