tav airports ppp applications and investments … \\nlon14p20505a\gis$\verticals\transport and...
TRANSCRIPT
““ PP
P a
pp
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In
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sP
PP
ap
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s””
Tu
nis
, T
un
is,
Dece
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er
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2007
2007
Halu
k B
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ilgi
PD
G, T
AV
Tunis
ie S
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PD
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TAV AIRPORTS
TAV AIRPORTS
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CO
NT
EN
TC
ON
TE
NT
�Aviation Industry
�Growth in Aviation Business
�The Player in the Market
�Valuation of an Airport as aBusiness
�TAV Airports as a succesful example for a company born through PPP
�IPO of TAV
�Example for a different type of PPP “TUNISIA”
2
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Aviation Industry
Aviation Industry
TODAY
�18.300 commercial aircraft
�4.2 billion passengers
�2000 commercial airports
�93 Airports represent the %
64
of the passengers in the world
BY
YEAR 2020
�35.000 commercial aircraft
�9 billion passengers
�~$300 billion investm
ent is needed
for Airport constructions, expansions
Solution
: Public Private Partnerships (PPPs)
Problem
: Inadequate Airport Infrastructure -
3
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AIR
PO
RT
S ...
AIR
PO
RT
S ...
Airports,
are the m
elting pots of
globalization where
travellers m
ultibusinesses
products and goods m
eet in
one place...
Airport operators have to
bring dynamic life to airports
which will help you to
become chosen by airlines
and passengers..
Airports are no longer sim
ply
infrastructure providers,they
are m
ulti-businesses,
facing commercial
disiplines,focusing on new
investm
ents and sustainable
growth...
4
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PP
Ps a
nd
Ke
y S
ucce
ss F
acto
rsP
PP
s a
nd
Ke
y S
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acto
rs
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uild
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ran
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pera
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ased
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inati
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uses”
�D
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Cla
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Valu
ati
on
Para
mete
rsV
alu
ati
on
Para
mete
rs
Re
ven
ues
1)
Aero
nau
tical R
even
ues
•P
ax F
ee
•L
an
din
g F
ee
•P
ark
ing
Fe
e
•L
igh
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BB
Fe
e
•C
he
ck i
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UT
E F
ee
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ecu
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Fe
e ...
. E
tc
•2)
No
n a
ero
nau
tical
Reven
ues (C
om
merc
ial)
•D
uty
Fre
e R
eve
nu
es
•F
&B
Re
ve
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ar-
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dvert
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rea a
llo
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tio
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even
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..etc
.
Op
ex
Th
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air
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ly s
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ries o
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r exp
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rmin
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or
for
refu
rbis
hm
en
t.
6
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1 -
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131v14
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Valu
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ult
iple
s
Sourc
e:
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om
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Conse
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nn
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Sourc
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15,8
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131v14
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Co
nce
ssio
n O
verv
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Co
nce
ssio
n O
verv
iew
Sourc
e:
Com
pan
y da
ta,
Note
s:
(1)
As o
f 30
Ju
ne
200
7
Typ
e /
exp
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Sco
pe
Co
ncessio
n
fee
200
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ax (
mp
pa)
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ax
Inte
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ax
do
mesti
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om
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21.2
US
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nb
ul
Ata
turk
BO
T(2
023)
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+ d
om
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5€15
€3
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kara
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sen
bo
ga
BO
T(2
015)
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mir
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dere
s
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T(2
027)
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om
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US
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US
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lum
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No
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m D
om
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5 In
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r 2007 +
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r 2006 +
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.a.
