FY22 Full Year Results Presentation

Agenda

  • Group Operational Review
  • Financial Highlights
  • Outlook & Profit Forecast
  • Dividend

FY22 Financial Results Presentation

  • Group Operational Review
  • Financial Highlights
  • Outlook & Profit Forecast
  • Dividend

Group Operational Review

  • July 2021: Awarded contract to replace 2 King Air B350 for the NSWA Fixed-wing Air Ambulance Services Contract with 2 Pilatus PC-24 jets in FY24
  • July to Mid-Oct 2021: Temporary suspension of domestic jet operations and some regional NSW Saab operations, schedule reduction of regional Saab operations and staff stand downs due to the pandemic
  • Mid-Oct2021: Progressively reinstated domestic jet and regional Saab services
  • Nov 2021: Won 6 of 7 Queensland Regulated Air Services routes in competitive tender
    • Re-awarded5 regulated routes (Gulf, Northern 1 & 2 and Western 1 & 2)
    • Awarded Central 1 route (connecting Roma and Charleville with Brisbane) previously serviced by QantasLink
    • All 6 routes are for a period of 5 years from 1 January 2022

Group Operational Review

  • Nov 2021: Resumed Sydney - Port Macquarie and Sydney - Coffs Harbour flights
  • Dec 2021: Completed Brisbane leg of "Golden Triangle"
    • Launched Brisbane to Melbourne route on 17th December 2021
    • Launched Brisbane to Sydney route on 20th December 2021

Group Operational Review

  • Jan 2022: Pel-Air commenced NSW Ambulance Fixed-wing Air Ambulance Services Contract. Pel-Air is now one of Australia's biggest operator of fixed-wing air ambulance services
  • Jan 2022: Started Brisbane-Roma/Charleville under QLD Government Regulated Air Services
  • Jan & Feb 2022: AAPA welcomed 37 Vietnamese / Singapore cadets and the 26th cohort of Rex cadets
  • Feb 2022: Completed acquisition of Propeller and Propulsion Services from Airbus New Zealand. (name changed to Australian Aero Propeller Maintenance Pty Ltd (AAPM)

Group Operational Review

  • Feb 2022: Rex Airlines secured multimillion dollar grant under the $250m NSW Jobs Plus program: The grant will create jobs and help fund:
    • A Boeing Flight Simulator Centre at Rex's Sydney headquarters
    • New code C size aircraft hangar at Sydney Airport; and
    • Bigger capacity of Rex's call centre in Orange
  • Feb 2022: Re-awarded a 12-year Ambulance Victoria Fixed-wing Air Ambulance Services Contract to commence 1 January 2024
  • Feb 2022: Purchased one additional Saab 340 B plus aircraft to further expand regional network

Group Operational Review

  • May 2022: Signed LOI with Delta Air Lines to enter into a definitive commercial agreement which includes interline ticketing and baggage services to each other
  • May 2022: Signed LOI for the lease of an additional Boeing 737-800NG aircraft
  • May 2022: Rex announced the cessation of services between Albury to Melbourne and Sydney to Canberra which takes effect from 30 May 2022
  • May 2022: Rex announced the cessation of services to Bathurst, Grafton, Kangaroo Island and Lismore from 30 June 2022 and Ballina from 2 July 2022

Group Operational Review

  • Jun 2022: Rex announced commencement of services to Devonport from Melbourne in August 2022 which will end Qantas' 17-year monopoly of the route
  • Jun 2022: Rex announced cessation of services to Cooma from Sydney due to Qantas' predatory behaviour
  • Jun 2022: Signed multiple partnership agreements with major travel agency groups (including Flight Centre, Helloworld, Webjet, Consolidated Travel and Corporate Travel Management)

Group Operational Review

  • Jun 2022: Rex unveiled a 30% increase of its services to major regional centres for FY23:

Route

Weekly Returns

Weekly Returns

(June 2022)

(July 2022)

Sydney - Albury

25

29

Sydney - Broken Hill

12

18

Sydney - Coffs Harbour

20

30

Sydney - Dubbo

30

35

Sydney - Orange

19

24

Sydney - Griffith

21

32

Sydney - Merimbula/Moruya

18

25

Sydney - Port Macquarie

19

24

Sydney - Wagga Wagga

22

32

Melbourne - Mildura

20

25

Adelaide - Port Lincoln

40

41

Total

246

315

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

REX - Regional Express Holdings Limited published this content on 19 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2023 11:50:32 UTC.