BOARD PRESENTATION MARCH 1, 2016

Transcription

1 BOARD PRESENTATION MARCH 1, 2016

2 FLL in Perspective Yesterday, Today, Tomorrow

3 Where it all began Circa 1928

4 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, Broward County assumed control from U.S. Navy name changed to BC Intl. Airport 1948 Mackey Airlines 1 st scheduled service st international service at FLL - Nassau Total passenger traffic 41,

5 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, Eastern, Delta, National arrived Name changed to FLL Original Terminal Opened Total passenger traffic 134,773...tripled in one year

6 FLL Events Timeline 30,000,000 25,000, ,000,000 15,000,000 Total passenger traffic exceeded 1,000,000 10,000,000 5,000,

7 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000, Project 80 s $263M - Terminal 4 First arrival of the Concorde at FLL 10,000, M 5,000,

8 FLL Events Timeline 30,000,000 25,000, ,000,000 15,000,000 10,000,000 Total passenger traffic exceeded 10,000,000 Air Jamaica arrived 5,000,

9 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, Southwest arrived with 3 daily departures to MCO Presently FLL s 2 nd largest carrier with 18.2% of the passengers 11.2M 60 daily departures to 39 destinations

10 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, Spirit moved its offices from DTW and became FLL s Hometown Airline Currently FLL s 3 rd largest carrier with 17.7% of the passengers 13.9M 50 daily departures to 43 destinations

11 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000, Hibiscus Garage opened 1999 Terminal 1opened ,000,000 Total passenger traffic reached 15,000,000 5,000,

12 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, JetBlue arrived - two daily flights to JFK Presently FLL s largest carrier with 24.2% of the passengers 15M FLL is JetBlue s 3 rd largest market 85 daily departures to 41 destinations

13 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000, Avianca arrived Concourse B opened 2003 Spirit and AA began int l operations Total passenger traffic exceeded 20 million Rental Car Center opened

14 FLL Events Timeline 30,000,000 25,000,000 20,000, Virgin America arrived with service to SFO and LAX 21.1M 15,000,000 Condor arrived from FRA 10,000,000 Caribbean arrived with service to POS 5,000,

15 FLL Events Timeline 30,000,000 25,000,000 20,000, M Alaska Airlines moved from MIA to FLL 15,000,000 10,000,000 5,000,000 0 Norwegian Air Shuttle arrived B-787 Dreamliner with service to Oslo, Stockholm, and Copenhagen

16 FLL Events Timeline 30,000,000 25,000,000 20,000, M Copa, Tame, Azul, and Volaris arrived 15,000,000 10,000,000 Norwegian began London service on July 4 th South Runway opened 5,000,

17 FLL Events Timeline 30,000,000 25,000,000 20,000,000 15,000,000 10,000, Dynamic Airways arrived with service to Caracas, Venezuela Concourse G opened in July Total passenger traffic reaches 26.9 million! 5,000,

18 FLL in Perspective Today

19 FLL was the 2 nd fastest growing large hub airport from % 120% 100% 80% 60% 40% 20% 0%

20 Airport Comparison FLL was the 21 st largest airport in 2015, total traffic was 26,941,511, up 9.3% International traffic was up 18.0% Domestic up 7.3% Airport (US Ranking) 2014 Total Passengers Atlanta (1) 96,178,899 New York JFK (6) 53,254,533 Miami (12) 40,941,879 Orlando (15) 35,714,091 Washington DCA (27) 20,784,384

21 Recent/Future New Service JetBlue Mexico City in Oct Baltimore, Charleston, Philadelphia, and Providenciales, Turks and Caicos Islands, in Nov Albany in Dec Quito, Ecuador in Feb Barbados in April 2016 Nashville and Aguadilla (PR) in May 2016 San Diego in June 2016 Dynamic Caracas, Venezuela in July 2015 Allegiant Portsmouth, NH; Akron, OH; and Rochester in Oct San Antonio in Nov Grand Rapids, MI in Dec (seasonal) Southwest Minneapolis in Jan Nassau, Bahamas, in June 2016 Spirit Philadelphia in April 2016 Norwegian Paris in July 2016

22 Where we fly Daily Departures Domestic Destinations International Destinations

23 Outlook for 2016 Based on published airline schedules and historical data, we estimate an average growth rate of 9.3% for the first six months of At a modest growth rate of 5% for the remainder of the year, FLL could reach 29 million total passengers in 2016!

24 Current FAA Terminal Area Forecasts (TAF) 20,000,000 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000, % 4.2% 2.4% Enplaned Passengers (% Growth) 3.7% 4.2% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%

25 Master Plan Passenger Forecasts (Preliminary) Based on TAF projections, 2025 passenger demand will be 30% greater than in Preliminary master plan forecasts project 2025 passenger demand will be 36 to 58% greater than in Passenger traffic is projected to increase between 3.4% to 4.7% annually and reach 36.7 to 41.9 million by International passenger traffic is projected to increase at greater rates than domestic traffic. Master Plan forecasts balance airline growth potential with local market demand. Annual Total Passenger (millions) m (actual) 41.9m 36.7m 34.1m FISCAL YEARS Sources: Historical Data, Broward County Aviation Department, December 2015; Terminal Area Forecasts, Federal Aviation Administration, December 2015; Preliminary Master Plan Baseline and Accelerated Forecasts, Ricondo & Associates, Inc., February 2016.

