Airports of Thailand Plc. For 1st Quarter of Fiscal Year 2015 (October – December 2014) Investor Relations Department, E-mail: [email protected], Tel: (662) 535-5900, Fax (662) 535-5909 Disclaimer This presentation is intended to assist investors to better understand ththee 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 guaguaranteerantee 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 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 Mueang 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 MUEANG 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 AIRPORT Department of Civil Aviation (DCA) AOT Airports U-Tapao Hua Hin o 28 regional airports DCA Airports Trad Bangkok Airways Airports RlThiNRoyal 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 aircraft traffics account for 82% of Thailand’s aircraft traffics. AOT’s passenger traffics account for 87% of Thailand’s passenger 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 (As of December 19, 2014) . Listed on 11 March 2004 1. MINISTRY OF FINANCE 70.000% . Shares outstanding 1,428.57 Million . Shareholders 2. THAI NVDR COMPANY LIMITED 4.796% •Ministry Of Finance 70% 2.101% •Free Float 30% 3. STATE STREET BANK EUROPE LIMITED . Average Daily Market Cap (Oct 14 – Dec 14) 4. HSBC (SINGAPORE) NOMINEES PTE LTD 1.880% •362,257.70 Million Baht 5. SOCIAL SECURITY OFFICE (2 CASES) 1.093% Fiscal EPS (Baht)1 Dividend Dividend Dividend 6. THE BANK OF NEW YORK MELLON 0.805% Year (The Company) per share payout Yield (Baht) ratio 7. CHASE NOMINEES LIMITED 1 0.750% 2008 5.15 2.58 50.09% 8.32% 8. J.P. MORGAN IRELAND (NOMINEES) LIMITED 655 0.696% 2009 0.60 0.42 70.00% 0.99% 9. THE BANK OF NEW YORK (NOMINEES) LIMITED 0.663% 2010 1.05 0.55 52.38% 1.33% 10. GOVERNMENT PENSION FUND (EQ-TH) 0.618% 2011 1.82 0.80 43.96% 2.03% Dividend Policy 2012 4.54 1.80 39.65% 2.26% Not less than 25% of net profit of the company for each year after deduction of all specified reserves, 2013 11.43 4.60 40.23% 2.44% subject to our investment plans and other considerations that our Board of Directors deems 2014 8.51 3.40 39.95% 1.42% appropriate Note: 1. EPS using for calculating the dividend is from the company financial statements. 4 Aircraft Movement Statistics (Q1 FY 2015) AOT Traffics LCCs Traffics (Unit: Thousand) (Unit: Thousand) 234.30 609.94 559.42 184.99 480.34 285.15 152.80 243.33 156.45 211.75 118.09 102.66 72.60 156.74 170.97 56.31 316.09 324.79 50.55 268.59 69.18 82.89 77.85 36.40 50.14 66.90 87.56 88.08 19.91 22.05 FY 2012 2013 2014 Q1 2014 Q1 2015 FY 2012 2013 2014 Q1 2014 Q1 2015 International Domestic International Domestic Q1 2014 Q1 2015 YoY% Q1 2014 Q1 2015 YoY% BKK 78,875 75,511 (4.26%) BKK 6,566 5,552 (15.44%) DMK 39,892 50,742 27.20% DMK 32,431 44,329 36.69% BKK+DMK 118,767 126,253 6.30% BKK+DMK 38,997 49,881 27.91% CNX 12,305 15,268 24.08% CNX 5,378 8,460 57.31% HDY 4,652 6,006 29.11% HDY 3,802 4,813 26.59% HKT 18,824 20,297 7.83% HKT 6,665 7,571 13.59% CEI 2,191 3,147 43.63% CEI 1,472 1,876 27.45% Total 156,739 170,971 9.08% Total 