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2019 APAC Annual Report

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2019 APAC Annual Report APAC ANNUAL REPORT 2018/19 MELBOURNE | LAUNCESTON Contents 02 Our Company 13 Our Business 31 Environmental, Social and Governance Report 45 Financial Statements Australia Pacific Airports Corporation ABN 89 069 775 266 AUSTRALIA PACIFIC AIRPORTS CORPORATION | Annual Report 2018/19 1 Contents 02 Our Company 13 Our Business 31 Environmental, Social and Governance Report 45 Financial Statements Australia Pacific Airports Corporation ABN 89 069 775 266 AUSTRALIA PACIFIC AIRPORTS CORPORATION | Annual Report 2018/19 1 Our Company Australia Pacific Airports Corporation Our Company Our Australia Pacific Airports Corporation Limited (APAC) is committed to delivering strong, sustainable returns for the benefit of our diverse stakeholders through the performance of two key Australian aviation assets. Australia Pacific Airports Corporation Limited (APAC) is a privately held corporation owned by institutional investors, predominantly superannuation/pension funds. The funds are owned, managed or represented by the following five entities: Investor Share AMP 27.32% IFM Investors 25.17% Future Fund 20.34% SAS Trustee Corporation (managed by NSW Treasury 18.47% Corporation) Utilities of Australia (managed by HRL Morrison & Co) 8.7% About Melbourne Airport seven days per week. The airport midfield of the airport. Aircraft has two intersecting runways, which maintenance, repair and overhaul Melbourne Airport has been are operated in different modes, facilities are provided to the south Victoria’s gateway to the world for mainly in response to daily wind of the airfield. close to 50 years. The airport is direction or to reduce aircraft noise Melbourne Airport makes a located approximately 22 kilometres impacts. north-west of Melbourne’s central significant contribution to the business district and is well The terminal complex is located on Victorian economy as a critical connected to Melbourne’s freeway the east side of the north-south component of tourism and trade- and arterial road network. It is in runway and south of the east-west based industries that support jobs close proximity to major industrial runway. The passenger terminal and create economic growth. A areas and three of Melbourne’s complex combines international report commissioned by the residential growth corridors. This facilities (Terminal 2) with three Victorian State Government found location and accessibility mean the domestic terminals (Terminals 1, 3 that in 2015-16 the economic activity airport serves as a hub for the and 4). This integrated terminal of businesses operating within the freight and logistics industry, as well precinct enables Melbourne Airport airport precinct contributed as capitalising on growing labour to provide the shortest minimum $7 billion to the Victorian economy. markets. connection time between domestic Melbourne Airport contributed to and international flights of all major $20.7 billion of economic activity The Melbourne Airport site is Australian airports. Eighty aircraft across Australia in 2015-16, approximately 2,740 hectares in stands, for the parking of aircraft, including $17.6 billion in Victoria. area. It is predominantly surrounded serve the terminal precinct and This is equivalent to almost seven by non-urban uses to the immediate accommodate the embarkation or per cent of Victoria’s total economic north and west. This helps protect disembarkation of passengers, activity. That same report found the community and safeguards the loading or unloading of mail or that Melbourne Airport directly and airport from encroachment of freight, and for fuelling, parking or indirectly supports around 170,000 sensitive and incompatible uses. maintenance. jobs across Australia, of which There is urban development to the almost 150,000 are in Victoria. The Airservices Australia provides air east and south of the airport, movement of airfreight supported traffic control, aeronautical comprising a mix of residential and more than 31,000 of these jobs information services, airport rescue industrial uses. nationally, of which more than and firefighting and navigation 28,000 were in Victoria. Melbourne Airport operates services for Melbourne Airport. curfew-free – 24 hours per day, These facilities are located in the 2 Our Company Australia Pacific Airports Corporation Our Company Our Australia Pacific Airports Corporation Limited (APAC) is committed to delivering strong, sustainable returns for the benefit of our diverse stakeholders through the performance of two key Australian aviation assets. gates. A separate terminal houses Tourism is one of Tasmania’s Australia Pacific Airports Corporation Limited (APAC) is a privately held About Launceston Airport Sharp Airlines’ maintenance fastest-growing