Infratil Limited · NZX:IFT

Infratil — Investor Presentation (August 2005)

23 slides from Infratil's investor presentation, August 2005

  1. Slide 1: Kent International Airport (KIA)

    Kent International Airport (KIA) August 2005

  2. Slide 2: Overview

    Overview Costs: „ Purchase price of KIA: £17m (+ approx £1m stamp duty and costs) „ Three year capex requirements: £9m „ Operating losses to 31 March 2009: £8-10m „ Total: £35-37m (excl. funding costs & tax grouping benefits with GPA) Key Business Case Assumptions: „ Three years of gradual business

  3. Slide 3: Background

    Background Previously owned by UK listed airport investment & property development company Planestation Group PLC (“PTG”): „ Placed in administration (similar to receivership) in late July 2005 „ PTG also owns now-defunct airline, EU Jet: † EU Jet was KIA’s main passenger airline customer, commencin

  4. Slide 4: Location

    Location KIA is located a few km west of Ramsgate in Kent „ Close to dual carriageways (A299 then the M2/A2), which link it to London „ Catchment based on drive time: † Within 30 min: 500,000 † Within 60 min: 1.9 million Distance to London: 110 km „ Drive time to the M25 (the London ring road) of ap

  5. Slide 5: Site

    Site 5

  6. Slide 6: Physical Assets

    Physical Assets Main Airport Property: „ Ex-Ministry of Defence facility acquired by PTG in 1998 „ Area: 250 hectares, including: † 20 ha inside perimeter fence available for airport related development (esp. additional freight facilities) † 46 hectares of developable land (for airport purposes) is

  7. Slide 7: Physical Assets

    Physical Assets Passenger Terminal: „ Size: 2,800 sqm, recently refurbished „ 6 check-in counters, 3 departure gates and departure lounge seating for 200+ passengers „ Annual capacity: approx. 700,000 pax „ Simple layout suitable for incremental expansion Carparking: „ 12 hectares next to passenger

  8. Slide 8: Physical Assets

    Physical Assets Freight Facilities: „ New Border Inspection Post (3,200 sqm facility) for: † Meat & fish (require cool storage and Government veterinary inspection) † General freight, fruit & vegetables (for which there are no specific quarantine or inspection requirements) „ Smaller older style han

  9. Slide 9: Air Freight

    Air Freight Air Freight - Favourable factors: „ Excellent facilities for all types of aircraft and freight „ Within two hours of central London „ Within half an hour of Dover and Ramsgate ports (access to Europe) „ Heathrow & Gatwick are nearing their movement capacity levels and BAA freight through

  10. Slide 10: Air Freight

    Air Freight Freight business case: „ Expected slow build up over the first 3 years: † Initially primarily reliant on ad hoc charters † Growing the business with scheduled freight services as operators become aware of the opportunities † Pricing at a discount to immediate competitors & promoting spee

  11. Slide 11: Passenger Business

    Passenger Business Outline Business Plan: „ Base plan is to grow passenger traffic to a level achievable for local catchment & distance from London & other population centres (700,000 pax per annum from 1 April 2009 cf GPA @ 2.2m pax per annum in 2005) „ Seek further growth through charters & holida

  12. Slide 12: Passenger Business

    Passenger Business Favourable factors (continued): „ Retail & Carparking: † Immediately adjacent new 1,000 space carpark with new equipment and ample land for extension † Market will be dominated by outbound holidaymakers to Spain & Italy etc. who will generate strong car parking and food & beverage

  13. Slide 13: Passenger Business

    Passenger Business Passenger - Risks: „ Other London airports offer greater passenger choice for both business and leisure destinations „ Not an iconic inbound destination „ No obvious major or “dense” routes. London traffic will drive or train „ Competition on outbound with Eurostar and Channel fer

  14. Slide 14: Asset Condition

    Asset Condition „ Generally, assets are in good to very good condition reflecting recent spending by PTG : † Taxiways and apron £9 million † Border Inspection Post £3.8 million † Carparking land and development £4 million † Upgraded passenger terminal, new perimeter fencing „ Appropriate allowances

  15. Slide 15: Kent International Airport looking East

    Kent International Airport looking East 15

  16. Slide 16: Passenger Terminal

    Passenger Terminal 16

  17. Slide 17: Passenger Terminal

    Infratil Passenger Terminal 17

  18. Slide 18: Passenger Terminal

    Passenger Terminal = Infratil ox | =: | |Telephones Checkin ‘(Information'CafeBar |W 18

  19. Slide 19: Passenger Terminal and Apron Area, Jet Connect Hangar

    Passenger Terminal and Apron Area in background, “Jet Connect” Hangar in Foreground 19

  20. Slide 20: Border Inspection Post, General Freight Hangar

    Border Inspection Post (centre) General Freight Hangar (right) 20

  21. Slide 21: Passenger Terminal Carparking

    Passenger Terminal Carparking 21

  22. Slide 22: Inside Border Inspection Post

    Inside Border Inspection Post 22

  23. Slide 23: www.infratil.com

    infratil www.infratil.com 23

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