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AIRPoRT PERFoRMANCE BeNChMARK The use of performance measures in the airport industry is important because of the specific characteristics of airports. Under the Malaysia Airports’ Group, Malaysia Airports (Sepang) Sdn. Bhd. manages the KL International Airport (KLIA) in Sepang which include the main terminal & Low Cost Carrier Terminal while Malaysia Airports Sdn. Bhd. manages 4 international airports, 16 domestic airports and 18 Short Take-Off Landing ports. Performance indicators generally involve a comparison between some measure of input and output. The relationship between output and the amount of input required to be utilised will be useful when incorporated into performance ratios. Performance indicators are more practical to be used to monitor the performance of airports over time or in relation to budget and to compare their performance with other airports. Inter-airport comparisons tend to be more difficult because of comparability problems. There are difficulties in making such comparisons on a level playing field. Among others, this is due to: – Differences in activities performed, especially with respect to aeronautical and commercial services; – Level of government involvement in relation to economic and social objectives; – Traffic mix with respect to international, domestic and general aviation operations; – Airports cost structure with respect to fixed and variable cost; – Accounting practices; – Forms of ownership and management; – Difference in development financing. The International Civil Aviation Organisation (ICAO) produces annual airport financial statistics but the number of airports providing such information is incomplete while the financial information on airports is not current and limited. In addition, airport operators which are listed, the available data from published accounts is for the whole Group, for example, operator Malaysia Airports Holdings Berhad, and not just Kuala Lumpur International Airport on its own but inclusive of other airports managed and subsidiaries undertaking airport related activities. Other organisations and publications which have done airport benchmarking include Jacobs Consulting, Airports Council International, Skytrax and Air Transport Research Society. Figures from Jacobs Consulting suggest that Kuala Lumpur International Airport and Malaysia Airports compare favourably in terms of both charges and efficiency when compared to their peers. Kuala Lumpur International Airport had lower charges in 2008 than Bangkok, Hong Kong, Singapore and Japan’s Osaka Kansai. Cost (SDRs) 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Osaka Kansai Int’l Airport Charges Bangkok Suvarnabhumi Int’l Singapore Changi Airport 024 Hong Kong Int’l Annual Report 2008 Kuala Lumpur Source: Jacobs Consulting Note: Cost measured for a turnaround by eight different aircraft types. SDR = special drawing rights. SDRs are used to account for currency differences
On a cost per passenger basis, MAHB was the lowest despite the disadvantage where Malaysia Airports also operates small domestic airports. MAHB also scored well on a staff cost per passenger. Total cost per passenger (SDRs) Staff cost per passenger (SDRs) 10 9 8 7 6 5 4 3 2 1 0 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 Hong Kong Int’l Hong Kong Int’l Source: Jacobs Consulting Airport Performance Singapore Changi Singapore Changi Airport Airport Airports of Thailand Airports of Thailand Malaysia Airports Malaysia Airports On the passenger traffic side, preliminary traffic data released by Airports Council International provides optimism for KLIA, which registered one of the highest growth in the region in 2008. KLIA grew by 4.1% year-on-year while most of the larger competing airports in the region grew at a lower rate. The traffic performance of the related airports is as follows: Airport 2008 % Change Hong Kong International Airport (HKG) 47.9 million 1.8 Suvarnabhumi Airport Bangkok (BKK) 38.6 million 6.3 Changi Airport Singapore (SIN) 37.69 million 2.7 Ninoy Aquino International Airport Manila (MNL) 21.95 million 7.3 Soekarno Hatta International Airport Jakarta (CGK) 32.17 million 0.6 Incheon International Airport Seoul (ICN) 30.17 million 4.0 KL International Airport (KUL) 27.53 million 4.1 Source: ACI (preliminary) 025 Malaysia Airports Holdings Berhad
Page 1 and 2: MeetingtheChallenge A N N U A L R E
Page 3 and 4: Corporate Framework 128 Corporate P
Page 5 and 6: Meeting the Challenge Competition i
Page 7 and 8: At the AGM, the Board is recommendi
Page 10 and 11: NOtICe OF 10TH ANNUAl gENERAl MEETI
Page 12 and 13: NOTICE OF 10TH ANNUAL GENERAL MEETI
Page 14 and 15: LOCAtION OF the AgM VENUE LOCATION
Page 16 and 17: LOCATION OF THE AGM VENUE Name Dato
Page 18 and 19: LOCATION OF THE AGM VENUE Name Dato
Page 20 and 21: KeY FINANCIAl HIgHlIgHTS CONSOLIDAT
Page 22 and 23: gRoUP FINANCIAl PeRFORMANCe ReVIeW
Page 24 and 25: GROUP FINANCIAL PERFORMANCE REVIEW
Page 28 and 29: DIVIDEND PolICy Malaysia Airports H
Page 30 and 31: SIMPLIFIed GROUP bAlANCE SHEETS 13.
