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:
1 Martin Place, Level 11
SYDNEY
NSW
Phone: +61 2 8232 9634
Fax: +61 2 8232 4713
Executives & Directors
Mr Max Moore-Wilton , Director, Non Exec. Chairman
Ms Kerrie Mather , CEO
Mr Michael Carapiet , Executive Director
Ms Sharon Beesley , Non Exec. Director
Mr Trevor Gerber , Independent Director
The Hon Michael Lee , Independent Director
Mr Bob Morris , Independent Director
Mr Jeffrey Conyers , Independent Director
Mr Stephen Ward , Independent Director
Mr John Roberts , Alternate Director
Mr Graeme Johnson , CFO
Mr Keith Irving , Investor Relations
Ms Sally Webb , Company Secretary
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Announcements from the preceding six months are shown below.
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MACQUARIE AIRPORTS (MAP) Events
Australia/NSW
MACQUARIE AIRPORTS (MAP)
| MAp Traffic - October 2008 | Thu, 20 Nov 2008 |
| MAp Portfolio and Capital Review Update | Wed, 12 Nov 2008 |
| Financial Close - Disposal of Partial Interests | Thu, 6 Nov 2008 |
| Macquarie Airports Foreign Ownership Level | Mon, 3 Nov 2008 |
| Change in substantial holding | Fri, 31 Oct 2008 |
| 9 months and 3Q08 Results for Copenhagen Airport | Thu, 30 Oct 2008 |
| MAp Nine Months and 3Q08 Results for Core Portfolio | Thu, 30 Oct 2008 |
| MAp 9 Months and 3rd Qrtr 2008 Results for Brussels Airport | Wed, 29 Oct 2008 |
| MAp Portfolio and Capital Review Update | Fri, 24 Oct 2008 |
| MAp Corporate Governance | Wed, 22 Oct 2008 |
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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