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Investor Presentaiton

14 Charlottetown Airport | 2013 Annual Report Operational Review The airport saw another successful construction season in 2013. The main, large-scale capital project was the construction of the Brackley Point Road/Airport roundabout and airport access road. This project was led by the City of Charlottetown but was a three-way partnership with the Airport Authority, the city and the provincial government. The construction of the roundabout has greatly improved safety and overall traffic flow and airport access at this busy intersection. The reconstruction of the airport access road, complete with a paved walking trail connecting to the Community of Brackley trail, increases accessibility and the overall aesthetics of the airport gateway. Another heavy civil project this past year included remedial work to Apron I. This is a concrete panel apron that runs parallel with the terminal. Several of these panels had cracked and heaved around a catch basin. These panels were replaced as part of our ongoing Apron I rehabilitation program. Our main equipment purchase in 2013 was the replacement of our dated parking pay system this past spring. The new system provides more functionality and an additional pay-on-foot station in the departures end of the terminal for easier accessibility. In addition to these major capital projects we have made investments in repairs and rehabilitation of some of our other hard surfaces both air and groundside. Annually we make significant investments in asphalt and concrete crack sealing and asphalt patching. This past year we continued replacing our aging fleet and equipment where required. Notable purchases included a loader, a tractor and finish mower, and a new half-ton truck for maintenance activities. Summary of Capital Expenditures in 2013 Main Access Road $ 610,899 Vehicles, Motor & Shop Equipment $ 377,528 Departures Area Expansion & Terminal Upgrades $ 375,028 Hard Surface Rehabilitation & Repairs $ 342,890 Parking System Land Development Misc. Small Projects & Equipment $ 208,210 42,650 In 2013, the Authority completed its first full year with its Safety Management System. Safety Management System is a mandated program that provides comprehensive management of 52,167 safety risks and complements other operational specific Total $ 2,009,372 programs at the Airport.
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