CRAA Board of Directors Meeting

Transcription

1 CRAA Board of Directors Meeting John Glenn Columbus International Airport August 28, Columbus Regional Airport Authority 4600 International Gateway Board Room Columbus, OH, 43219

2 Board Meeting Agenda Tuesday, August 28, at 4:00 p.m. Board Room Expected Participants: Susan Tomasky, Chair William Heifner, Vice Chair Dr. Frederic Bertley Don Casto Paul Chodak III Elizabeth Kessler Jordan Miller Terrance Williams Absent: Kathleen Ransier I) Call to Order... S. Tomasky II) III) IV) Outstanding Customer Service Awards... S. Tomasky Approval of July 24, Minutes Committee Reports Air Service & Customer Experience... T. Williams Business Development & Logistics... E. Kessler Facilities & Services...W. Heifner Finance & Audit... J. Miller Human Resources... D. Casto V) President & CEO Report... J. Nardone VI) VII) Reading of Resolutions Other Business

3 BOARD OF DIRECTORS MEETING MINUTES OF July 24, Present: Susan Tomasky, Chair William R. Heifner, Vice Chair Dr. Frederic Bertley Don M. Casto, III Paul Chodak III Elizabeth P. Kessler Jordan A. Miller, Jr Kathleen Ransier Terrance Williams Absent: CRAA Executive Staff: Joseph R. Nardone, C.M., President & Chief Executive Officer Tory Richardson, A.A.E., Executive Vice President & Chief Operating Officer Randy Bush, Chief Financial Officer Casey Denny, A.A.E., Chief Asset Officer Shannetta Griffin, Chief Development Officer David Whitaker, Chief Commercial Officer CRAA Staff: J. Aldergate, K. Bailey, S. Bell, T. Henson, K. Easterday, D. Finch, J. Gardner, C. Goodwin, R. Gray, J. Pemberton, K. Shirer, B. Sarkis, A. Tabor, A. Wickline Others Present: Chuck Berry, Dugan & Meters John Montgomery, COSWN Marla Rose, Columbus Dispatch CALL TO ORDER Chair Tomasky called the Board Meeting of the Columbus Regional Airport Authority to order at 4:03 p.m. on Tuesday, July 24,. MINUTES Chair Tomasky asked if there were any additions or corrections to the Minutes of June 26,. Hearing none, Miller moved for approval; Williams seconded. Motion passed. COMMITTEE REPORTS Reference: Full Committee Reports and the President s report may be obtained online: Air Service and Customer Experience Committee: Williams reported the committee did not meet; however, the first quarterly report on air service related matters is on the portal for the board s utilization. The report should help with engagement of community partners. Feedback on the report is important and welcomed at any time. Business Development and Logistics Committee: Kessler reported that the committee met prior to the board meeting and discussed the following: Page 1 3

4 Branding and messaging on the North American International Freight Center, previously known as Rickenbacker Inland Port. Rickenbacker International Airport Master Plan. YTD cargo activity is up 20% over last year. New equine facility and designation as permanent port of export for livestock. Activity in the Rickenbacker Global Logistics Park. Reviewed and recommend approval of proposed Resolution # Facilities and Services Committee: Heifner reported that the committee did not meet in July; however, they are currently reviewing facility plans and will update the Board when the review is final. Finance and Audit Committee: Miller reported that the committee met prior to the board meeting and discussed the following: Year to date financials. Reviewed and recommend approval of proposed Resolutions #50-18 and # Bush provided an overview of the June financial statements. There was general discussion about the increase in rental car transactions, which is attributed to the increase in passenger numbers and better customer understanding of the new payment policy put in place by rental car companies in. Human Resources Committee: No Report. President & CEO Report Nardone provided brief remarks on the July President s Report. RESOLUTIONS VOTE RESOLUTION #47-18 OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY AUTHORIZING A CONTRACT IN THE AMOUNT OF $2,288,395 WITH OSHKOSH AIRPORT PRODUCTS, LLC, FOR THE PURCHASE OF FIVE REPLACEMENT HIGH-SPEED 6X6 PLOW TRUCKS WITH V-BED SPREADERS, PROJECT #15023, FOR USE AT JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT. MOVED: W. Heifner; YEA: 9 NAY: SECONDED: P. Chodak III ABSTAIN: RESOLUTION #48-18 OF THE COLUMBUS REGIONAL AIRPORT AUTHORITY AUTHORIZING PURSUIT, ACCEPTANCE AND EXECUTION OF FUTURE GRANTS/LOCAL-LET PROJECT AGREEMENTS FROM THE OHIO DEPARTMENT OF TRANSPORTATION (ODOT) FOR THE RICKENBACKER PARKWAY PHASE 3A PROJECT AT RICKENBACKER INTERNATIONAL AIRPORT. MOVED: P. Chodak III; YEA: 9 NAY: SECONDED: T. Williams ABSTAIN: RESOLUTION #49-18 EXECUTION OF A CONSTRUCTION SERVICES AGREEMENT WITH DUBLIN BUILDING SYSTEMS INC., IN THE AMOUNT OF $360,421 FOR TENANT IMPROVEMENTS FOR FEDERAL EXPRESS CORPORATION AT AIR CARGO TERMINAL I, 7200 ALUM CREEK DRIVE, AT RICKENBACKER INTERNATIONAL AIRPORT. MOVED: P. Chodak III; YEA: 9 NAY: SECONDED: E. Kessler ABSTAIN: Page 2 3

