1. Presentation to parliamentary portfolio committee
May 2017

2. Contents 3 13 16 18 24 29 OVERVIEW GOVERNANCE ECONOMIC REGULATION
FINANCIAL PLAN 24
FUNDING PLAN 29
KEY TAKEOUTS

3. Overview

4. footprint 19 374 329 284 285 2 841 GHANA INDIA BRAZIL SOUTH AFRICA
KOTOKA INTERNATIONAL AIRPORT IN ACCRA
(Technical advisory and consulting services)
INDIA
CHHATRAPATI SHIVAJI INTERNATIONAL AIRPORT IN MUMBAI
(Equity investment)
BRAZIL
GUARULHOS INTERNATIONAL AIRPORT IN SÃO PAOLO
(Equity investment)
SOUTH AFRICA
TOTAL ANNUAL DEPARTING PASSENGERS
AIRCRAFT LANDINGS
TOTAL PERMANENT EMPLOYEES
2 841

5. Vision 2025 RUN AIRPORTS DEVELOP AIRPORTS GROW OUR FOOTPRINT
To be the most sought-after partner in the world for the provision of sustainable airport management solutions by 2025
RUN AIRPORTS
DEVELOP AIRPORTS
GROW OUR
FOOTPRINT

6. Sustainability framework
People and Society
Broad-based social inclusion and deracialisation of the economy
Business
Economic Growth
Environment
Environmental Sustainability

7. Five building blocks for success2
BUSINESS DIGITISATION 1 3
OUR GOVERNANCE FRAMEWORK AND OPERATING MODEL
ENVIRONMENTAL SUSTAINABILITY FRAMEWORK
ECONOMIC TRANSFORMATION FRAMEWORK
SUPPLY CHAIN MANAGEMENT EVOLUTION 4 5

8. DoT Key areas of service delivery Key Performance Indicator
Key performance indicators
DoT Key areas of service delivery
Strategic Objective
Key Performance Indicator
FY 2018
FY 2019
FY2020
Efficient and integrated infrastructure network and operations
Create value for our shareholders
Deliver return on equity (ROE) (Group)
4.2%
5.1%
6.8%
Transport sector that is safe and secure.
Improved public transport services
Increase our reputation through demonstrated business excellence
Improve reputation index measure
≥ 59
≥ 60
≥ 65
Increase stakeholder satisfaction through effective partnership
Assessment of our airport operations services and interactions rendered by our airport operations and commercial stakeholders
3.7
3.8
4.0
Question to CEO: Please take us through the company’s highlights for the year ended March 2015?

9. DoT Key areas of service delivery Key Performance Indicator
Key performance indicators
DoT Key areas of service delivery
Strategic Objective
Key Performance Indicator
FY 2018
FY 2019
FY2020
Transport sector that is safe and secure.
Improved public transport services
Improve the passenger experience through demonstrated operational excellence.
Assess passenger customer service
At least 7 airports to achieve the ranking as per their size category:
Ranking per size category:
15-25 MAP
Top 20
5-15 MAP: Top 25
2-5 MAP:
0-2 MAP:
Top 35
At least 8 airports to achieve the ranking as per their size category:
5-15 MAP:
Top 25
Top 30
All airports in Top 25 in their size category globally
Question to CEO: Please take us through the company’s highlights for the year ended March 2015?

10. DoT Key areas of service delivery Key Performance Indicator
Key performance indicators
DoT Key areas of service delivery
Strategic Objective
Key Performance Indicator
FY 2018
FY 2019
FY2020
Efficient and integrated infrastructure network and operations
Contribute to increase traffic through the airports we operate
Increase O.R. Tambo International Airport connectivity index.
O.R. Tambo Airport score 50
52.5 60
Diversify the business portfolio
Generate realised non-core income
R58.8 million
R64.5 million
R76.5 million
Enhance non-aeronautical revenue as a percentage of total revenue
50%
49%
48%
Maintain and improve our contribution to broad based black economic empowerment
Achieve B-BBEE Level
Level 3
Level 2
Level 1
Support black business entrepreneur-ship
Grow % black business share of operational and developmental spend
51%
55%
Grow % black business share of commercial revenue generated
Question to CEO: Please take us through the company’s highlights for the year ended March 2015?

