Asg group for 1q y2013

Warsaw, 7 May 2012

PRESENTATION FOR SHAREHOLDERSPRESENTATION FOR SHAREHOLDERS

31 May, 2013

1

ASG Group’s Achievements in 1Q 2013

ASG Group’s Structure / Areas of Activity

ASG Group’s Financial Results in 1Q 2013

ASG Group’s Revenue, EBITDA, Net & Gross Profits

Sales / Gross Profit Breakdown by Business Segments

Consolidated Balance Sheets

ASG Group’s Cash Flows and CAPEX

ASG Group’s Employees

ASG Share Price & Performance

ASG Shareholders

Content

ASG Group Achievements in 1Q 2013

Financial Parameters: Increase in consolidated revenue from

continuing operations by 16 % (1Q 2013 vs 1Q 2012) up to LTL 123 million;

Over LTL 20 million of net profit attributable to equity holders.

Realization of Strategic Projects: On 29 March 2013, Avia Solutions Group

AB sold 95.5 % of the share capital of Small Planet Airlines UAB (Lithuania) and Small Planet Airlines Sp.z.o.o. (Poland) to the management of these companies Mr. Vytautas Kaikaris (65.5%) and Mr. Andrius Staniulis (30%).

2

ASG Group’s Structure / Areas of Activity

3

MRO segmentGH & FuellingSegment

CharterOperationsSegment(discontinued operations)

TrainingSegment

ASG Group’s Structure: by companies

3

•Small Planet Airlines s.r.l. (35.5%)•Small Planet Airlines UAB (sold on

29 March 2013)•Small Planet Airlines Sp.z.o.o. (sold on

29 March 2013)

•Baltic Aviation Academy UAB (100%)•AviationCV.com UAB (100%)

•Baltic Ground Services UAB (100%)•Baltic Ground Services Sp.z.o.o (100%)

•Baltic Ground Services s.r.l. (100%)•Baltic Ground Services TOV UA

(100%)•Ground Handling CIS UAB (100%)

• FL Technics AB (LT, 100%) •FL Technics Jets UAB (LT, 100%)•Locatory.com UAB (LT, 95%)•FL Technics Line OOO (RU, 93%)•Storm Aviation Ltd. (UK, 100%)•Storm Aviation Cyprus Ltd. (CY, 100%)•FL Technics Ulyanovsk OOO (RU, 99%)•FLT Trading House UAB (LT, 100%)

MRO SEGMENT (8 companies)

GH & FuellingSegment(5 companies)

Charter Operations Segment(discontinued operations)

TrainingSegment

(2 companies)

5

ASG Group’s Financial Results in 1Q 2013

1Q 2013 1Q 2012Change

(1Qy13 vs 1Qy12)

LTL thousands (except margins & EPS & numbers of shares)

122 678 106 133 +15.6% Revenue from continuing operations16 042 14 183 +13.1% Gross profit from continuing operations13.1% 13.4% -0.3 pp Gross profit margin (%) 9 353 9 695 -3.5% EBITDA from continuing operations7.6% 9.1% -1.5 pp EBITDA margin (%)6 057 7 010 -13.6% Operating profit from continuing operations4.9% 6.6% -1.7 pp Operating profit margin (%) 5 605 6 771 -17.2% Profit before income tax from continuing operations5 088 5 795 -12.2% Net profit for the period from continuing operations

14 808 (1 976) - Net profit for the period from discontinued operations19 896 3 819 +421% Net profit for the period16.2% 3.6% +12.6 pp Net profit margin (%)

20 135 3 940 +411% Net profit attributable to equity holders16.4% 3.7% +12.7 pp Net profit attributable to equity holders margin (%)3.417 0.669 +411% EPS (LTL) from continuing operations5 590 6 752 -17.2% CAPEX (additions of PPE and intangible assets)9 754 15 432 -36.8% Net cash at the end of period5 893 5 893 - Weighted average number of ordinary shares (thousand)

Over LTL 20 million of net profit attributable to equity holders, primarily due to successful disposal of Charter operations business segment (total gain on disposal in Group’s financial statements is LTL 20.0 million).

