AIA – FY23 Interim Results

Market Release | 23 February 2023

1H23 results: Auckland Airport returns
to profitability as travel continues its
recovery

Auckland Airport today announced its financial results for the six months to 31 December
2022.
Auckland Airport Chair Patrick Strange said: “As demand for air travel has surged
globally, Auckland has remained firmly on airline radars as a destination worthy of
capacity investment. In the first half of the 2023 financial year we welcomed back familiar
airlines along with new routes and carriers, helping to deliver Auckland Airport’s first
underlying profit in two and a half years.
“Our outlook is for continued growth, however, the recovery still has some way to go with
global aviation facing ongoing systemic challenges. Travellers are feeling the frustration
of mishandled bags, airline schedule changes and global staff shortages, as well as the
increased likelihood of delays and queues across the aviation system – all issues that
are going to take time to resolve.
“People have also had to contend with recent severe weather events – both the
extraordinary Auckland flooding and Cyclone Gabrielle. Our thanks go to travellers for
their ongoing patience and the team at Auckland Airport who continue to work hard to
support the recovery of the business.”
Key performance data for the six months to 31 December 2022:
• Total number of passengers 7.6 million

• Domestic passengers of 4.1 million, and international passengers (including
transits) of 3.5 million
• Revenue of $288 million
• Operating EBITDAFI of $189 million
• Reported profit after tax of $5 million, impacted by the $94 million non-cash
investment property valuation decrease
• Earnings per share of 0.33 cents
• Net underlying profit after tax of $68 million
1

• Net underlying profit per share of 4.62 cents
• No interim dividend will be paid
Chief Executive Carrie Hurihanganui said: "It’s reassuring to see Auckland Airport return
to profitability, reflecting a significant increase in capacity with 23 airlines now flying from
Auckland Airport to 35 international destinations. Our focus has been on supporting
airlines and their ground handlers by providing an operational environment which allows
them to work as efficiently as possible, particularly in the tough-to-recruit labour market.
“We recognise that it’s been a challenging time for travellers who have arrived in New
Zealand without their luggage, or who waited in queues longer than we would have liked.
Everyone in the wider Auckland Airport eco-system is working hard to address these
issues as the recovery continues.”
Overall, there were 7.6 million international and domestic travellers for the first half of the
2023 financial year, accounting for 71% of the same period pre-COVID in the 2019
financial year. Domestic passengers were 4.1 million (85% of the same period pre-
COVID in the 2019 financial year) while international passenger numbers (including
transits) were 3.5 million (60% of the same period pre-COVID in the 2019 financial year).
“The connection growth through to North America was a highlight for the period, with
Hawaiian Airlines, Air Canada, United Airlines and American Airlines reconnecting into
Auckland, and the announcement by Delta Air Lines that it plans to fly the route between
Los Angeles and Auckland next summer. These are all high-quality airlines with

1
We recognise that EBITDAFI and underlying profit are non-GAAP measures. Please refer to the table at the end of the media
release for the reconciliation of reported profit after tax to underlying profit after tax.

extensive domestic and international networks, providing choice for Kiwis and helping to
keep airfare prices competitive in future, as well as greater reach into New Zealand’s
second largest inbound tourism market. Add to that Air New Zealand is now flying into
seven North American cities, including its flagship service to New York, to be joined mid-
way through this calendar year by Qantas flying from Sydney to New York via Auckland.
“More recently, we’ve seen an easing of travel restrictions in mainland China - an
important milestone in New Zealand’s aviation and tourism recovery. Pre-COVID, China
was a key visitor market with approximately 400,000 Chinese visiting New Zealand each
year and up to 42 flights from mainland China arriving at Auckland Airport every week.
“New Zealand has been named as one of 20 countries open to Chinese travel agencies
and online tour operators as a destination for Chinese tour groups, and like other market
re-openings, we’re expecting the first round of Chinese travel demand to come from
friends and family reconnections, quickly followed by business travellers resuming
important face-to-face meetings. As we head into the autumn and winter, we expect to
see a further lift in traveller numbers as Chinese leisure travellers have their passports
reissued and obtain visas to visit New Zealand, resulting in a corresponding lift in flight
frequency. We also expect to see students from China returning in greater numbers after
the Chinese Government announced online credentials obtained from a foreign
educational institution would no longer be recognised.
“With China Eastern, China Southern, and Air New Zealand adding flights between
Auckland and mainland China, travellers will have a choice of 19 weekly flights from April
onwards.”
Transport, property, retail and commercial
An ongoing programme of work to upgrade the precinct’s roading network continued in
the first half of the 2023 financial year, with improvements underway on the main
southern access road to the domestic terminal (Laurence Stevens Drive) to add high
occupancy vehicle lanes for smooth flowing public transport.
To the north of the airport precinct, Auckland Airport is building a new road with the
addition of Te Ara Kōrako, connecting George Bolt Memorial Drive and Nixon Road.
Construction of Te Ara Kōrako will provide an alternative route for travellers leaving the
international terminal and heading east, as well as supporting freight moving around the
precinct, helping to reduce traffic volumes on the core roading network.

“Construction on the Transport Hub directly in front of the international terminal has made
significant progress with the first stage – the new undercover public pick-up and drop-off
zone – set for completion by the end of the year. Parking options at the airport will also
be increased by year end with work resuming on Park & Ride South off Puhinui Road,”
said Ms Hurihanganui.
Auckland Airport’s commercial property business continued to improve in the six months
to 31 December 2022 alongside the continued recovery of our retail business.
“Fitout of the Te Arikinui Pullman (a joint venture between Auckland Airport and Tainui
Group Holdings) has begun with Māori motifs incorporated into the sophisticated and
contemporary interior design. All construction work will be completed by late 2023 with
doors opening in early 2024 after a period of commissioning.
“Mānawa Bay, New Zealand’s first ever purpose-built premium outlet shopping
destination, is taking shape with major construction work underway on the 150,000m
2

site. With Savory Construction appointed lead contractor, the completed outlet centre will
feature 100-plus retail stores and 13 food and beverage tenancies.”
The increased summer travel numbers have been matched by the reopening of terminal-
based tenancies. Currently 87% of international terminal and 95% of domestic terminal
retail and food and beverage operators are trading daily. However, like everyone else in
the airport system, operators remain impacted by labour shortages and are operating
across a shorter trading day while they continue to actively recruit staff.
“We have announced a decision to move from two duty-free operators – a rarity in
international airports – to a single operator, Aelia Duty Free (owned by Lagardère Travel
Retail SAS) from September 2023. A full single-operator re-tender will be completed by
mid-2025.
“The pandemic has accelerated online shopping trends for travel retail. In the current
environment it’s important that duty-free shopping can evolve to match the customer
demand for product choice and innovative retail experiences they can’t access on the
high street, while delivering competitive prices. We believe this is best delivered through
a single operator.”

Sustainability
“Climate change resilience remains a key focus for Auckland Airport,” said Ms
Hurihanganui.
“The unprecedented flooding over Auckland Anniversary Weekend caused huge
disruption to travellers and airport operations, and like other infrastructure owners, we
are taking a hard look at our stormwater system and modelling around climate change to
ensure the future capacity we are building into our infrastructure programme is fit for
purpose.
“We take every opportunity to upgrade stormwater infrastructure – a major and ongoing
programme of work. An example is our recent Northern Network roading development,
which included work to improve the stormwater systems and build additional stormwater
capacity. Our seawall maintenance also includes upgrades to future-proof against sea
level rises.
“We remain committed to reducing our carbon footprint and meeting our target of a 90%
reduction in direct emissions from 2019 levels by 2030. To this end we started phasing
out natural gas use in the international terminal, replacing gas boilers with electric heat
pumps.
“We recognise new development generates an increase in carbon, and we are actively
taking steps to minimise this. We are exploring on-site generation of electricity to reduce
the footprint of new developments, including building what is expected to be the largest
rooftop solar system in New Zealand on top of the 36,000m
2
Mānawa Bay outlet centre.
It will support more than 80% of the 100-store centre’s anticipated power usage when it
opens in 2024. A second 14,000m
2
solar array will sit atop the under-construction
Transport Hub providing enough electricity to power the attached office and electric
vehicle charging stations within its car park.
“We continue to look for opportunities to reduce carbon emissions across our
infrastructure – from construction methods and materials through to operational
efficiency. A strong emphasis on sustainable design is reflected in both the Transport
Hub and Mānawa Bay, with Mānawa Bay aiming for a 5-Star green design and build, and
the Transport Hub targeting a US-accredited Gold Parksmart rating in innovative
sustainable practices in parking facilities.”

Aeronautical pricing
Auckland Airport is due to set proposed aeronautical prices for the remainder of the price
setting event for the 2023 to 2027 financial years (PSE4) by June this year.
With the support of the majority of airlines, prices for the 2023 financial year were held
constant at 2022 financial year prices. Aeronautical prices will be forecast to make up
the 2023 financial year under-recovery versus our target return over the remainder of
PSE4
2
.
“On 8 February 2023 we shared our Draft Pricing Proposal for PSE4 with major airlines
and we will consider their feedback before finalising PSE4 prices. Among other things,
this process requires Auckland Airport to determine our aeronautical capital expenditure
roadmap for PSE4 and beyond,” said Ms Hurihanganui.
“We have undertaken deep and wide-ranging consultation with our substantial airline
customers on PSE4 prices and on the aeronautical capital expenditure roadmap. The
consultation process has taken longer than we originally anticipated, but we have taken
the time necessary given the significance of the overall programme and we hope to
complete it soon.”
Auckland Airport, together with NZ Airports, has also submitted on the Commerce
Commission’s Input Methodology review which is due to be completed by December this
year. Our main submission is that the Commission should refresh its 2016 calculation of
the weighted average cost of capital for the regulated airport sector to bring it up to date
using the same process it has adopted in previous years with the most recently available
information. Auckland Airport will give consideration to the progress of the Commission’s
review when setting our target return for PSE4. We expect the Commission to publish its
draft determination in the June quarter this year.

2
The 2023 financial year price freeze, and subsequent recovery mechanism, was agreed with the majority of airlines prior to its
implementation from 1 July 2023, as was the discontinuation of the $2.00 plus GST per international passenger Regulatory or
Requested Investment ‘RRI’ charge that applied over the last 9 months of the 2022 financial year linked to COVID-related costs.

