2018 City of Houston Investor Conference. Kenneth Gregg, Interim Deputy Director of Finance
|
|
- Stephanie Harvey
- 5 years ago
- Views:
Transcription
1 2018 City of Houston Investor Conference Kenneth Gregg, Interim Deputy Director of Finance April 24,
2 Disclaimer This Investor Presentation is provided for your general information and convenience only, is current only as of its date and does not constitute an offer to sell or a solicitation of an offer to buy securities. The information contained herein does not constitute a sufficient basis for making a decision with respect to the purchase or sale of any security. All information regarding or relating to bonds issued or to be issued by the City of Houston (the City ), either as general obligation debt or through its enterprise funds, the Combined Utility System, the Houston Airport System or the Convention and Entertainment Department, is qualified in its entirety by the relevant Official Statement and any related supplements and continuing disclosure. Investors should review the relevant Official Statement and any related supplements and continuing disclosure before making a decision with respect to the purchase or sale of any bonds issued or to be issued by the City or any of the City s enterprise funds. In addition, before purchasing any bonds issued or to be issued by the City or any of the City s enterprise funds, please consult your legal and financial advisors for information about and analysis of the bonds risks and their suitability as an investment in your particular circumstances. With respect to each section of this Investor Presentation, such section contains information from sources believed by the City to be reliable but which information is not guaranteed as to accuracy. Each enterprise fund makes no representation regarding the reliability or accuracy of any information in the other enterprise funds sections of this Investor Presentation. The financial data and other information provided herein are given in summary form and not warranted as to completeness or accuracy and are subject to change without notice. Certain of the information set forth herein has been derived from external sources that have not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. None of the city officials or their respective representatives or agents, including any underwriters of bonds issued or to be issued by the City, shall have any liability whatsoever in negligence or otherwise for any loss however arising from any use of this Investor Presentation or its contents or otherwise arising in connection with this Investor Presentation or any other information or material discussed. By viewing this Investor Presentation, you agree not to duplicate, copy, download, screen capture, electronically store or record this Investor Presentation except for your own personal use, nor to produce, publish or distribute this Investor Presentation in any form whatsoever. There may have been events that occurred subsequent to the date of the Investor Presentation that would have a material adverse effect on the information presented herein. The City and/or its enterprise funds are under no obligation to update any of the information set forth herein. No dealer, broker, salesperson or any other person has been authorized to give any information or to make any representation in connection with the City or any bonds issued by the City, and if given or made, such other information or representation must not be relied upon as having been authorized by the City. This Investor Presentation includes forward-looking statements based on current beliefs and expectations about future events. Forward-looking statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future events. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties and assumptions, and changes in economic conditions globally or in the State of Texas and political and regulatory factors. Those events are uncertain; their outcome may differ from current expectations which may in turn significantly affect expected results. Actual results may differ materially from those projected or implied in these forward-looking statements. Any forward-looking statement contained in this Investor Presentation speaks as of the date of this Investor Presentation. 2
3 Recent accolades Bush Airport joins Hobby Airport with a 4-star rating, a notable achievement Source: Skytrax
4 The airports rebounded quickly after Hurricane Harvey Houston s airports were closed for 2-3 days while it took airlines several more for operations to return to normal 4
5 Recent transactions HAS recently closed on two transactions in the first quarter of CY 2018 Special Facility Revenue Bonds February 2018 United Airlines, Inc. Series 2018 & 2018C (AMT) ($130M) - United Technical Operations Center Project (UTOC) ($91M) - 270K sq. ft. hangar for widebody aircraft, administrative offices and support shops - United Airport Improvement Projects ($46M) - Improvement, renovation, expansion and repair of special facilities that support United s operations at IAH GARB Bonds March 2018 City of Houston Airport System Subordinate Lien Revenue and Refunding, Series 2018 A (AMT) & B Non-AMT) ($416M) - Refinancing project costs for new international terminal facilities at HOU ($116M) - CP takeout for: Satellite Utility Plant ($21M), West Parking Garage ($51M), and Roadway Relocations ($12M) - Refunding of prior bond series 2007B ($265M) - Cash funded debt service reserve fund ($13.5M) 5