Page 32 and 33: GROUP 5-YEAR SUMMARY 5-yEAR SUMMARy
Page 34 and 35: SHARE PRICE AND VOLUME TRADED SHARE
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Page 39 and 40: CHAIRMAN’S STATEMENT Dear Shareho
Page 41 and 42: EBITDA for FY2008 increased by 7.18
Page 43 and 44: In line with the restructuring plan
Page 45 and 46: forum, bringing the largest network
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Page 53 and 54: CONSOLIDATING OUR STRENGTHS The Gro
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MANAGING DIREcToR’S REvIEW oF opE
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meeting the challenge the challenge
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(From Right to Left): TAN SRI DATUK
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Dato’ Seri Bashir Ahmad Bin Abdul
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Group Senior ManaGeMent DATO’ SER
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Group Senior ManaGeMent retail Bank
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Group Senior ManaGeMent IR. SURADIN
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Group Senior ManaGeMent IR. KHAIRIA
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Corporate profile KL INTERNATIONAL
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Corporate proFiLe Malaysia Airports
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Group Corporate StruCture MALAYSIA
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MAHB organiSation StruCture interna
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CALENDAr oF eVentS 2008 8 JANUARY 2
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CaLenDar oF eVentS 2008 4 FEBRUARY
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CaLenDar oF eVentS 2008 3 APRIL 200
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CaLenDar oF eVentS 2008 6 JUNE 2008
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CaLenDar oF eVentS 2008 17 JULY 200
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CaLenDar oF eVentS 2008 12-14 OCTOB
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CaLenDar oF eVentS 2008 31 OCTOBER
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CaLenDar oF eVentS 2008 2 DECEMBER
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01 04 03 02 07 06 153 Malaysia Airp
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155 Malaysia Airports Holdings Berh
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STATEMENT oF Corporate goVernanCe A
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StateMent oF Corporate GoVernanCe a
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StateMent oF Corporate GoVernanCe t
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StateMent oF Corporate GoVernanCe c
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StateMent oF Corporate GoVernanCe c
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StateMent oF Corporate GoVernanCe a
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StateMent oF Corporate GoVernanCe B
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StateMent oF Corporate GoVernanCe 5
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StateMent oF Corporate GoVernanCe A
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StateMent oF Corporate GoVernanCe o
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StateMent oF Corporate GoVernanCe m
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StateMent oF Corporate GoVernanCe B
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StateMent oF Corporate GoVernanCe D
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iSK ManaGeMent 2. ERM Organisationa
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iSK ManaGeMent once the plans were
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BoarD auDit CoMMittee report • re
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terMS oF reFerenCe MaHB BoarD auDit
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STATEMENT oN internal Control The B
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StateMent on internaL ControL • D
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StateMent on internaL ControL Manag
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MAHB 2008 FINANCIAL STATEMENTS 208
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RESuLTS (Cont’d.) 209 Malaysia Ai
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NOMINATION AND REMuNERATION COMMITT
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OTHER STATuTORY INFORMATION (Cont
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INDEPENDENT AuDITORS’ REPORT to t
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INCOME STATEMENTS for the year ende
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LIABILITIES Note 2008 RM’000 219
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STATEMENT OF CHANGES IN EQuITy for
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2008 RM’000 223 Group Company Res
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NOTES TO THE FINANCIAL STATEMENTS 3
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2. SIGNIFICANT ACCOuNTING POLICIES
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5. EMPLOYEE BENEFITS ExPENSE 2008 R
