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Investor Presentaiton

HAS CAPITAL IMPROVEMENT PLAN FUNDING SOURCES ($'s in millions) Airport Improvement Fund (AIF) Renewal and Replacement Fund Bonds/Commercial Paper Pay-Go PFCs AIP/FAA Grants Special Facility Debt Total CIP Spend FY2021-2025 $218.2 $40.4 $1,487.6 $406.8 $133.4 $203.7 $2,490.0 ✈ CIP funding sources, as shown, are based on the adopted Capital Improvement Plan for FY 2021-2025 ✈ Funding sources are preliminary and subject to change ✈ No appropriation for CIP spend will be made from the AIF in FY21 per temporary policy prohibiting cash CIP spend (estimated to be $93M), however, those AIF moneys may be used in later years to fund CIP ✈ Additionally, the level of appropriation and spending in FY21 and FY22 are likely to be reduced as a result of the COVID- 19 pandemic ✈ The City has not adopted a revised CIP for the Houston Airport System, but management expects to slow the rate of CIP spending through the end of Fiscal Year 2022 18 HOUSTON AIRPORTS
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