Airports Of Thailand Public Co Ltd · SET:AOT
Airports Of Thailand Public — Airports of Thailand — Investor Presentation (November 2024)
26 slides from Airports Of Thailand Public's investor presentation, Nov 26, 2024
Slide 1: Airports of Thailand Plc. For Fiscal Year 2024
Airports of Thailand Plc. For Fiscal Year 2024 (October 2023 – September 2024) Investor Relations Department, E-mail: aotir@airportthai.co.th, Tel: (662) 535-5900, Fax (662) 535-6009
Slide 2: Disclaimer
Disclaimer This presentation is intended to assist investors to better understand the company’s business and financial status. This presentation may contain forward looking statements relate to analysis and other information which are based on forecast of future results and estimates of amounts not
Slide 3: Airports in Thailand
Airports in Thailand MAE FAH LUANG-CHIANG RAI Total of 39 airports INTERNATIONAL AIRPORT CHIANG MAI INTERNATIONAL Airports of Thailand Public Company Limited AIRPORT ▪ 2 in Bangkok and perimeter Pai o Suvarnabhumi Airport (BKK) Mae Hong Son Nan Lampang o Don Mueang International Airport (DMK) Phra
Slide 4: Business Overview
Business Overview Fact Sheet Shareholders Information (As of December 12, 2023) ▪ Listed on 11 March 2004 ▪ Shares outstanding 14,285.70 Million* 1. MINISTRY OF FINANCE 70.00% ▪ Shareholders 2. THAI NVDR COMPANY LIMITED 4.16% •Ministry Of Finance 70% •Free Float 30% 3. SOUTH EAST ASIA UK (TYPE C) NO
Slide 5: Aircraft Movement Statistics (FY2024)
Aircraft Movement Statistics (FY2024) AOT Traffics LCCs Traffics (Unit: Thousand) (Unit: Thousand) 732.69 385.06 354.22 639.89 316.50 225.02 318.84 226.41 394.47 205.77 245.25 138.04 256.97 416.19 179.99 178.43 321.05 160.04 135.86 2.18 25.78 127.81 137.50 66.82 FY 2021 2022 2023 2024 FY 2021 2022 2
Slide 6: Passenger Movement Statistics (FY2024)
Passenger Movement Statistics (FY2024) AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 63.05 119.29 56.45 100.06 46.62 36.12 46.15 35.83 28.56 46.69 15.77 72.67 20.01 32.79 53.91 25.00 26.93 0.03 3.56 20.62 19.06 0.95 15.74 13.90 2021 2022 2023 2024 2021 2022 2023 2024 FY FY International
Slide 7: Monthly Air Traffic Movements: FY2019 – FY2024
Monthly Air Traffic Movements: FY2019 – FY2024 (Unit: Thousand) 80 FY 2024 70 FY 2023 60 50 FY 2022 40 FY 2021 Aircraft Movements (FY2024) 30 FY 2020 20 International Domestic Total 10 FY 2019 29.63% -0.73% 14.50% 0 (Unit: Million) 14 13 FY 2024 12 11 FY 2023 10 9 8 FY 2022 Passenger Movements (FY20
Slide 8: Airport Revenues (FY2024)
Airport Revenues (FY2024) Landing & Parking Charges 20% increased on Jan 1st, 2005 15% increased on Apr 1st, 2007 Aeronautical Departure Passenger Service Effective on Apr 1st, 2024 Charges (PSC) THB 700 to THB 730 - International PSC 46% THB 100 to THB 130 - Domestic PSC Aircraft Service Charges Fe
Slide 9: Revenues Breakdown (FY2024)
Revenues Breakdown (FY2024) Total Revenue By Proportion FY2023 FY2024 (Unit: Million Baht) 67,121.30 7.77% 8.39% 48,140.92 30.99% 34.45% 37.14% 36.66% 17.81% 14.75% 16,560.02 1.33% 4.62% 1.14% 7,085.60 4.95% By Growth FY2021 FY2022 FY2023 FY2024 (Unit: Million Baht) FY2021 FY2022 FY2023 FY2024 YoY L
