Aeroports De Paris · EURONEXT:ADP
Aeroports De Paris — Investor Day (June 2012)
84 slides from Aeroports De Paris's investor day presentation, Jun 27, 2012
Slide 1: Investor Day 27 June 2012
Investor Day yyy 27 June 2012 AEROPORTS DE PARIS
Slide 2: 2012, an important year in ADP's history
2012, an important year in ADP's history The reconfiguration of Paris-Charles de Gaulle hub is now completed: a major leapfrog in terms of quality of service and operational effectiveness will be reached A change of scale in retail is achieved thanks to 2 new outstanding retail areas and the deepeni
Slide 3: Updated targets for 2015
Updated targets for 2015 In an uncertain economic environment, the Group is updating its targets for 2015 : The ROCE of the regulated perimeter is now expected to be between 4.5% and 5.0% (1) The Sales / pax ambition is lifted to €19 (2) The EBITDA growth is maintained: +40% vs 2009 1) 5.4% previous
Slide 4: 2012, an important milestone for the hub of CDG
2012, an important milestone for the hub of CDG Franck GOLDNADEL - Managing Director of CDG
Slide 5: Overview of Paris-Charles de Gaulle airport; Major changes for the hub in 2012
Classement des aéroports par nombre de passagers Overview of Paris-Charles de Gaulle ' airport Major changes for the hub in 2012 2012 Investor Day│ 4 Résultats semestriels 2009 │ 4
Slide 6: Paris-Charles de Gaulle is the 7th airport in the world
Classement des aéroports par th nombre de passagers Paris-Charles de Gaulle is the 7 airport in the world Passenger traffic is back to pre-crisis A key player in the industry levels but ATMs are lagging behind # Passengers (m) in 2011 11/10 1 Atlanta 92 +3,4% 61 61 600 2 Beijing-Capital 77 +4,7% 59
Slide 7: 43% of traffic is intercontinental
43% of traffic is intercontinental Total traffic 2011: 61 Mpax ; +5.1% Connecting rate: 30.7% (+0.5 pt) + France 2.4m pax from High Speed train Europe (TGV) 8.6% North America 48.5% +6.2% +6.9% 13.8% +5.9% Asia / Pacific French overseas 9.2% territories Middle East +6.3% 0.6% 6.1% -10,2% -5.6% Latin
Slide 8: A hub organized in waves
A hub organized in 6 "waves" Movements Departure traffic 80 60 40 20 0 0:00 1:00 2:00 3:00 4:00 5:00 6:00 7:00 8:00 9:00 10:00 11:00 12:00 13:00 14:00 15:00 16:00 17:00 18:00 19:00 20:00 21:00 22:00 23:00 Arrival traffic Movements 80 60 40 20 0 0:00 1:00 2:00 3:00 4:00 5:00 6:00 7:00 8:00 9:00 10:00
Slide 9: Each alliance has its own identified area
Each alliance has its own identified area 11% T1 T3 63% TGV Station 2B 2D 2F S3 2A 2C 2E 2G 4% Note: % of total traffic in 2011 – Others (LCCs, charter, non-allianced airlines) = 22% 2012 Investor Day│ 8 Résultats semestriels 2009 │ 8
Slide 10: Paris-Charles de Gaulle has enough capacity to meet future traffic demand
Paris-Charles de Gaulle has enough capacity to meet future traffic demand A unique system of runways with no 80 million passengers capacity in 2012 constraint In m pax 2 independent systems of parallel runways: 90 – Current capacity of 116 ATM/h – Gradually increased in the future 80 Collaborative D
Slide 11: Freight and mail: the other hub system
Classement des aéroports par nombre de passagers Freight and mail: the other hub system 6th biggest freight platform A virtuous cycle # In m of tons 2011 / 2010 CDG is the European hub of FEDEX Complementary roles of AF-KLM and 1 Hong Kong 3,9 -4,6% FEDEX hubs: >50% of freight is carried by 2 Memphi
Slide 12: Major changes for the hub in 2012
Classement des aéroports par nombre de passagers Overview of Paris-Charles de Gaulle airport Major changes for the hub in 2012 2012 Investor Day│ 11 Résultats semestriels 2009 │ 11