6 Houston Airport System Three-airport system managed and operated by the City s Department of Aviation (HAS) serving the nation s fifth-largest metropolitan area Bush IAH international gateway hub United s 2 nd largest hub Enplaned passengers (M) IAH HOU TOTAL Hobby international low- cost service Southwest s 7 th busiest airport Ellington NASA, general aviation, military and spaceport Share domestic 75% 93% 79% Originating percentage Average daily departures 55% 71% 59% Number of gates Source: Houston Airports Statistics CY
7 IAH is still United s 2 nd largest hub IAH maintained position as United s second largest hub with just under 19 million scheduled seats during calendar year 2017 Source: Innovata database, accessed April
8 Investing in George Bush Intercontinental (IAH) HAS is designing a new international terminal for IAH C19 C17 Text C20 C21 C22 Pier D - West C16 Sterile Corridor C24 D1 D3 HS1 D4 D5 HS2 D6 Available w/ Wide-Body on D9 D8 D9 D10 D7 D11 Pier D - East C23 D2 Concourse Old -C D2 X North C-D Connector Terminal D New New Arrivals and Single Level Departure Ticketing Curb Hall D Garage FIS Modifications International Terminal Phase I Conceptual Design International Terminal Phase I - Re-life what will be known as the D-West Pier and construct new D-East Pier - Yielding 11 wide-body gates - Renovate existing Terminal D - Associated enabling projects (roadways, utilities, etc.) - Budget >$500M 8
9 Investing in George Bush Intercontinental (IAH) New international facilities will also include a new centralized international check-in hall Text International Processor Conceptual Design New centralized International Processor Hall where all Foreign Flag airlines and United s international passengers will check-in - Expand and improve efficiency of existing FIS by consolidating two checkpoints into one and adding three additional claim devices - Adding a new domestic baggage claim area - Associated enabling projects (utilities, etc.) - Budget - $370M 9
10 Investing in George Bush Intercontinental (IAH) United has broken ground on a new Technical Operations Center Text United Airlines Technical Operations Center (UTOC) New United Airlines Technical Operations Center (UTOC) on approximately 40 acres - Approximately 270K sq. ft. building for up to two-wide body aircraft with engine build-up space, as well as administrative and engineering support space - Associated enabling projects (roadway realignment, storm water drainage/retention, relocation of existing facilities, etc.) - Expansion and substantial improvements to existing maintenance facilities - Budget >$160M - United - $137M and City - $22.5M - Timeline estimated completion summer
11 HOU is Southwest s 7 th busiest airport Southwest continues to grow at HOU surpassing 8 million scheduled seats in 2017 Source: Innovata database, accessed April
12 Investing in William P. Hobby (HOU) Southwest is currently erecting a new hangar complex at Hobby Text Southwest Airlines New Hangar Rendering New Southwest Airlines maintenance facility on nearly 45 acres - Nearly 245K sq. ft. of hangars, shops, administrative, and support space - More than 460K sq. ft. of apron space to park up to eight B737 aircraft - Associated enabling projects (storm water retention pond, relocation of existing facilities, etc.) - Budget >$74M - Southwest - $60M and City - $14M - Timeline estimated opening late
13 Originating traffic remains strong HAS Originating traffic has surpassed 15 million since fiscal year 2016 Source: HAS records. 13
14 International traffic has remained positive in recent years In each fiscal year since 2015 HAS has recorded over 5 million international enplaned passengers Source: HAS records. 14
15 IAH has nonstop service to 5 continents More than 38% of IAH s international enplaned passengers are bound for destinations other than Latin America. Asia 4 destinations Canada 5 destinations Europe 7 destinations U.S. 115 destinations Mexico 25 destinations Caribbean 9 destinations Middle East 2 destinations Central America 10 destinations South Pacific 1 destination South America 8 destinations 15
16 IAH and HOU have competitive airline costs Houston remains an attractive hub for major carriers that desire to add or expand service IAH HOU Source: HAS records. Amounts are payments to HAS only (excludes special facility bond debt service payments and building maintenance expenses paid directly by United). 16
17 Debt service coverage remains strong HAS has managed to its DSCR targets consistently over the past several years F 2 CAGR, Revenues Airline $248.7 $263.9 $274.9 $280.9 $ % Nonairline and all other % Total $460.8 $489.8 $495.8 $510.5 $ % O&M expenses $268.7 $283.6 $314.7 $314.5 $ % Net revenues $192.0 $206.3 $181.1 $196.1 $ % Debt service $156.4 $163.3 $163.9 $175.0 $ % Less: PFCs (35.6) (38.1) (42.3) (54.7) (51.7) 9.8% Less: Grant revenues (22.9) (16.4) (13.9) Net debt service $97.9 $108.9 $107.7 $120.4 $ % Debt service coverage Note: Amounts in millions except percentages and coverage ratio. Numbers may not total exactly due to rounding. 1 Estimated DSCR net of effects following pension reform changes in Unofficial FY 2018 forecast as of 2/28/2018 MFOR. 17
