MIA 2010-2011 REVENUE REVIEW Presented by: Miguel Southwell - - PowerPoint PPT Presentation

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MIA 2010-2011 REVENUE REVIEW Presented by: Miguel Southwell - - PowerPoint PPT Presentation

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MIA 2010-2011 REVENUE REVIEW Presented by: Miguel Southwell Aviation Deputy Director Business Retention & Development February 2012 0 Operating Revenue (In Millions) FY 2010 FY 2011 FY 11 Vs. FY 10 Aviation Fees $281 $321 $40 14%

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MIA 2010-2011 REVENUE REVIEW

Presented by:

Miguel Southwell

Aviation Deputy Director Business Retention & Development

February 2012

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1

Operating Revenue (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Aviation Fees $281 $321 $40 14%

Preliminary & Unaudited

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2

Operating Revenue (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Commercial Ops. $180 $223 $43 24%

Preliminary & Unaudited

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3

Operating Revenue (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Rental Revenue $101 $105 $4 4%

Preliminary & Unaudited

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4

Non-Terminal Rental Revenue (In Millions)

Preliminary & Unaudited FY 2011 Vs. FY 2010 MIA Non-Terminal Revenue

FY 2010 FY 2011 (Unaudited) Variances $ % Rentals Revenue Warehouses & Offices

$31.6 $33.70 $2.10 6.6%

Land (Ground & Pavement)

$15.1 $15.60 $0.50 3.3%

Total Rentals

$46.7 $49.30 $2.60 5.6%

Cargo Landing Fees Revenue Landing Fees

$13.0 $11.90 $ (1.10)

  • 8.5%

Total Rentals & LF Revenue

$59.7 $61.2 $1.5 10.4%

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5

Operating Revenue (In Millions)

Preliminary & Unaudited

FY 2010 FY 2011 FY 11 Vs. FY 10 Aviation Fees $281 $321 $40 14% Commercial Ops. $180 $223 $43 24% Rental Revenue $101 $105 $4 4% Operating Revenue $562 $649 $87 16%

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Commercial Operations (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Duty Free $14 $24 $10 66%

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FY 2011 Vs. FY 2010 Passenger Stats (In Millions)

INTERNATIONAL FY 2010 FY 2011 Variances Deplaned 8.4 9.1 0.7 8.3% Enplaned 8.2 8.9 0.7 8.5% Total Int’l PAX 16.6 18.0 1.4 8.4%

Preliminary

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DOMESTIC FY 2010 FY 2011 Variances Deplaned 9.2 9.8 0.6 6.5% Enplaned 9.2 9.8 0.6 6.5% Total Dom. PAX 18.4 19.6 1.2 6.5%

Preliminary

FY 2011 Vs. FY 2010 Passenger Stats (In Millions)

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COMBINED FY 2010 FY 2011 Variances Deplaned 17.6 18.9 1.3 7.4% Enplaned 17.4 18.7 1.3 7.5% Total PAX 35.0 37.6 2.6 7.4%

Preliminary

FY 2011 Vs. FY 2010 Passenger Stats (In Millions)

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Commercial Operations (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Food & Beverage $20 $22 $2 12%

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11

Commercial Operations (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Parking $38 $41 $3 8%

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Commercial Operations (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Rental Cars $29 $38 $9 31%

Preliminary & Unaudited

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Commercial Operations (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Retail / Merchandise $13 $17 $4 30%

Preliminary & Unaudited

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14

Commercial Operations (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Other $66 $81 $15 22%

Preliminary & Unaudited

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Commercial Operations (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Duty Free $38 $41 $3 8% Food & Beverage $20 $22 $2 12% Parking $38 $41 $3 8% Rental Cars $29 $38 $9 31% Retail / Merchandise $13 $17 $4 30% Other $66 $81 $15 22% TOTAL $180 $223 $43 24%

Preliminary & Unaudited

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Operating Revenue (In Millions)

FY 2010 FY 2011 FY 11 Vs. FY 10 Aviation Fees $281 $321 $40 14% Commercial Ops. $180 $223 $43 24% Rental Revenue $101 $105 $4 4% Operating Revenue $562 $649 $87 16%

