Airports Of Thailand Public Co Ltd · SET:AOT
Airports Of Thailand Public — Q1 FY2026 Earnings Presentation
23 slides from Airports Of Thailand Public's earnings presentation, Feb 13, 2026
Slide 1: Airports of Thailand Plc. For 1st Fiscal Year 2026
Airports of Thailand Plc. For 1st Fiscal Year 2026 (October 2025 – December 2025) Investor Relations Department, E-mail: aotir@airportthai.co.th, Tel: (662) 535-5900, Fax (662) 535-6009
Slide 2: Disclaimer
Disclaimer This presentation is intended to assist investors to better understand the company’s business and financial status. This presentation may contain forward looking statements relate to analysis and other information which are based on forecast of future results and estimates of amounts not
Slide 3: Airports in Thailand
Airports in Thailand MAE FAH LUANG-CHIANG RAI Total of 39 airports INTERNATIONAL AIRPORT CHIANG MAI INTERNATIONAL Airports of Thailand Public Company Limited AIRPORT ▪ 2 in Bangkok and perimeter Pai o Suvarnabhumi Airport (BKK) Mae Hong Son Nan o Don Mueang International Airport (DMK) Lampang Phra
Slide 4: Business Overview
Business Overview Fact Sheet Shareholders Information (As of December 12, 2025) ▪ Listed on 11 March 2004 1. MINISTRY OF FINANCE 70.00% ▪ Shares outstanding 14,285.70 Million* ▪ Shareholders 2. THAI NVDR COMPANY LIMITED 3.28% •Ministry Of Finance 70% •Free Float 30% 3. SOCIAL SECURITY OFFICE 1.37% ▪
Slide 5: Aircraft Movement Statistics (Q1 FY2026)
Aircraft Movement Statistics (Q1 FY2026) AOT Traffics LCCs Traffics (Unit: Thousand) (Unit: Thousand) 412.85 788.09 381.77 732.69 354.22 639.89 343.15 251.58 316.5 222.51 226.41 318.84 208.28 106.33 110.91 204.55 416.19 444.94 321.05 87.22 91.69 127.81 159.26 161.27 64.62 69.08 117.33 116.59 41.71 4
Slide 6: Passenger Movement Statistics (Q1 FY2026)
Passenger Movement Statistics (Q1 FY2026) AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 125.99 65.09 62.88 125.99 56.45 100.06 49.35 46.62 36.12 39.13 46.15 35.83 76.64 33.62 34.47 18.16 72.67 17.06 53.91 12.77 13.55 26.76 20.62 25.96 10.14 11.05 20.85 20.92 6.92 7.11 FY 2 0 2 3 2024 20
Slide 7: Monthly Air Traffic Movements: FY2019 – FY2026
Monthly Air Traffic Movements: FY2019 – FY2026 (Unit: Thousand) FY 2026 80 70 FY 2025 60 FY 2024 50 FY 2023 40 Aircraft Movements (Q1 FY2026) 30 FY 2022 20 FY 2021 International Domestic Total 10 (0.63%) 5.13% 1.82% FY 2020 0 FY 2019 (Unit: Million) 14 13 12 FY 2026 11 10 FY 2025 9 Passenger Movemen
Slide 8: Airport Revenues (Q1 FY2026)
Airport Revenues (Q1 FY2026) Landing & Parking Charges 20% increased on Jan 1st, 2005 15% increased on Apr 1st, 2007 Aeronautical Departure Passenger Service Effective on Apr 1st, 2024 Charges (PSC) THB 700 to THB 730 - International PSC 53% THB 100 to THB 130 - Domestic PSC Aircraft Service Charges
Slide 9: Revenues Breakdown (Q1 FY2026)
Revenues Breakdown (Q1 FY2026) Total Revenue By Proportion from sales or services Q1 FY2025 Q1 FY2026 (Unit: Million Baht) 67,121.30 9.57% 66,679.38 8.85% 28.21% 31.94% 48,140.92 39.77% 41.69% 15.23% 14.69% 17,663.91 16,852.00 3.53% 3.96% 1.23% 1.33% By Growth (Unit: Million Baht) FY2023 FY2024 FY20
Slide 10: Airport Operating Expenses
Airport Operating Expenses Employee Benefit Expenses Consisting of : - employee salaries and bonuses, employee benefits, retirement payments and contributions to employee provident fund . - the remuneration of AOT’s board of directors and executives as stated in the notice of Capital Market Supervis
Slide 11: Expenses Breakdown (Q1 FY2026)
Expenses Breakdown (Q1 FY2026) Expenses By Proportion (Unit: Million Baht) Q1 FY2025 Q1 FY2026 38,435.65 36,748.62 30,911.08 31.44% 36.39% 30.08% 36.96% 0.00% 0.00% 8.80% 11.04% 8.58% 14.79% 14.10% 9,502.63 9,865.33 7.83% By Growth (Unit: Million Baht) FY2023 FY2024 FY2025 Q1 FY2025 Q1 FY2026 FY2023
Slide 12: Statements of Income (Q1 FY2026)
Statements of Income (Q1 FY2026) (Unit: Million Baht) FY2022 FY2023 FY2024 FY2025 Q1 FY2025 Q1 FY2026 YoY Total revenues 17,891.86 48,445.50 67,827.80 68,586.38 17,906.01 17,332.42 (3.20%) Revenues from sales 16,560.02 48,140.92 67,121.30 66,679.38 17,663.91 16,852.00 (4.60%) or services Other incom
Slide 13: Financial Status
Financial Status STATEMENTS OF FINANCIAL POSITION STATEMENTS OF CASH FLOW (Unit: Million Baht) (Unit: Million Baht) 30 Sep 2025 31 Dec 2025 Beginning Cash 19,401.08 Cash Flows from Operation 9,706.74 Cash 19,401.08 21,123.58 Cash Flows from Investment (1,832.26) Other Current Asset 17,928.70 16,024.
