Sydney Airport EBITDA up 4.5% in 2Q2011

Australia's Sydney Airport revenue up 4% - financial highlights:

• Three months ended 30-Jun-2011
  • Revenue: USD251.2 million, +4.3% year-on-year;
    • Aeronautical: USD103.3 million, +4.0%;
    • Aeronautical security recovery: USD20.7 million, +5.8%;
    • Retail: USD57.7 million, +4.8%;
    • Property and car rental: USD40.0 million, +6.3%;
    • Ground transport and commercial services: USD28.0 million, +0.6%;
  • EBITDA: USD202.3 million, +4.5%;
  • Capital expenditure: USD39.0 million, +70.9%;
  • Revenue per passenger: USD29.49, +1.9%;
  • EBITDA per passenger: USD23.75, +2.1%;
  • Capex per passenger: USD4.58, +67.0%;
• Six months ended 30-Jun-2011:
  • Revenue: USD507.7 million, +4.4%;
    • Aeronautical: USD210.9 million, +4.6%;
    • Aeronautical security recovery: USD40.8 million, +5.35;
    • Retail: USD116.5 million, +5.75;
    • Property and car rental: USD80.6 million, +3.8%;
    • Ground transport and commercial services: USD56.1 million, +1.0%;
  • EBITDA: USD410.0 million, +3.9%;
  • Capital expenditure: USD74.8 million, +33.8%;
  • Revenue per passenger: USD29.20, +2.4%;
  • EBITDA per passenger: USD23.58, +2.0%;
  • Capex per passenger: USD4.30, +31.3%. [more]

*Based on the conversion rate AUD1 = USD1.07467

MAp: "Looking forward, a new strategy has been developed to re-position Sydney Airport's car park offering. A variety of promotional deals have been launched to attract both weekend travellers and those looking for affordable and convenient parking during an extended getaway, with up to 60% off regular parking rates," Kerrie Mather, Managing Director and CEo. Source: MAp, 20-Jul-2011.