Slide 10: Airport Operating Expenses
Airport Operating Expenses Employee Benefit Expenses Consisting of : - employee salaries and bonuses, employee benefits, retirement payments and contributions to employee provident fund . - the remuneration of AOT’s board of directors and executives as stated in the notice of Capital Market Supervis
Slide 11: Expenses Breakdown (FY2024)
Expenses Breakdown (FY2024) Expenses By Proportion FY2023 FY2024 (Unit: Million Baht) 36,748.62 30,911.08 24,807.59 28.70% 31.03% 37.65% 36.18% 22,717.98 0.00% 8.25% 0.00% 9.46% 9.10% 13.75% 11.65% 14.22% By Growth (Unit: Million Baht) FY2021 FY2022 FY2023 FY2024 FY2021 FY2022 FY2023 FY2024 YoY Empl
Slide 12: Statements of Income (FY2024)
Statements of Income (FY2024) (Unit: Million Baht) FY2020 FY2021 FY2022 FY2023 FY2024 YoY Total revenues 33,133.92 7,838.44 17,891.86 48,445.50 67,827.80 40.01% Revenues from sales 31,179.10 7,085.60 16,560.02 48,140.92 67,121.30 39.43% or services Other incomes 1,954.82 752.84 1,331.83 304.58 706.4
Slide 13: Financial Status
Financial Status STATEMENTS OF FINANCIAL POSITION STATEMENTS OF CASH FLOW (Unit: Million Baht) (Unit: Million Baht) 30 Sep 2023 30 Sep 2024 Beginning Cash 6,091.02 Cash Flows from Operation 41,056.30 Cash 6,091.02 18,486.84 Cash Flows from Investment (13,127.54) Other Current Asset 12,922.85 11,737.
Slide 14: Financial Ratios
Financial Ratios 30 Sep 2019 30 Sep 2020 30 Sep 2021 30 Sep 2022 30 Sep 2023 30 Sep 2024 (FY2019) (FY2020) (FY2021) (FY2022) (FY2023) (FY2024) Par Value (THB) 1.00 1.00 1.00 1.00 1.00 1.00 Market Price (THB) 74.75 56.50 61.00 72.50 69.75 64.00 BV/share 10.77 9.96 7.86 7.09 7.73 8.70 P/BV 6.94 5.67 7
Slide 15: Noise Compensation (Suvarnabhumi Airport Phase I)
Noise Compensation (Suvarnabhumi Airport Phase I) Proceeded Planned (Unit: Million Baht) (The cabinet resolution on May 29,2007) NEF > 40 Houses Amount Summer Season (Unit: Houses) Purchased 147 786.26 Insulated 357 93.61 Total Impacted Houses Total NEF> 40 504 879.87 11,212 NEF 30 – 40 Houses Amoun
Slide 16: Noise Compensation (Suvarnabhumi Airport Phase I)
Noise Compensation (Suvarnabhumi Airport Phase I) Planned Proceeded (Unit: Million Baht) (The cabinet resolution on Aug 31, 2010) NEF > 40 Winter Season (Unit: Houses) Houses Amount Purchased 54 433.27 Total Impacted Insulated 77 24.11 Houses 4,953 Total NEF> 40 131 457.38 NEF 30 - 40 Houses Amount
Slide 17: Noise Compensation (Suvarnabhumi Airport Phase I)
Noise Compensation (Suvarnabhumi Airport Phase I) Planned Proceeded (Unit: Million Baht) (The cabinet resolution on Oct 15, 2013) NEF > 40 Winter Season (Unit: Houses) Houses Amount Purchased 8 101.57 Total Impacted Insulated 56 21.11 Houses 2,237 Total NEF> 40 64 122.68 NEF 30 - 40 Houses Amount NE
Slide 18: Future Airport Development Plans
Future Airport Development Plans Investment Cost Airport Description Completed Year Additional Capacity (THB Billion) 1. Third Runway • 26 AC/Hr. (Total 94 AC/Hr.) 28.05 2024 Suvarnabhumi 2. East Expansion 8.00 2027 Don Mueang 1. Don Mueang Phase III 36.83 2030 • 10 MAP (Total 40 MAP) 18