18 HAS Senior & Subordinate Lien Debt Overview HAS has approximately $2.1 billion in outstanding bonds or about $77 per enplaned passenger 1 Series Tax status Coupon type Outstanding par Senior Lien Series 2009A Non-AMT Fixed $420,420, ,420,000 Subordinate Lien Series 2000B Non-AMT Fixed $44,515,000 Series 2000P-1 AMT Auction rate 34,100,000 Series 2000P-2 AMT Auction rate 33,875,000 Series 2002A AMT Fixed 20,005,000 Series 2002B Non-AMT Fixed 27,450,000 Series 2002C AMT Auction rate 76,875,000 Series 2002D-1 AMT Auction rate 55,800,000 Series 2002D-2 AMT Auction rate 53,825,000 Series 2007B Non-AMT Fixed 8,715,000 Series 2010 Non-AMT Variable rate 92,505,000 Series 2011A AMT Fixed 245,200,000 Series 2011B Non-AMT Fixed 72,650,000 Series 2012A AMT Fixed 280,355,000 Series 2012B Non-AMT Fixed 217,135,000 Series 2018A AMT Fixed 130,550,000 Series 2018B Non-AMT Fixed 285,220,000 $1,678,775,000 Total $2,099,195,000 1 Outstanding debt as of 4/1/2018 and last twelve months enplanements ended 2/28/
19 HAS Senior & Subordinate Lien Debt Service Conservative strategies have allowed HAS to effectively manage debt at all lien levels Note: Debt Service for the Variable Rate Series has been computed at the certified rate of 5.85% for Series 2000P-1 and 2000P-2, the certified rate of 5.30% for Series 2002C, 2002D-1, 2002D-2, and the certified rate of 5.34% for Series Does not include planned debt issuances. 19
20 HAS Senior & Subordinate Lien Debt Service Profile HAS maintains a conservative approach managing the various modes of its debt portfolio 20
21 HAS ratings and credit strengths Credit ratings remain strong and stable Monopoly position in a strong, diversified region with above average population growth Key hubs for United and Southwest with significant airline commitments Management track record of well-managed financial operations, planning and executing large-scale capital projects Moody s S&P Fitch Senior Lien Aa3 Stable AA- Stable NR -- Subordinate Lien A1 Stable A+ Stable A Stable 21
22 Conservative approach towards debt management HAS expects to be back in the market at least one more time in 2018 Management debt objectives for Monitor opportunities to capitalize on savings during lower interest rate environments - Preserve capacity on the senior lien - Manage our variable rate exposure - Fund required levels of debt service reserves through cash and existing surety policies 22
23 Questions? April 24,
March 4, Investor Conference
March 4, 2014 Investor Conference Disclaimer This Investor Presentation is provided for your general information and convenience only, is current only as of its date and does not constitute an offer to
More informationStrengthening the Gateway 2016 J.P. Morgan Public Finance Transportation & Utility Investor Forum Mario Diaz, Director of Aviation Matt Townsend,
Strengthening the Gateway 2016 J.P. Morgan Public Finance Transportation & Utility Investor Forum Mario Diaz, Director of Aviation Matt Townsend, Deputy Director of Finance March 16, 2016 1 Disclaimer
More informationLOS ANGELES INTERNATIONAL AIRPORT
LOS ANGELES INTERNATIONAL AIRPORT February 27, 2014 Disclaimer GENERAL This presentation you are about to view is provided as of February 27, 2014. If you are viewing this presentation after February 27,
More informationLOS ANGELES INTERNATIONAL AIRPORT
LOS ANGELES INTERNATIONAL AIRPORT INVESTOR PRESENTATION May 15, 2018 Disclaimer GENERAL This presentation you are about to view is provided as of May 15, 2018. If you are viewing this presentation after
More informationQ3 FY18 Business Highlights
Q3 FY18 RESULTS Q3 FY18 Business Highlights 1 2 3 4 5 6 7 Record passengers 7.1m, record revenues 423m Investing in growth 24% passenger growth in Q3 Disciplined cost management flat ex-fuel CASK Largest
More informationCOUNTY OF ORANGE, CALIFORNIA AIRPORT REVENUE BONDS, SERIES 2009 A & B ANNUAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 2013
COUNTY OF ORANGE, CALIFORNIA AIRPORT REVENUE BONDS, SERIES 2009 A & B ANNUAL REPORT FOR FISCAL YEAR ENDED JUNE 30, 2013 Dated: January 28, 2014 COUNTY OF ORANGE, CALIFORNIA AIRPORT REVENUE BONDS, SERIES
More informationImplications of Construction Cost Escalation
Implications of Construction Cost Escalation 2007 ACI-NA Economics and Finance Conference James Gill, CPA Deputy Airport Director Finance, Business & Administration Raleigh-Durham Airport Authority Presentation
More informationIAH Terminal Redevelopment Project. Memorandum of Agreement with United Airlines
IAH Terminal Redevelopment Project Memorandum of Agreement with United Airlines May 29, 2014 On April 24, HAS presented plans for a new Mickey Leland International Terminal (MLIT) Sufficient capacity for
More informationLOS ANGELES INTERNATIONAL AIRPORT
LOS ANGELES INTERNATIONAL AIRPORT INVESTOR PRESENTATION March 19, 2018 Disclaimer GENERAL This presentation you are about to view is provided as of March 12, 2018 in connection with the proposed issuance
More informationParques Reunidos Expands to Australia with the Acquisition of Wet n Wild Sydney July 2018
Parques Reunidos Expands to Australia with the Acquisition of Wet n Wild Sydney July 2018 Disclaimer This document does not constitute or form part of any purchase, sales or exchange offer, nor is it an
More informationRNO Master Plan Approved Alternatives, Financial Analysis, and Facilities Implementation Plan
RNO Master Plan Approved Alternatives, Financial Analysis, and Facilities Implementation Plan Project Schedule Today Slide 40 Project Vision To provide an achievable, flexible, fiscally, and environmentally
More informationCITY OF HOUSTON INTEROFFICE CORRESPONDENCE FROM: DATE: SUBJECT: The passenger traffic for each of the airlines for the previous 5 years.