5 RESOLUTION #50-18 AUTHORIZING A SECOND AMENDMENT TO REIMBURSEMENT AGREEMENT AMENDING AND SUPPLEMENTING THE REIMBURSEMENT AGREEMENT DATED AS OF JANUARY 1, 2004 BETWEEN THE COLUMBUS REGIONAL AIRPORT AUTHORITY AND U.S. BANK, NATIONAL ASSOCIATION IN CONNECTION WITH OHIO MUNICIPAL BOND POOLED FINANCING PROGRAM EXPANDED ASSET POOLED FINANCING PROGRAM. MOVED: J. Miller; YEA: 9 NAY: SECONDED: T. Williams ABSTAIN: RESOLUTION #51-18 (i) A SEVENTH SUPPLEMENTAL TRUST INDENTURE AMENDING AND SUPPLEMENTING A TRUST INDENTURE DATED AS OF MARCH 1, 2004 BETWEEN THE COLUMBUS REGIONAL AIRPORT AUTHORITY AND U.S. BANK, NATIONAL ASSOCIATION AS TRUSTEE AND (ii) A SECOND AMENDMENT TO AMENDED AND RESTATED REIMBURSEMENT AGREEMENT AMENDING AND SUPPLEMENTING AN AMENDED AND RESTATED REIMBURSEMENT AGREEMENT DATED AS OF DECEMBER 1, 2006 BETWEEN THE COLUMBUS REGIONAL AIRPORT AUTHORITY AND U.S. BANK, NATIONAL ASSOCIATION IN CONNECTION WITH OASBO EXPANDED ASSET POOLED FINANCING PROGRAM. MOVED: J. Miller; YEA: 9 NAY: SECONDED: P. Chodak III ABSTAIN: OTHER BUSINESS Chair Tomasky proposed two process changes to the Board for their future consideration. Paperless format o Provide Board Meeting and Committee Meeting documentation electronically on the BoardEffect web portal. o Provide technology devices for Board member use at meetings. Board Meeting Modifications o General discussion on structure and timing of meetings becoming more agile to accommodate the business needs of the Board & CRAA. o New process in place by end of year. Dr. Bertley informed the board the American Society Association of Executives (ASAE) is hosting their 2019 Annual Meeting in Columbus. John Glenn Columbus International will be their first impression of the city and it needs to be an incredible first experience for the group. Chair Tomasky appointed Dr. Bertley to chair a Board Task Force to work on this initiative and requested additional volunteers. Task Force members: Bertley-Chair, Chodak, and Williams. With no further business being brought before the board, Casto moved to adjourn. Williams seconded. Chair Tomasky adjourned the meeting at 4:35 p.m. on Tuesday, July 24,. Respectfully submitted, Joseph R. Nardone Secretary JRN tlh Page 3 3

6 Columbus Regional Airport Authority Financial Statements July 31, Respectfully Submitted Randy Bush, CPA, CIA Chief Financial Officer Unaudited for internal purposes

7 CRAA Operating Revenue & Expenses For the Period Ending July 31, ($ In Thousands) REVENUE ACTUAL BUDGET VARIANCE % ACTUAL VARIANCE PARKING $23,022 $22,063 $ % $21,484 $1,538 MANAGEMENT COMMENTS CURRENT YEAR BUDGET VARIANCE: REVENUE Total Operating Revenue has a positive budget variance of $3,159. AIRLINES 20,471 19, % 19, GROUND TRANSPORTATION 7,196 6, % 6, CONCESSIONS & MISC LESSEES 5,778 5, % 5, AIR FREIGHT 4,243 3, % 3, HOTEL 2,770 2, % 2, GENERAL AVIATION 2,062 1, % 2,070 (8) GROUND HANDLING FEES 2,267 1, % 1, FOREIGN TRADE ZONE % INTERMODAL LIFT FEES (117) -16.8% OTHER INCOME % 536 (186) $69,062 $65,904 $3, % $65,134 $3,928 EXPENSES SALARIES & WAGES $16,656 $16,305 ($351) -2.2% $14,897 ($1,759) BENEFITS & PERSONNEL 5,193 5, % 5, SUPPLIES & MATERIALS 3,213 3,027 (186) -6.1% 2,284 (929) SERVICES 13,459 15,092 1, % 12,490 (969) HOTEL SERVICES 1,502 1,430 (72) -5.0% 1,391 (111) CONTRACT LABOR FBO/GSE 1,408 1, % 1,237 (171) CONTRACT LABOR OTHER 5,565 5,330 (235) -4.4% 4,995 (570) OTHER EXPENSES $46,996 $48,530 $1, % $42,951 ($4,045) OPERATING INCOME BEFORE DEPRECIATION $22,066 $17,374 $4, % $22,183 ($117) PARKING - $959 The favorable variance is due to increased utilization of the Garage, Green Lot, and Valet parking as a result of higher enplanements. This is partially offset by decreased utilization of the Blue Lot. AIRLINES - $599 The favorable variance is the result of an increase in space rent due to the entrance of Spirit Airlines and an increase in gate use fees. GROUND TRANSPORTATION - $354 The favorable variance is primarily due to a rental car commission increase related to audit findings as well as higher TNC revenues compared to budget. CONCESSIONS & MISC LESSEES - $412 The favorable variance is the result of an increase in food and beverage revenue due to higher enplanements. AIR FREIGHT - $505 The favorable variance is due to an increase in the unit price for ground fuel as well as an increase in fuel into plane fees and fuel system management fees as a result of increased flights. GROUND HANDLING FEES - $279 The favorable variance is due to increased cargo and passenger flights compared to budget. INTERMODAL LIFT FEES - ($117) The unfavorable variance is due to fewer lift fees compared to budget. EXPENSES Total Operating Expenses have a positive budget variance of $1,534. SALARIES & WAGES - ($351) The unfavorable variance is the result of an increase in overtime due to snow and ice events and using existing staff in an overtime capacity to back fill for vacant positions. There is also an increase in the PTO disbursement as well as retirement and leave payouts. These are partially offset by vacancies throughout the organization. BENEFITS & PERSONNEL - $730 The favorable variance is a result of vacant positions anticipated to utilize health insurance and OPERS. SUPPLIES & MATERIALS- ($186) The unfavorable variance is due to an increase in snow supply usage at the beginning of the year as well as an increase in the unit price for ground fuel. These are partially offset by an underutilization of airfield and terminal parts and supplies. SERVICES - $1,633 The favorable variance is the result of the timing of spend for airport maintenance, equipment maintenance and rental, professional services, staff training and development, advertising and marketing, elevator/escalator inspections, and misc. services. Also, invoiced glycol rates came back favorable compared to previous estimates. These are partially offset by an increase in contracted snow removal services for the parking lots and electricity usage. CONTRACT LABOR OTHER - ($235) The unfavorable variance is due to several vacant positions in the organization being filled by contracted labor as well as higher parking contracted labor compared to budget. 1 Financial statements set forth are unaudited.

8 COLUMBUS REGIONAL AIRPORT AUTHORITY For the Period Ending July 31, ($ In Thousands) COMPOSITION OF OPERATING REVENUE (Current Year Percentage) COMPOSITION OF OPERATING EXPENSES (Current Year Percentage) GENERAL AVIATION 2.9% GROUND HANDLING FEES 3.3% GROUND TRANSPORTATION 10.4% HOTEL 4.0% SUPPLIES & MATERIALS 6.8% SERVICES 28.6% CONCESSIONS & MISC LESSEES 8.4% BENEFITS & PERSONNEL 11.1% HOTEL SERVICES 3.2% PARKING 33.5% AIRLINES 29.6% CONTRACT LABOR FBO/GSE 3.0% OTHER INCOME 1.8% AIR FREIGHT 6.1% SALARIES & WAGES 35.6% CONTRACT LABOR OTHER 11.7% UTILITY COSTS (Year over Year / Year to Date) CRAA SALARIES & WAGES (LCK & CMH) A $2,501 Head Count Part Time 5 Overtime B $2,366 A $2,238 Filled 400 Vacant 43 Full Time 34 $ A $2,136 $ A $2,274 Seasonal 4 Actual Reported through pay period ending 7/14/18. Budget RENTAL CAR ACTIVITY (Year over Year / Year to Date) 49,226 46,203 Number of Transactions 251, ,516 48, ,377 Gross Receipts 6/30/ 6/30/ Variance AVIS $7,448 $7,119 $329 BUDGET 4,760 5,341 (581) DOLLAR 2,010 2,685 (675) THRIFTY 2,369 1, ENTERPRISE 8,103 7, HERTZ 8,707 8, NATIONAL 7,401 7,445 (44) ALAMO 1,436 1, June Year to Date Reported 1 month in arrears. TOTAL $42,234 $41,546 $688 2 Financial statements set forth are unaudited.

