Auckland International Airport Limited · NZX:AIA
Auckland International Airport — CIP & Wilsons Rapid Insights Conference 2023
33 slides from Auckland International Airport's conference presentation, Jun 29, 2023
Slide 1: 2023 Rapid Insights Queenstown Conference Presentation
Market Release | 29 June 2023 2023 Rapid Insights Queenstown Conference Presentation Auckland Airport’s Head of Strategy, Planning and Performance, will be presenting at the Wilsons and Craigs Investment Partners Rapid Insights Queenstown conference today. Please refer to the attached copy of the pr
Slide 2: Overview of Auckland Airport
For personal use only Overview of Auckland Airport 2023 CIP & Wilsons Rapid Insights Conference 29 June 2023 Prepared by: Strategy, Planning & Performance
Slide 3: Important notice
Important notice 2023 CIP and Wilsons Rapid Insights Conference Disclaimer This presentation is given on behalf of Auckland International Airport Limited (NZX: AIA; ASX: AIA; ADR: AUKNY). Information in this presentation: • is provided for general information purposes only, and is not an offer or in
Slide 4: Auckland Airport, unrivalled domestic connectivity
Auckland Airport, unrivalled domestic connectivity Auckland Airport is the largest and busiest airport in New Zealand with an extensive domestic aeronautical network, connecting with Kiwis from Kaitaia to Invercargill • New Zealand’s largest commercial airport serving the For personal use only count
Slide 5: …and connecting New Zealand to the world
…and connecting New Zealand to the world Pre-COVID Auckland Airport connected 29 airlines to 43 international destinations. Next summer, Auckland expects it will connect 27 airlines to 37 international destinations For personal use only Vancouver Beijing Chicago San Francisco Seoul New York Tokyo Lo
Slide 6: Diverse and complementary business activities
Overview of Auckland Airport Diverse and complementary business activities Aeronautical Retail Transport For personal use only Investment Property Hotels Queenstown Airport Page 5
Slide 7: Quality retail precinct
Quality retail precinct ANZ Investor Day For personal use only Page 6 6
Slide 8: Extensive transport business…
Extensive transport business… For personal use only Page 7
Slide 9: …with a range of products currently on offer and in development
…with a range of products currently on offer and in development For personal use only Page 8
Slide 10: Extensive hotel portfolio
Extensive hotel portfolio 273 198 311 For personal use only rooms rooms rooms Page 9
Slide 11: High quality commercial property portfolio
High quality commercial property portfolio For personal use only Page 10
Slide 12: 1500 ha land holding enables a precinct wide vision
1500 ha land holding enables a precinct wide vision For personal use only Notes: 1. Pre-COVID-19, for the 12 months to 31 Dec 2019 Page 11
Slide 13: The airport is a combination of regulated and unregulated activities
The airport is a combination of regulated and unregulated activities 2019 Revenue composition - $738.2m 17% Airfield income 3% Rental 12% Rental income 30% Retail income For personal use only 1% Other 25% Passenger services charge 9% Car park income 3% Other Page 12 12
Slide 14: So where are we today?
