ANNUAL REPORT 2010-11 2 | Airport Development Group Contents About Airport Development Group 4
Total Page:16
File Type:pdf, Size:1020Kb
ADG ANNUAL REPORT 2010-11 2 | Airport Development Group Contents About Airport Development Group 4 Vision, Purpose, Values 5 Board of Directors 6 Chairman's Report 10 Chief Executive Officer's Report 12 Our People 14 Community Involvement 16 Sponsorship 18 Charity 21 Art & Culture 23 Social Media 24 Environment and Sustainability 26 Airline and Airport Support 30 Operations and Development 40 Property 44 Financial Performance Report 46 Fast Facts 50 ANNUAL REPORT 2010-11 | 3 About Airport Development Group Airport Development ADG has been a member Group Pty Limited (ADG) of the Northern Territory is the ultimate parent community since 1998. As part of Australia’s airport company of the ADG privatisation program, Group. we acquired leases from ADG owns 100% shares in the Australian Federal Northern Territory Airports Government for Darwin Pty Limited (NTA) and Tennant International Airport, Alice Creek Airport Pty Limited Springs Airport and Tennant (TCA). NTA owns 100% shares Creek Airport. in Darwin International Each airport lease is for a term Airport Pty Limited (DIA) of 50 years, with an option of a and Alice Springs Airport Pty further 49-year lease. Limited (ASA). ADG is proudly 100% Australian owned. 4 | Airport Development Group • Safety First Vision Purpose Safety is our number one priority. “TO BE THE MOST SUCCESSFUL Our purpose is to provide safe, AIRPORT BUSINESS IN efficient and environmentally • Customer Focused AUSTRALASIA.” sound services that represent Our customers are value for money for our important and our focus on We will achieve this by: customers, and optimise their needs will ensure our • developing a commercial the financial returns to our relevance and success. non-aviation property shareholders. • Honesty & Integrity portfolio of more than We are honest, ethical and $200 million We will do this by: professional in all that we • operating a safe and secure • growing passengers at do. Darwin International airport • Accountability Airport to three million and • providing outstanding We will deliver on our 700 000 at Alice Springs customer service commitments and Airport • developing a sustainable take ownership of our • maintaining the respect of airport (aviation and non- responsibilities. all our airline customers aviation) business • Innovative & Creative • creating a positive work • excelling in environmental We encourage new environment and making and financial management thinking in our team. ADG an attractive place to • maximising long term • Respect for each other work value for our shareholders Our people are our most • being recognised as a • contributing to the NT’s important resource and significant contributor to economic growth and our we appreciate their the NT economy community. values, respect their rights, • ensuring development promote their talents and is done in accordance reward their commitment. with the airport Master Values • Community Engagement Plans and the Airport We recognise that We are an important part Environment Strategies stakeholders and the of our community and we • securing strong and diverse community judge us by the will seek to engage with community support for our way we act. Our reputation them at all levels. airport businesses is paramount and as a result, • Team Work • continuing to outperform we will act with honesty We will work together to other Australasian airports’ and integrity at all times. achieve common goals. growth of Total Shareholder The following is a list of our Return. corporate values that are embedded in our workplace: ANNUAL REPORT 2010-11 | 5 Board of Directors Mr Chris Barlow, Chairman Chris Barlow has over 32 years experience in the aviation industry. From July 2000 until August 2007, Chris was Managing Director and Chief Executive Officer of Australia Pacific Airports Corporation, the operator of Melbourne and Launceston Airports. Prior to that, he had several roles with BAA plc (formerly British Airports Authority), the United Kingdom airports company, including Managing Director of Aberdeen Airport and Corporate Development Director. Chris has also worked in the United Kingdom and North America. He is currently a Director of Asciano, Chairman of their Remuneration Committee and Chairman of the Melbourne Visitor and Convention Bureau. Chris has a Bachelor of Science (Honours) in Civil Engineering. 