Auckland Airport Interim Report 2010

It's all part of the plan

With international passenger volumes by far
our most important value-driver, generating
more travel demand is going to be crucial to
the future growth of both Auckland Airport and New Zealand tourism.

That’s why investing in new ways to build stronger air services connections, growing passenger volumes and gaining exposure to higher growth markets such as Asia makes complete sense. This is just one part of our strategy for growth. We are totally focused on using everything we have – our physical assets, people, knowledge and financial resources – to create healthier commercial relationships, ensure we are ‘fighting fit’ and find more innovative ways to develop our business. We are confident that the things we are doing today will pay off tomorrow.

1

Putting our customers first

Create a healthier commercial environment

Develop a more customer-centric approach which involves alignment of business operations with airlines

Facilitate a balanced and sustainable stable of airlines

Ensure stakeholders and regulators recognise the value Auckland Airport provides

Support alignment of ownership with strategy

2

Tightening our belts

Increase the focus on and discipline of cost efficiency and capital productivity

Ensure operations are fighting fit

Facilitate a continuous improvement culture

Apply greater scrutiny and discipline to capital management

3

Making the most of what we have

Unlock the full growth potential from the core business

Optimise the customer experience to drive pricing for services

Challenge commercial models to facilitate airport services differentiation

Pursue new route/airline/tourism development

Adopt a ‘proactive landlord’ approach in retail

Reinvigorate and grow property development

Improve performance of cargo business

4

Looking for new opportunities

Capture growth opportunities from the closest and most promising adjacencies

Pursue property development opportunities outside aeronautical-related property

Pursue new opportunities in cargo business

5

Looking beyond our business today

Pursue opportunistic but carefully selected step-outs aligned to core competencies

Invest beyond the current business and grounds where investment
criteria are met