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FUTURE GENERATION AUSTRALIA LIMITED — Capital/Financing Update 2012
Jul 12, 2012
64916_rns_2012-07-12_895d48d8-5ec1-475d-a621-17bbc4604ac9.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, San Antonio, Sydney ABN 97 063 935 553
ASX Announcement
Australian Infrastructure Fund (AIX)
13 July 2012
Overall passenger growth in May 2012
AIX today reported overall passenger number growth of 1.3 percent for its airports for the month ended 31 May 2012 in comparison to the previous corresponding period (pcp). Of this, total domestic passenger numbers grew by 2.7 percent, while total international passenger numbers declined by 1.4 percent. With the Easter school holidays occurring early this year in April, May has been a relatively quieter month for international travel.
Perth Airport was the highlight, reporting total passenger growth of 9.4 percent over the pcp. Of this, domestic passengers increased 12.4 percent on the pcp, as Perth Airport continues to benefit from the strength of the mining and resources sector. Total passengers for Melbourne Airport (APAC) grew 0.5 percent on the pcp, with international passenger numbers up 1.8 percent, driven by the airport’s strategy of attracting Asian travellers. Total passenger growth at Queensland Airports Limited (QAL) was 0.2 percent on the pcp. While domestic passenger numbers increased by 1.1 percent on the pcp, international passengers for QAL were adversely affected by the timing of school holidays this year, with temporary adjustments to capacity having been made in anticipation of the quieter month.
Dusseldorf Airport reported passenger growth of 1.0 percent for the period, while Hamburg Airport reported negative growth of 0.8 percent. The growth in international passengers, of 2.8 percent and 4.2 percent respectively, offset the decline in the domestic terminals. While this was in part due to one-off events that positively affected patronage in the pcp, it was also due to a reduction in domestic capacity by Lufthansa and Air Berlin, as well as the grounding of Cirrus Airlines, which serviced domestic routes from Hamburg Airport. Athens Airport’s negative international and domestic passenger numbers for the period continue to reflect the country’s economic conditions.
The table below highlights the year on year comparison for the month ended 31 May 2012:
| Passenger growth (%) | |||
|---|---|---|---|
| AIX Airport | Domestic | International | Total |
| Perth Airport | 12.4 | 1.0 | 9.4 |
| Australia Pacific Airports Corporation1 | 0.2 | 1.8 | 0.5 |
| Queensland Airports Limited2 | 1.1 | (7.2) | 0.2 |
| NT Airports3 | 0.0 | (0.5) | (4.8) |
| Sydney Airport4 | (0.6) | 2.0 | 0.3 |
| Athens Airport | (11.7) | (17.9) | (15.8) |
| Dusseldorf Airport5 | (5.2) | 2.8 | 1.0 |
| Hamburg Airport5 | (7.5) | 4.2 | (0.8) |
| Total weighted by AIX interest | 2.7 | (1.4) | 1.3 |
1 Total includes international transits (not shown separately) as reported by Melbourne Airport.
2 Total includes transits (not shown separately) at Gold Coast Airport.
3 Total includes transits (not shown separately) at Darwin International Airport.
4 Total includes domestic-on-carriage (not shown separately) as reported by Sydney Airport.
5 International includes transits as reported by ADV German statistics.
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/asxlisted/funds/aif
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/asxlisted/funds/aif
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Jefferson Petch
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.