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FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2011
May 2, 2011
64916_rns_2011-05-02_9d5ef6f3-a8c4-4ddf-87b8-70c0cd079866.pdf
Capital/Financing Update
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Hastings Funds Level 16, 90 Collins Street Management Limited Melbourne VIC 3000 Australia ABN 27 058 693 388 T +61 3 8650 3600 AFSL No. 238309 F +61 3 8650 3701 Australian Infrastructure www.hfm.com.au Fund Limited Melbourne, London, San Antonio, Sydney ABN 97 063 935 553
Total pages: 5
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ASX Announcement
Australian Infrastructure Fund (AIX)
3 May 2011
AIX airport portfolio demonstrates resilience
Australian Infrastructure Fund (AIX) today reported continued passenger growth for its Australian airport portfolio and overall resilience, despite the effects of rising oil prices and natural disasters both in Australia and overseas.
The Australian airports (comprising 83.5 percent of the AIX portfolio) experienced passenger growth of 0.8 percent for the month of March and 4.4 percent for the March quarter compared with prior corresponding periods.
AIX Chief Executive Officer, Jeff Pollock, said: “While some of our airports are continuing to experience the effects of recent natural disasters, which impact negatively on passenger numbers generally, our portfolio of Australian airport assets is well diversified to ensure that the sound international growth at Melbourne, along with the strong domestic growth at Perth Airport, offsets the challenges being faced elsewhere in the portfolio.”
“In Europe, Athens Airport continues to be affected by the wider Greek economic environment, while the German airports have performed strongly in the year to date, reflecting the stronger German economy,” Mr Pollock said.
Passenger numbers for the month, quarter and financial year to date (FYTD) ended 31 March 2011 were as follows:
| Growth on pcp (%) March 2011 |
Growth on pcp (%) March 2011 Quarter |
Growth on pcp (%) March 2011 FYTD |
|
|---|---|---|---|
| Perth Airport | 5.2 | 7.8 | 9.0 |
| APAC | 1.9 | 5.0 | 8.8 |
| Queensland Airports Limited | (3.5) | 2.3 | 6.9 |
| NT Airports | (2.1) | (0.3) | 4.1 |
| SydneyAirport | (0.1) | 1.5 | 4.7 |
| HTAC – Athens Airport | (16.1) | (15.8) | (10.8) |
| HTAC – Dusseldorf Airport | 4.1 | 7.2 | 8.5 |
| HTAC – HamburgAirport | (0.4) | 3.6 | 6.9 |
| AIX weightedgrowth | 0.0 | 3.4 | 5.8 |
Detailed passenger growth statistics for AIX’s airports are attached.
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.
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
AIX Airport Statistics March 2011
Perth Airport - Airstralia Development Group (ADG-WA)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March quarter | March YTD | March YTD | |
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| - Domestic | 711 | 661 | 7.7 | 1,981 | 1,823 | 8.7 | 6,101 | 5,594 | 9.1 |
| - International | 250 | 253 | (1.1) | 819 | 773 | 5.9 | 2,465 | 2,268 | 8.7 |
| Total Passengers | 962 | 914 | 5.2 | 2,800 | 2,596 | 7.8 | 8,566 | 7,862 | 9.0 |
Melbourne and Launceston Airports - Australia Pacific Airports Corporation (APAC)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March quarter | March YTD | March YTD | |
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| Melbourne Airport | |||||||||
| - Domestic | 1,864 | 1,838 | 1.4 | 5,326 | 5,162 | 3.2 | 16,681 | 15,463 | 7.9 |
| - International | 489 | 476 | 2.8 | 1,622 | 1,459 | 11.2 | 4,757 | 4,211 | 13.0 |
| Launceston Airport | |||||||||
| - Domestic | 106 | 100 | 6.6 | 316 | 299 | 5.7 | 894 | 852 | 4.9 |
| Total Passengers | 2,472 | 2,426 | 1.9 | 7,305 | 6,955 | 5.0 | 22,440 | 20,622 | 8.8 |
Note: Total Passengers comprises Domestic (including Domestic-on-Carriage) and International, as well as International Transits (not shown) for Melbourne Airport.
