Airports of Thailand Plc. Corporate Presentation for Q1 of Fiscal Year 2010 (October 2009 – December 2009) 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 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. 2 Investor Relations Center, Email: [email protected] Tel: (662)535-5900, Fax (662)535-5909 Airports in Thailand Total of 38 airports CHIANG RAI INTERNATIONAL CHIANG MAI AIRPORT INTERNATIONAL 4 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 o Mae Sot Sakon Nakhorn Chiang Mai International Airport (CNX) Phitsanulok Khon Kaen Phetchabun o Hat Yai International Airport (HDY) Roi Et o Phuket International Airport (HKT) Surin DON MUANG Buri Ram o Mae Fah Luang-Chiang Rai International Airport (CEI) 2 INTERNATIONAL Nakhon Ratchasima Ubon Ratchathani AIRPORT SUVARNABHUMI AIRPORT 4 AOT Airports Department of Civil Aviation (DCA) U-Tapao Hua Hin o 28 regional airports DCA Airports Trad Bangkok Airways Airports Chumpon 4 Royal Thai Navy Royal Thai Navy Airport o U-Tapao Airport Ranong Surattani Samui 4 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 Airports of Thailand PLC 1. Ministry of Finance 70.00% Listed on 11 March 2004 2. Nortrust Nominees LTD 4.97% Shares outstanding 1,428.57 million 3. State Street Bank and Trust Company for 2.92% Shareholders Australia •Ministry Of Finance 70% •Free Float 30% 4. Chase Nominees Limited 1 2.72% Average Daily Market Cap (Oct 09 - Dec 09) 5. Nortrust Nominees Limited – Melbourne 2.01% •BHT 56,605.88 M Branch Future 6. Thai NVDR Company Limited 1.76% Fiscal EPS Dividend Dividend Dividend 7. Somers (U.K.) Limited 0.81% Year (Baht)1 per share payout Yield 8. Social Security Office 0.64% (Baht) (The Company) ratio As of December 23, 2009 20062 7.26 2.75 37.88 % 4.74% Dividend Policy 2007 0.84 0.40 47.61% 0.64% Not less than 25% of net profit of the company for each year after deduction of all specified reserves, 2008 5.15 2.58 50.09% 8.32% subject to our investment plans and other 2009 0.59 0.42 71.19% 0.99% considerations that our Board of Directors deems 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 Investor Relations Center, Email: [email protected] Tel: (662)535-5900, Fax (662)535-5909 Aircraft Movement Statistics AOT Traffics LCCs Traffics % ( .96 12. Major LCCs Airline 0 06% (Unit: Thousand) (Unit: Thousand) 394.05 ) 390.30 • Domestic (3 airlines) 346.54 (0.6 Thai Air Asia 7%) ( 17 173.38 .3 175.06 0% Nok Air 105.26 ) 149.86 104.56 One-Two-Go/Orient 86.47 Thai Airlines % • International 19.61 78.97 75.98 (12 airlines) 57.16 215.24 220.67 97.22 196.68 81.29 8.00% 43.22 Air Asia 4 33.35 26.28 47.94 54.00 Thai Air Asia 17.74 28.58 29.31 17.38 Tiger Airways 26.29 11.22 2007.00 2008.00 2009.00 Q1_09 Q1_10 6.52 8.90 International Domestic Jetstar Asia 2007 2008 2009 Q1_09 Q1_10 Q1_FY09 Q1_FY10 YoY% Jetstar Airways International Domestic BKK 54,889 66,894 21.87% Cebu Pacific Air Q1_FY09 Q1_FY10 YoY% DMK 8,841 7,911 (10.52%) Air India Express BKK 9,711 12,802 31.83% BKK + DMK 63,730 74,805 17.38% Indonesia Air Asia DMK 2,303 4,580 98.87% HKT 8,961 10,836 20.92% Air Berlin BKK + DMK 12,014 17,382 44.68% HKT 2,464 3,882 57.55% CNX 5,736 7,116 24.06% Condor