Airports of Thailand Plc. For 6 Months of Fiscal Year 2018 (October 2017 – March 2018) 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 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 known 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 39 airports INTERNATIONAL AIRPORT CHIANG MAI INTERNATIONAL Airports of Thailand Public Company Limited 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 Phetchabun o Phuket International Airport (HKT) Roi Ed DON MUEANG o Hat Yai International Airport (HDY) INTERNATIONAL Surin * AIRPORT Buri Ram Ubon Ratchathani o Mae Fah Luang-Chiang Rai International Airport (CEI) Nakhon Ratchasima SUVARNABHUMI AIRPORT Department of Airports (DOA) AOT Airports U-Tapao Hua Hin o 29 regional airports DCA Airports Trad Bangkok Airways Airports Royal 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 Yala Note: * 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 14, 2017) ▪ Listed on 11 March 2004 ▪ Shares outstanding 14,285.70 Million* 1. MINISTRY OF FINANCE 70.00% ▪ Shareholders 2. THAI NVDR COMPANY LIMITED 4.28% •Ministry Of Finance 70% •Free Float 30% 3. SOUTH EAST ASIA UK (TYPE C) NOMINEES 2.84% ▪ Average Daily Market Cap (Oct 17 – Mar 18) LIMITED •927,897.2 Million Baht 4. STATE STREET BANK EUROPE LIMITED 1.98% Note : * Change in Par value of AOT share from 10 Baht per share to 1 Baht per share, effective since February 9, 2017. 5. SOCIAL SECURITY OFFICE 1.13% Fiscal EPS (Baht)1 Dividend Dividend Dividend Year (The Company) per share payout Yield 6. CHASE NOMINEES LIMITED 0.90% (Baht) ratio 7. BNY MELLON NOMINEES LIMITED 0.56% 2011 1.82 0.80 43.96% 2.03% 8. HSBC (SINGAPORE) NOMINEES PTE LTD 0.53% 2012 4.54 1.80 39.65% 2.26% 9. THE BANK OF NEW YORK MELLON 0.51% 2013 11.43 4.60 40.23% 2.44% Dividend Policy 2014 8.51 3.40 39.95% 1.42% Not less than 25% of net profit of the company for 20152 13.11 6.54 49.96% 2.33% each year after deduction of all specified reserves, subject to our investment plans and other 2016 13.67 6.83 49.96% 1.71% considerations that our Board of Directors deems appropriate 2017 1.44 0.86 59.64% 1.46% Note: 1. EPS using for calculating the dividend is from the company financial statements. 2. AOT’s Board of Directors approved the payment of interim dividend for the first half of accounting year 2015 from Oct. 1, 2014 to March 31, 2015. 4 Aircraft Movement Statistics (6M FY2018) AOT Traffics LCCs Traffics (Unit: Thousand) (Unit: Thousand) 823.57 776.92 391.78 707.56 344.96 303.40 374.20 408.23 342.04 260.85 415.85 436.81 227.03 216.61 208.04 194.86 205.17 210.13 139.05 132.13 365.52 402.72 415.34 205.72 231.64 117.93 130.93 95.36 62.73 77.56 FY 2015 2016 2017 6M 2017 6M 2018 FY 2015 2016 2017 6M 2017 6M 2018 International Domestic International Domestic 6M FY2017 6M FY2018 YoY% 6M FY2017 6M FY2018 YoY% BKK 173,110 181,967 5.12% BKK 16,350 21,946 34.23% DMK 127,622 134,087 5.07% DMK 117,119 125,911 7.51% BKK+DMK 300,732 316,054 5.09% BKK+DMK 133,469 147,857 10.78% CNX 37,907 38,086 0.47% CNX 20,977 23,633 12.66% HDY 15,198 14,235 (6.34%) HDY 11,499 