MACQUARIE AIRPORTS
MAp - Sydney Airport 9 Months and 3rd Qtr 2008 Results - Ms Kerrie Mather, CEO
Fri, 17 Oct 2008 09:15AM
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Ms Kerrie Mather
Fri, 17 Oct 2008
09:15AM 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 OF MACQUARIE AIRPORTS (MAP)
“Sydney Airport 9 Months and 3rd Qtr 2008 Results”
http://www.brr.com.au/event/52558
FRIDAY, OCTOBER 17, 2008, 10:15 AM.
BRR Macquarie Airports CEO, Kerrie Mather, joins us today to discuss Sydney Airport’s results for the nine months to the 30th of September 2008. MAp has
10 had a 72.1% interest in Sydney Airport. Kerrie, thanks for joining us today. Sydney Airport reported a 9.4% increase in EBITDA pre-specifics to A$480.5 million, another solid performance.
MAP Yes, Sydney Airport continues to deliver solid results with EBITDA increasing 9.4% on pcp, demonstrating the resilience of the airport operating model, and
15 the result was delivered through a combination of aeronautical and commercial initiatives right across the business and continues strict cost control. As we expected, aeronautical revenues reversed the trend earlier in the year by growing at a faster rate than passengers, and that was in part due to timing differences in recognising revenues associated with the airline
20 commercial agreements in addition to recovery on significant investment across the airport.
BRR What would the global economic slowdown mean for your airports, particularly the potential impact on traffic growth?
25 MAP Well, I think what the financial results today highlight is the resilience of the airport operating model. Clearly though, the economic environment will present some challenges for Sydney Airport and its airline partners in the near term. We’ve seen traffic growth moderated in the third quarter, although the attractiveness of Sydney Airport continues to be demonstrated with a
30 number of airlines announcing intentions to expand services and net seat growth continuing, and that includes Singapore Airlines and Cathay Pacific moving to four daily services each, Jetstar announcing trans-Tasman services to Auckland, and Qantas introducing A380s to Los Angeles, which actually commences next week from Sydney.
35
BRR Can you please provide an update on the T1 redevelopment and the T1 multi-storey car park’s performance since its opening in July?
MAP Yes, the T1 redevelopment project is progressing well. During the quarter, the emigration entry points to both terminal piers were relocated, and a new
40 landside food court was opened. The multi-storey car park continues to impress travellers and visitors by offering undercover parking for the first time in the international precinct, which includes direct access from the car park to the international departures level, and so marketing campaigns have commenced with the goal of introducing the new car park and also in
45 promoting the improved product mix that is now available.
BRR Kerrie, thank you very much for your time today.
MAP Thanks, Eddie.
BRR That was Kerrie Mather, Macquarie Airports’ CEO. If you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I’m Eddie Saade and thank you for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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