Malaysia Airports Holdings Berhad CORPORATE PRESENTATION

Transcription

1 Malaysia Airports Holdings Berhad CORPORATE PRESENTATION 1

2 2 Table of Contents MAHB A Leap Forward Airport Revenue Transformation klia2 The Game Changer klia2 Destination Curious Integrated Complex KLIA Aeropolis 2013 Outlook Updates on klia2

3 MAHB A LEAP FORWARD

4 4 Strong Financial Performance +1.97x +3.08x >+100x +4.16x

5 KLIA Outperforms Key Hubs in Southeast Asia KLIA s high growth vs key regional hubs ( pax CAGR) 5

6 AIRPORT REVENUE TRANSFORMATION

7 Airport Revenue Transformation 7

8 8 Airport Revenue Transformation Retail Optimisation At KLIA The beginning Contact Pier Satellite Main Terminal 1A Main Terminal 1B Commercial Space (sqm) 16,000 3% of GFA 18, % of GFA 21, % of GFA 21, % of GFA 23, % of GFA Revenue (RM mil) 98.8 Additional 17.3 Additional 45.0 Additional 2.5 Additional 7.0

9 Airport Commercial Space Retail Optimisation Plan KLIA (before ROP) KLIA (after ROP) LCCT klia2 Gross Floor Area (GFA) (sqm) Commercial Space (sqm) % of GFA 479, ,400 64, ,000 16,000 23,300 6,500 35,200 3% 5% 10% 14% Moving forward, klia2 will be the game changer for MAHB s commercial strategies klia2 boasts larger commercial space: > 5x LCCT and 50% bigger than KLIA 9

10 klia2 THE GAME CHANGER

11 11 klia2 World s Largest Dedicated Low-cost Carriers Terminal

12 The Rise of Low-cost Carriers Maturing economies, rising income & integration of Asian urban economies Evolution from hubs to pointto-point markets Liberalised market access Relaxing trade barriers & air services regulation Economic & demographic developments Competitive Advantage Strategic geographical location Adequate infrastructure to support proliferation of new entry Innovation of airlines - add new city pair, introduce long-haul low cost services Over a quarter of the world s population lives within a four-hour flight radius of KLIA 12

13 KLIA The Next Generation Hub Seamless connectivity and transfer for passengers travelling in both full-service airlines and low-cost carriers Collaborating with Government, airlines partners & airport counterparts: - gain new airlines - establish new routes - increase frequency Four key enablers for Next Generation Hubs strategies Geographical centrality: - flexibility to combine short-haul & long-haul connections - adequate catchment areas within 4-5 hours of flight Developing strong branding for KLIA & continuously enhance operational & development capacity 13

14 klia2 Features KLIA (MTB) klia2 Existing LCCT 14

15 klia2 DESTINATION CURIOUS

16 KLIA Top 5 Products Top 5 categories of products made up ~90% of total spend for each nationality To focus on core duty free business Top 5 Categories by Nationality July 2010; % of Total Sales DF - Perfume & Cosmetic DF - High Fashion (Men) DF - Confectionery DF - Cigarette DF - Liquor 49% 9% 6% 5% 4% Contribution to Sales (%) Average Spend Per Transaction RM Source : Booz & Company Analysis 16

17 The LCCT Journey The Beginning The Expansion klia2 Gross Floor Area 31,621sqm 64,067sqm 257,845sqm Commercial Space 1,353sqm 6,500sqm 35,200sqm Sales/Pax RM 14 RM 22 RM 40 No. of Outlets MAHB see remarkable growth on sales/pax each time commercial space at LCCT being expanded. MAHB foresee average sales/pax to rise to RM40 or 80% increase at klia2. 17

18 Brands and Ambiance 18 Cocoa King Malaysian Delight Heng Heng Local Delights

19 INTEGRATED COMPLEX

20 20 Overview of Integrated Complex Satellite Building Main Terminal Building Integrated Complex Integrated complex catering for the untapped non-passenger market *Artist Impression