Slide 13: 2012 is a key milestone for the reconfiguration of CDG
2012 is a key milestone for the reconfiguration of CDG Major evolution of infrastructures… A/C Junction Satellite 4 The single security control (“IFU”) …supported by operational process excellence Improvement of internal operating systems and customer processes Optimisation of airline allocation wit
Slide 14: A major leapfrog in the quality of the infrastructures
A major leapfrog in the quality of the infrastructures 2 major projects delivered in 2012 A/C Junction: improvement of operations Satellite 4: reconfiguration of the hub A unique entry point for terminals A and C Easier connections Pooling of security and Border Police checkpoints Operational gains
Slide 15: A/C Junction
A/C Junction 2012 Investor Day│ 14 Résultats semestriels 2009 │ 14
Slide 16: The 1st level: border and security controls optimised
The 1st level: border and security controls optimised Check-in area Border Police Controls Security Controls 2012 Investor Day│ 15 Résultats semestriels 2009 │ 15
Slide 17: The 2nd level: an outstanding retail area
The 2nd level: an outstanding retail area 2012 Investor Day│ 16 Résultats semestriels 2009 │ 16
Slide 18: Satellite 4: the most amazing boarding lounge in Europe
Satellite 4: the most amazing boarding lounge in Europe Capacity of 7,8m Pax 6,000 sqm of shops and B&R 16 contact stands 120,000 sqm 3,200 sqm of lounges for wide body aircrafts 2012 Investor Day│ 17 Résultats semestriels 2009 │ 17
Slide 19: Satellite 4 is one piece of the final extension of 2E terminal
Satellite 4 is one piece of the final extension of 2E terminal Satellite 4 is one part of the 2E complex machinery including: Baggage handling system Car parks Passenger services between the main terminal building (check-in, border, connections,…) and all the gates concourses Passenger services on a
Slide 20: The single security control (IFU)
The single security control ("IFU") "Enabling passengers arriving from, or transiting via, the Schengen zone for connections on Int’l flights to proceed directly to their departure gate zones without having to resubmit to a new security check" Schengen Schengen Schengen International International I
Slide 21: The single security control (IFU)
The single security control ("IFU") No more additional security checks for connecting Clearer, more rapid passenger coming and simplified from Schengen area processes for Passenger able to Creation of airlines / passengers shop more dedicated transit Rationalization of Improvement of passenger flows
Slide 22: Optimisation of airline allocation: a step by step strategy
Optimisation of airline allocation: a step by step strategy 35 airlines will be concerned by the change of allocation Tailored organization to agree on schedule with all stakeholders taking into account The opening and closing dates of different facilities Specific needs of airlines and their partne
Slide 23: Optimisation of airline allocation: changes in 2012
Optimisation of airline allocation: changes in 2012 All Air France, CSA & Air Air India, MEA & Europa flights KENYA from 2F from 2D to 2F to 2C 3 2bis All Air France flights from 2C to 2E 1 1 2F becomes all Schengen October 2012 Aeroflot from 1bis 2E to 2C 2 Air France, Air Satellite S4 28 Mauritius
Slide 24: Optimisation of airline allocation: snapshot at the end of 2012
Optimisation of airline allocation: snapshot at the end of 2012 T1 T3 Schengen 2B 2D 2F S3 S4 2A 2C 2E 2G 2012 Investor Day│ 23 Résultats semestriels 2009 │ 23
Slide 25: What's next?
