MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report
2011 Annual Report MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report
CONTENTS
3 Mission and Vision ------4 - 5 Messages ------6 - 7 Board of Directors ------8 –22 Operational Reports ------23 -32 Financial Report ------33 –34 Completed Projects ------35 Plans for 2012 ------36 Future Plan MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report
Vision
To operate a major airport hub in the Asia Pacific Region manned by professionally competent and widely experienced men and women committed to provide quality and efficient service to its clients.
Mission
We are dedicated to operate an airport using the optimum standards of aviation to ensure safety, security and comfort of all airport users and stakeholders. We are a socially responsible organization that cares for people and the environment while promoting tourism and business development. We commit to achieve synergy among all stakeholders to build a lasting culture of excellence, service and profitability. MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
M e s s a g e MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report GM/CEO’S MESSAGE
Republic of the Philippines DEPARTMENT OF TRANSPORTATION AND COMMUNICATIONS MACTAN - CEBU INTERNATIONAL AIRPORT AUTHORITY OFFICE OF THE GENERAL MANAGER
The year 2011 was a very good year of Mactan Cebu International Airport. Aircraft and passenger traffic grew and major projects started like the Expansion of Passenger Terminal Building. There is a rapid growth in aviation industry as evidenced by the increasing aircraft and passenger traffic. At present the terminal is congested as the terminal was designed for a 4.5M passengers. This project will address to the growing need for a wider and bigger terminal. Very soon this project will benefit the kind of facilities and services that passengers and airlines need.
We welcomed four (4) new airlines (Tiger Airways, Air Busan, Jin Air and Jeju Air) in 2011 thereby providing travelers with an additional choice when traveling to destinations such as Singapore, Pusan and Incheon.
Despite the global financial crisis and the various natural calamities in the Philippines and around the world Mactan Cebu International Airport performed very well financially. From a revenue of 1.23B in 2010 to P 1.349B in 2011, an increase 122.67M or that is 10% growth rate.
Engr. Nigel Paul Villarete General Manager MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
B o a r d o f D i r e c t o r s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT BOARD OF DIRECTORS
Chairman Vice Chairman Member
Secretary Manuel Roxas II Secretary Ramon R. Jimenez Jr. Gov. Gywendolyn F. Garcia Department of Transportation & Department of Tourism Province of Cebu Communications
Member Member Member
Engr. Nigel Paul Villarete Secretary Leila De lima Secretary Cesar Purisima Mactan Cebu International Airport Department of Justice Department of Finance Authority
Member Member Member
Dir. Gen. Ramon Gutierrez Melanie C. Ng Rogelio Q. Lim CAAP Private Sector Private Sector
Board Member Member Secretary
Evelyn A. Ramirez Pericles Dakay Francis O. Monera Mactan Cebu International Airport Private Sector Private Sector Authority Alternate Board of Directors
USEC Aristotle Batuhan USEC Maria Victoria V. Jasmin USEC Vicente Salazar Dir. Ma. Edita Z.. Tan DOTC DOT DOJ DOF MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
O p e r a t i o n a l R e p o r t s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report Highlights 2011
Aircraft Movements 20 % 12 % Growth Growth Int’l Aircraft Domestic Aircraft
Military 3% Gen Av 36% Domestic 50% Int'l 11% Passenger Movements 22 % 13 % Growth Growth Int’l Passenger Domestic Passenger Gen Av Int'l 1% 23%
Domestic 76% MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 Annual Report
Highlights 2011 (continued)
Volume of Cargo 1 % Growth Domestic Cargo
Int'l 29%
Domestic 71% MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
C a r r i e r s & D e s t i n a t i o n s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
Domestic
Manila Davao Iloilo Bacolod Cagayan Caticlan Ozamis Tacloban Zamboanga Butuan Surigao Puerto Princesa General Santos Dumaguete Pagadian Dipolog Clark Legaspi MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
International
Incheon Hongkong Singapore Pusan Narita Doha Pudong Canton Chengju Daegu Muan MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
A i r c r a f t M o v e m e n t s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
I. D omestic Aircraft Movements
In the last five (5) years, 2006 to 2011 domestic aircraft movements consistently rise in number from 22,128 to 44,300. The volume of domestic aircraft traffic doubled with an increase of 100%. The growth rate from 2010 to 2011 is twelve percent (12%) that is from 39,470 to 44,300 aircraft movements.
2011 Domestic Aircraft
4500
4000
3500
3000
2500
2000
1500
1000
500
0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1991 - 2011 Domestic Aircraft 45,000
40,000 35,000 30,000
25,000 20,000 15,000
10,000
5,000
0 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT II. I nternational Aircraft Movements
Mactan Cebu International Airport set new records in 2011, with international aircraft movements rapidly climbed to twenty percent (20%) compared a year ago. Average annual growth rate from 1991 to 2011 is fourteen percent (14%) that is from 786 in 1991 to 9,509 in 2011.