11,788 2.51% HKT 53,280 58,375 9.56% HKT 23,018 26,420 14.78% CEI 8,733 10,067 15.28% CEI 5,898 6,919 17.31% Total 415,850 436,817 5.04% Total 194,861 216,617 11.16% 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 (6M FY2018) AOT Traffics LCCs Traffics (Unit: Million) (Unit: Million) 129.19 119.92 60.06 106.78 53.26 56.66 51.86 43.86 45.45 72.39 38.64 65.61 34.44 34.51 29.91 30.59 29.90 29.49 21.37 72.53 19.73 61.33 68.06 36.12 41.80 18.75 21.42 13.96 10.18 13.07 FY 2015 2016 2017 6M 2017 6M 2018 FY 2015 2016 2017 6M 2017 6M 2018 International Domestic International Domestic 6M FY2017 6M FY2018 YoY% 6M FY2017 6M FY2018 YoY% BKK 29,944,800 32,619,110 8.93% BKK 2,593,939 3,470,309 33.79% DMK 18,521,935 20,457,084 10.45% DMK 17,833,227 19,972,385 12.00% BKK+DMK 48,466,735 53,076,194 9.51% BKK+DMK 20,427,166 23,442,694 14.76% CNX 5,279,243 5,764,451 9.19% CNX 3,242,823 3,726,676 14.92% HDY 2,176,429 2,154,975 (0.99%) HDY 1,791,076 1,871,952 4.52% HKT 8,427,791 9,917,580 17.68% HKT 3,503,836 4,290,468 22.45% CEI 1,264,310 1,478,287 16.92% CEI 951,930 1,108,676 16.47% Total 65,614,508 72,391,487 10.33% Total 29,916,831 34,440,466 15.12% 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: FY2014 – 2018 (Unit: Thousand) 80 75 FY 2014 70 FY 2015 65 FY 2016 Aircraft Movements (FY2017) 60 55 FY 2017 International Domestic Total FY 2018 3.13% 9.10% 6.00% 50 45 Jul Oct Nov Dec Jan Feb Mar Apr May Jun Aug Sep (Unit: Million) 13 12 FY 2014 11 FY 2015 Passenger Movements (FY2017) 10 FY 2016 9 International Domestic Total 8 FY 2017 6.57% 9.26% 7.73% 7 FY 2018 6 5 Jul Oct Nov Dec Jan Feb Mar Apr May Jun Aug Sep 7 Airport Revenues (6M FY2018) Landing & Parking Charges 20% increased on Jan 1st, 2005 15% increased on Apr 1st, 2007 Aeronautical Departure Passenger Service Effective on Feb 1st, 2007 Charges (PSC) 57% 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, Advance Passenger Processing System (APPS), etc. 43% Concession Varies by activities such as Duty Free, Souvenirs, Food & Beverage, Airline Catering, Fueling Services, Car Parking, Advertising, Banking, etc. 8 Revenues Breakdown (6M FY2018) Total Revenue By Proportion (Unit: Million Baht) 6M FY2017 6M FY2018 54,901.16 50,961.95 12.49% 11.91% 43,968.99 26.37% 27.11% 30,929.22 27,277.86 13.00% 42.69% 12.52% 43.52% 3.98% 3.63% 1.31% 1.47% By Growth (Unit: Million Baht) FY 2015 2016 2017 6M 2017 6M 2018 FY2015 FY2016 FY2017 6M FY17 6M FY18 YoY LPC 5,744.40 6,433.26 6,731.61 3,405.91 3,682.32 8.12% Landing & Parking charges (LPC) PSC 19,570.37 21,968.21 23,285.00 11,644.37 13,461.02 15.60% Departure Passenger service charges (PSC) ASC 709.96 786.20 808.80 400.68 404.16 0.87% A/C Service charges (ASC) OPR 1,875.78 1,992.80 2,264.83 1,086.48 1,124.51 3.50% Office and state property rents (OPR) SVR 4,337.33 6,161.45 7,059.20 3,547.20 3,871.74 9.15% Service revenues (SVR) CCR 11,731.15 13,620.03 14,751.72 7,193.22 8,385.47 16.57% Concession revenues (CCR) Total 43,968.99 50,961.95 54,901.16 27,277.86 30,929.22 13.39% 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 .