Outlook
In October 2022, Auckland Airport revised its guidance for the 2023 financial year
following a stronger than expected rebound in the aviation market as demand to
reconnect exceeded capacity.
Auckland Airport continues to see positive signs in the recovery of the aviation industry
and as a result is revising earnings guidance of underlying profit after tax to between
$125 million and $145 million, an uplift from the guidance of between $100 million and
$130 million provided in October 2022.
In addition, Auckland Airport is also revising capital expenditure guidance for the year to
June 2023 from $600 million to $700 million to between $525 million and $600 million –
largely reflecting the phasing of development from design to construction for a number
of commercial projects.
Auckland Airport expects our total passenger numbers to recover to pre-pandemic levels
during 2025, broadly consistent with IATA’s outlook for global air travel. For the full 2023
financial year Auckland Airport is anticipating international passenger numbers will be
around 70% of pre-COVID levels, with domestic passenger numbers at around 85%.
This would result in overall passenger numbers of circa 16 million for the 2023 financial
year, roughly comprising 50% domestic passengers and 50% international passengers.
As agreed with our banks following fresh interest covenant accommodations in February
last year, no dividend has been declared for the six-month period to 31 December 2022.
We will be reviewing our dividend policy later in the 2023 financial year, with dividends
expected to resume in October 2023.
ENDS

Note 1. Underlying profit / (loss) reconciliation


For further information, please contact:
Investors:
Stewart Reynolds
Head of Strategy, Planning and Performance
+64 27 511 9632
stewart.reynolds@aucklandairport.co.nz
Media:
Libby Middlebrook
Head of Communications and External Relations
+64 21 989 908
Libby.middlebrook@aucklandairport.co.nz

---

Interim Financial
Statements 2023

Contents
Financial Statements 02
Notes and accounting policies 08
Shareholder information 24
Corporate directory 25
Interim Financial Statements 20231

Consolidated interim income statement
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
Notes
$M$M
Income
Airfield income40.926.2
Passenger services charge60.68.2
Retail income59.46.9
Rental income78.863.0
Rates recoveries6.44.3
Car park income27.58.7
Interest income1.00.2
Other income13.28.7
Total income
287.8126.2
Expenses
Staff529.521.7
Asset management, maintenance and airport operations40.829.5
Rates and insurance17.410.4
Marketing and promotions1.90.8
Professional services and levies3.01.2
Fixed asset write-offs30.10.1
Other expenses6.12.6
Reversal of expected credit losses-(0.4)
Total expenses
98.865.9
Earnings before interest expense, taxation, depreciation,
fair value adjustments and investments in associate and
joint ventures (EBITDAFI)
1
189.060.3
Investment property fair value change10(93.8)131.5
Derivative fair value change(0.3)(0.6)
Share of profit/(loss) of associate and joint ventures73.0(17.4)
Earnings before interest, taxation and depreciation (EBITDA)
1
97.9173.8
Depreciation68.753.7
Earnings before interest and taxation (EBIT)
1
29.2120.1
Interest expense and other finance costs530.726.8
Profit/(loss) before taxation
4(1.5)93.3
Taxation benefit(6.3)(15.5)
Profit after taxation, attributable to the owners of the parent
4.8108.8
Earnings per share
CentsCents
Basic earnings per share110.337.39
Diluted earnings per share110.337.39
1 EBITDAFI, EBITDA and EBIT are non-GAAP measures. Refer to the 2022 Financial Report, note 3(e).
THE FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS HAVE NOT BEEN AUDITED. THEY HAVE BEEN THE SUBJECT OF A REVIEW
BY THE AUDITORS PURSUANT TO NEW ZEALAND STANDARD FOR REVIEW ENGAGEMENTS 2410 (REVISED) FOR THE SIX-MONTH PERIODS
TO 31 DECEMBER 2022 AND 31 DECEMBER 2021. THE FULL-YEAR FINANCIAL STATEMENTS TO 30 JUNE 2022 HAVE BEEN AUDITED.
THE ACCOMPANYING NOTES FORM PART OF THESE FINANCIAL STATEMENTS.

Consolidated interim statement of comprehensive income
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
$M$M
Profit for the period
4.8108.8
Other comprehensive income
Items that may be reclassified subsequently to the income statement:
Cash flow hedges:
Fair value gains recognised in the cash flow hedge reserve22.738.9
Realised losses/(gains) transferred to the income statement1.65.3
Tax effect of movements in the cash flow hedge reserve(6.8)(12.4)
Total cash flow hedge movement17.531.8
Movement in cost of hedging reserve(0.8)(0.7)
Tax effect of movement in cost of hedging reserve0.20.2
Items that may be reclassified subsequently to the income statement
16.931.3
Total other comprehensive income
16.931.3
Total comprehensive income for the period, net of tax, attributable to
the owners of the parent
21.7140.1
These interim financial statements were approved and adopted by the Board on 22 February 2023.
Signed on behalf of the Board by
Patrick Strange
Director, Chair of the Board
Julia Hoare
Director, Chair of the Audit and Financial Risk Committee
THE FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS HAVE NOT BEEN AUDITED. THEY HAVE BEEN THE SUBJECT OF A REVIEW
BY THE AUDITORS PURSUANT TO NEW ZEALAND STANDARD FOR REVIEW ENGAGEMENTS 2410 (REVISED) FOR THE SIX-MONTH PERIODS
TO 31 DECEMBER 2022 AND 31 DECEMBER 2021. THE FULL-YEAR FINANCIAL STATEMENTS TO 30 JUNE 2022 HAVE BEEN AUDITED.
THE ACCOMPANYING NOTES FORM PART OF THESE FINANCIAL STATEMENTS.
Interim Financial Statements 20233

Consolidated interim statement of changes in equity
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022
Issued and
paid-up
capital
Cancelled
share
reserve
Property, plant
and equipment
revaluation
reserve
Share-
based
payments
reserve
Cash flow
hedge
reserve
Cost of
hedging
reserve
Share of
reserves of
associate and joint
ventures
Retained
earningsTotal
Notes
$M$M$M$M$M$M$M$M$M
Six months ended 31 December 2022
(unaudited)
At 1 July 2022
1,680.2(609.2)5,040.22.117.7(1.7)50.91,970.78,150.9
Profit for the period-------4.84.8
Other comprehensive income----17.5(0.6)--16.9
Total comprehensive income
----17.5(0.6)-4.821.7
Reclassification to retained earnings--(0.2)----0.2-
Shares issued110.6------0.61.2
Long-term incentive plan---(0.1)----(0.1)
At 31 December 2022
1,680.8(609.2)5,040.02.035.2(2.3)50.91,976.38,173.7
Six months ended 31 December 2021
(unaudited)
At 1 July 2021
1,679.2(609.2)5,099.92.0(50.4)(1.1)37.01,772.17,929.5
Profit for the period-------108.8108.8
Other comprehensive income----31.8(0.5)--31.3
Total comprehensive income
----31.8(0.5)-108.8140.1
Reclassification to retained earnings---------
Shares issued110.9-------0.9
Long-term incentive plan---(0.3)----(0.3)
At 31 December 2021
1,680.1(609.2)5,099.91.7(18.6)(1.6)37.01,880.98,070.2
THE FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS HAVE NOT BEEN AUDITED. THEY HAVE BEEN THE SUBJECT OF A REVIEW
BY THE AUDITORS PURSUANT TO NEW ZEALAND STANDARD FOR REVIEW ENGAGEMENTS 2410 (REVISED) FOR THE SIX-MONTH PERIODS
TO 31 DECEMBER 2022 AND 31 DECEMBER 2021. THE FULL-YEAR FINANCIAL STATEMENTS TO 30 JUNE 2022 HAVE BEEN AUDITED.
THE ACCOMPANYING NOTES FORM PART OF THESE FINANCIAL STATEMENTS.

Issued and
paid-up
capital
Cancelled
share
reserve
Property, plant
and equipment
revaluation
reserve
Share-
based
payments
reserve
Cash flow
hedge
reserve
Cost of
hedging
reserve
Share of
reserves of
associate and joint
ventures
Retained
earningsTotal
Notes
$M$M$M$M$M$M$M$M$M
Six months ended 31 December 2022
(unaudited)
At 1 July 2022
1,680.2(609.2)5,040.22.117.7(1.7)50.91,970.78,150.9
Profit for the period-------4.84.8
Other comprehensive income----17.5(0.6)--16.9
Total comprehensive income
----17.5(0.6)-4.821.7
Reclassification to retained earnings--(0.2)----0.2-
Shares issued110.6------0.61.2
Long-term incentive plan---(0.1)----(0.1)
At 31 December 2022
1,680.8(609.2)5,040.02.035.2(2.3)50.91,976.38,173.7
Six months ended 31 December 2021
(unaudited)
At 1 July 2021
1,679.2(609.2)5,099.92.0(50.4)(1.1)37.01,772.17,929.5
Profit for the period-------108.8108.8
Other comprehensive income----31.8(0.5)--31.3
Total comprehensive income
----31.8(0.5)-108.8140.1
Reclassification to retained earnings---------
Shares issued110.9-------0.9
Long-term incentive plan---(0.3)----(0.3)
At 31 December 2021
1,680.1(609.2)5,099.91.7(18.6)(1.6)37.01,880.98,070.2
Interim Financial Statements 20235

Consolidated interim statement of financial position
AS AT 31 DECEMBER 2022
UnauditedAudited
As at
31 Dec 2022
As at
30 Jun 2022
Notes
$M$M
Non-current assets
Property, plant and equipment97,130.36,986.1
Investment properties102,848.42,897.4
Investment in associate and joint ventures7175.3166.5
Derivative financial instruments50.328.1
10,204.310,078.1
Current assets
Cash and cash equivalents62.824.7
Trade and other receivables58.728.5
Taxation receivable21.721.6
143.274.8
Total assets
10,347.510,152.9
Shareholders’ equity
Issued and paid-up capital111,680.81,680.2
Reserves4,516.64,500.0
Retained earnings1,976.31,970.7
8,173.78,150.9
Non-current liabilities
Term borrowings121,054.1961.0
Derivative financial instruments31.515.7
Deferred tax liability412.0411.9
Other term liabilities3.23.3
1,500.81,391.9
Current liabilities
Accounts payable and accruals109.587.1
Derivative financial instruments0.10.9
Short-term borrowings12557.0515.6
Provisions6.46.5
673.0610.1
Total equity and liabilities
10,347.510,152.9
THE FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS HAVE NOT BEEN AUDITED. THEY HAVE BEEN THE SUBJECT OF A REVIEW
BY THE AUDITORS PURSUANT TO NEW ZEALAND STANDARD FOR REVIEW ENGAGEMENTS 2410 (REVISED) FOR THE SIX-MONTH PERIODS
TO 31 DECEMBER 2022 AND 31 DECEMBER 2021. THE FULL-YEAR FINANCIAL STATEMENTS TO 30 JUNE 2022 HAVE BEEN AUDITED.
THE ACCOMPANYING NOTES FORM PART OF THESE FINANCIAL STATEMENTS.

Consolidated interim cash flow statement
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
Notes
$M$M
Cash flow from operating activities
Cash was provided from:
Receipts from customers262.3128.9
Interest received1.00.2
263.3129.1
Cash was applied to:
Payments to suppliers and employees(92.4)(72.7)
Interest paid(30.6)(26.8)
(123.0)(99.5)
Net cash flow from operating activities
6140.329.6
Cash flow from investing activities
Cash was provided from:
Share of dividends received and repayment of partner
contribution
0.32.5
0.32.5
Cash was applied to:
Property, plant and equipment additions(205.1)(124.4)
Interest paid – capitalised(6.9)(3.8)
Investment property additions(36.4)(18.4)
Investment in joint ventures(6.1)(5.9)
(254.5)(152.5)
Net cash flow applied to investing activities
(254.2)(150.0)
Cash flow from financing activities
Cash was provided from:
Increase in borrowings400.0176.0
400.0176.0
Cash was applied to:
Decrease in borrowings(248.0)(100.0)
(248.0)(100.0)
Net cash flow from financing activities
152.076.0
Net (decrease)/increase in cash held38.1(44.4)
Opening cash brought forward24.779.5
Ending cash carried forward
62.835.1
THE FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIODS HAVE NOT BEEN AUDITED. THEY HAVE BEEN THE SUBJECT OF A REVIEW
BY THE AUDITORS PURSUANT TO NEW ZEALAND STANDARD FOR REVIEW ENGAGEMENTS 2410 (REVISED) FOR THE SIX-MONTH PERIODS
TO 31 DECEMBER 2022 AND 31 DECEMBER 2021. THE FULL-YEAR FINANCIAL STATEMENTS TO 30 JUNE 2022 HAVE BEEN AUDITED.
THE ACCOMPANYING NOTES FORM PART OF THESE FINANCIAL STATEMENTS.
Interim Financial Statements 20237

