PRESENTATION FOR SHAREHOLDERS - AviaSG · ASG Group Development in Q1 2017 Financial Parameters: 2 Increase in consolidated revenue from continuing operations by EUR 24 million, by

PRESENTATION FOR SHAREHOLDERS CONSOLIDATED FINANCIAL INFORMATION FOR Q1 2017

15 May, 2017

ASG Group’s Development in Q1 2017

ASG Group’s Structure / Areas of Activity

ASG Group’s Financial Results in Q1 2017

ASG Group’s Revenue, Net Profit

Sales / Operating Profit Breakdown by Business Segments

Consolidated Balance Sheet

ASG Group’s CAPEX

ASG Group’s Employees

ASG Share Price & Performance

ASG Shareholders

Content

1

ASG Group Development in Q1 2017

Financial Parameters:

2

Increase in consolidated revenue from continuing operations by EUR 24 million, by 41% (Q1 2017 vs Q1 2016) primarily due to: significantly increased revenue from aircraft fuel sales; sustainable growth increase in demand for spare parts and consumables, engineering, base

maintenance services; significant growth increase in demand for helicopter MRO services; development of tour operator services;

EBITDA in Q1 2017 amounted to EUR 1 393 thousand;

The Group increased its revenue of MRO services in Asia region.

3







ASG Group’s CAPEX



ASG Shareholders


MRO Segment (14 companies)

GH & Fuelling Segment (7 companies)

Training Segment (2 companies)

Private Jet Charter, Flight and Tour Operations

(5 companies)

FL Technics UAB (100%) Jet Maintenance Solutions UAB (100%)

Locatory.com UAB (95%) FLT Trading House UAB (100%)

FL Technics Line OOO (93%) FL Technics Ulyanovsk OOO (99%)

Storm Aviation Ltd. (100%) Storm Aviation Cyprus Ltd. (100%) Storm Aviation Nigeria Ltd. (100%)

Storm Aviation Germany GmbH (100%)* Helisota UAB (100%)

Kauno aviacijos gamykla UAB (100%) FL Technics Asia Co. Ltd. (99.997%)

Avia Technics Dirgantara PT. (25%)**

BAA Training UAB (100%) AviationCV.com UAB (100%)

Baltic Ground Services UAB (100%) Baltic Ground Services Sp.z.o.o (100%) Baltic Ground Services TOV UA (50%)

Baltic Ground Services RU OOO (100%) Baltic Ground Services EE OU (100%) Baltic Ground Services LV SIA (51%)

Baltic Ground Services CZ s.r.o. (100%)

KlasJet UAB (100%) Laserpas UAB (90%)

KIDY Tour UAB (100%) KIDY Tour OÜ (100%)

KIDY Tour OOO (100%)***

* - the Company was established on 29 March 2017 ** - the Group holds control over an investee *** - the Company was established on 6 March 2017

4

5







ASG Group’s CAPEX



ASG Shareholders


6

EUR thousands (except margins & EPS & numbers of shares) 2017 Q1 2016 Q1 Change (2017 Q1

vs 2016 Q1)

Revenue 81 062 57 467 +41%

EBITDA 1 393 2 692 -48%

EBITDA margin (%) 1.72% 4.68% -2.96

Operating profit (46) 1 293 -104%

Operating profit margin (%) -0.06% 2.25% -2.31

Profit before income tax (615) 714 -186%

Net profit for the period (605) 559 -208%

Net profit for the period margin (%) -0.75% 0.97% -1.72

Net profit attributable to equity holders (372) 691 -154%

Net profit attributable to equity holders margin (%) -0.46% 1.20% -1.66

EPS (EUR) (0.048) 0.089 -154%

CAPEX (additions of PPE and intangible assets) 1 132 1 166 -3%

Cash at the end of period 5 298 5 021 +6%

Weighted average number of ordinary shares (thousand) 7 778 7 778 -







ASG Group’s CAPEX



ASG Shareholders

7

Increase by 41% in Group’s revenue from continuing operations (2017 1Q vs 2016 1Q).

