Toronto’s Global Hub AirportSustaining Growth & Delivering Economic Benefits

Our Vision for Toronto Pearson

1. Growth as a global hub airport

2. Strong financial position

3. Good neighbor

To be the world’s best airport: Making a difference, connecting the world.

Toronto Pearson’s Flight Path

3

1970s

Passengers in 1974:

10.5 Million

1990s

Passengers in 1994:

21 Million

2014

Passengers in 2014:

38.6 MillionNorth America’s:

13th busiest airport for total passengers2nd largest airport for international passengers

3

Toronto Pearson’s Increasingly International Passenger Traffic

SOURCE: GTAA

30%

48%52%

Total - 15.7M

60%

Total - 39M

40%

1985 2014 203367%

Total - 64M

33%

30% Connecting

70% O&D

30% Connecting

70% O&DConnecting and O&D Not available

International

Domestic

Toronto Pearson - an Increasingly Important Global Hub Airport

Source: ACI statistics.

Airport Passenger traffic, 2014, Millions

London Heathrow

Charles de Gaulle

Singapore Change

Toronto Pearson International

8.6

2.3

2.3

5.5

8.4

2.9

John F. Kennedy International

Dubai International

City population (M), 2014

73.4

54.1

63.8

70.5

53.2

38.6

2.7Chicago O’Hare International 70.1

Total Traffic68.1

54.1

58.6

69.1

28.5

23.3

10.8

Toronto Pearson’s Economic Impact

277,000JOBS FACILITATED ACROSS ONTARIO

$35.4B5.6% OF THE ONTARIO GDP

Today

478,000JOBS FACILITATED ACROSS ONTARIO

$62.1B6.6% OF THE ONTARIO GDP

2030

What’s driving our growth? Regional Demand

Confidential - Not for Public Disclosure7

12.5M people within a 3-hour drive of Toronto Pearson

And also from the Mega-Region

150M people within a 90-minute flight of Toronto Pearson

Additional 50M people (total of 200M) within a 2-hour flight of Toronto Pearson

Toronto Pearson - 23.3M Int’l Passengers

JFK - 28.4M Int’l PassengersChicago O’Hare10.8M Int’l Passengers

8

South-Central Ontario Regional Airports SystemAirports and Major Ground Transportation Corridors

Windsor

London

Waterloo

Hamilton

Kingston

Billy BishopToronto Pearson

Lake Simcoe Reg.

Oshawa

Peterborough

Niagara District

9

SOURCE: C4SE Economic Model; GTAA data; regional airport data; McKinsey analysis

Ontario-level passenger forecast

Enplaned/Deplaned passengersMillions

1 Projection for Southern Ontario passenger traffic (excluding Ottawa) based on base case economic and population growth2 Estimated maximum regional capacity assuming no additional investment, except Pearson

Max capacity2Projected pox volume 1

0

10

20

30

40

50

60

70

80

90

100

20452040203520302025202020152010

Estimated capacity gap 2043: 24 million passengers

2014 pox: 42.2 million

Growth Continues Over the Next 30 Years

Paying down debt faster

Second year of rate freeze

Million$42.7

Net Income

Strong Financial Position

11

We Continue to Grow Non-Aeronautical Revenue

$314M

$340M

12

And Reducing Rates for Air Carriers to Keep Toronto Pearson Competitive

Toronto Community Investments

Arts for Children and Youth Welcome Mural

Engaged 50 children and young adults from:

Toronto in a revitalization project, transforming the

aesthetic of Terminal 3 through the production of

a large-scale 54 foot original public mural

composed of a series of painted and mosaic

panels.

Somali Community Association

Welcome Dinners

Partnered with the Association to

introduce newcomers to other community members, who have successfully settled

and effectively integrated into

Canadian society.

Arts Etobicoke’s Beats + Intentions

Program

In-depth training and employment program for youth in both the business and creative

side of the arts through workshops: • Budgeting

• Grant Writing• Publicity

• Marketing• Instruction for dance,

music, and performance

Playing For Keeps

Lead community partner on a program

that develops healthier, more active and better-connected

communities – through play.

Through the program, over 180 volunteer ambassadors have

been recruited to date

15

Open and Timely Communications

OPEN HOUSE TO BE INSERTED

16

An Environmental Leader

• First airport in North America to be ISO 14001 certified

• In 2014, diverted 70% of all in terminal public facing waste

• Founded North America’s largest eco-industrial zone: Partners in

Project Green engaging over 600 businesses in sustainability

•Recognized as a SaveON Energy Champion, saving 890,000 kilowatt

hours per year

•Recipient of Toronto and Region Conservation Authority 2014 Living

City Award for Sustainable Community

Strengthening Relationships

19

New Retail/Food & Beverage

20

Passenger Flow

Measuring againstinternational standards

21

Groundside Infrastructure

Efficient connectionsto/from Toronto Pearson

Launching June 6Trains to depart Union Station and Pearson every 15 minutes

22

Transit Use Today

5%Airport Passengers

17%Airport Employees

23

The last mile…regional transportation plans must consider connectivity to Pearson

Proposed SmartTrack plan

Proposed GTA west corridor Regional Express Rail

Union Pearson Express

24

Pan Am/Parapan Am Games

25

Best in ClassCustomerService

26

Toronto’s Global Hub AirportSustaining Growth & Delivering Economic Benefits

Questions