Airport Public Private PartnershipsCase Study - TAV Airports Holding

Dr. Waleed YoussefChief Strategy Officer, TAV Airports HoldingVice Chairman, ACI World Economics Standing Committee

EU-Africa Aviation Summit ConferenceWindhoek, NamibiaA il 2 3 2009

Public Private Partnerships

Public Private Partnerships

๏ Collaboration between the public and private sectors todeliver infrastructure and/or services

๏ Careful allocation of responsibilities and risks according to capacity and expertise of each party

๏ Allows governments to leverage their resources and torefocus efforts and investments on traditional public and social sectors - and to enhance regulatory oversight

Typical PPP Structures

PPP Type Key Objectives Characteristics Examples

๏ Regulatory framework

๏ Transparency and quality of bid process

๏ Private sector scope and expertise

๏ Financial returns and bankability

๏ Partnership and sustainability

Determinants of a Successful PPP

Case Study - TAV Airports Holding

TAV Airports Holding

๏ Established in 1999 - Istanbul international terminal BO

๏ Ten years later, TAV is the largest airport developer anoperator in the MENA, Caucus and former CIS regions

๏ By the end of this year, TAV will operate 11 airports infive countries - including first EU airport

๏ IPO in 2006 valued TAV at more than USD 2 billion

TAV Airports

43.4

3.4

10.5

3.1

Capacity(million Pax)

15.0

( , )

Founders

Free Float

International Finance Corporation (IFC)European Bank for Reconstruction and Development (EBRD)European Investment Bank (EIB)African Development Bank (AfDB)PROPARCO (France)Goldman SachsBayerische Hypo- und Vereinsbank (HVB)Garanti BankDexiaDeutsche Bank WestLBVakıfbankKfWABN AMRO BankSociété Generale

Our Financial Partners

TAV s Results

2007

2008

2008

2007

2007

2008

2008

2007

Million Passengers Million Euros

+4%

+4%

Fully Integrated Business Model

mmercial Activities Management & Opera

sign and Construction

Aviation Security

Airport IT Systems

ATU (Duty Free)BTA (F&B)Airport HotelAirline LoungesCity Bus ServiceAdvertisementTravel AgencyAirport Parking

AirportsHavas (ground handling)City TerminalFacilities Management

Construction (sister company)

Operational EfficiencyCustomer Focus

Commercial FocusQuick Execution

Examples of TAV Airports

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fid

Dr. Waleed YoussefChief Strategy Officer, TAV Airports HoldingVice Chairman, ACI World Economics Standing Committee

Email: waleed.youssef@tav.aero

Dr. Waleed YoussefChief Strategy Officer, TAV Airports HoldingVice Chairman, ACI World Economics Standing Committee

Email: waleed.youssef@tav.aero