CITY OF HOUSTON INTEROFFICE CORRESPONDENCE TO: Council Member Oliver Pennington FROM: Director of Aviation DATE: May 1, 2012 SUBJECT: Response to Memo Proposed International Terminal at Hobby Airport:
More informationVirgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1
Virgin Australia Holdings Limited (ASX: VAH) H1 FY18 Results 1 Summary of H1 FY18 Group Outcomes 2 Group Underlying Profit Before Tax of $102.5 million up 142.3% Group Statutory Profit After Tax of $4.4
More informationABX. Holdings, Inc. BB&T Transportation Conference. February 2008
ABX Holdings, Inc. BB&T Transportation Conference February 2008 1 Safe Harbor Statement Except for historical information contained herein, the matters discussed in this presentation contain forward-looking
More informationHeathrow (SP) Limited
Draft v2.0 10 Feb Heathrow (SP) Limited Results for year ended 31 December 2013 24 February 2014 Strong operational and financial performance in 2013 Passenger satisfaction at record high and over 72 million
More informationReport to the Dulles Corridor Advisory Committee
Report to the Dulles Corridor Advisory Committee Information Report on Dulles Toll Road Toll Rate Adjustment Process and Tentative Schedule and Overview of Traffic and Revenue Study Update May 2018 Purpose
More informationGreater Orlando Aviation Authority, Florida; Airport
Greater Orlando Aviation Authority, Florida; Airport Primary Credit Analyst: Peter V Murphy, New York (1) 212-438-2065; peter.murphy@standardandpoors.com Secondary Contact: Joseph J Pezzimenti, New York
More informationLOS ANGELES INTERNATIONAL AIRPORT. March 2016
LOS ANGELES INTERNATIONAL AIRPORT March 2016 Disclaimer GENERAL This presentation you are about to view is provided as of March 16, 2016. If you are viewing this presentation after March 16, 2016, there
More informationHartsfield Jackson Update prepared for:
Hartsfield Jackson Update prepared for: September 6, 2013 Presented by: Shelley Lamar, Planning Manager Agenda ATL Overview Economic Impact Preparing for the Future Your Questions Airport overview Airport
More informationPORT OF SEATTLE PRESENTATION TO THE WESTERN STATES INSTITUTIONAL INVESTORS CONFERENCE MAY 15, 2018
PORT OF SEATTLE PRESENTATION TO THE WESTERN STATES INSTITUTIONAL INVESTORS CONFERENCE MAY 15, 2018 Elizabeth Morrison, Port of Seattle Director of Corporate Finance 0 OVERVIEW Regional Economy Port Financial
More informationSummary: Denver International Airport, Colorado; Airport
June 23, 2008 Summary: Denver International Airport, Colorado; Airport Primary Credit Analyst: Robert Hannay, San Francisco (1) 415-371-5038; robert_hannay@standardandpoors.com Secondary Credit Analyst:
More informationHeathrow (SP) Limited
28 April 2014 Heathrow (SP) Limited Results for three months ended 31 March 2014 Strong operational and financial performance at the outset of the new regulatory period Highest ever passenger satisfaction
More informationAIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter
AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter MONTRÉAL, November 4, 2010 Air Canada today reported operating income
More informationRatingsDirect. Primary Credit Analyst: Todd R Spence, Dallas (1) ; Related Criteria And Research
STANDARD &POOR'S RATINGS SERVICES McGRAW HILL FINANCIAL RatingsDirect Summary: Hillsborough County Aviation Authority, Florida Tampa International Airport; Airport Primary Credit Analyst: Todd R Spence,
More informationGreater Toronto Airports Authority Chad MacLean, Treasurer. BMO Capital Markets 2018 Infrastructure & Utilities Conference February 8, 2018
Greater Toronto Airports Authority Chad MacLean, Treasurer BMO Capital Markets 2018 Infrastructure & Utilities Conference February 8, 2018 Greater Toronto Airports Authority Chad MacLean, Treasurer BMO
More informationThank you for participating in the financial results for fiscal 2014.
Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots
More informationHalf Year F1 Results. November 4, 2015
Half Year F1 Results November 4, 2015 F17 Q1 Results 20 JULY 2016 Q1 BUSINESS HIGHLIGHTS Passenger growth of 18% to 5.8m pax on 17% seat growth Record underlying profit of 38.6m (+14%) despite Easter effect
More informationFinancial Feasibility Analysis Terminal Programming Study Des Moines Airport Authority
Financial Feasibility Analysis Terminal Programming Study Des Moines Airport Authority September 12, 2017 Contents 1. Funding Sources for Airport Projects 2. Financial Metrics 3. CIP Summary and Funding
More informationInvestor Update Issue Date: April 9, 2018
Investor Update Issue Date: April 9, 2018 This investor update provides guidance and certain forward-looking statements about United Continental Holdings, Inc. (the Company or UAL ). The information in
More informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Net Income of $103.8 million and EPS of $2.45 for the Third Quarter of 2017 Excluding special items, adjusted net income came in at $100.8 million, or EPS of $2.38 per share Panama
More informationAnalyst and Investor Conference Call Q Ulrik Svensson, CFO and Member of the Executive Board
Analyst and Investor Conference Call Q2 2017 Ulrik Svensson, CFO and Member of the Executive Board Frankfurt, 2 August 2017 Disclaimer The information herein is based on publicly available information.
More informationGatwick Airport Limited. Results for six months ended 30 September 2012
Gatwick Airport Limited Results for six months ended 30 September 2012 28 November 2012 Operational and financial performance Highlights Traffic growth + 1.2% EBITDA + 4.8% Capital expenditure 119.1m Despite
More informationMaster Plan Phase 2 Workshop
Master Plan Phase 2 Workshop Tampa Airport: A Legacy of Innovation and Convenience Tampa Airport: A legacy of Innovation and Convenience The world s first airport people mover Tampa Airport: A legacy of
More informationCHAPTER 4: ALTERNATIVES
MSP Long Term Comprehensive Plan Update Metropolitan Airports Commission 4.1 INTRODUCTION CHAPTER 4: ALTERNATIVES Several alternatives were developed and evaluated based on their capability to meet the
More informationQantas Group - Positioned for Growth and Sustainable Returns
Qantas Group - Positioned for Growth and Sustainable Returns Tino La Spina, Qantas Group Chief Financial Officer Macquarie Australia Conference 3 May 2018 Third Quarter 1 FY18 Trading Update Q3 trading
More informationWin-win-win: LANXESS sells stake in Rubber Good for LANXESS, good for ARLANXEO, good for Saudi Aramco
Win-win-win: LANXESS sells stake in Rubber Good for LANXESS, good for ARLANXEO, good for Saudi Aramco Matthias Zachert, CEO Cologne, 8 th August 2018 Safe harbor statement The information included in this
More informationMetropolitan Washington Airports Authority (MWAA)
RONALD REAGAN WASHINGTON NATIONAL DULLES TOLL ROAD DULLES METRORAIL WASHINGTON DULLES INTERNATIONAL Metropolitan Washington Airports Authority (MWAA) Andrew Rountree Chief Financial Officer & Vice President
More informationSouthwestFloridaInternational Airport
SouthwestFloridaInternational Airport SouthwestFloridaInternationalAirportislocatedinLee CountyalongtheGulfCoastofSouthFlorida,tenmiles southeastofthefortmyerscentralbusinessdistrict. Theprimaryhighwayaccesstotheairportfrom
More informationAmerican Airlines Group Reports December Traffic
NEWS RELEASE American Airlines Group Reports December Traffic 1/11/2017 FORT WORTH, Texas, Jan. 11, 2017 American Airlines Group (NASDAQ:AAL) today reported December and full year 2016 traffic results.
More informationKroll Bond Rating Agency, Inc.
Kroll Bond Rating Agency, Inc. U.S Airports Harvey Zachem Senior Director September 7, 2014 KBRA Airport Rating Methodology Kroll Bond Rating Agency (KBRA) published its General Airport Revenue Bond (GARB)
More informationAerCap Holdings N.V. April 11, 2015
AerCap Holdings N.V. April 11, 2015 Disclaimer Incl. Forward Looking Statements & Safe Harbor This presentation contains certain statements, estimates and forecasts with respect to future performance and
More informationChapter 1: Introduction Draft
Chapter 1: Draft TABLE OF CONTENTS 1... 4 1.6.1 Stakeholder Engagement Plan... 10 Chapter 1 Page 2 TABLE OF EXHIBITS Exhibit 1.1-1 ABIA Annual Growth Since 1993... 5 Exhibit 1.4-1: ABIA Location Map...