Preliminary & Unaudited

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Non-Traditional Revenue Initiatives

  • Public Private Partnerships
  • Rock Mining
  • MIA Business Ventures (consulting)
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Source: IHS Global Insight, Airbus

1970 1990 2010 2030 2050

Air Travel Demand Capture

Advanced economies

  • 31 countries
  • 15% of world

population in 2010

  • 1 billion people in

2010

Other emerging economies

  • 50 countries
  • 27% of world

population in 2010

  • 1.9 billion people

in 2010

Developing economies

  • 119 countries
  • 16% of world

population in 2010

  • 1.1 billion people in

2010

BRIC economies

  • 4 countries
  • 42% of world

population in 2010

  • 2.9 billion people

in 2010

The percentage of the world population that has access to air travel is continually growing

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“Global middle class” expected to rise to 4.9 billion people by 2030

Source: Kharas and Gertz, Airbus

* Households with daily expenditures between $10 and $100 per person (at PPP)

Millions of people

664 703 680 338 333 322 525 1,740 3,228 181 251 313 105 165 234 107

1,000 2,000 3,000 4,000 5,000

2010 2020 2030

Sub Sahara Africa Middle East & North Africa Latin America Asia-Pacific North America Europe

66% of the global middle class will be in Asia-Pacific in 2030

% of world population

1,845 27% 6,900 3,249 43% 7,600 4,884 59% 8,300

World population

X 6 X 2.6

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1,000 2,000 3,000 4,000 5,000

Asia-Pacific Europe North America Middle East Latin America CIS Africa

Asia-Pacific to lead in world traffic by 2030

2010 traffic 2010-2030 traffic

28% 27% 27% 7% 5% 3% 3%

20-year world annual traffic growth

4.8%

5.7% 4.0% 3.3% 7.4% 6.1% 4.9% 5.6%

% of 2010 world RPK 20-year growth

33% 23% 20% 11% 6% 4% 3%

% of 2030 world RPK

World Traffic by airline domicile (RPK billions)

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Preliminary PPIP Projected Rental Revenue

Developer Acre Rate $/SF Rental Revenue to MDAD Total Rental Revenue to MDAD

Odebrecht $7,300,000 AEROTERM 37 1.55 $2,498,166 AVE LLC Aviation 131 .31 $1,768,972 Non-Aviation 43 .20 $ 374,616 $2,143,588 AA Aquisition Aviation 92 .31 $1,242,331 Non-Aviation 92 .20 $ 801,504 $2,043,835 Carrie Meek Foundation Aviation 99 .31 $1,336,856 Non-Aviation 24 .20 $ 209,088 $1,545,944 MEA 20 .20 $ 174,240 MDIA 43 1.91 $3,577,583 WMD 40 1.31 $2,282,544 TOTAL

$21,565,900

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Application of Revenues (For Fiscal Years Ending Sept. 30)

Estimated Forecast

$183,590 / 53% $35,347 / 18.5% $252,633 / 29% $192,209 / 41% $45,336 / 15.6% $252,633 / 29%

Variance

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Miami International Airport Central Terminal Redevelopment

Overview | January 2012

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The central terminal redevelopment plan presented herein is merely a “representative” concept, or prototype for modernizing the facilities and improving the functional characteristics of the central terminal.

Miami International Airport

CENTRAL TERMINAL REDEVELOPMENT PLAN

Miami International Airport | Central Terminal Redevelopment 24

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  • Aging facilities that are over 50 years old
  • Passenger processing characteristics are less efficient than those of the

newer North and South Terminal, and the maintenance and operating costs of the Central Terminal facilities will continue to increase because of their age.

  • Pier configuration of Concourses E, F, and G do not provide the adequate

separations needed to provide the efficient and unimpeded access between the airfield and the aircraft gates for these concourses.

  • Pier configuration of Concourses E, F, and G also lack the adequate apron

depth on many gates needed to accommodate newer generation aircraft (e.g. B737-700/800/900, B747-800, B787, A350, and A380).

