Airports Of Thailand Public Co Ltd · SET:AOT
Airports Of Thailand Public — Airports of Thailand — Investor Presentation (November 2023)
24 slides from Airports Of Thailand Public's investor presentation, Nov 21, 2023
Slide 1: Airports of Thailand Plc. For Fiscal Year 2023
Airports of Thailand Plc. For Fiscal Year 2023 (October 2022 – September 2023) 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 Lampang o Don Mueang International Airport (DMK) Phra
Slide 4: Business Overview
Business Overview Fact Sheet Shareholders Information (As of December 31, 2022) ▪ Listed on 11 March 2004 ▪ Shares outstanding 14,285.70 Million* 1. MINISTRY OF FINANCE 70.00% ▪ Shareholders 2. THAI NVDR COMPANY LIMITED 5.58% •Ministry Of Finance 70% •Free Float 30% 3. SOUTH EAST ASIA UK (TYPE C) NO
Slide 5: Aircraft Movement Statistics (FY2023)
Aircraft Movement Statistics (FY2023) AOT Traffics LCCs Traffics (Unit: Thousand) (Unit: Thousand) 354.22 639.89 515.15 280.77 318.84 226.41 394.47 205.77 270.66 195.26 245.25 138.04 256.97 179.99 178.43 321.05 244.49 135.86 25.78 127.81 137.50 85.51 2.18 66.82 FY 2020 2021 2022 2023 FY 2020 2021 20
Slide 6: Passenger Movement Statistics (FY2023)
Passenger Movement Statistics (FY2023) AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 56.16 100.06 39.42 72.64 46.15 35.71 28.56 35.15 46.69 26.28 15.77 20.01 32.79 53.91 25.00 37.49 3.56 15.74 20.45 0.95 13.14 0.03 19.06 13.90 2020 2021 2022 2023 2020 2021 2022 2023 FY FY International
Slide 7: Monthly Air Traffic Movements: FY2019 – FY2023
Monthly Air Traffic Movements: FY2019 – FY2023 (Unit: Thousand) 80 70 FY 2023 60 50 FY 2022 40 FY 2021 Aircraft Movements (FY2023) 30 FY 2020 International Domestic Total 20 10 FY 2019 133.50% 24.07% 62.22% 0 g r l ay n n b ar ct p v c Ju Ap Au De Ja Se Fe No Ju O M M (Unit: Million) 14 13 12 FY 202
Slide 8: Airport Revenues (FY2023)
Airport Revenues (FY2023) Landing & Parking Charges 20% increased on Jan 1st, 2005 15% increased on Apr 1st, 2007 Aeronautical Departure Passenger Service Effective on Feb 1st, 2007 Charges (PSC) THB 500 to THB 700 - International PSC 46% THB 50 to THB 100 - Domestic PSC Aircraft Service Charges Fee
Slide 9: Revenues Breakdown (FY2023)
Revenues Breakdown (FY2023) Total Revenue By Proportion FY2022 FY2023 48,140.92 9.78% 7.77% (Unit: Million Baht) 24.34% 30.99% 31,179.10 31.81% 37.14% 22.95% 17.81% 16,560.02 8.68% 2.44% 4.95% 1.33% 7,085.60 By Growth (Unit: Million Baht) 2020 2021 2022 2023 FY2020 FY2021 FY2022 FY2023 YoY LPC 3,788
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 (FY2023)
Expenses Breakdown (FY2023) Expenses By Proportion FY2022 FY2023 (Unit: Million Baht) 30,911.08 24,807.59 23,440.46 36.00% 31.37% 28.70% 22,717.98 37.65% 0.00% 8.25% 10.61% 8.92% 13.75% 11.65% 2.25% 10.85% By Growth (Unit: Million Baht) 2020 2021 2022 2023 FY2020 FY2021 FY2022 FY2023 YoY Employee 6,
Slide 12: Statements of Income (FY2023)
Statements of Income (FY2023) (Unit: Million Baht) FY2019 FY2020 FY2021 FY2022 FY2023 YoY Total revenues 64,566.79 33,133.92 7,838.44 17,891.86 48,445.50 170.77% Revenues from sales or 62,783.41 31,179.10 7,085.60 16,560.02 48,140.92 190.71% services Other incomes 1,783.38 1,954.82 752.84 1,331.83 3
Slide 13: Financial Status
Financial Status STATEMENTS OF FINANCIAL POSITION STATEMENTS OF CASH FLOW (Unit: Million Baht) (Unit: Million Baht) 30 Sep 2022 30 Sep 2023 Beginning Cash 3,797.65 Cash Flows from Operation 16,872.73 Cash 3,797.65 6,091.02 Cash Flows from Investment (11,559.22) Other Current Asset 4,678.57 12,922.85
Slide 14: Financial Ratios
