1. Introduction / Meeting Purpose 2. Air Service Development 3. Airport Expansion Program 4. Community Outreach

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2 Rhode sland Airport Corporation Agenda 1. ntroduction / Meeting Purpose 2. Air Service Development 3. Airport Expansion Program 4. Community Outreach Noise Program Memorandum of Understanding with City of Warwick 5. Q&A / Next Meeting K E E P S Y O U M O V N G

3 Rhode sland Airport Corporation Meeting Purpose The purpose of this meeting is to bring senior management and their representatives of key stakeholders together to update you on the status of PVD s nitiatives/projects; to discuss airport issues of importance to you and provide a forum for discussion. K E E P S Y O U M O V N G

4 Rhode sland Airport Corporation K E E P S Y O U M O V N G

5 Rhode sland Airport Corporation Operating Expenses and Operating Revenues $60,000 (dollars in thousands) RAC has a demonstrated history of managing its operating expenses in line with its revenue streams to maintain a stable, healthy operating income. $50,000 $40,000 $30,000 $20,000 $10,000 $0 Operating Revenue Operating Expense Budget $48,735 $55,453 $53,837 $51,655 $50,152 $50,270 $51,194 $31,481 $34,148 $34,106 $30,947 $29,084 $28,235 $30,386 Operating ncome $17,254 $21,305 $19,731 $20,708 $21,608 $20,854 $20,808 (before depreciation) S M P L Y M O R E O P T O N S

6 Despite challenging times, the Airport continues to maintain a strong cash position (n thousands) Rhode sland Airport Corporation Cash & Cash Equivalents as of 6/30/13 Amount Revenue $ 5,618 O&M Reserve 8,891 General Purpose and Other Funds Available for Operations 37,081 Total Cash Available for Operations $ 51,590 Available Cash $ 51,590 Actual FY 2013 Operating Expenses $ 28,338 x 365 days = 664 days of cash on hand K E E P S Y O U M O V N G

7 Rhode sland Airport Corporation K E E P S Y O U M O V N G

8 Rhode sland Airport Corporation Air Service Development K E E P S Y O U M O V N G

9 Rhode sland Airport Corporation PVD Enplanement and Deplanement Share by carrier YE Sept 2013 DL 13% UA 10% B6 6% Other* 0% WN 48% US 23% *Other includes Air Canada, Cape Air and Charter services ** UA ncludes CO Source: Airport Records K E E P S Y O U M O V N G

10 Rhode sland Airport Corporation Top 50 markets from Providence Rank Market Nonstop Rank Market Nonstop PVD has nonstop service to 11 of the top 12 markets. Source: DB1B YE 3Q 12, via Diio Online Portal * Seasonal service ** Through October MCO Y 26 DFW N 2 BW Y 27 SEA N 3 TPA Y 28 AD Y 4 FLL Y 29 STL N 5 MDW Y 30 MSY N 6 CLT Y 31 ND N 7 PHL Y 32 CMH N 8 DCA Y 33 PT N 9 LAS N 34 AH N 10 ATL Y 35 MC N 11 RSW Y* 36 AUS N 12 ORD Y 37 CHS N 13 PHX N 38 HOU N 14 DTW Y 39 SAT N 15 PB Y* 40 CVG N 16 DEN Y ** 41 SLC N 17 LAX N 42 SDF N 18 BNA N 43 SNA N 19 SAN N 44 MKE N 20 RDU N 45 PDX N 21 JAX N 46 SAV N 22 SFO N 47 SMF N 23 ORF N 48 ABQ N 24 MSP Y 49 OAK N 25 CLE Y 50 MEM N K E E P S Y O U M O V N G

11 Rhode sland Airport Corporation Total Annual Passengers 6,000,000 5,000,000 5,393, m 5,019,342 4,000,000 4,070,736 3,650,737 3,000,000 2,345,051 2,000,000 1,000, K E E P S Y O U M O V N G

12 Rhode sland Airport Corporation January 2018 K E E P S Y O U M O V N G

13 Rhode sland Airport Corporation Current Future Air Service LAX LAS DEN MSP ORD MDW DTW CLE CTL EWR PHL BW AD DCA ORF RDU PVD JFK ACK MVY Eastern Europe Azores Source: Official Airline Guide, June 2013 PHX DFW ATL JAX AH MCO Year Round Seasonal TPA RSW PB Cancun FLL Caribbean K E E P S Y O U M O V N G