1.
Corporate information
Auckland International Airport Limited (‘the
company’ or ‘Auckland Airport’) is a company
established under the Auckland Airport Act 1987
and was incorporated on 20 January 1988 under
the Companies Act 1955. The company was re-
registered under the Companies Act 1993 on 6 June
1997. The company is an FMC Reporting Entity
under Part 7 of the Financial Markets Conduct Act
2013.
The financial statements presented are for
Auckland Airport and its wholly owned subsidiaries,
joint ventures and an associate (‘the group’).
These interim financial statements were authorised
for issue in accordance with a resolution of the
directors on 22 February 2023.
2.
Basis of preparation and accounting policies
The condensed consolidated interim financial
statements (‘interim financial statements’) have
been prepared in accordance with generally
accepted accounting practice (‘GAAP’) in New
Zealand and the requirements of the Financial
Markets Conduct Act 2013 and the Main Board/
Debt Market Listing Rules of NZX Limited. The
interim financial statements comply with New
Zealand Equivalent to International Accounting
Standards NZ IAS 34 and IAS 34 Interim Financial
Reporting.
Auckland Airport is designated as a for-profit entity
for financial reporting purposes.
These interim financial statements are not required
to and do not make disclosure of all of the
information required to be included in an annual
financial report. Accordingly, this report should be
read in conjunction with the financial statements and
related notes included in Auckland Airport’s
Financial Report for the year ended 30 June 2022.
These interim financial statements are presented in
New Zealand dollars and all values are rounded to
the nearest million dollars ($M) and one decimal
point unless otherwise indicated.
The accounting policies set out in the 2022 Financial
Report have been applied consistently to all periods
presented in these interim financial statements.
There were no new accounting standards,
interpretations or amendments with a material
impact on these interim financial statements.
Climate-related disclosure standard
In 2021, the New Zealand Government passed
legislation to enable mandatory climate-related
disclosures for large publicly listed companies,
insurers, banks, non-bank deposit takers and
investment managers. This means that for the
reporting periods starting on/after 1 July 2023,
Auckland Airport will be required by law to publish
annual disclosures on the impact of climate change
on the business. The New Zealand External
Reporting Board (XRB) has published a suite of
standards in line with the recommendations of the
Task Force on Climate-related Financial Disclosure
(TCFD), the global best practice benchmark for
climate-related reporting. The final standards were
published in December 2022.
Auckland Airport has begun to apply the XRB’s
standards from 1 July 2022, a year before full
compliance with the new standards is required.
Notes and accounting policies
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

3.
Changes in key estimates and judgements
The financial position and performance of the group
continued to reflect the ongoing recovery of the
aviation industry from the COVID-19 pandemic. The
timing of full traffic recovery to pre-pandemic levels
remains uncertain and constrained by staffing
shortages and return of aircraft to service across the
industry. The following key estimates and
judgements, relating to COVID-19, were generated
on the same basis as at 30 June 2022:
Abatements
The group continues to provide abatements to
retailers and property tenants significantly affected
as the aviation industry recovers from the COVID-19
pandemic. During the period ended 31 December
2022, the group recognised $51.4 million of
abatements as negative variable lease payments
(period ended 31 December 2021: $98.6 million).
These abatements were consistent with
expectations and were factored into fair value and
impairment assessments at 31 December 2022.
Fixed asset write-offs and impairments
Capital expenditure work in progress totalling
$0.1 million was written off during the period ended
31 December 2022 (period ended 31 December
2021: $0.1 million).
During the period ended 31 December 2022, no
capital expenditure or fixed asset impairments have
been recognised or reversed (period ended
31 December 2021: nil).
Provision for expected credit losses
During the period ended 31 December 2022, the
provision has decreased by $0.2 million reflecting
the recovery of outstanding debt (period ended
31 December 2021: decreased by $0.4 million).
Fair value assessments of property, plant and
equipment
There have been no material changes in the fair
value assessments of property, plant and
equipment. Refer to note 9 for further details.
Fair value assessments of investment property
At 31 December 2022, independent valuations of
investment property were performed by Colliers,
Savills and JLL. The valuations concluded that there
was a fair value decrease of $93.8 million
(31 December 2021: increase of $131.5 million).
Refer to note 10 for further details.
Recovery from the COVID-19 pandemic
The recovery from COVID-19 is now well underway.
In response to the pandemic, Auckland Airport had
initiated a number of actions as reported in the
2020, 2021 and 2022 Financial Statements.
The following measure remained in place
throughout the six-month period ended
31 December 2022:
• Suspension of dividends (see note 8)
During February 2022, Auckland Airport
renegotiated its bank facility interest coverage
covenants for a transitionary period until December
2024. The following table sets out the EBITDA-
based interest coverage covenants.
PeriodInterest coverage covenant
Jun-221.25x
Dec-221.25x
Jun-232.00x
Dec-232.00x
Jun-242.50x
Dec-24 onwards3.00x
Auckland Airport’s actual interest coverage for the
12 months ended 31 December 2022 was 4.99x.
Given the strong rebound in the aviation market
during the six-month period ended 31 December
2022 and industry-wide optimism for further
recovery, Auckland Airport’s 12-month interest
coverage metrics are likely to progressively
strengthen going forward.
Interim Financial Statements 20239

4.
Segment information
(a) Identification of reportable segments
The group has identified its operating segments
based on the internal reports reviewed and used by
the chief executive, as the chief operating decision-
maker, in assessing performance and in determining
the allocation of resources.
The operating segments are identified by
management based on the nature of services
provided. Discrete financial information about each
of these operating segments is reported to the chief
executive monthly. The chief executive assesses the
performance of the operating segments based on
segment EBITDAFI. Interest income and
expenditure, taxation, depreciation, fair value
adjustments, and share of profits of associate and
joint ventures are not allocated to operating
segments as the group manages the cash position
and borrowings at a group level.
(b)
Types of services provided
Aeronautical
The aeronautical business provides services that
facilitate the movement of aircraft, passengers and
cargo and provides utility services that support the
airport. The aeronautical business also earns rental
revenue from space leased in facilities such as
terminals.
From 2 May 2022, New Zealand's international
border progressively reopened, initially to visa-
waivered countries. From 1 August 2022 New
Zealand's international border reopened to all
passengers. The group did not provide abatements
to aeronautical customers during the six-month
period ended 31 December 2022 (31 December
2021: $0.8 million).
Retail
The retail business provides services to the retailers
within the terminals and provides car parking
facilities for passengers, visitors and airport staff.
Ongoing COVID-19 impacts continued to affect
retailers within the terminals, and the group provided
$51.2 million of abatements to retailers during the
six-month period ended 31 December 2022
(31 December 2021: $94.4 million). Refer to note 3
for further information.
Property
The property business earns rental revenue from
space leased on airport land outside the terminals
including cargo buildings, hangars, shops and other
stand-alone investment properties.
The group provided $0.2 million of rent abatements
to property tenants during the six-month period
ended 31 December 2022 (31 December 2021:
$3.4 million).
AeronauticalRetailPropertyTotal
$M$M$M$M
Six months ended 31 December 2022
(unaudited)
Total segment income121.790.472.0284.1
Total segment expenses38.416.113.067.5
Segment EBITDAFI
1
83.374.359.0216.6
Six months ended 31 December 2021
(unaudited)
Total segment income46.417.960.0124.3
Total segment expenses36.56.89.352.6
Segment EBITDAFI
1
9.911.150.771.7
1 EBITDAFI is a non-GAAP measure. Refer to the 2022 Financial Report, note 3(e).
Income reported above represents income generated from external customers. There was no inter-
segment income in the period (31 December 2021: nil).
Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

(c) Reconciliation of segment EBITDAFI to income statement
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
$M$M
Segment EBITDAFI
1
216.671.7
Unallocated external operating income3.71.9
Unallocated external operating expenses(31.3)(13.3)
Total EBITDAFI as per income statement
1
189.060.3
Investment property fair value increase(93.8)131.5
Derivative fair value change(0.3)(0.6)
Share of profit/(loss) of associate and joint ventures3.0(17.4)
Depreciation(68.7)(53.7)
Interest expense and other finance costs(30.7)(26.8)
Profit/(loss) before taxation
(1.5)93.3
1 EBITDAFI is a non-GAAP measure. Refer to the 2022 Financial Report, note 3(e).
The income included in unallocated external operating income consists mainly of interest payments from
third-party financial institutions and income from telecommunication and technology services provided to
tenants. The expenses included in unallocated external operating expenses consists mainly of corporate
staff expenses and corporate legal and consulting fees.
Interim Financial Statements 202311

5.
Profit for the period
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
$M$M
Staff expenses comprise:
Salaries and wages31.325.5
Capitalised salaries and wages(7.0)(4.7)
Employee benefits2.83.1
Share-based payment plans(0.2)0.1
Defined contribution superannuation0.90.9
Government wage subsidy-(4.2)
Other staff costs1.71.0
29.521.7
Interest expense and other finance costs comprise:
Interest on bonds and related hedging instruments18.014.1
Interest on bank facilities and related hedging instruments9.610.5
Interest on AMTN notes and related hedging instruments6.94.6
Interest on commercial paper and related hedging instruments3.11.4
37.630.6
Less capitalised borrowing costs(6.9)(3.8)
30.726.8
Interest rate for capitalised borrowings costs4.77%4.32%
The interest expense amounts disclosed in the table above are net of the impact of interest rate hedges.
The gross interest costs of bonds, bank facilities, Australian Medium Term Notes ('AMTN') and commercial
paper, excluding the impact of interest rate hedges, was $35.6 million for the period ended 31 December
2022 (restated 31 December 2021: $25.6 million).
Notes and accounting policies
CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

6.
Reconciliation of profit after taxation with cash flow from
operating activities
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
$M$M
Profit after taxation
4.8108.8
Adjustments for:
Depreciation68.753.7
Deferred taxation benefit(6.5)(16.2)
Fixed asset write-offs0.10.1
Share-based payments(0.2)0.1
Equity-accounted loss/(earnings) from associate and joint ventures(3.0)17.4
Investment property fair value decrease/(increase)93.8(131.5)
Derivative fair value decrease0.30.6
Items not classified as operating activities:
(Increase)/decrease in property, plant and equipment retentions
and payables(4.9)36.3
Increase in investment property retentions and payables(3.9)(1.4)
Increase in investment property lease incentives and receivables(1.8)(8.3)
Items recognised directly in equity1.00.6
Movement in working capital:
(Increase)/decrease in trade and other receivables(30.2)3.4
Decrease in taxation receivable/(payable)(0.1)0.6
Increase/(decrease) in accounts payable and provisions22.3(34.5)
Decrease in other term liabilities(0.1)(0.1)
Net cash flow from operating activities
140.329.6
Interim Financial Statements 202313

7.
Associate and joint ventures
Movement in the group’s carrying amount of investments in associate and joint ventures
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
$M$M
Investment in associate and joint ventures at the beginning of the period166.5154.4
Further investment in joint ventures6.15.9
Share of profit/(loss) after tax of associate and joint ventures3.0(17.4)
Share of dividends received and repayment of partner contribution(0.3)(2.5)
Investment in associate and joint ventures at the end of the period
175.3140.4
Share of (loss)/profit after tax of associate
and joint ventures
In the comparative six-month period ended
31 December 2021, the group recognised its
$20.5 million share of a $41.0 million revaluation loss
on the Pullman hotel. The hotel is under construction
and owned by Tainui Auckland Airport Hotel 2
Limited Partnership (joint venture). The revaluation
loss arose due to an increase in construction costs
compared to an independent valuation of the hotel
as at expected completion during the financial year
ended 30 June 2024.
The construction of the hotel was split into two
phases due to the impact of COVID-19. The first
phase was to complete the facade and structural
elements under the original contract, which was
completed on time and to budget. The second
phase was to carry out all internal fit-outs ready for
opening. During the six months ended 31 December
2021, the joint venture re-tendered the second
phase at a higher cost than the original contract. The
total cost of the project is forecast to be
$221.0 million. The second phase started in January
2022 and is currently tracking to budget and
programme.
At 31 December 2021, an independent valuation
performed by JLL determined a fair valuation of
$180.0 million, resulting in a revaluation loss of
$41.0 million for the joint venture. Auckland Airport's
share of the revaluation loss was $20.5 million. The
valuation was prepared on the basis of ‘material
valuation uncertainty’, and therefore the valuer
advised that less certainty should be attached to the
valuation than would normally be the case.
At 31 December 2022, the group assessed that the
carrying value of the Pullman hotel was not
materially different from fair value given there was no
material change in the key valuation inputs since the
December 2021 valuation, or the forecast
completion cost. The next planned revaluation will
align with the Novotel valuation for the year ended
30 June 2023.
Carrying value of investments in associate and joint ventures
UnauditedAudited
As at
31 Dec 2022
As at
30 Jun 2022
$M$M
Tainui Auckland Airport Hotel Limited Partnership40.640.6
Tainui Auckland Airport Hotel 2 Limited Partnership36.830.6
Queenstown Airport Corporation Limited
97.995.3
Total
175.3166.5
Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

