Auckland International Airport Limited · NZX:AIA
Auckland International Airport — Non-Deal Roadshow (May 2012)
24 slides from Auckland International Airport's roadshow presentation, May 28, 2012
Slide 1: Auckland Airport Retail investor roadshow
Slide 2: Simon Lies, Chief Financial Officer
1 Simon Lies Chief Financial Officer
Slide 3: Auckland Airport is a great airport asset
Auckland Airport is a great airport asset =——") The attributes of Auckland Airport provide International passengers (millions) investors with a strong investment proposition: oe ¢« Only commercial airport in New Zealand’s 10.00 - largest city 8.00 - . 6.00 - « No curfew, operating 24 hours a day aa
Slide 4: ... With a significant land bank
... With a significant land bank Auckland Airport owns over 1,500 hectares of freehold land The land holding ensures there are no constraints on the airport’s long term growth, as well as providing opportunities for growth from rental income stream Auckland Airport
Slide 5: ... and world class EBITDA margins
... and world class EBITDA margins ———i Auckland Airport has consistently shown we are world-class at delivering revenue growth to bottom-line performance EBITDA as a percentage of turnover - Non-European 90.0% airports Source: LeighFisher Management Consultants Airport Performance Indicators 2011 R
Slide 6: The business is robust
The business is robust le The business has proven its resilience during times of stress in global economies or during times of external negative events. Total passengers (including transits) 16 Christchurch Sub Prime Crisis Earthquake and Global a Avian Flu Recession > Outbreak 2 SARS Outbreak Septe
Slide 7: ... With a clear vision for the future
... With a clear vision for the future OUR OUR VISION PURPOSE To be recognised We're determined to as a world leader play our part in in creating value growing travel, trade from modern and tourism for the airports. WELCOMING markets we serve. OUR STRATEGY Build relationships that work for everyone.
Slide 8: Our strategy is having success
Our strategy is having success In March 2009 Auckland Airport launched its “Flight path for Growth” which has evolved over time Today we are a different company to 3 years ago: « We have ownership interests in four airports Partner to Build (Auckland, Cairns, Mackay, Queenstown) gateate cena growth
Slide 9: Ambition 2020 highlights our travel, trade and tourism goals
Ambition 2020 highlights our travel, trade and _ tourism goals In May 2012, Auckland Airport announced “Ambition 2020” — an initiative to accelerate growth in volume and value generated from international visitors Potential to grow New Zealand’s international visitor arrivals to over 3.5 million by
Slide 10: Long Horizon View of Growth Potential
400,000 350,000 300,000 + 250,000 - 200,000 150,000 100,000 - 50,000 - 0 Long Horizon View of Growth Potential Asia, particularly China, shows the highest potential for both visitor growth and added value to New Zealand, Auckland Airport and our shareholders. By 2020, it is estimated visitor arrival
Slide 11: Aero development remains focused on key growth markets
As Aero development remains focused on key growth markets Aero development team remains focused on Asia, Australia, and the Americas in building sustainable route development to destinations within one-flight Challenging operating conditions for airlines means it is essential for Auckland Airport to
Slide 12: Strong passenger growth in all airports
Strong passenger growth in all airports | 10 months to 10 months to a enarige 30 April 2012 30 April 2011 e 9 Auckland International Airport International passengers (including transits) 6,651,228 6,308,184 5.4% Domestic passengers 5,238,819 5,128,399 2.2% Total passenger movements 11,890,047 11,436
Slide 13: Retail sales growth continues post refurbishment
Retail sales growth continues post refurbishment International terminal development Passenger retail spend growth (excluding FX) boosting retail revenue in all areas: °” ¢ Duty Free (arrivals and departures) “_ * Food and Beverage (outlets a before and after security) e Specialty stores Jani1 Feb11.
Slide 14: Car park yield management delivers results
Car park yield management delivers results Total Revenue by Channel Proximate short-term Multi-level car park with © Opened December 2008 - and long-term parking direct connectivity into 20 options terminal Covered and uncovered Covered and uncovered Prominent location, 24/7 $ Millions parking parki
Slide 15: Property development strong in a slow market
Property development strong in a slow market Over 1,500 hectares of freehold land with over 440 hectares available for commercial development. Aspirational targetis to grow property segment revenues from $30m FY09 base to rent roll of $50m by FY14. Property segment revenues up $1.8m (+10.0%) in the
Slide 16: 'Smart Airport' business emerging
‘Smart Airport’ business emerging New customisation and collaboration ‘smart’ technologies rapidly emerging, alongside new consumer behaviours — which is changing the nature of airport travel Airport self-processing technologies such as SmartGate already providing significant time-savings and effici
Slide 17: Path towards a smarter airport to lift the domestic passenger experience
Path towards a smarter airport to lift the domestic passenger experience Growing demand serviced by larger A320 aircraft and faster passenger processing capabilities mean the existing domestic terminal is reaching the end of its useful life. We have been engaging with the main domestic operators to
Slide 18: Supportive regulatory environment
Supportive regulatory environment Airport regulatory regime in New Zealand is dual-till with information disclosure ¢« Aeronautical till: subject to limited competition and therefore regulated ¢ Non-aeronautical till: subject to open market competitive forces — not part of regulatory regime No price
Slide 19: Price consultation with airlines near completion
Price consultation with airlines near completion — 5 year price path Auckland Airport commenced confidential aeronautical pricing consultation under the Airport Authorities Act in August 2011. Pricing consultation covers landing charges, passenger service charges and terminal service charges for a f
Slide 20: Partnering with NQA continues to grow
Partnering with NQA continues to grow EBITDA 6 months to 6 months to sesh Aad 31Dec 2011] 31 Dec 2010 Passenger Movements (million) International - Cairns (ex transits) 0.424 0.397 6.7 Domestic - Cairns & Mackay 2.301 2.265 1.6 Total revenue 57.3 53.4 74 Expenses 19.8 2A (6.1) EBITDAFI 37.5 32.3 16.
Slide 21: Partnering with Queenstown delivers international growth
Partnering with Queenstown delivers international growth ———— & : 6 months to 6 months to Queenstown Airport Performance 31 Dec 2011 31 Dec 2010 Passenger Movements International 118,840 91,371 30.1 Domestic 399,070 384,213 3.9 Revenue 8.5 Ue 9.9 EBITDAFI 6.2 5.9 4.9 Profit after taxation 2.8 3.0 (5
Slide 22: Growth strategy driving results for shareholders
Growth strategy driving results for shareholders Gross returns - local currency JukOg Oct-og Jan-10 Aprio Juk10 Oct-10 Janet Apr-11 Jub 1 Ock11 Jan-12 Apri? me AIA ——NZ506 mr ASX 20041 Share Price Share Price Total shareholder 1 July 2009 to 30 June 2010 1.61 1.87 0.082 0.342 21.2% 1 July 2010 to 30
Slide 23: Looking ahead
Looking ahead =) We believe we provide a low risk exposure to the Asian growth story Ownership position in four airports all with considerable long-term upside potential Quality execution of business strategies across the group will provide further opportunities for long term growth for shareholders
Slide 24: Questions?
Auckland International Airport — Non-Deal Roadshow (May 2012) on 6ix