ASG Group’s Revenue

8

35

40

42

43

39

50

50

45

45

59

59

66

57

78

89

82

81

1Q 2013

2Q 2013

3Q 2013

4Q 2013

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

2Q 2015

3Q 2015

4Q 2015

1Q 2016

2Q 2016

3Q 2016

4Q 2016

1Q 2017

9





Sales/Operating Profit Breakdown by Business Segments


ASG Group’s CAPEX



ASG Shareholders

ASG Group’s Revenue by Business Segments

10

* - Group’s revenue from continuing operations

Group’s revenue breakdown in 1Q 2017 by business segment was 42% MRO / 49% GH & Fuelling / 5% Training / 4% Business charter.

21

22

21

28

25

29

25

27

25

31

24

40

34

37

34

38

34

12

15

19

13

12

18

23

15

17

25

30

22

19

35

48

38

40

2

3

2

2

2

3

2

2

2

2

2

3

3

3

3

3

4

1

1

1

2

1

1

2

4

3

3

1Q 2013

2Q 2013

3Q 2013

4Q 2013

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

2Q 2015

3Q 2015

4Q 2015

1Q 2016

2Q 2016

3Q 2016

4Q 2016

1Q 2017

MRO segment

GH & Fuelling segment

Crew training and staffing segment

Private jet charter, flight and touroperations segment

Sales / Operating Profit Breakdown by Business Segments, 1Q 2017

11

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

Business Segments’ Revenue to external

customers (EUR million)

Business Segment’s Operating Profitability

(EUR million)

Tendencies of Business Segment’s

Operating Profitability (percent)

25

17

2 1

34

19

3 1

34

40

4 3

-

10

20

30

40

MRO segment GH & Fuelling segment Crew training and staffingsegment

Private jet charter andflights operations segment

1Q 2015

1Q 2016

1Q 2017

0,6 0,4 0,3

1,2

0,4 0,2 0,5 0,1 0,2

2%

3%

1%

3% 2%

0% 13%

7% 6%

+111% 2017 1Q

vs 2016 1Q

Operating Data by Business Segments, 1Q 2017

12

1Q 2017 1Q 2016 Change, %

Number of SOLD man-hours (base maintenance) 127 201 126 429 +1%

Number of SOLD man-hours (engineering) 16 888 12 604 +34%

Number of SOLD man-hours (maintenance training)

2 552 2 110 +21%

Number of line stations (at the end of the period)

29 23 +6

Number of aircrafts served 2 991 2 464 +21%

Number of passengers served 520 365 398 952 +30%

Volume of fuel sold (tonnes) 60 185 38 970 +54%

TRTO - Number of sold theoretical training hours 4 782 2 753 +74%

TRTO - Number of sold practical training (FFS) hours

6 113 5 703 +7%







ASG Group’s CAPEX



ASG Shareholders

13

Net debt = Borrowings – Cash and cash equivalents

Equity ratio = Total equity / Total assets

Gearing ratio = Net debt / (Net debt + Total equity)

Consolidated Balance Sheet (1)

31-03-2017 31-12-2016 31-03-2017 vs

31-12-2016 EUR thousand

154 132 145 705 +6% Total assets

5 298 4 732 +12% Cash and cash equivalents

70 980 66 694 +6% Trade receivables

58 587 59 260 -1% Total equity

33 631 31 632 +6% Borrowings

28 333 26 900 +5% Net debt

1.2 1.2 - Liquidity risk

38% 41% -3 p.p. Equity ratio, %

33% 31% +2 p.p. Gearing ratio, %

14


15

31-03-2017 31-12-2016 31-03-2017 vs


154 132 145 705 +6% Total assets 5 298 4 732 +12% Cash and cash equivalents


58 587 59 260 -1% Total equity

33 631 31 632 +6% Borrowings

28 333 26 900 +5% Net debt




19%

4% 4%

46%

19% 4%

4% Property, plant and equipment

Intangible assets

Deferred income tax assets

Trade and other receivables

Inventories

Amount due from customers for contract work

Prepaid income tax

Cash and cash equivalents


16

31-03-2017 31-12-2016 31-03-2017 vs


154 132 145 705 +6% Total assets



58 587 59 260 -1% Total equity

33 631 31 632 +6% Borrowings 28 333 26 900 +5% Net debt




17% 6%

58%

18%

Bank borrowings

Borrowings from other related parties

Bank overdraft

Finance lease liabilities

Other borrowings


17

31-03-2017 31-12-2016 31-03-2017 vs


154 132 145 705 +6% Total assets



58 587 59 260 -1% Total equity

33 631 31 632 +6% Borrowings 28 333 26 900 +5% Net debt




67%

31%

2%

Aircraft and Helicopter Maintenance, Repair andOverhaul (MRO)

