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FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2011
Feb 14, 2011
64916_rns_2011-02-14_07b369df-0888-45fd-8832-36921de200fd.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
ASX Announcement
Australian Infrastructure Fund (AIX)
15 February 2011
Update: Strong passenger growth continues across AIX airport portfolio
Australian Infrastructure Fund (AIX) today reported strong passenger growth across its airport portfolio for the half year period ended 31 December 2010.
For the half year to 31 December 2010, the airport portfolio delivered strong AIX-weighted passenger growth of 8.1 percent. This was largely driven by the Australian airports which surged 9.5 percent above pcp.
The updated result, which follows AIX’s 25 January 2011 announcement on the performance of its Australian airports during the quarter and YTD, includes passenger data for its European airports, which comprise 12.5 percent of the AIX portfolio by value.
AIX Chief Executive Officer, Jeff Pollock, said: “Although the economic situation in Greece continues to be challenging, we are pleased that our German airports have performed strongly for the half year.”
Growth in passenger numbers for the quarter and half year ended 31 December 2010 were as follows:
| Growth on pcp (%) December 2010 Quarter |
Growth on pcp (%) December 2010 YTD |
|
|---|---|---|
| Perth Airport | 9.7 | 9.5 |
| APAC | 9.8 | 10.8 |
| Queensland Airports Limited | 10.2 | 9.9 |
| NT Airports | 4.5 | 6.0 |
| SydneyAirport | 4.5 | 6.3 |
| HTAC – Athens Airport | (9.2) | (9.1) |
| HTAC – Dusseldorf Airport | 8.9 | 9.0 |
| HTAC – HamburgAirport | 7.0 | 8.3 |
| AIX weightedgrowth | 8.0 | 8.1 |
Detailed passenger growth statistics 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.
AIX half yearly results reporting
AIX will report half year results at 10.00am (AEDT) on Tuesday 22 February 2011. Interested people may dial-in to the results presentation by calling 1800 354 715 and quoting the conference ID: 427 79573. A webcast of the presentation will be available at www.hfm.com.au/aix
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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Nick Burrell Company Secretary Australian Infrastructure Fund
AIX Airport Statistics December 2010
Perth Airport - Airstralia Development Group (ADG-WA)
| Passengers (000's) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| - Domestic | 2,102 | 1,894 | 11.0 | 4,120 | 3,771 | 9.3 |
| - International | 841 | 788 | 6.7 | 1,647 | 1,495 | 10.2 |
| Total Passengers | 2,943 | 2,682 | 9.7 | 5,766 | 5,265 | 9.5 |
Melbourne and Launceston Airports - Australia Pacific Airports Corporation (APAC)
| Passengers (000's) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| Melbourne Airport | ||||||
| - Domestic | 5,748 | 5,268 | 9.1 | 11,355 | 10,300 | 10.2 |
| - International | 1.619 | 1,441 | 12.4 | 3,134 | 2,752 | 13.9 |
| Launceston Airport | ||||||
| - Domestic | 311 | 286 | 8.7 | 579 | 552 | 4.9 |
| Total Passengers | 7,716 | 7,028 | 9.8 | 15,136 | 13,665 | 10.8 |
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) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| Gold Coast Airport | ||||||
| - Domestic | 1,240 | 1,095 | 13.3 | 2,449 | 2,172 | 12.8 |
| - International | 208 | 197 | 5.6 | 410 | 377 | 8.7 |
| Townsville & Mount Isa Airports | ||||||
| - Domestic & International | 486 | 449 | 8.2 | 994 | 921 | 7.9 |
| Total Passengers | 1,936 | 1,757 | 10.2 | 3,882 | 3,531 | 9.9 |
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) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| - Domestic | 559 | 542 | 3.1 | 1,256 | 1,196 | 5.0 |
| - International | 82 | 74 | 10.9 | 170 | 150 | 13.6 |
| Total Passengers | 713 | 682 | 4.5 | 1,551 | 1,464 | 6.0 |
Note: Total includes transits (not shown) for Darwin International Airport.
Sydney Airport - HOCHTIEF AirPort Capital (HTAC)
| Passengers (000's) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| - Domestic | 6,409 | 6,080 | 5.4 | 12,578 | 11,768 | 6.9 |
| - International | 3,014 | 2,931 | 2.8 | 5,874 | 5,589 | 5.1 |
| Total Passengers | 9,443 | 9,039 | 4.5 | 18,495 | 17,402 | 6.3 |
Note: Total Passengers comprises Domestic and International, as well as Domestic-On-Carriage (not shown) for Sydney Airport.
Athens Airport - HOCHTIEF AirPort Capital (HTAC)
| (000's) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| Passengers | ||||||
| - Domestic | 1,161 | 1,435 | (19.1) | 2,792 | 3,356 | (16.8) |
| - International | 2,116 | 2,174 | (2.7) | 5,407 | 5,664 | (4.5) |
| Total Passengers | 3,277 | 3,619 | (9.2) | 8,199 | 9,020 | (9.1) |
Düsseldorf Airport - HOCHTIEF AirPort Capital (HTAC)
| (000's) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| Passengers | ||||||
| - Domestic | 1,168 | 1,120 | 4.3 | 2,338 | 2,195 | 6.5 |
| - International | 3,538 | 3,201 | 10.5 | 8,216 | 7,487 | 9.7 |
| Total Passengers | 4,706 | 4,321 | 8.9 | 10,553 | 9,682 | 9.0 |
Note: International includes transits for Düsseldorf Airport.
Hamburg Airport - HOCHTIEF AirPort Capital (HTAC)
| (000's) | December quarter | December quarter | December quarter | December YTD | ||
|---|---|---|---|---|---|---|
| 2010 | 2009 | Growth % |
2010 | 2009 | Growth % |
|
| Passengers | ||||||
| - Domestic | 1,445 | 1,413 | 2.2 | 2,932 | 2,759 | 6.3 |
| - International | 1,837 | 1,654 | 11.1 | 4,100 | 3,731 | 9.9 |
| Total Passengers | 3,282 | 3,068 | 7.0 | 7,031 | 6,489 | 8.3 |
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.