Malaysia Airports Today
Total Page:16
File Type:pdf, Size:1020Kb
CONNECTING YOU SEAMLESSLY TO THE WORLD ANNUAL REPORT 2015 OUR VISION To be the global leader in creating airport cities OUR MISSION Together we create joyful experiences by connecting people and businesses MALAYSIA AIRPORTS TODAY A Dynamic Team of Nearly Serving 11,000 >70 Employees Airlines Market Capitalisation Total Equity RM11.56 RM8.8 Billion as at 18 March 2016 Billion as at 31 December 2015 i-MAHB Malaysian airports operated by the group 2 Overseas Airport Investments A B C A International Airports 5 India B Rajiv Gandhi International Airport, Hyderabad MALAYSIA Domestic Airports 16 39 C Turkey STOLPORTS In Malaysia Istanbul Sabiha Gokcen 18 International Airport CONNECTING YOU SEAMLESSLY TO THE WORLD As the custodian of Malaysia’s gateways, we are your connection to the world. We bring people from all over our vibrant nation together with visitors near and far. In our more than two decades of serving the nation, we have endeavoured to provide a joyful experience to all our stakeholders by giving solid returns and operating a business that is efficient, sustainable and ethical; a company that prides itself on the quality of its services and the commitment of its management and employees. As we move forward with our new business strategy, RtS2020, our goal is to transform into a global leader in creating airport cities, thus propelling the company and the nation to greater heights. WHAT’S INSIDE p.40 p.48 p.114 PREFACE PERFORMANCE REVIEW BUSINESS REVIEW • Our Vision 14 Key Financial Highlights 40 Chairman’s Statement • Our Mission 16 Group Segmental Analysis 48 Managing Director’s Review • Malaysia Airports Today 17 Statement of Distribution of Operations 4 Key Milestones 18 Statement of Financial Position 66 Subsidiaries’ Performance 6 Media Highlights 19 Statement of Workforce 70 Corporate Responsibility 8 Letter from the Chairman 20 Group Quarterly Performance 10 Notice of the 17th Annual 21 Group Five-Year Summary General Meeting 23 Five-Year Financial Highlights LEADERSHIP 12 Statement Accompanying Notice 24 Share Price, Volume Traded & 74 Board of Directors of the 17th Annual General Meeting Market Capitalisation 77 Board of Directors’ Profile 13 AGM Administrative Details 25 Group Financial Performance 92 Group Senior Management 30 Airport Performance Benchmark 94 Group Senior Management Profile 33 Dividend Policy 35 Financial Calendar 36 Investor Relations i-MAHB i-MAHB i-MAHB ios icon android icon Enjoy interactive Augmented Reality content by scanning the AR icon 1. Search for i-MAHB 2. Click on the app 3. Once installed, click 4. Click the start 5. Look for the AR icon 6. You may click on the App from Apple to install. (Please open to launch the button from the on the inside flap of interactive button to App Store or check your device Augmented Reality i-MAHB App to the Annual Report explore additional Google Play with compatibility (AR) App. launch the AR cover. Scan this page contents. your smartphone. before installing) camera. with the AR camera to enjoy interactive AR content. CORPORATE FRAMEWORK 314 Passenger Movements 335 Cargo Movements (2006 - 2015) 102 Corporate Profile (2006 - 2015) Malaysia Operations Malaysia Operations 105 Corporate Information 316 International Passenger 337 International Cargo Movements 106 Group Corporate Structure Movements by Sectors at by Sectors at KL International 110 Group Organisational Structure KL International Airport 2015 Airport 2015 114 Calendar of Events 2015 321 International Passenger 343 International Cargo Movements 118 2015 Awards Movements by Airlines at by Sectors at Other International 120 Past Awards & Accolades KL International Airport 2015 Airports in Malaysia 2015 122 Airports Managed by 322 Traffic 2015 Istanbul Sabiha 344 International Cargo Movements Malaysia Airports Gokcen International Airport by Airlines at KL International 323 International Passenger Airport 2015 Movements by Sectors at 345 Mail Movements 2015 GOVERNANCE Istanbul Sabiha Gokcen Malaysia Operations 124 Statement on International Airport 2015 348 Mail Movements (2006 - 2015) Corporate Governance 324 Top 5 Airlines by International Malaysia Operations 148 Additional Compliance Information Passengers at Istanbul Sabiha 350 International Mail Movements 150 Statement on Risk Management Gokcen International Airport 2015 by Sectors at KL International and Internal Control 325 International Passenger Airport 2015 155 Board Audit Committee Report Movements by Sectors at 354 Movements at MAHB STOLports in 158 Statement of Directors’ Other International Airports Sabah & Sarawak 2015/2014 Responsibility in Malaysia 2015 355 Airlines Operating at KL 326 Commercial Aircraft Movements International Airport 2015 2015 Malaysia Operations 356 Definitions