Sydney Airport : Full-Year Distribution Update and November Traffic

ASX Release

17 December 2020

Sydney Airport Final 2020 Distribution Update and November 2020 Monthly Traffic Performance

• No full year distribution will be paid
• November traffic performance shows modest domestic recovery following reopening of the NSW and Victoria border late in the month, whilst international traffic performance remains significantly impacted by ongoing travel restrictions

Final 2020 Distribution

Given the continued significant impact of COVID-19 on the business performance of Sydney Airport over the second half of the calendar year, the Boards of The Trust Company (Sydney Airport) Limited (as responsible entity of Sydney Airport Trust 1) and Sydney Airport Limited confirm that there will be no final distribution for 2020.

Traffic Performance November 2020

	PAX1				Monthly Performance			Year-to-Date Performance
	('000s)				Nov-20	Nov-19	Growth (%)			YTD-20	YTD-19	Growth (%)
Domestic		308	2,377	-87.1%		6,792	25,189	-73.0%
International2		42	1,356	-96.9%		3,749	15,293	-75.5%
Total		350	3,733	-90.6%		10,541	40,482	-74.0%

Total passenger traffic in November 2020 was 350,000 passengers, down 90.6% on the prior corresponding period (pcp).

Domestic passengers totalled 308,000 for November 2020, down 87.1% on the pcp. The modest recovery in domestic traffic in the month was driven by demand for NSW and Victoria interstate travel. Unrestricted travel between NSW and Victoria was permitted from 23 November.

1. Due to data availability, all international passenger numbers (including prior corresponding period comparisons) are based on Confirmed Airline Passenger (CAP) data. As per previous information releases, these figures may contain estimates with any adjustments to preliminary statistics included in the year to date results in future months.
2. Includes Domestic-on-Carriage

Sydney Airport Limited ACN 165 056 360 - The Nigel Love Building, 10 Arrivals Court, Locked Bag 5000

Sydney International Airport NSW 2020 Australia - Telephone [phone] - sydneyairport.com.au

42,000 international passengers passed through Sydney Airport in November, down 96.9% on the pcp. The downturn in international passenger traffic is expected to persist until government travel restrictions are eased.

Top 10 Nationalities travelling through Sydney Airport3

		Rank				Nationality				Growth (%)				Rank			Nationality				Growth (%)
								Nov-20			YTD-20									Nov-20			YTD-20
	1			Australia		-97.6%		-77.3%			6			United Kingdom		-98.4%		-66.9%
	2			China (Including Hong Kong)		-93.0%		-79.6%			7			Japan		-98.0%		-77.5%
	3			New Zealand		-95.8%		-76.9%			8			South Korea		-98.6%		-77.6%
	4			India		-94.4%		-70.4%			9			Vietnam		-95.4%		-71.7%
	5			United States of America		-98.5%		-72.3%			10			Thailand		-92.3%		-79.8%

Last 12 Months' Traffic Data

		PAX			2019-				2020-			2020-			2020-			2020-				2020-			2020-				2020-			2020-			2020-			2020-			2020-				12 months to
																																					Growth
		('000s)			Dec				Jan			Feb			Mar			Apr				May			Jun				Jul			Aug			Sept			Oct			Nov			Nov-20			Nov-19
																																			%
		Dom	2,348			2,276		1,988		1,319		49			62		140			276		91		98		187		308		9,140		27,507			-66.8%
		Int	1,605			1,656		1,098		689		44			30		34			42		41		35		38		42		5,353		16,904			-68.3%
		Total	3,953			3,932		3,086		2,008		93			93		174			317		131		133		225		350		14,494		44,411			-67.4%

Authorised for release by the Boards of SAL and TTCSAL

Contacts for further information
Rob Catterall	Josh Clements
Head of Investor Relations	Head of Media and Communications
T	[phone]	T	[phone]
M	[phone]	M	[phone]
E	[e-mail]	E	[e-mail]

3 All data is for arriving and departing international passengers. All data is taken from management accounts, is provisional and subject to revision. All data has been rounded to the nearest thousand and in some instances the total may not be equal to the sum of the parts. Percentage changes have been calculated based on actual figures.

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