8.
Distribution to shareholders
As part of the changes negotiated to Auckland Airport’s banking covenants in February 2022, Auckland
Airport agreed that no dividends will be paid until after 31 December 2022 (period ended 31 December
2021: no dividend paid).
The company has a dividend reinvestment plan, but this was inactive during the period as no dividend
was paid.
9.
Property, plant and equipment
UnauditedAudited
As at
31 Dec 2022
As at
30 Jun 2022
$M$M
Carried at fair value6,696.06,662.0
Carried at cost231.2221.7
Work in progress at cost527.9358.6
Accumulated depreciation(324.8)(256.2)
Net carrying amount
7,130.36,986.1
The group carries land, buildings and services,
infrastructure and runway, taxiways and aprons at
fair value.
At 31 December 2022 and 31 December 2021 the
group undertook a desktop review of the property,
plant and equipment balances carried at fair value.
•For land assets previously formally revalued
using the discounted cash flow approach, the
31 December 2022 desktop assessment
compared today's expectations regarding the
timing and shape of the recovery from
COVID-19 with the independent valuers' views
at the last formal valuation as at 30 June 2022.
Those expectations have remained materially
unchanged.
•For land assets previously formally revalued
using the market value alternative use and direct
sales comparison approaches, the desktop
assessment considered the outcome of the
investment property desktop review described
in note 10, in particular the vacant land
component.
•For all other assets previously formally revalued
using the optimised depreciated replacement
cost approach, the desktop assessment
considered movements in the capital goods
price index.
These assessments indicated that there was no
material fair value movement in any class of
property, plant and equipment from 30 June 2022.
Vehicles, plant and equipment and work in progress
are carried at cost.
Additions to property, plant and equipment were
$214.5 million for the six months ended
31 December 2022 (six months ended
31 December 2021: $90.7 million).
There were transfers to investment property of $1.6
million during the six months ended 31 December
2022 (six months ended 31 December 2021: nil).
The following categories of property, plant and
equipment are leased to tenants:
•Aeronautical land, including land associated
with aircraft, freight and terminal use carried at
$319.8 million (30 June 2022: $319.8 million);
•Land associated with retail facilities within
terminal buildings carried at $1,452.4 million
(30 June 2022: $1,452.4 million); and
•Space within terminal buildings, being 15% of
total floor area or $217.5 million (30 June 2022:
14% of total floor area or $183.0 million).
Interim Financial Statements 202315

10.
Investment properties
UnauditedAudited
6 months to
31 Dec 2022
12 months to
30 Jun 2022
$M$M
Balance at the beginning of the period2,897.42,641.4
Additions41.439.5
Transfer from property, plant and equipment (note 9)1.60.7
Write-offs--
Change in net revaluations(93.8)204.4
Lease incentives capitalised0.78.2
Lease incentives amortised(1.5)(2.4)
Spreading of fixed rental increases2.65.6
Balance at the end of the period
2,848.42,897.4
Investment property is measured at fair value, which
reflects market conditions at balance date. To
determine fair value, the group ordinarily
commissions investment property valuations at
30 June each year and undertakes a desktop review
at 31 December each year. Auckland Airport also
reviews investment properties that are recently
constructed or in the latter stages of construction
at 31 December each year.
At 31 December 2022 and 31 December 2021, the
group undertook more comprehensive desktop
revaluations than the desktop reviews the group
ordinarily performs at 31 December each year. The
changed approach was considered prudent due to
changes in market capitalisation rates.
During the period ended 31 December 2022, an
increase in capitalisation rates indicated a potential
decrease in investment property valuations.
However, this was partially offset by growth in
market rental rates across the industrial asset class.
The desktop revaluations were performed by
Colliers, Savills and JLL based on key valuation
metrics. The valuers did not re-inspect the
properties but undertook relevant investigations,
including considering any tenant changes,
assessing market rentals and reviewing
capitalisation rates in order to determine the
desktop value of the group’s investment properties.
The desktop revaluations have been reviewed and
assessed by management and subsequently
adopted by the group, resulting in a fair value
decrease of $93.8 million or 3.2% for the overall
portfolio for the six months ended 31 December
2022 (31 December 2021: increase of
$131.5 million or 4.9%).
The following categories of investment property are
leased to tenants:
•Retail and service carried at $378.2 million
(30 June 2022: $328.8 million);
•Industrial carried at $1,856.2 million (30 June
2022: $1,879.8 million); and
•Other investment property carried at
$180.5 million (30 June 2022: $221.9 million).
Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

11.
Issued and paid-up capital and earnings per share
UnauditedUnauditedUnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
6 months to
31 Dec 2022
6 months to
31 Dec 2021
$M$MSharesShares
Opening issued and paid-up capital1,680.21,679.21,472,195,1311,472,034,637
Shares fully paid and allocated to
employees by employee share scheme0.60.574,47089,200
Shares vested to employees participating
in long-term incentive plans-0.4-58,194
Closing issued and paid-up capital
1,680.81,680.11,472,269,6011,472,182,031
Earnings per share
The earnings used in calculating basic and diluted earnings per share is net profit attributable to equity
holders of $4.0 million (six months ended 31 December 2021: $108.8 million).
The weighted average number of shares used to calculate basic and diluted earnings per share is as follows:
UnauditedUnaudited
6 months to
31 Dec 2022
6 months to
31 Dec 2021
SharesShares
For basic earnings per share1,472,220,2231,472,086,424
Dilution effect of share options60,776336,096
For diluted earnings per share
1,472,280,9991,472,422,520
The reported basic earnings per share for the six months ended 31 December 2022 is 0.33 cents (six
months ended 31 December 2021: 7.39 cents).
The reported diluted earnings per share for the six months ended 31 December 2022 is 0.33 cents (six
months ended 31 December 2021: 7.39 cents).
Interim Financial Statements 202317

12.
Borrowings
UnauditedAudited
As at
31 Dec 2022
As at
30 Jun 2022
$M$M
Current
Commercial paper167.0142.6
Bank facilities65.073.0
Bonds325.0300.0
Total short-term borrowings
557.0515.6
Non-current
Bank facilities125.0165.0
Bonds661.1516.2
AMTN notes268.0279.8
Total term borrowings
1,054.1961.0
Total
Commercial paper167.0142.6
Bank facilities190.0238.0
Bonds986.1816.2
AMTN notes268.0279.8
Total borrowings
1,611.11,476.6
In the six-month period to 31 December 2022, the
company undertook the following bank and
financing activity:
•The issuance of $150.0 million of three-year
floating rate notes in October 2022 which was
used to refinance the maturing $100 million
floating rate notes and provide additional
liquidity;
•The issuance of $225.0 million of 5.5-year,
5.67% fixed rate bonds in November 2022,
which was used to refinance the maturing
$100 million fixed rate bonds and provide
additional liquidity; and
•In November 2022 the company entered into
the following new bank facilities:
•a $125 million three-year facility with
Commonweath Bank of Australia;
•a $125 million four-year facility with
Commonweath Bank of Australia;
•a $125 million four-year facility with China
Construction Bank Corporation; and
•a $50 million three-year facility with MUFG
Bank, Ltd.
The following facilities either matured or were
cancelled:
•The AU$90 million facility with Commonweath
Bank of Australia matured in November 2022.
•The $95 million facility with China Construction
Bank Corporation matured in November 2022.
•The $50 million facility with MUFG Bank, Ltd
that was set to mature in February 2023 was
cancelled.
The two $195 million bank facilities with MUFG Bank
Ltd and Westpac New Zealand Limited were both
reduced to $110 million. The net effect of the above
bank refinancing activity was an increase in total
available facilities of $10 million.
As at 31 December 2022, the company had
undrawn bank facilities of $1,013.0 million (30 June
2022: $954.5 million).
During the current and prior periods, there were no
defaults or breaches on any of the borrowing
facilities.
Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

The group has negotiated modified interest
coverage covenants applying from calendar year
2022 onwards. The EBITDA-based measures step
up progressively, broadly in line with the anticipated
COVID-19 recovery. The interest coverage
covenants are summarised in note 3.
The carrying amount of AMTN notes has reduced
due to foreign exchange rate movements. The
foreign currency exposure is fully hedged by cross-
currency interest rate swaps, which have similarly
reduced in value (refer to note 14).
13.
Financial risk management
The group has a treasury policy which limits
exposure to market risk for changes in interest rates
and foreign currency, liquidity risk and counter-party
credit risk. The group has no other material direct
price risk exposure.
The interim financial statements do not include all
financial risk management information and
disclosures and should be read in conjunction with
note 18 of the 2022 Financial Report.
Further information is also contained in the risk
management section of the 2022 Annual Report.
There have been no significant changes in the
financial risk management objectives and policies
since 30 June 2022.
14.
Fair value of financial instruments
There have been no transfers between levels of the
fair value hierarchy used in measuring the fair value
of financial instruments in the period to
31 December 2022 (30 June 2022: nil).
The following financial instruments are carried at
amortised cost, which approximates their fair value:
•Cash;
•Trade and other receivables;
•Accounts payable and accruals;
•Other term liabilities; and
•Borrowings issued at floating rates.
Borrowings issued at fixed rates, including bonds
and AMTN notes, are also carried at amortised
cost, which differs from their fair value. The fair
values are shown in the table below for comparative
purposes and are determined as follows:
•The group’s bonds are classified as level 1. The
fair value of the bonds is based on the quoted
market prices for these instruments at balance
date; and
•The group’s AMTN notes are classified as level
2. The fair value of the AMTN notes has been
determined at balance date on a discounted
cash flow basis using the AUD Bloomberg
curve and applying discount factors to the
future AUD interest payment and principal
payment cash flows.
UnauditedAudited
31 Dec 202230 Jun 2022
Carrying
amount
Fair
value
Carrying
amount
Fair
value
$M$M$M$M
Bonds986.1983.1816.2816.5
AMTN notes268.0282.5279.8285.0
Interim Financial Statements 202319

14.
Fair value of financial instruments CONTINUED
The group’s derivative financial instruments are carried at fair value and are classified as level 2. The fair
values are determined on a discounted cash flow basis. The future cash flows are forecast using the key
inputs presented in the table below. The forecast cash flows are discounted at a rate that reflects the
credit risk of both counterparties to the derivative financial instruments.
UnauditedAudited
Fair value
As at
31 Dec 2022
Fair value
As at
30 Jun 2022
$M$MValuation key inputs
Interest rate swaps
Forward interest rates (from observable yield
curves) and contract interest rates
Assets50.328.1
Liabilities(13.8)(11.6)
Cross-currency interest
rate swaps
Liabilities(17.8)(5.0)
Forward interest and foreign exchange rates
(from observable yield curves and forward
foreign exchange rates) and contract rates
15.
Commitments
(a) Property, plant and equipment
The group had contractual obligations to purchase
or develop property, plant and equipment for
$206.8 million at 31 December 2022 (30 June 2022:
$198.8 million).
(b) Investment property
The group had contractual obligations to purchase,
develop, repair or maintain investment property for
$24.6 million at 31 December 2022 (30 June 2022:
$34.3 million).
(c) Joint ventures
At 31 December 2022, the Tainui Auckland Airport
Hotel 2 Limited Partnership (joint venture) had
contractual obligations of $38.3 million to develop
a new Pullman hotel (30 June 2022: $82.0 million).
The group's share of those commitments was
$19.2 million at 31 December 2022 (30 June 2022:
$41.0 million)
Notes and accounting policies CONTINUED
FOR THE SIX MONTHS ENDED 31 DECEMBER 2022