14 Rhode sland Airport Corporation Almost two-thirds (64%) of New England's population lives within 75 miles of PVD, with more than 2.8 million people within 1 hour drive time of the airport Population Size PVD Map of 1 hour drive time from PVD Source: Metropolitan Statistical Area Population from U.S. Census Bureau K E E P S Y O U M O V N G

15 Rhode sland Airport Corporation Leakage Results Airport and Catchment Area Market Sizes Catchment Area All Catchment Area Primary Catchment Area East Catchment Area West Catchment Area Sector T F Green nternational Airport Boston Logan nternational Apt Hartford Bradley nternational Apt Tweed New Haven Regional Airport Total Domestic 3,749,000 21,362,000 5,216,000 77,000 30,404,000 North America 36, ,000 75,000 2, ,000 nternational 87,000 4,882, ,000 2,000 5,165,000 Total 3,872,000 27,091,000 5,485,000 82,000 36,530,000 Domestic 3,119,000 1,244, ,000 8,000 4,972,000 North America 30, ,000 10, ,000 nternational 73, ,000 24, ,000 Total 3,222,000 1,787, ,000 8,000 5,652,000 Domestic 521,000 19,654,000 1,035,000 30,000 21,241,000 North America 5, ,000 8,000 1, ,000 nternational 12,000 4,386,000 42,000 1,000 4,442,000 Total 539,000 24,732,000 1,085,000 32,000 26,387,000 Domestic 109, ,000 3,580,000 40,000 4,191,000 North America 1,000 25,000 57,000 1,000 84,000 nternational 2,000 84, ,000 2, ,000 Total 112, ,000 3,765,000 42,000 4,491,000 The Primary catchment area represents a market of over 5.6 million passengers annually, while the total catchment area generates a substantial 36.5 million passengers T. F. Green airport captures 57% of the Primary Catchment Area traffic, leaking 32% to Boston and 11% to Hartford The airport captures approximately 2% of each of the East and West Catchment areas. The catchment areas are sufficiently large that even 2% represents a significant share of the airports traffic Approximately 650,000 of T F Green airport passengers (or 17% of the airport s total) originate outside of the primary catchment area Of the total catchment area, T F Green captures 11% versus 74% for Boston and 15% for Hartford and 0.2% for New Haven Source: ntervstas Market Share Model Table reports total one-way trips in both direction K E E P S Y O U M O V N G

16 Rhode sland Airport Corporation PVD Airport Catchment Areas BOS BDL PVD PVD captures 2% Of West Catchment Area HV N PVD captures 57% of Primary Catchment Area PVD captures 2% of East Catchment Area K E E P S Y O U M O V N G

17 5 Million Passengers Goal Rhode sland Airport Corporation East 5m 3.65m 3.7m 4.1m Passengers 2012 West Primary 62% 57% 5% 2% 3% 2% K E E P S Y O U M O V N G

18 Rhode sland Airport Corporation 4th Quarter 2013 PVD vs BOS (Driving & Parking) Assumptions Woonsocket, R Providence, R PVD Parking Rates Daily Economy: $10 Daily Garage: $14 Weekly Economy: $50 Weekly Garage: $60 BOS Parking Rates Daily Economy: $18 Daily Garage: $27 Weekly Economy: $108 Weekly Garage: $189 Cost Per Mile: $0.55 Value Per Minute (USDOT): $0.78 Cost Estimates Based on Round Trip BOS PVD = 24 miles BOS = 51 miles Extra cost in distance $29.97 Extra cost in time $53.52 PVD = 10 miles BOS = 52 miles Extra cost in distance $46.62 Extra cost in time $75.55 Fall River, MA PVD = 25 miles BOS = 55 miles Extra cost in distance $33.30 Extra cost in time $50.37 PVD New Bedford, MA PVD = 39 miles BOS = 61 miles Extra cost in distance $24.42 Extra cost in time $36.20 Westerly, R Newport, R PVD = 37 miles BOS = 102 miles Extra cost in distance $72.15 Extra cost in time $ PVD = 27 miles BOS = 73 miles Extra cost in distance $51.06 Extra cost in time $85.00 K E E P S Y O U M O V N G

