December 27, 2014 4:13 PM ET

Transportation Infrastructure

Company Overview of Southern Cross Airports Corporation Holdings Ltd.

Company Overview

Southern Cross Airports Corporation Limited, together with its subsidiaries, engages in the provision and management of airport facilities at Sydney (Kingsford Smith) airport in Australia. The company provides aeronautical services, such as aircraft runway movement, services for arriving and departing passengers, time based aircraft parking, and exclusive first right use of gates. It also provides aeronautical security recovery services, including checked bag screening, passenger screening, counter terrorist first response, and additional security measures. In addition, the company rents retail space for the sale of duty free, food and beverage, and other retail products; and provides financ...

Central Terrace Building

10 Arrivals Court

Sydney International Airport

Sydney, NSW 2020

Australia

Key Executives for Southern Cross Airports Corporation Holdings Ltd.

Executive Chairman
Age: 71
Chief Financial Officer
General Counsel and Company Secretary
Financial Controller
General Manager of Airport Operations
Compensation as of Fiscal Year 2014.

Southern Cross Airports Corporation Holdings Ltd. Key Developments

Southern Cross Airports Corporation Holdings Ltd. Reports Consolidated and Company Earnings Results for the Year Ended December 31, 2013

Southern Cross Airports Corporation Holdings Ltd. reported consolidated and company earnings results for the year ended December 31, 2013. For the year, the company reported total revenue of AUD 1,114.6 million compared to AUD 1,039.7 million for the same period a year ago. EBITDA was AUD 910.3 million compared to AUD 848 million for the same period a year ago. EBIT was AUD 682.3 million compared to AUD 620.2 million for the same period a year ago. Loss before income tax expense was of AUD 54.7 million compared to AUD 97.9 million for the same period a year ago. Net profit attributable to owners of the company was of AUD 5.3 million compared to loss of AUD 80.3 million for the same period a year ago. Net cash flows provided by operating activities were of AUD 511.9 million compared to AUD 468.4 million for the same period a year ago. Acquisition of property, plant and equipment was of AUD 226.5 million compared to AUD 202.7 million for the same period a year ago. On company basis, the company reported EBITDA of AUD 3,012 million, EBIT of AUD 3,012 million. Profit before income tax expense was of AUD 3,884.9 million compared to AUD 762 million for the same period a year ago. Net profit attributable to owners of the company was of AUD 3,577.8 million compared to AUD 531.7 million for the same period a year ago. Net cash flows provided by operating activities were of AUD 472.5 million compared to AUD 1,049.3 million for the same period a year ago.

Southern Cross Airports Corporation Holdings Ltd. Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2013

Southern Cross Airports Corporation Holdings Ltd. reported unaudited consolidated earnings results for the half year ended June 30, 2013. For the period, the company reported total revenue of AUD 537.9 million compared to AUD 503.6 million a year ago. Earnings before depreciation and amortisation, finance costs and income tax (EBITDA) were AUD 436.9 million compared to AUD 411.1 million a year ago. Earnings before finance costs and income tax (EBIT) were AUD 322.7 million compared to AUD 299.1 million a year ago. Net loss attributable to owners of the company was AUD 31.8 million compared to AUD 48.0 million a year ago. Loss before income tax expense was AUD 37.1 million compared to AUD 61.0 million a year ago. Net cash flows provided by operating activities was AUD 230.2 million compared to AUD 204.0 million a year ago. Acquisition of property, plant and equipment was AUD 100.0 million compared to AUD 107.5 million a year ago.

Southern Cross Airports Corporation Holdings Ltd. Reports Audited Consolidated and Company Earnings Results for the Year Ended December 31, 2012

Southern Cross Airports Corporation Holdings Ltd. reported audited consolidated and company earnings results for the year ended December 31, 2012. For the year, the consolidated company reported total revenue of AUD 1,039.7 million against AUD 972.8 million a year ago. EBITDA was AUD 848.0 million against AUD 789.8 million a year ago. EBIT was AUD 620.2 million against AUD 558.7 million a year ago. Net loss for the year attributable to owners of the company was AUD 80.3 million against AUD 121.4 million a year ago. Net cash flows provided by operating activities were AUD 468.4 million against AUD 416.0 million a year ago. Acquisition of property, plant and equipment was AUD 202.7 million against AUD 166.0 million a year ago. Net debt was AUD 6.104 million against AUD 5.871 million a year ago. Cash flow available to shareholders was AUD 474 million against AUD 366 million a year ago. For the year, the company reported net profit for the year attributable to owners of the company was AUD 531.7 million against AUD 490.6 million a year ago. Net cash flows provided by operating activities were AUD 1,049.3 million against AUD 1,041.6 million a year ago.

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