Slide 1

[Virtual Presenter] Good morning everyone! Today we are here to discuss the contributions of Sheikh Ahmed bin Saeed Al Maktoum in leading one of the world's most successful airline companies: Emirates Airline. As Sheikh Ahmed bin Saeed Al Maktoum has been the Chairman and Chief Executive of the airline since its founding in 1985, we are delighted to be able to understand how he has created an international platform for an aviation empire. Let us take a look into how Emirates Airline operates with excellence, agility, innovation and leadership..

[Audio] Emirates Airline is a leading airline service provider with a solid foundation. Sheikh Ahmed bin Saeed Al Maktoum is the leader of the majority of the shares, held by the Dubai Government (55.76%) and Capital Assets LLC (5.33%). This strong shareholder base equips Emirates Airline with the capability to provide reliable and efficient services, such as passenger and freight transportation, air catering, first-class lounges, tickets bookings and reservations, and in-flight entertainment, to their customers..

[Audio] Emirates Airline is committed to providing its customers with the highest levels of safety and security. We continuously review, train and educate in order to protect customers, staff and assets against any unlawful interference. Our vision is to maintain international recognition as one of the top aviation and security services businesses in the world, setting the benchmark for the industry..

[Audio] Slide number 4 of the presentation discusses the offerings of Emirates Airline. These services include airline services, passenger and freight transportation, air catering, first-class lounges, tickets bookings and reservations, and in-flight entertainment. All of these services are provided by Emirates to ensure efficiency, agility, innovation, and leadership..

[Audio] Emirates Airline is dedicated to delivering excellence in everything we do. Our agility as an organisation enables us to act as one unified team, and our innovative attitude keeps us at the forefront of the industry. We take pride in being reliable and trustworthy, always providing outcomes that surpass expectations. These are the values that steer us each day..

[Audio] Since 2016-2017, Emirates Airline has seen major advancement, with the use of e-ticketing doubling and 35 new eco-friendly aircrafts being introduced. To provide customers with convenience and experience, the Emirates app is now available in 18 different languages. As a result of these efforts, the net capacity has risen by 10% and the number of customers increased by 110%. This impressive growth and innovation is a testament to the hardworking team at Emirates Airline, and it is showing no signs of slowing down..

[Audio] Emirates Airline reported a total revenue and operating income of 91,972 million AED for the fiscal year ending December 31st 2020, with a profit attributed to the owner of 1,056 million AED..

[Audio] Emirates Airline has seen great success thanks to its effective evaluation process, which measures performance through four main financial ratios. Profit Margin helps assess the airline's profitability, showing the ratio between total revenue and the net profit generated. Leverage ratio looks at the company's financial structure, comparing its debt to its equity. Liquidity ratio measures how much cash and liquid assets the airline has available, while Activity Ratio gives an indication of the company's efficiency in managing its resources. Through this thorough evaluation, Emirates has grown to become a leader in the global air transport industry..

[Audio] Emirates Airline reported a profit margin of 1.16%, return on assets at 0.61%, and return on equity of 4.48% for the year 2020, compared to 0.91%, 0.68%, and 2.31% respectively in the previous year. In 2018, they reported a profit margin of 3.06%, return on assets at 2.19%, and return on equity of 7.55%. Lastly, in 2017, their profit margin was 1.49%, return on assets at 1.03%, and return on equity of 3.56%..

[Audio] Emirates Airline's debt to assets ratio, debt to equity ratio and debt to capital ratio in 2020 were 86.3 percent, 6.29 percent and 86.3 percent respectively. In 2019, these ratios were 70.4 percent, 2.38 percent and 70.4 percent respectively; in 2018, these ratios were 71 percent, 2.44 percent and 71 percent respectively; and in 2017, these ratios were 71.1 percent, 2.46 percent and 71.1 percent respectively. Thus, over the past three years, these ratios have decreased..

[Audio] As displayed in this table and chart, Emirates Airline's current and cash ratios for 2020 are 0.56699999999999995 and 16.8 percent respectively. Compared to 2019, current and cash ratios decreased in 2020 while 2017 had the highest levels with 2.44 and 23.3 percent respectively..

[Audio] As shown in this table, Emirates Airline has achieved a strong performance with its fixed assets turnover ratio of 60.77% in 2020. This indicates that the company has been effective in using its fixed assets to generate sales. In addition, the total assets turnover ratio of 0.756% in 2020 shows that the company was able to make the most out of its total assets. Furthermore, the time interest earned ratio of 1.195 in 2020 signifies that the company was successful in covering its interest payments in time. The data also shows that this airline has improved year after year in all metrics, illustrating its commitment to excellence.”.

[Audio] Emirates Airlines has achieved success through strategic investments in technology, customer-focused services, and providing top-notch services with a focus on customer comfort, ease of travel, and reliability. Their sustained high profits demonstrate the success of these initiatives. Maintaining excellence, agility, innovation, and leadership, Emirates Airlines has established itself as one of the most respected airlines in the world..

[Audio] Over two decades, Emirates has evolved into a leading airline in the world. In 2019, it became the first carrier to fly the world’s largest passenger aircraft, the Airbus A380. The air transport industry has seen Emirates become the sixth-largest airline by fleet size, the world’s largest carrier of international passengers, and the fourth-largest airline based on scheduled international passenger-kilometres flown. The airline is a major operator when it comes to air freight, carrying 44000 tons of cargo in a single month and connecting more than 155 destinations across six continents with more than 10000 flights every month..

[Audio] We have already gone through many aspects of Emirates Airline and their effect on our societies. To further our discourse, I would like to welcome the CEO and Investor to join us in looking into the queries raised throughout this gathering. Let us collaborate to arrive at creative solutions through combining our knowledge. Let us make the best out of this chance. Thank you..