11. DoT Key areas of service delivery Key Performance Indicator
Key performance indicators
DoT Key areas of service delivery
Strategic Objective
Key Performance Indicator
FY 2018
FY 2019
FY2020
Increased contribution to job creation
Promote regional integration and localisation of our airports
Create job opportunities
22 414
32 894
36 264
Efficient and integrated infrastructure network and operations
Achieve a demo- graphically representative company workforce
Promote employment equity
92.4%
92.5%
Foster a positive employee workforce and environment
Employee satisfaction survey
3.8
3.9
4.0
Leadership culture index
≥ 65%
≥ 70%
≥ 75%
Provide equitable access to safe airports in all SA regions to allow more people to fly
Participation in Non ACSA Airports in South Africa
40 advisory service man days provided to non-ACSA airports in SA
50 advisory service man days provided to non-ACSA airports in SA
Support services rendered to 4 non-ACSA airports in SA
Question to CEO: Please take us through the company’s highlights for the year ended March 2015?

12. DoT Key areas of service delivery Key Performance Indicator
Key performance indicators
DoT Key areas of service delivery
Strategic Objective
Key Performance Indicator
FY 2018
FY 2019
FY2020
Improved rural access, infrastructure and mobility
Improve connectivity to the regions we serve
Grow regional airport departing capacity
Increase regional airport departing capacity by 5%
Increase regional airport departing capacity by 7.5%
Increased contribution of transport to environmental protection
Reduce our environ- mental impact
Establish an ACI Carbon Accreditation Level
Attain ACI Level 1 Mapping certification for DUR & PLZ
Attain ACI Level 2 Reduction certification for at least one airport
Attain ACI Level 2 Reduction certification for at least three airports
Question to CEO: Please take us through the company’s highlights for the year ended March 2015?

13. Governance

14. Governance structure * Executive Director ACSA Board
Audit & Risk Committee
Chief Audit Executive
Board Investment Committee
Executive Committee
Chief Financial Officer*
Chief Executive Officer*
Chief Strategy and Performance Officer
Chief Financial Officer
Chief of Staff
Group Manager Transformation
Company Secretary
Remuneration and Nominations Committee
Social & Ethics Committee
Board Regulation Committee
Chief Operating Officer
Group Executive Business Development
Group Executive Human Resources
Group Executive Corporate Affairs
Group Executive Governance and Assurance
Group Executive Airports Management
Group Executive Infrastructure Asset Mngt
Group Executive Technical Services and Solutions
Chief Information Officer
General Manager O.R. Tambo International Airport
General Manager Cape Town International Airport
General Manager King Shaka International Airport
General Manager Regional Airports
* Executive Director

15. Board of entities
1.The Board has a board charter which is due for review in June 2017
2.The Company has a Shareholders Compact which is concluded with the
major shareholder on an annual basis. (copy attached)
3.The Board conducted a Board Evaluation (2016) the report of which was
submitted to the shareholder. (copy attached)

16. Economic regulation

17. ECONOMIC REGULATION 2015/16 2016/17 2017/18 2018/19 2019/20
2015/16
2016/17
2017/18
2018/19
2019/20
Permission Application
-7.50%
0.0%
Corporate Plan
-35.5%
5.8%
7.4%
ECONOMIC REGULATORY REVIEW
Limited progress made since the publication of the Draft Amendment Bill
Amendment to primary legislation to introduce a merit-based appeals mechanism was not finalised in time for the 2015/16 to 2019/20 Permission
Pre-funding remains absent from the funding model
FINAL PERMISSION DECISION 2016 – 2020
Question to the CEO: Can you update us on the 2016 to 2020 Permission application process?
Agreements with the Economic Regulator
To be resolved
Sharing of proceeds of a land sale transaction
Explicit disallowance of projects
Smoothing of revenue over permission period
Direct adjustment to OPEX forecast
Reasonable efficiency factors
Ring-fencing of share investments

