Presentation to Airport Consultative Committee March 8, 2016 Photo - PowerPoint PPT Presentation

Presentation to Airport Consultative Committee March 8, 2016 Photo credit: Scott Rose

Financial Summary  Operating and Capital Budgets achieved and financial performance improving each year for 5 consecutive years  Non-aviation revenue as a percentage of operating revenue is the highest in the country (67%)  Airline operating costs lowest quartile in Canada  Debt to be fully retired Q1 2017 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Markets Served Fort St. John Prince ( one-stop via YVR ) George Edmonton Tofino Abbotsford Nanaimo Vancouver Calgary Saskatoon Victoria Kelowna (one-stop via YYC) Seattle Winnipeg (one-stop via YYC) Ottawa ( one-stop via YYZ ) Toronto San Francisco Las Vegas Phoenix Honolulu Los Cabos Year Round Cancun Seasonal Puerto V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T Vallarta New

Annual Passenger Seats 2,400,000 0.6% 9.1% 2,300,000 2,200,000 1.9% 2,100,000 (1.9%) 2,000,000 1,900,000 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Proximity to Hubs  YVR  80 flights/day USA  18 flights/day Asia  11 flights/day Europe  3 flights/day South Pacific  SeaTac  Fastest growing airport in the United States  42 million passengers (twice the volume of YVR)  Delta and Alaska Airlines 300 flights/day  YYC  WestJet’s hub  $2 billion expansion  3 rd largest airport in Canada V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Annual Passenger Traffic 1,750,000 3.6% 6.0% 1,650,000 3.4% 1,550,000 0.4% 1,450,000 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

2015 Passenger Traffic Statistics Record Number of Passengers: 1,710,825 Domestic 1,414,788 Transborder 273,335 International 22,720 3.6% increase over 2014 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Pacific Coastal Airlines New non-stop service to Prince George and Kelowna Photo credit: Pacific Coastal Airlines V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

WestJet Encore From 2 to 14 Flights A Day Photo credit: WestJet V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Airline Financial Performance Net Profit Carrier 2014 2015 USD $2,882 million USD $7,610 million USD $659 million USD $4,526 million USD $1,966 million USD $4,478 million CAD $531 million CAD $1,222 million CAD $317 million CAD $367.5 million V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Canada Jetlines Photo credit: Canada Jetlines V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

New Leaf Photo credit: New Leaf Travel / CBC News V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Delta Air Lines New Non-stop Service to Seattle - April 4, 2016 Photo credit: Delta Air Lines V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Delta Route Maps Canada and United States Seattle V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Planning For Growth V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Overlay of Runway 09-27 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Terminal Improvements Circulation Core V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T VICTORIA INTERNATIONAL AIRPORT

Terminal Improvements Circulation Core V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Terminal Improvements Spinnakers On The Fly V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T VICTORIA INTERNATIONAL AIRPORT

Terminal Improvements Pre-Board Screening Improvements V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Terminal Improvements Expanded Rotating Art Program V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Terminal Improvements Upper Passenger Departure Lounge V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Terminal Improvements Arrivals Rotunda V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Congested Lower Holdroom V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Congested Apron V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Phase 1 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Phase 2 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Expansion of Lower Holdroom V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Phase 3 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Phase 4 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Phase 5 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

All Phases V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Baggage Screening Improvements Temporary Baggage Facility V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Baggage Screening Improvements Temporary Baggage Facility V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Baggage Screening Improvements Temporary Baggage Facility V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Non-Passenger Vehicle Screening V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Average Capital additions (millions) $25.0 $20.0 $15.0 $10.0 $5.0 $- 2011 - 2015 2016 - 2020 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Revenue Sources Aviation , 22% AIF, 35% Non-Aviation, 43% V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Domestic Turnaround Fees for a 737 By Airport $2,500 2,324 $2,000 1,505 $1,500 1,389 1,237 1,149 962 948 $1,000 724 704 $500 $0 QUEBEC WINNIPEG HALIFAX VANCOUVER OTTAWA REGINA SASKATOON VICTORIA KELOWNA CITY V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Airport Improvement Fee Comparison NAS Airports $35 $35 $30 $30 $25 $25 $20 $20 $15 $15 $10 $10 $5 $5 $- $- V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

New Advertising Concession Pattison Outdoor V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

New WiFi Provider Telus Complimentary wireless internet service throughout the terminal V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Land Development V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Hospital Hill Monument Illarian Gallant Artist’s Rendering V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Jubilee Park Lease to District of North Saanich V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Development Opportunity Beacon Avenue / Highway 17 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Development Opportunity Beacon Avenue / Highway 17 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Town of Sidney Zoning Official Community Plan (OCP) V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Town of Sidney Zoning Bylaw 2015 V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Area of ALR Exclusion Granted

ALR and Non-ALR Land

Proposed Sidney Gateway Project V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T

Next Steps • The VAA has plans to allow for a developer to lease the land and propose a commercial development to the Town of Sidney, which will require an amendment to the OCP and Zoning Bylaw. • The current draft concept shared recently with the public is conceptually in line with the current Town of Sidney COM-3 OCP designation. The only reason for an amendment to the OCP is not to change the current OCP, but to simply extend it in size to accommodate the usable land. • The developer is committed to public consultation and engaging the community in this process and intends to do so now that the ALR issue has been resolved. • The Ministry of Transportation and Infrastructure will rule on the development and roadways given the proximity to Highway 17. V I C T O T O R I A I N T E R T E R N A T I T I O N A L A I R P O R T