6 | Airport Development Group Mr Julio Garcia, Ms Alexandra Jeff Pollock, Director Campbell, Director Director (resigned November 2011) Alexandra Campbell is an Jeff Pollock is part of Hastings Julio Garcia is an Executive Associate Director for Hastings Funds Management’s Director in the Infrastructure Funds Management, largely executive management team Group at Industry Funds working with the Australian and holds the dual role of Head Management (IFM). Since Infrastructure Fund and the of Listed Infrastructure and joining IFM in 2008, Julio has Hastings Diversified Utilities Chief Executive Officer of the been responsible for sourcing, Fund, which are listed on the Australian Infrastructure Fund. evaluating and executing new Australian Stock Exchange. Prior to joining Hastings, domestic and international Alexandra represents the Jeff was part of the senior investments and managing Australian Infrastructure management team at Prime existing investments Fund on the Boards of ADG, Infrastructure/Babcock and within IFM’s Australian Port of Geelong and Metro Brown Infrastructure (BBI) infrastructure portfolio. Transport Sydney. Prior to where he was Chief Operating Julio’s experience spans joining Hastings in April 2007, Officer for BBI Transport roles in asset management, Alexandra was a solicitor with Infrastructure. Jeff previously investment banking and Freehills. held senior positions with strategy consulting. Prior to Alexandra has a Bachelor Queensland Treasury and Price joining IFM, Julio held positions of Business and Bachelor of Waterhouse. with Viant Capital, Bank of Laws (Honours) from Monash America, Robertson Stephens Jeff holds a Bachelor of University, a Graduate and Gemini Consulting. Julio Accountancy from the Diploma in Applied Finance is also a director on the boards University of Glasgow, and has and Investments from the of the Port of Brisbane, Ecogen been a member of the Institute Financial Services Institute Energy and Wyuna Water. of Chartered Accountants of of Australia (FINSIA) and a Scotland since 1988. Julio holds a Master of Masters of Applied Finance and Business Administration Investments (FINSIA). degree from the Stanford University Graduate School of Business and a Bachelor of Arts (Public Policy) degree from Stanford University. He is also a Graduate Member of the Australian Institute of ANNUAL REPORT 2010-11 | 7 Company Directors. Roger Lloyd, Director Mr Adrian Croft, Roger Lloyd has 17 years He also played an important Director of funds management role in the government (appointed November 2011) and investment banking advisory business of the experience, with over bank and has an intimate Adrian Croft joined Industry three years with Perpetual knowledge of Government Funds Management (IFM) Investments, including as Head requirements in privately in July 2009 as Investment of Infrastructure, and 12 years financed projects. Director (Infrastructure). Prior with Macquarie Bank and to IFM, Adrian was employed Roger is a Chartered previously Bankers Trust, prior with Credit Suisse (formerly Accountant, a Graduate of to joining Palisade Investment Credit Suisse First Boston - the Australian Institute of Partners in 2008. CSFB) since 1998. For the Company Directors and holds 3 years prior to joining IFM, Roger was in the project a Bachelor of Business from Adrian held the position of finance division of Macquarie’s Kuring-gai College (now Vice President with Credit Investment Banking Group, University Technology Sydney). Suisse’s Tokyo office, where where he focused on Public he managed all aspects Private Partnerships working of arranging leveraged with both Government and and structured financings private sector clients. In this for corporate and private role, Roger was involved in equity clients. Prior to his origination of transactions, appointment to the Tokyo consortium formation, office, Adrian worked in the structuring and arranging New York and Melbourne debt and equity across a offices of CSFB, focusing on broad range of infrastructure debt financing and investment projects. banking. Adrian holds a Bachelor of Economics (Honours)/Bachelor of Laws (Honours) from the University of Sydney. 8 | Airport Development Group Tom Ganley, Tom holds Fellow memberships with CPA Australia, the Institute Company Secretary of Chartered Secretaries and Administrators, the Australian Tom Ganley is Chief Financial Institute of Company Directors Officer of ADG. and the Australian Institute of With over 23 years experience Management. in aviation finance, Tom Ganley Tom is currently a Director on the joined ADG in June 1998. Board of the Northern Territory Previously, Tom held various Chamber of Commerce and senior finance and commercial Industry and is the current Chair management roles at Adelaide of the Northern Territory Brolga and Alice Springs Airports. Tourism Awards. A Justice of the Peace, he has a Bachelor of Accountancy from the University of South Australia, a Graduate Diploma in Applied Corporate Governance and an Australian Institute of Company Director’s Diploma. ANNUAL REPORT 2010-11 | 9 Chairman's Report CHRIS BARLOW I am pleased to report that the Airport Chairman Development Group (ADG) performed