FINANCIAL HIGHLIGHTS
- Group revenue stood at RM4,652.3 million, 11.5% higher than FY16
- EBITDA for the Group increased by 11.8% to RM1,910.9 million
- Group net earnings grew 224.0% to RM237.1 million
- Passenger traffic for the Group’s network of airports grew by 7.8% to 127.9 million passengers
- Malaysia Airports Board of Directors recommends a final dividend of 7 sen per share for FY17
- Launch of the Digital Free Trade Zone a game changer for KLIA Aeropolis
- Tourism Malaysia partnership strengthened to court more international tourists arrivals
Both the Group’s revenue and EBITDA increased by 11.5% and 11.8% respectively when compared to the financial year ended 31 December 2016 (FY16). The Group surpassed its headline financial Key Performance Indicators for FY17 of RM1,796.6 million by 6.4%.
The Group’s profit before tax (PBT) grew by 82.4% to RM334.5 million while net earnings increased by 224.0% to RM237.1 million over the same period. With the combined operating performance of Istanbul Sabiha Gokcen International Airport (SGIA), the Group’s network of airports handled 127.9 million passengers in FY17, representing a 7.8% growth over FY16.
The Board of Directors recommends a final dividend of 8 sen per share for FY17. Together with the earlier interim dividend of 5 sen per share, the total dividend for the year is 13 sen per share (FY16: 10 sen per share).
OPTIMAL OPERATIONS FOR 2017
Passenger traffic for Malaysia operations grew by 8.5% to 96.5 million passengers in FY17, surpassing the 90 million passengers mark for the first time. Kuala Lumpur International Airport (KLIA) recorded an 11.2% growth in passenger traffic to 58.5 million passengers for the same period while other airports in Malaysia recorded an aggregate growth of 4.6% to 38.0 million passengers. Malaysia Airports reached another milestone when its international passenger market share in Malaysia exceeded 50% of overall traffic in FY17.
The Group’s Malaysia operations posted revenue of RM3,429.1 million in FY17, up by 10.6% over FY16. Revenue from both aeronautical and non-aeronautical segments grew by 8.0% and 13.4% respectively. The improvement in aeronautical revenue is mainly attributable to the 14.1% rise in overall international passenger traffic. Retail and commercial revenue continue to achieve a double-digit growth of 15.4% and 11.3% to RM853.7 million and RM734.6 million respectively. Owing to the stronger revenue contributions, EBITDA for Malaysia operations rose by 11.6% to RM1,116.1 million.
Istanbul SGIA recorded 31.3 million passengers in FY17, an improvement of 5.6% over FY16. Revenue from Turkey operations for the same period rose by 13.2% to RM1,085.7 million while EBITDA for the period amounted to RM780.9 million or 8.6% higher than FY16. Revenue from the Group’s project and repair maintenance operations in Doha, Qatar increased by 19.9% to RM137.5 million in FY17.
2018 OUTLOOK FOR MALAYSIA AIRPORTS
International passenger movements for the China, India and South East Asia sectors are expected to make up 75% of international traffic in 2018. Based on prevailing economic conditions and additional seat capacity offered by airlines, Malaysia passenger traffic is expected to grow by 6.3% in 2018 with international and domestic passenger traffic growing at 8.3% and 4.2% respectively.
Meanwhile, Istanbul SGIA is expected to register 34 million passenger movements in 2018 in line with the stable economic growth in Turkey.