9 COLUMBUS REGIONAL AIRPORT AUTHORITY JOHN GLENN INTERNATIONAL For the Period Ending July 31, ($ In Thousands) HOTEL OPERATIONS EXPENSES BY COST CENTER Budget Variance REVENUE $2,770 $2,709 $61 EXPENSES 1,502 1,430 ($73) Net Operating Income $1,268 $1,279 ($11) Revenue Per Available Room Actual Average Daily Rate Occupancy Rate Actual Budget Airfield Apron Terminal $5,045 $1,177 $9,047 $5,221 $1,110 $8,763 $ $ $ $ % 76.1% Prkg./Ground Trans. Leased Properties $6,409 $1,968 $6,124 $2,086 Actual Budget Actual Budget Actual Budget G&A Support $14,278 $16,537 Statistical Results are reported as of 6/30/18. NON-AIRLINE REVENUE LEASABLE LANDSIDE BUILDINGS JOHN GLENN COLUMBUS GATES (Square Feet) Occupied 220,833 Actual $38,900 Air Cargo ,000 Air Cargo ,000 Budget $37,135 Vacant 24,000 Variance $1,765 Total 244,833 % of Total Revenue 66.0% % Occupied 90% Gate Inventory DELTA 6 AMERICAN 7 FRONTIER 1 SOUTHWEST 5 SPIRIT 1 TOTAL 31 UNITED 3 UNLEASED 8 1,191 YTD Use of Unleased Gates 1, Reported as of 6/30/ Financial statements set forth are unaudited.

10 COLUMBUS REGIONAL AIRPORT AUTHORITY RICKENBACKER INTERNATIONAL For the Period Ending July 31, ($ In Thousands) RICKENBACKER OPERATING INCOME Revenue Actual Budget Variance Actual Variance Aviation - Business Services $4,009 $3,353 $656 $2,946 $1,063 Aviation - Public Airport 3,753 3, , Aviation - Airside Buildings (97) Real Estate 1,335 1,444 (109) 1, Indirect (1) Total 9,811 9, ,267 1,544 Expenses Aviation - Business Services 2,783 2, ,231 (552) Aviation - Public Airport 3,188 2,946 (242) 2,665 (523) Aviation - Airside Buildings (422) 401 (532) Real Estate Indirect 1,462 1, ,197 (265) Total 8,728 8,269 (459) 6,950 (1,778) Net Operating Income $1,083 $809 $274 $1,317 ($234) FBO OPERATIONS LEASABLE LANDSIDE BUILDINGS Actual Budget Variance (Square Feet) GROUND FUEL EVENT FEES UNLEADED $7,395 $7,781 ($386) DIESEL 68,110 62,450 5,660 Occupied 289,435 $75,505 $70,231 $5,274 FUEL INTO PLANE FEES Air Cargo ,800 CARGO $753,555 $536,699 $216,856 Air Cargo ,000 PASSENGER 103, ,980 2,895 Vacant 31,800 $857,430 $637,679 $219,751 NUMBER OF AIRCRAFT TURNS Total 321,235 CARGO PASSENGER ,272 1, AVIATION RETAIL FUEL SALES (GALLONS) % Occupied JET A 171,003 43, ,253 AVGAS 3,291 3,792 (501) 174,294 47, ,752 4 Financial statements set forth are unaudited. 90%

11 Statement of Net Position Analysis For the Period Ending July 31, ($ In Thousands) ASSETS 7/31/ 12/31/ VARIANCE CASH BALANCES CASH & CASH EQUIVALENTS $184,132 $165,637 $18,495 UNRESTRICTED FUNDS: % of Total ACCOUNTS RECEIVABLE, NET 15,619 20,593 (4,974) REVENUE FUND $20, % INVENTORY & PREPAIDS 3,172 3, GENERAL PURPOSE FUND 62, % LAND, PROPERTY & EQUIPMENT, NET 756, ,463 (1,576) O&M/R&R FUND 12, % DEPOSITS, DEFERRED OUTFLOWS 16,904 16,904 - HOTEL ESCROW FUND % LIABILITIES SECURITY DEPOSIT FUND % RESTRICTED FUNDS: 96, % CURRENT LIABILITIES: PASSENGER FACILITY FUND 26, % ACCOUNTS PAYABLE $12,044 $9,626 $2,418 RENTAL CAR FACILITY FUND 60, % REVOLVING CREDIT FACILITY 9,500 9,500 - BOND DEBT SERVICE FUND 1, % ACCRUED EXPENSES 14,137 18,975 (4,838) RETAINAGE DEPOSIT FUND % UNEARNED INCOME, DEFERRED INFLOWS 3,083 3,110 (28) 87, % LONG-TERM LIABILITIES: TOTAL CASH $184,132 REVENUE BONDS 75,192 80,983 (5,791) UNFUNDED PENSION LIABILITY 38,666 38,666 - TOTAL LIABILITIES & DEFERRED INFLOWS 152, ,861 (8,239) NET POSITION TOTAL ASSETS & DEFERRED OUTFLOWS $976,713 $964,746 $11,967 NET POSITION - BEGINNING OF YEAR 803, ,613 20,272 INCREASE (DECREASE) IN NET POSITION 20,206 20,272 (67) NET POSITION - END OF PERIOD 824, ,886 20,206 TOTAL LIABILITIES, DEFERRED INFLOWS & NET POSITION $976,713 $964,746 $11,967 Unrestricted Cash on Hand (Days) Days Unrestricted Cash on Hand Board & Airline Approved Moody's Average* *Benchmark from Moody's 2016 Airport Medians Report for an A2 airport DEBT STRUCTURE CAPITAL EXPENDITURES Debt Per Enplaned Outstanding Balance Passenger Approved Capital Budget $79,681 Revolving Credit Facility (72% LIBOR +85 bps) $ 9,500 Total Cash Expenditures to Date $20,583 Long-Term Debt % of Approved Capital Budget 26% CMH Revenue Bonds: Series (Mat. 2021, 1.66%) 6,940 $50.92 Total Accrued Expenditures to Date $22,036 Series (Mat. 2030, 2.48%) 33,668 $19.05 % of Approved Capital Budget 28% Series (Mat. 2023, 1.62%) 34,583 Revolving Credit Facility & Debt $ 84,692 75,192 CRAA Moody's Total Baseline to Date $37,931 Average* % of Baseline to Date 58% *Benchmark from Moody's 2016 Airport Medians Report for an A2 airport. 5 Financial statements set forth are unaudited.

