1. Brazil’s Investment Plan in Logistics (PIL): 2nd Round
AIRPORTS
INVESTMENTS & BUSINESS OPORTUNITIES
AIRPORTS CONCESSIONS
New York 29 June, 2015
2. – BRAZILIAN CIVIL AVIATION –
INSTITUTIONAL FRAMEWORK
PRESIDENCY
CIVIL AVIATION SECRETARIAT
MIN. OF DEFENCE
INFRAERO ANAC
Independent Agency
Public Policy and Planning
Government Coordination
Airport Grants Plan
Manager of Brazilian Civil Aviation Fund (FNAC).
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Public Airport
Operator
• Tecnichal and
Economic Regulation
Supervision
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Military Aviation
Air Navigation
Services Provider
and Regulator
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•
4. – BRAZILIAN’S AIR SECTOR –
PERFORMANCE
Flights x Population
Year 1995 2014
USA 2,00 2,35
BRA 0,12 0,54
World Rank
(Total Passengers)
Year 1995 2014
USA 1º 1º
BRA 13º 6º
(Total Passengers/Population)
5. – BRAZILIAN’S AIR SECTOR –
GROWTH POTENTIAL
BRAZIL USA
Population 200 million 315 million
Total area 8.5 million km² 9.3 million km²
Aircraft 460 5,190
Cities served 106 390
Pax per year 113 million 740 million
BRAZIL USA
6. – EVOLUTION OF –
DOMESTIC AIRFARES
Source: ANAC
2002-2014*:
52% reduction in domestic airfares
(US$)
Exchange rate PTAX (jan/2015)
R$ 2,69 = 1,00 US$
210,44
102,04
0,3357
0,1071
0,00
0,05
0,10
0,15
0,20
0,25
0,30
0,35
0,40
0,00
50,00
100,00
150,00
200,00
250,00
Real average domestic airfare
Yield real average domestic airfare
8. Fast-growing air transport demand
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Dynamic and competitive sector.
Leading drivers: higher income and lower air ticket prices
Air transport demand will keep growing
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Brazilian air transport is still expanding and all forecasts points at this direction
6% expected annual growth for the next 20 years
Infrastructure supply doesn’t match demand evolution
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Infraero faces severe constraints as a public enterprise
Main airports already present operational bottlenecks
Few airlines in activity, especially in the regional market
– OVERVIEW OF –
AIR TRANSPORT IN BRAZIL
10. – PREVIOUS AIRPORT CONCESSIONS –
GREAT RESULTS
Natal
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5 different consortiums
14 players in the auctions
Players from France, South Africa, Switzerland,
Germany, Singapore, Spain, Argentina, USA, England…
Winning bids (combined): US$ 15.2 billion
Average Premium: 300%
Concession Lengths: 20 – 30 years.
Estimated Total Investments: US$ 8.67 billion
Over US$ 3 billions invested so far
Expected growth: 80 million (2011) – 270 million (2032)
Brasília
Guarulhos
Viracopos
Galeão
Confins
11. – PREVIOUS AIRPORT CONCESSIONS –
GREAT RESULTS
Natal
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•
•
•
•
Huge improvement in infrastructure
capacity
Increased service quality
Happy passengers
Growing traffic
Upside in commercial revenues
Brasília
Guarulhos
Viracopos
Galeão
Confins
12. – AIRPORT CONCESSIONS –
FIRST RESULTS
Guarulhos/SP International Airport – new passenger terminal
Capacity to receive 12 million
passengers per year
13. – AIRPORT CONCESSIONS –
FIRST RESULTS
Guarulhos/SP International Airport – new passenger terminal
Area of 192,000 m²
14. – AIRPORT CONCESSIONS –
FIRST RESULTS
Viracopos/SP International Airport – new boarding bridges
28 boarding bridges and
7 remote stations
15. – AIRPORT CONCESSIONS –
FIRST RESULTS
Viracopos/SP International Airport – new boarding bridges
1,795% increase in the number of international
passengers in the first 4 months of 2015 compared to 2014.
