Financials Air France-KLM

Equities

AF

FR001400J770

Airlines

Market Closed - Euronext Paris Other stock markets 11:37:15 2024-09-18 EDT			5-day change	1st Jan Change
8.602 ^EUR	+0.82%		+5.24%	-36.71%

09-18	Air France-KLM Suspends Flights to Israel, Lebanon	MT
09-18	Lufthansa and Air France suspend flights to Israel	DP

Projected Income Statement: Air France-KLM

Fiscal Period: december	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	27,189	11,088	14,315	26,393	30,019	31,172	32,621	33,843
Change	-	-59.22%	29.1%	84.37%	13.74%	3.84%	4.65%	3.75%
EBITDA ¹	4,128	-1,689	745	3,615	4,208	4,203	4,638	4,927
Change	-	-	-	385.23%	16.4%	-0.13%	10.37%	6.21%
EBIT ¹	1,141	-4,548	-1,626	1,193	1,712	1,510	1,858	1,995
Change	-	-	-64.25%	-	43.5%	-11.8%	23.04%	7.36%
Interest Paid ¹	-442	-496	-728	-528	-347	-449.2	-449.7	-465.4
Earnings before Tax (EBT) ¹	346	-6,928	-3,549	342	1,147	844.8	1,421	1,652
Change	-	-	-48.77%	-	235.38%	-26.35%	68.22%	16.21%
Net income ¹	290	-7,078	-3,292	728	934	577.1	1,040	1,132
Change	-	-	-53.49%	-	28.3%	-38.22%	80.28%	8.81%
Announcement Date	2/20/20	2/18/21	2/17/22	2/17/23	2/29/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4
Net sales ¹	7,696	6,618	5,020	1,182	2,524	2,363	2,161	2,750	4,567	4,838	4,445	6,707	8,112	7,128	6,329	7,624	8,660	7,407	6,654	7,949	8,897	7,485
Change	-	-14.01%	-24.15%	-76.45%	113.54%	-6.38%	-8.55%	27.26%	66.07%	5.93%	-8.12%	50.89%	20.95%	-12.13%	-11.21%	20.46%	13.59%	-14.47%	-10.17%	19.46%	11.93%	-15.88%
EBITDA ¹	1,647	867	-61	-780	-442	-407	-627	-248	796	827	221	931	1,677	786	286	1,328	1,993	601	176	1,170	1,944	874.6
Change	-	-47.36%	-	1,178.69%	-43.33%	-7.92%	54.05%	-60.45%	-	3.89%	-73.28%	321.27%	80.13%	-53.13%	-63.61%	364.34%	50.08%	-69.84%	-70.72%	564.77%	66.15%	-55.01%
EBIT ¹	900	96	-815	-1,553	-1,046	-1,134	-1,179	-752	132	178	-350	386	1,024	134	-306	733	1,342	-56	-489	513	1,263	194
Change	-	-89.33%	-	90.55%	-32.65%	8.41%	3.97%	-36.22%	-	34.85%	-	-	165.28%	-86.91%	-	-	83.08%	-	773.21%	-	146.28%	-84.64%
Charge d'intérêts	-98	-110	-	-175	-131	-	-188	-142	-145	-	-143	-136	-130	-121	-109	-138	-81	-80	-160	-154	-	-
Earnings before Tax (EBT)	464	93	-	-2,512	-1,655	-1,140	-1,464	-	-187	-140	-546	42	535	309	-378	672	1,095	-243	-651	214	-	-
Change	-	-79.96%	-100%	-	-34.12%	-31.12%	28.42%	-100%	-	-25.13%	290%	-	1,173.81%	-42.24%	-	-	62.95%	-	167.9%	-	-100%	-
Net income ¹	366	156	-1,801	-2,614	-1,665	-1,000	-1,481	-1,489	-191	-127	-552	324	460	496	-344	604	931	-256	-480	121	904.5	66.63
Change	-	-57.38%	-	45.14%	-36.3%	-39.94%	48.1%	0.54%	-87.17%	-33.51%	334.65%	-	41.98%	7.83%	-	-	54.14%	-	87.5%	-	647.52%	-92.63%
Announcement Date	10/31/19	2/20/20	5/7/20	7/30/20	10/30/20	2/18/21	5/6/21	7/30/21	10/29/21	2/17/22	5/5/22	7/29/22	10/28/22	2/17/23	5/5/23	7/28/23	10/27/23	2/29/24	4/30/24	7/25/24	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	4,910	11,152	13,953	14,603
Change	-	127.13%	25.12%	4.66%
EBITDA ¹	-	1,152	1,614	1,345
Change	-	-	40.1%	-16.67%
EBIT ¹	-1,931	36	426	24
Change	-	-	1,083.33%	-94.37%
Charge d'intérêts ¹	-421	-277	-296	-314
Earnings before Tax (EBT) ¹	-	-503	295	-436
Change	-	-	-	-
Net income ¹	-	-	260	-400
Change	-	-	-	-
Announcement Date	7/30/21	7/29/22	7/28/23	7/25/24