12 Columbus Regional Airport Authority Parking & Ground Transportation Operating Revenue & Expenses July 31, Unaudited for internal purposes

13 PARKING & GROUND TRANSPORTATION OVERVIEW July-18 Year to Date Year to Date Operating Revenue Actual Budget Variance % Actual Budget Variance % Actual Variance % Parking Garage $ 1,420,212 $ 1,211,729 $ 208, % $ 10,572,673 $ 10,029,374 $ 543, % $ 10,186,234 $ 386, % Blue Lot 561, ,441 (42,065) -7.0% 4,099,378 4,203,354 (103,976) -2.5% 4,260,960 (161,583) -3.8% Red Lot 519, ,457 25, % 3,254,563 3,163,980 90, % 3,192,011 62, % Employee Lot 71,515 62,465 9, % 600, ,755 37, % 563,866 36, % Rickenbacker 135, ,076 (23,628) -14.9% 746, ,855 5, % 674,009 72, % Green Lot 279, ,930 43, % 1,635,004 1,474, , % 1,475, , % Walking Lot 59,029 46,200 12, % 368, ,000 71, % - 368,432 - Parking Subtotal 3,046,526 2,813, , % 21,276,574 20,471, , % 20,352, , % Valet Parking 156, ,988 6, % 1,351,298 1,221, , % 779, , % Off-Site Parking 51,606 46,416 5, % 353, ,912 28, % 305,683 47, % Hotel Parking 3,912 6,406 (2,494) -38.9% 40,262 44,842 (4,580) -10.2% 48,838 (8,575) -17.6% Parking Total 3,258,304 3,016, , % 23,021,270 22,063, , % 21,486,358 1,534, % Ground Transportation Rental Cars 1,067,187 1,019,619 47, % 6,342,362 6,095, , % 6,262,924 79, % Transportation Network Companies 94,926 69,696 25, % 605, , , % 407, , % Taxi Cab Commissions 13,667 21,059 (7,392) -35.1% 98, ,703 (13,436) -12.0% 98,354 (87) -0.1% Commercial Access 21,475 21, % 149, ,000 2, % 155,247 (5,714) -3.7% Ground Transportation Total 1,197,255 1,131,374 65, % 7,195,943 6,841, , % 6,924, , % $ 4,455,559 $ 4,147,482 $ 308, % $ 30,217,213 $ 28,905,265 $ 1,311, % $ 28,410,516 $ 1,806, % Operating Expenses Garage 23, , , % 1,125, ,355 (200,001) -21.6% 976,857 (148,498) -15.2% Blue Lot 158, ,554 (28,200) -21.6% 1,008, ,592 (21,081) -2.1% 977,291 (31,382) -3.2% Red Lot 120,754 93,631 (27,123) -29.0% 732, ,433 (23,883) -3.4% 693,117 (39,199) -5.7% Employee Lot 80,367 68,413 (11,954) -17.5% 476, ,030 44, % 472,426 (4,322) -0.9% Rickenbacker 15,490 4,773 (10,717) % 153,183 46,705 (106,478) % 75,879 (77,304) % Green Lot 65,695 58,987 (6,708) -11.4% 521, ,174 (71,726) -15.9% 457,720 (64,180) -14.0% Ground Transportation 93,934 69,500 (24,434) -35.2% 699, ,158 2, % 449,647 (250,080) -55.6% Valet Parking 88,963 73,982 (14,981) -20.2% 607, ,051 (67,505) -12.5% 374,505 (233,052) -62.2% Walking Lot 1,028 1, % 40,516 20,595 (19,921) -96.7% 2,005 (38,511) % $ 648,068 $ 625,132 $ (22,936) -3.7% $ 5,365,976 $ 4,902,093 $ (463,883) -9.5% $ 4,479,448 $ (886,528) -19.8% Net Income $ 3,807,490 $ 3,522,350 $ 285, % $ 24,851,237 $ 24,003,172 $ 848, % $ 23,931,068 $ 920, % Total Operating Revenue has a positive budget variance of $1,312. GARAGE - $543 The variance is due to an increase in enplanement activity, partially the result of the entrance of Spirit Airlines, but also due to an increase in overall activity for vacation travelers. Through June, 3.9 million passengers were served which is an increase of 6.7% in enplanement activity compared to prior year. BLUE LOT - ($104) The variance is due to fewer occupied parking spaces compared to budget YTD (2,561 fewer tickets from June) and lower number of tickets collected than budget 12,330 vs 14,053 for the month of July. GREEN LOT - $160 The variance is due to higher number of tickets collected than budgeted 9,171 vs 8,147 for the month of July. VALET - $130 The variance is due to an increase in enplanement activity and an increase in revenue tickets collected compared to budget. RENTAL CARS - $247 The variance is due to audit adjustments of $150, increased commission of $90, and increased ground rent of $15 relating to the service facility and parking lot leases which were extended for Byers and Midwest. Rental car transactions are higher than prior year. TRANSPORTATION NETWORK COMPANIES - $118 The variance is the result of increased enplanements and passengers utilizing ride share options as a result of seasonal travelers and various Columbus festivals and events. There are some business travelers that are using TNCs instead of the parking lots. Total Operating Expenses have a negative budget variance of ($464). GARAGE - ($200) The variance is due to higher than anticipated costs for snow removal ($28), revenue control ($53), payroll wages, overtime, taxes and medical expenses ($115). We have received the insurance reimbursement check for the damages reflected in the previous years. RICKENBACKER - ($106) The variance is due to higher than planned costs for snow removal ($74), revenue control repairs and maintenance ($12) and higher labor costs ($25). Labor costs are higher due to an 8 month delay on equipment installation. Net Income has a positive variance of $920 compared to the previous year. VALET PARKING REVENUE - $572 The variance is due to revenue being reflected under a management agreement, rather than a concession agreement. GARAGE EXPENSES ($148) The variance is due to an insurance reimbursement for the parking garage. GROUND TRANSPORTATION EXPENSES ($250) The variance is due to higher snow removal expenses as well as advertising and marketing expenses. MANAGEMENT COMMENTS CURRENT YEAR BUDGET VARIANCE: PRIOR YEAR ACTUAL VARIANCE: VALET PARKING EXPENSES - ($233) The variance is due to expenses associated with operating under a management agreement in, rather than a concession agreement in. Financial Statements set forth are unaudited.