What's next? CDG has now enough capacity to refurbish terminal 2B: Step 1 (Q4 2012 to Q1 2013): – 2D: Schengen / International configuration – Transfer of easyJet from 2B to 2D Step 2 (Q1 2013 to beginning of ERA 3): complete refurbishment in order to: – Increase the quality of service – Improve ter
Slide 26: Optimizing Airport Retail
Optimizing Airport Retail Mathieu DAUBERT - Retail Director
Slide 27: Our ambition: To become the referent for Travel Retail in Europe
Our ambition : To become the referent for Travel Retail in Europe While offering the Last Parisian shopping experience A unique positioning: “Paris, capitale de la Creation”, based on 3 key lines : Perfume & Cosmetics, ' Luxury Fashion & Accessories, Gastronomy A new and optimized retail layout, and
Slide 28: A unique positioning "Paris, capitale de la création"
A unique positioning "Paris, capitale de la création" Iconic French brands on 3 product categories are our main asset Strong Focus Iconic Brands as our In addition, 3 exclusive on 3 key lines main asset Parisian concepts Perfume & Cosmetics A conquest of all the iconic The "Buy Paris Duty Free Luxur
Slide 29: "Buy Paris Duty Free": The new Parisian Department Store
A unique positioning "Paris, capitale de la création" "Buy Paris Duty Free": The new Parisian Department Store A partnership with SDA The concept: re-create the interior design of a Parisian department store, dedicated to Perfume & Cosmetics and French Art de Vivre. A pilot opened in March 2012 at t
Slide 30: Luxury Gastronomy: An intensive development programme
A unique positioning "Paris, capitale de la création" Luxury Gastronomy: An intensive development programme An intensive development of Luxury An additional creation of value above Gastronomy up to 20 shops mid-2012 multibrand Confectionary & Fine food Sales/pax in Confectionary & Fine Food Base 100
Slide 31: Luxury Fashion & Accessories: An enriching portfolio
A unique positioning "Paris, capitale de la création" Luxury Fashion & Accessories: An enriching portfolio An enriching portfolio from 6 star An intensive development which drives brands in 2006 to 20 in 2012 the fashion sales/pax growth Number of Luxury Monobrand shops 50 40 30 20 10 0 2006 2007 20
Slide 32: "Buy Paris Collection": A new concept of multibrand fashion
A unique positioning "Paris, capitale de la création" "Buy Paris Collection": A new concept of multibrand fashion A partnership with SDA A pilot opened in February 2012, and second shop at the Satellite 4 Positioning: Mix Man / Woman + Mid to high range brands Focus on top French designers : Zadig &
Slide 33: "Air de Paris": A new and exclusive concept of Paris Souvenirs
A unique positioning "Paris, capitale de la création" "Air de Paris": A new and exclusive concept of Paris Souvenirs High potential market (90% leisure A partnership with Relay@ADP Significant additional value to our tourists bring back at least one A pilot shop opened in 2011 sales souvenir from Pa
Slide 34: Advertising: A new offer creating synergies with our positioning
A unique positioning “Paris, capitale de la création” Advertising: A new offer creating synergies with our positioning A new offer putting emphasis on A new offer creating synergies with digital technology and design quality our positioning A partnership with our new joint venture, Media Aéroports d
Slide 35: A new and optimized retail layout, and an ambitious design
A new and optimized retail layout, and an ambitious design A new Model of Layout Last Security check / Border Minute CENTRAL Boarding SQUARE WALKTHROUGH Breathing LUXURY area Beauty & Arts de Central space with AREA* vivre Department sitting, bars & restaurants, Store services, and with Last all sho
