Auckland International Airport Limited · NZX:AIA
Auckland International Airport — Non-Deal Roadshow (May 2011)
21 slides from Auckland International Airport's roadshow presentation, May 10, 2011
Slide 1: Auckland International Airport Limited Company Update
Auckland International Airport Limited Craigs Investment Partners Company Update 10 May 2011
Slide 2: Presentation Team
Presentation Team Simon Moutter Chief Executive Simon is responsible for the overall leadership, strategic direction and executive management of the Company. Prior to joining us in 2008, Simon was chief operating officer at Telecom New Zealand, managing most parts of the business at one time or anot
Slide 3: Evolution of our growth strategy
Evolution of our growth strategy Our vision is to build a great New Zealand business recognised as a world leader in creating value from modern airports Vision statement refined to reflect our clear airport focus in line with our core competencies. CORE Adding value to and enabling Reflects today’s
Slide 4: Focus of our growth plan
Focus of our growth plan To grow value in our airports for investors we will: Further increase investment in air services and market development to grow passenger volumes faster than the market organic rate. Expand and actively market the range of products and services that benefit passengers.
Slide 5: To deliver strong financial outcomes
To deliver strong financial outcomes 6 months to 31 Growth over prior Dec 2010 corresponding period (%) Revenue ($m) 198.2 8.7 Earnings before interest, tax, depreciation, fair value 151.0 9.2 adjustments and investment in associates (EBITDAFI) ($m) Underlying profit after tax ($m) 61.5 14.0 Earning
Slide 6: Changing shape of travel markets
Changing shape of travel markets Our Flight-path for Growth strategy % of international 6 months 6 months Growth on launched in March 2009 had a significant arrivals by region Dec 2010 Dec 2009 pcp emphasis on Asia passenger growth. New Zealand 48.4% 47.8% 5.07% “Rapidly developing markets are shift
Slide 7: Our airports offer a low risk exposure to high growth markets
Our airports offer a low risk exposure to high growth markets Source: Goldman Sachs Global Aviation Trends Report, 15 November 2010 7
Slide 8: and we are proactively developing air services
and we are proactively developing air services Significant route development starting in 2011/2012 Annual Airline Service Airport Route Start Date Capacity China Airlines New service Auckland Brisbane - Taipei Jan-11 96,000 Emirates Up-gauge Auckland Brisbane Jan-11 72,000 Malaysia Airlines Increase
Slide 9: Impact of RWC 2011 on growing international passenger numbers
Impact of RWC 2011 on growing international passenger numbers A total of 85,000 international Segment Visitor Arrivals visitors are specifically expected Supporters 74,800 for RWC 2011 Visitors hosted by sponsors and suppliers 6,000 Visitors will generate more than Media 2,500 one arrival as some vi
Slide 10: Passenger update – March 2011
Passenger update – March 2011 Total international passenger volumes March 2011 Growth over prior held firm post the Christchurch and Japan Financial Year to corresponding earthquakes, increasing by 1.4% in the Date period (%) Auckland Airport month of March contributing to 4.8% growth year to date.
Slide 11: Outstanding retail performance
Outstanding retail performance Major programme of retail expansion, refurbishment and re-tenders combined with new data driven retail capability completed. New tenants opened in the six months to December 2010 include Icebreaker, Moet, Apple, Swatch, MAC cosmetics, and a Rugby World Cup store. New t
Slide 12: Car parking yield management
Car parking yield management New online parking tool, Car park product offering at Auckland Airport launched in May 2010, enables International Terminal Domestic Terminal Park & Ride dynamic management of Proximate short-term and long-term parking options Multi-level car park with direct connectivit
Slide 13: Property development opportunities
Property development opportunities Over 1,500 hectares of freehold land with over 440 hectares potentially available for commercial development. Comprehensive land use plan published with broader appeal to non-traditional airport tenants. Property kick-start strategy succeeded and now well positione
Slide 14: Accelerating property success
Accelerating property success Project Construction Value Auckland Airport Expected Completion $m Construction Cost $m Aviation Security Office 5.9 5.9 Completed - July 2010 Mercedes Parts Warehouse 3.0 3.0 Completed – Feb 2011 Novotel Hotel 65.0 6.5 May 2011 DSV Air and Sea 3.8 3.8 May 2011 Aviation
Slide 15: Changing capital allocation
Changing capital allocation Capital Expenditure Existing international aeronautical 160 infrastructure can accommodate significant 140 growth in aircraft and passenger movements 34.6 120 without further major improvements. 100 NZ$ million 34.2 31.0 2010 decision to further defer construction of 80 4
Slide 16: Strong Balance Sheet
Strong Balance Sheet Debt maturity as at 31 March 2011 US Private Placement (USPP) US$150 400 million issuance confirmed in 350 December 2010 – first funding Debt Maturity ($ million) 300 occurred in February 2011 and next 250 will occur in July 2011 to repay 200 maturing fixed bonds. 150 100 Long t
Slide 17: Earthquake impacts manageable
Earthquake impacts manageable Significant impact on Christchurch and Japan, but impact on Auckland Airport, Queenstown Airport and Cairns Airport is likely to be short and relatively modest. Impact of Japan on Cairns likely to slow the very strong growth momentum experienced this financial year. Any
Slide 18: Supportive airport regulation in NZ
Supportive airport regulation in NZ Dual-till regime with information disclosure requirements • Aeronautical till: subject to limited competition and therefore regulated • Non-aeronautical till: subject to open market competitive forces New Zealand Commerce Commission monitors regulatory regime: • D
Slide 19: Auckland Airport Master Plan – Moving to a highly efficient future
Auckland Airport Master Plan – Moving to a highly efficient future Auckland Airport strives to balance supply with demand to optimise the efficiency of existing infrastructure and deliver additional capacity when needed. Master plan moves to a dual-runway, integrated terminal design combining domest
Slide 20: Airport Boundary
Atrport Boundary Designation Line Proposed Second Runway AB Auckland Airport 20
Slide 21: The case for investment
The case for investment Low risk exposure to Asia–Pacific growth story. Ownership position in four airports all with considerable upside potential. Growth strategies succeeding in growing passenger volumes, aero revenues, retail yields and property rents and plenty more to come Strong Balance Sheet
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