14 CRAA PARKING LOT STATISTICAL INFORMATION For the Period Ended July 31, CURRENT YEAR Average Length of Stay PRIOR YEAR Total Spaces Daily Rate Average Occupancy Garage Long-Term 2,975 $ % 1d 3h 1d 9h Garage Short-Term 274 $ % 1h 56m 2h 47m Blue Lot Covered 235 $ % 4d 8h 3d 15h Blue Lot Uncovered 3,127 $ % 5d 6h 5d 2h Green Lot 2,130 $ % 5d 3h 5d 1h Red Lot 2,686 $ % 4d 23h 5d 0h Rickenbacker 905 $ % 3d 6h 3d 3h Walking Lot 294 $ % 2d 9h N/A Valet Parking 625 $ % 2d 5h N/A Average Length of Stay VALET PARKING OPERATIONS YTD Revenue (Actual v. Budget) $1,351,298 $1,221,716 Actual Budget COMPOSITION OF PARKING REVENUE Current Year to Date Percentage *Blue Lot 18.1% Red Lot 14.4% Employee Lot 2.7% Rickenbacker 3.3% AVERAGE TICKET FEE Garage - Short Term 6.3% Green Lot 7.2% Walking Lot 1.6% Garage - Long Term 40.4% *Covered & Uncovered Blue Lots are combined. Valet Parking 6.0% Garage LT Garage ST Blue Lot* Green Lot Red Lot Rickenbacker Walking Lot B $29.77 $7.02 $42.94 $28.96 $36.63 $25.98 $33.00 $34.52 $6.97 $45.53 $30.48 $38.76 $22.16 $33.36 $32.43 $6.99 $43.70 $27.67 $38.75 $25.97 $- *Covered & Uncovered Blue Lots are combined. NUMBER OF REVENUE TICKETS COLLECTED Current Year to Date v. Prior Year to Date Current Month Actual v. Current Month Budget Garage LT 228, ,567 35,279 34,062 33, ,658 Garage ST 149,676 Blue Lot 25,720 98,830 25, ,935 Actual Green Lot 59,093 55,229 Budget Red Lot 89,954 14,053 12,330 13,419 13,499 88,867 33,003 Rickenbacker 26,915 9,171 8,147 6,108 Walking Lot 11,647 1,770 1,400 - Garage LT Garage ST Blue Lot Green Lot Red Lot Rickenbacker Walking Lot Total number of tickets collected: 664, ,189 Total number of tickets collected: 103,797 Financial Statements set forth are unaudited.

15 August

16 President & CEO Report August Passenger Air Service American Airlines will add a second daily flight to Los Angeles beginning Nov. 5. American s two daily flights, combined with one daily nonstop by Delta Air Lines, will provide the region with three daily flights to LAX. Some frequency adjustments are made during slower periods. Frontier announced new nonstop service from CMH to West Palm Beach, Florida, beginning Nov. 15 and will operate twice weekly on a seasonal basis. The West Palm Beach announcement marks the 13 th route announced for. A reminder that Southwest s new daily service to Houston-Hobby launches on Oct. 3. Air Cargo Service On the air cargo front at Rickenbacker, activity continues to be strong. We ve hosted numerous community and other stakeholders in recent weeks. The Columbus Chamber, Tucson Airport Authority, and the FAA are just a few of the many groups to tour and gain a better understanding of the global logistics activity in the region. We had our first animal exports from the newly completed livestock export facility on Aug. 17 with 64 5-year-old boars traveling to Spain on Cargolux. Feedback was very positive from the company exporting the animals, which was especially meaningful given it was their first time using LCK. These animals traveled from South Dakota with a quarantine stop in northern Indiana before coming to LCK for final health checks, rest and embarkation. 1

17 Concessions The Second Quarter Concessions Report is provided in your binder. Gross revenues from concessions (advertising, services, retail, food and beverage) through the second quarter are up 6.2%, while net revenue is up 10.2%. Likewise, you will also find in your binder the Second Quarter Rental Car Report. Gross and net revenues through the second quarter are each up 1.6%. Rental car transaction days are up 7.1% and CFCs are up 2.5% Community Collaboration We met with Congressman Jim Jordan on Aug. 13 and we provided a tour of Rickenbacker to Congressman Tim Ryan on Aug

18 July

19 JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT Monthly Activity Report July 8/28/ PASSENGERS Total Passengers - Monthly Total Passengers - Year to Date Airline Actual Percent Actual Percent Air Canada Express 8,195 7, % 43,720 38,967 4, % American 168, ,515 1, % 1,088,380 1,072,106 16, % Delta 162, ,927 9, % 998, ,159 54, % Frontier 14,123 26,587-12, % 102, ,881-66, % OneJet ,559-1,559 - Southwest 262, ,224 11, % 1,700,344 1,619,415 80, % Spirit 33,914-33, , ,073 - United 93,192 85,047 8, % 542, ,092 22, % AIRLINES TOTALS 742, ,726 53, % 4,664,106 4,364, , % CHARTER TOTALS 3,059 3, % 25,890 26,917-1, % AIRPORT TOTALS 745, ,417 52, % 4,689,996 4,391, , % CARGO Total Cargo (Freight and Mail) - Monthly Total Cargo (Freight and Mail) - Year-To-Date Airline Actual Percent Actual Percent Air Canada Express American 150, ,344-47, % 1,215,027 1,178,872 36, % Delta 134, ,292 7, % 935,927 1,080, , % Southwest 392, ,251-76, % 2,691,575 3,830,709-1,139, % United 73,329 73, % 348, ,194-26, % AIRLINES TOTALS 750, , , % 5,191,098 6,464,948-1,273, % CARGO AIRLINES TOTALS 19,943 1,099 18, % 151, ,965 6, % AIRPORT TOTALS 770, ,899-98, % 5,342,535 6,609,913-1,267, % AIRCRAFT OPERATIONS Actual Operations - Monthly Actual Operations - Year to Date Airline Actual Percent Actual Percent Air Canada Express % % American 1,265 1, % 8,538 8, % Delta % 6,135 6, % Frontier % % OneJet Southwest 1,080 1, % 7,163 7, % Spirit United % 4,507 4, % AIRLINES TOTALS 4,241 4, % 28,301 27, % CHARTER TOTALS % % CARGO AIRLINES TOTALS % % AIRPORT TOTALS 4,324 4, % 29,010 28, % Notes: OneJet service operated November 1, through May 11, Spirit service began February 15, 2