16.
Contingent liabilities
Noise insulation
Auckland Airport Designation 1100, contained in the
Auckland Unitary Plan, sets out Auckland Airports'
obligations for noise mitigation for properties
affected by aircraft noise. This includes obligations
to mitigate the impact of aircraft noise through the
installation of noise mitigation packages to existing
dwellings and schools. The noise mitigation
packages provide treatment of dwellings to achieve
an internal noise environment of no more than 40dB.
The company is required to subsidise 100% of
treatment costs for properties in the high aircraft
noise area and 75% in the medium aircraft noise
area.
The aircraft noise contours included in Designation
1100 reflect the long-term predicted aircraft noise
levels generated by aircraft operations from the
existing runway and proposed northern runway.
Annually, the company projects the level of noise
that will be generated from aircraft operations for the
following 12 months. These annual projections
confirm which dwellings and schools are eligible for
noise mitigation each year and offers are sent out to
those affected properties. It is at the discretion of the
individual landowner whether they accept a noise
mitigation package.
Projections are undertaken annually to determine
eligibility, and the rate of acceptance of offers of
treatment by landowners is variable. However, it is
estimated that further costs on noise mitigation
should not exceed $7.7 million (30 June 2022:
$7.8 million).
Contractor claims
A contingent liability of $4.6 million (30 June 2022:
$7.3 million) is estimated for contractor claims in
respect of capital works which are under ongoing
independent assessment of both entitlement and
value. The group has taken a conservative view and
recognised the total uncertified contractor claims as
a contingent liability.
17.
Events subsequent to balance date
On 27 January 2023, Auckland experienced
widespread flash flooding caused by record-
breaking rainfall. Auckland Airport experienced
flooding across the precinct and particularly the
international terminal building. Both the domestic
and international terminals were closed for short
periods starting that evening, with domestic flights
resuming at midday on 28 January 2023 and
international flights from the morning of 29 January
2023.
Auckland Airport experienced flood damage to
assets across its precinct. The most significant
areas of damage were to check-in, baggage and
vertical transportation at the international terminal
building. Auckland Airport has material damage,
business interruption and construction works
insurance policies and is working with its insurance
assessors to determine the flood-related losses and
claims. It is too early to reliably estimate the value
of the claims.
From 12 to 14 February 2023, the North Island of
New Zealand was battered by Cyclone Gabrielle,
bringing heavy rains and high winds to Auckland.
There was no further material damage to Auckland
Airport’s assets and the terminals remained open.
However, all domestic flights and most international
flights were cancelled for approximately two days.
On 17 February 2023, the directors of Queenstown
Airport declared a final dividend of $6.0 million for the
period ended 31 December 2022. The group’s
share of the dividend is $1.5 million.
On 22 February 2023, the directors of Auckland
Airport resolved that no interim dividend would be
declared for the period ended 31 December 2022.
Interim Financial Statements 202321

INDEPENDENT AUDITOR’S REVIEW REPORT
TO THE SHAREHOLDERS OF AUCKLAND INTERNATIONAL AIRPORT LIMITED
Conclusion
We have reviewed the condensed consolidated interim financial statements (‘interim financial statements’) of
Auckland International Airport Limited (‘the Company’) and its subsidiaries (‘the Group’) which comprise the
consolidated interim statement of financial position as at 31 December 2022, and the consolidated interim
income statement, statement of comprehensive income, statement of changes in equity and cash flow statement
for the six months ended on that date, and a summary of significant accounting policies and other explanatory
information on pages 2 to 21.
Based on our review, nothing has come to our attention that causes us to believe that the interim financial
statements of the Group do not present fairly, in all material respects, the financial position of the Group as at
31 December 2022 and its financial performance and cash flows for the six months ended on that date in
accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting.
Basis for Conclusion
We conducted our review in accordance with NZ SRE 2410 (Revised) Review of Financial Statements Performed
by the Independent Auditor of the Entity (‘NZ SRE 2410 (Revised)’). Our responsibilities are further described in
the Auditor’s Responsibilities for the Review of the Interim Financial Statements section of our report.
We are independent of the Group in accordance with the relevant ethical requirements in New Zealand relating
to the audit of the annual financial statements, and we have fulfilled our other ethical responsibilities in
accordance with these requirements.
Our firm carries out other assignments for the Group in the area of greenhouse gas inventory assurance
reporting, trustee reporting and assurance reporting for regulatory reporting as well as non-assurance services
provided to the Corporate Taxpayers Group of which the Company is a member. These services have not
impaired our independence as auditor of the Company and Group. In addition to this, partners and employees
of our firm deal with the Company and its subsidiaries on normal terms within the ordinary course of trading
activities of the business of the Company and its subsidiaries. The firm has no other relationship with, or interest
in, the Company or any of its subsidiaries.
Directors’ responsibilities for the interim financial statements
The directors are responsible on behalf of the Group for the preparation and fair presentation of the interim
financial statements in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial
Reporting and for such internal control as the directors determine is necessary to enable the preparation and
fair presentation of the interim financial statements that are free from material misstatement, whether due to
fraud or error.
Auditor’s responsibilities for the review of the interim financial statements
Our responsibility is to express a conclusion on the interim financial statements based on our review. NZ SRE
2410 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe
that the interim financial statements, taken as a whole, are not prepared, in all material respects, in accordance
with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting.
A review of the interim financial statements in accordance with NZ SRE 2410 (Revised) is a limited assurance
engagement. We perform procedures, primarily consisting of making enquiries, primarily of persons responsible
for financial and accounting matters, and applying analytical and other review procedures. The procedures
performed in a review are substantially less than those performed in an audit conducted in accordance with
International Standards on Auditing (New Zealand) and consequently do not enable us to obtain assurance
that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do
not express an audit opinion on the interim financial statements.
Restriction on use
This report is made solely to the Company’s shareholders, as a body. Our review has been undertaken so that
we might state to the Company’s shareholders those matters we are required to state to them in a review report
and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the Company’s shareholders as a body, for our engagement, for this report, or for the
conclusions we have formed.

Andrew Dick
Partner
for Deloitte Limited
Auckland, New Zealand
22 February 2023
Interim Financial Statements 202323

Reporting entity
The company was incorporated on 20 January
1988, under the Companies Act 1955, and
commenced trading on 1 April 1988. The company
was re-registered under the Companies Act 1993
on 6 June 1997. On 25 June 1998, the company
adopted a revised constitution, approved as
appropriate for a publicly listed company. Further
revisions of the constitution were adopted on
21 November 2000, 18 November 2002,
23 November 2004 and 23 October 2019 to
comply with NZX and ASX Listing Rule
requirements.
The company was registered in Australia as a foreign
company under the Corporations Law on
22 January 1999 (ARBN 085 819 156) and was
granted Foreign Exempt Listing Entity status by ASX
on 22 April 2016.
Stock exchange listings
The company’s shares were quoted on the NZX on
28 July 1998. The company’s shares were quoted
on the ASX effective 1 July 2002. The company is
not subject to chapters 6, 6A, 6B and 6C of the
Australian Corporations Act dealing with the
acquisition of shares (i.e. substantial holdings and
takeovers).
The total number of voting securities on issue as at
31 December 2022 was 1,472,820,947.
Auditors
Deloitte Limited has continued to act as external
auditor of the company and has undertaken a review
of the interim financial statements for the six months
ended 31 December 2022. The external auditor is
subject to a partner rotation policy.
Credit rating
As at 31 December 2022, the S&P Global Ratings’
long-term credit rating for the company was A-
Stable Outlook.
Company publications
The company informs investors of the company’s
business and operations by issuing an annual report
(with notice of meeting) and interim financial
statements.
Enquiries
Shareholders with enquiries about transactions,
changes of address or dividend payments should
contact Link Market Services Limited on +64 9 375
5998. Other questions should be directed to the
Company Secretary at the registered office.
Share registrars
New Zealand:
Link Market Services Limited
Level 11, Deloitte Centre
80 Queen Street
Auckland 1010
PO Box 91976
Auckland 1142
Australia:
Link Market Services Limited
Level 12
680 George Street
Sydney
NSW 2000
Locked Bag A14
Sydney South
NSW 1235
Financial calendarHalf-yearFull-year
Results announcementFebruaryAugust
Reports publishedFebruaryAugust
Annual meeting-October
Disclosure financial statements-November
Shareholder information

DIRECTORS
Patrick Strange, chair
Mark Binns
Mark Cairns
Dean Hamilton
Julia Hoare
Liz Savage
Tania Simpson
Christine Spring
SENIOR MANAGEMENT
Carrie Hurihanganui
chief executive
Philip Neutze
chief financial officer
Melanie Dooney
chief corporate services officer
Jonathan Good
chief digital officer
André Lovatt
chief infrastructure officer
Scott Tasker
chief customer officer
Mark Thomson
chief commercial officer
Mary-Liz Tuck
chief sustainability and masterplanning officer
REGISTERED OFFICE NEW ZEALAND
4 Leonard Isitt Drive
Auckland Airport Business District
Manukau 2022
New Zealand
Phone: +64 9 275 0789
Freephone: 0800 Airport (0800 247 7678)
Facsimile: +64 9 275 4927
Email: tellus@aucklandairport.co.nz
Website: www.aucklandairport.co.nz
REGISTERED OFFICE AUSTRALIA
c/o KPMG
147 Collins Street
Melbourne
Victoria 3000
Australia
Phone: +61 3 9288 5555
Facsimile: +61 3 9288 6666
Website: www.kpmg.com.au
MAILING ADDRESS
Auckland International Airport Limited
PO Box 73020
Auckland Airport
Manukau 2150
New Zealand
GENERAL COUNSEL
Ian Beaumont – Russell McVeagh
AUDITORS
External auditor – Deloitte Limited
Internal auditor – Ernst & Young
Share registry auditor – Grant Thornton
Corporate directory
Interim Financial Statements 202325

---

Interim Results
Presentation
23 February 2023
Carrie Hurihanganui
Chief Executive
Philip Neutze
Chief Financial Officer

2023
Interim Results
Important notice
2
Disclaimer
This presentation is given on behalf of Auckland International Airport Limited (NZX: AIA; ASX: AIA; ADR: AUKNY). Information in this presentation:
•is provided for general information purposes only, and is not an offer or invitation for subscription, purchase, or recommendation of securities in Auckland International
Airport Limited (Auckland Airport);
•should be read in conjunction with, and is subject to, Auckland Airport’s unaudited interim financial statements for the six months ended 31 December 2022, prior annual
and interim reports, and Auckland Airport's market releases on the NZX and ASX;
•may include forward-looking statements about Auckland Airport and the environment in which it operates which are subject to uncertainties and contingencies outside of
Auckland Airport's control. Auckland Airport's actual results or performance may differ materially from these statements;
•includes statements relating to past performance, which should not be regarded as a reliable indicator of future performance;and
•may contain information from third parties believed to be reliable; however, no representations or warranties are made as to theaccuracy or completeness of such
information.
All information in this presentation is current at the date of this presentation, unless otherwise stated. Auckland Airport is not under any obligation to update this presentation at
any time after its release, whether as a result of new information, future events, or otherwise.
All currency amounts are expressed in New Zealand dollars unless otherwise stated and figures, including percentage movements, are subject to rounding.
Refer to page 39 for a glossary of the key terms used in this presentation.
Non-GAAP measures
This presentation contains references to non-GAAP measures including EBITDAFI, EBITDA and underlying profit or loss. A reconciliation between reported profit after tax and
the non-GAAP measure of underlying profit or loss is included in the Appendix.
The directors and management of Auckland Airport understand the importance of reported profits meeting accounting standards. Because we comply with accounting
standards, investors know that comparisons can be made with confidence between different companies and that there is integrity in our reporting approach. However, we
believe that an underlying profit or loss measurement can also assist investors to understand what is happening in a businesssuch as Auckland Airport, where revaluation
changes can distort financial results or where one-off transactions, both positive and negative, can make it difficult to compare profits between years.
For several years Auckland Airport has referred to underlying profit or loss alongside reported results. We do so when we reportour results, but also when we give our market
guidance (where we exclude fair value changes and other one-off items) or when we consider dividends and our policy to pay 100% of underlying profit after tax (excluding
unrealisedgains and losses arising from revaluation of property or treasury instruments and other one-off items).
In referring to underlying profits or losses, we acknowledge our obligation to show investors how we have derived this result.

