16-Feb-2017 2:30 PM

Sydney Airport EBITDA up 8% in 2016, 2017 outlook 'confident'

Sydney Airport revenue up 11% – financial highlights for 2016:

  • Revenue: AUD1365 million (USD1015 million), +11.0% year-on-year;
    • Aeronautical: AUD614.2 million (USD456.7 million), +17.4%;
    • Aeronautical security recovery: AUD87.3 million (USD64.9 million), +4.8%;
    • Retail: AUD295.6 million (USD219.8 million), +12.2%;
    • Property and car rental: AUD204.2 million (USD151.8 million), +1.5%;
    • Parking and ground transport: AUD156.1 million (USD116.1 million), +3.6%;
  • EBITDA: AUD1086 million (USD807.4 million), +8.2%;
  • EBITDA excl Western Sydney Airport project costs: AUD1107 million (USD823.0 million), +10.3%;
  • Passengers: 41.9 million, +5.6%;
    • Domestic: 26.9 million, +3.8%;
    • International: 14.9 million, +8.9%;
  • Capital expenditure: AUD384.9 million (USD286.2 million)
  • Total assets: AUD12,326 million (USD9166 million);
  • Cash and cash equivalents: AUD465.8 million (USD346.4 million);
  • Total liabilities: AUD11,239 million (USD8358 million).  [more - original PR]

*Based on the average conversion rate at AUD1 = USD0.743623

Sydney Airport: “Our confidence in the outlook for the business supports the guidance for a distribution increase in 2017 to 33.5 cents per stapled security announced today,” Kerrie Mather, MD and CEO. Source: Company statement, 16-Feb-2017.

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