20 JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT Monthly by Passengers July Spirit 4.5% Southwest 35.2% United 12.5% American 22.6% Other (Charters/OneJet) 0.4% Air Canada 1.1% Frontier 1.9% Delta 21.8% Notes: Figures may not add up to 100% due to rounding Year to Date by Passengers Spirit 4.0% Southwest 36.3% United 11.6% Other (Charters/OneJet) 0.6% Air Canada Express 0.9% American 23.2% Notes: Figures may not add up to 100% due to rounding Total Passengers 800, , , , , , , ,000 Frontier 2.2% Delta 21.3% 400,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Growth , , , , , , , , , , , ,589 6,355, % , , , , , , , , , , , ,146 6,796, % , , , , , , , , , , , ,963 7,324, % 521, , , , , , , , , , , ,794 7,576, % 530, , , , , , ,829 4,689, vs % 7.9% 9.2% 6.3% 6.4% 7.6% 7.6% YE Peak Month YE Lowest Month Prepared by the Business Development Division, Columbus Regional Airport Authority

21 JOHN GLENN COLUMBUS INTERNATIONAL AIRPORT July Estimated Load Factor* 100.0% 80.0% 71.9% 83.8% 85.8% 89.0% 81.9% 79.8% 91.4% 60.0% 40.0% 20.0% 0.0% Air Canada American Delta Frontier Southwest Spirit United *Values based on estimating the amount of inbound seats reported on airline landing reports 90.0 Historic Load Factor Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: US Department of Transportation T-100 Data Survey supplemented with CRAA reports Given lag with DOT data, values based on estimating the amount of inbound seats reported on airline landing reports Prepared by the Business Development Division, Columbus Regional Airport Authority 4

22 RICKENBACKER INTERNATIONAL AIRPORT Monthly Activity Report July 8/28/ PASSENGERS Total Passengers - Monthly Total Passengers - Year to Date Airline Actual Percent Actual Percent Allegiant Air 39,787 37,730 2, % 204, ,284 33, % Miami Air % Sun Country Other Charters % AIRPORT TOTALS 39,787 37,730 2, % 205, ,000 32, % CARGO Total Cargo (Freight and Mail) - Monthly Total Cargo (Freight and Mail) - Year-To-Date Airline Actual Percent Actual Percent AirBridgeCargo 394, ,134-4,686,093-4,686,093 - Cargolux 4,591,840 3,829, , % 26,324,063 22,004,227 4,319, % Cathay Pacific 2,575,299 2,907, , % 15,055,262 16,645,511-1,590, % China Airlines 2,089,456-2,089,456-3,358,109-3,358,109 - Emirates 2,906,164 3,225, , % 20,549,226 13,872,949 6,676, % Etihad 2,657,232 2,232, , % 16,929,563 9,126,736 7,802, % FedEx 7,006,404 6,405, , % 49,605,715 47,528,460 2,077, % UPS 2,346,910 2,318,446 28, % 16,631,765 16,715,346-83, % TOTAL DOMESTIC SCHEDULED 9,353,314 8,723, , % 66,237,480 64,243,806 1,993, % TOTAL INT'L SCHEDULED 15,214,125 12,195,548 3,018, % 86,902,316 61,649,423 25,252, % TOTAL SCHEDULED CARGO 24,567,439 20,919,422 3,648, % 153,139, ,893,229 27,246, % TOTAL DOMESTIC CARGO CHARTERS 216, , , % 1,044,654 4,501,828-3,457, % TOTAL INT'L CARGO CHARTERS 214, , , % 4,498,813 1,053,782 3,445, % TOTAL CARGO CHARTERS 431,585 1,570,979-1,139, % 5,543,467 5,555,610-12, % TOTAL DOMESTIC 9,569,986 9,485,380 84, % 67,282,134 68,745,634-1,463, % TOTAL INTERNATIONAL 15,429,038 13,005,021 2,424, % 91,401,129 62,703,205 28,697, % AIRPORT TOTALS 24,999,024 22,490,401 2,508, % 158,683, ,448,839 27,234, % AIRCRAFT OPERATIONS Actual Operations - Monthly Actual Operations - Year to Date Airline Actual Percent Actual Percent Allegiant Air % % Miami Air % Sun Country Other Charters % PASSENGER OPERATIONS TOTALS % % AirBridgeCargo Cargolux % % Cathay Pacific % % China Airlines Emirates % % Etihad % % FedEx % % UPS % % TOTAL SCHEDULED CARGO % 1,752 1, % TOTAL DOMESTIC CARGO CHARTERS % % TOTAL INT'L CARGO CHARTERS % % CARGO OPERATIONS TOTALS % 2,160 2, % AIRPORT TOTALS % 2,907 2, % Notes: FedEx's June contracted cargo activity with Mountain Air Cargo is estimated. 5

23 Monthly Cargo by Weights RICKENBACKER INTERNATIONAL AIRPORT July FedEx 28.0% UPS 9.4% Charters - Domestic 0.9% Charters - International 0.9% AirBridgeCargo 1.6% Etihad 10.6% Emirates 11.6% Cathay Pacific 10.3% Cargolux 18.4% 38% China Airlines 8.4% Note: Figures may not add up to 100% due to rounding Year to Date Cargo by Weights FedEx 31.3% UPS 10.5% Charters - Domestic 0.7% Domestic Charters - International 2.8% AirBridgeCargo 3.0% 62% International Cargolux 16.6% Etihad 10.7% Emirates 12.9% Cathay Pacific 9.5% 42% 58% Note: Figures may not add up to 100% due to rounding 48,000 42,000 36,000 30,000 24,000 18,000 12,000 6,000 - Total Passengers China Airlines 2.1% Domestic International Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Growth ,176 6,531 8,570 7,407 6,082 9,098 9,420 9,367 3,554 7,024 8,480 9,863 91, % ,791 8,809 14,238 13,100 12,496 18,504 20,857 18,318 11,836 11,020 12,411 13, ,251 82% ,255 12,295 18,272 16,694 17,299 24,102 26,785 18,435 15,228 14,754 12,957 14, ,269 22% 11,471 13,520 26,754 23,746 24,373 35,406 37,730 23,019 14,754 23,714 14,247 17, ,624 31% 11,319 18,300 34,545 31,660 30,036 39,542 39, , vs % 35.4% 29.1% 33.3% 23.2% 11.7% 5.5% Prepared by the Business Development Division, Columbus Regional Airport Authority 6