16. – AIRPORT CONCESSIONS –
FIRST RESULTS
Brasília/DF International Airport – new pier and boarding bridges
Total area of the Terminal:
from 60 000 m² to 110,000 m²
17. – AIRPORT CONCESSIONS –
FIRST RESULTS
Brasília/DF International Airport – new pier and boarding bridges
From 13 to 29 boarding bridges
18. – AIRPORT CONCESSIONS –
FIRST RESULTS
New Natal/RN (São Gonçalo do Amarante) International Airport – passengers terminal
Capacity to process up to
8 million passengers per year
20. FEDERAL AIRPORT CONCESSIONS
BASIC CONCEPTS
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Improve infrastructure capacity and quality
Required service level (IATA Level C)
Competition and benchmarking in airport operation
OBJECT
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BOT – Build, Operate and Transfer
ATC is not included
REVENUES
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Aero → regulated
Non-aero → not regulated
CAPEX • Based on demand triggers and
with initial investment obligations
21. REGULATORY ISSUES
CHARGES
DOM + INT
Non cost-based model:
BASIC RULES
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Price-cap model
Annually adjusted by CPI
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Boarding fee
Connecting fee
Landing and Parking fees
Cargo and Storage fees
CONCESSION FEES
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Fixed fee (result of the bidding process)
Percentage fee: share of the gross revenue annually paid to the Government
BIDDING PROCESS
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The Auction takes place at BOVESPA (São Paulo’s Stock Exchange)
Winner is the defined by the highest economic proposal
22. – INTERNATIONAL AIRPORT–
SALVADOR
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8th busiest airport in the country and the
first in the Northeast Region
Passengers Processed / Projected: 2014: 9.2
million/2044: 28 million
Preliminary Investment forecast: R$ 3 billion
(US$ 1 billion)*
*Considering Exchange Rate: 1,00 US$ = R$ 3,00
23. – INTERNATIONAL AIRPORT–
SALVADOR
Total Passengers
Passenger Profile - 2014
International
Domestic
x 1,000 Pax
311
9,152
HISTORICAL: 9.27% p.y.
PROJECTED: 3.93% p.y.
28.21 (2044)
9.15 (2014)
-
5
10
15
20
25
30
Millions
24. – INTERNATIONAL AIRPORT–
PORTO ALEGRE
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9th busiest Airport of the country and the
first in the South Region
Passengers Processed / Projected: 2014: 8.4
million/2044: 27 million
Preliminary investment forecast: R$ 2.5
billion (US$ 833 million)*
*Considering Exchange Rate: 1,00 US$ = R$ 3,00
25. – INTERNATIONAL AIRPORT–
PORTO ALEGRE
Total Passengers
Passenger Profile - 2014
International
Domestic
x 1,000 Pax
614
7,833
HISTORICAL: 10.2% p.y.
PROJECTED: 4.01% p.y.
27.45 (2044)
8.45 (2014)
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5
10
15
20
25
30
Millions
26. – INTERNATIONAL AIRPORT–
FLORIANÓPOLIS
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14th busiest Airport of the country and the
third in the South Region
Passengers Processed / Projected: 2014: 3.6
million/2044: 11.6 million
Preliminary investment forecast: R$ 1.1
billion (US$ 367 million)*
*Considering Exchange Rate: 1,00 US$ = R$ 3,00
27. – INTERNATIONAL AIRPORT–
FLORIANÓPOLIS
Total Passengers
Passenger Profile - 2014
International
Domestic
x 1,000 Pax
173
3,460
HISTORICAL: 9.92% p.y.
PROJECTED: 3.95% p.y.
11.6 (2044)
3.6 (2014)
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7
14
Millions
28. – INTERNATIONAL AIRPORT–
FORTALEZA
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12th busiest Airport of the country and the
3rd in the Northeast Region
Passengers Processed / Projected: 2014: 6.5
Millions/2044: 21.8 Millions
Preliminary investment forecast : R$ 1.8
billion (US$ 600 millions)
*Considering Exchange Rate: 1,00 US$ = R$ 3,00
29. – INTERNATIONAL AIRPORT–
FORTALEZA
Total Passengers
Passenger Profile - 2014
International
Domestic
x 1,000 Pax
242
6.260
HISTORICAL: 12% p.y.
PROJECTED: 4.11% p.y.
21.8 (2044)
6.6 (2014)
-
Millions
5
10
15
20
25
30. – CONCESSIONS –
DATA ROOM
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Engineering plants, projects and studies;
Information about the airports IT systems;
Pictures and maps of the airports sites;
Current Master Plan;
Commercial and administrative contracts;
Information on human resources;
Operational and financial data;
Information on environmental requirements;
Information about judicial and administratives process underway;
Existing infrastructure.
From July 15th 2015,
SAC will provide for the
general public
information and data on
the airports of
Florianópolis, Fortaleza,
Salvador and Porto
Alegre.
Information will be available in SAC’s website: www.aviacaocivil.gov.br
31. – TIMETABLE–
SCHEDULE
PROCESSS DAYS START END
Execution / selection
of Feasibility Studies
140 06/10/2015 10/28/2015
Approval in Brazilian’s
Auditing Court
45 10/28/2015 12/12/2015
Public Hearing 65 12/12/2015 02/15/2016
Approval of the final
version of the bidding
documents
30 02/15/2016 03/16/2016
Auction 47 03/16/2016 05/03/2016
TOTAL 327
32. Brazil’s Investment Plan in Logistics (PIL): 2nd Round
AIRPORTS
INVESTMENTS & BUSINESS OPORTUNITIES
AIRPORTS CONCESSIONS
concessoes2015@aviacaocivil.gov.br
www.aviacaocivil.gov.br