Post on 16-Jan-2016
PNCC Presentation
Palmerston North Airport Ltd2012/13
Annual Report
Our VisionTo grow the shareholder’s regional economic value by operating a safe, efficient, attractive and profitable airport that serves the Central Region
Financial Overview
Performance 30-Jun 13 30-Jun-13 30-Jun-12
Actual SOI Actual
Revenue 4,589,800 4,593,500 4,480,318
EBITDA 1,765,104 1,933,000 1,738,650
Net profit after tax 491,883 610,500 495,564
Passengers 445,147 467,000 449,318
Overview
• Revenue
• Operations & Maintenance Costs
• Administration costs
• EBITDA
• Net Surplus
• Passenger Numbers
Financial Overview
• Revenue – aeronautical up 3.4% & non-aeronautical up 1%
• Additional operational & maintenance costs increased:• Deferred maintenance to support safety and aesthetic• Review of District Plan• Investment in projects to support revenue growth• Air noise review• Review operating exposition
• Administration & personnel costs decreased: • Marketing, recruitment & legal expenses decreased• Personnel costs decreased due to Corporate restructure• Consulting cost increased – Project Outback and
Compliance & Policy updates.
Financial Overview
• EBITDA 1.5% improvement on 2011/12
• Adjustments of asset register and WiP increased taxation charges and deferred tax for 2012/13
• Net Surplus decreased as a result of higher taxation expense
• Shareholder’s Equity continues to increase
• Dividend payment to PNCC $196,753
Other Highlights
• Aeronautical Route DevelopmentRoute development plans under negotiation ( Nelson Services)Visitor strategy developed
• Regulatory Compliance Aerodrome Operating Certificate 139
• InfrastructureAirside apron area upgradesTerminal facilities upgrade with customer enhancements
Refurbishment of caféCar park stage one
Other Highlights
• PlanningAir noise contour review to meet sectional review of District Plan
importance of 24/7 operations
• PricingRemoval of separate departure levy (Oct 12)
• Growth in car-park numbers;Increased by 8.9%; generating an additional 4.6% in revenue
Looking to the Future
• Continue to develop and refine short & long term strategy
• Protect our 24/7 operation
• Focus on additional domestic services
• Raising awareness of events and attractions through-out the wider region & encouraging regional collaboration
• New Retail outlet planned for 2013/14
• Planned restructure of the rental car operations and terms of concession in 2013/14
Questions