COCHIN INTERNATIONAL AIRPORT LTD (CIAL) - A PATH BREAKER IN INDIAN AVIATION HISTORY

Cochin International Airport Ltd – The History

Cochin’s commercial, cultural & tourist importance, its highest emigration rate, growing metro status and a

burning desire of the Non Resident Keralites for a direct international flight from their homeland and back

prompted the development of an international airport at Cochin.

Naval airport located near the city on Willington Island could not be developed to handle larger aircrafts due

to various constraints such as

It was a Defense airport & Restrictions for Night Operations

Runway inadequate for operation of larger aircrafts and Geographic Limitations for Airport Expansion

Unidirectional operation due to the presence of permanent obstacles

Formation of CIAL

1. Kochi International Airport Society2. Cochin Chamber of Commerce & Industry3. Ernakulam Chamber of Commerce4. Indian Chamber of Commerce & Industry5. Sri R Madhavan Nayar, Industrialist6. Sri C V Jacob, Industrialist7. Sri B Govinda Rao, Investor, Hospitality Sector

A Public Limited Company “Cochin International Airport Limited (CIAL) was Registered on 30th March 1994 with the following promoters

CIAL Capital Structure -1999

In return for the support extended by the Donors & Subscribers of the Interest Free Loan scheme of KIAS, CIAL issued to all donors, shares of CIAL for the amount donated to the company and also issued shares of CIAL for Rs.2500/- in the company for all subscribers of IFL Scheme without collecting any share application money

Financial Institutions who Offered Term Loan to CIAL for Airport Construction

Date Amount (Crs)

25.03.1995 HUDCO 98

19.12.1997 Federal Bank 24.69

26.12.1998 SBT 25

The Total Airport Project was proposed to complete in two phases and the revised estimated total cost of the project as on 31.03.1995 was Rs.289 Crores and the financing for the project is shown below

Equity Participation as on 31.03.1999 (Rs in Crores)

TOTALi. Government of Kerala and Public 32.45 Sector undertakingsii. Non-Resident Indians and Others 24.30 iii. Airport Service Providers 21.25 ----------- TOTAL 78.00 ----------

Interest free deposits:

i. M/s.Indian Oil Corporation ( 1995 ) 0.75 ii. M/s.Thomas Cook ( 1999 ) 0.50

iii M/s.Air India (1999 ) 11.00 iv. M/s.Alpha Retail – Duty Free Shop ( 2001 ) 10.00 v.

Retail outlets ( 1999 ) 2.75

----------- TOTAL 25.00 -----------11000 investors from 30 countries

• First Right Issue 2003-04 at Face Value raising Equity Capital to Rs.147.9 Crores

• Second Rights Issue 2006-07 at Face value raising Equity Capital to Rs.296 Crores

• On 16thSeptember 2004 the company had repaid entire loan with HUDCO along with interest, the repayment was not accepted by HUDCO demanding for 26% equity participation in the company at Face Value

• Final Settlement between Hudco and CIAL was reached by issuing 1 crore Equity shares at a face value Rs.10 Each on February 2012, which has enhanced the Equity share capital of the company to Rs.306 Crores

Additional Equity Infusions

Present capital structure

Name of the Shareholders %

Governor of Kerala 32.2421

Directors, relatives & associates 37.2044

BPCL 3.4307

AIR INDIA 3.2673

HUDCO 3.2673

KSIDC, Plantation, KTDFC, KAMCO 1.7644

Federal Bank Limited 1.9604

Indian Overseas Bank 0.3267

State Bank of Travancore 3.2673

Others 13.2693

TOTAL 100.0000

Governor of Kerala

Directors, relatives & associates

BPCL

AIR INDIA

HUDCO KSIDC, Planta-

tion, KTDFC, KAMC

O

Federal Bank

Limited

Indian Over-seas

Bank

State Bank of

Tra-van-core

Others

Share Holding Pattern

Cochin International Airport Ltd – The Land Acquisition Process

Initial Site Condition : 1994

•An extent 502.5882 Hectares of land was acquired from about 3850 landowners which included 849 householders

who were evicted and rehabilitated

•Land and houses were valued at market price and that value was given as compensation

•Six Cents of land (240 Sq M) were given free of cost to each family ,whose house were acquired as part of the

rehabilitation package

•Evictees were allowed to dismantle and take all reusable building materials from their acquired houses and a sum

of Rs.10000 was paid towards them for dismantling and related expenses

•Pre Paid Taxi service permits were provided to Land/House evictees as part of rehabilitation package.

