Infratil Limited · NZX:IFT
Infratil — Investor Day (March 2015)
21 slides from Infratil's investor day presentation, Mar 31, 2015
Slide 1: IFT Investor Day: Wellington Airport
IFT INVESTOR DAY Tuesday 31 March 2015 Steve Sanderson Chief Executive Wellington Airport Unparalled investment for exceptional growth.
Slide 2: FY15 Deliverables
FY15 DELIVERABLES New International Airlines – 14% growth $6M between WIAL and WCC • Jetstar to Gold Coast and Melbourne to fund consent for Runway Extension • Fiji Airways to Nadi Second in airport service quality North Pier gate lounge expansion complete in Australasia Improved retail experience w
Slide 3: Growing the International Market
GROWING THE INTERNATIONAL MARKET Los Angeles Bangkok Phuket Bali Nadi Singapore Gold Coast Melbourne Wellington
Slide 4: International Passengers – Double Digit Growth
INTERNATIONAL PASSENGERS – DOUBLE DIGIT GROWTH AKL, WLG, CHC INTL PAX GROWTH LAST 10 YEARS 170% 150% Index Year 2004 = 100% 130% 110% 90% 70% 50% 2004 2005 2006 2007 2008 2009 2010 2001 2012 2013 2014 2015 AKL CHC WLG
Slide 5: Second in Airport Service Quality in Australasia
SECOND IN AIRPORT SERVICE QUALITY IN AUSTRALASIA
Slide 6: Improved Retail Experience
IMPROVED RETAIL EXPERIENCE Retail experience recently expanded with Witchery, Country Road, International Subway and Trenery.
Slide 7: New Volunteer Ambassador Programme
NEW VOLUNTEER AMBASSADOR PROGRAMME
Slide 8: Pricing Outcomes – Revenue and Average Price per Pax
PRICING OUTCOMES – REVENUE AND AVERAGE PRICE PER PAX 100 90 80 Year 1 70 Revenue Millions reduction $/Pax Nominal 60 50 $12.13 $12.74 $12.71 $12.14 $11.32 40 $10.94 30 20 10 0 2014 2015 2016 2017 2018 2019 Airline pricing consultation completed in 2014. Increase in revenue and price per pax mainly r
Slide 9: $250M Capital Investment Forecast Over Next 5 Years
$250M CAPITAL INVESTMENT FORECAST OVER NEXT 5 YEARS
Slide 10: Aeronautical and Commercial Capital Investment – Terminal Expansion
AERONAUTICAL AND COMMERCIAL CAPITAL INVESTMENT – TERMINAL EXPANSION $58m $58 approved. 18 month construction underway and due to be completed by May 2016
Slide 11: North Pier – Gate Lounge Expansion
NORTH PIER – GATE LOUNGE EXPANSION $2.4m expansion of North Pier domestic gate lounges completed in Dec 2014.
Slide 12: Commercial Capital Investment – Stage 2 Airport Retail Park
COMMERCIAL CAPITAL INVESTMENT – Stage 2 Airport Retail Park $2.8m Investment approved and construction underway. Three new retailers. Due for completion Sep 15
Slide 13: Airways Control Tower
AIRWAYS CONTROL TOWER AIRWAYS build. Currently under public consultation and consent. WIAL holds ground lease.
Slide 14: Commercial Capital Investment – Multi-Level Car Park
COMMERCIAL CAPITAL INVESTMENT MULTI-LEVEL CAR PARK ~$60m $5M committed to feasibility. Investment forecast with approval expected FY16. 5 or 8 storeys. 1,100 parks undercover. Works complete FY17.
Slide 15: Commercial Capital Investment – Hotel Management Contract with Rydges
COMMERCIAL CAPITAL INVESTMENT - HOTEL MANAGEMENT CONTRACT WITH RYDGES 4.0-4.5 star. 122 rooms. Restaurant and bar. Built at northern end of airport and connected to terminal.
Slide 16: Commercial Capital Investment – Hotel
COMMERCIAL CAPITAL INVESTMENT – HOTEL $40m $1m invested in feasibility. Investment forecast and approval expected FY16. Construction expected to commence in FY 17.
Slide 17: Aeronautical Investment – International Arrivals
AERONAUTICAL INVESTMENT - INTERNATIONAL ARRIVALS ~$17m Expansion to arrivals area will remove congestion at peak times. Investment identified in aeronautical pricing. Design underway and construction expected in FY17.
Slide 18: Runway Extension – Consent Provides 15+ Year Option to Build
RUNWAY EXTENSION - CONSENT PROVIDES 15+ YEAR OPTION TO BUILD 1929 1938 1946 1959 1972 2009 350m +650m +100m +550m +270m +130m Runway has been extended five times since 1929 WCC and Airport committed $3m each to fund the consent for a 15 year option for Wellington to extend the runway. Final funding
Slide 19: Established Feasibility for Runway Extension & Progressing Consent
ESTABLISHED FEASIBILITY FOR RUNWAY EXTENSION & PROGRESSING CONSENT • NPV of Gross Value Add up to $1.7b for NZ and $684m for Wellington region from market stimulation. • InterVISTAS confirmed commercially viable long haul market on routes to Singapore, Hong Kong, Los Angeles, Kuala Lumpur and Dubai
Slide 20: Extension Consent Timeline
EXTENSION CONSENT TIMELINE 2014 2015 2016 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Formal Public Consultation Design, Costs, Benefits, Assessments Hearing Commences Pre-Lodgment Public Consultation Hearing Concludes Peer Consultation Review Draft Decision Lodge
Slide 21: Capital Investment Delivery Timeline
CAPITAL INVESTMENT DELIVERY TIMELINE 2015 2016 2017 Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov Terminal Extension Main Terminal Optimisation Multi Level Car Park Hotel International Terminal Runway