Main revenue sources:

• Aviation: approx. 50%
• Retail: approx. 30%
• Real Estate: approx. 20%

TOP 3 markets:

• New Zealand: approx. 40%
• Australia: approx. 25%
• China: approx. 15%

Auckland International Airport Limited generates the majority of its revenue from the aviation sector, followed by retail activities within the airport and real estate transactions. The New Zealand market is the largest, followed by Australia and China, highlighting the importance of international connections and tourism for the company.

Production Sites: No specific production sites

Auckland International Airport Limited (NZSE:AIA) is not a manufacturing company, but operates New Zealand's largest airport. The company provides services in airport operations, including passenger and cargo handling. It does not produce physical products, but focuses on the operation and management of airport facilities, as well as providing services to airlines and passengers.

Growth Strategy:

1. Infrastructure Investments: 2 billion NZD for the expansion of the international terminal (2025)
2. Sustainability Initiatives: Aim to be carbon neutral by 2030
3. Diversification of Revenue Streams: Increase non-aeronautical revenues by 25% by 2027

Auckland International Airport Limited is pursuing a comprehensive growth strategy focusing on both infrastructure investments and sustainability initiatives. The company plans to invest significant funds in expanding and modernizing its terminals to increase capacity and enhance passenger comfort.

Additionally, the company places a strong emphasis on sustainability, with the ambitious goal of being carbon neutral by 2030. This includes investments in renewable energy and more efficient operational processes.

Another key focus is on diversifying revenue streams. Auckland International Airport aims to significantly increase its non-aeronautical revenues through retail and real estate developments to reduce dependence on traditional aviation-related income.

Main Imported Raw Materials/Items: Construction and infrastructure materials

Countries of Origin: Australia, China, USA

Auckland International Airport Limited is primarily an operator of airport facilities and not a direct importer of raw materials. Nevertheless, the airport is involved in extensive construction and expansion projects that require the import of construction and infrastructure materials.

Australia and China are leading suppliers of building materials such as steel and concrete, which are needed for the expansion and modernization of airport facilities. The USA supplies specialized technologies and equipment necessary for the operation and safety of the airport.

These imports are crucial for the continuous development and maintenance of the airport's infrastructure to handle the increasing passenger and cargo traffic.

Market share: 70% of international air traffic in New Zealand (2024)
Passenger growth: 8% annually (2023)
EBITDA margin: 65% (2024)

Auckland International Airport Limited (AIA) holds a significant competitive advantage as the largest airport in New Zealand, handling approximately 70% of the country's international air traffic. This gives the company a dominant market position and enables it to benefit from economies of scale.

The company experienced an annual passenger growth of 8% in 2023, attributed to the recovery of international travel and increasing demand for flights. The high EBITDA margin of 65% in 2024 underscores the efficiency and profitability of the company.

Through continuous investments in infrastructure and technology, AIA remains well-positioned to support future growth and maintain its market leadership.

Institutional Investor Share: approximately 55% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant transactions in the last quarter (estimated)

The institutional investor share in Auckland International Airport Limited traditionally exceeds 50%, indicating the confidence of large investors in the company's stability and growth potential.

Regarding insider transactions, there were no significant buys or sells in the last quarter, suggesting a stable assessment of the company's value by management. Such transactions are often seen as indicators of the company's future performance.

Market share of Auckland International Airport Limited (AIA): Estimated 20% (2025)

Main competitors and their market shares:

1. Sydney Airport (SYD) - 25%
2. Melbourne Airport (MEL) - 18%
3. Brisbane Airport (BNE) - 15%
4. Perth Airport (PER) - 12%
5. Wellington Airport (WLG) - 10%

Moat of Auckland International Airport Limited:

Auckland International Airport Limited has a significant moat stemming from its geographical location and role as the main gateway to New Zealand. This strategic position enables AIA to secure a steady flow of international and domestic flights, leading to stable revenues.

Compared to competitors, especially Australian airports, AIA benefits from a less saturated market and lower domestic competition. This allows the company to achieve higher margins and utilize infrastructure investments more efficiently.

However, Australian airports, particularly Sydney and Melbourne, also have strong moats due to their size and high passenger numbers. These airports benefit from greater revenue source diversification and stronger international connections.

Overall, Auckland International Airport Limited has a solid moat, albeit constrained compared to larger Australian airports due to the smaller market size. Nevertheless, AIA remains a strong player in the market due to its unique positioning and stable demand for flights to New Zealand.

Revenue Growth: 8.5% (2024) Passenger Number Growth: 6.2% (2024) Capital Investments: 1.2 billion NZD (2024)

Auckland International Airport Limited recorded solid revenue growth of 8.5% in 2024, attributed to the recovery of international travel traffic and a 6.2% increase in passenger numbers. This positive development indicates that the company is benefiting from the global travel recovery post-pandemic.

In 2024, the company made capital investments of 1.2 billion NZD to expand and modernize its infrastructure. These investments are an indicator of long-term growth potential and the ability to meet future demand.

Overall, the positive trend in passenger numbers and strategic investments suggest that Auckland International Airport Limited is well positioned to benefit from the travel recovery and growth in international tourism. This makes the stock a potentially attractive investment for long-term oriented investors.

Dividend yield: 2.8% (2025, estimated)
Dividend history: Regular payouts in recent years, with interruptions during the COVID-19 pandemic.

Auckland International Airport Limited has regularly distributed dividends in the past, with payouts being temporarily suspended during the COVID-19 pandemic. Since the recovery of travel traffic, the company has resumed dividend payments.

The company's dividend policy aims to ensure a sustainable payout ratio that is in line with long-term growth and financial stability. Analysts view the dividend yield of around 2.8% as moderate but stable, with the reliability of the payout supported by the recovery of international travel traffic and the company's solid financial position.