19 Rhode sland Airport Corporation 4th Quarter 2013 Airfare Comparison Year PVD BOS MHT PVD BOS MHT PVD BOS MHT % 82.0% 7.2% $178 $248 $ % 80.6% 8.0% $165 $235 $ % 79.6% 8.5% $159 $221 $ % 76.5% 10.0% $139 $210 $ % 74.8% 11.1% $155 $268 $ % 74.4% 11.2% $146 $259 $ % 73.7% 11.3% $142 $236 $ % 69.4% 13.2% $120 $169 $ % 69.9% 12.7% $122 $163 $ % 68.0% 13.2% $131 $175 $ % 67.9% 12.4% $132 $182 $ % 68.8% 11.7% $130 $198 $ % 72.0% 10.4% $140 $213 $ % 71.4% 10.2% $131 $173 $ Source: U.S. DOT DB1B , U.S. DOT BB1B for Domestic, FMg Database via Diio online portal K E E P S Y O U M O V N G

20 Rhode sland Airport Corporation PVD already has a facility that is capable of processing international air service Operational flexibility can be met with Customs PVD is a U.S. Port of Entry The expanded international FS facility has prepared T.F. Green for the future PVD has a very friendly, cooperative relationship with Customs and Border Protection (CBP) K E E P S Y O U M O V N G

21 Rhode sland Airport Corporation PVD Cargo Operations K E E P S Y O U M O V N G

22 Rhode sland Airport Corporation The Airport and the R business community are deepening partnerships to support expanded air service Relationships being strengthened with large corporations such as CVS, FM Global, Hasbro, GTech, Brown University, Johnson & Wales R Business community committed to using PVD when possible PVD committed to support air service needs of R Business Community Corporate travel data including budgets, O&D travel info on city pairs, etc. assisting PVD team Partnership also includes other related issues to air service such as runway expansion, legislative support, etc. Used to assist message about targeted air service growth (mainline aircraft, frequency increase, etc.) Airport director regularly meets with community and business leaders K E E P S Y O U M O V N G

23 Rhode sland Airport Corporation Why go to Logan? K E E P S Y O U M O V N G

24 Rhode sland Airport Corporation 4th Quarter 2013 Airport Expansion Program K E E P S Y O U M O V N G

25 Rhode sland Airport Corporation 4th Quarter 2013 Runway 16 RSA ( ) Hangar 1 Demo (2013) Winslow Park ( ) Sound Mitigation & Land Acquisitions ( ) Runway 34 RSA ( ) Runway 5 Extension ( ) Main Ave Relocation ( ) K E E P S Wetland Mitigation ( ) Deicer Management System ( ) Y O U M O V N G

26 Rhode sland Airport Corporation Hangar 1 Demolition Remaining work includes removing the rest of the hangar floor slab, final site grading, constructing the aircraft tie down area, installation of the permanent AOA fence, removal of the temporary AOA fence, topsoil, seeding and mulching, re siding of Providence Equities Hangar Project cost $1,400,000 Construction Started July 29, 2013 Shutdown for Season: End of November, 2013 Restart Construction: April 2014 K E E P S Y O U M O V N G

27 Rhode sland Airport Corporation 4th Quarter 2013 Hangar 1 Demolition Dec Nov Jul. 2013Aug Sep Oct K E E P S Y O U 2014 M O V N G

28 Rhode sland Airport Corporation Runway 16 Safety Area Remaining work includes the installation of the EMAS blocks and second coat of airfield pavement markings Project Cost $8,427,000 Construction Started July 29, 2013 Shutdown for Season: November 22, 2013 Restart Construction: June 2014 K E E P S Y O U M O V N G

29 Rhode sland Airport Corporation 4th Quarter 2013 Runway 16 Safety Area Dec Nov Jul. 2013Aug Sep Oct K E E P S Y O U 2014 M O V N G

30 Rhode sland Airport Corporation Deicer Management System Treatment Facility Construction HART Engineering $16.7M NTP July 29, 2013 Airfield Construction CARD Construction $8.2M NTP July 31, 2013 K E E P S Y O U M O V N G

31 Rhode sland Airport Corporation 4th Quarter 2013 Deicer Management System Dec Nov Jul. 2013Aug Sep Oct K E E P S Y O U 2014 M O V N G

