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Financial Overview

PNCC Presentation Palmerston North Airport Ltd 2012/13 Annual Report Our Vision To grow the shareholder’s regional economic value by operating a safe, efficient, attractive and profitable airport that serves the Central Region. Performance 30-Jun 13 30-Jun-13 30-Jun-12

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Financial Overview

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  1. PNCC PresentationPalmerston North Airport Ltd2012/13Annual ReportOur VisionTo grow the shareholder’s regional economic value by operating a safe, efficient, attractive and profitable airport that serves the Central Region

  2. Performance30-Jun 13 30-Jun-13 30-Jun-12 Actual SOI Actual Revenue 4,589,800 4,593,500 4,480,318 EBITDA 1,765,104 1,933,000 1,738,650 Net profit after tax 491,883 610,500 495,564 Passengers 445,147 467,000 449,318 Financial Overview

  3. Revenue • Operations & Maintenance Costs • Administration costs • EBITDA • Net Surplus • Passenger Numbers Overview

  4. Revenue – aeronautical up 3.4% & non-aeronautical up 1% • Additional operational & maintenance costs increased: • Deferred maintenance to support safety and aesthetic • Review of District Plan • Investment in projects to support revenue growth • Air noise review • Review operating exposition • Administration & personnel costs decreased: • Marketing, recruitment & legal expenses decreased • Personnel costs decreased due to Corporate restructure • Consulting cost increased – Project Outback and Compliance & Policy updates. Financial Overview

  5. EBITDA 1.5% improvement on 2011/12 • Adjustments of asset register and WiP increased taxation charges and deferred tax for 2012/13 • Net Surplus decreased as a result of higher taxation expense • Shareholder’s Equity continues to increase • Dividend payment to PNCC $196,753 Financial Overview

  6. Aeronautical Route Development • Route development plans under negotiation ( Nelson Services) • Visitor strategy developed • Regulatory Compliance • Aerodrome Operating Certificate 139 • Infrastructure • Airside apron area upgrades • Terminal facilities upgrade with customer enhancements • Refurbishment of café • Car park stage one Other Highlights

  7. Planning • Air noise contour review to meet sectional review of District Plan importance of 24/7 operations • Pricing • Removal of separate departure levy (Oct 12) • Growth in car-park numbers;Increased by 8.9%; generating an additional 4.6% in revenue Other Highlights

  8. Continue to develop and refine short & long term strategy • Protect our 24/7 operation • Focus on additional domestic services • Raising awareness of events and attractions through-out the wider region & encouraging regional collaboration • New Retail outlet planned for 2013/14 • Planned restructure of the rental car operations and terms of concession in 2013/14 Looking to the Future

  9. Questions

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