Slide 14: Financial Ratios
Financial Ratios 30 Sep 2019 30 Sep 2020 30 Sep 2021 30 Sep 2022 30 Sep 2023 30 Sep 2024 30 Sep 2025 30 Dec 2025 (FY2019) (FY2020) (FY2021) (FY2022) (FY2023) (FY2024) (FY2025) (Q1 FY2026) Par Value (THB) 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Market Price (THB) 74.75 56.50 61.00 72.50 69.75 64.00 4
Slide 15: Noise Compensation (Suvarnabhumi Airport Phase I)
Noise Compensation (Suvarnabhumi Airport Phase I) Planned Proceeded (Unit: Million Baht) (Unit: Houses) NEF > 40 Houses Amount Total Impacted Houses Purchased 209 1,196.16 18,522 Insulated 491 141.52 Total NEF> 40 700 1,337.68 NEF > 40 NEF 30-40 704 17,818 NEF 30 - 40 Houses Amount Insulated 17,703
Slide 16: Noise Compensation (Suvarnabhumi Airport Rwy3)
Noise Compensation (Suvarnabhumi Airport Rwy3) Planned Proceeded (Unit: Million Baht) (Unit: Houses) NEF > 40 Houses Amount Total Impacted Houses Purchased 566 4,356.47 17,889 Insulated 1,237 461.95 Total NEF> 40 1,803 4,818.42 NEF > 40 NEF 30-40 2,101 15,788 NEF 30 - 40 Houses Amount Insulated 14,6
Slide 17: Future Airport Development Plans
Future Airport Development Plans Investment Cost Airport Description Completed Year Additional Capacity (THB Billion) Suvarnabhumi East Expansion 8.00 2030 • 15 MAP Don Mueang Don Mueang Phase III 36.83 2033 • 10 MAP (Total 40 MAP) 17
Slide 18: Appendix A: Airport Capacity vs. Utilization
Appendix A: Airport Capacity vs. Utilization Aircraft Passengers Cargoes (Flights/Hour) (Million/Year) (Million Metric Tons/Year) Actual Utilization Actual Utilization Actual Utilization Airport Capacity Capacity Capacity FY24 FY25 FY24 FY25 FY24 FY25 BKK 85 66 69 65.0 60.0 62.7 1.700 1.367 1.506 DM
Slide 19: Appendix B: AOT Airports Capacity
Appendix B: AOT Airports Capacity Area Capacity Passenger Cargoes Runways Airports Total Aircraft Terminal Passengers (Million (Metres) Area (Flights/ Complex (Million/Year) Metric (Acres) Hour) Area (Sq.m.) Tons/Year) 60 x 3,700 BKK 8,000 779,000 85 65.0 1.700 3 60 x 4,000 60 x 4,000 60 x 3,700 DMK
Slide 20: Appendix C: Market Share (By Aircraft) at Suvarnabhumi Airport – FY2025
Appendix C: Market Share (By Aircraft) at Suvarnabhumi Airport – FY2025 Top 10 Airlines Top 10 LCCs 1. THAI AIRWAYS INTERNATIONAL 23.26% 1. THAI VIETJET AIR 40.23% 2. THAI VIETJET AIR 9.76% 2. THAI AIR ASIA 14.91% 3. BANGKOK AIRWAYS 9.50% 3. INDIGO AIRLINES 5.75% 4. THAI AIR ASIA 3.62% 4. SPRING AIR
Slide 21: Appendix D: Market Share (By Passenger) at Suvarnabhumi Airport – FY2025
Appendix D: Market Share (By Passenger) at Suvarnabhumi Airport – FY2025 Top 10 Airlines Top 10 LCCs THAI AIRWAYS 1. THAI VIETJET AIR 36.56% 1. INTERNATIONAL 26.66% 2. THAI VIETJET AIR 2. THAI AIRASIA 12.72% 8.70% 3. BANGKOK AIRWAYS 3. SCOOT 6.12% 5.31% 4. EMIRATES AIRLINES 4. INDIGO AIRLINES 5.98%
Slide 22: Appendix E: Market Share at Don Mueang International Airport – FY2025
Appendix E: Market Share at Don Mueang International Airport – FY2025 Top 10 Airlines By Aircraft Top 10 Airlines By Passenger 1. THAI AIR ASIA 49.20% 1. THAI AIR ASIA 50.57% 2. THAI LION AIR 20.99% 2. THAI LION AIR 22.87% 3. NOK AIR 11.40% 3. NOK AIR 11.00% 4. THAI AIRASIA X 2.73% 4. THAI AIRASIA X
Slide 23: Appendix F: Major LCCs Airlines (6 Airports) - FY2025
Appendix F: Major LCCs Airlines (6 Airports) - FY2025 Domestic (5 Airlines) International (36 Airlines) Nok Air Air Arabia Air Busan Air India Express Air Japan Airasia Berhad Airasia X Thai Air Asia Akasa Air Beijing Capital Airlines Cebu Pacific Air Thai Air Asia X China West Air Eastar Jet Greate
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