18. FINANCIAL PLAN

19. KEY FINANCIAL HIGHLIGHTS – 2015/16Fy
6.8%
REVENUE
R8.3BN (2015: R7.8BN)
4.9%
TOTAL ASSETS
R29.9BN (2015: R28.5BN)
7.1%
EBITDA
R5.2BN (2015: R4.8BN)
TOTAL LIABILITIES
R12.7BN (2015: R13.7BN)
59.0%
CAPITAL EXPENDITURE
R1.3BN (2015: R830M)
20.3%
PROFIT AFTER TAXATION
R1.96BN (2015: R1.63BN)
4.0%
AIRCRAFT LANDINGS
284K (2015: 273K)
8.6%
DEPARTING PASSENGERS
19.4M (2015: 17.8M)

20. TRAFFIC VOLUME DEPARTING PAX(THOUSANDS) PAX GROWTH RATE
AIRCRAFT LANDINGS (THOUSANDS)
LANDING GROWTH RATE

21. Projected FINANCIAL INDICATORS

22. Revenue analysis
Total revenue is based on the total revenue allowance as permitted by the economic regulator

23. NON-AERONAUTICAL REVENUE
7.2%
8.8%
8.7%
3.8%
Growth in international passengers at Cape Town International Airport reduced the yield per passenger for retail revenue in the 2016/17 forecast

24. OPERATING EXPENSES
6.3%
9.1%
7.8%
13.8%
The Group continues to focus on sustainable cost reductions within the context of the strategic focus areas
Some regulated charges continue to increase at a rate above inflation

25. Capex Budget amounts to R4.9 billion
CAPITAL EXPENDITURE
CAPEX SPENT – 2014 TO 2017
PROJECTED CAPEX – 2018 TO 2020
2018 to 2020
Capex Budget amounts to R4.9 billion

26. Major projects Cargo warehouse and office refurbishment - 2018
Terminal A refurbishment and redevelopment
Remote apron stands
New domestic arrivals Terminal
New runway realignment – 2021
Aircraft parking stands
KING SHAKA
Apron stands and bravo taxiway extension

27. Three year FUNDING REQUIREMENTS
Capex & debt redemptions to be funded by cash carried forward plus cash generated
Debt redemptions total R2.9 billion
Refinancing requirements considerations
AIR01 fixed rate bonds and AIRL01 inflation linked bonds

28. Key takeouts

29. KEY TAKEOUTS
STRATEGY THAT IS AIMED AT LONG TERM SUSTAINABLE VALUE CREATION
CONTINUOUSLY IMPROVING THE PASSENGER EXPERIENCE
IDENTIFYING AND SECURING NEW BUSINESS OPPORTUNITIES
STRENGTHENING REPUTATION AND CONTINUING TO BUILD WIN-WIN PARTNERSHIPS WITH OUR STAKEHOLDERS
MANAGING AND DEVELOPING A HIGH PERFORMANCE TEAM
MOVING TOWARDS A DIGITIZED BUSINESS
ACCELERATING SUSTAINABILITY AND TRANSFORMATION PROGRAMMES
REDUCING ENVIRONMENTAL IMPACT

30. Disclaimer
The information contained in this presentation is confidential, and is intended solely for this presentation. This presentation may contain information proprietary to the Airports Company South Africa SOC Limited (“the Company”), and may not be reproduced or disseminated in whole or in part without the Company's written consent. The Company is not acting as your adviser in any transaction that may be proposed herein, and this presentation does not constitute a recommendation, guidance or proposal to enter into any transaction. Any decision to enter into a transaction should be made on the basis of information contained within an offering circular, programme memorandum or prospectus published in relation to such an offering. The Company does not guarantee or otherwise assure the expected results of any transaction as envisaged in this presentation. You shall not be entitled to place any reliance on the information contained in this presentation for the purposes of entering into any proposed transaction or otherwise.