North Queensland Airports (NQA) owns and operates Cairns and Mackay Airports in Queensland. It is one of three airport assets that Energy Super invests in via The Infrastructure Fund (TIF), that is managed by Hastings Funds Management.
Energy Super members who have chosen to invest in the Stable, Capital Managed, Balanced and Growth Investment options have a portion of their funds invested in TIF.
TIF acquired a 20.1 percent share of NQA in 2008 and has actively managed the asset since inception.
Cairns Airport is Australia’s seventh largest airport in terms of passenger traffic, and is the primary airport serving Tropical North Queensland and the Great Barrier Reef.
Mackay Airport is a major regional airport which serves as a gateway to the Bowen Basin coalfields. It is also in close proximity to the Whitsunday islands.
Since its acquisition, North Queensland Airports has strongly contributed to TIF’s performance, generating a gross return for the Fund of 20.4 percent for the 12 month period to 30 June 2011. This has contributed strongly to the returns of the infrastructure assets held by the Energy Super Stable, Capital Managed, Balanced and Growth Investment options.
This performance is supported by growing passenger numbers both domestically and internationally, revised aeronautical agreements, the redevelopment of Cairns' domestic terminal, and strong earnings from retail, food and beverage and car parking opportunities.
The Cairns domestic terminal building’s redevelopment was recently completed in September 2010. The redeveloped terminal provides substantially greater floor space and a state-of-the-art terminal with improved service standards for passengers.
North Queensland Airport’s management team works closely with various airlines to develop new routes and markets and actively supports Tourism Tropical North Queensland in its quest to generate strong destination awareness of Cairns and the Great Barrier Reef.
Recent improvements have also been made to the terminal building at Mackay Airport with enhanced retail offerings and new lounge facilities.
This article has been brought to you by Hastings Funds Management (AFSL 238 309). Hastings Funds Management (Hastings) is a specialist infrastructure equity and alternative debt fund manager dedicated to delivering reliable, consistent and repeatable returns to a wide range of institutional and retail investors. Hastings has managed TIF since June 2000.
Past performance is not a reliable indicator of future performance.
Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439 AFSL 336567), the Trustee of Energy Super (ABN 33 761 363 685), is the issuer of Energy Super products. Information about Energy Super products is contained in the relevant Product Disclosure Statement (PDS), copies of which are available by contacting us on 1300 4 ENERGY (1300 436 374) or from our website energysuper.com.au. You should consider the PDS in deciding whether to acquire, or continue to hold, an Energy Super product.
It is important to note that this article contains general information only. It does not take into account your specific objectives, financial circumstances or needs. You should consider whether the information is appropriate to your individual circumstances and obtain specific advice before making any decisions with respect to financial products.
The information in this article is up to date as at 1 October 2011. Some of the information can change from time to time and may not be up to date at the time you read it. While all due care and diligence has been taken in the preparation of this document, the Trustee reserves the right to correct any errors or omissions. Except insofar as liability under any statute cannot be excluded we accept no liability of any kind to any person who relies on this information.
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Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439 AFSL 336567), the Trustee of Energy Super (ABN 33 761 363 685), is authorised to provide general financial advice on superannuation.
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