Slide 36: Last openings: Orly Ouest, December 2011
Last openings: Orly Ouest, December 2011 The "Petite Madeleine": 5 units dedicated to Paris Art de vivre Concept : gourmet food invades the terminal, like a Concourse 2 "Petite Madeleine" square, at the centre-piece of the (« La Navette ») terminal 5 gourmet food shops & restaurants, bringing togeth
Slide 37: Last openings: Orly Ouest, December 2011
Last openings: Orly Ouest, December 2011 The "Petite Madeleine": 5 units dedicated to Paris Art de vivre 2012 Investor Day│ 36 Résultats semestriels 2009 │ 36
Slide 38: Paris-Charles de Gaulle openings
Paris-Charles de Gaulle openings The A/C Junction The Satellite 4 of the Terminal 2E 2012 Investor Day│ 37 Résultats semestriels 2009 │ 37
Slide 39: Last openings: The A/C Junction, March 2012
Last openings: The A/C Junction, March 2012 General overview Opened March 2012 New building joining Terminals 2A + 2C Immigration + Security on the ground floor Retail on the first floor 2012 Investor Day│ 38 Résultats semestriels 2009 │ 38
Slide 40: Last openings: The A/C Junction, March 2012
Last openings: The A/C Junction, March 2012 Retail Layout Concept: to offer a last Parisian shopping experience through two iconic moments of the Parisian life : To Terminal 2A To Terminal 2C The Department store (1,300 Boarding gates The Avenue Boarding gates sqm) : the traditional Parisian departm
Slide 41: Last openings: The A/C Junction, March 2012
Last openings: The A/C Junction, March 2012 The Department Store "Buy Paris Duty Free": 1,300 sqm as a walkthrough 2012 Investor Day│ 40 Résultats semestriels 2009 │ 40
Slide 42: Last openings: The A/C Junction, March 2012
Last openings: The A/C Junction, March 2012 The Avenue: 12 Boutiques and 2 Prunier & Caviar House Seafood Bars 2012 Investor Day│ 41 Résultats semestriels 2009 │ 41
Slide 43: Next opening: Satellite 4, June 2012
Next opening: Satellite 4, 28 June 2012 General overview Opening 28 June 2012 7.8 M passenger capacity Dedicated to Skyteam long haul flights 2012 Investor Day│ 42 Résultats semestriels 2009 │ 42
Slide 44: Next opening: Satellite 4, June 2012
Next opening: Satellite 4, 28 June 2012 Space planning Concept: to offer a last Parisian shopping experience through three iconic moments of the The Department store Parisian life: The Department store (2,200 sqm): the traditional Parisian department store dedicated to Perfume & Cosmetics and French
Slide 45: Next opening: Satellite 4, June 2012
Next opening: Satellite 4, 28 June 2012 The Parisian Square: a Central Living zone 2012 Investor Day│ 44 Résultats semestriels 2009 │ 44
Slide 46: Next opening: Satellite 4, June 2012
Next opening: Satellite 4, 28 June 2012 The Avenue: 15 Boutiques, 2 restaurants, a Spa and a Museum Espace Musées 2012 Investor Day│ 45 Résultats semestriels 2009 │ 45
Slide 47: A very intensive implementation since October 2010
A very intensive implementation since October 2010 Main achievements 101 new shops and Bars & Restaurants 33 Fashion & Accessories shops 22 Beauty and Arts de Vivre shops 13 Press & Books & Souvenirs shops 33 Bars & Restaurants 16,400 sqm of additional or refurbished space 12 new Brands in our portf
Slide 48: Our ambition: To become the referent for Travel Retail in Europe
Our ambition : To become the referent for Travel Retail in Europe While offering the Last Parisian shopping experience A unique positioning: “Paris, capitale de la Creation”, based on 3 key lines : Perfume & Cosmetics, Luxury Fashion & Accessories, Gastronomy A new and optimized retail layout, and a
Slide 49: Retail revenues driven by high potential nationalities
