The Aena Group is a Group of companies devoted to airport management and aerial navigation services. Aena Aeropuertos S.A. (of which Aena holds 100% of the capital) manages 46 airports and 2 heliports in Spain and participates directly and indirectly in the management of 24 additional airports across the world. It is the first airport operator worldwide by number of passengers, with more than 194 million passengers. The public entity Aena supplies aerial navigation services. Aena is the fourth supplier of aerial navigation services in Europe and participates importantly and actively in all projects of the European Union related with the implementation of the Single European Sky. (Headquarters: Arturo Soria 109 in Madrid) Contents of the chapter: Progressing towards the Future Aena Aeropuertos is the largest Airport operator of the world - The airport network of de Aena Aeropuertos S.A. Aena is the public supplier of aerial transit services Presence of Aena Aeropuertos outside Spain Branches of Aena The social, economic and strategic impact of the airports of the Spanish airports network: Relevant data Main investments of Aena and Aena Aeropuertos Summary: main key data
7 Progressing towards the future Aena works with the main objective of materializing the new airport management model, putting Aena Airports into value as a leading company in airport management, supplier of high quality services, efficient and with the capacity for its international projection. We are convinced that Aena Airports is more worth than the sum its different parts; for this reason, the Board of Directors of the Company decided in 2012 to strengthen all airports as a whole, with the purpose of assuring the general interest, the cohesion and the territorial structuring of our country, contributing to their international competitiveness. In this context, in the area of aerial navigation, the target has been to achieve that Aena is an efficient, competitive company, able to offer services of the highest quality and, of course, with the maximum safety. Key features of airports 2012 has been characterized by the rethinking of the new Aena Aeropuertos. Criteria: - Aena Aeropuertos is more worth than the sum of its parts. - We work to lay the groundwork allowing the process of entry private capital in the mod-term. The public entity Aena (EPE Aena) is the public supplier of aerial transport services in Spain. Its main target is offering the maximum safety, quality and efficiency in the development and operation of the Spanish aerial navigation system. Aena Aeropuertos S.A. is a state owned commercial Plc company, entrusted with the ordination, direction, coordination, operation, preservation, administration and management of the airports and heliports operated by Aena.
8 Aena Aeropuertos is the largest airport operator in the world Aena Aeropuertos is a state owned commercial Plc, as foreseen in Article 166.2 of Law 33/2003, of November, 3rd, on Patrimony of the Public Administration, operation under the name Aena Aeropuertos, S.A. The Company is governed by its Articles of Association, Law 33/2003, of November, 3rd, of November, 3rd, on Patrimony of the Public Administration; Law 47/2003, of November, 26th, on the Public Budget; Royal Decree 13/2010, of December, 3rd, on Actions areas of taxes, labour relationship and liberalization to enhance investment and job creation; Chapter VI of the Law on Aerial Safety, in the version given by the Law, adopting the Program of Operational Safety of the State, modified by Law 21/2001 and the provisions set forth on the legal regimes of Plcs and the general applicable laws. Aena Aeropuertos is entrusted with the following functions: To ordinate, direct, coordinate, operate, preserve, administer and manage the airports and heliports operated by Aena. To coordinate, operate, preserve, administer and manage the civil areas of the military bases and airports of conjoined use. To project, execute, direct and control the investments in airports. Aena Aeropuertos is a leading company thanks to its experience and professional team in management of airport services. We offer our customers and users an integral and efficient service of the highest quality to make their stay at our airports a pleasant experience. Aena Aeropuertos is a responsible company, aware that it has to play its role as economic motor of the areas of influence of the airports, with a permanent commitment with development and sustainability.
9 To assess and plan the new infrastructures and the aeronautical and acoustic rightsof-way. Development of the order and safety services. Training in all matters related with aerial transport. Its revenue comes from the fees and considerations derived from the activities carried out in compliance with its social object. More precisely: The royalties coming from the signed concession contracts. The income derived from its participation in other commercial companies. The product of borrowing operations. The current and capital transfers coming from the public administration, including the European Union. The rest of the products and rents derived from the goods and values in its patrimony. Aena Aeropuertos is entrusted with the ordination, direction, coordination, operation, preservation, administration and management of the airports and heliports operated by Aena In 2012, Aena airports received more than 194 million passengers.