32 Rhode sland Airport Corporation Engineered Materials Arrestor System - EMAS K E E P S Y O U M O V N G

33 Runway Safety mprovements 34 RSA Rhode sland Airport Corporation 16 RSA Hangar 1 Key Points: Hangar 1 demolition obstruction Runway Safety Areas improvements with EMAS FAA mandate to have all RSAs complete by 2015 K E E P S Y O U M O V N G

34 Site C Site E Rhode sland Airport Corporation Sites: Site A: Buckeye Brook Stream, Wetland, & Habitat Restoration North of Warwick Pond Site D Sites A & B Wetland Mitigation Program Site B: Buckeye Brook Culvert Replacement at Lakeshore Drive Site C: Buckeye Brook Wetland & Floodplain Restoration South of Warwick Pond Site D: Wetland A13 Floodplain Compensation & Wetland Creation South of Runway 34 Key Points: As a result of RW34 RSA, approx. 2.9 acres disturbed to south Program will create, restore or enhance over 4 acres of wetlands and 1,000 linear feet of streams New box culvert will mitigate flooding, improve fish passage, allow wildlife passage Site E: Buckeye Brook Tributary Stream Channel Stabilization K E E P S Y O U M O V N G

35 Rhode sland Airport Corporation Winslow Park Key Plan: A. Main Entrance B. Emergency & Residential Entrance C. Fast Pitch Softball Fields D. Fast Pitch Practice Softball Fields E. Soccer Fields F. AGS Concession Stand & Restrooms (match existing facility) G. WFFSC Concession Stand & Restrooms H. AGS Storage Containers. WFFSC Storage Containers J. Off Street Parking (194 spaces) K. On Street Parking (86 spaces) L. Central Seating Area M. Walking and Bike Paths N. Playground and Tot-Lot O. Vegetative Buffer Zones K E E P S Y O U M O V N G

36 Runway Extension & Main Ave 5 Rhode sland Airport Corporation Main Ave Key Points: ncudes 1,530 feet of new runway and parallel taxiway RSA-EMAS Relocation of Main Ave to south Relocated Approach Lighting System (ALS) Shifted Runway Protection Zone (RPZ) to south. K E E P S Y O U M O V N G

37 Rhode sland Airport Corporation 4th Quarter 2013 Construction Phasing Plan - Existing K E E P S Y O U M O V N G

38 Rhode sland Airport Corporation 4th Quarter 2013 Phase K E E P S Y O U M O V N G

39 Rhode sland Airport Corporation 4th Quarter 2013 Phase 2A K E E P S Y O U M O V N G

40 Rhode sland Airport Corporation 4th Quarter 2013 Phase 2B K E E P S Y O U M O V N G

41 Rhode sland Airport Corporation 4th Quarter 2013 Project Complete K E E P S Y O U M O V N G

42 Rhode sland Airport Corporation 4th Quarter 2013 Community Outreach K E E P S Y O U M O V N G

43 Land Acquisition & Sound nsulation Overview Rhode sland Airport Corporation Phases and End Dates Land Acquisitions Main Ave Dec 2014 RPZ 1 Sep 2014 RPZ 2 Apr 2015 RPZ 3 Apr 2016 RPZ 4 Apr 2017 RPZ 5 Dec 2017 Noise 1 Dec 2017 Noise (accelerated) Residential Sound nsulation Previously Completed Potentially Eligible 2017 Potentially Eligible 2020 K E E P S Y O U M O V N G

44 Rhode sland Airport Corporation Runway 5 Extension Land Acquisition Phases and End Dates Main Avenue Dec 2014 RPZ 1 Sep 2014 RPZ 2 Apr 2015 RPZ 3 Apr 2016 RPZ 4 Apr 2017 RPZ 5 Dec 2017 K E E P S Y O U M O V N G

45 Rhode sland Airport Corporation 4th Quarter 2013 MOU with City of Warwick K E E P S Y O U M O V N G

46 Rhode sland Airport Corporation 4th Quarter 2013 MOU with City of Warwick K E E P S Y O U M O V N G

47 Rhode sland Airport Corporation 4th Quarter 2013 MOU with City of Warwick K E E P S Y O U M O V N G

48 Rhode sland Airport Corporation MOU with City of Warwick K E E P S Y O U M O V N G

49 Rhode sland Airport Corporation MOU with City of Warwick K E E P S Y O U M O V N G

50 Please visit us at: pvdairport.com