Aircraft Ground Handling and Fuelling

Crew Training and Staffing


18

31-03-2017 31-12-2016 31-03-2017 vs


154 132 145 705 +6% Total assets



58 587 59 260 -1% Total equity 33 631 31 632 +6% Borrowings 28 333 26 900 +5% Net debt




4%

54% -1%

40%

-1%

Share capital

Share premium

Legal reserve

Merger reserve

Fair value reserve

Cumulative translations differences

Retained earnings

Non-controlling interests







ASG Group’s CAPEX



ASG Shareholders

19

ASG Group’s CAPEX

Capital Expenditure (CAPEX, EUR million)

20

1,6 2,0

3,0

5,8

1,3 1,4

0,8 1,3 1,3

3,3

4,2

0,6 1,2

1,0

3,0 2,7

1,1

-

1,0

2,0

3,0

4,0

5,0

6,0

1Q

2013

2Q

2013

3Q

2013

4Q

2013

1Q

2014

2Q

2014

3Q

2014

4Q

2014

1Q

2015

2Q

2015

3Q

2015

4Q

2015

1Q

2016

2Q

2016

3Q

2016

4Q

2016

1Q

2017







ASG Group’s CAPEX



ASG Shareholders

21


Number of full-time employees at the end of period Breakdown of the Group’s employees by business segments (31-03-2017)

22

63%

25%

7% 2%

3%

MRO

GH

Training

Private Jet Charter,Flight and Tour

Unallocated

972

1022

1051

1342

1342

1437

1499

1534

1595

1631

1667

1674

1712

1795

1874

1954

2033

31-03-2013

30-06-2013

30-09-2013

31-12-2013

31-03-2014

30-06-2014

30-09-2014

31-12-2014

31-03-2015

30-06-2015

30-09-2015

31-12-2015

31-03-2016

30-06-2016

30-09-2016

31-12-2016

31-03-2017

23







ASG Group’s CAPEX



ASG Shareholders


ASG (from 02-01-2017 till 12-05-2017)

02-01-2017: 23.92

High: 27.18

Low: 18.36

12-05-2017: 20.42

Prices in PLN

24

25







ASG Group’s CAPEX



ASG Shareholders

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 7 777 777 ordinary shares with a par value of EUR 0.29 each.

1 Part of shares and votes

Amount of shares and votes

15-05-2017 31-12-2016 15-05-2017 31-12-2016

29.44% 29.44% ZIA Valda Cyprus Ltd. 2 290 045 2 290 045

10.71% 10.71% Indeco: Investment and Development UAB 832 666 832 666

9.39% 10.10% VGE Investments Limited 730 216 785 216

8.99% 8.99% Mesotania Holdings Ltd. 699 115 699 115

7.57% 7.78% Harberin Enterprises Limited 589 082 605 227

5.39% 5.01% Nationale-Nederlanden Otwarty Fundusz Emerytalny 419 000 390 000

28.51% 27.97% Other 2 217 653 2 175 508

100.00% 100.00% Total 7 777 777 7 777 777

Shareholders, holding more than 5 per cent of the share capital and votes, as on 15 May 2017:

26

29%

11% 9%

9%

8%

5%

29%

ZIA Valda Cyprus Ltd.

Indeco: Investment and Development UAB

VGE Investments Limited

Mesotania Holdings Ltd.

Harberin Enterprises Limited

Nationale-Nederlanden Otwarty Fundusz Emerytalny

Other

Thank You For Your Attention

www.AviaSG.com/InvestorRelations

http://www.aviasg.com/en/InvestorRelations

Documents

PRESENTATION FOR SHAREHOLDERS - AviaSG · ASG Group Development in Q1 2017 Financial Parameters: 2 Increase in consolidated revenue from continuing operations by EUR 24 million, by