TAV AIRPORTS

55
84,1
Havaş Ground Handling (65%)
� Total revenue of Havas increased by 30% in 2010
� Operating at 22 airports in Turkey
� Havaş has been chosen by THY as partner in the TGS Ground
Handling Services Inc. which commenced its operations as of 01
January, 2010
� Havaş purchased 50% shares of North Hub Services (Havas
Europe) on 12 April, 2010
99,5
108,1
Financial Data
(€ m) 2006 2007 2008 2009 2010 Change
Total Revenues 99.5 108.1 120.6 125.9 163.5 30%
EBITDA 11.1 20.3 28.1 24.2 25.5 6%
EBITDA Margin 11.2% 18.7% 23.3% 19.2% 15.6% -
# Aircrafts handled
(‘000)
Figures imply 100% of Havas
Revenue (€m) Aircrafts Handled (‘000)
120,6
125,9
163,5
2005 2006 2007 2008 2009 2010
134
122.7 139.3 158.6 182.7 242.7 33%
TGS Only HAVAŞ Only HAVAŞ + TGS
%21
161
FY10 FY11
109
%7
116
FY10 FY11
243
%14
278
FY10 FY11