ASG Group’s Revenue, EBITDA, Net & Gross Profits – 1*

6

* - from continuing operations

13.8%

17.2%

25.9%

4.9%

7.6%

11.9%

Net Profit Profitability

Increase in consolidated revenue by 84 % (2012 vs 2011) due to record-high ground handling and fuelling sales (by 108%), rapid growth in spare parts and consumable services (by 136%), line maintenance services (by 169%) and expansion of engine management (by 206%).

147

291

536

38

50

74

30

35

43

18

22

26

0 100 200 300 400 500 600

2010

2011

2012

Revenue (mln LTL)

Net profit (mln LTL)EBITDA (mln LTL)

Gross profit profit (mln LTL)

+98% Y11 vs Y10

Gross Profit Profitability

+84 % Y12 vs Y11


7

* - from continuing operations

4.1%

Net Profit Profitability

50

69

74

98

106

140

153

137

123

8

7

4

3

6

10

10

0.1

5

0 40 80 120 160

2011 Q1

2011 Q2

2011 Q3

2011 Q4

2012 Q1

2012 Q2

2012 Q3

2012 Q4

2013 Q1

Revenue (mln LTL)Net profit (mln LTL)

+16% 1QY13 vs 1QY12


8* - from continuing operations

33

38

35

56

63

79

72

76

75

11

25

34

35

35

54

75

54

42

6

6

5

7

8

7

6

7

6

2011 Q1

2011 Q2

2011 Q3

2011 Q4

2012 Q1

2012 Q2

2012 Q3

2012 Q4

2013 Q1

MRO segmentGH & Fuelling SegmentTraining Segment

Group’s revenue is influenced by seasonal movements on both summer and winter periods: the highest growth comes in summer-season (June-September) from aircraft ground handling and fuelling segment, and in the winter-season (October-April) increase of sales is recorded in aircraft maintenance, repair and overhaul (MRO) and crew training segment.

9

Consolidated Income Statements (quarterly)

9

* Segments’ share in Sales and Gross Profit calculated based on total Sale/ Gross Profit value (excluding intercompany transactions)

Sales / Gross Profit Breakdown by Business Segments – 1 Consistent Growth in Business Segments’ Revenue (mln LTL)

Business Segment’s Gross Profitability – Mix Change (mln LTL)

162

105 24

290

218

28 -

100

200

300

MRO segment GH & Fuelling Segment Training Segment

2010

2011

2012

40

38

57

9 8

0

20

40

60

10

Consolidated Income Statements (quarterly)

10

* Segments’ share in Sales and Gross Profit calculated based on total Sale/ Gross Profit value (excluding intercompany transactions)

Sales / Gross Profit Breakdown by Business Segments – 2 Consistent Growth in Business Segments’ Revenue – Mix Change (mln LTL)

Business Segment’s Gross Profitability – Mix Change (mln LTL)

73

44

6 -

25

50

75

MRO segment GH & Fuelling Segment Training Segment

2012 1Q

2013 1Q

14

2 1

-

5

10

15

11

Consolidated Balance Sheets – 1

Net debt = Borrowings – Cash and cash equivalents Return on equity (ROE) = Net profit for the period / Total equity Return on assets (ROA) = Net profit for the period / Total assets Equity ratio = Total equity / Total assets Gearing ratio = Net debt / (Net debt + Total equity)

* - Total assets, not included assets of disposal group classified as held for sale on 31 December 2012

31-03-2013 31-12-2012

31-03-2013 vs 31-12-

2012LTL thousand

31-12-2011287 384 270 158* +6% Total assets 243 167

9 754 8 913 +9.4% Cash and cash equivalents 17 781113 001 97 313 +16.1% Trade receivables 61 174134 733 113 595 +18.6% Total equity 96 353

74 537 73 741 +1.1% Borrowings 53 13664 783 64 828 -0.1% Net debt 35 355

1.62 1.72 +10 pp Liquidity risk 1.4946.9% 38.0% +8.9 pp Equity ratio, % 39.6%32.5% 36.3% -3.8 pp Gearing ratio, % 26.8%

12


43%

25%

23% 3% 3%

3%

Trade and other receivables

Inventories

Property, plant and equipment

Cash and cash equivalents

Deferred income tax assets

Intangible assets

31-03-2013 31-12-2012

31-03-2013 vs 31-12-

2012LTL thousand

31-12-2011

287 384 270 158* +6% Total assets 243 1679 754 8 913 +9.4% Cash and cash equivalents 17 781