Slide 19: Appendix A: Airport Capacity vs. Utilization
Appendix A: Airport Capacity vs. Utilization Aircraft Passengers Cargoes (Flights/Hour) (Million/Year) (Million Metric Tons/Year) Actual Utilization Actual Utilization Actual Utilization Airport Capacity Capacity Capacity FY23 FY24 FY23 FY24 FY23 FY24 BKK 68 65 66 60.0 48.4 60.0 1.700 1.158 1.367 DM
Slide 20: Appendix B: AOT Airports Capacity
Appendix B: AOT Airports Capacity Area Capacity Cargoes Runways Airports Total Aircraft Terminal Passengers (Million (Metres) Area (Flights/ Area (Sq.m.) (Million/Year) Metric (Acres) Hour) Tons/Year) 60 x 3,700 BKK 8,000 563,000 68 60.0 1.700 3 60 x 4,000 60 x 4,000 60 x 3,700 DMK 1,552 220,683 50
Slide 21: Appendix C: Market Share (By Aircraft) at Suvarnabhumi Airport – FY2024
Appendix C: Market Share (By Aircraft) at Suvarnabhumi Airport – FY2024 Top 10 Airlines Top 10 LCCs 1. THAI AIRWAYS INTERNATIONAL 21.56% 1. THAI VIETJET AIR 14.69% 2. THAI VIET JET 10.76% 2. THAI AIR ASIA 7.69% 3. BANGKOK AIRWAYS 9.94% 3. THAI AIRASIA X 5.54% 4. THAI AIR ASIA 2.09% 4. INDIGO AIRLINE
Slide 22: Appendix D: Market Share (By Passenger) at Suvarnabhumi Airport – FY2024
Appendix D: Market Share (By Passenger) at Suvarnabhumi Airport – FY2024 Top 10 Airlines Top 10 LCCs THAI AIRWAYS 1. THAI VIET JET AIR 36.77% 1. INTERNATIONAL 24.25% 2. THAI VIET JET AIR 2. THAI AIRASIA X 9.32% 9.78% 3. BANGKOK AIRWAYS 5.58% 3. THAI AIR ASIA 7.23% 4. EMIRATES AIRLINES 4. TIGER AIRWA
Slide 23: Appendix E: Market Share at Don Mueang International Airport – FY2024
Appendix E: Market Share at Don Mueang International Airport – FY2024 Top 10 Airlines By Aircraft Top 10 Airlines By Passenger 1. THAI AIR ASIA 52.70% 1. THAI AIR ASIA 56.48% 2. THAI LION AIR 16.33% 2. THAI LION AIR 18.15% 3. NOK AIR 13.31% 3. NOK AIR 12.73% 4. AIRASIA BERHAD 2.84% 4. AIRASIA BERHAD
Slide 24: Appendix F: Major LCCs Airlines (6 Airports) - FY2024
Appendix F: Major LCCs Airlines (6 Airports) - FY2024 Domestic (4 Airlines) International (43 Airlines) Nok Air Air Arabia Air Asia Air Premia Thai Air Asia 9 Air AirAsia X CEBU Pacific Air China West Air Eastar Jet Firefly Thai Lion Air Hong Kong Express Greater Bay Airlines IndiGo Airlines Thai Vi
Slide 25: Appendix G: Aircraft Movement Statistics (Q4 FY2024)
Appendix G: Aircraft Movement Statistics (Q4 FY2024) AOT Traffics LCCs Traffics (Unit: Thousand) (Unit: Thousand) 184.18 89.48 94.79 165.01 107.69 90.54 74.47 76.49 37.15 52.33 40.63 54.16 FY Q4 2023 Q4 2024 FY Q4 2023 Q4 2024 International Domestic International Domestic Q4 FY2023 Q4 FY2024 YoY% Q4
Slide 26: Appendix H: Passenger Movement Statistics (Q4 FY2024)
Appendix H: Passenger Movement Statistics (Q4 FY2024) AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 29.15 14.17 15.14 25.67 15.01 10.66 18.07 11.08 5.94 8.23 6.64 8.50 FY Q4 2023 Q4 2024 FY Q4 2023 Q4 2024 International Domestic International Domestic Q4 FY2023 Q4 FY2024 YoY% Q4 FY2023
Airports of Thailand — Investor Presentation (November 2024) on 6ix