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8. DIRECTORS’ REMuNERATION 2008 R
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9. INCOME TAx ExPENSE 2008 RM’000
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9. INCOME TAx ExPENSE (Cont’d.) T
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11. EARNINGS PER SHARE (a) Basic 25
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13. PROPERTY, PLANT AND EquIPMENT P
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13. PROPERTY, PLANT AND EquIPMENT (
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14. PLANTATION DEVELOPMENT ExPENDIT
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17. INVESTMENT IN SuBSIDIARIES (Con
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17. INVESTMENT IN SuBSIDIARIES (Con
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18. INVESTMENT IN ASSOCIATES (Cont
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19. OTHER INVESTMENTS (Cont’d.) M
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20. TRADE AND OTHER RECEIVABLES (Co
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22. DEFERRED TAx (ASSETS)/LIABILITI
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22. DEFERRED TAx (ASSETS)/LIABILITI
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24. CASH AND CASH EquIVALENTS 2008
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26. RETAINED EARNINGS (Cont’d.) 2
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27. RETIREMENT BENEFITS (Cont’d.)
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30. BORROwINGS (Cont’d.) 2008 RM
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32. TRADE AND OTHER PAYABLES (Cont
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32. TRADE AND OTHER PAYABLES (Cont
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34. OPERATING LEASE ARRANGEMENTS 28
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35. COMMITMENTS (Cont’d.) 31 Dece
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35. COMMITMENTS (Cont’d.) 289 Mal
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38. COMPARATIVES 291 Malaysia Airpo
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39. SIGNIFICANT SuBSEquENT EVENTS (
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40. FINANCIAL INSTRuMENTS (b) Inter
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40. FINANCIAL INSTRuMENTS (Cont’d
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41. SEGMENT INFORMATION (a) Reporti
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41. SEGMENT INFORMATION (Cont’d.)
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41. SEGMENT INFORMATION (Cont’d.)
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international PeninsulAR MAlAysiA K
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PASSENGER MOVEMENTS 2008 AiRPORTs D
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PASSENGER MOVEMENTS (1999-2008) AiR
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KL INTERNATIONAL AIRPORT PASSENGER
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nORTh eAsT AsiA Arrival Departure T
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Arrival Departure Total Malaysia Ai
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KL INTERNATIONAL AIRPORT PASSENGER
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LANGKAWI INTERNATIONAL PASSENGER MO
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cOMMERcIAl AIRcRAfT MOVEMENTS 2008
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cOMMERcIAl AIRcRAfT MOVEMENTS (1999
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KL INTERNATIONAL AIRPORT COMMERCIAL
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cARGO MOVEMENTS 2008 AiRPORTs DOMes
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cARGO MOVEMENTS (1999-2008) AiRPORT
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KL INTERNATIONAL AIRPORT cARGO MOVE
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(kg) Arrival Departure Total Malays
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AiRlines wiTh MORe ThAn 1% inTeRnAT
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KOTA KINABALU INTERNATIONAL CARGO M
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MAIL MOVEMENTS AT MAHB AIRPORTS 200
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MAIL MOVEMENTS AT MAHB AIRPORTS (19
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INTERNATIONAl MAIl MOVEMENTS BY SEc
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MOVEMENTS AT MAHB STOlports IN SABA
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DEfINITIONS 1. FliGhT, inTeRnATiOnA
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AnAlysis OF shARehOlDinGs (Cont’d
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SHAREHOlDERS AND INVESTORS INfORMAT
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Registered Owner and location Malay
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MAb AGRiCulTuRe-hORTiCulTuRe sDn. b
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AIRPORTS IN MAlAYSIA kl inTeRnATiOn
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PROXY fORM Malaysia Airports holdin
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