10 The airport network of Aena Aena operates in Spain 46 airports and 2 heliports in total, distributed across the country s geography; they are classified depending by the number of handled passengers: New airports segmentation Airport typology Number of airports Number and heliports of passengers (*) Share on total (%) Individual airports: Madrid-Barajas, Barcelona-El Prat and Palma de Mallorca 3 103,001,889 53.0% Group I (>2,5 million passengers): Málaga-Costa del Sol, Alicante, Ibiza, Valencia, Sevilla, Bilbao, 8 45,598,054 23.5% Girona-Costa Brava and Menorca Group II (>0,5 million <2,5 million): Santiago, Reus, Asturias, Murcia-San Javier, Santander, Jerez, La 11 11,358,258 5.8% Coruña, Vigo, FGL Granada-Jaén, Almería and Zaragoza Group III (up to 0,5 million): Valladolid, Melilla, San Sebastián, Pamplona, León, Badajoz, Ceuta-Helipuerto, Salamanca, Burgos, Vitoria, Algeciras-Helipuerto, 18 1,425,748 0.7% Logroño, Córdoba, Albacete, Huesca-Pirineos, Madrid-Cuatro Vientos, Son Bonet and Sabadell Airports Canary Islands: Gran Canaria, Tenerife Sur, Lanzarote, Fuerteventura, Tenerife 8 32,846,750 16.9% Norte, La Palma, El Hierro and La Gomera Total 46 + 2 heliports 194,230,699 100.0% (*) Provisional data, as of June, 21st, 2013
11 A Coruña Santiago Vigo Asturias Bilbao San Sebastián Santander Vitoria Pamplona León Huesca-Pirineos Burgos Logroño-Agoncillo Valladolid Zaragoza Salamanca Reus Girona-Costa Brava Sabadell Barcelona-El Prat Badajoz Madrid-Barajas Madrid-Cuatro Vientos Albacete Palma de Mallorca Valencia Ibiza Son Bonet Menorca Alicante Sevilla Córdoba Federico García Lorca Granada-Jaén Murcia-San Javier La Palma La Gomera El Hierro Tenerife-Sur Tenerife Norte Lanzarote Gran Canaria Fuerteventura Jerez Algeciras Ceuta Málaga-Costa del Sol Almería Melilla Individual airports Canary Islands Group Group I Group II Group III In 2012, the network of airports of Aena Aeropuertos has registered more than 194.2 million passengers (-5.0% vs. 2011), more than 1.9 million flights were operated (-10.1%) and more than 651,000 tons were carried (-3.1%). It is highly important to highlight the growth of international passengers and operations during 2012 at different airports, like Barcelona-El Prat, Palma de Mallorca, Bilbao, Menorca, La Palma and Almería. Key features Aena Airports are modern and functional. They are equipped with state-of-the-art technologies, which are designed in order to facilitate the passenger s stay at the airport and have a wide offer of commercial and gastronomic services of the highest quality. Likewise, they have been conceived for everyone, with full accessibility and a good customer service for individuals with reduced mobility.
12 Aena is the public supplier of aerial transit services in Spain Navegación Aérea is entrusted with the operation and designof the Spanish aerial space and with the supply of aterial transit services, as foreseen by 9/2010, which regulates the supply of aerial transit services. This means that Aena is the entity supply to supply aerial transit services of area control and apprach control in Spain, as well as the services of flight information, alert and advise associated with the volumes of aerial soace in which these service are rendered. As supplier of services of aerial navigation, Aena is certified by the State Agency of Aerial Safety, a certifucate covering the services of aerial transit, of flow management, of aeronautical information, of communication, of navigation, of surveillance and of aerial terminal information (ATIS/DATIS). The total traffic handled in the Flight Information Region (FIR) reached more than 1.8 million movements. RELEVANT DATA: Navegación Aérea seeks the leadership in the organization of safe and high quality aerial navigation services, with efficiency and respect for the environment, in a global and competitive setting, and highly appreciated by its customers, achieving excellence as an organization and with a highly qualified, committed and satisfied staff.
13 The functions of Navegación Aérea are the following: > > Planning, management, coordination, operation, preservation and administration of the aerial traffic, telecommunication services and aeronautical information, as well as infrastructures, premises and communication networks of the aerial navigation system, with the aim that airplanes in the Spanish aerial space obtain the maximum safety, fluidity, efficacy and punctuality. > > The elaboration and approval of the different kinds of projects, as well as the execution and control of the investments. > > The evaluation of the needs on proposals for new infrastructures, as well as possible changes in the ordination of the aerial space. > > The participation in specific aeronautical training activities, subject to the concession of official licences. The Management of NA supplies the different services through five regional departments: Centre North, East, Canary Islands, South and Balearic Islands, the venues of which are located, respectively, in the control centres (ACC) of Madrid, Barcelona, Sevilla and Gran Canaria, and in the terminal area control centre (TACC) of Palma de Mallorca. From these strategic control centres, Aena assures the safety and permanent management of the aerial traffic. To provide Navegación Aérea services, Aena owns the following equipments and premises: > > 136 radio-aids offering in-route guidance support, 88 of them property of NA and 46 of AE. > > 50 radio-aids offering gudiance support in the airports, property of AE. Flight information region: Aerial Space in which Aena supplies the services of Aerial Navigation Aena supplies the aerial transit services from 5 control centres and 35 towers (including Lleida and Ciudad Real until May 2012).