Financial Ratios 30 Sep 2018 30 Sep 2019 30 Sep 2020 30 Sep 2021 30 Sep 2022 30 Sep 2023 (FY2018) (FY2019) (FY2020) (FY2021) (FY2022) (FY2023) Par Value (THB) 1.00 1.00 1.00 1.00 1.00 1.00 Market Price (THB) 65.50 74.75 56.50 61.00 72.50 69.75 BV/share 10.07 10.77 9.96 7.86 7.09 7.73 P/BV 6.50 6.94
Slide 15: Noise Compensation (Suvarnabhumi Airport Phase I)
Noise Compensation (Suvarnabhumi Airport Phase I) Proceeded Planned (Unit: Million Baht) (The cabinet resolution on May 29,2007) NEF > 40 Houses Amount Summer Season (Unit: Houses) Purchased 147 786.26 Insulated 357 93.61 Total Impacted Houses Total NEF> 40 504 879.87 11,212 NEF 30 – 40 Houses Amoun
Slide 16: Noise Compensation (Suvarnabhumi Airport Phase I)
Noise Compensation (Suvarnabhumi Airport Phase I) Planned Proceeded (Unit: Million Baht) (The cabinet resolution on Aug 31, 2010) NEF > 40 Winter Season (Unit: Houses) Houses Amount Purchased 54 433.27 Total Impacted Insulated 77 24.11 Houses 4,953 Total NEF> 40 131 457.38 NEF 30 - 40 Houses Amount
Slide 17: Noise Compensation (Suvarnabhumi Airport Phase I)
Noise Compensation (Suvarnabhumi Airport Phase I) Planned Proceeded (Unit: Million Baht) (The cabinet resolution on Oct 15, 2013) NEF > 40 Winter Season (Unit: Houses) Houses Amount Purchased 8 101.57 Total Impacted Insulated 50 20.68 Houses 2,237 Total NEF> 40 58 122.25 NEF 30 - 40 Houses Amount NE
Slide 18: Future Airport Development Plans
Future Airport Development Plans Investment Cost Airport Description Completed Year Additional Capacity (THB Billion) 1. Suvarnabhumi Phase II 62.50 2023 • 15 MAP Suvarnabhumi 2. Third Runway 28.05 2023 • 26 AC/Hr. (Total 94 AC/Hr.) 3. North Expansion 41.26 2028 • 30 MAP (Total 90 MAP) 4. Don Muang
Slide 19: 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 FY22 FY23 FY22 FY23 FY22 FY23 BKK 68 55 65 45.0 20.3 48.4 1.700 1.209 1.158 DM
Slide 20: Appendix B: AOT Airports Capacity
Appendix B: AOT Airports Capacity Area Capacity Cargoes Runways Airports Total Aircraft Terminal Passengers (Million (Metres) Area (Flights/ Area (Sq.m.) (Million/Year) Metric (Acres) Hour) Tons/Year) 45.0 60 x 3,700 BKK 8,000 563,000 68 1.700 2 60 x 4,000 60 x 3,700 DMK 1,552 220,683 48 30.0 0.525
Slide 21: Appendix C: Market Share (By Aircraft) at Suvarnabhumi Airport – FY2023
Appendix C: Market Share (By Aircraft) at Suvarnabhumi Airport – FY2023 Top 10 Airlines Top 10 LCCs 1. THAI VIET JET AIR 12.70% 1. THAI VIET JET AIR 47.64% 2. THAI SMILE AIRWAYS 12.40% 2. THAI AIR ASIA 7.41% 3. THAI AIRWAYS INTERNATIONAL 12.30% 3. THAI AIRASIA X 4.80% 4. BANGKOK AIRWAYS 11.66% 4. VI
Slide 22: Appendix D: Market Share (By Passenger) at Suvarnabhumi Airport – FY2023
Appendix D: Market Share (By Passenger) at Suvarnabhumi Airport – FY2023 Top 10 Airlines Top 10 LCCs THAI AIRWAYS 1. THAI VIET JET AIR 41.40% 1. INTERNATIONAL 17.60% 2. THAI VIET JET AIR 2. THAI AIRASIA X 8.32% 11.43% 3. THAI SMILE AIRWAYS 10.31% 3. THAI AIR ASIA 6.82% 4. BANGKOK AIRWAYS 4. TIGER AI
Slide 23: Appendix E: Market Share at Don Mueang International Airport – FY2023
Appendix E: Market Share at Don Mueang International Airport – FY2023 Top 5 Airlines By Aircraft Top 5 Airlines By Passenger 1. THAI AIR ASIA 50.74% 1. THAI AIR ASIA 54.57% 2. NOK AIRLINES 18.92% 2. NOK AIR 19.24% 3. THAI LION AIR 14.75% 3. THAI LION AIR 15.47% 4. AIRASIA BERHAD 3.06% 4. AIRASIA BER
Slide 24: Appendix F: Major LCCs Airlines (6 Airports) - FY2023
Appendix F: Major LCCs Airlines (6 Airports) - FY2023 Domestic (4 Airlines) International (28 Airlines) Nok Air Air Asia CEBU Pacific Air Firefly Thai Air Asia Go Airlines India Greater Bay Airlines Hong Kong Express Thai Lion Air IndiGo Airlines Indonesia AirAsia Jeju Air Thai Vietjet Jetstar Airwa
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