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FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2012
Oct 8, 2012
64916_rns_2012-10-08_6e7908c1-bde7-4589-9851-f02fb9c6c755.pdf
Capital/Financing Update
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Hastings Funds Level 27, 35 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, New York, Sydney ABN 97 063 935 553
ASX Announcement
Australian Infrastructure Fund (AIX)
Total pages: 2
9 October 2012
AIX achieves passenger growth of 5.9 percent for the month of August
AIX today reported total passenger growth of 5.9 percent for its airport portfolio for the month ended 31 August 2012 compared to the previous corresponding period (pcp) when weighted by AIX’s proportional interest. Of this, total domestic passengers across AIX’s portfolio increased 7.2 percent on the pcp, while total international passengers increased 3.3 percent on the pcp.
All of AIX’s Australian airport groups, which represent 91.2 percent of the portfolio by value, recorded an increase in domestic passenger numbers for the month of August compared to the pcp. Perth Airport continued to be the highlight, achieving domestic passenger growth of 13.7 percent for the month, supported by the continuing strength of the resources sector. Also of note was the domestic passenger growth of 9.8 percent at Gold Coast Airport, which was in part due to the recent return of capacity by Tiger Airlines following their grounding last year.
With the exception of Darwin Airport, each of the international terminals at AIX’s Australian airports performed well. Gold Coast Airport was the strongest performer, with growth in international passengers of 13.6 percent on the pcp, largely due to higher load factors following the launch of Scoot Airlines in June this year. International passengers through Perth Airport grew 7.1 percent for the month compared to the pcp, driven by continued competition between low cost carriers flying to South East Asian destinations, particularly Bali. Sydney Airport, which forms part of AIX’s HTAC investment, achieved strong growth of 7.0 percent through its international terminal. This is attributed in part to an increase in inbound passengers from Asian destinations, as well as Australian passengers travelling to the USA, Middle East and South-East Asia as the Australian dollar remains strong.
The decline in passengers through the international terminal at Darwin Airport was largely due to a reduction in services offered by Jetstar, including the suspension of services into Ho Chi Minh City. However, this was largely off-set by growth in domestic passengers at Darwin Airport, following the introduction of further Virgin Australia services to Australian capital cities.
In Europe, AIX’s German airports reported moderate consolidated passenger growth of 2.4 percent for the month compared to the pcp. Strong international passenger growth at Hamburg Airport of 8.5 percent reflected the increased services by Emirates and new connections by Turkish Airways and Air France, which was partially offset by a decline in domestic performance following the restructure of Air Berlin and Lufthansa, labour strikes and the grounding of three smaller airlines. Athens Airport recorded a total passenger decline of 10.5 percent for the month as it continues to be affected by the wider economic conditions in Greece.
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.
The table below highlights the year on year passenger growth for the month of August:
| August 2012 passenger growth | August 2012 passenger growth | (%) | |
|---|---|---|---|
| AIX Airport | Domestic | International | Total |
| Perth Airport | 13.7 | 7.1 | 11.9 |
| Australia Pacific Airports Corporation1 | 6.9 | 4.9 | 6.4 |
| Queensland Airports Limited2 | 6.8 | 13.6 | 7.6 |
| NT Airports3 | 2.7 | (8.6) | (0.1) |
| Sydney Airport4 | 4.9 | 7.0 | 5.7 |
| Athens Airport | (10.4) | (10.6) | (10.5) |
| Dusseldorf Airport5 | 5.2 | 1.5 | 2.1 |
| HamburgAirport5 | (6.1) | 8.5 | 3.0 |
| Total weighted by AIX interest | 7.2 | 3.3 | 5.9 |
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
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
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Jefferson Petch Company Secretary Australian Infrastructure Fund
1Total includes international transits (not shown separately) as reported by Melbourne Airport.
2Total includes transits (not shown separately) at Gold Coast Airport.
3Total includes transits (not shown separately) at Darwin International Airport.
5International includes transits as reported by ADV German statistics.
4Total includes domestic-on-carriage (not shown separately) as reported by MAP Airports.