No
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V s
tak
e
100%
100%
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m
2010 t
o 2
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4.2
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5 in
2008
€9 in
2009
€8.2
5 in
2008
€9 in
2009
Mo
nasti
r&
En
fid
ha
No
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BO
T(2
027)
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om
--
US
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US
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mi
No
60%
8
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DO
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131v14
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TA
V A
irp
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s O
verv
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TA
V A
irp
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s O
verv
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O&
M, IT
an
d S
ecu
rity
�T
AV
O&
M (
10
0%
):
�C
om
merc
ial a
rea
allo
catio
ns
�C
IP / V
IP
�T
AV
IT
(9
6%
):
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irport
IT
serv
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�T
AV
Se
cu
rity
(6
7%
):
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ecurity
serv
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pro
vider
in
Ista
nbul,
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and Izm
ir
Air
po
rts
Du
ty F
ree
Fo
od
an
d
Be
vera
ge
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un
d
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nd
lin
gO
the
r
Tu
rke
y
�Is
tan
bul A
tatü
rk A
irp
ort
(1
00
%)
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nka
ra E
sen
bo
ğa
Air
po
rt
(10
0%
)
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mir
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na
n M
en
de
res
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rmin
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org
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bili
si I
nte
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tiona
l A
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an
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atu
mi
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po
rt(6
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Tu
nis
ia
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on
astir
and
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AT
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0%
)
�Larg
est duty
fre
e
opera
tor
in T
urk
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�P
art
ner
with
Un
ifre
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leadin
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erm
an tra
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alu
e)
BT
A (
67
%)
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utle
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ith a
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l seatin
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apacity
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Ista
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pera
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Hote
l
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akery
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y fa
cto
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urk
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raff
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arg
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r in
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urk
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pera
tes in
11
airport
s
in T
urk
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inclu
din
g
Ista
nbul,
Ankara
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mir
and A
nta
lya
““ Co
nn
ecti
vit
y i
s P
rod
ucti
vit
yC
on
necti
vit
y i
s P
rod
ucti
vit
y””
9
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131v14
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Ow
ners
hip
Str
uctu
reO
wn
ers
hip
Str
uctu
re
Fo
un
din
g s
ha
reh
old
ers
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Tepe
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urk
ish
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gra
ted
con
glo
me
rate
fo
cused
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infr
astr
uctu
re a
nd
co
nst
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pan
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ratin
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the
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reig
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rade
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l ga
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r
3.
Se
ra C
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In
du
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4.
Go
ldm
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chs (
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c 2
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5.
Bab
cock &
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wn
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fra
str
uctu
re f
und
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ec 2