FINANCIAL 329 Commercial Aircraft Movements 357 Statement of Shareholdings 159 Financial Statements (2006 - 2015) 361 Shareholders and Investors 330 Commercial Aircraft Movements Information (2006 - 2015) Malaysia Operations 362 List of Properties AIRPORTS STATISTICS 331 All Aircraft Movements 364 Group Corporate Directory 309 Total MAHB Group Traffic 2015 (2006 - 2015) Malaysia Operations 365 Airport Directory 310 Traffic 2015 Malaysia Operations 332 Cargo Movements 2015 366 Map to the AGM Venue 311 Passenger Movements Malaysia Operations • Proxy Form 2015 Malaysia Operations KUL HUB ESTABLISHING KUL AS THE PREFERRED ASEAN HUB OFFERING PASSENGERS INCREASED CONNECTIVITY AND A SEAMLESS TRANSFER EXPERIENCE KLIA IS LOCATED IN THE HEART OF ASEAN – BEST VALUE IN THE REGION CONNECTING > 600 MILLION PEOPLE WITHIN 4-5 HOURS FLYING TIME INTERNATIONAL PASSENGER SERVICE CHARGES KLIA: RM65 klia2: RM32 100 80 RM101.0 PVG RM94.3 60 RM82.0 RM65.0 RM65.7 HKG 40 RM61.9 BOM 20 BKK RM32.0 0 klia2 KLIA SIN HKG BKK CGK MNL Main KUL SIN LANDING CHARGES 10,000 RM3,075 CGK 9,000 8,000 7,000 RM8,372 6,000 RM7,875 SECOND LARGEST AIRPORT TOTAL PASSENGER TRAFFIC 5,000 GROUP IN THE WORLD IN KLIA IN 2015 4,000 RM5,770 RM5,140 3,000 112 MILLION 2,000 RM4,404 TOTAL PASSENGER HANDLED 49 1,000 RM3,075 INCLUDING ISTANBUL SABIHA MILLION 0 GOKCEN INTERNATIONAL AIRPORT KUL SIN HKG BKK CGK MNL Source: IATA 4 Malaysia Airports Holdings Berhad KEY MILESTONES APPOINTMENT OF NEW OPENING OF KLIA MANAGEMENT TEAM 1998 2003 1991 1999 2004 50% 50% MINISTRY OF INCORPORATION OF MALAYSIA AIRPORTS LISTED FINANCE (INC.) STAKE MALAYSIA AIRPORTS ON MAIN BOARD OF TRANSFERRED TO BURSA MALAYSIA SECURITIES KHAZANAH NASIONAL BERHAD Annual Report 2015 5 KEY MILESTONES 100% FULL ACQUISITION OF ISTANBUL SABIHA klia2 GROUND OPENING OF klia2 GOKCEN INTERNATIONAL BREAKING AIRPORT IN TURKEY CEREMONY 2010 2014 2006 2013 2015 OPENING OF MITSUI MALAYSIA OUTLET PARK KLIA AIRPORTS IS KHAZANAH’S TOP 20 GLC LAUNCHING OF SAMA-SAMA HOTEL GRADUATION FROM GLC TRANSFORMATION INTRODUCTION OF PROGRAMME MALAYSIA AIRPORTS’ NEW VISION AND MISSION 6 Malaysia Airports Holdings Berhad MEDIA HIGHLIGHTS QR CODE Scan this QR code to view more news from MAHB’s website. Annual Report 2015 7 MEDIA HIGHLIGHTS 8 Malaysia Airports Holdings Berhad LETTER FROM THE CHAIRMAN Dear Shareholders ON BEHALF OF THE BOARD OF DIRECTORS, IT IS MY PLEASURE TO ENCLOSE HEREWITH A COPY OF THE ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS OF MALAYSIA AIRPORTS HOLDINGS BERHAD (THE COMPANY OR MAHB) FOR THE YEAR ENDED 31 DECEMBER 2015. The Annual Report also contains the Notice of the 17th Annual General Meeting (the AGM or the Meeting) and a map showing the location of the meeting. The AGM will be held at Gateway Ballroom, Level 1, Sama-Sama Hotel, Kuala Lumpur International Airport, Jalan CTA 4B, 64000 KLIA, Sepang, Selangor Darul Ehsan on Wednesday, 27 April 2016 at 11.00 a.m. Annual Report 2015 9 LETTER FROM THE CHAIRMAN The global economy is picking up and we In line with the Company’s dividend Shareholders who are unable to attend are moving in tandem with the expected policy to distribute a dividend payout the AGM would still be able to exercise growth this year. As a leading global ratio of at least 50% of the consolidated their rights to vote, by completing the airport company, one of our priorities annual net profit after taxation and Proxy Form enclosed in the Annual is to uphold or preserve our reputation minority interest annually, subject to Report, according to the instructions as an aggressive, dynamic and reliable availability of distributable reserves, the as provided in the Proxy Form, and organisation that continues to chart Board is recommending the payment of submitting it to the Registered Office success in a highly competitive global a final single-tier dividend of 4.50 sen per of the Company at Malaysia Airports aviation market, where competition is ordinary share in respect of the financial Corporate Office, Persiaran Korporat tougher and requires bolder decisions year ended 31 December 2015 with a KLIA, 64000 KLIA, Sepang, Selangor and investments for the benefit of all our total quantum of final single-tier dividend Darul Ehsan, not less than 48 hours stakeholders. amounting to RM74.66 million, subject to before the time set for holding the the shareholders’ approval at the AGM. Meeting or any adjournment thereof. I am pleased to share with you in this report a brief overview of ‘Runway to At the AGM, the Board is recommending I look forward to meeting all the Success 2020 (RtS2020)’, our next the re-election of four (4) Directors who shareholders at the forthcoming AGM five-year business plan that will position are due for retirement, namely, Dato’ Sri and to share the latest issues and Malaysia Airports for further growth.