Ian Kew Chief Executive Officer

Ownership and Company Structure

Industry Funds Management

Managed Funds 77.44%

Palisade Diversified

Infrastructure Fund

22.56%

Airport Development

Group

Northern Territory Airports

Tennant Creek Airport

Alice Springs Airport

Darwin International

Airport

Palisade

Diversified Infrastructur

e Fund 23%

[CATEGORY NAME]Invest

ors [PERCENTAG

E]

Darwin International Airport

• Privatised in 1998

• 100% Australian owned

• Airport centrally located

• Two runways

• 17 aircraft bays

• Currently undergoing $60M terminal expansion

• Two storey, modern, integrated terminal

• Joint User Facility (Royal Australian Air Force)

• 311 Hectares (1258 hectares RAAF)

• 24 hour, curfew free operation

• 50 + 49 year lease (June 1998)

• A380 Diversion Port

Airport Overview

Our Location

Gateway to Asia

Australia’s Northern Gateway

• Darwin offers direct flights from most major cities as well as regional centres

• On most sectors there are multiple airlines operating, offering choice and competition

• As a 24 hour airport, schedules are very flexible with a range of arrival and departure times. Peak times for arrivals include:

o 11.30 – 17.00 and 23.00-01.30

• Our extensive international schedule also offers competitive fares, which allows for easy pre and post touring

Darwin best placed as hub for South East Asian traffic

Alternate Northern Gateways

Key Drivers for Air Traffic Growth

• Mining

• Oil and Gas (Inpex, Connoco Philips, Shell Prelude)

• Defence including USMC

• Tourism

• Darwin Convention Centre

• Two iconic visitor destinations

o Red Centre

o Tropical Top End, Kakadu

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 B

Total Passengers (OD) - Darwin excludes transfers and transits

International Pax Domestic Pax

Darwin Airport Passengers

Objectives

• To grow the seat capacity and route network at DRW

and ASP in a sustainable manner

• Deliver pax growth above the national average

Strategy

• Develop strong business cases to present to airline

customers

• Build the Darwin narrowbody hub (through access

and marketing)

• Increase competition on new & existing sectors

(Virgin, Jetstar and international carriers)

• Attract carriers that complement and grow the Darwin

pax mix and network – Full service international

network carrier secured Philippines Airlines, SilkAir &

Malaysia Airlines

• Develop growth markets such as China

Domestic and International Routes from Darwin

8 major domestic cities,

5 international destinations

Numerous regional centres

Recent Local News

• Malaysia Airlines commenced 4pw Kuala Lumpur-Darwin Nov 2013

• Airnorth increased Darwin-Townsville from 4 to 5 per week in April 2014

• Virgin retimed Brisbane-Darwin to daylight services on 15 April 2014

• Tigerair commenced daily services Brisbane-Darwin 15 April 2014

• Qantas added 11 additional flights from Brisbane (4), Melbourne (4), Perth (2) and Sydney (1) from March 2014

• Jetstar withdrew 4pw Darwin-Manila-Tokyo in March 2014

• Jetstar increased Cairns-Darwin from 3 to 7 per week in March 2014

• SilkAir operates a 5th weekly supplementary during peak months

Darwin – Carriers YTD April 2014

Adelaide 11%

Brisbane 21%

Melbourne

15%

Perth

9%

Sydney 19%

Regional 25%

Domestic Destinations FY14

Dili

9%

Denpasar

34%

Kuala Lumpur 4%

Manila

20%

Singapore

33%

International Destinations FY14

Domestic Visitors to NT

Holiday 408,000

44%

Visiting friends and relatives

153,000 17%

Business 316,000

34%

Other 46,000

5%

Diversified traffic mix with a large

proportion of passengers

travelling for business and to visit friends and

relatives

DIA Passenger Profile

International Visitors to NT (Year Ended September 2013)

Holiday192,687

75%

Visiting friends & relatives

23,219 9%

Business12,771

5%

Employment11,695

5%

Education8,380

3%

Other7,665

3%

0

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1.8

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2.83.0

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DIA International

DIA Domestic

ASA Domestic

NTA Total Passengers and External Shocks NTA – Historical and Forecast Pax

NTA – Historical and Forecast Pax Growth Rates DIA Domestic Passengers vs. Australian GDP

FY13-18 Forecast CAGR = 5.9%

Ansett collapse

September 11

Bali bombings

Iraq, SARS

Rise in Oil Prices

Global Financial Crisis

Swine Flu

Eurozone debt crisis

Since privatisation in 1998, domestic PAX at Darwin Airport have grown at

1.42x Australian GDP growth

FY08-13 Historical CAGR

= 2.5% FY03-08

Historical CAGR = 7.9%

Passenger Traffic Trends

Darwin remains the second-fastest growing major international airport over the past decade

With growth in Darwin exceeding Australia’s average and most other Airports in the past 5 years

Route Development and Marketing • Grow base market to encourage non-

stop services

• Social media engagement

• On-airport promotions

• Aggressive multi-channel campaign in regional markets to encourage travel to Asia via Darwin. Currently rolled out in Townsville

Resident Magazine

Resident Magazine

Traffic projections to 2030

Forecast Passenger Movements to 2030

Source: DIA Master Plan 2010

The project will double the airport’s capacity and facilitate improved passenger facilities, and is the largest construction project undertaken at Darwin Airport since the original building was built in 1991.

• $100M invested over seven years to expand terminal, aprons and other facilities

• Completion of East End commissioned mid August

• Completion of West End - end of September 2014

• All works to be completed Christmas 2014

Overview & Timeline

TXP Project

Bays 23-25

3 New Aircraft Parking Bays

Capital Invested

Investments since Privatisation

Retail upgrades

Dome Cafe

Retail partners – Delaware North

The Corner Store

Two Brews

Hectors

JR Duty Free

Property Development

View of JKC carpark from the entrance off Charles Eaton Drive

Aerial view of the Rydges hotels Aerial view of Bunnings Warehouse

Australian Federal Police

Qantas Ramp Engineering

TEMRS - Careflight

New Hangar - Careflight

Ardent Leisure Centre

• Construction commenced August 2014

• Due to open Jan/Feb 2015

Caltex