Highlights

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Results at a glance
1.Auckland Airport recognises EBITDAFI and underlying profit or loss are non-GAAP measures. A reconciliation between reported profit after tax and underlying loss after tax is included in the appendix
2.Net capital expenditure additions after $0.1m of capital expenditure impairments
4
128% on 1H22
Revenue
$287.8m
213% on 1H22
EBITDAFI
$189.0m
Reported profit
after tax
$4.8m
96% on 1H22
Passenger
movements
7.6m
Aircraft
movements
69,936
117% on 1H22
Interim
dividend
0.0cps
Capital
investment
$261.6m
124% on 1H22
1H23 earnings per
share of 0.33cps
Underlying
profit after tax
$67.9m
690% on 1H22
1H23 underlying profit
per share of 4.62cps
2
1
1H23 EBITDAFI
margin of 65.7%
(78% of 1H19)
(3% of 1H19)
341% on 1H22
(71% of 1H19)
(68% of 1H19)(50% of 1H19)(77% of 1H19)(198% of 1H19)
1
1

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
The recovery in aviation driving improved results
Aeronautical
$101.5m revenue 195%
7.6m passengers comprising:
3.2m international
0.3m transits
4.1m domestic
Largely reopen (ITB 87%, DTB 95%)
Retail IPP
3
up 102%
$2.8b portfolio valuation
$94m fair value decrease (3%)
$133m annual rent roll
$65.1m revenue 19%
Property
Retail
Strong activity reflecting increased
demand for self-drive
parking exits up 293%
Parking
Strong demand driving rate growth
61% average occupancy across both
hotels (vs total hotel rooms)
Staff shortages capped available
rooms
5
$22.4m revenue
4
173%
Hotels
Queenstown
$30.0m revenue 136%
PAX volumes have exceeded pre-
COVID levels
379k International
845k Domestic
$59.4m income 761%$27.5m revenue 216%
3.Retail income per passenger
4.Includes ibis Budget Hotel and 100% of Novotel hotel revenues
5.The Novotel hotel was solely occupied by the Ministry of Health in the six months to 31 December 2021 as a managed isolation andquarantine facility
5

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
110%
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
FY20FY21FY22FY23
Monthly PAX as a % of FY19
International (incl transits)Domestic
6
Passenger numbers recovering
Monthly passenger numbers
No domestic and international travel restrictions for most of 1H23 enabled further recovery of international PAX in the six
months to 31 December 2022. Total passenger numbers are expected to be back to pre-pandemic levels during 2025
•Domestic passenger volumes
quickly recovered, but stabilised
below pre-COVID-19 levels in
1H23 reflecting lower capacity
deployed from domestic operators
•International air travel has
continued to strengthen in the
period as connectivity has
improved, connecting New
Zealand to more global
destinations,and the addition of
further capacity to existing routes
•International air travel demand is
now stronger than at any time
since COVID-19 first closed our
border and is expected to
progressively recover further as
additional capacity is deployed
Dec
-
22

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
7
We are ‘building a better future’
Reconnecting New Zealand to the
world through the return of
international carriers
Plane
Investment in aeronautical
infrastructure and commercial property
developments
Recovery in our commercial
businesses as system activity
increases
Foundation work on the Eastern Bag HallInternational retail reopens following easing of travel
restrictions
Extension of services through return of previous international
carriers and announcement of new routes
Insert new INT carrier
Insert Eastern Bag Hall image

Financial
performance

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Total passenger numbers up reflecting the recovery
For the six months ended 31 December 20222021Change
Pre-COVID
2018
6
% of pre-
COVID 2018
International arrivals
1,646,063114,4001,339%2,724,02160%
International departures
1,537,116137,5181,018%2,570,48660%
International passengers excluding transits
3,183,179251,9181,164%5,294,50760%
Transit passengers
291,4506,5064,380%533,20055%
Total international passengers
3,474,629258,4241,245%5,827,70760%
Domestic passengers
4,103,1161,461,142181%4,816,70685%
Total passengers
7,577,7451,719,566341%10,644,41371%
•Total PAX volumes increased 341% in the six months to 31 December 2022 reflecting the continued recovery in international
travel following the reopening of the country’s border
•International PAX recovered to 60% of their pre-COVID-19 equivalent in 1H23 and reached 69% in December 2022. Demand
remains strong, with limited airline capacity
•Domestic PAX volumes plateaued at 85% of pre-COVID-19 levels
9
6.Comparative information for the six-month period to December 2018 has been included to compare the 1H22 performance against 1H19, i.e. the last financial year that immediately preceded the
COVID-19 pandemic
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
For the six months ended 31 December 20222021Change
Pre-COVID
2018
7
% of Pre-
COVID 2018
Aircraft movements
International aircraft movements
19,1338,349129%29,10166%
Domestic aircraft movements
50,80323,846113%61,77582%
Total aircraft movements
69,93632,195117%90,87677%
MCTOW (tonnes)
International MCTOW
1,815,742
996,752
82%3,003,55060%
Domestic MCTOW
1,001,246
487,280
105%1,203,15383%
Total MCTOW
2,816,988
1,484,033
90%4,206,70367%
•International aircraft movements and MCTOW increased by 129% and 82% respectively following the return of a significant
portion of the network
•Domestic aircraft movements and MCTOW increased by 113% and 105% respectively, reflecting no domestic travel restrictions
in the six months to 31 December 2022 compared with the major disruptions experienced during the prior period
•International and domestic seat capacity recovered to 69% and 89% respectively of the pre-COVID-19 equivalents in December
2022
Aircraft movements and MCTOW
10
7.Comparative information for the six-month period to December 2018 has been included to compare the 1H22 performance against 1H19, i.e. the last financial year that immediately preceded the
COVID-19 pandemic
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
Return to underlying profit
For the six months ended 31 December($m)20222021Change
Revenue
287.8 126.2 128%
Expenses
98.8 65.9 50%
Earnings before interest, taxation, depreciation,
fair value adjustments and investments in associates(EBITDAFI)
8
189.0 60.3 213%
Share of profit / (loss) from associate and joint ventures
3.0 (17.4)117%
Derivative fair value change
(0.3)(0.6)50%
Investment property fair value change
(93.8)131.5 (171)%
Depreciation expense
68.7 53.7 28%
Interestexpense
30.7 26.8 15%
Taxationbenefit
(6.3)(15.5)59%
Reported profit after tax
4.8 108.8 (96)%
Underlying profit / (loss)after tax
8
67.9 (11.5)690%
8.Auckland Airport recognisesEBITDAFI and underlying profit or loss are non-GAAP measures. A reconciliation between reported profit after tax and underlying profit/(loss) after tax is included in the appendix
11
•Underlying profit returned with significant growth in aeronautical activity driving higher revenues versus a proportionately smaller
increase in operational expenses to facilitate the recovery
•Strong recovery was also seen in Queenstown with a $2.9 million share of profits (1H22: $0.2 million) driven by strong recovery
at Queenstown Airport
•EBITDAFI margin improved from 48% to 66% as economies of scale return

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
Higher PAX numbers driving improved performance
For the six months ended 31 December($m)20222021Change
Airfield income
40.926.256%
Passenger charges
60.68.2639%
Retail income
59.46.9761%
Car park income
27.58.7216%
Investment property rental income
65.154.819%
Other rental income
13.78.267%
Other income
20.613.256%
Total revenue
287.8126.2128%
•Aeronautical income rose significantly in the period as the recovery in aviation flowed through to higher airfield and
passenger revenues.Auckland Airport provided a total of $3.7 million of incentives to airlines in the period to stimulate
connectivity, the majority via discounts in landing charges
•With the removal of the remaining travel restrictions in the six months to 31 December 2022, income from passenger
charges rose significantly as the number of higher-paying international passengers increased
•With travellers returning, the reopening of retail stores in the international terminal drove a significant increase in retail
income.As a result of a high proportionof the stores open for peak periods of the day during the summer holiday season,
passengers showed a willingness to spend with retail income per passenger rising to 74% of the pre-pandemic equivalent
•Carparking income increased significantly on the prior period also as the combined effects of strong propensity to park, no
domestic lockdowns in the year and the reopening of all parking products for the period drove revenues
•Property rental income increased by 19% on the prior period driven by rental growth in the existing portfolio, new leases,
and a part-period contribution from new developments
12

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
Operating costs
13
For the six months ended 31 December($m)
20222021Change
Staff
29.5 21.7 36%
Asset management, maintenance and airport operations
40.8 29.5 38%
Rates and insurance
17.4 10.4 67%
Marketing and promotions
1.9 0.8 138%
Professional services and levies
3.0 1.2 150%
Fixed asset impairment
0.1 0.1 0%
Other expenses
6.1 2.6 135%
Reversal of expected credit losses
-(0.4)100%
Total operating expenses
98.8 65.9 50%
Depreciation expense
68.7 53.7 28%
Interest expense
30.7 26.8 15%
•The recovery in aviation necessitated higher staff numbers and outsourced operations for busing, cleaning and parking to
service increased aircraft and passenger throughput
•Normalisingfor the $4.2 million of the Government wage subsidy received in the prior period, the increase in staff costs was
$3.6 million or 14%
•In addition, cost inflation was evident, especially in non-tradable categories with rates and insurance costs rising significantly
in the period

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
14
Significant lift in capital expenditure
•Capital expenditure in the half year of $262 million
9
associated with
terminal integration enabling, property development, airfield renewals
and transportation upgrades
Terminal Integration ($135 million)
•Progressed design across several elements of the Terminal Integration
programme with construction underway on key enabling projects
including the Eastern Bag Hall, Operations Control Centre and airfield
relocations. In addition, construction also commenced on the Transport
Hub
Property ($48 million)
•Completed the preleased development at 6-8 TeKapuaDrive
•Five preleased warehouse and office developments underway, with
completions expected through FY23 to FY25
•Construction commenced on MānawaBay, a 100-store premium outlet
shopping centre development
Airfield ($38 million)
•Renewal and upgrade works of airfield runway slab and aprons and
fuel network.In addition, the purchase of Airfield Ground Lighting
Assets from Airways NZ was completed in the period
Capital expenditure
9.Net capital expenditure additions after $0.1m of capital expenditure write-offs. Includes contributions to investments in joint ventures (Pullman)
0
100
200
300
400
500
1H2320222021202020192018
$m
AeronauticalProperty development
Infrastructure and otherRetail
Car parking
Stronger aeronautical outlook and continuing demand for commercial property on the airport campus have driven a
significant increase in capital expenditure in the period

