Welcome Annual Public Meeting

Transcription

1 Welcome to the GTAA s Annual Public Meeting

2 Toby Lennox Vice President, Corporate Affairs & Communications

3 Marilynne Day Linton Board Chair

4

5 Living the promise

6 Programming initiatives

7 Connecting with the community

8 Runway Run 2012 June 23

9 Rates and charges held steady

10 Guest volume 33.4 million

11 Thank you, Lloyd McCoomb

12 Howard Eng, GTAA President and CEO

13 Board of Directors Nominated by Municipalities, Professional Associations, the Province and Federal Government

14 David Wilson City of Toronto nominee Served Chair and CEO of the Ontario Securities Commission from Held the position of Vice Chair of the Bank of Nova Scotia

15 Lawrence Worrall Audit Committee member and Chair Corporate Governance Committee Environment, Health & Safety Committee Human Resources & Compensation Committee Ad Hoc Nominating Committee Ad Hoc CEO Search Committee Thank you Lawrence.

16 Ian Clarke Nominated by the Regional Municipality of Durham Current Executive VP at MLSE. Active on Boards of St. Michael s Hospital and the Toronto Community Foundation Recently received a Fellowship of Chartered Accountants designation.

17 Retirements in 2011 Brian Lackey Retired as Vice President, Strategic Planning Gary Long Retired as Vice President, IT&T

18 Howard Eng President and CEO

19 Hong Kong International Airport

20 Enviable position Gateway to Canada and North America Strong international connections Proximity to U.S. Efficient terminals Airfield capacity U.S. and Mexico

21 The right strategy Grow Connections Attract new and additional air service Treat our guests with respect Serve our community

22 Pearson employs 38,000 people Direct Employment: City of Toronto: 11,000 Peel Region: 11,000 York Region: 3,500 Halton Region: 3,000 Durham Region: 1,400 Outside of 5 regions: ~10,000

23 People make the airport work 25

24 Terminal 3 revitalization

25 Surprise and delight

26 OTG Partnership Celebrity Chefs

27 Airport Service Quality (ASQ) Q

28 Howard Eng President and CEO

29 Brian Gabel VP and Chief Financial Officer

30 Summary Strong traffic and revenue growth Continued trend of reducing air carrier charges Rollout of new brand Continued progress in achieving cost reductions Strong support from credit markets Cautiously optimistic

31 Passenger Traffic (millions)

32 Passenger growth (millions) by type % % 7.6% Domestic Transborder International

33 Growth in the % of connecting passenger traffic Q1 Q2 Q3 Q4

34 Reductions in average aeronautical rate (%)

35 Customer experience

36 Revenues ($millions) $539.5 $ $304.9 $300.9 $267.8 $ Aero AIF Non Aero

37 Non aeronautical revenue ($millions) Concessions $ %.3% Rentals $62.6 Other $ % Ground Transportation and Parking $ %

38 Operating costs ($millions) Ground Rent Goods and Services Salaries, Wages and Benefits Payments in Lieu of Taxes $120.3 $227.9 $108.6 $ 26.3 $131.0 $216.0 $111.0 $27.6 $483.1 $485.6

39 Wages, goods and services ($millions)

40 Interest rates

41 Moody s upgrade to A1 The rating upgrade reflects demonstrated resilience continuous historical growth unusually strong liquidity position good control over operating costs.

42 Interest cost and amortization ($millions) Amortization Interest cost Premium on early Retirement of debt $222.8 $433.3 $210.2 $431.3 $27.6

43 Debt issuance and retirements Debt Maturity/Redemption Duration (years) Amount (millions) Coupon Rate % % Redemption % Debt Issue* Duration (years) Amount (millions) Coupon Rate % % *Debt issue and redemptions in 2011 and YTD 2012

44 Condensed statement of operations (in Millions) Revenue 1, ,137.6 Aeronautical Airport improvement fees, net Car Parking & Ground Transportation Concessions & rentals Other Operating Expenses Goods & Services Salaries, wages and benefits Ground rent & PILT Net Operating Revenue Interest, net Amortization of property and equipment Net Loss (27.0) (17.1)

45 Outlook for 2012 Cautiously optimistic in outlook Traffic and connecting traffic strong through April World economic challenges

46 Toby Lennox Vice President, Corporate Affairs & Communications

47 GTAA Annual Public Meeting Questions

48 Thank you for attending the GTAA s Annual Public Meeting