Malaysia Airports 2Q2009 revenue up 9.0%

Malaysia Airports Holdings Berhad revenue up 9.0% - financial highlights:

• Three months ended 30-Jun-2009:
  • Revenue: USD111.5 million, +9.0% year-on-year;
    • Airport operations: +12.2%;
      • Aeronautical: +18.0%;
  • Profit before tax: USD24.3 million, +1.2%;
• Six months ended 30-Jun-2009:
  • Revenue: USD222.4 million, +9.4%;
    • Airports: USD219.0 million, +14.6%;
      • Aeronautical: USD110.1 million, +20.2%;
      • Non-aeronautical: USD109.0 million, +9.3%;
        • Rental & Commercial: USD56.0 million, +12.9%;
        • Retail: USD46.3 million, +9.5%;
  • Operating costs:
    • Airports: USD150.1 million, +9.0%;
  • EBITDA: USD84.7 million, +11.3%;
    • Airports: USD79.6 million, +24.3%;
  • Profit before tax: USD59.9 million, +9.4%;
    • Airports: USD59.2 million, +29.4%;
  • Aeronautical revenue per pax: USD4.7, +17.9%;
  • Non-aeronautical revenue per pax: USD4.6, +7.2%;
  • Aeronautical revenue per aircraft movement: USD428.7, +14.4%;
  • Total cost per pax: USD7.2, +8.9%;
  • Total cost per aircraft movement: USD664.5, +3.6%;
  • Passenger numbers: 23.6 million, +2.0%;
    • Kuala Lumpur International Airport: 13.5 million, +0.8%;
      • Main Terminal Building: 7.5 million, -14.7%;
      • LCCT: 6.0 million, +30.2%;
    • Other: 10.0 million, +3.6%;
  • Aircraft movements: 256,700, +5.1%;
    • KLIA: 109,200, +6.7%;
      • Main Terminal Building: 61,400, -5.9%;
      • LCCT: 47,900, +28.7%;
    • Other: 147,500, +4.0%. [more]
• *Based on the conversion rate at USD1 = MYR3.52

Malaysia Airports: "The Group expects the airport operations business segment to continue contributing positively to the consolidated revenue for 2009 financial year. The aeronautical revenue stream would be highly dependent on the passenger movements at the airports operated by the group. The International Air Transport Association has recently announced a revised forecast for global passenger movement to decline by 8% in 2009. However, initiatives have been taken by the Group to grow its non-aeronautical revenue via a retail optimisation plan and the provision of more commercial spaces at the airports. In addition, the recent financial restructuring of the group is expected to further strengthen the future performance of the Group," Company statement. Source: Malaysia Airports Holdings Berhad, 27-Aug-2009.