2011 International Aircraft 1000
900
800
700
600
500
400
300
200
100
0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1991 - 2011 International Aircraft 10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
P a s s e n g e r M o v e m e n t s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT I. D omestic Passenger Movements
Domestic passenger traffic reached 4,748,333 in 2011 with an increase of thirteen percent (13%). In year 2006 passenger traffic was 2,291,952 but five (5) years after it quickly rocketed to 4,748,333, the increase is one hundred seven percent (107%).
2011 Domestic Passenger 500,000
450,000
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1991 - 2011 Domestic Passenger 5,000,000
4,500,000
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT II. I nternational Passengers A sharp increase in the volume of international passenger traffic was recorded recently in Mactan Airport from 1,206,801 to 1,406,613, marking an increase of twenty percent (20%). Average annual growth rate since the start of Mactan Cebu International airport is nineteen percent (19%).
2011 International Passenger 160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1991 - 2011 International Passenger 1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
C a r g o M o v e m e n t s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT I. D omestic Cargoes
Domestic cargo slightly improved by one percent (1%). A total of 36,511 metric tons was recorded at Mactan Cebu International airport in 2011.
2011 Domestic Cargo
4,000,000
3,500,000
3,000,000
2,500,000
2,000,000
1,500,000
1,000,000
500,000
0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1991 - 2011 Domestic Cargo 45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT II. I nternational Cargoes
International cargo declined by eighteen percent (18%) from 18,685 metric tons in 2010 to 15,272 metric tons in 2011. Mactan International Airport was greatly affected by the impact of economic crisis worldwide.
2011 International Cargo
1,600,000
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1991 - 2011 International Cargo
25,000,000
20,000,000
15,000,000
10,000,000
5,000,000
0 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
F i n a n c i a l R e p o r t s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT Revenue Revenue 150
125
100
75
50
25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2010 2011
1991-2011 Revenue
1400000 To sum up the total revenue generated by Mactan Cebu International Airport Authority since it started in 1991 up to 2011 is approximately 11.68B. Total revenue in 1200000 1991 was 34.36M and went up to 1.349B in 2011. The revenue in 2011 is 122.67M higher than that in 2010 , a ten percent (10%) increase.
1000000
800000
600000
400000
200000
0 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT INCOME STATEMENT For the month of December 2011
Current Total Month To date Gross Revenues Aeronautical P 85.30 P 986.42 Non- Aeronautical 10.91 322.32 Total Gross Revenues 96.21 1,308.74 Less: Operating Expenses Personal Services 30.45 216.68 M O O E 47.38 283.23 Total Operating Expenses 77.83 499.91 Net Income Before Taxes & Depreciation 18.38 808.83 Less: Taxes 6.26 560.88 Depreciation 0.48 0.94 Total Taxes and Depreciation 6.74 561.82 Net Income/(Loss) P 11.64 P 247.01 Add: Non Operating Income 3.55 40.31 Net Income Subject to Tax 15.19 287.32 Provision for Income Tax P 86.20 MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
Revenues (2010-2011) (In Million Pesos) December January- December Inc./ Inc./ 2011 2010 (Dec.) 2011 2010 (Dec.) Gross Operating Revenues Aeronautical 85.30 75.33 13% 986.42 869.19 13% Non- Aeronautical 10.91 27.21 (60%) 322.32 316.65 2% 96.21 102.54 (6%) 1,308.74 1,185.84 10% Less: Operating Expenses Personal Services 30.45 42.75 (29%) 216.68 200.36 8% M O O E 47.38 42.36 12% 283.23 264.90 7% Total Operating Expenses 77.83 85.11 (9%) 499.91 465.26 7% Net Income Before Taxes & Depreciation 18.38 17.43 5% 808.83 720.58 12% Less: OperatingTaxes Expenses 6.26 82.26 (92%) 560.88 83.00 576% Depreciation 0.48 11.34 (96%) 0.94 11.34 (92%) 6.74 93.60 (93%) 561.82 94.34 496% Net Operating Income/(Loss) 11.64 (76.17) (115%) 247.01 626.24 (61%) Add: Non Operating Income 3.55 3.38 5% 40.31 40.54 (1%) Net Income Subject to Tax 15.19 (72.79) (121%) 287.32 666.78 (57%)