Queensland Airports - Queensland Airports Limited (QAL)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March YTD | March YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| Gold Coast Airport | |||||||||
| - Domestic | 369 | 391 | (5.7) | 1,185 | 1,141 | 3.8 | 3,634 | 3,313 | 9.7 |
| - International | 63 | 70 | (9.8) | 207 | 205 | 1.0 | 617 | 582 | 6.0 |
| Townsville & Mount Isa Airports | |||||||||
| - Domestic & International | 160 | 147 | 8.6 | 425 | 408 | 4.3 | 1,420 | 1,329 | 6.8 |
| Total Passengers | 592 | 613 | (3.5) | 1,817 | 1,776 | 2.3 | 5,673 | 5,308 | 6.9 |
Note: Total includes transits (not shown) for Gold Coast and Townsville Airports. An international service commenced at Townsville Airport during December 2010, however international passengers are not reported separately for Townsville due to commercial confidentiality.
Northern Territory Airports - Airport Development Group (ADG-NT)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March quarter | March YTD | March YTD | |
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| - Domestic | 172 | 180 | (4.9) | 483 | 493 | (2.0) | 1,742 | 1,690 | 3.1 |
| - International | 29 | 22 | 29.2 | 88 | 72 | 22.6 | 259 | 222 | 16.5 |
| Total Passengers | 220 | 225 | (2.1) | 628 | 630 | (0.3) | 2,180 | 2,094 | 4.1 |
Note: Total includes transits (not shown) for Darwin International Airport.
Sydney Airport - HOCHTIEF AirPort Capital (HTAC)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March quarter | March YTD | March YTD | |
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| - Domestic | 2,075 | 2,049 | 1.3 | 5,926 | 5,821 | 1.8 | 18,504 | 17,588 | 5.2 |
| - International | 891 | 916 | (2.7) | 2,934 | 2,892 | 1.5 | 8,808 | 8,482 | 3.8 |
| Total Passengers | 2,969 | 2,973 | (0.1) | 8,873 | 8,744 | 1.5 | 27,368 | 26,146 | 4.7 |
Note: Total Passengers comprises Domestic and International, as well as Domestic-On-Carriage (not shown) for Sydney Airport.
Athens Airport - HOCHTIEF AirPort Capital (HTAC)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March quarter | March YTD | March YTD | |
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| - Domestic | 351 | 448 | (21.5) | 982 | 1,315 | (25.4) | 3,773 | 4,672 | (19.2) |
| - International | 627 | 718 | (12.8) | 1,689 | 1,855 | (9.0) | 7,096 | 7,519 | (5.6) |
| Total Passengers | 978 | 1,166 | (16.1) | 2,670 | 3,170 | (15.8) | 10,869 | 12,191 | (10.8) |
Düsseldorf Airport - HOCHTIEF AirPort Capital (HTAC)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March quarter | March YTD | March YTD | |
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| - Domestic | 404 | 397 | 1.6 | 1,103 | 1,024 | 7.7 | 3,440 | 3,219 | 6.9 |
| - International | 1,131 | 1,077 | 5.0 | 2,911 | 2,719 | 7.0 | 11,126 | 10,207 | 9.0 |
| Total Passengers | 1,534 | 1,474 | 4.1 | 4,013 | 3,743 | 7.2 | 14,567 | 13,425 | 8.5 |
Note: International includes transits for Düsseldorf Airport.
Hamburg Airport - HOCHTIEF AirPort Capital (HTAC)
| Passengers (000's) | March Month | March Month | March Month | March quarter | March quarter | March quarter | March YTD | March YTD | |
|---|---|---|---|---|---|---|---|---|---|
| 2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
2011 | 2010 | Growth % |
|
| - Domestic | 491 | 514 | (4.5) | 1,318 | 1,312 | 0.5 | 4,249 | 4,070 | 4.4 |
| - International | 590 | 571 | 3.3 | 1,503 | 1,412 | 6.4 | 5,603 | 5,143 | 8.9 |
| Total Passengers | 1,082 | 1,086 | (0.4) | 2,821 | 2,724 | 3.6 | 9,852 | 9,213 | 6.9 |
Note: International includes transits for Hamburg Airport.
Note: In accordance with disclosure policies at some AIX assets, revenue and EBITDA information have not been provided. Passenger numbers have been calculated using the most accurate sources available, however any rates or totals manually calculated may differ from those shown due to rounding.