21 klia2 Specialty and F&B concepts Unique F&B, alfresco dining, traveler essentials, local products, authentic delicacies Integrated Shopping Mix retail and F&B i.e. Factory Outlet Store, Convenience, IT, Telco etc. Services offerings Spa, lounges, virtual golf, karaoke, health & beauty, children zone etc. Transportation Hub Taxi, ERL, buses & basic retail and F&B 21

22 Positioned to serve Airport Community Airport workforce (direct and indirect) (2011: 45,000 people) Existing and new residents around the airport Tabung Haji pilgrimage terminal within 5km radius from KLIA Passenger and meeters-greeters (2012: KLIA passenger 39.9 million) Huge terminal linked activies Airport creates significant employment, shopping, trading and new business destinations Transportation hubs for taxi, ERL and buses 22

23 KLIA AEROPOLIS

24 KLIA Aeropolis Kuala Lumpur Total KLIA Land 22,156 acres Developed Land 6,000 acres Cyberjaya Putrajaya Putrajaya Remaining Undeveloped Land 16,156 acres Approved Landside Development Land Tenure 6,750 acres 25 years from February 2009 Commercial land up to 60 years 20 km 5 km K L I A Nilai Enstek Seremban Sepang Goldcoast 24

25 KLIA Aeropolis Master Plan

26 KLIA Aeropolis Satellite View From Plus Highway Mitsui Outlet Park To KLIA Terminal

27 Project Details Overview Joint Venture between Mitsui Fudosan & MAHB composition of European/US vs Asian brands Investment of RM335 mil 2,577 jobs created by 2020 GNI in 2020: RM220 mil

28 2013 OUTLOOK 28

29 2013 OUTLOOK Global Aviation Outlook 2013 Passenger Traffic growth forecasts IATA 4.5% ACI 4.9% ICAO 6% 29

30 2013 OUTLOOK Malaysia Airports Growth estimates for 2013 Passenger Traffic: 7.1% National GDP : 5-6% (Bank Negara Malaysia) Entry of new airlines and expansion of local carriers MAS: oneworld alliance, A380 operations Air France, Turkish Airline, Airphil Express, Malindo Airline ASEAN liberalisation - less restrictive operating environment for airlines Visit Malaysia Year 2014 The campaign would encourage travel demand expansion 30

31 2013 Headline KPIs Key Performance Indicators (KPIs) Profitability (EBITDA) Return on Equity (ROE) Airport Service Quality RM751.0 mil Target KLIA Ranking Top 5 Worldwide in the mil passenger size category 31

32 UPDATES ON klia2 32

33 klia2 Updates No Delay Construction cost The only delay is the 28 June 2013 dateline Still RM 4 billion 33

34 klia2 34

35 klia2 Superior Facilities 35

36 klia2 Increased Footprint 36

37 klia2 Major Upgrades in Specifications 37

38 klia2 Project Costs 38

39 klia2 Lowest Construction Cost Per Pax Construction Cost per Pax RM2,906 RM1,938 RM2,143 Average = RM1,229 RM89 RM333 RM478 RM717 klia2 (45mppa) Suvarnabhumi A'port (45mppa) Willy Brandt Int'l A'port (45mppa) Heathrow Terminal 5 (30mppa) Hamad Int'l Hong Kong Int'l A'port (24mppa) A'port (35mppa) Changi Terminal 4 (16mppa) Construction Period (years) Ongoing Ongoing klia2 Suvarnabhumi A'port Willy Brandt Int'l A'port Heathrow Terminal 5 Hamad Int'l A'port Hong Kong Int'l A'port 39

40 klia2 FY2013 Revised Financial Impact EBITDA (RM mil) PBT (RM mil) Revenue 220 Cost (230) Net EBITDA 10 Depreciation 140 Finance cost 100 PBT 240 Cash flow (RM mil) Improve 500 All figures are in RM million unless otherwise stated 40

41 klia is A Good Year Hike in Passenger Service Charge RM 100 million Hike in Landing & Parking Fee RM 30 million Revenue Contribution At least RM 130 million 41

42 MALAYSIA AIRPORTS HOLDINGS BERHAD PEJABAT KORPORAT PERSIARAN KORPORAT KLIA KLIA SEPANG, SELANGOR TEL: FAX: