adpi · 2013. 6. 28. · revenue (2011) 2.502 m€ ... 88.1m pax (61m pax for paris – charles de...
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Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
ADPI Airports and Terminals For
3rd Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 15th, 2013
Public Private Partnerships
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Aéroports de Paris Group
The leader in Europe for business aviation
Business airport
26 Mpax in 2008 Europe 11th largest
passenger airport
The short-haul and Origin / Destination (“O/D”) airport
Paris - Le Bourget
Paris – Charles de Gaulle
Paris - Orly
61 Mpax in 2011 Europe 2nd largest passenger airport World 5th largest passenger airport Europe largest airport for air cargo and mail SKYTEAM main Hub
The Airport dedicated to medium to long-haul Passengers (2011) 88 MPax
Owns, designs and manages 14 airports,
including CDG and ORY
Revenue (2011) 2.502 M€
EBITDA (2011) 972 M€
Operating Income (2011) 607 M€
Net Income to the Group 348 M€
100 % 100 %
38 % 8 %
31,6 % 68,4 %
French Government Private investor
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
ADP is a Major Player in Paris
Aéroports de Paris
• Aéroports de Paris (ADP) operates all the airports facilities in the Paris region including Paris-Charles de Gaulle airport (the 7th busiest airport in the world in 2011), Paris-Orly and Paris-Le Bourget airports
• ADP ranks second in the world in terms of international traffic, welcoming over 175 airlines serving 115 countries, within a network of 350 cities across the globe (including 170 cities with daily nonstop service).
• In 2011, ADP overall passenger traffic accounted for 88.1m pax (61m pax for Paris – Charles de Gaulle and 27m pax for Orly). Over 50m additional passengers were handled from airports in which ADP, through ADPM, owns an interest
• ADP handles the Air France / KLM and FedEx hubs at Paris – Charles de Gaulle airport. EasyJet has bases at both Paris – Charles de Gaulle and Paris – Orly airports
• In 2011, ADP has handled 2.1m tons of freight and mail at Paris – Charles de Gaulle airport
CDG S4
CDG 2F
CDG 2E
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
ADPI
ADPI is a private architecture and engineering company that designs, project manages, and supervises private and public projects
throughout the world.
Member Company of AEROPORTS DE PARIS Group
International references in more than 80 countries on all continents
Constant technology watch
ADPI design and develop airport platforms and major infrastructures or major projects throughout the world
Capitalize on 50 years experience abroad
Certified ISO 9001 since February 2003
Diversity of activities from 2007 to 2012
Airport designer and planner with operational background
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
ADPI’s expertise cover Investor expectations
Airport Master Plan
Terminals
Maintenance and Cargo
Airport buildings
Infrastructure Airside and Landside
Special Airport Systems, IT, BHS and
Technical Equipment
Urban development / Airport Cities
Air navigation control
Traffic Forecast and programming
Feasibility study
Master planning / Space planning
Operational consulting
Financial consulting related to airports
Value engineering and Design review
Architecture / Engineering
Interior design
ICAO IATA Compliance check / Permitting
Air navigation expertise / ATC
Construction supervision
Procurement / Commissioning
Complete project management
TRADES SERVICES
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
ADPI’s expertise cover Investor expectations
Airport Master Plan
Terminals
Maintenance and Cargo
Airport buildings
Infrastructure Airside and Landside
Special Airport Systems, IT, BHS and
Technical Equipment
Urban development / Airport Cities
Air navigation control
Traffic Forecast and programming
Feasibility study
Master planning / Space planning
Operational consulting
Financial consulting related to airports
Value engineering and Design review
Architecture / Engineering
Interior design
ICAO IATA Compliance check / Permitting
Air navigation expertise / ATC
Construction supervision
Procurement / Commissioning
Complete project management
TRADES SERVICES
Documentation requested by equity investors
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
ADPI Worldwide
ADPI Headquarters Paris Staff : 240 +
ADPI offices Expatriates : 340 +
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Aéroports de Paris Management
Aéroports de Paris’s success in PPP is not limited to the fact that ADP has been part of PPP Consortium
ADPM has always been involved into structuring the funding
ADPM has always invested to demonstrate its commitment to the project
ADPM has been in most cases the catalyst to finalize the Finance Plan
Selected examples
Hadj Terminal 6 Jeddah – Saudi Arabia
SSR International terminal Mauritius
Queen Alia International Airport – Jordan
ADPM as an investor/operator looks for long term investment/partnerships
ADPM operation philosophy aims at creating value for airport companies, passengers and airlines through:
Developing and implementing state of the art and efficient airport infrastructures
Improving airport operation quality and efficiency,
Having a strong focus on route development & airport marketing
Developing innovative airport revenues strategies
Implementing strong cost control approaches
Transferring know-how and arranging training sessions
an unmatched experience in PPP
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Aéroports de Paris: World leader in airport operation 37 airports platform under management representing 180M Pax
Source: ADP, TAV Airports ¹ Mexico: ADP holds a 25.5% stake in the Mexican company Servicios de Tecnología Aeroportuaria (SETA), which itself has a 16.7% stake in holding company
Grupo Aeroportuario del Centro Norte (GACN), which controls 13 airports in the north and centre of Mexico, including Monterrey International Airport
13 Regional airports Mexico North Central (25.5%)¹ 14mm pax Operator & Strategic partner
France Paris-CDG: 61mm pax Paris-Orly: 27mm pax Owner and operator
Schiphol Group (8%) 48mm pax Industrial cooperation
Liège (25.6%) 0.6mm tons of freight Strategic partner
Jeddah (Hajj Terminal) – Saudi Arabia 5mm pax Management contract
Amman – Jordan (9.5%) 6mm pax Management contract Strategic partner
Cambodian Airports Phnom Penh & Siam Reap:
3mm pax Assistance in management
Conakry Airport (29%) 0.2mm pax Operator
Algier Airport 4.4mm pax Operator
Mauritius (10%) 2.6mm pax Operator Strategic partner
Tunisia (67%) Enfidha & Monastir
2.3mm pax Concession operator
Turkey Istanbul Ataturk: 37.5mm pax Ankara: 8.5mm pax Izmir: 2.5mm pax Gazipasa Concession operator
Georgia (76%) Tbilisi & Batumi: 0.8mm pax Concession operator
Macedonia (100%) Skopje & Ohrid: 1.2mm pax Concession operator
Medinah (Saudi Arabia) (33%) Concession operator
TAV Subsidiary
ADP
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Key aspects in a PPP Scheme
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Airport Infrastructure Development Privately Funded
Major Objectives leading a Government to search for Public Private Partnership in Airport Business
Funding part or the totality of an infrastructure need by private investments
Finding Financial Resources for a project in order to concentrate Government
funding on other priorities
Improving economic performance and level of service by involving a highly
experienced Airport operator
Transferring/ Sharing Airport Project Development risk to a private party
Improving Airport Profitability
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Airport Infrastructure Development Privately Funded
Governmental approach to attract the Private Sector in airport development project
Clear definition of the structure to be in charge of the project: It can be an already
existing structure or a dedicated structure
Clear definition of the perimeter of the PPP
Stable Aviation policy framework and infrastructure programme around airport site
Good Connectivity of government departments to deliver PPP programme
Definition by the government of the respective involvement of the Public Sector and
the Private Sector in the project and make sure that this definition is acceptable to the
Private Sector
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Airport Infrastructure Development Privately funded
The legal frame basing the Involvement of private partners in Airport Infrastructure Transaction may take various forms according to priorities identified by Governments
Transaction Family Characteristics Comments
Privatization • Trade Sale of 100% or partial IPO • Priority for up front cash • Framework given by the law • No time limit • Typically a mature & operating asset
Concession • Long term concession with majority to the private partners
• Contract defines obligations on level of service • Grantor keeps control and looks for
improvement in efficiency and quality
• Government remuneration can be up-front payment and/or an annual concession fee, or a combination of both
• Framework given by the concession agreement • Long term scheme (from 30 years up to 99 years)
BOT • Medium term agreement focused on the immediate implementation of a capital investment program for a greenfield project
• Up front cash is not a priority
• Annual fee (initial financial effort is on investment program)paid to the Government
• Framework given by the concession agreement • Term is set according to the initial investment
(usually medium term from 15 up to 50 years) with possible extension
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Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Asset Selection
Bankable project documents
Clarity on Federal/State support elements
Quality of the data available on the transaction
Bid process management among the ministries
Role of government
Development Phase Bidding Phase
Information requested by Investors
Traffic forecast
Airport program
Airport Masterplan
Construction phasing / investment plan
minimized CAPEX
Controlled OPEX
Optimized Airport revenues
security and safety
return on investment
Development Phase Bidding Phase
ADPI Assistance for Bankable Project
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Airport Infrastructure Development Privately funded
Involvement of Private Partners in Airport Business / Project requires Government to
•Accept preliminary obligations in relation with implementing a concession scheme such as
Preparing a Masterplan with steps of developement and concept design for main airport facilities
Establishing a legal framework authorising PPP for airport infrastructures (a BOT is a natural PPP structure fore
greenfield airport projects like OMSK future airport)
Defining an acceptable Concession Contract – for bidders and lenders
Defining a regulatory scheme over the concession period
Proposing an attractive tax exemption scheme
Choosing the Government remuneration scheme
•Select a professional team of advisors in order to secure transaction timing and propose an acceptable scheme to the potential bidders. Such team of advisors should include
Technical advisors ( air traffic and program expert / airport planner / airport designer /airport operator expert)
Financial advisors specialized in airport infrastructure development
Legal advisors
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Airport master plan and concept
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Development Phase Bidding Phase Development Phase Bidding Phase Airport Master Planning – 5 Phases
On-site Survey and Data Collection Analysis
Cost Estimates and Planned Investments
Development of Master Plan Alternatives and Terminal Concept
Selection of the preferred Master Plan and concept definition
Phasing
Traffic Assumptions and Strategic Orientations
Facility Requirements
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
ADPI references in P3 Airport projects
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
19
BOGOTA - EL DORADO AIRPORT - COLOMBIA
New Passenger Terminal for: (2017 Capacity)
11,5 to 16 million Pax Annual Traffic
3600 Pax/hour. Peak hour Departure
4800 Pax/hour. Peak hour Arrival
6540Pax/hour. Peak hour Arrival + Departure
Level of Service to Passenger IATA : C
Total Area: 150 000 sqm
AIRPORT KEY POINTS
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
20
ENFIDAH CENTRAL TUNISIA AIRPORT - TUNISIA
AIRPORT KEY POINTS
New Passenger Terminal for:
5 million Pax Annual Traffic
1900 Pax/hour. Peak hour Arrival or
Departure
2900 Pax/hour. Peak hour Arrival and
Departure
Level of Service to Passenger IATA : B
Total Area: 58 000 sqm
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
AIRPORT KEY POINTS
4 million Pax Annual Traffic
• 3,850,000 International Traffic
• 150,000 Domestic Traffic
1640 Pax/hour. Peak hour Arrival or Departure
200 Pax/hour. Transfer
14 Aircraft movements at Peak Hour (A+D)
IATA level of Service C
3 Storey Building (+ Basement) = 56,900 sq.m.
100% Baggage Security Control
Full compliance with ICAO requirements
SSR AIRPORT EXPANSION PROJECT - MAURITIUS
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
AIRPORT KEY POINTS
Capacity: 9 M passengers
22 contact stands
10 remote stands
Area: 170 000 sq.m
Construction cost: 480 M US $
Lev Client: Aeroflot
Services period: 2001-2006
Commissioning: 2007 september
Moscow Sheremetyevo International Airport, Terminal 3.
Forum AIRPORT DEVELOPMENT RUSSIA & CIS Moscow, Russian Federation – May 2013
Thank You…
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