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BACK APAC ANNUAL REPORT 2012 NEXT About APAC Australia Pacific Airports Corporation Limited (APAC) operates two key Australian aviation assets, Melbourne Airport and Launceston Airport. APAC acquired the lease for Melbourne Airport in July 1997. The Launceston Airport lease was acquired shortly after (May 1998) in partnership with the Launceston City Council. Both airports are operated under a 50 year long-term lease from the Federal Government, with an option for a further 49 years. APAC has demonstrated consistent growth since its inception in 1997. Strong management and diverse revenue streams continue to enable APAC to capitalise on opportunities and deliver aviation excellence. Ownership APAC is a privately held corporation owned by institutional investors, predominantly superannuation/pension funds, managed or represented by the following five entities: AMP 28.54% IFM Investors 23.67% Deutsche Australia Ltd 19.97% Future Fund 19.12% Hastings Funds Management 8.70% PURPOSE To responsibly develop a growing and profitable airport group in the Asia Pacific region. OBJECTIVE To be the most successful airport group in the Asia Pacific region. CoNTENTS 4 Highlights 2013 6 Chairman’s Message 7 CEO’s Message 8 Board of Directors 10 Executive leadership team 12 Growing the Business 16 Service 18 Our Reputation 22 Our Team 24 Results Summary 25 Financial Statements AUSTRALIA PACIFIC AIRPORTS CORPORATION ANNUAL REPORT 2013 Australia Pacific Airports Corporation Ltd ABN 89 069 775 266 3