113 001 97 313 +16.1% Trade receivables 61 174134 733 113 595 +18.6% Total equity 96 35374 537 73 741 +1.1% Borrowings 53 13664 783 64 828 -0.1% Net debt 35 355



13


60%

18%

16%6%

Aircraft maintenance, repair andoverhaul (MRO)

Aircraft ground handling and fuelling

Unallocated

Pilot and crew training

31-03-2013 31-12-2012

31-03-2013 vs 31-12-

2012LTL thousand

31-12-2011287 384 270 158* +6% Total assets 243 167

9 754 8 913 +9.4% Cash and cash equivalents 17 781113 001 97 313 +16.1% Trade receivables 61 174

134 733 113 595 +18.6% Total equity 96 35374 537 73 741 +1.1% Borrowings 53 13664 783 64 828 -0.1% Net debt 35 355



14


31-03-2013 31-12-2012

31-03-2013 vs 31-12-

2012LTL thousand

31-12-2011287 384 270 158* +6% Total assets 243 167




85%

15% 0%

0%

0%

Bank borrowings

Finance lease liabilities

Financial guarantees

Borrowings from other relatedpartiesOther borrowings


15


31-03-2013 31-12-2012

31-03-2013 vs 31-12-

2012LTL thousand

31-12-2011287 384 270 158* +6% Total assets 243 167




66%

29%

5%Aircraft maintenance, repair andoverhaul (MRO)

Aircraft ground handling and fuelling

Pilot and crew training


16

ASG Group’s Cash Flows & CAPEX

Net cash at the end of period (LTL million)*

Capital Expenditure (CAPEX, LTL million)

32

7

32

6-

5

10

15

20

25

30

35

Y 2011 Q1 2012 Y 2012 Q1 2013

* - Bank overdrafts are subtracted from net cash and cash equivalents at the end of period

1513

15 15

9 10

-

5

10

15

20

31-12-2011 31-03-2012 30-06-2012 30-09-2012 31-12-2012 31-03-2012

17

ASG Group’s Employees

Number of full-time employees at the end of period

579

711

865

856

919

939

929

951

972

0 100 200 300 400 500 600 700 800 900 1000

31-03-2011

30-06-2011

30-09-2011

31-12-2011

31-03-2012

30-06-2012

30-09-2012

31-12-2012

31-03-2013

60%

30%

7%

3%

MROGHTrainingUnallocated

Breakdown of the Group’s employees by business segments (31-03-2013)

18

ASG vs WIG (from 03-03-2011 till 31-05-2013)

03-03-2011: 53.30High: 74.90Low: 23.8531-05-2013: 68.00

Prices in PLN

ASG Share Price & Performance

19

Distribution of ASG Shareholders as at 31 May 2013:

ASG Shareholders

On 3 March 2011 shares of the Avia Solutions Group AB were introduced to trading at Warsaw Stock Exchange (code: AVIASG).

The authorised capital of the Company is divided into 5 893 333 ordinary shares with a par value of LTL 1 each.

Part of shares and votes Amount of shares and votes Amount of shares and votes 31-03-2013 31-12-2012 31-03-2013 31-12-2012 31-12-2011 31-12-2011

32.91% 32.91% 1,939,275 1,939,275 ZIA Valda Cyprus Ltd. 32.91% 1,939,275 21.94% 21.94% 1,292,850 1,292,850 Indeco: Investment and Development UAB 21.94% 1,292,850 10.33% 10.33% 609,051 609,051 Harberin Enterprises Limited 10.33% 609,051

6.62% 6.62% 390,000 390,000 ING Otwarty Fundusz Emerytalny 6.62% 390,000 28.20% 28.20% 1,662,157 1,662,157 Other 28.20% 1,662,157

100% 100% 5,893,333 5,893,333 Total 100% 5,893,333

32.91%

21.94%10.33%6.62%

28.20%

ZIA Valda Cyprus Ltd.

Indeco: Investment and Development UAB

Harberin Enterprises Limited

ING Otwarty Fundusz Emerytalny

Other

Thank You For Your Attention

www.AviaSG.com/InvestorRelations

Documents

Asg group for 1q y2013