City of Prince George : 2010 Annual Report OverviewOverv·ew 4 Chairman’s Report 4 2010 Industry Overview 4 2010 PGAA’s Passenger Activity 4 Telling the PGAA Story in 2010 4 Hurdles to Cargo/Tech stop Growth 4 2010 Accomplishments 4 2010 Financials 4 Q&A YXS - Prince George Airport Authority • www.pgairport.ca Chairman’san's ReportReport 4 2010 Annual Report – Going completely green with the 2010 annual report – Posted on the PGAA website: 1830h May 18 4 2010 Renewal of Board Members – Ron Epp: City of PG – Tom Newell: Government of Canada – Andy Clough: Government of Canada – Al Leier: Prince George Airport Authority 4 New 2011 nominee: Chamber of Commerce YXS - Prince George Airport Authority • www.pgairport.ca Industry Activity 4 Passenger traffic 2010: – In North America increased 7.4% – In Canada increased 4.2% 4 Global Air Cargo Traffic increased 8.9% – Asia Pacific traffic up 14.3% 4 CAD has moved to $1.00 US YXS - Prince George Airport Authority • www.pgairport.ca Passengeras Activity 4 2010: 390,340 Passengers 4 2009: 376,030 Passengers 4 3.8% increase in Passengers 4 Air Canada and WestJet continue to operate 9 flights per day to Vancouver connecting PG to the World YXS - Prince George Airport Authority • www.pgairport.ca TellingTel ing thethe PGAAPGAA StoryStory 4 Sales and Marketing Events: – Routes World (Cargo & Passenger carriers) – Chinese logistics companies in PG – Canadian Trade Mission to China (Logistics) – Northern BC Trade Mission (Expo) 4 Cargo Carrier Meetings – Feedback: Fuel prices and government fees 4 Passenger Carrier Meetings – Calgary, Las Vegas, Sunspots YXS - Prince George Airport Authority • www.pgairport.ca Telling·ng thethe PGAAPGAA StoryStor 4 Partners Presentations: – City of Prince George – Regional District of Fraser Ft. George – Initiatives PG – Northern Development Initiatives Trust – Chamber of Commerce 4 Community Presentations – 2 Rotary – Executive MBA UNBC – Yellowhead Mayors Conference YXS - Prince George Airport Authority • www.pgairport.ca TellingTelling thehe PGAAPGAA StoryStory 4 Other Stakeholders: – Transport Canada (National & Regional) • Air Policy, Safety, and Security – Department of Foreign Affairs • Open Skies, Marketing Awareness – Federal Transport Minister – Federal Minister of Public Safety – Federal Minister of the Asia Pacific Gateway – Premier of British Columbia – Provincial Transport Minister – Provincial Minister of Finance – Nav Canada YXS - Prince George Airport Authority • www.pgairport.ca HurdlesHu les toto GrowGrow thethe Cargo/TechCargo/ ech StopStop BusinessBusiness 4 Common Fuel Storage/Fuel Pricing 4 Cross‐dock Facility 4 Ground Support Equipment 4 Expanded Cargo Apron 4 Nav Canada Fees 4 CBSA Coverage and Cost 4 Cargo Open Skies/Tech Stop Designation 4 Awareness YXS - Prince George Airport Authority • www.pgairport.ca 20102010 AccomplishmentsAccomplishments CargoCargo Tech stopstop 4 Agreement with Sands Bulk Sales on a common fuel storage (complete 2011) 4 Agreement with Western Star Ventures on a cargo facility (complete 2011) 4 Allied Aviation acquired main‐deck loader, Ground Power and Air‐start units 4 PGAA accepted into the Asia Pacific Gateway marketing program YXS - Prince George Airport Authority • www.pgairport.ca 2010O AccomplishmentsAccomplis ment 4 4 Year Agreement with PSAC 4 Implemented New Phase 2 Safety Management System 4 Live Emergency Response Exercise YXS - Prince George Airport Authority • www.pgairport.ca 20102010 AccomplishmentsAccomplishments Capital/FinanceCapital/Finance 4 Capital improvements: $1,374,000 – Expand the Emergency Response Vehicle Bay – Water Sampling Station – Improved Nav Aids (RVR basic infrastructure) – 2 Replacement Vehicles 4 Renegotiated our NDIT loan agreement: – 5% fixed interest rate to floating (~2% better) – Deferred start of repayment of interest (Nov 2012) and principle (Nov 2015) 4 Strong Financial Performance in 2010 YXS - Prince George Airport Authority • www.pgairport.ca 20102010 FinancialFinancial PerformancePerformance YXS - Prince George Airport Authority • www.pgairport.ca Statement of Operations 2010 2009 Revenue $ 4,882,031 $ 4,595,040 Expenses 4,791,895 4,946,492 Operating surplus (deficiency) 90,136 (351,452) Other revenue 1,683,249 1,021,223 Excess of revenue over expenses $ 1,773,385 $ 669,771 YXS - Prince George Airport Authority • www.pgairport.ca Financial Positionp 2010 2009 Current assets $ 2,348,324 $ 1,491,029 Capital assets 54,197,138 55,271,077 Total $ 56,545,462 $ 56,762,106 YXS - Prince George Airport Authority • www.pgairport.ca Financial Position Cont’d 2010 2009 Current liabilities $ 6,801,082 $ 8,186,198 Long-term debt 11,973,994 11,507,455 Deferred contributions 28,119,674 29,191,126 Net assets 9,650,712 7,877,327 Total $ 56,545,462 $ 56,762,106 YXS - Prince George Airport Authority • www.pgairport.ca IfI II CanC n LeaveLeave YouYou Withw·th One0 ThoughtThought HereHere Today!Today! “A mile of road takes you a mile! A mile of runway gives you the world!” YXS - Prince George Airport Authority • www.pgairport.ca 4141 Airport Road-10 Prince George, British Columbia Canada V2N 4M6 Telephone: 250-963-2400 Facsimile: 250-963-3462 Email: [email protected] THANK YOU • www.pgairport.ca .