Infratil Limited · NZX:IFT
Infratil — Investor Presentation (August 2005)
23 slides from Infratil's investor presentation, August 2005
Slide 1: Kent International Airport (KIA)
Kent International Airport (KIA) August 2005
Slide 2: Overview
Overview Costs: Purchase price of KIA: £17m (+ approx £1m stamp duty and costs) Three year capex requirements: £9m Operating losses to 31 March 2009: £8-10m Total: £35-37m (excl. funding costs & tax grouping benefits with GPA) Key Business Case Assumptions: Three years of gradual business
Slide 3: Background
Background Previously owned by UK listed airport investment & property development company Planestation Group PLC (“PTG”): Placed in administration (similar to receivership) in late July 2005 PTG also owns now-defunct airline, EU Jet: EU Jet was KIA’s main passenger airline customer, commencin
Slide 4: Location
Location KIA is located a few km west of Ramsgate in Kent Close to dual carriageways (A299 then the M2/A2), which link it to London Catchment based on drive time: Within 30 min: 500,000 Within 60 min: 1.9 million Distance to London: 110 km Drive time to the M25 (the London ring road) of ap
Slide 5: Site
Site 5
Slide 6: Physical Assets
Physical Assets Main Airport Property: Ex-Ministry of Defence facility acquired by PTG in 1998 Area: 250 hectares, including: 20 ha inside perimeter fence available for airport related development (esp. additional freight facilities) 46 hectares of developable land (for airport purposes) is
Slide 7: Physical Assets
Physical Assets Passenger Terminal: Size: 2,800 sqm, recently refurbished 6 check-in counters, 3 departure gates and departure lounge seating for 200+ passengers Annual capacity: approx. 700,000 pax Simple layout suitable for incremental expansion Carparking: 12 hectares next to passenger
Slide 8: Physical Assets
Physical Assets Freight Facilities: New Border Inspection Post (3,200 sqm facility) for: Meat & fish (require cool storage and Government veterinary inspection) General freight, fruit & vegetables (for which there are no specific quarantine or inspection requirements) Smaller older style han
Slide 9: Air Freight
Air Freight Air Freight - Favourable factors: Excellent facilities for all types of aircraft and freight Within two hours of central London Within half an hour of Dover and Ramsgate ports (access to Europe) Heathrow & Gatwick are nearing their movement capacity levels and BAA freight through
Slide 10: Air Freight
Air Freight Freight business case: Expected slow build up over the first 3 years: Initially primarily reliant on ad hoc charters Growing the business with scheduled freight services as operators become aware of the opportunities Pricing at a discount to immediate competitors & promoting spee
Slide 11: Passenger Business
Passenger Business Outline Business Plan: Base plan is to grow passenger traffic to a level achievable for local catchment & distance from London & other population centres (700,000 pax per annum from 1 April 2009 cf GPA @ 2.2m pax per annum in 2005) Seek further growth through charters & holida
Slide 12: Passenger Business
Passenger Business Favourable factors (continued): Retail & Carparking: Immediately adjacent new 1,000 space carpark with new equipment and ample land for extension Market will be dominated by outbound holidaymakers to Spain & Italy etc. who will generate strong car parking and food & beverage
Slide 13: Passenger Business
Passenger Business Passenger - Risks: Other London airports offer greater passenger choice for both business and leisure destinations Not an iconic inbound destination No obvious major or “dense” routes. London traffic will drive or train Competition on outbound with Eurostar and Channel fer
Slide 14: Asset Condition
Asset Condition Generally, assets are in good to very good condition reflecting recent spending by PTG : Taxiways and apron £9 million Border Inspection Post £3.8 million Carparking land and development £4 million Upgraded passenger terminal, new perimeter fencing Appropriate allowances
Slide 15: Kent International Airport looking East
Kent International Airport looking East 15
Slide 16: Passenger Terminal
Passenger Terminal 16
Slide 17: Passenger Terminal
Infratil Passenger Terminal 17
Slide 18: Passenger Terminal
Passenger Terminal = Infratil ox | =: | |Telephones Checkin ‘(Information'CafeBar |W 18
Slide 19: Passenger Terminal and Apron Area, Jet Connect Hangar
Passenger Terminal and Apron Area in background, “Jet Connect” Hangar in Foreground 19
Slide 20: Border Inspection Post, General Freight Hangar
Border Inspection Post (centre) General Freight Hangar (right) 20
Slide 21: Passenger Terminal Carparking
Passenger Terminal Carparking 21
Slide 22: Inside Border Inspection Post
Inside Border Inspection Post 22
Slide 23: www.infratil.com
infratil www.infratil.com 23