Ontario Airports Investments

Airport Asset Management

We provide asset management services on behalf of Ontario Teachers’ Pension Plan for their airport investments, supporting and challenging each airport’s business strategy, finance, operations and risk management decisions, and helping drive sustainable growth. The team is in frequent contact with all stakeholders, including airport management, airlines, concessionaires, governments and regulatory bodies.

We partner closely with airport management teams to:

Ensure appropriate governance structures
Shape business plans and budgets
Develop growth strategy
Monitor business performance
Focus on the right-sizing of Capex projects and Opex efficiency
Lead refinancing initiatives
Supply macro-economic insights and trends

We also assist Ontario Teachers’ in identifying aviation-related acquisition opportunities and provide transactional and business planning support during the process.

Birmingham Airport

Birmingham Airport is the UK’s 3rd largest airport outside of London, with 10 million people living within a one-hour drive. It has a strong track record, with increased passengers and revenues leading to improved profitability.

Key Stats

12m passengers in the year to March 2020
44% of the UK population live within a two-hour drive
70 minutes non-stop to central London

No. of airlines 50

No. of destinations 143

No. of retailers 41

Passenger numbers

Pax (m) 13.0 10.7 11.5 12.2 10.0

Year

10.4m 15/16A

11.9m 16/17A

12.9m 17/18A

12.5m 18/19A

12.1m 19/20A

3.07%
Cagr

Bristol Airport

Bristol Airport is the 8th largest airport in the UK and the gateway to the South West. It is served by the two largest low-cost carriers in Europe and is also the most efficient UK airport, with a best-in-class EBITDA margin and lowest OPEX per passenger.

Key Stats

9m passengers served in 2019
2nd wealthiest city in England after London
7m people located within a two-hour drive

No. of airlines 12

No. of destinations 128

No. of retailers 23

Passenger numbers

Pax (m) 9.0 6.7 7.5 8.2 6.0

Year

6.8m 2015A

7.5m 2016A

8.1m 2017A

8.6m 2018A

8.9m 2019A

5.53%
Cagr

Brussels Airport

Brussels Airport is the largest airport and second most important economic growth engine in Belgium. The position of Brussels, as the centre for many international organisations, brings in strong traffic alongside the airport’s densely populated catchment area, which stretches to Northern France and Southern Netherlands.

Key Stats

26.4m passengers served in 2019
20m residents in the catchment area
80% of traffic is Origin & Destination and 20% Transit & Transfer

No. of airlines 74

No. of destinations 236

No. of retailers 83

Passenger numbers

Pax (m) 30.0 18.7 22.5 26.2 15.0

Year

23.5m 2015A

21.8m 2016A

24.8m 2017A

25.7m 2018A

26.4m 2019A

2.35%
Cagr

Copenhagen Airport

Copenhagen is the largest hub airport in Scandinavia, the 16th largest in Europe and the gateway to Northern Europe. It also owns and operates Roskilde Airport, which predominantly focuses on corporate and general aviation.

Key Stats

30.3m passengers served in 2019
4.3m Danish and Southern Swedish residents in the catchment area
79% of traffic is Origin & Destination and 21% Transit & Transfer

No. of airlines 90

No. of destinations 188

No. of retailers 125

Passenger numbers

Pax (m) 35.0 20.0 25.0 30.0 15.0

Year

26.6m 2015A

29m 2016A

29.2m 2017A

30.3m 2018A

30.3m 2019A

2.64%
Cagr

London City Airport

London City Airport is the capital’s most conveniently located freehold airport. It has the shortest passenger processing times and recently received planning permission for significant expansion, including terminal facilities and additional aircraft parking spaces.

Key Stats

5.1m passengers served in 2019
13 minutes from Canary Wharf, 21 minutes from the City of London and 26 minutes from Westminster
70% of passengers arrive by public transport

No. of airlines 11

No. of destinations 45

No. of retailers 17

Passenger numbers

Pax (m) 6.0 2.2 3.5 4.7 1.0

Year

4.3m 2015A

4.5m 2016A

4.5m 2017A

4.8m 2018A

5.1m 2019A

3.47%
Cagr