00
6)
6.
Glo
bal In
vestm
en
t H
ouse
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wa
it b
ased
fund
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ug 2
006
)
7.
IDB
Infr
astr
uctu
re f
und –
Ba
hra
in b
ase
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riva
te
inve
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ffili
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d w
ith
the
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mic
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eve
lopm
en
t B
an
k (
Ap
r 2006
)
8.
Ku
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it In
vestm
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t A
uth
ority
9.
Fre
e F
loa
t
Cu
rre
nt
Sh
are
ho
lde
r S
tru
ctu
re
18.4
0%
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2%
5.0
0%
15.7
1%
18.8
6%
5.1
6%
3.1
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25.6
0%
1
2
3
4*
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7
9
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lde
rs
8
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1 -
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131v14
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Off
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mm
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#172
131v14
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Air
po
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laye
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eg
me
nta
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nA
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Air
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blis
hed
C
red
ibil
ity
Hig
hly
Lim
ited
Sig
nif
ican
t P
ote
nti
al
Fin
an
cia
l R
eso
urc
es
Source :Exambela Consulting / UK
Financial Institutions
Goldman Sachs,ABN Amro,
Deutche Bank,etc..
Van-
couver
Changi
Vienna Schiphol
Vinci
Alterra
ADP
Fraport
Macquarie
Airports
Ferrovial
Hoctief
nice
TAV
12
LO
DO
CS
1 -
#172
131v14
/12
TAV ISTANBUL
TAV ISTANBUL
TAV ISTANBUL
TAV ANATOLIA
TAV ANATOLIA
TAV ANATOLIA
TAV IZMIR
TAV IZMIR
TAV IZMIR
TAV GEORGIA,
TBILISI
TAV GEORGIA,
TAV GEORGIA,
TBILISI
TBILISI
BTA FOOD &
BEVARAGE
BTA FOOD &
BTA FOOD &
BEVARAGE
BEVARAGE
HAVAS GROUND
HANDLING
HAVAS GROUND
HAVAS GROUND
HANDLING
HANDLING
TAV SECURITY
TAV SECURITY
TAV SECURITY
TAV IT
TAV IT
TAV IT
TAV O&M
TAV O&M
TAV O&M
ATU DUTY FREE
ATU DUTY FREE
ATU DUTY FREE
TAV AIRPORTS
HOLDING
TAV
TAV AIRPORTS
AIRPORTS
HOLD
HOLDII NG
NG
TAV GEORGIA,
BATUMI
TAV GEORGIA,
TAV GEORGIA,
BATUMI
BATUMI
TAV TUNISIE,
MONASTIR
TAV TUNISIE,
TAV TUNISIE,
MONASTIR
MONASTIR
TAV TUNISIE,
ENFIDHA
TAV TUNISIE,
TAV TUNISIE,
ENFIDHA
ENFIDHA
TAV CONSTRUCTION
TAV
TAV CONSTRUCTION
CONSTRUCTION
TAV CAIRO
TAV CAIRO
TAV CAIRO
TAV QATAR
TAV QATAR
TAV QATAR
TAV ENFIDHA
TAV ENFIDHA
TAV ENFIDHA
TAV BATUMI
TAV BATUMI
TAV BATUMI
TAV DUBAI
TAV DUBAI
TAV DUBAI
“On
e S
top
Sh
op
So
luti
on
s ”
TAV LIBYA
TAV LIBYA
TAV LIBYA
11.000 EMPLOYEES
TAV AIRPORTS
11.000 EMPLOYEES
11.000 EMPLOYEES
TAV AIRPORTS
TAV AIRPORTS
6.000 EMPLOYESS
TAV CONSTRUCTION
6.000 EMPLOYESS
6.000 EMPLOYESS
TAV CONSTRUCTION
TAV CONSTRUCTION
TA
V T
UN
ISIA
SA
Op
era
tio
n o
f H
ab
ib
Bu
rgib
a
Inte
rna
tio
nal
Air
po
rt
Co
nstr
uc
tio
nan
d
Op
era
tio
n o
f th
e Z
ine
El
Ab
idin
eB
en
Ali
En
fid
ha
Inte
rna
tio
nal
Air
po
rt
Bo
th
co
ncessio
ns
are
fo
r p
eri
od
o
f 40 y
ears
b
eg
inn
ing
fr
om
th
e d
ate
o
f sig
nin
g
Th
e
co
ncessio
n
ag
reem
en
t is
b
ased
on
re
ven
ue
sh
ari
ng
an
d
investm
en
t fo
r th
e b
oth
air
po
rts
14
LO
DO
CS
1 -
#172
131v14
/14
Mis
sio
nT
o C
reate
th
e m
ost
ad
van
ced
air
po
rt in
th
e r
eg
ion
fro
m a
Gre
en
field
are
a t
o in
cre
ase p
assen
ger
nu
mb
ers
an
d s
erv
ice level fo
r air
lin
es, p
assen
gers
an
d e
mp
loye
es
wit
h t
he u
tmo
st
att
en
tio
n t
o t
he
en
vir
on
men
t an
d h
um
an
rig
hts
wh
ile g
en
era
tin
g d
irect
an
d a
dd
ed
valu
e t
o t
he T
un
isia
n E
co
no
my
Vis
ion
To
Gen
era
te t
he b
igg
est
Air
po
rt H
ub
in
th
e r
eg
ion
to
serv
e n
ot
on
ly f
or
Tu
nis
ia b
ut
all A
fric
a a
nd
S
ou
thern
Eu
rop
e b
y co
nn
ecti
ng
all C
on
tin
en
ts t
o E
nfi
dh
a w
ith
th
em
ost
ad
van
ced
avia
tio
n
sta
nd
ard
s a
nd
tech
no
log
y an
d m
ake t
he T
un
isia
on
e o
f th
e b
est
Med
iate
rran
ain
desti
nati
on
fo
r W
orl
dw
ide T
ravele
rs
TU
NIS
IA
15
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/15
�During the next plan (2007-2011), Tunisia's economy should witness an
annual growth rate of 6%, compared to 4,5% from 2001 to 2006.
�The 2007 Davos W
orld Economic Forum Report ranks Tunisia first in Africa
and second in the Arab W
orld after Dubai , in term
s of tourist and travel
competitiveness.
�The report, which is based on the basis of three m
ain criteria: business
environment, human and natural resources and the quality of political
reform
s undertaken, also writes that Tunisia ranks 34 th in the world
insofar as its travel and tourist competitiveness are concerned.Tunisia
comes ahead of Turkey (52 nd ), Thailand (43 rd ) and Morocco (57 th ).
�Tunisia 's which is also one of the m
ajor destinations in the world when it
comes to health and spa tourism, has recently launched in a significant
upgrading effort of its hotels and services. More than 6 m
illiontourists visit
the country each year, m
aking it one of the top Mediterranean
destinations.