Airports of Thailand Plc. for the Fiscal Year 2011 (October 2010 – September 20112011))
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27 December 2011 Airports of Thailand Plc. For The fiscal Year 2011 (October 2010 – September 20112011)) Investor Relations Center, E-mail: [email protected], Tel: (662) 535-5900, Fax (662) 535-5909 Disclaimer This presentation is intended to assist investors to better understanding the company’s business and financial status. This presentation may contain forward looklookinging statements relate to analysis and other information which are based on forecast of future results and estimates of amounts not yet determinable. These statements reflect our current views with respect to future events which relate to our future prospects, developments and business strategies and are not guarantee of future performance. Such forward looking statements involve know and unknown risks and uncertainties. The Actual result may differ materially from information contained in these statements. 2 1 27 December 2011 Airports in Thailand MAE FAH LUANG-CHIANG RAI Total of 38 airports INTERNATIONAL AIRPORT CHIANG MAI INTERNATIONAL Airports of Thailand Public Company Limited 1 AIRPORT . 2 in Bangkok and perimeter Pai Mae Hong Son o Suvarnabhumi Airport (BKK) Nan Lampang o Don Muang International Airport (DMK) Phrae Udon Thani . 4 international airports at regional sites Sukhothai Nakhon Phanom Tak Loei Mae Sot Sakon Nakhorn o Chiang Mai International Airport (CNX) Phitsanulok Khon Kaen o Phetchabun Phuket International Airport (HKT) Roi Et DON MUANG o Hat Yai International Airport (HDY) INTERNATIONAL Surin 2 AIRPORT Buri Ram Ubon Ratchathani o Mae Fah Luang-Chiang Rai International Airport (CEI) Nakhon Ratchasima SUVARNABHUMI AIRPORTAIRPORT Department of Civil Aviation (DCA) AOT Airports U-Tapao Hua Hin o 28 regional airports DCA Airports Trad Bangkok Airways Airports Royal Thai Navy Chumpon Royal Thai Navy Airport o U-Tapao Pattaya International Airport Ranong Surattani Samui Bangkok Airways Company HAT YAI Nakhon Si Thammarat INTERNATIONAL o Sukhothai Airport AIRPORT Krabi o Samui Airport PHUKET INTERNATIONAL Trang Pattani o Trad Airport AIRPORT Narathiwat Note: 1. AOT’s traffics account for more than 90% of Thailand’s air traffics. 2.Changing from Chiang Rai International Airport to Mae Fah Luang–Chiang Rai International Airport since March 13, 2010. 3 Business Overview Fact Sheet Shareholders Information . Listed on 11 March 2004 . Shares outstanding 1,428.57 Million 1. Ministry of Finance 70.00 % . Shareholders 2. Nortrust Nominees LTD. 4.97 % •Ministry Of Finance 70% 3. State Street Bank and Trust Company for 2.86 % •Free Float 30% Australia . Average Daily Market Cap (Oct 10 - Sep 11) 4. Chase Nominees Limited 1 2.44 % •BHT 55,412.64 Million 5. Nortrust Nominees Limited-Melbourne 2.06 % Fiscal EPS (Baht)1 Dividend Dividend Dividend Branch Future Fund Clien Year (The Company) per share payout Yield 6. Thai NVDR Company Limited 1.51 % (Baht) ratio 7. Social Security Office 0.89 % 20062 7.26 2.75 37.88% 4.74% 8. American International Assurance Company, 0.55 % Limited-Tiger 2007 0.84 0.40 47.61% 0.64% As of December 23, 2010 2008 5.15 2.58 50.09% 8.32% Dividend Policy 2009 0.60 0.42 70.00% 0.99% Not less than 25% of net profit of the company for each year after deduction of all specified reserves, 2010 1.05 0.55 52.38% 1.33% subject to our investment plans and other considerations that our Board of Directors deems 2011 1.82 0.80 43.96% 2.03% appropriate Note: 1. EPS using for calculating the dividend is from the company financial statements. 2. In FY2006 AOT paid dividend twice: - On 12 Oct 2006 (Baht 0.95 per share) - On 23 Feb 2007(Baht 1.80 per share) 4 2 27 December 2011 Aircraft Movement Statistics (12 months) AOT Traffics Major LCCs Airline LCCs Traffics (Unit: Thousand) • Domestic (3 airlines) (Unit: Thousand) Thai Air Asia 441.44 Nok Air 132.73 394.05 385.77 One-Two-Go/Orient 346.54 104.56 108.12 193.05 Thai Airlines 173.38 170.12 86.96 149.86 • International 92.10 (15 airlines) 75.98 72.28 57.16 248.39 Air Asia 220.67 196.68 215.65 Thai Air Asia 28.58 29.80 35.84 40.63 Tiger Airways FY 2008 2009 2010 2011 FY 2008 2009 2010 2011 Jetstar Asia International Domestic International Domestic Jetstar Airways FY2010 FY2011 YoY% FY2010 FY2011 YoY% CEBU Pacific Air BKK 261,782 288,540 10.22% BKK 48,390 52,757 9.02% Indonesia Air Asia DMK 33,603 47,508 41.38% Air Berlin DMK 21,595 31,222 44.58% BKK+DMK 295,385 336,048 13.77% Condor Flugdienst BKK+DMK 69,985 83,979 20.00% CNX 27,422 30,800 12.32% Jeju Air CNX 