City of Prince George : 2010 Annual Report
Overview Overv ew Chairman s Report 2010 Industry Overview 2010 PGAA s Passenger Activity Telling the PGAA Story in 2010 Hurdles to Cargo/Tech stop Growth 2010 Accomplishments 2010 Financials Q&A
Chairman s Report 2010 Annual Report an's Report Going completely green with the 2010 annual report Posted on the PGAA website: 1830h May 18 2010 Renewal of Board Members Ron Epp: City of PG Tom Newell: Government of Canada Andy Clough: Government of Canada Al Leier: Prince George Airport Authority New 2011 nominee: Chamber of Commerce
Industry Activity Passenger traffic 2010: In North America increased 7.4% In Canada increased 4.2% Global Air Cargo Traffic increased 8.9% Asia Pacific traffic up 14.3% CAD has moved to $1.00 US
as Passenger Activity 2010: 390,340 Passengers 2009: 376,030 Passengers 3.8% increase in Passengers Air Canada and WestJet continue to operate 9 flights per day to Vancouver connecting PG to the World
Telling the PGAA Story Sales and Marketing Events: Routes World (Cargo & Passenger carriers) Chinese logistics companies in PG Canadian Trade Mission to China (Logistics) Northern BC Trade Mission (Expo) Cargo Carrier Meetings Feedback: Fuel prices and government fees Passenger Carrier Meetings Calgary, Las Vegas, Sunspots
Telling ng the PGAA Story Partners Presentations: City of Prince George Regional District of Fraser Ft. George Initiatives PG Northern Development Initiatives Trust Chamber of Commerce Community Presentations 2 Rotary Executive MBA UNBC Yellowhead Mayors Conference
Telling the PGAA Story Other Stakeholders: Transport Canada (National & Regional) Air Policy, Safety, and Security Department of Foreign Affairs Open Skies, Marketing Awareness Federal Transport Minister Federal Minister of Public Safety Federal Minister of the Asia Pacific Gateway Premier of British Columbia Provincial Transport Minister Provincial Minister of Finance Nav Canada
Hurdles to Grow the Cargo/Tech Stop Business Common Fuel Storage/Fuel Pricing Cross dock Facility Ground Support Equipment Expanded Cargo Apron Nav Canada Fees CBSA Coverage and Cost Cargo Open Skies/Tech Stop Designation Awareness
2010 Accomplishments Cargo Tech stop Agreement with Sands Bulk Sales on a common fuel storage (complete 2011) Agreement with Western Star Ventures on a cargo facility (complete 2011) Allied Aviation acquired main deck loader, Ground Power and Air start units PGAA accepted into the Asia Pacific Gateway marketing program
2010 O Accomplishments ment 4 Year Agreement with PSAC Implemented New Phase 2 Safety Management System Live Emergency Response Exercise
2010 Accomplishments Capital/Finance Capital improvements: $1,374,000 Expand the Emergency Response Vehicle Bay Water Sampling Station Improved Nav Aids (RVR basic infrastructure) 2 Replacement Vehicles Renegotiated our NDIT loan agreement: 5% fixed interest rate to floating (~2% better) Deferred start of repayment of interest (Nov 2012) and principle (Nov 2015) Strong Financial Performance in 2010
2010 Financial Performance
Statement of Operations 2010 2009 Revenue $ 4,882,031 $ 4,595,040 Expenses 4,791,895 4,946,492 Operating surplus (deficiency) 90,136 (351,452) Other revenue 1,683,249 1,021,223 Excess of revenue over expenses $ 1,773,385 $ 669,771
Financial Position p 2010 2009 Current assets $ 2,348,324 $ 1,491,029 Capital assets 54,197,138 55,271,077 Total $ 56,545,462 $ 56,762,106
Financial Position Cont d 2010 2009 Current liabilities $ 6,801,082 $ 8,186,198 Long-term debt 11,973,994 11,507,455 Deferred contributions 28,119,674 29,191,126 Net assets 9,650,712 7,877,327 Total $ 56,545,462 $ 56,762,106
If I I Can C n Leave You With w th One 0 Thought Here Today! A mile of road takes you a mile! A mile of runway gives you the world!
4141 Airport Road-10 Prince George, British Columbia Canada V2N 4M6 Telephone: 250-963-2400 Facsimile: 250-963-3462 Email: info@pgairport.ca THANK YOU