26 FLL in Perspective The FLL of Tomorrow

27 How will FLL meet future demands? Need to expand and modernize terminals Need to expand Federal Inspection Station (FIS) facilities Need for additional gates Need for relocation of parking lots

28 Terminal 1/Concourse A T1 New Concourse A (mid 2017)

29 FLORIDA Terminal 1/Concourse A

30 Fort Lauderdale Hollywood International Airport Terminal 2 Modernization Terminal 2 Modernization

31 Fort Terminal Lauderdale Hollywood 2 Modernization International Airport Terminal 2 Departures Concourse Level, Concessions Court

32 Fort Terminal Lauderdale Hollywood 3 Modernization International Airport Terminal 3 T3

33 Fort Terminal Lauderdale Hollywood 3 Ticket International Lobby Airport Terminal 3 Terrazzo Floor Project Before After

34 FLORIDA Fort Lauderdale Hollywood International Airport Terminal 3 Terrazzo Floor Project Terminal 3 Terrazzo Floor

35 Fort Lauderdale Terminal Hollywood 4 Expansion International Airport 4 Expansion Update T4

36 Fort Lauderdale Hollywood International Airport Terminal 4 Expansion Update FLL Terminal 4 Expansion Western Portion 6 total gates 5 opened and 1 to open in early 2018 Federal Inspection Services Facility Expansion (late 2017) New hall and initial processing facility by May 2017 Eastern Portion 8 total gates 6 to open in May to open in Spring 2018 Apron (Nov 2017) Checked Baggage Inspection System (late 2016) Provide efficient screening of checked baggage Provide new drainage and aircraft parking/movement areas

37 Terminal 4 FIS Expansion T

38 Terminal 4 FIS Expansion T

39 Terminal Improvements and Capacity Based on an airport - wide average gate utilization, FLL s additional gate capacity will be needed, based on the preliminary master plan forecasts, between 2020 and 2023 Demand for domestic gates will continue. International gate demand will reach current capacity more quickly. Master plan will define the location and configuration for future gate expansion. Current capital program will yield approximately 66 gates on or near Concourse E Concourse F T3 Concourse G T4 Concourse D Concourse H T2 T4 Expansion Concourse C Concourse B Concourse A T1 Existing Terminal Facilities Ongoing Terminal Improvements Environmental Impact Statement reflects gate capacity expansion up to 79 gates. Sources: Broward County Aviation Department, December 2015; Ricondo & Associates, Inc., February 2016.

40 Proposed Terminal 3 and Terminal 4 expansion

41 Financials / Enplanements Current Analysis Actual Budget Feasibility Study Revenue ($ Million): Airline Revenue $49.1 $54.4 $77.2 $55.8 $108.4 $96.6 Rental Cars Parking Concessions G.A. & FBO's Non-airline Terminal Rent Other Total Revenue $185.8 $195.2 $230.7 $214.0 $295.1 $312.8 Enplanements (Millions) Actual Budget Feasibility Study Domestic International Total Enplanements

42 Revenue Profile Actual Budget Feasibility Study Enplanements (Millions) Cost Per Enplanement $4.16 $4.52 $5.84 $4.05 $6.99 $5.65 Non-Airline Revenue ($ Millions) $136.7 $140.8 $153.5 $158.2 $186.7 $216.2 Non-Airline Revenue Per Enplanement $11.59 $11.71 $11.62 $11.46 $12.05 $12.64 Percent of Total Revenue 74% 72% 67% 74% 63% 69%

43 Signatory Airlines and Share of Passengers 2015 Allegiant 1.5% Virgin America 1.2% Silver 1.2% All Others 7.1% Air Canada 2.7% JetBlue 22.4% United 5.9% American 9.9% Delta 12.2% Southwest 17.4% Spirit 18.5%

44 Parking Revenue / Relocation of Employee Parking Parking Revenue (Millions) Actual Budget Feasibility Study $40.8 $41.8 $44.2 $47.1 $56.1 $66.6 Average peak employee occupancy in the Cypress Garage exceeds capacity November - 107% December - 106% January - 108% Relocate parking for non-based flight crews to Economy Parking Lot by May 2016 Relocate parking for all remaining employees to Economy Parking Lot by July 2016 Relocate Economy Parking to Cypress Garage by July 2016

45 Future Board Actions Terminal 1- Change Order for baggage system crossover, and terrazzo flooring Terminal 2- Amend Delta Signatory TBLA for extension and construction Terminal 3- Amend jetblue Signatory TBLA for baggage system and ticket counters Terminal 4- FIS early work, foundations, utilities, steel, contract amendment (incentives)

46 Future Board Actions Terminal 4- Checked baggage inspection system (CBIS) Architectural design RFP for additional gates Reorganization of Parking Lots

47 Thunderbird #8 departing FLL on Where Friday, it February all 12, began 2016