Tiger Airways

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ysannual report 2012
financial year ended 31 March 2012

CONTENTS
1 2 3 5 10 20 22 116 117 118 119 121
CORPORATE INFORMATION OPERATIONAL AND FINANCIAL HIGHLIGHTS CHAIRMAN’S STATEMENT REVIEW OF OPERATING AND FINANCIAL PERFORMANCE BOARD OF DIRECTORS SENIOR MANAGEMENT FINANCIAL CONTENTS (INCLUDING CORPORATE GOVERNANCE) INTERESTED PERSON TRANSACTIONS MATERIAL CONTRACTS USE OF PROCEEDS FROM INITIAL PUBLIC OFFERING AND RIGHTS ISSUE SHAREHOLDERS’ INFORMATION NOTICE OF ANNUAL GENERAL MEETING PROXY FORM

tiger airways holdings limited annual report 2012
financial year ended 31 March 2012

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CORPORATE INFORMATION
BOARD OF DIRECTORS Mr. Joseph Yuvaraj Pillay Independent Director and Chairman Mr. Chin Yau Seng Executive Director and CEO Ms. Rachel Eng Yaag Ngee Independent Director Mr. Hsieh Fu Hua Independent Director Mr. Lee Chong Kwee Non-Independent Director Mr. Po’ad Bin Shaik Abu Bakar Mattar Independent Director Mr. Yap Chee Keong Independent Director Mr. Gerard Yeap Beng Hock Non-Independent Director AUDIT COMMITTEE Mr. Po’ad Bin Shaik Abu Bakar Mattar (Chairman) Mr. Lee Chong Kwee Mr. Yap Chee Keong EXECUTIVE COMMITTEE Mr. Joseph Yuvaraj Pillay (Chairman) Mr. Chin Yau Seng Mr. Hsieh Fu Hua Mr. Lee Chong Kwee NOMINATING COMMITTEE Mr. Hsieh Fu Hua (Chairman) Ms. Rachel Eng Yaag Ngee Mr. Joseph Yuvaraj Pillay Mr. Yap Chee Keong REMUNERATION COMMITTEE Mr. Hsieh Fu Hua (Chairman) Ms. Rachel Eng Yaag Ngee Mr. Joseph Yuvaraj Pillay Mr. Yap Chee Keong RISK MANAGEMENT COMMITTEE Mr. Joseph Yuvaraj Pillay (Chairman) Mr. Hsieh Fu Hua Mr. Po’ad Bin Shaik Abu Bakar Mattar Mr. Gerard Yeap Beng Hock JOINT COMPANY SECRETARIES Ms. Joyce Fong Ms. Tan San-Ju REGISTERED OFFICE 50 Raffles Place #32-01 Singapore Land Tower Singapore 048623 Telephone number: +65 6536 5355 Facsimile number: +65 6536 1360 PRINCIPAL PLACE OF BUSINESS 17 Changi Business Park Central 1 #04-06/09 Honeywell Building Singapore 486073 Telephone number: +65 6422 2200 Facsimile number: +65 6422 2310 BANKERS DBS Bank Ltd Standard Chartered Bank United Overseas Bank Limited Westpac Banking Corporation SHARE REGISTRAR AND SHARE TRANSFER OFFICE Boardroom Corporate & Advisory Services Pte. Ltd. 50 Raffles Place #32-01 Singapore Land Tower Singapore 048623 Telephone number: +65 6536 5355 Facsimile number: +65 6536 1360 AUDITORS Ernst & Young LLP Public Accountants and Certified Public Accountants One Raffles Quay North Tower, Level 18 Singapore 048583 Audit Partner-In-Charge: Low Bek Teng Date of appointment: Appointed since financial year ended 31 March 2011

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tiger airways holdings limited annual report 2012
financial year ended 31 March 2012

OPERATIONAL AND FINANCIAL HIGHLIGHTS
OPERATIONAL HIGHLIGHTS Passengers booked (thousands)(1) Revenue passenger-kilometres, RPK (millions) Available seat-kilometres, ASK (millions)(3) Passenger load factor, RPK/ASK (%) Number of aircraft at financial year end(4) Average number of aircraft(5) Number of sectors flown Average sector length flown (km) FINANCIAL HIGHLIGHTS* Income Statement ($ million) Total revenue Total expenses Operating (loss)/profit (Loss)/Profit before tax (Loss)/Profit after tax (Loss)/Earnings per share (cents per share) Basic(7) Diluted (8) (6) (2)

FY11-12 5,465 8,494 10,447 81.3 34 28 37,212 1,558 FY11–12 618.2 701.6 (83.4) (100.7) (104.3)

FY10-11 5,968 8,209 9,583 85.7 26 21 38,992 1,377 FY10–11 622.3 575.0 47.2 57.0 39.9

% change -8.4 +3.5 +9.0 -4.4 points +30.8 +36.2 -4.6 +13.1 % change -0.7 +22.0 NM NM NM

(14.9) (14.9)

7.0 6.9

NM NM

Profitability Ratios (%) (Loss)/Profit before tax margin (Loss)/Profit after tax margin Return on average equity(9) Statement of Financial Position ($ million) Cash Total assets Total debt Total equity (16.3) (16.9) (47.1) As at 31-Mar-12 160.7 1,071.9 583.9 248.5 9.2 6.4 23.2 As at 31-Mar-11 195.8 1,000.7 540.9 194.7 -17.9 +7.1 +8.0 +27.6 NM NM NM

NM : Not Meaningful * Tiger Airways’ financial year is from 1 April to 31 March. Throughout...
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