Page 6
Fixed Income Quarterly—Infrastructure
Table 2: Airport Authority Comp Sheet
OPERATING FIGURES
Toronto
Vancouver
Montreal
Edmonton
Ottawa
2012 2011
2012 2011
2012 2011
2012 2011
2012 2011
Passenger Statistics (in thousands)
Domestic Transborder International
Total Passengers
Aircraft Movements (in thousands)
Air Cargo Volume (in thousand tonnes)1
13,646 9,465 11,801 34,912
434.0 NA
13,079 8,979 11,378 33,435
428.8 NA
9,171 4,284 4,142
17,597
296.4 227.9
8,875 4,165 3,992
17,033
296.9 223.9
5,334 3,231 5,245
13,810
243.4 185.0
5,226 3,203 5,240
13,669
253.3 189.3
5,110 1,174 393 6,676
142.0 36.3
4,814 1,085 378 6,277
136.9 35.7
3,454 3,429 775 750 457 445 4,686 4,625
90.7 90.9 NA NA
FINANCIAL FIGURES ($millions) Revenues
Aeronautical Fees
Airport Improvement Fees Concessions & Car Parking Other
Total Revenues Expenses
Ground Rent
Goods, Services, & Other
Salaries and Benefits
Payment in lieu of Municipal Taxes
Total Operating Expenses EBITDA
Amortization
Interest Expense
Net Income (Surplus/(Deficiency)
Cash Flow from Operations b/f Working Capital Capex
Free Cash Flow
Cash
Capital Assets Total Debt
Less Debt Reserve Fund Net Debt
547.4 304.3 214.5 71.5 1,137.6
130.5 214.4 119.9 27.6 492.4 645.2 217.0 414.0 14.3
660.6 95.8 564.7
201.1 5,325.7 7,104.7 528.2 6,577
563.9 299.3 199.8 73.1 1,136.0
131.0 216.0 111.0 27.6 485.6 650.4 210.2 457.3 (17.1)
656.7 94.5 562.2
475.3 5,441.2 7,710.5 593.4 7,117
120.3 121.6 107.1 89.7 102.6 96.1 73.6 61.8 403.6 369.3
39.1 34.8 74.1 74.1 44.0 41.9 22.6 19.7 179.8 170.5 223.7 198.7 108.0 108.1 31.5 31.6 84.2 59.0
186.6 160.0 106.0 59.9 80.7 100.1
142.2 66.6 1,590.6 1,589.9 547.6 547.4
NA NA 548 547
159.1 142.0 102.5 31.9
435.5
44.2 96.7 65.1 40.2
246.2 189.3 97.9 85.7 5.6
177.5 188.9 (11.4)
156.8 1,628.2 1,606.2 49.2 1,557
152.0 141.9 101.9 31.2
427.0
43.4 104.8 56.7 40.3
245.1 181.9 87.0 89.5 5.4
174.2 96.1 78.1
125.8 1,531.9 1,510.6 48.7 1,462
39.5 37.3 71.1 54.0 48.0 43.3 11.8 9.7
170.4 144.3
13.9 11.3 46.5 38.6 26.8 23.0 NA NA
87.2 72.9 83.2 71.4 55.3 34.5 38.2 22.5 (10.3) 14.3
44.0 43.6 151.7 243.0
(107.6)
(199.4)
76.0 97.2 1,006.7 926.3 961.6 857.7
32.2 21.4 929 836
35.5 35.1 39.4 37.7 22.6 21.9 8.4 8.3
105.8
103.1
7.6 7.3 27.4 26.3 18.6 17.9 5.0 4.8 58.6 56.4 47.3 46.7 22.3 22.2 19.7 18.8 5.3 5.7
26.7 26.3 24.4 27.1 2.3 (0.8)
0.0 0.0
388.9
348.4 10.7 10.6 339 338
391.0 349.3
Operating Statistics
Debt per Enplaned Passenger
Net Debt per Enplaned Passenger
Total Revenue per Enplaned Passenger Aeronautical Fees per Enplaned Passenger Concession & Parking per Enplaned Passenger Total Expenses per Enplaned Passenger Operating Expenses per Enplaned Passenger Debt to Total Revenues
EBITDA Margin
Interest Coverage (x)*
Cash Flow/Total Debt (%)
$407 $461 $377 $426 $65 $68 $31 $34 $12 $12 $64 $69 $28 $29
624.5%
56.7% 57.3%
1.6 1.4 9.3% 8.5%
678.7%
$62 $64 $62 $64 $46 $43 $14 $14 $12 $11 $36 $36 $20 $20
135.7% 55.4%
148.2% 53.8%
7.1 6.3
34.1%
29.2%
$233 $221 $225 $214 $63 $62 $23 $22 $15 $15 $62 $62 $36 $36
368.9%
43.5% 42.6%
2.2 2.0 11.1% 11.5%
353.8%
$288 $273 $278 $266 $51 $46 $12 $12 $14 $14 $54 $41 $26 $23
564.4%
48.8% 49.5%
2.2 3.2 4.6% 5.1%
594.4%
$149 $151 $144 $146 $45 $45 $15 $15 $10 $9 $43 $42 $25 $24
330.0%
44.7% 45.3%
2.4 2.5 7.6% 7.6%
338.1%
1 The EAA figure includes only EIA cargo volume *Includes capitalized interest.
As at December 31, 2012
Source: Company Reports