AIRPORTS COMPANY SOUTH AFRICA SOC LIMITED - Airports Company South Africa-Annual Results Release

Airports Company South Africa-Annual Results Release

Airports Company South Africa SOC Ltd

Reg No 1993/004149/30 VAT No 4930138393

Bond Code ISIN

AIR01      ZAG000038084
AIR02      ZAG000052838
AIR04      ZAG000116369
AIR05      ZAG000116351
AIRL01     ZAG000052846


Tel +27 11 723 1400 Fax +27 11 453 9354

The Maples, Riverwoods, 24 Johnson Road,

Bedfordview, Gauteng, South Africa, 2008

PO Box 75480, Gardenview,

Gauteng, South Africa, 2047

www.airports.co.za



Airports Company South Africa - Driving new frontiers for sustainable growth



Performance highlights:

- Revenue increased by 6.8% to R8.3 billion (2015: R7.8 billion)

- New routes, passenger volumes, non-aeronautical revenue boost performance

- Profit for the year increased by 20.3% to R1.96 billion (2015: R1.6 billion)

- Interest-bearing borrowings reduced by 13.1% to R9.8 billion (2015: R11.3 billion)

- 96% of key performance indicators met



Johannesburg, 23 September 2016 - Airports Company South Africa reported revenue growth of
6.8% to R8.3 billion in the year ended 31 March 2016, driven by the introduction of new routes,
growth in passenger numbers and a strong performance in non-aeronautical revenue.

Bongani Maseko, Chief Executive Officer of Airports Company South Africa, said the new routes
included flights by Kenya Airways to Cape Town International

Airport, Ethiopian Airlines to King Shaka International Airport and increased frequency of flights by
Emirates Airlines and British Airways, among others.

Passenger growth to and from Europe and Asia contributed further to overall performance.
The Company reported a combined total of 19.4 million departing passengers from the nine airports
it owns and operates. The 2016 financial year saw a year-on-year annual growth rate in departing
passengers and aircraft landings of 8.6% and 4.0% respectively, leading to R5.2 billion (2015: R4.9
billion) in aeronautical revenue.



Maseko said that stronger partnerships and greater cooperation with airlines had enabled the
Company to facilitate the new routes and increased flight frequencies by international airlines.

The Company continued with its deleveraging strategy and R1.5 billion in debt was repaid during the
financial year, which brings the total repaid over the past five years to R7 billion.

Airports Company South Africa met 96% of its performance objectives. "The executive team and
employees across Airports Company South Africa have demonstrated a desire to listen to and
respond to the needs of our stakeholders, and this developing outward focus of our culture bodes
extremely well for the future" said Maseko.

According to Maseko the ability to develop and maintain strong partnerships with all of its
stakeholders are core elements of the Company's new business operating model and central to
enhancing its status as a well-run state owned company.



Maseko concluded, "Our future outlook will entail a clear and consistent focus on the strategy that
we have outlined towards achieving Vision 2025. This process will include the incorporation of the
governance framework and operating model and will rely on the continued support of our people
and stakeholders as we transition to our new strategy to guide us to 2025 and beyond".



Media Queries:

Airports Company South Africa

Nangamso Jacobs

Media Liaison Officer

T: 011 723 1595

M: 061 819 5280

E: Nangamso.Jacobs@airports.co.za

Debt Sponsor:

The Standard Bank of South Africa Limited

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