24 COMBINED AIRPORTS TRAFFIC REPORT Monthly Activity Report July PASSENGERS Total Passengers - Monthly Total Passengers - Year to Date Airport Actual Percent Actual Percent John Glenn International 745, ,417 52, % 4,689,996 4,391, , % Rickenbacker International 39,787 37,730 2, % 205, ,000 32, % AIRPORT TOTALS 785, ,147 54, % 4,895,185 4,564, , % CARGO Total Cargo (Freight and Mail) - Monthly Total Cargo (Freight and Mail) - Year-To-Date Airport Actual Percent Actual Percent John Glenn International 770, ,899-98, % 5,342,535 6,609,913-1,267, % Rickenbacker International 24,999,024 22,490,401 2,508, % 158,683, ,448,839 27,234, % AIRPORT TOTALS 25,769,771 23,359,300 2,410, % 164,025, ,058,752 25,967, % AIRCRAFT OPERATIONS Actual Operations - Monthly Actual Operations - Year to Date Airport Actual Percent Actual Percent John Glenn International 4,324 4, % 29,010 28, % Rickenbacker International % 2,907 2, % AIRPORT TOTALS 4,748 4, % 31,917 30, % 7

25 Columbus Regional Airport Authority Rental Car Report 2nd Quarter Respectfully Submitted David Whitaker, CM Chief Commercial Officer Business Development David Saleme, A.A.E. Sr. Manager, Concessions & Revenue Development Business Development

26 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, Rental Car Brands Listed by Parent Company YTD Market Share Avis Budget Group 28.91% Avis Rent A Car Budget Rent A Car Dollar 4.76% Thrifty 5.61% Enterprise 19.18% Dollar Thrifty Auto Group 10.37% Dollar Rent A Car Thrifty Car Rental Budget 11.27% Hertz 20.62% Enterprise Rent A Car 19.18% Hertz Car Rental 20.62% Midwest Car Corporation 20.92% National Car Rental Alamo Rent A Car Avis 17.64% Alamo 3.40% National 17.52% Page 1

27 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, Gross Revenue YTD Comparison YTD vs % $42,232,414 $41,547,346 $43,159, % $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 $40,000,000 $45,000,000 $50,000,000 $10,500,000 $9,000,000 $7,500,000 $6,000,000 $4,500,000 $3,000,000 $1,500,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Page 2

28 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, Net Revenue YTD Comparison YTD vs % $4,223,241 $4,154,735 $4,315, % $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Page 3

29 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, Total Gross Receipts Per Transaction Day YTD Comparison 2016 YTD vs % 1.7% 2016 $1,399,177 $1,376,155 $1,422,741 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Page 4

30 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, Customer Facility Charge Current CFC Balanace: $60,525, YTD Comparison 2016 YTD vs % 2.5% 2016 $4,309,698 $4,893,337 $4,774,474 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Monthly Revenues Page 5

31 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, YTD Gross Revenue Per Brand Avis % 4.6% Enterprise % 9.8% $7,448,132 $8,102,035 $7,119,343 $7,381,161 $6,750,000 $7,000,000 $7,250,000 $7,500,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 Budget % -10.9% Hertz % 2.6% $4,759,583 $8,706,928 $5,341,068 $8,486,803 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 Dollar % -25.2% National % -0.6% $2,009,550 $7,400,703 $2,685,210 $7,445,390 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $4,000,000 $4,750,000 $5,500,000 $6,250,000 $7,000,000 $7,750,000 Thrifty % 31.5% Alamo % 11.6% $2,369,122 $1,436,360 $1,801,042 $1,287,329 $1,300,000 $1,800,000 $2,300,000 $2,800,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 YTD Passenger Enplanements A B C Total +/- Difference 36,861 23,444 66, ,042 +/- % 5.4% 3.1% 16.8% 6.9% Note: Charter enplanements are combined with C Concourse totals. Page 6

32 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, YTD Net Revenue Per Brand Avis % 4.6% Enterprise % 9.8% $744,813 $810,204 $711,934 $738,116 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 Budget % -10.9% Hertz % 2.6% $475,958 $870,693 $534,107 $848,680 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $700,000 $750,000 $800,000 $850,000 $900,000 Dollar % -25.2% National % -0.6% $200,955 $740,070 $268,521 $744,539 $100,000 $150,000 $200,000 $250,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 Thrifty % 31.5% Alamo % 11.6% $236,912 $143,636 $180,104 $128,733 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $75,000 $95,000 $115,000 $135,000 $155,000 YTD Passenger Enplanements A B C Total +/- Difference 36,861 23,444 66, ,042 +/- % 5.4% 3.1% 16.8% 6.9% Note: Charter enplanements are combined with C Concourse totals. Page 7

33 Columbus Regional Airport Authority John Glenn International Rental Car Report As of June 30, Rental Transaction Days YTD Comparison 2016 YTD vs % 7.1% 826, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,000 80,000 60,000 40,000 20,000 0 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Total Vehicle Rental Days Per Month Page 8

34 Columbus Regional Airport Authority Concessions Report 2nd Quarter Respectfully Submitted David Whitaker, CM Chief Commercial Officer Business Development David Saleme, A.A.E. Sr. Manager, Concessions & Revenue Development Business Development

35 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, Current Tenant Listing A Concourse B Concourse C Concourse Pre-Security Food & Beverage Charley's Vending Auntie Anne's American Craft Tavern Burger King Chili's Bob Evan's Express Charley's Vending Charley's Philly Steaks Donatos Charley's Vending Donatos Max & Erma's Jeni's Eddie George's Grill 27 Pepsi Pepsi Pepsi Jeni's PGA TOUR Grill Starbucks- Baggage Claim Starbucks Land Grant Starbucks Starbucks- Food Court Vino Volo Pepsi Starbucks Wolfgang Puck Express Retail Best Buy Best Buy Best Buy Brighton Collectables CNBC Shop TravelMart CNBC Shop Brooks Brothers Paradies Kiosk Columbus Marketplace Columbus Marketplace PGA Tour Shop The Scoreboard Short North Marketplace Services Airport Mailers Airport Mailers Airport Mailers Chase ATM FuelRod FuelRod FuelRod Currency Exchange Huntington ATM Huntington ATM Huntington ATM Fifth Third ATM Ohio Lottery Massage Bar Ohio Lottery Huntington ATM Ohio Lottery Ohio Lottery Shoe Shine Smarte Carte Ready Credit Advertising Clear Channel RBX Media Starbucks and Buckeye Hall of Fame- C Concourse closed January 16. Temporary kiosk opened near C49/C50 January 17. Starbucks- C Concourse re-opened April 9. Donatos- C Concourse opened May 8. Temporary kiosk closed May 8. PGA TOUR Grill opened May 24. Page 1

36 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, Gross Revenue YTD Comparison Pre TMP, $13,363,360 vs % change 6.2% 2016 $16,272,686 $17,861,041 $18,964,573 $3,000,000 $5,000,000 $7,000,000 $9,000,000 $11,000,000 $13,000,000 $15,000,000 $17,000,000 $19,000,000 $21,000,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $0 Includes total sales of all concessions: food & beverage, retail, services, advertising. Page 2

