Infratil Limited · NZX:IFT
Infratil — Investor Day (February 2008)
12 slides from Infratil's investor day presentation, February 2008
Slide 1: Infratil Airports
Infratil Airports February 2008
Slide 2: Infratil Airports – today's highlights
Infratil Airports – today’s highlights ¾ 30% domestic passenger growth at Wellington in Jan ¾ New cargo airline at Glasgow Prestwick ¾ Kent Freight grew 32% in Jan ¾ Lübeck planning submitted ¾ Iconic new terminal design for New Zealand Page 2
Slide 3: Why Airports?
Why Airports? Strong long term growth rates predicted in airline travel Increasing wealth Increasing mobility Globalisation Ageing population Boeing and Airbus orders indicate airline capacity will expand to meet demand Airport infrastructure remains insufficient to accommodate growth
Slide 4: Wellington Airport Key Issues
Presentation to XXXX Wellington Airport Key Issues Growth – Domestic Long Haul Services Growth – Regional Strong commercial performance Growth – International A long term plan and ability to invest
Slide 5: Growth Domestic
Presentation to XXXX Growth Domestic Annual Domestic Passengers (m) Monthly Total Passengers - Wellington 4.5 460,000 2.8%pa. 440,000 4.0 420,000 400,000 2005 3.5 2006 380,000 2007 3.0 360,000 2008 340,000 2.5 320,000 300,000 2.0 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 93 95 97 99 01 '03 '05
Slide 6: Growth Regional and International
Presentation to XXXX Growth Regional and International Competition is key – drives capacity, price and quality Threat of regional competition has invoked response Virgin rolling out new Embraer regional Jets in Australia Trans-tasman also experiencing very high load factors Aircraft availa
Slide 7: Growth Long Haul
Presentation to XXXX Growth Long Haul It will happen! No technical or operational constraints Services to an Asian hub will attract Asian and European traffic Wellington demographic will readily sustain a profitable daily service Delay in delivery of first B787s does not impact viability
Slide 8: Commercial Strong performance improvements
Presentation to XXXX Commercial Strong performance improvements Strong performance over last three years – increasing revenue without material volume growth Program of new tenancies and contract review nearing completion Strong results achieved across all major categories In 2008, new ‘News
Slide 9: Development 'Our Rock'
Presentation to XXXX Development ‘Our Rock’ Increased capacity from 500 to 1000 passengers per hour Two additional gates and more floorspace of higher quality Not just building - new gate capacity is already being used by Pacific Blue for domestic services Additional development of car park
Slide 10: Key Opportunities
Key Opportunities Plateau in passenger growth due to tightening yield requirements We value existing capacity above marginal cost There is growing demand Airlines currently effectively tendering new capacity – short term focus on bases in Italy, Spain, Portugal and East Wizz continuing to
Slide 11: Key Opportunities
Key Opportunities Freight growth – new higher levels each year Schedules remaining solid – working with customers to soften seasonal downturn Border Inspection Post being marketed Passenger prospects are robust – but rely on aircraft availability and strategic fit Determined not to sell ca
Slide 12: Key Issues and Opportunities
Presentation to Click to edit Master subtitle style Key Issues and Opportunities Planning is critical to confidence – more than capability Very thorough application submitted Full consultation with recognised environmental parties Government commitment to a 12 month timeframe We are not si