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
Drawn debt maturity profile for the 12 months ending
167
65
100
25
150
325
150
150
225
284
-
50
100
150
200
250
300
350
400
450
Dec-23Dec-24Dec-25Dec-26Dec-27Dec-28Dec-29
$m
Commercial PaperBank FacilitiesFRNBondsAMTN
15
10.Gearing defined as nominal value of debt plus derivative liabilities divided by nominal value of debt plus derivative liabilities plus the book value of equity
11.Interest coverage defined as reported NPAT plus taxation, interest expense, depreciation, revaluations and derivative changes(broadly EBITDA) divided by interest
12.Test is S&P’s A-rating threshold for Auckland Airport.The metrics provided for June 2022 are per S&P's October 2022 report and December2022 are Auckland Airport estimates.
Strong liquidity position with improved credit metrics
Liquidity of $1,076 million to support the business
•Total drawn debt of $1,611 million at 31 December 2022,
an increase of 9% or $134 million on June 2022
•Committed undrawn bank facility headroom of circa
$1,013 million (Jun-22: $955 million), and $63 million in
available cash (Jun-22: $25 million)
•Raised $375 million of new borrowings through two
NZDCM issues in the period: a $150 million wholesale
floating rate note and a $225 million listed fixed rate bond
•Stronger financial metrics support the return to a ‘business
as usual’ position with our banking syndicate
•A-credit rating maintained
TestDec-22Jun-22
Gearing covenant
10
≤ 60%17.0%15.6%
Interest coverage covenant
11
≥ 1.5x4.99x2.58x
Debt to enterprise value12.3%12.3%
Net debt to enterprise value11.9%12.1%
Funds from operations interest cover
12
≥ 2.5x4.2x2.6x
Funds from operations to net debt
12
≥ 11.0%14.0%6.5%
Weighted average interest cost4.77%4.32%
Average debt maturity profile (years)2.962.29
Percentage of fixed borrowings64.9%71.5%
Key credit metrics

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
Balance sheet remains strong
16
As at($m)
Dec-22Jun-22Change
Non-current assets
10,204.3 10,078.1 1%
Property, plant and equipment
7,130.3 6,986.1 2%
Investment properties
2,848.4 2,897.4 (2)%
Other non-current assets
225.6 194.6 16%
Current assets
143.2 74.8 91%
Cash
62.8 24.7 154%
Other current assets
80.4 50.1 60%
Non-current liabilities
1,500.8 1,391.9 8%
Term borrowings
1,054.1 961.0 10%
Other non-current liabilities
446.7 430.9 4%
Current liabilities
673.0 610.1 10%
Accounts payable and accruals
109.5 87.1 26%
Short-term borrowings
557.0 515.6 8%
Other current liabilities
6.5 7.4 (12)%
Equity
8,173.7 8,150.9 0%
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook

Our continuing
journey

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
18
The recovery in travel is underway
International seat capacity serving Auckland is expected to significantly increase over the remainder of the calendar year
as airlines restart previous Auckland services and launch new routes
1,207
198
297
358
386
579
583
598
667
775
928
954
824
911
963
970
971
1,060
1,024
1,004
16%
37%
55%
69%
76%
92%
92%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
200
400
600
800
1000
1200
Mar-19Apr-22Jun-22Aug-22Oct-22Dec-22Feb-23Apr-23Jun-23Aug-23
Thousands
AustraliaPacific IslandsAsiaAmericasMiddle East% recovery vs 2019
Auckland international seat capacity (000s)
Jul 22
Adelaide, Cairns, Hobart,
Sunshine Coast, Papeete,
Noumea, Honolulu, Houston
Honolulu
Los Angeles via Papeete
Sep 22
Norfolk Island
New York
Oct 22
Chicago
Dallas
San Francisco
Nov 22
Vancouver
Kuala Lumpur via Sydney
Dec 22Dubai direct
Mar 23Bali
Jun 23Sydney-Auckland-New York
Oct 23Los Angeles
Announced and launched airline restarts
Source: Sabre
RespondRecoverAccelerate
ActualForecast
Recovery % versus pre-COVID equivalentDec-22Sept-23
Australia74%89%
Pacific Islands91%86%
Asia40%85%
Americas102%121%
Middle East90%109%

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Perth
Adelaide
Hobart
Sydney
Melbourne
Gold Coast
Brisbane
Norfolk Island
Noumea
Port Vila
Nadi
Papeete
Rarotonga
Niue
Apia
Nuku’
alofa
Honolulu
Santiago
Vancouver
San Francisco
Los Angeles
Chicago
Dallas Fort Worth
Houston
New York
Doha
Dubai
Kuala Lumpur
Singapore
Hong Kong
Guangzhou
Taipei
Shanghai
Seoul
Tokyo
Suspended airlines
Suspended routes
Reconnecting New Zealand to the world
19
23 airlines connected Auckland Airport with 35 destinations internationally as at 31 December 2022. With the restart of
services and the launch of new routes, 24 airlines will connect Auckland Airport with 37 destinations across the Middle
East, Asia, the Americas and the Pacific Islands by September 2023
RespondRecoverAccelerate
Bali
13
13
13
1
Cairns
Sunshine Coast
13.Bali commences March 2023, New York (Qantas) commences June 2023, Los Angeles (Delta) commences October 2023

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
20
Broad-based recovery driven from PAX mix
The recovery in aviation markets is strengthening as Kiwi outbound travellersare joined by increasing numbers of
international visitors. Diverse reasons for travel and strong load factors are further supporting industry confidence
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
27-Feb-2220-Mar-22
10-Apr-22
1-May-22
22-May
12-Jun
3-Jul
24-Jul
14-Aug
4-Sep-22
25-Sep
16-Oct
6-Nov
27-Nov
BusinessHolidayVFROthers
0
10
20
30
40
50
60
70
80
90
Jan
FebMar
Apr
May
Jun
Jul
AugSep
Oct
NovDec
% vs 2019
Non-NZNZTotal
36%
42%
12%
New Zealand arrivalsWeekly visitor arrivals’ purpose of travel
RespondRecoverAccelerate
60%
65%
70%
75%
80%
85%
90%
95%
01-Mar
01-Apr
01-May
01-Jun
01-Jul
01-Aug01-Sep
01-Oct
01-Nov01-Dec
2022 PLF %2019 PLF %
International load factors (PLF) at Auckland

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
5%
21
The recovery is not without its challenges
From labourshortages, poor on-time performance, lost baggage and cost inflation to high ticket prices,a number of
factors are presenting as challenges to the recovery in the aviation system
RespondRecoverAccelerate
Elevated ticket prices from AucklandDisplaced baggage
Worker shortages
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
65%
70%
Australia
Average
international
fare
Singapore
London
Tokyo
Displaced baggage in the arrivals hall
Frankfurt
LA
14.Based on the average non-stop or one-stop economy return airfare from Auckland between February 2023 and July 2023.. Source Skyscanner Travel Insights
NZ
Average Auckland international fares are forecast to
be 51% higher than their pre-COVID-19 equivalent
and domestic 27% higher
14
Queues at the outbound international departure hall
Average
domestic
fare
Delhi

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Retail has reopened as demand recovers
The airport retail proposition has reopened and is serving growing
international passenger numbers
22
Reopening of AeliaDuty Free stores
•Retail income of $59.4 million was up materially on the $6.9 million in
the prior period following the reopening of international retail and strong
domestic passenger volumes
•By 31 December 2022, 95% of the domestic and 87% of the
international retail offerings were open to the public, up from 90% and
45% respectively at 30 June 2022
•With a greater number of stores open and increased coverage during
the day, incomeper passenger lifted 102% to $8.15 versus the six
months to 31 December 2021, circa 75% of the FY19 equivalent
•Retail rent abatements of $51.2 million were provided for the six-month
period, a 46% reduction on the 1H22 equivalent
•Auckland Airport has selected global duty-free operator Lagardère
AWPL as its duty-free partner until the full tender completes and the
successful duty-free operator is in place from June 2025
•The omni-channel offering has resonated strongly with customers with
the ease of pre-purchasingduty and tax-freegoods in advance and
collecting on the day of travel. Income is up eight times on the prior
period
•A new tax-freetech offering by PB Technologies has been launched at
the international terminal,with an extended range available online via
The Mall and now offered within PB Tech stores nationwide
•The off-airport duty and tax-free service via the Collection Point is
recovering well with the addition of new luxury stores from Westfield
Newmarket
RespondRecoverAccelerate
Wondertreerestaurant in the international terminal
$8.15
Retail income per PAX
87%
of the stores open in the
international terminal

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Parking business is recovering well
With a full suite of products open for the period and increased demand,
parking revenue is recovering towards pre-COVID-19 levels
23
•Transport revenue is up three-foldto $27.5 million from the prior period
reflecting the combined effects of:
‒the recovery in international passenger numbers
‒rise in the average period of stay
‒customers trading up in the period to higher-value products
•A new mobility Valet product was launched in the period, providing ease of
access atthe front door of the internationalterminalfor mobility permit
holders
•A new short-stay car park with designated accessible parking spaces opened
in the period, directly opposite the international terminal
Development activity
•Construction of the TransportHub is well underway, which when finalisedwill
provide improved passenger amenity, connectivity and capacity for the
terminal precinct
•In January 2023, we announced $90 million of other transport projects to
support smoother journeys including:
‒a new Park & Ride service to connect southern travellers;
‒a new priority lane on Laurence Stevens Drive for public transport and
high-occupancy vehicles to provide easier access into the airport; and
‒building a new road, TeAra KōrakoDrive, connecting George Bolt
Memorial Drive and Nixon Road
RespondRecoverAccelerate
Construction of the Transport Hub

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Investment property
New temperature-controlled office and warehousedevelopment at
6-8 Kapua Drive
$133 million
Rent roll
152ha
of land available for
property development
15
98.5%
Occupancy
8.8 years
WALT
24
Development momentum, lease renewals and new quality tenants to our
portfolio continue to provide income growth and income diversification
•4.6% increase in rent roll in the six months to December 2022
•1.7% decrease in portfolio value as cap rates increase
•Completed developments include a 13,600m
2
temperature-controlled
office and warehouse facility at 6-8TeKapuaDrive
•Quality pipeline of five new industrial developments currently under
construction. These projects are expected to add a further $8 million
in rental income once completed
MānawaBay
Design completed and construction of the 23,000m
2
net lettable
areaoutlet shopping centreis underway with opening scheduled for
2024
•Strong tenant interest continues
•Targeting a 5 Green Star sustainability rating
Hotels
•73% occupancy in December 2022, constrained by labourshortages
•Construction of the façade of the TeĀrikinuiPullman complete with
fit-out underway.Completion expected in calendar 2023
•Fit-out of the Mercure hotel will be reactivated when demand
recovers
RespondRecoverAccelerate
61%
hotel occupancy in the six
months to December
15.Excludes land allocated to developments under construction

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Continuing to invest in critical infrastructure
Airline consultation on the draft 10-year aeronautical capital plan is ongoing, but expected to be completed soon.In the
meantime, upgrades to key elements of the system continued, including airfield slab, fuel and lighting, fibreand CCTV
25
Purchase of Airways’ airfield lighting
Terminal works
Foundation works for the Eastern Bag Hall
Insert AGL image
Airfield works
RespondRecoverAccelerate
Insert check point Charlie/waste facility image
Upgrade to airside access
Upgrades to the stormwater system including an eastern airside stormwater pond,
eastern arrivals forecourt, terminal enabling and MānawaBay precinct
Utility upgrades

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
26
Significant progress towards terminal integration
•Detailed consultation with airline stakeholders
continues
•Preliminary design of the integrated facility
complete and consulting with customers around
key elements before moving to detailed design
•Construction on key enabling work projects well
underway including:
‒the relocation of the airport operations centreto
a new purpose-built facility that enables closer
collaboration between airport stakeholders;
‒construction of the new Eastern Bag Hall
including provision of increased capacity; and
‒relocation of eastern airfield operations
including livestock, ULDs, airside waste
disposal facility and Checkpoint Charlie
Artist’s illustration of the preliminary design of
the proposed Domestic terminal
Substantial enabling work continues on the design of an integrated terminal that is planned to be tightly integrated with
the existing international terminal building

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
27
Re-energisingthe airport with solar
•A 2.3-megawatt solar array is planned for MānawaBay to
support more than 80 per cent of the centre’santicipated
power usage when it opens in 2024
•Expected to be the largest rooftop solar system in New
Zealand
Artist’s illustration
•A solar array of 1.2 megawatts will be installed on the
14,000m
2
roof of the Transport Hub opposite the
International Terminal
•Output will power the attached office building and electric
vehicle charging stations within its car park
Auckland Airport is looking skywards as we take our first steps to generate onsite renewable energy, with plans for
rooftop solar systems atop of two of our newest buildings

