Download - Investments & Business oportunities - Airport Concessions

Brazil’s Investment Plan in Logistics (PIL): 2nd Round

AIRPORTS

INVESTMENTS & BUSINESS OPORTUNITIES

AIRPORTS CONCESSIONS

New York 29 June, 2015

– BRAZILIAN CIVIL AVIATION –

INSTITUTIONAL FRAMEWORK

PRESIDENCYCIVIL AVIATION SECRETARIAT

MIN. OF DEFENCE

INFRAERO ANAC

Independent Agency

Public Policy and Planning

Government Coordination

Airport Grants Plan

Manager of Brazilian Civil Aviation Fund (FNAC).

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Public Airport Operator

• Tecnichal and Economic Regulation

Supervision

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Military Aviation

Air Navigation Services Provider and Regulator

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– PASSENGERS (MM) –

BRAZILIAN AIRPORTS

2004 2005 2006 2007 2008 2009 2012 20132010 20112003 2014

111 113128

155

180193 197

210

1029683

71

Average annual growth rate:

10.4% (2003-2014)

Expected annual growth rate for the next 20 years: 6%

– BRAZILIAN’S AIR SECTOR –

PERFORMANCE

Flights x Population

Year 1995 2014

USA 2,00 2,35

BRA 0,12 0,54

World Rank(Total Passengers)

Year 1995 2014

USA 1º 1º

BRA 13º 6º

(Total Passengers/Population)

– BRAZILIAN’S AIR SECTOR –

GROWTH POTENTIAL

BRAZIL USA

Population 200 million 315 millionTotal area 8.5 million km² 9.3 million km²Aircraft 460 5,190Cities served 106 390Pax per year 113 million 740 million

BRAZIL USA

– EVOLUTION OF –

DOMESTIC AIRFARES

Source: ANAC

2002-2014*:

52% reduction in domestic airfares

(US$)

Exchange rate PTAX (jan/2015)R$ 2,69 = 1,00 US$

210,44

102,04

0,3357

0,1071

0,00

0,05

0,10

0,15

0,20

0,25

0,30

0,35

0,40

0,00

50,00

100,00

150,00

200,00

250,00

Real average domestic airfare

Yield real average domestic airfare

– AIRCRAFT CAPACITY –

UTILIZATION

2004 2005 2006 2007 2008 2009 2012 20132010 20112003 2014

68% 66% 66% 68%70% 73

76%80%

71%69%65%

60%

Load Factor - Domestic Market

Fast-growing air transport demand

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Dynamic and competitive sector.

Leading drivers: higher income and lower air ticket prices

Air transport demand will keep growing

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Brazilian air transport is still expanding and all forecasts points at this direction

6% expected annual growth for the next 20 years

Infrastructure supply doesn’t match demand evolution

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Infraero faces severe constraints as a public enterprise

Main airports already present operational bottlenecks

Few airlines in activity, especially in the regional market

– OVERVIEW OF –

AIR TRANSPORT IN BRAZIL

– AIRPORT –

CONCESSIONS

2011

2012

2014

Natal

(ASGA) Natal

(BSB) Brasília

(GRU) Guarulhos

(VCP) Viracopos

(GIG) Galeão

(CNF) Confins

Brasília

GuarulhosViracopos

Galeão

Confins

Florianópolis

Fortaleza

Porto Alegre

Salvador

2015/2016

(FLN) Florianópolis

(FLZ) Fortaleza

(SSA) Salvador

(POA) Porto Alegre

– PREVIOUS AIRPORT CONCESSIONS –

GREAT RESULTSNatal

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5 different consortiums

14 players in the auctions

Players from France, South Africa, Switzerland, Germany, Singapore, Spain, Argentina, USA, England…

Winning bids (combined): US$ 15.2 billion

Average Premium: 300%

Concession Lengths: 20 – 30 years.

Estimated Total Investments: US$ 8.67 billion

Over US$ 3 billions invested so far

Expected growth: 80 million (2011) – 270 million (2032)

Brasília

GuarulhosViracopos

Galeão

Confins

– PREVIOUS AIRPORT CONCESSIONS –

GREAT RESULTSNatal

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Huge improvement in infrastructure capacity

Increased service quality

Happy passengers

Growing traffic

Upside in commercial revenues

Brasília

GuarulhosViracopos

Galeão

Confins

– AIRPORT CONCESSIONS –

FIRST RESULTS

Guarulhos/SP International Airport – new passenger terminal

Capacity to receive 12 million passengers per year


FIRST RESULTS

Guarulhos/SP International Airport – new passenger terminal

Area of 192,000 m²


FIRST RESULTS

Viracopos/SP International Airport – new boarding bridges

28 boarding bridges and

7 remote stations


FIRST RESULTS

Viracopos/SP International Airport – new boarding bridges

1,795% increase in the number of international passengers in the first 4 months of 2015 compared to 2014.


FIRST RESULTS

Brasília/DF International Airport – new pier and boarding bridges

Total area of the Terminal:

from 60 000 m² to 110,000 m²


FIRST RESULTS

Brasília/DF International Airport – new pier and boarding bridges

From 13 to 29 boarding bridges


FIRST RESULTS

New Natal/RN (São Gonçalo do Amarante) International Airport – passengers terminal

Capacity to process up to

8 million passengers per year

SALVADOR/BA, PORTO ALEGRE/RS, FLORIANÓPOLIS/SC AND FORTALEZA/CE


FEDERAL AIRPORT CONCESSIONS

BASIC CONCEPTS

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Improve infrastructure capacity and quality

Required service level (IATA Level C)

Competition and benchmarking in airport operation

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BOT – Build, Operate and Transfer

ATC is not included

REVENUES•

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Aero → regulated

Non-aero → not regulated

CAPEX • Based on demand triggers and with initial investment obligations

REGULATORY ISSUES

CHARGESDOM + INT

Non cost-based model:

BASIC RULES

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Price-cap model

Annually adjusted by CPI

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Boarding fee

Connecting fee

Landing and Parking fees

Cargo and Storage fees

CONCESSION FEES•

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Fixed fee (result of the bidding process)

Percentage fee: share of the gross revenue annually paid to the Government

BIDDING PROCESS•

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The Auction takes place at BOVESPA (São Paulo’s Stock Exchange)

Winner is the defined by the highest economic proposal

– INTERNATIONAL AIRPORT–

SALVADOR

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8th busiest airport in the country and the first in the Northeast Region

Passengers Processed / Projected: 2014: 9.2 million/2044: 28 million

Preliminary Investment forecast: R$ 3 billion (US$ 1 billion)*

*Considering Exchange Rate: 1,00 US$ = R$ 3,00


SALVADOR

Total Passengers

Passenger Profile - 2014

International

Domestic

x 1,000 Pax

311

9,152

HISTORICAL: 9.27% p.y.

PROJECTED: 3.93% p.y.

28.21 (2044)

9.15 (2014) -

5

10

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Mill

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PORTO ALEGRE

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9th busiest Airport of the country and the first in the South Region

Passengers Processed / Projected: 2014: 8.4 million/2044: 27 million

Preliminary investment forecast: R$ 2.5 billion (US$ 833 million)*



PORTO ALEGRE

Total Passengers


International

Domestic

x 1,000 Pax

614

7,833



27.45 (2044)

8.45 (2014) -

5

10

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20

25

30

Mill

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FLORIANÓPOLIS

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14th busiest Airport of the country and the third in the South Region

Passengers Processed / Projected: 2014: 3.6 million/2044: 11.6 million

Preliminary investment forecast: R$ 1.1 billion (US$ 367 million)*



FLORIANÓPOLIS

Total Passengers


International

Domestic

x 1,000 Pax

173

3,460



11.6 (2044)

3.6 (2014) -

7

14

Mill

ion

s


FORTALEZA

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12th busiest Airport of the country and the 3rd in the Northeast Region

Passengers Processed / Projected: 2014: 6.5 Millions/2044: 21.8 Millions

Preliminary investment forecast : R$ 1.8 billion (US$ 600 millions)



FORTALEZA

Total Passengers


International

Domestic

x 1,000 Pax

242

6.260

HISTORICAL: 12% p.y.


21.8 (2044)

6.6 (2014) -

Mill

ion

s

5

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25

– CONCESSIONS –

DATA ROOM

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Engineering plants, projects and studies;

Information about the airports IT systems;

Pictures and maps of the airports sites;

Current Master Plan;

Commercial and administrative contracts;

Information on human resources;

Operational and financial data;

Information on environmental requirements;

Information about judicial and administratives process underway;

Existing infrastructure.

From July 15th 2015, SAC will provide for the general public information and data on the airports of Florianópolis, Fortaleza, Salvador and Porto Alegre.

Information will be available in SAC’s website: www.aviacaocivil.gov.br

– TIMETABLE–

SCHEDULE

PROCESSS DAYS START END

Execution / selection of Feasibility Studies

140 06/10/2015 10/28/2015

Approval in Brazilian’sAuditing Court

45 10/28/2015 12/12/2015

Public Hearing 65 12/12/2015 02/15/2016

Approval of the final version of the bidding

documents30 02/15/2016 03/16/2016

Auction 47 03/16/2016 05/03/2016

TOTAL 327

Brazil’s Investment Plan in Logistics (PIL): 2nd Round

AIRPORTS

INVESTMENTS & BUSINESS OPORTUNITIES


[email protected]

www.aviacaocivil.gov.br

Download - Investments & Business oportunities - Airport Concessions

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