37 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, Net Revenue YTD Comparison Pre TMP, $2,071,435 vs % change 10.2% 2016 $2,341,545 $2,620,721 $2,886,808 $0.00 $500, $1,000, $1,500, $2,000, $2,500, $3,000, $3,500, $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $0 Includes total sales of all concessions: food & beverage, retail, services, advertising. Page 3

38 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, Gross Revenue Per Enplaned Passenger YTD Comparison Pre TMP, $8.69 vs % change -0.7% 2016 $9.20 $9.61 $9.67 $8.00 $8.20 $8.40 $8.60 $8.80 $9.00 $9.20 $9.40 $9.60 $9.80 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $0.00 Identifies the average gross revenue per enplaned (outbound) passenger at CMH. This isolates the variable of passenger levels across time. Page 4

39 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, Net Revenue Per Enplaned Passenger YTD Comparison Pre TMP, $1.35 vs % change 3.1% 2016 $1.32 $1.42 $1.46 $1.25 $1.30 $1.35 $1.40 $1.45 $1.50 $1.80 $1.60 $1.40 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC $0.00 Identifies the average revenue to the Authority per enplaned (outbound) passenger at CMH. This isolates the variable of passengers levels across time. Page 5

40 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, YTD Gross Revenue by Type YTD Gross Revenue by Location Food & Beverage % 5.9% Concourse A % 3.1% $12,530,402 $5,162,686 $11,833,199 $5,008,102 $10,000,000 $10,750,000 $11,500,000 $12,250,000 $13,000,000 $4,500,000 $4,750,000 $5,000,000 $5,250,000 Retail % 7.5% Concourse B % 5.1% $5,195,900 $6,306,075 $4,832,002 $6,000,943 $4,200,000 $4,450,000 $4,700,000 $4,950,000 $5,200,000 $5,450,000 $5,400,000 $5,600,000 $5,800,000 $6,000,000 $6,200,000 $6,400,000 Services % 4.7% Concourse C % 12.4% $606,735 $3,001,854 $579,757 $2,717,453 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $2,200,000 $2,450,000 $2,700,000 $2,950,000 $3,200,000 Advertising % 2.5% Pre Security % 6.6% $631,536 $3,001,854 $616,083 $2,817,199 $550,000 $575,000 $600,000 $625,000 $650,000 YTD Passenger Enplanements A B C Total +/- Difference 36,861 23,444 66, ,042 +/- % 5.4% 3.1% 16.8% 6.9% $2,700,000 $2,775,000 $2,850,000 $2,925,000 $3,000,000 $3,075,000 Other % 8.6% $1,427,886 $1,314,881 $1,000,000 $1,100,000 $1,200,000 $1,300,000 $1,400,000 $1,500,000 "Other" reflects the revenue of tenants with units in each concourse/location: Airport Mailers, Best Buy, Clear Channel, Fuel Rod, Huntington ATMs, Ohio Lottery, Pepsi, RBX Media, Smarte Carte, Vending Page 6

41 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, Food & Beverage YTD Net Revenue by Type YTD Net Revenue by Location % 13.0% Concourse A % 4.7% $1,550,008 $685,231 $1,371,999 $654,279 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $500,000 $550,000 $600,000 $650,000 $700,000 Retail % 7.8% Concourse B % 8.0% $890,655 $843,090 $826,536 $780,399 $780,000 $800,000 $820,000 $840,000 $860,000 $880,000 $900,000 $700,000 $730,000 $760,000 $790,000 $820,000 $850,000 $880,000 Services % -7.3% Concourse C % 16.7% $126,697 $450,921 $136,731 $386,296 $20,000 $45,000 $70,000 $95,000 $120,000 $145,000 $300,000 $375,000 $450,000 $525,000 Advertising % 11.5% Pre Security % 13.5% $318,331 $437,967 $285,455 $385,886 $250,000 $270,000 $290,000 $310,000 $330,000 YTD Passenger Enplanements A B C Total +/- Difference 36,861 23,444 66, ,042 +/- % 5.4% 3.1% 16.8% 6.9% $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 Other % 9.0% $451,203 $413,861 $300,000 $350,000 $400,000 $450,000 $500,000 "Other" reflects the revenue of tenants with units in each concourse/location: Airport Mailers, Best Buy, Clear Channel, Fuel Rod, Huntington ATMs, Ohio Lottery, Pepsi, RBX Media, Smarte Carte, Vending Page 7

42 Columbus Regional Airport Authority John Glenn International Concessions Report As of June 30, 12.0% % of DBE Revenue 10.0% 8.0% 9.6% 9.3% 9.1% 9.1% 10.7% 11.0% 6.0% 4.0% 2.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Vendor JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC *Charley's $35,121 $32,404 $35,098 $34,355 $34,163 $37,733 $0 $0 $0 $0 $0 $0 Currency Exchange $8,420 $6,824 $13,187 $8,340 $15,617 $16,171 $0 $0 $0 $0 $0 $0 Donatos - A $58,894 $57,435 $91,767 $76,419 $77,700 $87,124 $0 $0 $0 $0 $0 $0 *Donatos - C $57,278 $84,204 $0 $0 $0 $0 $0 $0 *Eddie George's Grill $25,623 $29,750 $35,443 $33,760 $36,046 $37,479 $0 $0 $0 $0 $0 $0 Massage Bar $18,021 $19,984 $23,173 $21,780 $22,907 $22,253 $0 $0 $0 $0 $0 $0 Ohio Lottery $41,922 $37,019 $40,410 $38,976 $46,527 $39,377 $0 $0 $0 $0 $0 $0 Paradies $48,048 $51,074 $67,753 $61,950 $68,821 $72,257 $0 $0 $0 $0 $0 $0 *Vending $8,097 $8,577 $9,903 $9,391 $10,092 $10,952 $0 $0 $0 $0 $0 $0 DBE Total $244,145 $243,066 $316,734 $284,971 $369,152 $407,549 $0 $0 $0 $0 $0 $0 Total Gross Revenue $2,549,158 $2,620,198 $3,467,097 $3,146,390 $3,465,910 $3,715,820 % of DBE Revenue 9.6% 9.3% 9.1% 9.1% 10.7% 11.0% *Host DBE Total $68,841 $70,731 $80,445 $77,506 $137,580 $170,368 $0 $0 $0 $0 $0 $0 Host Grand Total $1,497,394 $1,542,011 $2,002,887 $1,839,714 $2,015,258 $2,157,456 $0 $0 $0 $0 $0 $0 % of DBE Revenue 4.6% 4.6% 4.0% 4.2% 6.8% 7.9% Page 8