Auckland International Airport (AIA) AGM 2024 summary

Opening remarks and agenda

• Chair welcomed shareholders, directors, executives, and auditors, confirming a quorum and outlining meeting procedures and agenda.

• Notice of meeting and annual report were distributed in advance; financial statements and audit report available online.

Financial performance review

• Airline capacity reached 91% of pre-COVID levels; passenger numbers rose 17% to 18.5 million, 88% of pre-pandemic figures.

• Revenue increased 43% to NZD 895 million; operating EBITDAFI up 55% to NZD 614 million.

• Underlying profit was NZD 276 million, up 87%; underlying EPS up 85%.

• Total dividends paid were NZD 0.1325 per share.

Board and executive committee updates

• Grant Devonport nominated for election as director, with unanimous board support; brings significant airport and finance experience.

• Mark Binns, Dean Hamilton, and Tania Simpson stood for re-election as independent directors, all unanimously supported.

• Chair Patrick Strange announced retirement, with Julia Hoare to succeed as chair.

• New executive appointments included Chief Infrastructure Officer and Chief Financial Officer.