56,314 72,601 28.92% 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 (Q1 FY 2015) AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 32.69 86.13 87.57 26.61 71.52 31.87 36.38 20.34 22.05 27.20 16.90 13.46 10.46 22.94 25.90 7.84 54.26 51.19 44.32 10.90 7.14 8.88 9.71 10.64 5.10 6.88 14.06 15.00 2.74 3.32 FY 2012 2013 2014 Q1 2014 Q1 2015 FY 2012 2013 2014 Q1 2014 Q1 2015 International Domestic International Domestic Q1 2014 Q1 2015 YoY% Q1 2014 Q1 2015 YoY% BKK 12,976,533 12,902,628 (0.57%) BKK 959,297 877,867 (8.49%) DMK 4,470,576 6,667,203 49.14% DMK 4,340,286 6,261,366 44.26% BKK+DMK 17,447,109 19,569,831 12.17% BKK+DMK 5,299,583 7,139,233 34.71% CNX 1,579,772 1,996,933 26.41% CNX 809,317 1,239,661 53.17% HDY 656,188 859,210 30.94% HDY 553,738 734,489 32.64% HKT 2,938,828 3,064,521 4.28% HKT 964,183 1,069,078 10.88% CEI 322,551 409,865 27.07% CEI 212,038 280,344 32.21% Total 22,944,448 25,900,360 12.88% Total 7,838,859 10,462,805 33.47% 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 Monthly Air Traffic Movements: Aircraft Movements (Unit: Thousand) 65 Thousand) 60 55 Passenger Movements 50 45 40 FY 2011 - 2015 35 30 (Unit: Million) 10 Oct Nov 9 Dec 8 Jan 7 Feb 6 Mar 5 Apr May 4 FY 2011 Jun FY 2012 Oct Jul FY 2013 Nov Aug FY 2014 Dec Sep FY 2015 Jan (Oct-Dec) Feb Mar Apr May FY 2011 Jun FY 2012 Jul FY Aug FY 20142013 Sep FY 2015 (Oct -Dec) 7 Airport Revenues (Q1 FY2015) 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 60% THB 500 to THB 700 - International PSC 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 Rents 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% Concession Varies by activities such as Duty Free, Souvenirs, Food & Beverage, Airline Catering, Fueling Services, Car Parking, Advertising, Banking, etc. 8 Revenues Breakdown (Q1 FY2015) Total Revenue By Proportion (Unit: Million Baht) Q1 FY2014 Q1 FY2015 36,810.41 37,585.46 30,405.28 14.63% 13.74% 24.62% 25.67% 10.66% 10.36% 43.96% 44.16% 4.65% 4.40% 1.48% 1.67% 9,695.13 10,540.32 By Growth (Unit: Million Baht) FY2012 FY2013 FY2014 Q1 FY14 Q1 FY15 YoY 2012 2013 2014 Q1 2014 Q1 2015 FY LPC 4,755.88 4,760.80 5,321.86 1,418.29 1,448.00 2.09% Landing & Parking charges (LPC) PSC 13,183.06 16,684.47 15,991.73 4,261.93 4,654.28 9.21% Passenger service charges (PSC) ASC 489.27 534.31 579.49 143.06 176.25 23.20% A/C Service charges (ASC) OPR 1,593.08 1,756.52 1,838.72 451.17 463.64 2.76% Office and state property rents (OPR) SVR 3,303.21 3,775.01 4,076.96 1,033.85 1,091.96 5.62% Service revenues (SVR) CCR 7,080.78 9,299.29 9,776.70 2,386.83 2,706.19 13.38% Concession revenues (CCR) Total 30,405.28 36,810.41 37,585.46 9,695.13 10,540.32 8.72% Note: Fiscal Year starting from October to September 9 Airport Operating Expenses Employee Benefit Expenses Consisting of : - employee salaries and bonuses, employee benefits, retirement payments and contributions to employee provident fund . - the remunera tion of AOT’ s b oard o f di rec tors an d execu tives as stated in the notice of Capital Market Supervisory Board.