Provision for Income Tax 86.20 200.03 (57%) MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT Comparative Balance Sheet CY 2011- 2010 (in million pesos) December 2011 2010 Inc./(Dec) ASSETS Current Assets Cash 1,609.01 1,490.55 8% Inventories 21.78 21.73 0% Receivables (Net) 113.10 116.11 (3%) Total Current Assets 1,743.89 1,628.39 7% Other Assets 49.08 60.35 (19%) Contingent Assets 3.40 3.45 (1%) Investments 3.05 3.05 0% Sub-total 55.53 66.85 (17%)
Fixed Assets MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT Comparative Balance Sheet CY 2011- 2010 (in million pesos) December 2011 2010 Inc./(Dec) Fixed Assets Land & Land Improvements (Net) 1,861.01 1,856.01 0% Furnitures, Fixtures, Eqpt. Work Animals and Books (Net) 318.08 316.23 1% Building & Structures (Net) 2,527.83 2,471.71 2% Total Fixed Assets 4,706.92 4,643.95 1%
T O T A L A S S E T S 6,506.34 6,339.19 3% MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT Comparative Balance Sheet CY 2011- 2010 (in million pesos) December 2011 2010 Inc./(Dec) LIABILITIES Current Liabilities Payables 109.06 111.82 (2%) Trust Liabilities 84.11 141.71 (41%) Depository Liabilities Misc. Liab & Deferred Credits 30.96 31.76 (3%) Total Current Liabilities 224.13 285.29 (21%) MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT Comparative Balance Sheet CY 2011- 2010 (in million pesos) December 2011 2010 Inc./(Dec) Residual Equity Cumulative Results of Operations Balance/Retained Earnings 1,687.46 1,459.15 16% Transfer from Other Govt Agencies 2,865.71 2,865.71 0% Invested Capital 1.81 1.81 0% Contingent Capital 3.11 3.11 0% Capital- Miscellaneous 1,724.12 1,724.12 0% Total Residual Equity 6,282.21 6,053.90 4%
TOTAL LIAB.& RESIDUAL EQUITY 6,506.34 6,339.19 3% MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT COMPARATIVE CASHFLOW STATEMENT CY 2011-2010 (in million pesos) December 2011 2010 Inc/(Dec) Cash Flow from Operating Activities Cash Inflow from Operating Activities Cash Receipts from Operations P 1,347.71 P 1,222.31 10% Trust Receipts (BTR/NACAHT) 108.84 89.71 21% Interest Received 38.35 39.30 (2% ) Cash Outflow from Operating Expenses Cash Paid to Suppliers and Employees (850.23) (641.72) 32% Income Taxes Paid (225.43) (17.99) 1153% Net Cash from Operating Activities 419.24 691.61 (39% ) Cash Outflows from Investing Activities Purchase of Property, Plant & Equipment 67.41 216.48 (69% ) Dividends Paid 233.37 411.49 (43% ) Net Cash used in Investing Activities 300.78 627.97 (52% )
Net Inc./(Dec.) in Cash & Cash Equivalents 118.46 63.64 86% Cash & Cash Equivalents at Beginning of Year 1,490.55 1,426.91 4% Cash & Cash Equivalents- ending P 1,609.01 P 1,490.55 8% MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT COMPARATIVE CASHFLOW STATEMENT CY 2011-2010 (in million pesos) December 2011 2010 Inc/(Dec) Breakdown of Cash & Cash Equivalent Current Account- LBP P 78.44 P 115.50 (32% ) Current Account Trust- LBP 9.55 39.49 (76% ) SARO (Nat'l Govt) 0.03 (100% ) Dollar Savings- LBP 23.33 19.33 21% Time Deposit (Peso)- LBP 1,496.20 907.67 65% Time Deposit (Peso) PVB 84.65 (100% ) Collecting Officer (Deposit in transit) 1.29 5.24 (75% ) Other Officers 0.06 (100% ) Treasury Bills 318.58 (100% ) TOTAL P 1,609.01 P 1,490.55 8% MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
C o m p l e t e d P r o j e c t s MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT Completed Projects
Name of Project Cost
1. Feasibility Study of the P 5.5 - MCIAA Construction of the New US$ 1.1M - KOICA Generation Terminal and Updating of Airport Master Plan. 3. Asphalt Overlay at Taxiways – P 9M Juliet and Golf
4. Repainting of Roofing at P 1.4M International Terminal Building
5. Purchase of One (1) Unit Brand P 15M New Structural Fire Truck
6. Repainting of Airfield Pavement P 8.4M Markings
7.Refurbishment of Rest Rooms at P 7.3M International Terminal Building
8. Pavement Surface Cleaning P 1.98M MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
Plans for 2012
Mactan-Cebu International Airport Authority (MCIAA) will soon be renovating the Passenger Terminal Building and will purchase one unit major foam fire truck, three units passenger boarding bridge and one unit friction tester. MACTAN CEBU INTERNATIONAL AIRPORT AUTHORITY 2011 ANNUAL REPORT
Future Plan
Mactan-Cebu International Airport Authority (MCIAA) plans to Construct a New Passenger Terminal and Apron Extension.