International Development

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Alvin Lester
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1 AENA INTERNACIONAL DESARROLLO S,A Aena Internacional conducts its activity as a leading Spanish company in the management of aeronautical facilities for a total of 28 airports, located throughout Latin America (Mexico, Colombia, Cuba and Bolivia), the European Union (the United Kingdom and Sweden) and the United States. With a diversity of forms of ownership in its subsidiaries, from the concession of airport facilities or contracts for the management of terminals or services, to the ownership of assets, the common denominator of Aena Internacional s contribution is the transfer of knowledge as a generator of value through the direct involvement of its executive officers in management and by providing quality technical aeronautical assistance services. The latter, whether as an operating partner in some cases, or a mere service provider in others, are materialized through projects in which the primary values are safety, efficiency and respect for the environment, the pillars upholding our management, which is recognized and highly esteemed by our partners, customers and related institutions. In 2009, as a consequence of the global financial crisis and its repercussions in the transport industry, the level of activity of Aena Internacional subsidiaries was lower than that of 2008 because of the decline in passengers recorded mainly in Mexico and in the entirety of airports that make up TBI, Nevertheless, Aena Internacional was able to conclude the year with a good performance yield, especially owing to the implementation of efficient cost control strategies and prudent investment in its subsidiaries. Worthy of note in the aeronautical services area is the consolidation of the Galileo project office and full operation of the in-flight verification unit that has satisfactorily rendered the services of verifying the radio-aids of the Aena network throughout the year. «The airports of Grupo Aeroportuario del Pacífico have certificates for accessibility, environmental compliance and quality,» Lastly, the renewal of the ISO certification for the activities we conduct is an endorsement of our efforts for continual improvement and, for our customers, it is a guarantee of our commitment to quality. AIRPORT SERVICES Mexico Grupo Aeroportuario del Pacífico Grupo Aeroportuario del Pacífico (GAP) comprises 12 airports located in the Pacific region of Mexico, notably those serving major cities such as Guadalajara and Tijuana and those situated in four of Mexico s most popular tourist destinations: Puerto Vallarta, Los Cabos, La Paz and Manzanillo, The other six airports serve cities such as Hermosillo, Bajio, Morelia, Aguascalientes, Mexicali and Los Mochis. The airports are located in 9 of Mexico s 32 states, Five of them largely cater to the capitals of these states, covering a territory extending over 566,000

With a diversity of forms of ownership in its subsidiaries, from the concession of airport facilities or contracts for the management of terminals or services, to the ownership of assets, the common

2 square kilometres, with a population of approximately 26 million inhabitants, All the airports are designated as international and six of them are among Mexico s top ten. The GAP airports have ISO 9001:2000 accessibility, environmental compliance and quality certificates. Aena Internacional s 17,3% share of capital, and technical assistance contract, as an operating partner, is carried out through the company Aeropuertos Mexicanos del Pacífico (AMP), which in turn is GAP s strategic partner. GAP is listed on the Mexican and New York stock exchanges and it is the largest private airport group in America. Airport Activity The group s activity in 2009 involved a total of 19,2 million passengers, which represents a 13,3% decline with respect to This slowdown in airport activity in 2009 was primarily a consequence of the difficult worldwide economic scenario, which had especially significant ramifications within the industry in Mexico and the United States (its main market abroad), the reorganization of the low-cost market and the definitive closure of several airlines. «The Mexican authorities approval of the Master Plan provides a stable framework for management,» Operational activity decreased by 12,92%, in line with the drop in traffic, totalling 405,007 operations. As regards air cargo, which reached a total figure of 126,278 tons, the recession of the economy of the United States was also felt since it is Mexico s principal market. The main actions were related to the execution of the corresponding master plans for development, and additional investment plans, making for an investment of more than 420 million Mexican pesos in projects including the construction of private aviation terminals in Guadalajara and San Jose del Cabo. It is also important to highlight the accomplishment of attaining the approval of the Mexican authorities of the Master Plan (drawn up by Aena for the 12 airports of the group) and the associated investments and fee regulation, which secures a stable framework for management over the next five years. Colombia Cartagena de Indias Airport Aena Internacional is operating partner and shareholder with a 38% stake in the company that manages Cartagena de Indias Airport, Sociedad Aeroportuaria de la Costa (Sacsa). «The In-flight Verification Unit performed 151 calibrations in 2009,» The management undertaken during 2009 has led to a 7,3% growth in international passenger traffic, compared to 2008, as a result of the implementation of a wise marketing policy in seeking new routes and new operators; and a 19,42% growth in domestic traffic, basically brought about by the appearance of low-cost airlines. 256 Annual report 2009

