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Airports of Thailand Plc. Corporate Presentation – Q2 FY08 (January 2008 – March 2008)

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Airports of Thailand Plc. Corporate Presentation – Q2 FY08 (January 2008 – March 2008) Airports of Thailand Plc. Corporate Presentation – Q2_FY08 (January 2008 – March 2008) Investor Relations Center, Email: [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 looking 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. 1 Agenda o Business Overview o Air Traffic Statistics o Financial Highlights o Q & A 2 Airports in Thailand Total of 37 airports CHIANG RAI INTERNATIONAL CHIANG MAI AIRPORT INTERNATIONAL 4 Airports of Thailand Public Company Limited * 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 o Mae Sot Sakon Nakhorn Chiang Rai International Airport (CEI) Phitsanulok Khon Kaen Phetchabun o Chiang Mai International Airport (CNX) Roi Et o Phuket International Airport (HKT) DON MUANG Buri Ram o Hat Yai International Airport (HDY) INTERNATIONAL Nakhon Ratchasima Ubon Ratchathani AIRPORT SUVARNABHUMI AIRPORT AOT Airports 4 Department of Civil Aviation (DCA) U-Tapao Hua Hin DCA Airports o 27 regional airports Trad Bangkok Airways Airports Chumpon 4 Royal Thai Navy Ranong Royal Thai Navy Airport o U-Tapao Airport Surattani Samui HAT YAI 4 Bangkok Airways Company Nakhon Si Thammarat INTERNATIONAL AIRPORT o Sukhothai Airport Krabi PHUKET o Samui Airport INTERNATIONAL Trang Pattani o Trad Airport AIRPORT Narathiwat * Note: AOT’s traffics account for more than 90% of Thailand’s air traffics. 3 Business Overview Fact Sheet Shareholders Information HSBC Airports of Thailand PLC State Street State Street (Singapore) Goldman Bank and Bank and Nominees Sachs Trust Listed on 11 March 2004 Trust Pte Ltd. International Company For Shares outstanding 1,428.57million Nortrust Company 2.31% 1.3% Australia 2.31% Shareholders Nominees 2.59% Ltd. Thai NDVR •Ministry Of Finance 70% 4.22% 0.94% •Free Float 30% Chase Others Average Daily Market Cap (Jan – Mar 07) Nominees 11.74% Limited •BHT 79,444.37M 4.59% •US$ 2,503.76M Ministry of Fiscal EPS Dividend Dividend Dividend Finance Year * (Baht) per share payout Yield 70.84% (Baht) ratio (Year End) 2004 3.85 1.20 37.83% 2.41% As at January 2008 2005 5.19 1.70 37.89 % 3.40% Dividend Policy 2006 7.26 2.75 37.85 % 4.74% Not less than 25% of net profit of the company for 2007 0.77 0.40 51.95% 0.64% each year after deduction of all specified reserves, subject to our investment plans and other *Note: In FY2006 AOT paid dividend twice: considerations that our Board of Directors deems - On 12 Oct 2006 (Baht 0.95 per share) appropriate - On 23 Feb 2007(Baht 1.80 per share) 4 Airport Capacities Area Capacity Runways Cargo Airports Aircraft Passenger Total Area Terminal Area (Meters) (Acres) (Sq.m.) (Million Metric (Flight/hour) (Million/year) Tons/year) 60 x 3,700 BKK 8,000 563,000 76 45 3.00 2 60 x 4,000 DMK 1,552 391,316 60 36.5 0.91 2 60 x 3,700 45 x 3,500 HKT 47 23,369 20 6.5 0.036 1 45 x 3,000 CNX 642 31,301 24 8 0.035 1 45 x 3,300 HDY 28 14,656 20 1.9 0.013 1 45 x 3,050 CEI 15 16,650 12 1.7 0.005 1 45 x 3,000 Chek Lap Kok 3,101 710,000 55 48 3.00 2 60 x 3,800 Changi 3,212 1,043,020 n/a 68.7 2.00 2 60 x 4,000 60 x 4,000 Incheon 13,880 496,000 n/a 44 2.00 2 60 x 3,750 5 Aircraft Movement Statistics AOT Traffics LCCs Traffics Major LCCs Airline (Unit: Thousand) % (Unit: Thousand) 11.4 • Domestic 6.0% 390.3 350.3 Thai Air Asia 330.4 Nok Air .3% 105.2 175.1 34 148.5 One Two Go Airlines 136.7 % 32.0 78.3 • International 59.3 78.9 .1% Air Asia 6 % 59.4 7.1 106.6 Tiger Airways 1 215.2 100.5 193.7 201.8 43.5 30.2 44.7 48.5 