14 > > 49 TMA in-route and Ground surveillance sustems, from which 6 are operated by the General Staff of the Spanish Airforce, 3 by Portugal and 3 by France. 30 are property of NA and 7 are property of AE. > > 18 communication centres. > > 83 REDAN nodes. RELEVANT DATA: Operative Support Departments: each control centre (ACC) has several operational support units: > > Flow Management Position (FMP) of aerial transit, directly coordinating with Eurocontrol in Brussels the aerial transit flow and the aspects related with traffic load and overload, as well as eventual anomalies. > > Operative Aerial Control (CAO), which depends from the Ministry of Public Works, for the civil-military coordination of the aerial traffic. > > Fixed Service Station, in charge of communicating the flight plans and the eventual incidences, both in its own area and the collaterals. The evolution of the traffic handled by Navegación Aérea in 2012 decreased -7.15% compared to 2011 of the total traffic handled in the Flight Information Region in Spain. NAVEGACIÓN AÉREA. CHANGES IN MOVEMENTS 2010-2012 FIR (Flight Information Regions) 2010 2011 2012 % 2012 / 2011 FIR Peninsula 1,766,748 1,830,000 1,698,653-7.05 % FIR Canary Islands 289,964 312,426 288,146-7.77 % Total FIR Spain 1,890,391 1,950,000 1,813,913-7.15 % Liberalization of the aerial transit services The Law 9/2010, of April, 14th, ruling the supply of aerial transit services, includes in the measures for opening the market to new suppliers certificates of aerial navigation services. The Management of Navegación Aérea is part of the process launched by Aena Aeropuertos for the change of suppliers of aerial transit services of 12 airports of the network of Aena. During 2012, after training the flight controllers of the new nominated suppliers, Navegación Aérea has abandoned these services in the airports of La Palma, Sabadell, Madrid-Cuatro Vientos and Vigo.
15 Presence of Aena Airports abroad 1 Since the Company launched its activity in 1998, Aena International handles airport infrastructures outside Spain. It is currently present in eight countries in Europe, America and Africa, a presence that consolidates Aena Airports as the largest airport operator worldwide. The activity of Aena International takes place through different management schemes, ranging from the property of the airports assets to terminal management contracts or services and airport concessions. Aena Aeropuertos is currently present in 24 airports outside Spain (12 in Mexico, 2 in Colombia, 2 in the United Kingdom, 1 in Sweden, 1 in Angola and 6 in the USA, from which 5 are management contracts). From these 24, nine are airports managed through the TBI Ltd. consortium, formed by Abertis (90%) and Aena (10%). In addition, Aena International supplies consultancy services to the Cuban Airport company. The world s aerial transport market has improved its figures in 2012 as compared with 2011. According to the IATA, passenger traffic grew by 5.3% in 2011. Passengers transport in the airports in which Aena International is present increased by 5.06% vs. 2011. This growth allowed reaching 51.3 million passengers in 2012 as compared to 48.8 million in 2011. Aena Internacional is present in 24 airports outside Spain. 1 Although it is not within the scope of this Report (please see Profile of this Report), the reference to Aena Internacional as instrumental company of Aena Aeropuertos is included given the importance of its activity and to show the presence of Aena outside Spain.