More informationAMERICAN AIRLINES GROUP REPORTS DECEMBER TRAFFIC RESULTS
Corporate Communications 817-967-1577 mediarelations@aa.com Investor Relations 817-931-3423 investor.relations@aa.com FOR RELEASE: Monday, AMERICAN AIRLINES GROUP REPORTS DECEMBER TRAFFIC RESULTS FORT
More informationGerry Laderman SVP Finance, Procurement and Treasurer
Gerry Laderman SVP Finance, Procurement and Treasurer Safe Harbor Statement Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect
More informationCapitaMalls Asia Limited Asia s Leading Mall Developer, Owner and Manager Singapore China Malaysia Japan India
CapitaMalls Asia Limited Asia s Leading Mall Developer, Owner and Manager Singapore China Malaysia Japan India Joint Venture with Changi Airport Group to Develop an Iconic Mixed-Use Development at Changi
More informationChapter 1: Introduction
Chapter 1: TABLE OF CONTENTS 1... 4 1.1 Master Plan Study Content... 4 1.2 Purpose and Scope of Master Plan Study... 4 1.3 Airport History and Role... 6 1.4 Airport Location and Service Area... 6 1.5 ABIA
More informationCREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014
CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014 1 1 SAFE HARBOR This presentation contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning
More informationCebu Air, Inc. 2Q2014 Results of Operation
Cebu Air, Inc. 2Q2014 Results of Operation 1 Disclaimer This information provided in this presentation is provided only for your reference. Such information has not been independently verified and, as
More information1Q 2017 Earnings Call. April 18, 2017
1Q 2017 Earnings Call April 18, 2017 Safe Harbor Statement Certain statements included in this presentation are forward-looking and thus reflect our current expectations and beliefs with respect to certain
More informationAMERICAN AIRLINES GROUP REPORTS RECORD FEBRUARY TRAFFIC AND CAPACITY
Corporate Communications 817-967-1577 mediarelations@aa.com Investor Relations 817-931-3423 investor.relations@aa.com FOR RELEASE: Tuesday, AMERICAN AIRLINES GROUP REPORTS RECORD FEBRUARY TRAFFIC AND CAPACITY
More informationSaudi Aramco and LANXESS to form a global synthetic rubber powerhouse
Saudi Aramco and LANXESS to form a global synthetic rubber powerhouse Safe harbor statement The information included in this presentation is being provided for informational purposes only and does not
More informationAMERICAN AIRLINES GROUP REPORTS RECORD DECEMBER TRAFFIC RESULTS
Corporate Communications 817-967-1577 mediarelations@aa.com Investor Relations 817-931-3423 investor.relations@aa.com FOR RELEASE: Tuesday, AMERICAN AIRLINES GROUP REPORTS RECORD DECEMBER TRAFFIC RESULTS
More informationBAA (SP) Limited Results for six months ended 30 June July 2011
BAA (SP) Limited Results for six months ended 30 June 2011 July 2011 Record Q2 Heathrow traffic Good overall service standards Strong financial results Successful dollar and sterling financings H1 2011
More informationJazz Air Income Fund. presented by Allan Rowe, Senior Vice President and Chief Financial Officer
Jazz Air Income Fund presented by Allan Rowe, Senior Vice President and Chief Financial Officer BMO Capital Markets 2007 Income Trust Conference Toronto, November 20, 2007 Hello. 1 Forward Looking Statement
More informationINVESTOR PRESENTATION. Imperial Capital Global Opportunities Conference September 2015
INVESTOR PRESENTATION Imperial Capital Global Opportunities Conference September 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private
More informationCopa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018
Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018 May 9, 2018 PANAMA CITY, May 9, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial
More informationOperating lease of 50 new MC aircraft. Annual General Meeting of Shareholders Moscow 25 June 2018
Operating lease of 50 new MC-21-300 aircraft Annual General Meeting of Shareholders Moscow 25 June 2018 Disclaimer This document has been prepared by PJSC Aeroflot (the Company ). By attending the meeting
More informationSaudi Aramco and LANXESS to form a global synthetic rubber powerhouse. Matthias Zachert, CEO Michael Pontzen, CFO
Saudi Aramco and LANXESS to form a global synthetic rubber powerhouse Matthias Zachert, CEO Michael Pontzen, CFO Safe harbor statement The information included in this presentation is being provided for
More informationChapter 9: Financial Plan Draft
Chapter 9: Draft TABLE OF CONTENTS 9... 5 9.2.1 ABIA Accounting... 6 9.2.2 Legal Environment... 6 9.2.3 Governing Documents... 8 9.3.1 FAA AIP Grants... 13 9.3.2 Local ABIA Funds... 14 9.4.1 Defer or Delay
More informationAirline Market Shares of Enplaned Passengers. Scheduled Average Daily Aircraft Departures by Airline. Average Domestic One-Way Airline Fares
December 31, 2009 Mr. Mark Brewer Airport Director Manchester-Boston Regional Airport One Airport Road, Suite 300 Manchester, New Hampshire 03103 Re: Continuing Disclosure Certificate Dear Mr. Brewer:
More informationKERRIE MATHER MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER. Macquarie Conference 4 MAY 2016
KERRIE MATHER MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER Macquarie Conference 4 MAY 2016 Disclaimer General securities warning This presentation has been prepared by Sydney Airport Limited (ACN 165
