Auckland International Airport Limited · NZX:AIA
Auckland International Airport — 2023 Macquarie Australia Conference
32 slides from Auckland International Airport's conference presentation, May 2, 2023
Slide 1: Overview of Auckland Airport
Overview of Auckland Airport 2023 Macquarie Australia Conference 2 May 2023 Prepared by: Strategy, Planning & Performance
Slide 2: Important notice
Important notice 2023 Macquarie Australia Conference Disclaimer This presentation is given on behalf of Auckland International Airport Limited (NZX: AIA; ASX: AIA; ADR: AUKNY). Information in this presentation: • is provided for general information purposes only, and is not an offer or invitation fo
Slide 3: Auckland Airport, unrivalled domestic connectivity
Auckland Airport, unrivalled domestic connectivity Auckland Airport is the largest and busiest airport in New Zealand with an extensive domestic aeronautical network, connecting with Kiwis from Kaitaia to Invercargill • New Zealand’s largest commercial airport serving the country’s largest city • Au
Slide 4: …and connecting New Zealand to the world
…and connecting New Zealand to the world Pre-COVID Auckland Airport connected 29 airlines to 43 international destinations. Next summer, Auckland expects it will connect 26 airlines to 37 international destinations Vancouver Beijing Chicago San Francisco Seoul New York Tokyo Los Angeles Dallas Fort
Slide 5: Overview of Auckland Airport
Overview of Auckland Airport Diverse and complementary business activities Aeronautical Retail Transport Investment Property Hotels Queenstown Airport Page 5
Slide 6: Quality retail precinct
Quality retail precinct ANZ Investor Day Page 6 6
Slide 7: Extensive transport business…
Extensive transport business… Page 7
Slide 8: …with a range of products currently on offer and in development
…with a range of products currently on offer and in development Page 8
Slide 9: Extensive hotel portfolio
Extensive hotel portfolio 273 198 311 rooms rooms rooms Page 9
Slide 10: High quality commercial property portfolio
High quality commercial property portfolio Page 10
Slide 11: 1500 ha land holding enables a precinct wide vision
1500 ha land holding enables a precinct wide vision Notes: 1. Pre-COVID-19, for the 12 months to 31 Dec 2019 Page 11
Slide 12: The airport is a combination of regulated and unregulated activities
The airport is a combination of regulated and unregulated activities 2019 Revenue composition - $738.2m 17% Airfield income 12% Rental income 30% Retail income 3% Rental 1% Other 25% Passenger services charge 9% Car park income 3% Other Page 12 12
Slide 13: So where are we today? Respond Recover Accelerate
So where are we today? Respond Recover Accelerate COVID-19 and the associated imposition of travel restrictions resulted in two full financial years of disruption for Auckland Airport. Passenger numbers are expected to be back to pre-pandemic levels during 2025 Monthly passenger numbers 110% 100% 90
Slide 14: Broad-based recovery driven from PAX mix
Broad-based recovery driven from PAX mix Respond Recover Accelerate The recovery in aviation markets is strengthening as Kiwi outbound travellers are joined by increasing numbers of international visitors. Holiday travel has rebounded strongly with the overall purpose of travel mix similar to pre-CO
Slide 15: International travel recovery ongoing
International travel recovery ongoing Respond Recover Accelerate International seat capacity serving Auckland is expected to significantly increase over the remainder of the calendar year as airlines restart previous Auckland services and launch new routes Auckland international seat capacity (000s)
Slide 16: The recovery is not without its challenges
The recovery is not without its challenges Respond Recover Accelerate From labour shortages, poor on-time performance, lost baggage and cost inflation to high ticket prices, a number of factors are presenting as challenges to the recovery in the aviation system Worker shortages Displaced baggage Ele
Slide 17: 1H23 Results at a glance
1H23 Results at a glance Revenue Reported profit Passenger Operating after tax movements Cashflow $287.8m $4.8m 7.6m $140.3m 128% on 1H22 96% on 1H22 341% on 1H22 374% on 1H22 (78% of 1H19) (3% of 1H19) (71% of 1H19) (90% of 1H19) 1H23 earnings per share of 0.33cps 1 1 EBITDAFI Underlying Aircraft C
Slide 18: Return to underlying profit
Return to underlying profit For the year ended 30 June (H1 2023 6 months to 31 December 2022) Restated $m 1H23 2022 20213 2020 2019 Revenue 287.8 300.3 281.1 567.0 743.4 Expenses1 98.8 155.8 110.0 306.6 188.6 Earnings before interest, taxation, depreciation, fair value adjustments and 189.0 144.5 17
Slide 19: Balance sheet remains strong
Balance sheet remains strong As at 30 June Restated $m Dec-2022 2022 20211 2020 2019 Cash 62.8 24.7 79.5 765.3 37.3 Trade and other receivables 58.7 28.5 25.4 34.7 69.0 Other current assets 21.7 21.6 20.9 37.0 - Current assets 143.2 74.8 125.8 837.0 106.3 Property, plant and equipment 7,130.3 6,986.