Jetstar Asia 25.8 19.5 22.8 55.8 58.1 Jetstar Airways 26.3 15.8 18.9 6.3 7.4 CEBU Pacific Air 2005 2006 2007 Q2_07 Q2_08 2005 2006 2007 Q2_07 Q2_08 International Domestic Firefly International Domestic Mahin Lanka Airlines Q2_FY07 Q2_FY08 YoY% Q2_FY07 Q2_FY08 YoY% BKK 73,005 67,043 Air India Express BKK 15,750 11,553 DMK 5,722 15,530 Indonesia AirAsia DMK 599 7,888 BKK + DMK 78,727 82,573 4.89% BKK + DMK 16,338 19,441 18.91% HKT 10,674 12,126 13.60% Note HKT 3,590 4,051 12.84% CNX 6,769 7,209 6.50% AOT Average Aircraft CNX 2,884 3,389 17.51% HDY 2,934 2,796 -4.70% Movement Growth Rate HDY 2,248 2,089 -7.07% for the last 6 year is 9.8% CEI 1,393 1,903 36.61% CEI 734 1,286 75.20% * Note: Fiscal Year starting from October to September 6 Passenger Movement Statistics AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 8.1% .5% 9 56.0 % 12.0 51.8 Major Events 30.4 47.3 20.8 2004 % 18.7 29.5 9.2 17.4 •Bird Flu • Southern Violence 7.1 9.1 .5% 2005 7.0 % 11 21.2 16.5 • Tsunami 5.5 3.7 33.1 35.2 14.8 29.9 3.0 6.2 2006 5.5 2.8 2.3 • Coup D’etat 2.9 9.3 10.3 1.6 2.2 •Southern Violence 0.7 0.9 2005 2006 2007 Q2_07 Q2_08 2005 2006 2007 Q2_07 Q2_08 International Domestic International Domestic Note Q2_FY07 Q2_FY08 YoY% Q2_FY07 Q2_FY08 YoY% BKK 11,665,008 11,368,931 AOT Average BKK 1,833,202 1,402,484 Passenger DMK 125,644 1,692,505 Movement Growth DMK 68,717 955,296 BKK + DMK 11,790,652 13,061,436 10.78% Rate for the last 6 BKK + DMK 1,901,919 2,357,780 23.97% year is 8.4% HKT 1,652,955 1,925,647 16.50% HKT 435,884 504,358 15.71% CNX 879,175 937,718 6.66% CNX 362,537 402,973 11.15% HDY 319,239 375,800 17.72% HDY 242,116 277,076 14.44% CEI 187,767 234,719 25.01% CEI 90,622 134,693 48.63% 7 Airport Revenues 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 70.06% THB 500 to THB 700 - International PSC (End of Q2_08) 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. Non-Aeronautical Service Varies by activities such as Utilities, Check-in Counter Services, Airline Announcement Services, Hydrant 29.94% System Services, etc. Concession Varies by activities such as Duty Free, Souvenirs, (End of Q2_08) Food & Beverage, Airline Catering, Fueling Services, Car Parking, Advertising, Banking, etc. 8 Revenue Breakdown Total Revenue By proportion (Unit: Million) 7% Q2_FY07 Q2_FY08 20.0 % 19,501.41 9.04 4.83% 18.70% 8.72% 18.06% 16,240.73 14.72% 14.09% 14,894.40 5.91% 7.14% 2.23% 8% 21.8 6,061.66 1.91% 4,973.61 53.61% 50.08% By Growth (Unit: Million) 2005 2006 2007 Q2_07 Q2_08 FY2006 FY2007 YoY(%) Q2_07 Q2_08 YoY(%) Landing & Parking charges (LPC) LPC 3,468.48 3,937.40 13.52% 930.19 1,094.80 17.70% Pa sse nge r se rvi ce cha rge s (PSC) PSC 6,459.46 8,781.48 35.95% 2,665.92 3,035.73 13.87% A/C Service charges (ASC) ASC 312.98 427.10 36.46% 110.95 116.01 4.56% Office and state property rents (OPR) OPR 962.72 1,524.61 58.36% 293.91 432.94 47.31% Service revenues (SVR) Concession revenue (CCR) SVR 932.72 2,818.54 202.18% 732.31 853.86 16.60% CCR 4,104.49 2,012.28 (50.97)% 240.33 528.31 119.83% * Note: Fiscal Year starting from October to September 9 Airport Expenses Personnel Expenses Consist of employee salaries and bonuses, employee benefits, retirement payments and contributions to employee provident fund Operating Expenses Consist 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 Consist 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 Consists of rental payments made to the Ministry of Finance under the airport land leases Depreciation and Amortization Consist of depreciation charges in respect of the property, plant and equipment as well as amortization in respect of the intangible assets.
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