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
28
Continuing on our decarbonisation pathway
Reducing Auckland Airport’s carbon footprint through the use of electric heat pumps for heating in terminal buildings
•Auckland Airport is taking our first steps away from fossil-fuelledheating with the installation of our first electric heat pump in Pier
B of the International Terminal
•The heat pump is expected to save 30 tonnesof carbon per annum
•The new heat pump can heat and cool simultaneously across multiple zones, saving overall energy use
•Once all heat pumps have been installed, this will save 1,500 tonnesof carbon per annum

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Unprecedented level of rainfall with the equivalent of over three January months’ rain falling in one day and two months
ofrain falling in two hours
0
50
100
150
200
250
300
1962197219821992200220122022
Daily rain (mm)
Recent flood at Auckland Airport
29
RespondRecoverAccelerate
Source: NIWA CliFlo(1962 to 2023)
Multiple months of rainfall in one dayHeaviest daily rain ever recorded at the airport
0
50
100
150
200
250
300
Average January
day
Average rainfall
over January
27 January
weather event
mm
132mm of rain in a two-hour period
Friday, 27 January
Source: NIWA CliFlo(1962 to 2023)Source: MetService, Auckland Aerodrome gauge
Incident
Peak rainfall of 132mm
in a two-hour period
Terminals
closed
Domestic terminal
reopened
Domestic flights
resume
International
flights resume
39,900 passengers processed in the 24-hour period
Floodwaters
cleared
13,700 passengers processed on Saturday following
reopening at midday
Saturday, 28 JanuarySunday 29 January
Airport community mobilises to
open operations
International
terminal reopened
0
5
10
15
20
25
30
35
40
45
05:0008:0011:0014:0017:0020:0023:0002:00
30
-
minute depth (mm)
27/28 January 2023

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Climate change studies:
•As part of our ongoing focus on
sustainability, we commissioned a
climate change study in 2019 to
understand the flooding and inundation
risk in critical areas
•In addition, Auckland Airport advanced
further studies to determine the extent
of flooding and inundation under the
following climate change impact
scenarios :
‒RCP* 2.6: 0.3 –1.7°C (low)
‒RCP 4.5: 1.1 –2.6°C (moderate);
and
‒RCP 8.5: 2.6 –4.8°C (high)
•These studies told us that while there
was an increasing risk of flooding our
existing infrastructure was sufficient to
prevent floor flooding under these
scenarios until 2046
Climate change resilience
30
RespondRecoverAccelerate
Like all major infrastructure providers, we are very conscious of how climate change will impact the future environment
we operate in. We are aware of the need to design our future infrastructure to withstand the effects of increasingly
frequent and intense storms and rising sea levels
Infrastructure programme:
•Despite the study findings, Auckland
Airport elected to proactively
commence works on major stormwater
upgrades over the three years to 2025
to prepare for a worst-case climate
change scenario
•These upgrades include:
‒increasing stormwater network
capacity in parallel with the
Domestic Processer, Pier A1 Apron,
Eastern Forecourt, Western Truck
Dock, Inner Terminal Road and
Transport Hub projects
‒diverting stormwater to a new
stormwater pond as part of the
Remote Stands Stage 2 project
•Following the recent 2023 weather
events, Auckland Airport is reviewing
this programmeto understand what
further level of resilience should be
incorporated into the system
Airside stormwater pond
* Representative Concentration Pathway (RCP) is a greenhouse gas concentration (not emissions) trajectory adopted by the United Nations Intergovernmental Panel on Climate Change

2023
Highlights
Financial
performance
Our continuing
journey
Interim Results
Regulatory
and outlook
Building a better future...
31
Re-establishing our aeronautical
network and supporting the recovery
in travel
Driving the recovery in our
commercial business
Continued disciplined approach to
investment in infrastructure and
commercial opportunities
Plane image
RespondRecoverAccelerate
Delta Airlines announced a daily Auckland-Los Angeles
service commencing October 2023
Reopening of AeliaDuty Free in October 2022
Construction of the Transport Hub

Regulatory and
outlook

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
33
Regulatory
Consultation with airlines on aeronautical prices for PSE4 is well underway and is due to be completed by June 2023
•Prices for FY23 to FY27 (PSE4) will be determined following airline consultation on the ‘building block’ forecasts:
‒10-year draft capital plan
‒a forecast recovery in total passenger numbers and aircraft movements to pre-pandemic levels by December 2024 (i.e.
FY25);
‒increasing operational expenditure reflecting forecast growth in passenger numbers and aircraft movements and widespread
inflation pressures;
‒aeronautical infrastructure projects including domestic integration, regional pathway, northern airfield and stands, and
additional roading upgrades; and
‒arise in Auckland Airport’s weighted average cost of capital (WACC) / target return reflecting updated WACC input
parameters as at 30 June 2022
•Prices for FY23 have been held constant at FY22 levels while consultation continues
16
.The price freeze will likely result in an
aeronautical revenue shortfall of more than $100 million in FY23, forecast to be made up over the remainder of PSE4
•Following completion of aeronautical pricing consultation, we are targeting setting aeronautical prices for FY24 through FY27by
June 2023, with changes to take effect from 1 July 2023
Other regulation
•The Civil Aviation Bill remains before Parliament –as currently drafted, it retains the statutory ability for airports to set
aeronautical prices
•The Commerce Commission is currently reviewing the “Input Methodologies” –i.e. the rules and processes that underpin
regulatory information disclosures (and inform aeronautical price setting calculations). This review is due to be completed by
December 2023 with a draft decision expected to be issued for consultation in May 2023 prior to our PSE4 prices being set
16.The adjustment to International and Transit Passenger Charges of $2.00+GST under the Regulatory and Requested Investment (RRI) Policy ended on 30 June 2022 and is not being applied in FY23.
Any under or over-recovery in accordance with the RRI Policy will be considered as part of the PSE4 consultation

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
Outlook
17.Capital expenditures net of any impairments and excluding the impact of reduced termination cost provisions. Includes contributions to investments in joint ventures (Pullman)
34
Guidance
•As we look to the remainder of the 2023 financial year, we
continue to see positive signs in the recovery of the aviation
industry
•Increased connectivity, combined with the reopening of Auckland
Airport’s commercial operations, is supporting earnings for the
remainder of the financial year
•As a result, we are raising our underlying earnings guidance for
the 2023 financial year to between $125 million and$145 million
•In addition, Auckland Airport revises capital expenditure
17
guidance for the 2023 financial year to between $525 million
and$600 million
•This guidance is subject to any material adverse events,
significant one-off expenses, non-cash fair value changes to
property and any deterioration due to global market conditions or
other unforeseeable circumstances
View of Auckland Airport’s runway

2023
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Interim Results
Ka nuitemihi Auckland Airport community

Appendix

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Appendix: Associate and joint ventures
For the six months ended 31 December($m)20222021Change
Queenstown Airport (24.99% ownership)
Total revenue30.012.7
136%
EBITDA22.56.3
257%
Underlying earnings (AucklandAirport share)
2.90.21,350%
Domestic passengers
845,216482,00575%
International passengers
378,79512,9602,823%
Aircraft movements
8,8774,027120%
Novotel Tainui Holdings (50.00% ownership)
Total revenue
8.811.4(23)%
EBITDA
0.14.2(98)%
Underlying earnings (AucklandAirport share)
0.02.2(100)%
Average occupancy
18
54.1%53.9%0%
18.The Novotel Hotel was solely occupied by the Ministry of Health in the six months to 31 December 2021 as a managed isolation andquarantine facility
37

2023
Interim Results
Highlights
Financial
performance
Our continuing
journey
Regulatory
and outlook
Appendix: Underlying profit / (loss) reconciliation
•Auckland Airport recognisesEBITDAFI and underlying profit or loss are non-GAAP measures.
•We have made the following adjustments to show underlying profit / (loss) after tax for the six months ended 31 December 2022 and 2021:
–reversed out the impact of revaluations of investment property. An investor should monitor changes in investment property over time as
a measure of growing value. However, a change in one particular year is too short to measure long-term performance. Changes
between years can be volatile and, consequently, will impact comparisons. Finally, the revaluation is unrealisedand, therefore, is not
considered when determining dividends in accordance with the dividend policy;
–reversed out the impact of fixed asset write-offs. Related costs and cost reversals are not considered to be an element of the group’s
normal business activities and on this basis have been excluded from underlying profit;
–reversed out the impact of derivative fair value movements. Derivative fair value movements are unrealisedand relate to basis swaps
that do not qualify for hedge accounting, as well as the ineffective valuation movements in other financial derivatives. Thegroup holds
its derivatives to maturity, so any fair value movements are expected to reverse out over their remaining lives;
–adjusted the share of profit of associates and joint ventures to reverse out the impacts on those profits from revaluations of investment
property and financial derivatives; and
–reversed out the taxation impacts of the above movements in both six-month periods.
20222021
For the six months ended 31 December($m)
Reported profitAdjustments
Underlying
profit / (loss)Reported profitAdjustments
Underlying
profit / (loss)
EBITDAFI per income statement
189.0 -189.0 60.3 -60.3
Investment property fair value change
(93.8)93.8 -131.5 (131.5)-
Fixed asset write-offs and impairment
-0.1 0.1 -0.1 0.1
Derivative fair value movement
(0.3)0.3 -(0.6)0.6 -
Share of profit / (loss) of associate and joint ventures
3.0 0.0 3.0 (17.4)19.8 2.4
Depreciation
(68.7)-(68.7)(53.7)-(53.7)
Interest expense and otherfinance costs
(30.7)-(30.7)(26.8)-(26.8)
Taxation benefit / (expense)
6.3 (31.1)(24.8)15.5 (9.3)6.2
Profit / (loss) after tax
4.8 63.1 67.9 108.8 (120.3)(11.5)
38

2023
Interim Results
Glossary
39
AMTNAustralian medium term notes
CpsCents per share
DTBDomestic Terminal Building
EBITDAEarnings before interest, taxation and depreciation
EBITDAFIEarnings before interest, taxation, depreciation, fair value adjustments and investments in associates
FRNFloating rate note
GAAPGenerally accepted accounting principles
ITBInternational Terminal Building
MCTOWMaximum certified take-off weight
NPATNet profit after tax
NZDCMNew Zealand debt capital markets issue
PAXPassenger
PLFPassenger load factor
PSE4Regulatory price setting event 4
RCPRepresentative Concentration Pathway
ULDUnit load device
VFRVisiting friends and relatives
WALTWeighted average lease term

---

Results announcement
(for Equity Security issuer/Equity and Debt Security issuer)
Name of issuer
Reporting Period
Previous Reporting Period
Currency
Amount (millions)
Revenue from continuing
operations
$287.8
Total Revenue$287.8
Net profit/(loss) from
continuing operations
$4.8
Total net profit/(loss) $4.8
Amount per Quoted Equity
Security
Imputed amount per Quoted
Equity Security
Record Date
Dividend Payment Date
Current period
Net tangible assets per Quoted
Equity Security
$5.55
A brief explanation of any of
the figures above necessary to
enable the figures to be
understood
Name of person authorised to
make this announcement
Contact person for this
announcement
Contact phone number
Contact email address
Date of release through MAP
Unaudited financial statements accompany this announcement.
$0.0000
Results for announcement to the market
Auckland International Airport Limited
6 months to 31 December 2022
6 months to 31 December 2021
NZD
Percentage change
128%
128%
-96%
-96%
Final Dividend
23 February 2023
$0.000000
n/a
n/a
Prior comparable period
$5.48
Refer to attached media release, unaudited Interim Financial Statements and
Results Presentation
Authority for this announcement
Melanie Dooney
Melanie Dooney
+64 22 015 1400
investors@aucklandairport.co.nz