Auckland International Airport Ltd
NZX:AIA

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Auckland International Airport Ltd Logo
Auckland International Airport Ltd
NZX:AIA
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Price: 8.06 NZD 1.9% Market Closed
Market Cap: 13.7B NZD

Auckland International Airport Ltd
Investor Relations

Auckland International Airport Ltd stands as New Zealand's gateway to the world, bustling with activity and connecting millions of people each year. Nestled on the country’s North Island, it serves as the main international hub, channeling travelers and goods between the southern hemisphere and global destinations across Asia, the Pacific, and beyond. The airport's operations stretch across two key segments: aeronautical and non-aeronautical. The aeronautical segment earns its revenue primarily through the charges imposed on airlines for landing and parking of aircraft, passenger services, safety, and security infrastructure. It's a fine balance of logistical excellence and regulatory compliance, ensuring planes land and take off seamlessly while passengers experience a smooth travel journey.

Beyond its core aviation services, Auckland International Airport Ltd has wisely diversified its income streams, capitalizing on its strategic location and constant flow of travelers. The non-aeronautical segment taps into retail and commercial partnerships, offering concessions within the terminal, car parking services, and a range of land use options, including hotels and cargo logistics. This strategy not only stabilizes revenue in the face of fluctuating flight numbers but also enriches the travel experience with a vibrant shopping and hospitality ecosystem. In essence, while airplanes provide the framework, it’s the careful orchestration of these multifaceted services that propels Auckland Airport's profitability, ensuring it remains a crucial, dynamic hub in the global travel network.

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Last Earnings Call
Fiscal Period
Q4 2023
Call Date
Aug 23, 2023
AI Summary
Q4 2023

Strong Recovery: Auckland Airport posted a sharp rebound in passenger numbers and key financials, driven by the return of international travel and reopening of borders.

Revenue Surge: Revenue rose 108% to $625.9 million, with strong growth across aeronautical, retail, and property segments.

Dividend Restored: The company declared its first dividend since 2019, paying $0.04 per share, representing 73% of second-half underlying profit.

Major CapEx Increase: Capital expenditure jumped 156% to $647 million, reflecting record investment in infrastructure projects.

FY24 Guidance: Underlying profit after tax is forecast between $260 million and $280 million, with CapEx expected at $1 billion to $1.4 billion.

Retail/Property Growth: Retail revenue soared 477% and property income climbed 27%, with nearly all retail stores reopened and strong leasing activity.

Operational Headwinds: Cost inflation and higher OpEx were noted, but cost growth is expected to moderate to 10–15% in FY24.

Airline Incentives: COVID-related landing charge discounts will transition to growth incentives, maintaining about $10 million in annual discounts.

Key Financials
Revenue
$625.9 million
Operating EBITDAFI
$397 million
EBITDAFI Margin
63%
Net Profit After Tax
$43.2 million
Underlying Profit After Tax
$148.1 million
Underlying Profit Per Share
$0.1006
Earnings Per Share
$0.0293
Dividend Per Share
$0.04
Dividend Payout Ratio
73% of second half underlying profit
Capital Expenditure
$647 million
Passenger Movements
15.9 million
International Passenger Growth
up 480%
Domestic Passenger Growth
up 90%
Retail Revenue
$130.9 million
Parking Income
$57.7 million
Investment Property Rental Income
$142.9 million
Earnings Call Recording
Other Earnings Calls
2023
2022

Management

Ms. Carrie Hurihanganui
Chief Executive
No Bio Available
Mr. Stewart Leslie Reynolds
Chief Financial Officer
No Bio Available
Ms. Chloe Surridge
Chief Operations Officer
No Bio Available
Mr. Mark Thomson B.Com.
Chief Commercial Officer
No Bio Available
Mr. Scott Tasker B.Sc.
Chief Customer Officer
No Bio Available
Ms. Mary-Elizabeth Tuck B.Com., L.L.B.
Chief Strategic Planning Officer
No Bio Available
Ms. Libby Middlebrook
Head of Corporate Affairs
No Bio Available
Ms. Melanie Dooney
Chief Corporate Services Officer
No Bio Available
Mr. Darren Evans M.Sc.
Chief Safety & Risk Officer
No Bio Available
Mr. Richard Wilkinson
Chief Digital Officer of Pou Apiha Matahiko
No Bio Available

Contacts

Address
AUCKLAND
P O Box 73020
Contacts