Evidence of Need

Miami International Airport | Central Terminal Redevelopment 25

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EXISTING CONDITIONS

Miami International Airport | Central Terminal Redevelopment 26

The gates depicted on Concourse F represents a smaller fleet mix resulting in a higher number of gates. A larger fleet mix was used in the study for comparison purposes.

SOURCES: MIAMI-DADE AVIATION DEPARTMENT, MARCH 2010 (PARKING PLAN); MIAMI-DADE AVIATION DEPARTMENT, MARCH 2010 (2010 AERIAL); RICONDO & ASSOCIATES , INC., APRIL 2010.

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MIA Passenger Activity Projections

SOURCE: STRATEGIC AIRPORT MASTER PLANNING STUDY FOR MIAMI-DADE COUNTY AND SYSTEMS OF AIRPORTS, MARCH 2010.

Miami International Airport | Central Terminal Redevelopment 27

Why now?

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  • Improve aircraft circulation within and around the new gates, minimizing

single-taxilane access and providing bi-directional aircraft movements to the north and south airfields

  • Increase gate capacity (measured in the context of passenger volumes)

and flexibility for accommodating a mix of domestic and international activity.

  • Maximize the potential for post-security, non-aviation revenue-generating
  • pportunities.
  • Enhance the customer experience within the Central Terminal by providing

spacious and open areas; a diverse mix of retail and food offerings within a short walking distance; and ease of connectivity to the North and South Terminals, the Miami Intermodal Center Station, and other landside facilities.

  • Provide an efficient and spacious FIS Facility.

Central Terminal Modernization Goals

Collectively, the redevelopment of the Central Terminal area is driven by each of these equally important goals:

Miami International Airport | Central Terminal Redevelopment 28

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Alternatives Prepared in 2008

Miami International Airport | Central Terminal Redevelopment 29

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Central Terminal Redevelopment – Existing Conditions

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, OCTOBER 2008; RICONDO AND ASSOCIATES, OCTOBER 2008.

Miami International Airport | Central Terminal Redevelopment 30

1/ Excludes T-E Levels 4 - 10 (Comprising 87,598 s.f.). 2/ Seat Index Definition: 1.0 equals 285 seats.

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Central Terminal Redevelopment – Alternative 1

Miami International Airport | Central Terminal Redevelopment 31

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, OCTOBER 2008; RICONDO AND ASSOCIATES, OCTOBER 2008.

1/ Excludes T-E Levels 4 - 10 (Comprising 87,598 s.f.). 2/ Gross area represents building footprint times two levels plus a partial third-level mezzanine (mezzanine level comprises half the footprint area). 3/ Gross area represents building footprint times four levels. 4/ Seat Index Definition: 1.0 equals 285 seats.

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Central Terminal Redevelopment – Alternative 2

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, OCTOBER 2008; RICONDO AND ASSOCIATES, OCTOBER 2008.

Miami International Airport | Central Terminal Redevelopment 32

1/ Gross area represents building footprint times two levels plus a partial third-level mezzanine (mezzanine level comprises half the footprint area). 2/ Gross area represents building footprint times four levels. 3/ Seat Index Definition: 1.0 equals 285 seats.

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Central Terminal Redevelopment – Alternative 3A

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, OCTOBER 2008; RICONDO AND ASSOCIATES, OCTOBER 2008.

Miami International Airport | Central Terminal Redevelopment 33

1/ Gross area represents building footprint times two levels plus a partial third-level mezzanine (mezzanine level comprises half the footprint area). 2/ Gross area represents building footprint times four levels. 3/ Seat Index Definition: 1.0 equals 285 seats.

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Central Terminal Redevelopment – Alternative 3B

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, OCTOBER 2008; RICONDO AND ASSOCIATES, OCTOBER 2008.

Miami International Airport | Central Terminal Redevelopment 34

1/ Gross area represents building footprint times two levels plus a partial third-level mezzanine (mezzanine level comprises half the footprint area). 2/ Gross area represents building footprint times four levels. 3/ Seat Index Definition: 1.0 equals 285 seats.