Flugdienst HDY 1,751 2,798 59.79% CNX 1,817 2,609 43.59% Jeju Air CEI 1,109 1,669 50.50% HDY 1,064 1,686 58.46% Jin Air CEI 386 704 82.38% 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 5 Passenger Movement Statistics % AOT Traffics .08 LCCs Traffics 4 (14 58.30 .10% 56.02 ) (Unit: Million) (Unit: Million) 50.08 % 3.22 (18 21.50 .76 20.82 12.05 12.44 %) 19.47 10.11 9.02 9.11 % 6.72 33.72 35.20 36.80 .43% 30.61 15.30 61 11.45 5.93 3.47 4.30 2.15 2.22 9.37 7.15 2.94 3.42 3.39 1.39 0.76 1.25 2007 2008 2009 Q1_09 Q1_10 2007 2008 2009 Q1_09 Q1_10 International Domestic International Domestic Q1_FY09 Q1_FY10 YoY% Q1_FY09 Q1_FY10 YoY% BKK 8,032,806 11,481,827 42.94% BKK 1,158,042 1,702,477 47.01% DMK 912,040 595,300 (34.73%) DMK 259,884 586,566 125.70% BKK + DMK 8,944,846 12,077,127 35.02% BKK + DMK 1,417,926 2,289,043 61.44% HKT 1,348,719 1,687,052 25.09% HKT 311,915 527,208 69.02% CNX 726,963 936,262 28.79% CNX 224,534 341,149 51.94% HDY 272,641 379,342 39.14% HDY 146,566 216,814 47.93% CEI 143,109 212,862 48.74% CEI 46,452 92,248 98.59% 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 Investor Relations Center, Email: [email protected] Tel: (662)535-5900, Fax (662)535-5909 Monthly Air Traffic Movements: FY 2007 - 2010 (Unit: Thousand) 40 36 FY 2007 32 FY 2008 Aircraft Movements 28 FY 2009 FY 2010 24 (Oct-Jan) 20 t c v pr un Jul O No Dec Jan Feb Mar A May J Aug Sep (Unit: Million) 6 FY 2007 5 Passenger Movements FY 2008 FY 2009 4 FY 2010 (Oct-Jan) 3 ct r pr ov un Jul O N Dec Jan Feb Ma A May J Aug Sep 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 54.19% THB 500 to THB 700 - International PSC (End of Q1/FY 2010) 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 45.81% System Services, etc. Concession Varies by activities such as Duty Free, Souvenirs, (End of Q1/FY 2010) Food & Beverage, Airline Catering, Fueling Services, Car Parking, Advertising, Banking, etc. 8 Investor Relations Center, Email: [email protected] Tel: (662)535-5900, Fax (662)535-5909 Revenue Breakdown (The consolidated financial statements) Total Revenue By proportion (Unit: Million) (1 Q1_FY09 Q1_FY10 % 9.5 2 9% 37.1 ) 26,740.14 16.23% 11.84% 21,502.40 24.31% 19,501.41 23.74% 13.41% 36.17% % 13.24% 15.22 42.05% 5,399.95 6,221.63 8.66% 6.87% 1.68% 1.79% By Growth (Unit: Million) 2007 2008 2009 Q1_09 Q1_10 FY2007 FY2008 FY2009 Q1_09 Q1_10 YoY(%) LPC 3,937.40 4,216.353,114.98 876.68 736.82 (15.95%) Landing & Parking charges (LPC) PSC 8,781.48 10,417.018,676.54 1,953.13 2,615.97 33.94% Pa sse nge r se rvi ce cha rge s (PSC) A/C Service charges (ASC) ASC 427.10 431.75411.06 96.47 104.78 8.62% Office and state property rents (OPR) OPR 1,524.61 1,861.761,698.23 467.38 427.57 (8.52%) Service revenues (SVR) SVR 2,818.54 3,389.29 2,901.28 724.31 823.88 13.75% Concession revenue (CCR) CCR 2,012.28 6,423.984,700.31 1,281.98 1,512.61 17.99% Note: Fiscal Year starting from October to September 9 Airport Expenses (The consolidated financial statements) Personnel Expenses Consisting of employee salaries and bonuses, employee benefits, retirement payments and contributions to employee provident fund 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.