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FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2010
Oct 3, 2010
64916_rns_2010-10-03_8b8bee4b-41fc-4c40-9ad5-f865791040e1.pdf
Capital/Financing Update
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Hastings Funds Management Limited ABN 27 058 693 388 AFSL No. 238309 Australian Infrastructure Fund Limited ABN 97 063 935 553
Total pages: 2
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Level 16, 90 Collins Street Melbourne VIC 3000 Australia T +61 3 8650 3600 F +61 3 8650 3701 www.hfm.com.au Melbourne, London, San Antonio, Sydney
ASX Announcement
Australian Infrastructure Fund (AIX)
4 October 2010
AIX reports strong monthly passenger growth
Australian Infrastructure Fund (AIX) today reported continuing growth at its airports with a 7.6% increase in AIX-weighted passenger numbers across its airport portfolio during August 2010, compared with the same period last year.
Passenger growth remained strong, with international traffic at AIX’s Australian airports particularly pleasing. The Australian airports comprise over 80 percent of AIX’s portfolio by value, and recorded AIX-weighted domestic passenger growth of 8.9 percent and international passenger growth of 12.6 percent. These growth rates compare favourably with the long-term average passenger growth rate of 5.6 percent per annum across Australian airports between 1986 and 2010.[1]
The table below highlights the year on year monthly comparisons for August:
| Growth (%) | |||
|---|---|---|---|
| AIX Airport | Domestic | International | Total |
| Perth Airport | 8.0 | 12.2 | 9.1 |
| Australia Pacific Airports Corporation2 | 10.2 | 14.6 | 11.0 |
| Queensland Airports Limited3 | 9.1 | 15.4 | 8.6 |
| NT Airports4 | 6.4 | 11.2 | 5.9 |
| Sydney Airport5 | 8.2 | 6.3 | 7.6 |
| Athens Airport | (17.7) | (6.8) | (10.6) |
| Dusseldorf Airport6 | 7.1 | 12.5 | 11.5 |
| HamburgAirport6 | 12.9 | 7.4 | 9.5 |
| Total weighted by AIX interest | 7.8 | 8.2 | 7.6 |
AIX Chief Executive Officer, Jeff Pollock, said, “Another month of strong passenger growth demonstrates that AIX’s Australian airports continue to benefit from the positive economic conditions in the Asia-Pacific region, as well as ongoing expansion by low cost carriers and the strength of the local currency. Further upside to earnings and asset valuations is expected to be driven by continued passenger growth and developments planned in our Australian airports.”
1 Source: Bureau of Infrastructure, Transport and Regional Economics
2 Total includes international transits (not shown separately) as reported by Melbourne Airport.
3 Total includes transits (not shown separately) at Gold Coast Airport.
4 Total includes transits (not shown separately) at Darwin International Airport.
5 Total includes domestic-on-carriage (not shown separately) as reported by MAP Airports.
6 International includes transits as reported by ADV German statistics.
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“In Europe, passenger numbers at Athens Airport continue to be impacted by austerity measures in Greece; however, it is pleasing to see that Dusseldorf and Hamburg airports delivered strong passenger growth for the month.”
For further enquiries, please contact:
Jeff Pollock Chief Executive Officer Australian Infrastructure Fund Tel: +61 3 8650 3600 Fax: +61 3 8650 3701 Email: [email protected] Website: www.hfm.com.au/aix
Simon Ondaatje Head of Investor Relations Hastings Funds Management Tel: +61 3 8650 3600 Fax: +61 3 8650 3701 Email: [email protected] Website: www.hfm.com.au/aix
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Jane Frawley
Company Secretary Australian Infrastructure Fund
Unless otherwise stated, the information contained in this document is for informational purposes only. It does not constitute an offer of securities and should not be relied upon as financial advice. The information has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person or entity. Before making an investment decision you should consider, with or without the assistance of a financial adviser, whether any investments are appropriate in light of your particular investment needs, objectives and financial circumstances. Neither Hastings, nor any of its related parties including Westpac Banking Corporation ABN 33 007 457 141, guarantees the repayment of capital or performance of any of the entities referred to in this document and past performance is no guarantee of future performance. Hastings, as the Manager or Trustee of various funds, is entitled to receive management and performance fees.