Retail revenues driven by high potential nationalities The importance of the BRICs, and specifically China and Russia Russia €78.0 x 5.2 S. Korea-Japan USA €47.6 x 3.2 €18.0 x 1.2 China €86.5 x 5.7 Brazil €33.6 x 2.2 In 2011, BRIC destinations represented 4.3% of traffic Sales/pax 2011 16.5% of sale
Slide 50: Retail revenues driven by high potential nationalities
Retail revenues driven by high potential nationalities A unique advantage: a very strong Downtown market Paris, 1st tourist destination worldwide, A hard competition between Downtown and and Europe capital of shopping Airport Retail Paris, by far the Top touristic destination for shopping in The Dep
Slide 51: A hard competition between Downtown and Airport Retail
A hard competition between Downtown and Airport Retail B to B and B to C communication to conquer market shares vs Downtown A tourist oriented message Targeted and recurrent communication A commitment: "Visit Paris at your ease and do your Communication targeted towards most contributive shopping at
Slide 52: Our ambition: To become the referent for Travel Retail in Europe
Our ambition : To become the referent for Travel Retail in Europe While offering the Last Parisian shopping experience A unique positioning: “Paris, capitale de la Creation”, based on 3 key lines : Perfume & Cosmetics, Luxury Fashion & Accessories, Gastronomy A new and optimized retail layout, and a
Slide 53: A constant optimisation of the Business Model
A constant optimisation of the Business Model SHOPS AND ADVERTISING BARS & RESTAURANTS JVs on strategic activities Competition within operators A 50/50 JV with the best operator in the sector Only on leader franchises A joint governance A strong incentive to deliver quality + Specialized multibrand
Slide 54: 26,800 sqm managed by our Joint Ventures
26,800 sqm managed by our Joint Ventures Advertising Media Aéroports de Press & book, Souvenir Core Business & Paris Relay@ADP Fashion SDA 50/50 partnership with JC 50/50 partnership with 50/50 partnership with Aelia Decaux Lagardère Services (Lagardère Services) Larger and more qualitative New and
Slide 55: More ambitious targets for 2015 in sales / pax
More ambitious targets for 2015 in sales / pax Increase in duty free area by 35%, in line with the 2010 forecast despite the new 19,0€ in 2015: a more ambitious target for timing of the 2B project sales/pax compared to 2010 guidance In ‘000 of sqm* 2009-2015 Sales / Pax** (€) 2009-2015 58,8 +18% 19,
Slide 56: Aéroports de Paris Investor Day
Aéroports de Paris Investor Day 27 June 2012 September 2011
Slide 57: Turkey has strong economic fundamentals
Turkey has strong economic fundamentals Turkey has a very young population Turkish Macroeconomic Indicators GDP per Capita ('000 USD PPP) Real GDP Growth 25% 25% 20 12 23% 18 10 16 8 14 16% 6 12 4 10 2 8 8% 0 6 4 -2 3% 2 -4 0 -6 0-14 15-29 30-44 45-59 60-74 75-90+ 2nd largest country in Europe in te
Slide 58: Turkey – Fastest Growing Aviation Market in Europe
Turkey – Fastest Growing Aviation Market in Europe The resilient Turkish aviation market is set to continue to grow rapidly in the next few years Comments Propensity to Fly The Turkish aviation market has historically showed strong growth and resilience Passenger Number Penetration is still low (pro
Slide 59: Air Traffic
Tepe Akfen Air Traffic Airports
Slide 60: Demographic Destinies
Tepe Akien Airports Demographic Destinies 2 billion more people in 40 years — pemograplce is Driving Economics Source : United Nations
Slide 61: Image Film of TAV Group
Image Film of TAV Group Airports 67
Slide 62: TAV Group Structure