More informationAviation Sector Upbeat domestic demand, a sweet spot for LCCs
13 March 2018 Sector Update Aviation Sector Upbeat domestic demand, a sweet spot for LCCs Maintain POSITIVE INVESTMENT HIGHLIGHTS MAHB s passengers grew by +4.7%yoy in February 2018 International passengers
More information14 C.F.R. Part 158. Passenger Facility Charge Program Logan International Airport. Public Notice
14 C.F.R. Part 158 Passenger Facility Charge Program Logan International Airport Public Notice Summary of Proposed 2018 PFC Application PFC Project Descriptions and Justifications PFC Financial Plan Class
More informationInvestor Update April 23, 2009
JetBlue Airways Investor Relations (718) 709-2202 ir@jetblue.com Investor Update April 23, 2009 This investor update provides our investor guidance for the second quarter ending June 30, 2009 and full
More informationJoe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer
Joe Randell President and Chief Executive Officer Jolene Mahody Executive Vice President and Chief Financial Officer Nathalie Megann Vice President, Investor Relations and Corporate Affairs December, 2015
More informationAdjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million
Air Canada Reports Record Second Quarter 2013 Results Highest Adjusted Net Income, Operating Income and EBITDAR Results for Second Quarter in Air Canada s History Adjusted net income of $115 million versus
More informationINVESTOR PRESENTATION. May 2015
INVESTOR PRESENTATION May 2015 Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the
More informationSpirit Airlines Reports First Quarter 2017 Results
Spirit Airlines Reports First Quarter 2017 Results MIRAMAR, Fla., April 28, 2017 - Spirit Airlines, Inc. (NASDAQ: SAVE) today reported first quarter 2017 financial results. GAAP net income for the first
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Net Income of US$18.6 Million and EPS of US$0.42 for the Second Quarter of 2010 Excluding special items, adjusted net income came in at $26.3 million, or $0.60 per share Panama City,
More informationCopa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018
Copa Holdings Reports Net Income of $49.9 million and EPS of $1.18 for the Second Quarter of 2018 Panama City, Panama --- Aug 8, 2018. Copa Holdings, S.A. (NYSE: CPA), today announced financial results
More informationHouston Airport System IAH Master Plan 2035 Summary
Summary INTRODUCTION The Houston Airport System owns/operates three airports George Bush Intercontinental Airport (IAH) the city s largest airport and global gateway, serving over 40 million passengers
More informationSTATISTICAL REPORT Fiscal YEAR SUMMARY. Houston Airport System P.O. Box Houston, TX
STATISTICAL REPORT 215 Fiscal YEAR SUMMARY P.O. Box 616 Houston, TX 7725 16 Table of Contents 1 Aircraft Operations 2 3 George Bush Intercontinental 4 William P. Hobby 5 Originating Enplaned 6 7 8 Passenger
More informationLove Field Modernization Program Update: Master Planning Recommendations
Love Field Modernization Program Update: Master Planning Recommendations Briefing to the Council Transportation and Environment Committee April 28, 2008 1 1 Briefing Objective Discuss the background and
More informationCopa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006
Copa Holdings Reports Record Earnings of US$41.8 Million for 4Q06 and US$134.2 Million for Full Year 2006 Panama City, Panama --- March 7, 2007. Copa Holdings, S.A. (NYSE: CPA), parent company of Copa
More informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Financial Results for the First Quarter of 2016 Excluding special items, adjusted net income came in at US$69.9 million, or EPS of US$1.66 per share Panama City, Panama --- May 5,
More informationAmerican Airlines Group Inc.
American Airlines Group Inc. Bank of America Merrill Lynch 2018 Transportation Conference Derek Kerr Chief Financial Officer Cautionary Statement Regarding Forward-Looking Statements and Information This
More informationHATTEN LAND LIMITED. Shaping the Future, Melaka and Beyond. FY2017 Results. Corporate Presentation 17 August 2017
HATTEN LAND LIMITED Shaping the Future, Melaka and Beyond FY2017 Results Corporate Presentation 17 August 2017 Disclaimer Information in this presentation may contain forward-looking statements that reflect
More informationOPERATING AND FINANCIAL HIGHLIGHTS
Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,
More informationParques Reunidos Corporate Presentation March 2016
Parques Reunidos Corporate Presentation March 216 Disclaimer The information contained in this presentation (the Presentation ), including but not limited to forward-looking statements, is provided as
More informationAmerican Airlines Group Reports Second-Quarter Profit
NEWS RELEASE American Airlines Group Reports Second-Quarter Profit 7/28/2017 FORT WORTH, Texas American Airlines Group Inc. (NASDAQ:AAL) today reported its second-quarter 2017 results, including these
More informationLeveraging CFCs Using Consolidated Facility Charges to Fund Airport Projects
Leveraging CFCs Using Consolidated Facility Charges to Fund Airport Projects Jessica Soltz Rudd Senior Director 2007 ACI-NA Economics & Finance Conference May 22, 2007 Agenda Using CFC Revenues Pay-go
More informationTAIT FY 2019 BUDGET Summary