industries, directly Company Our corporation owned by institutional investors, predominantly facilities, national reservations contributing $1.5B to the economy, superannuation/pension funds. Launceston Airport is situated 15 centre and departure lounge. with around 21,600 Tasmanians kilometres south of Launceston directly employed by the tourism The funds are owned, managed or represented by the following five The airport also provides a range City near the local towns of Perth industry and another almost 21,000 entities: of facilities and office and Evandale. The award-winning indirectly reliant on the economic accommodation to ancillary airport serves as a domestic, activity generated by tourism. The businesses which, although not regional and general aviation tourism industry directly supports Investor Share directly related to the aviation gateway to Northern Tasmania for 8.7 percent of all Tasmanian jobs sector, are attracted to the benefits AMP 27.32% commercial aircraft, airfreight and and constitutes 4.9 percent of total of operating in an environment that IFM Investors 25.17% private operators. The airport is gross state product, which is the has excellent connectivity and well situated to service the state as highest proportion/dependency of Future Fund 20.34% logistics links. it is located adjacent to the any state or territory. In the SAS Trustee Corporation (managed by NSW Treasury 18.47% Midland Highway and trunk routes Launceston Airport is the second- communities surrounding Corporation) servicing the north, north-west, busiest airport in Tasmania for Launceston Airport around seven Utilities of Australia (managed by HRL Morrison & Co) 8.7% north-east and south of Tasmania. passengers and provides the main per cent of the workforce, more A major freight rail junction is aviation hub for Northern than 6,000 people, are directly located at the southern end of the Tasmania. Located close to the employed in the tourism sector. airport. Launceston CBD, the airport is a With aviation by far the dominant About Melbourne Airport seven days per week. The airport midfield of the airport. Aircraft key component of Tasmania’s mode of entry into Australia’s only The existing airport site occupies has two intersecting runways, which maintenance, repair and overhaul infrastructure providing access to island state, the long-term Melbourne Airport has been 180 hectares with a single north- are operated in different modes, facilities are provided to the south national and international markets importance of Launceston Airport Victoria’s gateway to the world for west – south-east runway and full mainly in response to daily wind of the airfield. for both tourism and business. as the gateway to Northern close to 50 years. The airport is length taxiway. Current facilities direction or to reduce aircraft noise While some 30 staff are employed Tasmania is hard to overstate. located approximately 22 kilometres Melbourne Airport makes a available to support aircraft impacts. at Launceston Airport by APAC north-west of Melbourne’s central significant contribution to the operations include six domestic (and its operating subsidiary, business district and is well The terminal complex is located on Victorian economy as a critical aircraft stands, three freight stands APAL), the airport has an average connected to Melbourne’s freeway the east side of the north-south component of tourism and trade- and 15 general aviation stands. The daily workforce of around 500. and arterial road network. It is in runway and south of the east-west based industries that support jobs terminal complex comprises three close proximity to major industrial runway. The passenger terminal and create economic growth. A levels with four dedicated boarding areas and three of Melbourne’s complex combines international report commissioned by the residential growth corridors. This facilities (Terminal 2) with three Victorian State Government found location and accessibility mean the domestic terminals (Terminals 1, 3 that in 2015-16 the economic activity airport serves as a hub for the and 4). This integrated terminal of businesses operating within the freight and logistics industry, as well precinct enables Melbourne Airport airport precinct contributed as capitalising on growing labour to provide the shortest minimum $7 billion to the Victorian economy. markets. connection time between domestic Melbourne Airport contributed to and international flights of all major $20.7 billion of economic activity The Melbourne Airport site is Australian airports. Eighty aircraft across Australia in 2015-16, approximately 2,740 hectares in stands, for the parking of aircraft, including $17.6 billion in Victoria. area. It is predominantly surrounded serve the terminal precinct and This is equivalent to almost seven
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