10,521 14,387 36.75% HDY 11,116 13,678 23.05% Jin Air HDY 7,201 10,664 48.09% HKT 46,132 55,110 19.46% Firefly HKT 17,832 20,515 15.05% CEI 5,714 5,804 1.58% Tomsonfly CEI 2,584 3,182 23.14% Total 385,769 441,440 14.43% Air India Express Total 108,123 132,727 22.76% Note: 1. Fiscal Year starting from October to September IndiGO Airlines 2. The percentage growth as shown is calculated from the full number of the air traffic statistics 5 Passenger Movement Statistics (12 months) AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 66.30 17.65 58.30 57.42 50.08 24.19 13.99 12.44 21.50 21.59 11.84 19.47 10.22 9.20 9.02 6.72 42.11 36.80 35.83 30.61 5.81 3.42 3.50 4.79 FY 2008 2009 2010 2011 FY 2008 2009 2010 2011 International Domestic International Domestic FY2010 FY2011 YoY% FY2010 FY2011 YoY% BKK 42,496,950 47,800,585 12.48% BKK 6,266,204 7,352,443 17.33% DMK 2,758,831 3,972,876 44.01% DMK 2,710,721 3,871,991 42.84% BKK+DMK 45,255,781 51,773,461 14.40% BKK+DMK 8,976,925 11,224,434 25.04% CNX 3,182,980 3,680,390 15.63% CNX 1,312,442 1,735,147 32.21% HDY 1,464,984 1,834,568 25.23% HDY 971,959 1,437,954 47.94% HKT 6,797,098 8,206,405 20.73% HKT 2,375,509 2,832,809 19.25% CEI 724,241 805,842 11.27% CEI 358,829 416,643 16.11% Total 57,425,084 66,300,666 15.46% Total 13,995,664 17,646,987 26.09% Note: 1. Fiscal Year starting from October to September 2. The percentage growth as shown is calculated from the full number of the air traffic statistics 6 3 27 December 2011 Monthly Air Traffic Movements: FY 2007 - 2011 (Unit: Thousand) FY 2007 FY 2008 Aircraft Movements FY 2009 FY 2010 FY 2011 (Unit: Million) FY 2007 Passenger Movements FY 2008 FY 2009 FY 2010 FY 2011 7 Airport Revenues (The consolidated financial statements) Landing & Parking Charges 20% increased on Jan 1st, 2005 15% increased on Apr 1st, 2007 Aeronautical Passenger Service Charges (PSC) Effective on Feb 1st, 2007 59.95% THB 500 to THB 700 - International PSC (For FY 2011) THB 50 to THB 100 - Domestic PSC Aircraft Service Charges Fees paid by airlines for use of boarding bridges, varies by maximum take off weight of the aircraft and length of time at a gate Office & State Property Rental Rental tenants include airline, government agencies and concession tenants. Rents are determined based on the tenants’ business use at each of our airports. Service Varies by activities such as Utilities, Check-in Counter Non-Aeronautical Services, Airline Announcement Services, Hydrant System Services, etc. 40.05% Concession Varies by activities such as Duty Free, Souvenirs, (For FY 2011) Food & Beverage, Airline Catering, Fueling Services, Car Parking, Advertising, Banking, etc. 8 4 27 December 2011 Revenue Breakdown (The consolidated financial statements) Total Revenue By proportion (Unit: Million) FY 2010 FY 2011 28,640.69 26,740.14 24,032.61 21,502.39 By Growth (Unit: Million Baht) FY2008 FY2009 FY2010 FY2011 YoY(%) FY 2008 2009 2010 2011 LPC 4,216.35 3,114.98 3,407.11 4,370.34 28.27% PSC 10,417.01 8,676.54 10,180.50 12,334.06 21.15% Landing & Parking charges (LPC) ASC 431.75 411.06 418.34 465.00 11.15% Passenger service charges (PSC) OPR 1,861.76 1,698.23 1,615.82 1,718.26 6.34% A/C Service charges (ASC) SVR 3,389.29 2,901.28 3,127.57 3,311.25 5.87% Office and state property rents (OPR) Service revenues (SVR) CCR 6,423.98 4,700.31 5,283.27 6,441.77 21.93% Concession revenue (CCR) Total 26,740.14 21,502.39 24,032.61 28,640.69 19.17% Note: Fiscal Year starting from October to September 9 Airport Expenses (The consolidated financial statements) Management Benefit Expenses Consisting of the remuneration of AOT’s board of directors and executives as stated in the notice of Capital Market Supervisory Board Personnel Expenses Consisting of employee salaries and bonuses, employee benefits, retirement payments and contributions to employee pporovide nt fu n d Operating Expenses Consisting of electricity charges, costs related to outsourced workers, property taxes, consultant fees, telephone, advertising and public relations costs, water, insurance premium costs and etc. Repair and Maintenance Consisting of repair and maintenance of runways and taxiways, elevators, escalators and cover walkways, air conditioning systems, conveyor belts, transportation equipment and construction and electrical appliances State Properties Rental Consisting of rental payments made to the Ministry of Finance under the airport land leases Depreciation and Amortization Consisting of depreciation charges in respect of the property, plant and equipment as well as amortization in respect of the intangible assets.