MACQUARIE AIRPORTS
EBITDA increases 12.8% over PCP
MAp - Half year and 2nd Quarter 2008 Results for Brussels Airport, Ms Kerrie Mather, CEO
Fri, 1 Aug 2008 11:30AM
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Ms Kerrie Mather
Fri, 1 Aug 2008
11:30AM Australia/NSW
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MACQUARIE AIRPORTS (MAP)
ASX code: MAP
Website: http://www.macquarie.com.au/map
Industry: Transportation
Principal Activities:
Airport Investment Fund
Address:
, No 1 Martin Place, Mezzanine Level,
SYDNEY
NSW
Phone: +61 2 8232 9634
Fax: +61 2 8232 4713
Executives & Directors
Mr Max Moore-Wilton , Non Exec. Chairman, Director
Ms Kerrie Mather , CEO
Ms Sharon Beesley , Non Exec. Director
Mr Jeffrey Conyers , Independent Director
Mr Trevor Gerber , Independent Director
The Hon Michael Lee , Independent Director
Mr Bob Morris , Independent Director
Mr Stephen Ward , Independent Director
Mr David Luboff , CFO
Mr Keith Irving , Investor Relations
Ms Sally Webb , Company Secretary
Company Podcasts
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
MACQUARIE AIRPORTS (MAP) Events
Australia/NSW
MACQUARIE AIRPORTS (MAP)
| Sydney Airport Deleveraging Complete | Wed, 24 Jun 2009 |
| MAp Foreign Ownership Level | Mon, 22 Jun 2009 |
| MAp Traffic - May 2009 | Fri, 19 Jun 2009 |
| MAp Foreign Ownership Level | Tue, 9 Jun 2009 |
| MAT2 Consolidated Constitution | Tue, 2 Jun 2009 |
| MAT1 Consolidated Constitution | Tue, 2 Jun 2009 |
| MAT1/MAT2 Constitution Amendment | Tue, 2 Jun 2009 |
| Price Query Response | Wed, 27 May 2009 |
| MAp Annual General Meeting Presentation | Thu, 21 May 2009 |
| MAp Annual General Meeting Results | Thu, 21 May 2009 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH KERRIE MATHER, CHIEF EXECUTIVE OFFICER, MACQUARIE AIRPORTS (MAP)
“EBITDA Increases 12.8% Over PCP”
http://www.brr.com.au/event/48860
FRIDAY, AUGUST 1, 2008, 11:30 AM.
BRR Boardroom Radio this morning welcomes the Chief Executive Officer of Macquarie Airports, Miss Kerrie Mather, who joins us today to discuss
10 Brussels Airport’s 2008 first half results. Macquarie Airports has a 62.1% interest in Brussels. Brussels reported a strong 12.8% growth in EBITDA for the first half of 2008. What were the key areas driving the result?
MAP Yes. We are very pleased with the result that we are announcing for Brussels airport today. The 12.8% growth in the first half of 2008 was driven by solid
15 performances across all areas of the business, particularly in commercial activities and operational cost management.
BRR Traffic growth seems to be holding up relatively well considering the current environment of high fuel prices.
20 MAP Yes, the Jet Airways European Hub strategy has been a significant contributor to the growth and our airline marketing efforts continue to bear fruit with the ongoing expansion of low cost and full service carriers of the airport. In an environment of high fuel prices, we recognize that our airline customers face challenging operating conditions and while Brussels airport is
25 not totally immune to the airline capacity reduction, the results for the first half of 2008 demonstrates resilience of the airport operating model and the importance of owning the right airports.
BRR And, Kerrie, the commercial business has continued to expand?
30 MAP Yes, the new retail concepts that we have introduced, particularly in food and beverage, are performing really well. These include the Grab and Fly units that opened in the middle of last year and the new Delifrance unit in the departures hall earlier this year. Our car parking offering continues to be in demand with all the car parks at near capacity at peak times. Going forward,
35 we have earmarked a car parking initiative to expand the offering in order to meet the ever growing demand.
BRR And finally, Kerrie, cost seems to be well contained with growth of just 1.1% in the first half of 2008.
40 MAP Yes, 1.1% growth in total operating costs for the first half was very pleasing and was achieved despite a national indexation of salaries occurring in both February and June this year. Since our acquisition we have put in place numerous cost management initiatives and we expect to see further efficiency gains which will be delivered from continuous strict cost control across the
45 airport.
BRR Kerrie, as always, we appreciate your time today. We look forward to catching up with you soon.
MAP Thanks, Cameron.
BRR That has been Kerrie Mather, the Chief Executive Officer of Macquarie Airports speaking to us on Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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