City of Prince George : 2010 Annual Report OverviewOverv·ew

4 Chairman’s Report 4 2010 Industry Overview 4 2010 PGAA’s Passenger Activity 4 Telling the PGAA Story in 2010 4 Hurdles to Cargo/Tech stop Growth 4 2010 Accomplishments 4 2010 Financials 4 Q&A

YXS - Prince George Airport Authority • www.pgairport .ca Chairman’san's ReportReport 4 2010 Annual Report – Going completely green with the 2010 annual report – Posted on the PGAA website: 1830h May 18 4 2010 Renewal of Board Members – Ron Epp: City of PG – Tom Newell: Government of – Andy Clough: Government of Canada – Al Leier: Prince George Airport Authority 4 New 2011 nominee: Chamber of Commerce

YXS - Prince George Airport Authority • www.pgairport.ca Industry Activity

4 Passenger traffic 2010: – In North America increased 7.4% – In Canada increased 4.2%

4 Global Air Cargo Traffic increased 8.9% – Asia Pacific traffic up 14.3%

4 CAD has moved to $1.00 US

YXS - Prince George Airport Authority • www.pgairport .ca Passengeras Activity

4 2010: 390,340 Passengers

4 2009: 376,030 Passengers

4 3.8% increase in Passengers 4 and WestJet continue to operate 9 flights per day to connecting PG to the World

YXS - Prince George Airport Authority • www.pgairport .ca TellingTel ing thethe PGAAPGAA StoryStory

4 Sales and Marketing Events: – Routes World (Cargo & Passenger carriers) – Chinese logistics companies in PG – Canadian Trade Mission to China (Logistics) – Northern BC Trade Mission (Expo) 4 Cargo Carrier Meetings – Feedback: Fuel prices and government fees 4 Passenger Carrier Meetings – Calgary, Las Vegas, Sunspots

YXS - Prince George Airport Authority • www.pgairport .ca Telling·ng thethe PGAAPGAA StoryStor

4 Partners Presentations: – City of Prince George – Regional District of Fraser Ft. George – Initiatives PG – Northern Development Initiatives Trust – Chamber of Commerce

4 Community Presentations – 2 Rotary – Executive MBA UNBC – Yellowhead Mayors Conference

YXS - Prince George Airport Authority • www.pgairport .ca TellingTelling thehe PGAAPGAA StoryStory

4 Other Stakeholders: – (National & Regional) • Air Policy, Safety, and Security – Department of Foreign Affairs • Open Skies, Marketing Awareness – Federal Transport Minister – Federal Minister of Public Safety – Federal Minister of the Asia Pacific Gateway – Premier of – Provincial Transport Minister – Provincial Minister of Finance –

YXS - Prince George Airport Authority • www.pgairport.ca HurdlesHu les toto GrowGrow thethe Cargo/TechCargo/ ech StopStop BusinessBusiness 4 Common Fuel Storage/Fuel Pricing 4 Cross‐dock Facility 4 Ground Support Equipment 4 Expanded Cargo Apron 4 Nav Canada Fees 4 CBSA Coverage and Cost 4 Cargo Open Skies/Tech Stop Designation 4 Awareness YXS - Prince George Airport Authority • www .pgairport.ca 20102010 AccomplishmentsAccomplishments CargoCargo Tech stopstop 4 Agreement with Sands Bulk Sales on a common fuel storage (complete 2011) 4 Agreement with Western Star Ventures on a cargo facility (complete 2011) 4 Allied Aviation acquired main‐deck loader, Ground Power and Air‐start units 4 PGAA accepted into the Asia Pacific Gateway marketing program

YXS - Prince George Airport Authority • www .pgairport .ca 2010O AccomplishmentsAccomplis ment

4 4 Year Agreement with PSAC 4 Implemented New Phase 2 Safety Management System 4 Live Emergency Response Exercise

YXS - Prince George Airport Authority • www.pgairport .ca 20102010 AccomplishmentsAccomplishments Capital/FinanceCapital/Finance

4 Capital improvements: $1,374,000 – Expand the Emergency Response Vehicle Bay – Water Sampling Station – Improved Nav Aids (RVR basic infrastructure) – 2 Replacement Vehicles 4 Renegotiated our NDIT loan agreement: – 5% fixed interest rate to floating (~2% better) – Deferred start of repayment of interest (Nov 2012) and principle (Nov 2015) 4 Strong Financial Performance in 2010

YXS - Prince George Airport Authority • www .pgairport.ca 20102010 FinancialFinancial PerformancePerformance

YXS - Prince George Airport Authority • www.pgairport .ca Statement of Operations

2010 2009

Revenue $ 4,882,031 $ 4,595,040

Expenses 4,791,895 4,946,492

Operating surplus (deficiency) 90,136 (351,452)

Other revenue 1,683,249 1,021,223

Excess of revenue over expenses $ 1,773,385 $ 669,771

YXS- Prince George Airport Authority • www.pgairport.ca Financial Positionp

2010 2009

Current assets $ 2,348,324 $ 1,491,029

Capital assets 54,197,138 55,271,077

Total $ 56,545,462 $ 56,762,106

YXS- Prince George Airport Authority • www.pgairport.ca Financial Position Cont’d

2010 2009 Current liabilities $ 6,801,082 $ 8,186,198 Long-term debt 11,973,994 11,507,455

Deferred contributions 28,119,674 29,191,126 Net assets 9,650,712 7,877,327

Total $ 56,545,462 $ 56,762,106

YXS- Prince George Airport Authority • www.pgairport.ca IfI II CanC n LeaveLeave YouYou Withw·th One0 ThoughtThought HereHere Today!Today! “A mile of road takes you a mile! A mile of gives you the world!”

YXS - Prince George Airport Authority • www .pgairport.ca 4141 Airport Road-10 Prince George, British Columbia Canada V2N 4M6 Telephone: 250-963-2400 Facsimile: 250-963-3462 Email: [email protected]

THANK YOU

• www.pgairport.ca