TAIT FY 2019 BUDGET Summary Prior FY Budget V Current FY Budget PY 2018 Budget FY 2019 Budget Net % Net $ Beginning Cash (Revenue Fund) $ 2,823,010.00 $ 3,000,000.00 6.27% $ 176,990.00 PFC's & CFC's for
More informationCiti Industrials Conference
Citi Industrials Conference June 13, 2017 Andrew Levy Executive Vice President and Chief Financial Officer Safe Harbor Statement Certain statements included in this presentation are forward-looking and
More informationCopa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018
Copa Holdings Reports Net Income of $57.7 million and EPS of $1.36 for the Third Quarter of 2018 November 14, 2018 PANAMA CITY, Nov. 14, 2018 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced
More informationDFW Airport Update J.P. Morgan Public Finance Transportation and Utility Investor Forum
DFW Airport Update J.P. Morgan Public Finance Transportation and Utility Investor Forum 0 March 16, 2017 Chris Poinsatte EVP/CFO DFW International Airport DFW has Grown into a Global Super-Hub 24-hour
More informationNEWCREST LOOKING TO THE FUTURE
NEWCREST LOOKING TO THE FUTURE Sandeep Biswas Managing Director and Chief Executive Officer Disclaimer Forward Looking Statements This presentation includes forward looking statements. Forward looking
More informationJazz Air Income Fund presented by Joseph Randell, President and Chief Executive Officer National Bank Financial Transportation & Logistics Conference
Jazz Air Income Fund presented by Joseph Randell, President and Chief Executive Officer National Bank Financial Transportation & Logistics Conference March 2008 Forward Looking Statement CAUTION REGARDING
More informationWizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load Factor of 88% (+2.3ppt)
Q3 F17 FINANCIAL RESULTS 1 FEBRUARY 2017 BUSINESS HIGHLIGHTS Current market conditions favour ULCCs Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load
More informationCITY OF PALM SPRINGS FINANCING AUTHORITY CITY OF PALM SPRINGS
CITY OF PALM SPRINGS FINANCING AUTHORITY $12,720,000 Airport Passenger Facility Charge Revenue Bonds, Series 1998 (Palm Springs Regional Airport) Issue Date: June 3, 1998 CITY OF PALM SPRINGS $12,115,000
More informationPublic Notice of Opportunity to Comment on Los Angeles World Airports Passenger Facility Charge Application at Los Angeles International Airport
Re: Public Notice of Opportunity to Comment on Los Angeles World Airports Passenger Facility Charge Application at Los Angeles International Airport Los Angeles World Airports (LAWA) intends to submit
More informationState of Hawaii, Department of Transportation, Airports Division. PATA Hawai i. September 13, 2018
State of Hawaii, Department of Transportation, Airports Division PATA Hawai i September 13, 2018 Department of Transportation DOTA Continues Major Initiatives in 2018 Airports Division Enhance financial
More information28 MARCH 2019 AIR NEW ZEALAND 2019 INTERIM RESULT
28 MARCH 2019 Forward-looking statements This presentation contains forward-looking statements. Forward-looking statements often include words such as anticipate, expect, intend, plan, believe, continue
More informationOPERATING AND FINANCIAL HIGHLIGHTS. Subsequent Events
Copa Holdings Reports Net Income of US$113.1 Million and EPS of US$2.57 for the First Quarter of 2015 Excluding special items, adjusted net income came in at US$106.0 million, or EPS of US$2.41 per share
More informationKansas City Aviation Department. Community Listening Session
Kansas City Aviation Department Community Listening Session Listening Session Purpose The Kansas City Aviation Department is moderating these community listening sessions in order to gather feedback from
More informationCopa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013
Copa Holdings Reports Net Income of US$113.9 Million for the Fourth Quarter of 2013 Panama City, Panama --- February 12, 2014. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the
More informationHATTEN LAND LIMITED. Shaping the Future, Melaka and Beyond. Corporate Presentation 12 October 2017
HATTEN LAND LIMITED Shaping the Future, Melaka and Beyond Corporate Presentation 12 October 2017 Disclaimer Information in this presentation may contain forward-looking statements that reflect the current
More informationOPERATING AND FINANCIAL HIGHLIGHTS SUBSEQUENT EVENTS
Copa Holdings Reports Financial Results for the Third Quarter of 2016 Excluding special items, adjusted net income came in at $55.3 million, or adjusted EPS of $1.30 per share Panama City, Panama --- November
More informationGATWICK AIRPORT LIMITED
GATWICK AIRPORT LIMITED Investor briefing CAA Q6 Final Proposals 7 October 2013 AGENDA Introduction Airport Commitments o Price o Service o Other terms CAA licence & monitoring, underpinning the Airport
More informationGuidance on criteria for assessing the financial resources of new applicants and holders of operating licences
Consumer Protection Group Risk Analysis Department Guidance on criteria for assessing the financial resources of new applicants and holders of operating licences Version 10 (20 April 2010) 1 Introduction
More informationCitigroup Investor Conference October 2010
Citigroup Investor Conference October 2010 Disclaimer Important information This presentation ti has been prepared in good faith, but no representation ti or warranty, express or implied, is made as to
More information