Aena Internacional s 17,3% share of capital, and technical assistance contract, as an operating partner, is carried out through the company Aeropuertos Mexicanos del Pacífico (AMP), which in turn is

3 Barranquilla Airport Aena Internacional is operating partner and shareholder with a 40% stake in the management company Aeropuerto de Barranquilla, Aeropuertos del Caribe S,A, (Acsa). Passenger traffic in 2009 grew by 8,34% boosted by the 14,8% increase in domestic traffic following the introduction of low-cost airlines. The increase in domestic traffic attenuated the decrease in international traffic resulting from the worldwide financial crisis, Nonetheless, as of the second quarter of 2009 signs of recovery could be observed in the establishment of new international routes. Cali Airport The management of Cali Airport is carried out through the company Aerocali, S,A,, in which Aena Internacional has a 33% holding. The year 2009 ended with significant increases in traffic, both that of domestic passengers, with a 12,7% increase, and that of international passengers, which rose by 3,36%. The efforts made to improve business income, in addition to the sensible measures taken to curb costs, notably improved the year s results. TBI Through its 10% holding in Airport Concessions & Development Limited (ACDL), Aena Internacional owns TBI plc,, a British company that, through ownership or concession, operates the airports of Luton, Belfast and Cardiff in the United Kingdom; Orlando Sanford in the U,S,A,; La Paz, Santa Cruz and Cochabamba in Bolivia, and Skavsta in Sweden, TBI also has different operating and management contracts at airports in the United States (Atlanta, Burbank and Macon). The impact of the worldwide financial crisis has resulted in a 7,7% decrease in passenger traffic, mainly caused by the sharp decline in passengers at the airports of the United Kingdom, However, the strategy of curbing costs and investments has served to mitigate the impact in the year-end result. Cuba In 2009 Aena Internacional signed a new contract with Empresa Cubana de Aeropuertos y Servicios Aeronáuticos for consulting and training for the operation of Ecasa airports. With this new contract the business relations with Ecasa (the Cuban airports administrator and operator) are continued and expanded. AERONAUTICAL SERVICES In-flight verification unit This year the activity conducted by Aena Internacional s In-flight Verification Unit (UVV) was firmly established. The UVV reached its maximum performance, carrying out periodic, special and entry into service verifications of all types of radio-aids and manoeuvres including those affecting high density TMA, such as Madrid and Barcelona. All told, there were 622 hours of flight, during which 151 calibrations were performed. Galileo In 2008 Aena Internacional was designated by its parent company Aena to create the Galileo Unit in charge of developing the future Galileo Control Centre and the future Safety of Life Centre in Spain. Annual report

The increase in domestic traffic attenuated the decrease in international traffic resulting from the worldwide financial crisis, Nonetheless, as of the second quarter of 2009 signs of recovery could

4 During the year 2009 the Galileo Unit was established and the Ministry of Public Works and Transport continued to be supported in its aim to achieve the foundation in Spain of the two fundamental Galileo facilities, the third Galileo Control Centre and the Safety of Life Centre, which allow maximizing Spain s presence in the Galileo project in the long term, COMPANY STAKES HELD BY AENA INTERNATIONAL 33,33% 10% 16,67% ACDL Other 100% 17,3% ECASA Guadalajara Tijuana Puerto Vallarta San José del Cabo Hermosillo Bajío Morelia La Paz Mexicali Aguas Calientes Manzanillo Los Mochis London-Luton Cardiff Belfast Stockholm-Skavsta La Paz Cochabamba Santa Cruz Cayo Coco 40% 37,89% 33,34% Orlando-Sanford Raleigh-Durham Macon Atlanta Burbank Barranquilla Cartagena de Indias Cali 258 Annual report 2009

INTERNATIONAL 33,33% 10% 16,67% ACDL Other 100% 17,3% ECASA Guadalajara Tijuana Puerto Vallarta San José del Cabo Hermosillo Bajío Morelia La Paz Mexicali Aguas Calientes Manzanillo Los Mochis

6 In 2009 Aena airports handled over 187 million passengers

Aena Internacional is a shareholder in Grupo Aeroportuario del Pacífico (GAP), which operates 12 airports in Mexico.

Aena Internacional is a shareholder in Grupo Aeroportuario del Pacífico (GAP), which operates 12 airports in Mexico. General Information International Development 72 Annual Report 2006 Aena Internacional