KALAALLIT A/S Præsentation – 19. januar 2 Overordnet tidsplan for Baner & Bygninger QAQORTOQ placering

Ny lufthavn 1.500 m

Ny ankomstvej 6 km.

City of Qaqortoq 4 QAQORTOQ: Landingsbane - 1.500 m. ny landingsbane - Ca. 2 mio. m³ sprængsten - 6 km. Ankomstvej anlagt - COWI projekterer

Nye lufthavnsbygninger - 2.300 m² ny terminalbygning - Nyt kontroltårn - 1.850 m² ny servicebygning - Projektering igangsættes

STATUS: projektering igangsættes

5 placering

Ny lufthavn 2.200 m bane

Eksisterende lufthavn

City of Ilulissat

6 ILULISSAT: International lufthavn

- 2.200 meter landingsbane - 6.000 m² ny terminalbygning - Ca. 6 mio. m³ sprængsten - Nyt kontroltårn - Udstyret med ILS til præcisionslanding - 2.100 m² ny servicebygning - Ny ankomstvej - Projektering igangsættes - Hovedprojekt færdiggjort STATUS: Afventer udbud

7 placering

Ny lufthavn 2.200 m bane

Johannus Egholm Hansen, Bestyrelsesformand & Steffen Ulrich-Lynge, CEO 8 Nuuk: Ny landingsbane Nye lufthavnsbygninger

- 2.200 meter landingsbane - 8.200 m² ny terminalbygning - Ca. 6 mio. m³ sprængsten - Nyt kontroltårn - 2.100 m² ny servicebygning - Udstyret med ILS til præcisionslanding - Projektering igangsættes - Ny ankomstveje, omlægning af lufthavnsvej - Hovedprojekt færdiggjort STATUS: Afventer udbud

9 3 EXPECTED NUMBER OF PASSENGERS PER THE MAJORITY OF THE PASSENGER GROWTH IS EXPECTED TO OCCUR IN NUUK AND ILULISSAT. THE EXPECTED AVERAGE GROWTH IS 4,0%, 3,4% AND 0,0% FOR NUUK, ILULISSAT AND QAQORTOQ RESPECTIVELY.

The figure to the right illustrates the number of departing passengers Total number of departing passengers in Nuuk, Ilulissat og Qaqortoq (thousand) Forecast period 1 period Forecast separately for Nuuk, Ilulissat and Qaqortoq. The figure indicates that the 400 2 period Forecast majority of the growth with respect to departing passengers is expected to take place in Nuuk and Ilulissat. The expected growth in departing 350 passengers for each of the three airports is as follows:

. Nuuk: 2018: 77.000 -> 2055: 334.000 300 . Ilulissat: 2018: 37.000 -> 2055: 130.000

. Qaqortoq: 2018: 24.000 -> 2055: 24.000 GOH

250 The CAGR in the period 2018 to 2055 is expected to be 4,0 percent in Nuuk, CAGR: 3,4 percent in Ilulissat and 0,0 percent in Qaqortoq. 200 The number of departing flights from Qaqortoq drops in 2022 as fewer passengers will use the feeder connection from to Qaqortoq but 150 will travel directly from Nuuk or to Qaqortoq. At the end of the forecast period the number of departing passengers have reached the current 100 CAGR: JAV number of passengers. 3,4% The figure to the right also illustrates that the forecast is divided into two 50 periods. The first forecast period (2018-2021) uses historical growth rates as CAGR: input parameters. The second forecast period (2022-2055) uses long term JJU expectations for demographic changes, economic development and expected - 0,0% tourism development to determine the annual growth rate. Assumptions are 2015 2020 2025 2030 2035 2040 2045 2050 2055 elaborated in slide 9.

10 EXPECTED PASSENGERS PER PASSENGER TYPE THE GROWTH IN DEPARTING PASSENGERS IN NUUK AND ILULISSAT IS PRIMARILY CAUSED BY GROWTH IN THE LEISURE SEGMENT AND EXPECTED GENERAL FUTURE ECONOMIC GROWTH IN .

The number of departing passengers have been forecasted by distributing historical expected growth rate. The figures below shows the departing passengers for each passengers by traffic type (Atlantic flights, domestic flights, helicopter flights, Islanding airport distributed on the three key passenger segments: Leisure, necessity and flights and new feeder flights) and for each flight type by passenger type (business, business. The figures indicates that passenger growth in Nuuk and Ilulissat is primarily leisure and necessity). The result is 15 different passenger segments - each with its own happening within the leisure segment which is due to expected relatively high growth rates in tourism in these destinations.

Nuuk Airport (GOH) (JAV)

400 Leisure 350 Necessity 140 Business 300 120

250 100

200 80

150 60

100 40

50 20

- - Departing passengers (thousand) passengers Departing SENSITIVITY ANALYSIS – LONG TERM TOURISM GROWTH IN GREENLAND EXPECTED FUTURE TOURISM GROWTH RATES ARE CRUCIAL FOR THE AMOUNT OF DEPARTING PASSENGERS IN THE LONG RUN. ESPECIALLY DEPARTURES AT NUUK AND ILULISSAT ARE SENSITIVE TO CHANGES IN TOURISM ASSUMPTIONS.

The expected future tourism growth rate is vital for the development of departing The figure to the right shows total departing passengers in the three airports passengers both in total but especially in Nuuk and Ilulissat. The two graphs below throughout the whole analysis period for varying tourism growth rates. It shows that show how total departing passengers in each of the three airports develop under even minor changes to the growth rate has large influence on the total number of varying growth rate assumptions. departures. A growth rate of 3% instead of 2,2% result in approximately 64.000 additional departing passengers in total from the three airports. At a growth rate of 5 The figure to the left shows that especially Nuuk and Ilulissat are heavily influenced percent the total departing passengers by 2055 leads to approximately 785.000 by changes in tourism growth rates whereas Qaqortoq is only rising slowly. passengers.

Departing passengers at varying annual tourism growth rates for each airport Total departing passengers at varying long run tourism growth assumptions

2.500 To 900 5% tal 800 GO 4% 2.000 H 700 3%

JA 600 2,2 1.500 V JJ 500 % U 1% 1.000 400

300 (thousands)

(thousands) 500 200 100 -

-

Annual departing passengers passengers departing Annual Departing passengers in 2055 2055 in passengers Departing

Annual tourism growth Estimerede antal ansøgere per kvartal fordelt på stillingskategorier for Nuuk og Ilulissat tilsammen

Johannus Egholm Hansen, Bestyrelsesformand & Steffen Ulrich-Lynge, CEO 13 ”takuss”