ACSA Budget 2003

Airports Company South Africa Limited

Presentation 8 May 2002

• Introduction

• Shareholding

• History of Performance

• Capital Expenditure

• Budget for 2002/2003

• Income Statement

Shareholding

75%1%20%

4%DOTStaffAdRBEE

Airports Company South AfricaSummary of Performance

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1996 1997 1998 1999 2000 2001 2002

Turnover Operating Profit Profit after tax

Airports Company South AfricaRetail analysis

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1996 1997 1998 1999 2000 2001 2002

Core retail Car parking Car hire Advertising

Airports Company South AfricaCapital Expenditure

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1996 1997 1998 1999 2000 2001 2002

Airports Company South AfricaDependency on Aeronautical

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1996 1997 1998 1999 2000 2001 2002

% of Turnover

Airports Company South AfricaPassenger volumes

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1996 1997 1998 1999 2000 2001 2002

Domestic Regional International Unscheduled

Airports Company South AfricaATM volumes

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1996 1997 1998 1999 2000 2001 2002

Domestic Regional International Unscheduled

Airports Company South AfricaMajor projects 2001/2

• International Arrivals at CIA

• Terminal at DIA

• Public viewing deck at JIA

• New Domestic terminal at JIA

• Pilanesburg airport – runway and terminal building

• Runways and taxiways

ACSAIncome statement

2001 2002 2003 % %Revenue R'000 R'000 R'000 01/02 02/03

Aeronautical 654,031 730,838 816,768 12% 12%Retail 338,215 388,285 452,228 15% 16%Property 80,391 100,964 120,440 26% 19%Other 68,482 76,055 90,572 11% 19%

1,141,119 1,296,142 1,480,008 14% 14%Profit on sale of Assets 8,351 9,394 9,292 Profit on sale of NATCOS 128,559 Total Revenue 1,149,470 1,305,536 1,617,859 14% 24%

Expenses 486,646 534,419 620,181 10% 16%Personnel Costs 204,331 229,672 257,911 12% 12%Insurance 10,028 8,397 15,843 -16% 89%Outsourced Services - 3,628 10,871 100% 200%Rates & Taxes 17,117 28,576 35,378 67% 24%Other Expenses 255,170 264,146 300,178 4% 14%

EBITDA 662,824 771,117 997,678 16% 29%

ACSA Income StatementACSA Income Statement

Airports Company South AfricaCapital expenditure to 2006/7

0100200300400500600700800900

'2002/3 '2003/4 '2004/5 '2005/6 '2006/7

JIA CIA DIA Nationals Corporate Total

Airports Company South AfricaWhat lies ahead?

• Major projects approved by Board– Completion of Domestic Terminal at JIA

including 8 new loading bridges– Completion of new International Departures

Terminal at CTIA – Improvement to Domestic Departures

Terminal at CTIA– Terminal Building at Port Elizabeth

Airports Company South AfricaIn conclusion

• Reduced dependency on aeronautical income• Productivity gains• Investment in staff via training• R2.7 billion on capex over 5 years• Employment equity • BEE spend• Visible infrastructure improvements