•All Civic amenities like bituminous approach roads ,Street lighting, water supply, storm water drainage, Primary

Health Centre were provided in the rehabilitation colony

•CIAL’s unique Rehabilitation Model is a Case Study of World Bank

Cochin International Airport Ltd – The Land Acquisition & Rehabilitation Process

CIAL- Major Mile Stones

•Cochin International Airport Foundation Stone Laid on 21st August 1994 by Shri. K.Karunakaran,

Chief Minister of Kerala

•Inauguration of Cochin International Airport by His Excellency President of India Shri.

K.R.Narayanan on 25th May 1999

•First Commercial Flight operation – Air India’s International flight from Dhahran to Cochin &

back on 10th June 1999

•Declaration of Cochin Airport as International Airport Shri. Sharad Yadav, Civil Aviation Minister

(23rd May 2000)

•Foundation Stone laid for International Terminal Expansion on 10th February 2004

•Expanded International Arrival Terminal Inaugurated on 20th August 2005

•Parallel Taxi Track commissioned on 23rd December 2007

•Centre for Perishable Cargo Complex commissioned on 2nd February 2009

•Expanded International Departure Terminal Inauguration on 25th September 2009

•CIAL Golf & Country Club Inauguration on 2nd May 2010

•Inauguration of Trade fare Centre on 2012

Operational Features

Runway Length: 3400 m Runway Width: 45 m + Shoulder 7.5 m (on both sides) Runway Orientation: 27/09 Runway Strength: PCN 60 Parallel Taxiway: 3400 m Domestic Terminal:1.2 Lakh Square Feet & International Terminal:4.78 Lakh Square Feet Instrument Landing System Category I Approach Lighting System from Runway 27 Simple Approach System from Runway 09 CAT 9 Airport Rescue and Fire Fighting

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2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

13.2316.90 16.97

20.6327.71

34.6441.43

51.6155.06

60.47

Dividend Distributed to Share Holders (INR Cr)

2006 2007 2008 2009 2010 2011 2012 2013

109.3 110.9 137.3

173.1

211.6

246.2

276.0

306.5

Total Revenue INR Cr

2006 2007 2008 2009 2010 2011 2012 2013

30.4136.26

45.98

59.34

77.52

90.00

102.03111.00

Net Profit INR Cr

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2008 2009 2010 2011 2012 2013 2014

39168 41172 41544 41081 41141 41538

47216

ATM’s

2008 2009 2010 2011 2012 2013 2014

3.34 3.363.95

4.354.72 4.90

5.39

Total Passenger Traffic (Million)

2008 2009 2010 2011 2012 2013 2014

27068

34157

41391 4109144352

4790051732

Cargo Tonnage MT

CIAL- Historical Traffic

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Proposed New International Terminal

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Parameter Facility design

Terminal type Two level terminal with departure at first level and arrival at ground level

Design capacity 4,000 peak hour passenger movements per hour – 2,000 arrival and 2,000 departure movements

Terminal area 1,50,000 sqm Estimated time for construction

Around 36 months

Estimated construction cost

INR 875 crores

Check-in counters

56 check-in counters with provision for additional 56 check-in counters

Baggage carousels

6 baggage carousels

Boarding gates 15 in - contact gates + 4 remote gates

New international Terminal Building- Design parameters

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LANDSIDE DEPARTURE VIEW: +10.65

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DEPARTURE PIER VIEW: +10.65

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ARRIVAL PIER VIEW: +5.55

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ARRIVAL LOBBY VIEW : +0.15

KEYPLAN

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ARRIVALS BAGGAGE CLAIM AREA

Abode of festivals

CELEBRATING THE HOME COMING

Overall Ambience

Inspired from the famous

KERALA FESTIVAL

THE THRISSUR POORAM

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ARRIVAL BAGGAGE CLAIM AREA VIEW : +0.15

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ARRIVAL MEET & GREET AREA VIEW

CIAL’s Green Initiatives

• CIAL Golf & Country club• Solar Power• Alternate water source - Recycling

CSR Initiatives• Drinking water scheme for Neighboring panchayats

Diversification Initiatives

• MRO facility• Aviation Security Training Institute• Trade Fair Center• SHP(Hydel Power Generation)• Bidding in Airport Privatization-PPP of other Airports

Thank You