SÃO PAULO,
Oct. 27,
2022 /PRNewswire/ -- GOL Linhas
Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ("GOL"
or "Company"), Brazil's
largest domestic airline, provides an Investor Update.
All information is presented in Brazilian Reais (R$). The
information below is preliminary and unaudited.
GOL is updating its financial forecasts in light of higher jet
fuel prices, the results obtained for
the first nine months of the year, the current
level of tickets
sales, and expectations on seat availability.
The Company is focused on its fleet transformation and expects
that by the end of the year, 44
737- MAX aircraft will be in operation, representing around 30% of the total fleet.
The new and more efficient Boeing MAX play an
important role in GOL's strategy in the coming years, contributing
to deliver enhanced productivity, reduced unit
costs, and lower carbon emissions.
To help investors and analysts understand how GOL addresses its
near-term planning, the Company shares the following
indicators:
Financial Outlook
|
2022E
Previous
|
2022E
Updated
|
Total fleet (average)
|
132 –
138
|
135 - 140
|
Total operational fleet
(average)
|
101 –
104
|
100 - 102
|
ASKs, System (% change yoy)
|
55 – 65%
|
50 - 55%
|
Seats, System (% change)
|
55 – 65%
|
50 - 55%
|
Departures, System (% change)
|
55 – 65%
|
50 - 55%
|
Average load factor (%)
|
~80%
|
~81%
|
Ancillary revenues. net1 (R$bn)
|
~1.0
|
~1.1
|
Total net revenues (R$bn)
|
~15.4
|
~15.4
|
Non-fuel
CASK2 (US$ cents)
|
~3.5
|
~3.7
|
Fuel liters consumed (mm)
|
~1,150
|
~1,110
|
Gross Global
Scope 1
emissions (thousand ton CO2)
|
~2,950
|
~2,800
|
Total Fuel Consumed (1,000 liters/RPK)
|
~33.7
|
~33.7
|
GHG Emissions/Flight Hour (t CO2)
|
~8.4
|
~8.4
|
Fuel price (R$/liter)
|
~5.7
|
~5.9
|
EBITDA margin²
(%)
|
~20%
|
~19%
|
EBIT margin² (%)
|
~8%
|
~7%
|
Net financial expense3 (R$bn)
|
~1.8
|
~1.9
|
Pre-tax
margin3 (%)
|
~0%
|
~0%
|
Effective income tax rate (%)
|
~0%
|
~0%
|
Capex,
net4 (R$mm)
|
~700
|
~650
|
MAX Aircraft Acquisitions (R$mm)
|
~1,000
|
~900
|
Aircraft Debt (7x Annual Acft
Lease Payments) (US$bn)
|
~3.2
|
~3.2
|
Financial Debt (US$bn)
|
~2.0
|
~2.2
|
Net Debt5 / EBITDA2 (x)
|
~8x
|
~9x
|
Fully-diluted shares
out6 (mm)
|
~435
|
~435
|
EPS, fully
diluted (R$)
|
~NA
|
~0
|
Fully-diluted ADS out.6 (mm)
|
~217.5
|
~217.5
|
EPADS, fully diluted (US$)
|
~NA
|
~0
|
(1) Cargo. loyalty. buy-on-board and other ancillary
revenues; (2) Recurring operating results; (3) Excluding currency
gains and losses and Unrealized losses on Exchangeable Senior
Notes; (4) Capex, net is calculated
as Gross capex (fleet capitalized maintenance) subtracted by financed Capex
(credit facilities to finance assets acquisition and capitalized
maintenance costs) ; (5) Including 7x annual aircraft lease
payments and excluding perpetual bonds; and (6) Includes stock
option exercises that may be issued from the stock option program
and related to Exchangeable Senior Notes.
Investor Relations ri@voegol.com.br www.voegol.com.br/ir
+55(11) 2128-4700
About GOL
Linhas Aéreas Inteligentes S.A.
GOL is the largest airline in Brazil, leader in the corporate and leisure
segments. Since founded in 2001, the Company has the lowest
unit cost in Latin America, thus
democratizing air transportation. The Company has alliances
with American Airlines and Air FranceKLM, besides several codeshare
and interline agreements available to Customers, bringing more
convenience and simple connections to any place served by these
partnerships. With the purpose of "Being the First for All", GOL
offers the best travel experience to its passengers, including:
the largest number of seats and more space between seats; the
greatest platform with internet, movies and live
TV; and the best frequent-flyer program, SMILES. In cargo transportation, GOLLOG
delivers orders to different regions in Brazil and abroad. The Company has a team of
13,700 highly qualified aviation professionals focused on
Safety, GOL's #1 value, and operates a standardized fleet of
145 Boeing 737 aircraft. The Company's shares are
traded on the NYSE (GOL)
and the B3 (GOLL4). For
further information, visit www.voegol.com.br/ri.
Disclaimer
The information contained in this press release has not been
subject to any independent audit or review and contains
"forward-looking" statements, estimates and projections that relate
to future events, which are, by their nature, subject to
significant risks and uncertainties. All statements other than
statements of historical fact contained in this press release
including, without limitation, those regarding GOL's future
financial position and results of operations, strategy, plans,
objectives, goals and targets, future developments in the markets
in which GOL operates or is seeking to operate, and any
statements preceded by, followed by or that include the
words "believe", "expect", "aim", "intend", "will", "may",
"project", "estimate", "anticipate", "predict", "seek", "should"
or similar words or expressions, are forward-looking
statements. The future events referred to in these
forward- looking statements involve known and unknown risks,
uncertainties, contingencies and other factors, many of which
are beyond GOL's control, that may cause actual results,
performance or events to differ materially from those
expressed or implied in these statements. These forward-looking
statements are based on numerous assumptions regarding GOL's
present and future business strategies and the environment in which
GOL will operate in the future
and are not a guarantee of future performance. Such forward-looking statements speak only as
at the date on which they are made. None of GOL or any of its
affiliates, officers, directors, employees
and agents undertakes any duty or obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except to the extent
required by law. None of GOL or any of its affiliates, officers,
directors, employees, professional advisors and agents make any
representation, warranty or prediction that the results anticipated
by such forward-looking statements will be achieved, and such
forward- looking statements represent, in each case, only one of
many possible scenarios and should not be viewed as the most likely
or standard scenario. Although GOL believes that the estimates and
projections in these forward- looking statements are
reasonable, they may prove materially incorrect and actual results
may materially
differ. As a result, you should not rely on these forward-looking statements.
Non-GAAP Measures
To be consistent with industry practice, GOL discloses so-called
non-GAAP financial measures which are not recognized under
IFRS or U.S. GAAP, including "Net Debt", "Adjusted Net Debt",
"total liquidity" and "EBITDA". The Company's management believes
that disclosure of non-GAAP measures provides useful information to
investors, financial analysts and the public in their review of its
operating performance and their comparison of its operating
performance to the operating performance of other companies in the
same industry and other industries. However, these non-GAAP items
do not have standardized meanings and may not be directly
comparable to similarly-titled items adopted by other companies.
Potential investors should not rely on information not recognized
under IFRS as a substitute for the GAAP measures of earnings or
liquidity in making an investment decision.
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SOURCE GOL Linhas Aéreas Inteligentes S.A.