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Reported Late Tuesday, GOL Announces 4Q22 Investor Update; Announces Preliminary Unaudited Q4 EPADS Of $(1.20); Passenger Unit Revenue For Q4 Is Expected To Be Up ~20% YoY

Reported Late Tuesday, GOL Announces 4Q22 Investor Update; Announces Preliminary Unaudited Q4 EPADS Of $(1.20); Passenger Unit Revenue For Q4 Is Expected To Be Up ~20% YoY

週二晚間報道，GOL宣佈第四季度投資者更新；宣佈第四季度初步未經審計的EPADS為1.20美元；第四季度的乘客單位收入預計將同比增長約20%
Benzinga Real-time News ·  2023/01/04 00:38

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) ("GOL" or "Company"), Brazil's largest airline, today provides an Investor Update on its expectations for the fourth quarter of 2022. The information below is preliminary and unaudited. The Company will discuss its 4Q22 results in a conference call on March 2, 2023.

GOL Linhas AéReas Inteligentes S.A.(紐約證券交易所代碼：GOL)(“GOL”或“公司”)，巴西最大的航空公司，今天提供了一個投資者動態對2022年第四季度的預期。以下信息是初步的，未經審計。該公司將在2023年3月2日的電話會議上討論其第四季度業績。

Overall Commentary
  • GOL expects a Loss Per Share (EPS) and Loss Per American Depositary Shares (EPADS) for 4Q22 of approximately R$2.31 and US$1.21, respectively.
  • EBITDA margin for the quarter is expected to be approximately 20%2.
  • Passenger unit revenue (PRASK) for the fourth quarter is expected to be up approximately 20% year over year, driven by the continued recovery in leisure travel demand combined with an increase in international travel. Smiles revenues increased by 64% when compared to same period of 2019 with a 21% growth in the customer base versus 4Q19. The total unit revenue (RASK) is expected to be up 23% year-over-year.
  • Non-fuel unit costs (CASK Ex-Fuel) are expected to decrease approximately 12% compared to the fourth quarter of the prior year, primarily due to an increase in ASKs and productivity (aircraft utilization and operating efficiency). Fuel unit costs (CASK Fuel) are expected to increase approximately 42% year over year, driven by an 45% increase in the average jet fuel price, partially offset by a reduction of approximately 2% in fuel consumption per flight hour due to the higher number of 737-MAXs in the fleet.
  • GOL's financial leverage, as measured by Net Debt3 / EBITDA2,4 ratio was approximately 10x at the end of December 2022 quarter (approximately 8x in IFRS-16). Total liquidity at quarter-end is expected to be at R$ 3.6 billion5.

總評
  • GOL預計22財年第四季度每股虧損(EPS)和每股美國存托股份虧損(EPADS)分別約為2.31雷亞爾和1.21美元。
  • 本季度的EBITDA利潤率預計約為20%2。
  • 在休閒旅行需求持續復甦和國際旅行增加的推動下，第四季度的客運單位收入(PRASK)預計將同比增長約20%。與2019年同期相比，微笑收入增長了64%，客户基礎與19年第四季度相比增長了21%。預計總單位收入(RASK)將同比增長23%。
  • 與去年第四季度相比，非燃料單位成本(不含燃料的木桶)預計將下降約12%，這主要是由於要求和生產率(飛機利用率和運營效率)的增加。燃料單位成本(桶燃料)預計將同比增長約42%，這是由於平均噴氣燃料價格上漲45%，但由於機隊中737-MAX的數量增加，每飛行小時的燃油消耗減少了約2%，這部分抵消了這一增長。
  • 截至2022年12月季度末，GOL的財務槓桿，以淨負債3/EBITDA2，4比率衡量，約為10倍(按IFRS-16約為8倍)。季度末的總流動資金預計為36億雷亞爾5。

Preliminary and Unaudited Projection




December Quarter 2022

EBITDA Margin2

~20%

EBIT Margin2

~ 11%

Other Revenue (cargo, loyalty, other)

~7% of total revenues

Average fuel price per liter

R$ 6.05

Average Exchange rate

R$ 5.26




December Quarter 2022 vs.
December Quarter 2021

Passenger unit revenue (PRASK)

Up ~20%

CASK Ex-fuel2

Down ~12%

Total Demand - RPK

Up ~27%

Total Capacity - ASK

Up ~31%

Total Capacity - Seats

Up ~28%

初步和未經審計的預測




2022年12月季度

息税前利潤2

~20%

息税前利潤2

~ 11%

其他收入(貨運、忠誠度、其他)

~總收入的7%

每昇平均燃油價格

R$ 6.05

平均匯率

R$ 5.26




2022年第12月季度與
2021年12月季度

客運量單位收入(PRASK)

上漲約20%

木桶不含燃料2

下跌約12%

總需求-RPK

上漲約27%

總容量-ASK

上漲約31%

總載客量-座位

上漲約28%

1. Excluding gains and losses on currency and Exchangeable Senior Notes.
2. Excluding non-recurring results of approximately $100 million.
3. Including 7x annual aircraft lease payments and excluding perpetual bonds.
4. Last twelve months.
5. Cash and cash equivalents, restricted cash, accounts receivable and deposits.

1.不包括貨幣及可交換優先票據的損益。
2.不包括大約1億美元的非經常性結果。
3.包括每年7倍的飛機租賃費，不包括永久債券。
4.過去12個月。
5.現金和現金等價物、限制性現金、應收賬款和存款。

GOL Investor Relations
ri@voegol.com.br
+55(11) 2128-4700

GOL投資者關係
郵箱：ri@voegol.com.br
+55(11) 2128-4700

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