Disclaimers
The information contained herein is intended to represent the Company’s operating and financial position at a given point in
time and may also contain forward looking information which only reflects expectations based on the prevailing geo-political,
economic and non-controllable factors. Such information has been obtained from sources believed to be most reliable and
the means in analyzing and preparation of such information for disclosure are based on approve practices and principles in
the investment industry. The views are based on assumption subject to various risks and uncertainties and no assurance is
made as to whether such future events will occur. No assurance is made as to the accuracy or completeness of information
presented in this document.
Fleet Expansion2 Jets, Boeing 737-800 NG, added in Nov 2013
Route Update• New Route:
Domestic
Don Mueang – Hua Hin started 15 Nov 2013
International
Mae Sot – Mawlamyine started 1 Sep 2013
Mae Sot – Yangon started 1 Oct 2013
Don Muang – Yangon started 1 Nov 2013
3
# Primary RoutesCurrent Weekly Flight
Frequency*1
2
3
4
5
6
7
8
Bangkok – Hat Yai
Bangkok – Chiang Mai
Bangkok – Udon Thani
Bangkok – Nakhon Si Thammarat
Bangkok – Ubon Ratchathani
Bangkok – Surat Thani
Bangkok – Phuket
Bangkok – Chiang rai
56
49
42
35
42
35
28
35
Secondary Routes9
10
11
12
13
Bangkok – Phitsanulok
Chiang Mai – Mae Hong Son
Bangkok – Trang
Bangkok – Sakhon Nakhon
Bangkok – Nakhon Phanom
35
21
21
7
7
Feeder Routes14
15
16
17
18
19
20
21
22
23
24
Bangkok – Mae Sot
Chiang Mai – Udon Thani
Bangkok – Nan
Bangkok – Roi Et
Bangkok – Chumphon
Bangkok – Loei
Chiang Mai – Mae Sot
Bangkok – Ranong
Bangkok - Phrae
Bangkok – Buriram
Bangkok – Hua Hin
28
21
14
14
14
14
7
14
7
7
3
International Routes25 Mae Sot - Mawlamyine 7
26
27
Mae Sot - Yangon
Bangkok - Yangon
7
3*As of November 15, 2013 4
Unit: %
5
Unit: %
As of September 30, 2013
Credit card
59%Counter Service
17%
Cash
11%
Direct
Debit
7%
ATM
5%
Others
1%
Web site and
Electronics
60%Call Center
12%
Counter at
airport
11%
Travel Agent
11%
Corporate and
Group Sales
5%
Other
1%
6
16.16 19.66 22.33 26.70 27.17
23.1923.54
25.4827.01 26.88
39.51 35.5933.71
30.05 29.86
14.80 14.64 14.81 14.14 14.486.35 6.57 3.67 2.10 1.60
2010 2011 2012 1H/13 9M/13
Source: Airport of Thailand PCL and Department of Civil Aviation as of 30 September 2013 6
35.4% 39.5% 43.4% 47.8% 48.8%
50.7% 47.3%49.5%
48.4% 48.3%
13.9% 13.2%7.1% 3.8% 2.9%
2010 2011 2012 1H/13 9M/13
Unit: %
Primary route Secondary routeFrom Bangkok From Chiang MaiMarket share by no. of passengers
Feeder route15% 21% 34%44% 32% 137%
Market GrowthNOK Growth
68.6%57.6%
48.8% 46.8% 41.4% 36.4%21.6%
8.8%
100% 100% 100%
49.7% 46.7%
100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
0.0%
25.0%
50.0%
75.0%
100.0%
Unit: %
5
Unit: Million
1.05
1.46
2.97
4.29
3Q/12 3Q/13 9M/12 9M/13
Unit: Mil. Seat-Km
7
751
1,038
2,086
3,046 84.5% 84.4%
83.7%
86.1%
75.0%
77.0%
79.0%
81.0%
83.0%
85.0%
87.0%
-
500
1,000
1,500
2,000
2,500
3,000
3,500
3Q12 3Q13 9M12 9M13
ASK (Mil. Seat-Km.)Cabin Factor
3.273.08 3.13
3.49
3.16 3.13 3.14 3.243.03 3.09 3.11
3.34
3.062.94 2.96
3.10
2.822.63
2.88 2.893.01 3.03 3.08
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Unit: Baht / Pax/ Km. Unit: Baht / Seat. Km.
1.05
0.93
1.08
1.45
1.07
0.94
1.17
1.16
0.981.06
0.95
1.19
1.27
1.15
1.35 1.36
1.01
0.73
0.97
1.06
1.05 1.05
0.94
0.50
0.70
0.90
1.10
1.30
1.50
1.70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
201320122012
2013
Remark; 1/ Operating Profit ex Fuel is RASK – CASK ex fuel
2/For November 2013 data is as of 10 Nov 20138
2/
Unit: THB/Seat/Km.
2.74
2.342.352.67
2.512.70
1.02 1.000.83 0.87 0.84 0.76 0.83
0.56 0.500.48 0.54
0.40 0.44 0.41
0.26 0.270.28
0.250.27 0.33 0.34
0.27 0.250.22 0.22
0.21 0.19 0.22
0.17 0.18
0.170.24
0.15 0.160.16
0.46 0.49
0.540.56
0.49 0.480.47
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 Q3/13
Other operating costs
SG&A and D&A
Airport fee, Navigation, Ground
handling
Aircraft lease rent
Maintenance
Fuel
2.43
29.94 30.03
31.62127.34
116.50
120.84
100.00
105.00
110.00
115.00
120.00
125.00
130.00
25.00
26.00
27.00
28.00
29.00
30.00
31.00
32.00
Q1/13 Q2/13 Q3/13FX (THB/USD) Jet Fuel Price
CASK rise due to…
1. FX depreciation 5.46%
2. Fuel Price increase 3.71%
9
2,102
2,771
5,864
8,216
3Q12 3Q13 9M12 9M13
Unit: THB Million Unit: THB Million
211245
330
921
3Q12 3Q13 9M12 9M13
10
(Unit: Fleet)
11
2013 2014 2015
Seat Capacity
(seat)2,547 3,185 4,099
% Growth
(YoY)20.8% 25.5% 28.5%
3
812
1418
223 2
2
2
22
4
5 55
5
5
1 2 3 4 5
737 -400 737 - 800 ATR Q400 SAAB
Q3/2013 2013 2014 20152012
1/
• 12 more seats over ATR 72-500
• 6.07% lower cost per seat comparing to ATR 72-500
• Faster speed led to higher Aircraft Utilization due to 2
more sectors per day
2 More Q400 Bombardiers will be added in 2nd Half/2014
Remark: 1/ Operated by Siam General Aviation under “Nok Mini” brand2/ ATR 72-500 to be retired after 2015
2/
Bangkok – Ho Chi Minh Q4/2014
Bangkok - Hanoi
Bangkok - Cheng Du
Bangkok - Nanjing
Bangkok - Xian
Chiang Mai - Bagan
Chiang Mai - Heho
Chiang Mai - Mandalay
Bangkok – KBV (Krabi) starts 1 Jan 2014
12
Mandalay
HehoBagan
Krabi
Lampang
Surin
Nan Ning
Xian
Cheng Du
Mawlamyine
Mae Sot