¹EUR in Million

Estimates

Forecast Balance Sheet: Air France-KLM

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,147	11,049	8,216	6,337	5,041	6,615	6,761	7,035
Change	-	79.75%	-25.64%	-22.87%	-20.45%	31.22%	2.21%	4.05%
Announcement Date	2/20/20	2/18/21	2/17/22	2/17/23	2/29/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Air France-KLM

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	3,372	2,099	2,202	2,092	3,551	3,091	3,359	3,403
Change	-	-37.75%	4.91%	-5%	69.74%	-12.94%	8.67%	1.31%
Free Cash Flow (FCF) ¹	523	-4,925	-631	1,884	-426	-671	-469.5	149
Change	-	-1,041.68%	-87.19%	-398.57%	-122.61%	57.51%	-30.03%	-131.74%
Announcement Date	2/20/20	2/18/21	2/17/22	2/17/23	2/29/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Air France-KLM

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	15.18%	-15.23%	5.2%	13.7%	14.02%	13.48%	14.22%	14.56%
EBIT Margin (%)	4.2%	-41.02%	-11.36%	4.52%	5.7%	4.84%	5.7%	5.89%
EBT Margin (%)	1.27%	-62.48%	-24.79%	1.3%	3.82%	2.71%	4.36%	4.88%
Net margin (%)	1.07%	-63.83%	-23%	2.76%	3.11%	1.85%	3.19%	3.34%
FCF margin (%)	1.92%	-44.42%	-4.41%	7.14%	-1.42%	-2.15%	-1.44%	0.44%
FCF / Net Income (%)	180.34%	69.58%	19.17%	258.79%	-45.61%	-116.28%	-45.13%	13.16%
Profitability
ROA	1.34%	-23.23%	-10.82%	2.52%	2.8%	1.82%	2.29%	2.68%
ROE	19.9%	-	-	-	-	63.44%	48.88%	284.53%
Financial Health
Leverage (Debt/EBITDA)	1.49x	-6.54x	11.03x	1.75x	1.2x	1.57x	1.46x	1.43x
Debt / Free cash flow	11.75x	-2.24x	-13.02x	3.36x	-11.83x	-9.86x	-14.4x	47.21x
Capital Intensity
CAPEX / Current Assets (%)	12.4%	18.93%	15.38%	7.93%	11.83%	9.92%	10.3%	10.06%
CAPEX / EBITDA (%)	81.69%	-124.27%	295.57%	57.87%	84.39%	73.56%	72.43%	69.08%
CAPEX / FCF (%)	644.74%	-42.62%	-348.97%	111.04%	-833.57%	-460.71%	-715.54%	2,284.18%
Items per share
Cash flow per share ¹	85.54	-66.12	26.51	25	15.87	8.527	12.41	12.89
Change	-	-177.29%	-140.09%	-5.68%	-36.51%	-46.28%	45.52%	3.91%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	53.44	-127	-59.62	-15.47	-7.81	-5.737	-1.532	2.899
Change	-	-337.61%	-53.05%	-74.06%	-49.51%	-26.53%	-73.3%	-289.2%
EPS ¹	6.802	-165.6	-59.5	3.1	4.1	2.221	3.638	4.033
Change	-	-2,534.37%	-64.07%	-105.21%	32.26%	-45.83%	63.81%	10.84%
Nbr of stocks (in thousands)	42,749	42,743	64,143	256,933	262,649	262,626	262,626	262,626
Announcement Date	2/20/20	2/18/21	2/17/22	2/17/23	2/29/24	-	-	-