TAV Group Structure TAV Airports Holding TAV Construction Airport Service Qatar – Companies Companies Doha Atatürk Airport ATÜ (100%) (50%) Oman - Esenboga Muscat Airport BTA (100%) (67%) A Menderes Libya - Airport HAVAŞ Tripoli (100%) (65%) Gazipaşa TGS Airport Turkey - (50%) (100%) Đzmir HAVAŞ Mad
Slide 63: TAV Airports Overview
TAV Airports Overview Food and Ground Airports Duty Free Others Beverage Handling Turkey ATÜ (50%) BTA (67%) HAVAŞ (65%) O&M, IT and Security Istanbul Ataturk Airport (100%), Operating in Turkey, Major ground handler in TAV O&M (100%): Largest duty free operator in Turkey Georgia, Macedonia, Turkey
Slide 64: Strong Growing Presence in the Broader Region
Strong Growing Presence in the Broader Region TAV is the leading airport operator in the region (41% market share(*) in Turkey) and its airports/terminals handling 53m passengers in 2011 Asset overview / catchment area No.1 Airport operator in Turkey TAV operates in Turkey’s 3 largest cities Batumi
Slide 65: Concession Overview
Concession Overview 2011 Volume Airport Type/Expire TAV Stake Scope Pax(mppa) fee/pax Int'l fee/pax dom. Guarantee Concession Fee Net Debt (1) Lease US$15 $140m/yr + Istanbul Ataturk 100% Terminal 37.5 €3 No €186m (Jan. 2021) € 2.5 (Transfer) VAT BOT 0,6 M. Dom. , Ankara Esenboga 100% Terminal 8.5 €
Slide 66: Aeroports de Paris acquired 38% of TAV Airports
Aeroports de Paris acquired 38% of TAV Airports ADP acquired 38% of TAV Havalimanlari Holding: total consideration of USD 874mm (TRL 11.3 per share) Senior management team of TAV to remain in place and committed to the business post-transaction and reinforced by a new member from ADP as Deputy CEO B
Slide 67: TAV Traffic Performance
TAV Traffic Performance May January-May Passengers (1) 2011 2012 Chg % 2011 2012 Chg % 2010 FY 2011 FY Chg % Ataturk Airport 3.148.869 3.787.486 20% 13.605.835 16.525.104 21% 32.143.819 37.452.187 17% International Domestic 2.011.751 1.137.118 2.516.954 1.270.532 25% 8.656.646 10.859.636 12% 4.949.1
Slide 68: Financial Overview
Financial Overview (in mn €, unless stated otherwise)* 1Q 2012 ∆ y-o-y 2011 ∆ y-o-y Revenues 211.3 19% 881.1 12% EBITDA 46.8 33% 257.1 21% EBITDA margin (%) 22.2% 2.4 ppt 29.2% 2.2 ppt EBITDAR 79.4 19% 386.6 13% Net Income 12.0 n.m. 52.8 6% Cash flow from operations (56) n.m. 355 6% Capex (5) n.m. (
Slide 69: Growth Rates of TAV Airports in 6 years
Growth Rates of TAV Airports in 6 years Passenger EBITDA CAGR (2006-11) CAGR (2006-11) 53 55% 18% 257 48 41 42 212 167 30 141 23 77 29 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 Number of Employees Revenue CAGR (2006-11) CAGR (2006-11) 19 838 881 19% 17 535 17% 785 627 640 508 11 28
Slide 70: New Project Wins
New Project Wins Izmir and Medinah tenders BTA recent win: IDO BTA awarded F&B operations of Đstanbul Deniz Otobüsleri AS (IDO, IZMIR MEDINAH with c50m pax) and formed a 50-50 JV with TASS (operator of IDO) Izmir Airport International Prince Mohammed Bin Abdulaziz Operations Terminal, CIP, Domestic
Slide 71: Appendix
Appendix
Slide 72: Investment Highlights
Investment Highlights Turkey is the fastest growing aviation market in Europe Passenger growth of 15% p.a. during 2002-2011 Attractive market with strong growth prospects Projected passenger growth of 11% p.a. during 2009-2023(1) Access to fast growing MENA region Istanbul is the most efficient hub
Slide 73: Growth of the Turkish Aviation Market
Growth of the Turkish Aviation Market Pax, Mn. Domestic Intl'l total Number of Aircraft in Turkey 349 332 118 299 CAGR (2002-11) 103 259 270 86 240 250 15% 79 202 65 70 162 57 45 58 59 110 34 34 51 53 38 44 41 44 36 36 31 31 34 32 25 25 9 9 14 21 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 200
