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3 Operational Highlights v 1,168,588 movements, 28 incidents of loss of minimum separation 99.98% systems availability
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1
2008/09 Update
Bryan Lau Young , Corporate Finance ManagerGrant Rawstorn, Regional Services Manager
Ashley Smout, Chief Executive Officer
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Operational Performance
3
Operational Highlights
v
1,168,588 movements, 28 incidents of loss of minimum separation
99.98% systems availability
4
Financial Summary - 2009 The Perfect Storm
IATA forecasting $11b (USD) loss in 2009
Revenue pressure – $119M ANS revenue (120M in 2007/08)
$4.5M NOPAT down 57% on prior year ($1.5b EVA Loss)
Airways Response
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Pricing Framework
4% Price Increase – first since 1998 SOE Act Monopoly- not regulated
Location Specific Pricing Customer Partnership Plan
Customer Rebate Annual Disclosure Ring fence domestic business
WACC (Long term post tax average – 7%)
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Major Projects
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Christchurch Tower
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Operational September 2009
$6m Airways Investment
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Low Visibility Operations - Auckland
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18 month project $4.5m Airways
Investment From Zero
movements to 16-20 /hour movements in low vis.
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Vision 2015 – Collaborative Arrivals Manager (CAM)
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Auckland – Cost of Airborne Delays
Wellington - Cost of Airborne Delays
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Vision 2015 – Performance Based Navigation (PBN)
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Enhanced Safety Fuel Savings Noise
Concentration
11
Key Issues
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Aging Assets at unattended aerodromes
Strategic Relationship / Communication
Service Levels
12
vQuestions