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Investor Presentaiton

HAS PROJECTED CPE BY AIRPORT $20 $15 $10 sis $5 $6.63 $- FY2019 $18.73 $15.81 $13.93 $10.16 $9.23 FY2020 Estimate HOU IAH FY2021 Projection ✈ HAS to use CARES Act proceeds to offset costs to the airlines in FY21 in the form of debt service and O&M expense reductions Airline costs at William P. Hobby Airport (HOU) were reduced from $49M in the FY20 budget to $37M (-24%) in the FY21 budget ✈ Airline costs at George Bush Intercontinental Airport (IAH) were reduced from $236M in the FY20 budget to $153M (-35%) in the FY21 budget ✈ The increase in costs per enplanement in FY21 are a result of an estimated 65% reduction in enplanements in the FY21 budget when compared to the FY20 budget *Projections are preliminary and subject to change. 23 HOUSTON AIRPORTS
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