Slide 74: Tourism: Turkey #7
Tourism Tourist Arrivals increased by 10% in 2011 International Tourist Arrivals by Country + 10% Turkey # 7 Countries 2011 2010 Chg 2009 Countries 2000 2005 2006 2007 2008 2009 2010 10/09 Germany 4,8 4,4 10% 4,5 1-France 77,2 75 77,9 80,9 79,2 76,8 76,8 0 Russia 3,5 3,1 12% 2,7 2-USA 51,2 49,2 51 5
Slide 75: TAV vs Other Airport Operators
TAV vs Other Airport Operators TAV Airports Counterparts No state stake Active state participation SHAREHOLDER STRUCTURE No foreign ownership limit Foreign ownership limits Integrated business model with service Active mainly in airport/terminal companies active in every step of the management with
Slide 76: Revenue sources
Revenue sources Aeronautical Charges Non-aeronautical Charges Passenger Fee Ground Handling Landing Parking Fuel Duty Free F&B Car Park Istanbul X X X X X Esenboga X X X X X Turkey Izmir X X X X X Gazipasa X X X X X X X X Enfidha X X X X X X X X Tunisia Monastir X X X X X X X X Tbilisi X X X X X X X
Slide 77: Earnings Visibility
Earnings Visibility AERONAUTICAL NON-AERONAUTICAL Agreed passenger service charge of airports / terminals depending on project Duty Free available to all international Landside Ankara and Izmir have revenue guarantees (fixed inbound and outbound passengers PSC and volume growth p.a.) Check-in counte
Slide 78: Revenue & EBITDA & OPEX
Revenue & EBITDA & OPEX Revenue EBITDA OPEX Istanbul Other Airports ATU Personnel Concession Rent Other Duty-free Aviation Ground-handling F&B Other Duty-free D&A Services Rendered BTA HAVAŞ Other Services Catering 3% 3% 13% 12% 7% 16% 18% 9% 2% 3% 9% 7% 9% 6% 8% 6% 10% 11% 22% 19% 24% 27% 16% 15% 2
Slide 79: FX Exposure of Operations (2011)
FX Exposure of Operations (2011) Revenues (1) Opex (1) (2) Other; €53m Other; €56m 5% USD; 6% USD; €164m €149m 16% 17% TL; 33% €349m €1,050m TL; €858m 43% EUR; EUR; 33% 46% €372m €481m €284m Concession Rent Expense Gross Debt €7m €36m EUR; €18m USD; 5% TL; 3% 1% €129m €1,238m USD; 95% EUR; €123m 96%
Slide 80: Share Performance (as of June 19, 2012)
Share Performance (as of June 19, 2012) Market Cap (USD) Closing Price 1,4 Relative Price ($) 8 1.85bn 9.22 1,3 7 1,2 1,1 6 1,0 5 0,9 Free Float Avg. DailyVol.* (USD) 4 44% 0,8 4mn 3 0,7 0,6 2 0,5 1 0,4 0,3 0 Effective Free Float 40% 31-05-07 23-08-07 20-11-07 15-02-08 12-05-08 05-08-08 03-11-08 02-
Slide 81: Macro Outlook
Macro Outlook 2010 2011 2012 2013 2014 2015 2016 2017 Estimates Start After CAGR 2012-2017 Georgia Real GDP Growth (%) 6,3 7,0 6,0 5,5 5,5 5,5 5,5 5,5 2010 nm GDP, current prices (US $, billion) 11,6 14,3 16,0 17,3 18,5 20,2 22,3 24,7 2010 9,1% GDP per capita, current prices (US $) 2.623 3.210 3.597
Slide 82: Contact
Contact About TAV Airports As the leading airport operator in Turkey, TAV Airports operates 12 airports: Istanbul Atatürk, Ankara Esenboga, Izmir Adnan Menderes and Antalya Gazipasa Airports in Turkey, as well as Tbilisi and Batumi Airports in Georgia, Monastir and Enfidha - Hammamet Airports in Tun
Slide 83: Disclaimer
Disclaimer This presentation does not constitute an offer to sell or the solicitation of an offer to buy or acquire any shares of TAV Havalimanlari Holding A.Ş. (the "Company") in any jurisdiction or an inducement to enter into investment activity. No information set out in this document or referred
Slide 84: Disclaimer
Disclamer Forward-looking disclosures are included in this presentation. These forward-looking disclosures are based on data, assumptions and estimates deemed reasonable by Aéroports de Paris. They include in particular information relating to the financial situation, results and activity of Aéropor