So where are we today? COVID-19 and the associated imposition of travel restrictions resulted in an extended period of disruption for Auckland Airport. Passenger numbers are expected to be back to pre-pandemic levels during 2025 Monthly passenger numbers For personal use only 110% 100% 90% 85% Month
Slide 15: International travel recovery ongoing
International travel recovery ongoing International seat capacity serving Auckland is expected to significantly increase over the remainder of the calendar year as airlines restart previous Auckland services and launch new routes Auckland international seat capacity (000s) Announced and launched air
Slide 16: 1H23 Results at a glance
1H23 Results at a glance Revenue Reported profit Passenger Operating after tax movements Cashflow For personal use only $287.8m $4.8m 7.6m $140.3m 128% on 1H22 96% on 1H22 341% on 1H22 374% on 1H22 (78% of 1H19) (3% of 1H19) (71% of 1H19) (90% of 1H19) 1H23 earnings per share of 0.33cps 1 1 EBITDAFI
Slide 17: Return to underlying profit
Return to underlying profit For the year ended 30 June and six months to 31 December 2022 Restated $m 1H23 2022 20213 2020 2019 Revenue 287.8 300.3 281.1 567.0 743.4 For personal use only Expenses1 98.8 155.8 110.0 306.6 188.6 Earnings before interest, taxation, depreciation, fair value adjustments
Slide 18: Balance sheet remains strong
Balance sheet remains strong As at 30 June and 31 December 2022 Restated $m Dec-2022 2022 20211 2020 2019 Cash 62.8 24.7 79.5 765.3 37.3 For personal use only Trade and other receivables 58.7 28.5 25.4 34.7 69.0 Other current assets 21.7 21.6 20.9 37.0 - Current assets 143.2 74.8 125.8 837.0 106.3 P
Slide 19: Building a better future…
Building a better future… Re-establishing our aeronautical network and Driving the recovery in our commercial Increase in aero infrastructure capex with supporting the recovery in travel business strong ongoing commercial opportunities For personal use only Delta Airlines announced a daily Auckland-
Slide 20: Key projects that will transform the aviation system in Auckland
Key projects that will transform the aviation system in Auckland 2021 Annual Results Highlights For personal use only performance Financial Our continuing journey Outlook Ten-year roadmap Projects are subject to change and may be replaced, deferred or cancelled Page 19 19
Slide 21: Significant upgrade to the domestic experience
Significant upgrade to the domestic experience For personal use only Page 20 20
Slide 22: A transport hub that will transform the guest experience
A transport hub that will transform the guest experience For personal use only Page 21 21
Slide 23: New airfield capacity to cater for future growth and resilience
For personal use only New airfield capacity to cater for future growth and resilience Page 22
Slide 24: Construction of key enabling projects well underway
Our continuing Financial Outlook Highlights 2021 journey performance For personal use only Annual Results Construction of key enabling projects well underway Page 23
Slide 25: For personal use only
Our continuing Financial Outlook Highlights 2021 journey performance For personal use only Annual Results Page 24
Slide 26: For personal use only
Our continuing Financial Outlook Highlights 2021 journey performance For personal use only Annual Results Page Page 2525
Slide 27: Exciting fashion outlet centre under construction
Exciting fashion outlet centre under 2021 Annual Results construction Highlights For personal use only performance Financial Our continuing journey Outlook Illustrative only, actual layout will vary 100+ stores m2 23,000+ Page 26
Slide 28: Economic Regulation
Economic Regulation On the 8th June 2023, Auckland Airport announced its aeronautical charges for price setting event four (“PSE4”) with new prices coming into effect from 1 July 2023. Separately, the New Zealand Commerce Commission (“NZCC”) has recently released a draft of its review of the input m
Slide 29: Sustainability is central to who we are
Sustainability is central to who we are Purpose Place People Community Kaupapa Kaitiakitanga Whānau Hapori For personal use only 85% Net Zero 40 | 40 | 20 flex 40% Customers rate their overall 90% reduction in scope 1 and 2 Gender balance across Auckland Of employees participating in experience as ‘
Slide 30: Re-energising the airport with solar
Re-energising the airport with solar 2021 Annual Results Highlights For personal use only performance Financial Our continuing journey Outlook Artist’s illustration Auckland Airport is looking skywards as we take our first steps to generate onsite renewable energy, with plans for rooftop solar syste
Slide 31: Thank you
For personal use only Thank you Thank you
Slide 32: Appendix
For personal use only Appendix
Slide 33: Appendix: Underlying profit / (loss) reconciliation
Appendix: Underlying profit / (loss) reconciliation 2022 2021 For the six months ended 31 December ($m) Underlying Underlying Reported profit Adjustments profit / (loss) Reported profit Adjustments profit / (loss) EBITDAFI per income statement 189.0 - 189.0 60.3 - 60.3 For personal use only Investme
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