16 Maintaining the policy of costs contention and the strategies for commercial development applied to the airports has allowed exceeding the budgeted results. > > Presence of Aena in the world AIR NAVIGATION. EVOLUTION OF MOVEMENTS 2010-2012 COUNTRY AIRPORT REMARKS Mexico (12) Tijuana San José del Cabo Puerto Vallarta Los Mochis La Paz Hermosillo Guadalajara Aena Airports is the operating partner of all airports Bajío Aguascalientes Manzanillo Mexicali Morelia Colombia (2) Cartagena de Indias Cali Aena Airports is the operating partner of two United Kingdom (2) Belfast Internacional London-Luton Airports participated through TBI Sweden (1) Stockholm-Skavsta Airport participated through TBI Orlando-Sanford Atlanta Hartsfield-Jackson USA (6) Burbank Orlando Sandford is an airport participated through TBI Macon Downtown The rest of the airports are management and advisory contracts through TBI Middle Georgia Regional Raleigh-Durham Angola (1) Luanda Operation and safety advisory contract (with the company Enana) Cuba Advisory and training contract for Airport management (with the company Cuba-Ecasa)
17 Branches of Aena The Aena Group is a Group of companies devoted to a airport management and the supply of aerial navigation services. Through Aena Aeropuertos, S.A. (of which Aena owns 100% of the capital) the Company operates 46 airports and 2 heliports in Spain and directly and indirectly participates in the management o 23 additional airports across the world. It is the largest airport operator worldwide by number of passengers, with more than 200 million. Aena diversifies its activity through participation in the capital of different companies Through the public entity Aena supplies aerial navigation services. Aena is the fourth supplier of aerial navigation services in Europe and participates actively in all projects of the European Union related with the implementation of the Single European Sky AENA GROUP AIR NAVIGATION AENA AENA FOUNDATION INECO (46%) CRIDA (67%) EMGRISA (0.08%) SATELLITE NAVIGATION GROUP (19%) GROUPEAD (36%) AENA AIRPORTS AENA INTERNATIONAL AIRPORTS REGIONAL BARCELONA (12%)
18 Social, economic and strategic impact of the Spanish airports: relevant data Aerial transport is a strategic industry for Spain, given its economic importance (representing 7% of GDP) and its social contribution in terms of connectivity, accessibility, cohesion and territorial structuring. It is estimated that the airports of Aena, serviced by approx. 6,200 companies, generate 140,000 direct jobs and 440,000 total jobs, equivalent to 2% of the active workforce. Spain, the 3rd European country by volume of aerial traffic in airports, is also the 2nd destination of tourists in the world by revenues. Tourism represents 10.2% of the Spanish GDP. Of the 56.9 million foreign tourists (non-residents) travelling to Spain in 2011, 44.6 million (78.7%) used the airplane for transportation, according to the data of the Instituto de Estudios Turísticos (IET). Aena (Aena EPE/NA + Aena Aeropuertos) has an operative staff of 13,564 employees: Accident rate 2012: 7.54 accidents X 1,000 employees. A reduction of 31.5% 2012 vs. 2011. Absenteeism rate 2012: 4.56 hours/year. A reduction of 39% 2012 vs. 2011 Number of overtime hours (total 2012): 176,506 hours. A reduction of 34% At the end of 2011, the airports of Aena Aeropuertos registered the following changes: From a 2.8% growth in number of passengers in 2010 to 6.0% growth in 2010 (11.6 million more passengers) From a 2.3% decrease in number of flights in 2010 to 1.0% growth (20,600 more flights) From a 15.5% growth in cargo to a 3.0% growth (19,600 mire tons) Key features Aena Aeropuertos is the first airport operator worldwide EPE Aena is the 4th supplier of aerial navigation services in Spain Presence outside Spain in 26 airports: 50 million passengers In total, 73 airports + 2 heliports: more than 250 million passengers Of the 257.6 million passengers operated by Aena Aeropuertos in total, 53.1 million passengers were handled outside Spain by Aena Internacional.
19 Main investments of Aena The Aena Group (Aena Aeropuertos + EPE Aena) executed in 2012 investments of 938 million Euros in total, of which 815,196,139 correspond to Aena Aeropuertos and the rest to EPE Aena (Navegación Aérea + Corporate). Planned Investment 2013-2017 800 600 400 709.5 550.3 403.1 426.7 449.2 The launched program of rationalization of investments is oriented towards only making the necessary investments based on a real demand; reducing the cost of investments; progressively adapting the investment efforts to the demand; as well as making the available capacity profitable, optimizing it. 200 0-24.36% -22.4% -26.7% 5.9% 5.3% 2013 2014 2015 2016 2017 For this reason, the investments of the Aena Group planned for 2013 are 709,5 million, as compared with the 938,1 million of the previous year. For the coming years (2013-2017) and taking into account the available airport capacity, as well as the forecasted demand, a cumulated decrease of investments by 36.7% and an average inter-annual decrease of -14.1 % is planned. Source: Own elaboration. (Planning and Environmental Dept). Forecast contained in the PAP 2014-2017 Planned investment for 2013 Aena (NA + Corporate) 100,524,000 Aena Aeropuertos 609,021,000 Total Aena (NA + Corporate) + Aena Aeropuertos 709,545,000