Slide 20: Building a better future…
Building a better future… Re-establishing our aeronautical network and Driving the recovery in our commercial Increase in aero infrastructure capex with supporting the recovery in travel business strong ongoing commercial opportunities Delta Airlines announced a daily Auckland-Los Angeles Reopening
Slide 21: Five key projects now underway whilst three remain on hold
Five key projects now underway whilst three remain on hold 2021 Annual Results Highlights performance Financial Our continuing journey Outlook 21 Page 21
Slide 22: Artist impression of the new domestic terminal
Artist impression of the new domestic terminal 2021 Annual Results Highlights performance Financial Our continuing journey Outlook 22
Slide 23: Construction of key enabling projects well underway
Construction of key enabling projects well underway 2021 Annual Results Highlights performance Financial Our continuing journey Outlook 23
Slide 24: Artist impression of the completed Transport Hub
Artist impression of the completed Transport Hub 2021 Annual Results Highlights performance Financial Our continuing journey Outlook Page 24
Slide 25: Our continuing journey
Our continuing Financial Outlook Highlights 2021 journey performance Annual Results Page 25
Slide 26: Exciting fashion outlet centre under construction
Exciting fashion outlet centre under 2021 Annual Results construction Highlights performance Financial Our continuing journey Outlook Illustrative only, actual layout will vary 100+ stores m2 23,000+ Page 26
Slide 27: Economic Regulation
Economic Regulation Respond Recover Accelerate Airline consultation on PSE4 aeronautical prices due to complete by June 2023 with price changes effective from 1 July 2023. Separately, the revision of the Civil Aviation Bill now been passed into law retaining the ability for airports to set aeronauti
Slide 28: Sustainability is central to who we are
Sustainability is central to who we are Purpose Place People Community Kaupapa Kaitiakitanga Whānau Hapori 85% Net Zero 40 | 40 | 20 flex 40% Customers rate their overall 90% reduction in scope 1 and 2 Gender balance across Auckland Of employees participating in experience as ‘excellent’ or carbon e
Slide 29: Re-energising the airport with solar
Re-energising the airport with solar 2021 Annual Results Highlights performance Financial Our continuing journey Outlook Artist’s illustration Auckland Airport is looking skywards as we take our first steps to generate onsite renewable energy, with plans for rooftop solar systems atop two of our new
Slide 30: Thank you
Thank you 5 Rac
Slide 31: Appendix
xa a] < 7) Q. 2 <x
Slide 32: Appendix: Underlying profit / (loss) reconciliation
Appendix: Underlying profit / (loss) reconciliation 2022 2021 For the six months ended 31 December ($m) Underlying Underlying Reported profit Adjustments profit / (loss) Reported profit Adjustments profit / (loss) EBITDAFI per income statement 189.0 - 189.0 60.3 - 60.3 Investment property fair value
Auckland International Airport — 2023 Macquarie Australia Conference on 6ix