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Central Terminal Redevelopment – Alternative 3C

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, OCTOBER 2008; RICONDO AND ASSOCIATES, OCTOBER 2008.

Miami International Airport | Central Terminal Redevelopment 35

1/ Gross area represents building footprint times two levels plus a partial third-level mezzanine (mezzanine level comprises half the footprint area). 2/ Gross area represents building footprint times four levels. 3/ Seat Index Definition: 1.0 equals 285 seats.

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Central Terminal Redevelopment – Alternative 4

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, OCTOBER 2008; RICONDO AND ASSOCIATES, OCTOBER 2008.

Miami International Airport | Central Terminal Redevelopment 36

1/ Gross area represents building footprint times two levels plus a partial third-level mezzanine (mezzanine level comprises half the footprint area). 2/ Gross area represents building footprint times four levels. 3/ Seat Index Definition: 1.0 equals 285 seats.

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Alternative Further Refined in 2010

Miami International Airport | Central Terminal Redevelopment 37

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SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010; RICONDO & ASSOCIATES, INC., JUNE 2010.

Central Terminal Redevelopment – Representative Plan

Miami International Airport | Central Terminal Redevelopment 38

New Midfield Concourses bounded by a dual taxilane system to the North and East Typical Airplane Design Group V Parking Positions (e.g. A350; B787) Up to three (3) A380 positions adjacent to Landside Terminal Passenger Conveyance Tunnel Redeveloped Central Terminal Building (Landside Terminal)

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SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010; RICONDO & ASSOCIATES, INC., JUNE 2010.

Central Terminal Redevelopment – Concept Characteristics

Miami International Airport | Central Terminal Redevelopment 39 250’ 250’ 300’ 240’ 250’

B737-800 A350-800 A380-800 B787-8

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SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010

LANDSIDE TERMINAL SECTION

Miami International Airport | Central Terminal Redevelopment 40

Up to 9 levels of vertical development could be created in the Landside Terminal Building (existing airspace limits development to 160 feet)

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Short walking distances and easy access to boarding gates.

Miami International Airport | Central Terminal Redevelopment 41

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Vertical development

  • pportunities for

commercial and retail development unlike that seen at any other U.S. airport

Miami International Airport | Central Terminal Redevelopment 42

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Vertical clearances similar to what has been created in the South Terminal would be adopted for the Central Terminal

Miami International Airport | Central Terminal Redevelopment 43

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Clear line of sight and easy access between the commercial/retail levels and the passenger processing levels are envisions for this modernization concept

Miami International Airport | Central Terminal Redevelopment 44

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Midfield Airside Concourse as viewed from the intersection of Runway 12-30 and Runway 9-27

Miami International Airport | Central Terminal Redevelopment 45

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Preliminary Phasing Plans

Miami International Airport | Central Terminal Redevelopment 46

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Central Terminal Redevelopment – Phase 0 (Existing Conditions)

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 47

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Central Terminal Redevelopment – Phase 1A

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 48

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Central Terminal Redevelopment – Phase 1B

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 49

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Central Terminal Redevelopment – Phase 2

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 50

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Central Terminal Redevelopment – Phase 3

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 51

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Central Terminal Redevelopment – Phase 4

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 52

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Central Terminal Redevelopment – Phase 5

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 53

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Central Terminal Redevelopment – Phase 6

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 54

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Central Terminal Redevelopment – Phase 7

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 55

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Central Terminal Redevelopment – Phase 8

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 56

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Central Terminal Redevelopment – Phase 9

SOURCES : MIAMI-DADE AVIATION DEPARTMENT, JUNE 2010; RODRIGUEZ AND QUIROGA ARCHITECTS CHARTERED, JUNE 2010.

Miami International Airport | Central Terminal Redevelopment 57

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  • Undertake preliminary programming for the representative concept
  • Prepare an implementation sequencing scheme for the program that balances
  • perational needs with construction phasing efficiencies
  • Establish the affordable program budget
  • Scale the program, or phase the program to meet the budget yet provide the

desired benefits and achieve the established goals for the modernization of the Central Terminal

Next Steps

Miami International Airport | Central Terminal Redevelopment 58

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THE END