20 Summary: key data Our staff (December, 31st, 2012) Total operative staff: 13,574 employees 8,894 employees, 65.52% of them assigned to Aena Aeropuertos 4,680 employees, 34.24% of them assigned to Navegación Aérea, of which 2,298 are flight controllers and 2,245 are subject to collective agreements 137 persons, 1%, assigned to Corporate (Aena E,P,E,) Economic Impact Spanish airports: 6,200 companies, 140,000 direct jobs and 440,000 total jobs (2% of the active workforce) 4 of 5 international tourists (78.7%) arrive in Spain or leave Spain via an airport (10.2% of GDP) Source: PSTA Avance 2009 Navegación Aérea, Movements 2012 FIR Spain FIR Peninsula FIR Canary Islands 1.813 million 1.698 million 0.288 million Investments Investments 2000-2010: 17,200 million 15,621 M in Airports 1,589.6 M in Navigation Investment 2012: 938,1 million 815.2 M in Airports 122.9 M in Navigation Investment 2013: 709,5 million 609.0 M in Airports 100.5 M in Navigation Aena Aeropuertos. Traffic 2012 in Spain (*) Passengers Flights Cargo 194.2 million 1.92 million 651,000 tons (*) Provisional data, June, 21st, 2013
21 INCOME AND EXPENSES (thousands of Euro) Indicator (thousands ) 2010 2011 EPE 2011 AASA 2011 AGGR 2012 EPE 2012 AASA AGGR 2012 Generated Economic value 2,982,989 1,267,283 1,451,537 3,245,495 967,041 2,601,315 3,318,407 Net turnover 2,951,089 1,070,975 1,444,360 3,212,972 953,597 2,589,497 3,307,460 Non-core and other accessory income 12,759 2,776 5,229 13,502 1,275 6,220 7,703 Financial income 19,141 4,759 (1) 1,948 19,021 (2) 296,009 5,598 3,244 Distributed economic value 2,331,562 1,122,637 901,795 2,518,333 1,104,056 1,773,367 2,295,666 Supplies 61,882 93,694 131,663 105,797 69,656 199,687 83,245 Personnel costs 971,663 581,360 217,855 960,304 561,143 372,120 937,484 Other operational expenses (3) 923,928 149,290 475,636 939,506 161,040 722,860 825,650 Financial costs for debt with third parties 391,974 217,250 52,111 397,279 307,144 319,106 342,758 Taxes (4) 80,366 79,261 24,530 113,665 3,366 159,594 104,822 AENA Foundation 1,749 1,782 0 1,782 1,707 0 1,707 Retained economic value 651,427 144,646 549,742 727,162 146,825 827,948 1,022,741 (1) In financial income of EPE, the income from mirror credits with AASA has been deducted from the figure shown in the P&L Account (2) It does not include the activation of financial costs, consistent with previous years (3) Eliminating taxes and losses and variations for provisions for commercial operations and the Foundation (4) Income tax and other taxes. It includes the tax on accrued profits and taxes
22 GRANTS RECEIVED (million Euros) Indicator (thousand ) 2010 2011 EPE 2011 AASA AGGERGATED 2011 2012 EPE 2012 AASA AGGREGATED 2012 Gross capital grants registered 71.40 (1) 64.9 (2) (2) 64.9-59.87 (3) 59.8 The Amount of FEDER grants received in 2009 was 22.8 M. This figure corresponds to the net amount of the grant, equivalent to 70% of the gross value. Therefore, the accrued gross amount corresponds to 32.5 M. During 2010, the capital grants registered by AENA totally correspond to capital grants by European official Organisms (FEDER grants). Total capital grants, net of taxes, pending of accrual in the results on 31.12.2010 amount to 643 million Euros. On May, 31st, 2011, the capital grants registered by AENA, 64.9 MILLION Euro, correspond totally to capital grants by European Official Organisms (FEDER). Total capital grants, net of taxes, pending of accrual in the results on 31.12.2010 of Aena EPE amount to 3.8 million Euros. From June, 1st, 2011 onwards, and with non-monetary contribution, all grants received during 2011 are transferred to Aena Aeropuertos SA. The total amount of capital grants, net of taxes, pending of accrual in the results on 31.12.2011 of Aena Aeropuertos SA amounts to 660 million Euro. During 2012, the capital grants registered by AENA correspond totally to capital grants by European Official Organisms (FEDER) awarded to AASA. As well, total capital grants, net of taxes, pending for accrual in the results on 31.12.2012 amount to 683.0 million Euros. ENVIRONMENTAL EXPENSES AND INVESTMENTS Indicator 2011 2012 EPE 2012 AASA AGGERGATED 2012 Environmental expenses (thousand Euro) 11,109 551 10,192 10,743 Environmental investments ( thousand Euro ) 27,633-56,635 56,754