The document provides an overview of the Halifax International Airport Authority (HIAA). HIAA operates Halifax Stanfield International Airport, the 7th busiest airport in Canada by passenger volume. Some key points: - HIAA has invested $400 million in capital improvements since 2000, including expanding facilities and upgrading infrastructure. - The airport serves the Atlantic region as the largest airport east of Montreal, handling over 50% of passenger traffic in the region. - Cargo is a major business, with over 25,000 tonnes handled annually. Live lobster exports to countries like the US and China are a key part of cargo operations. - HIAA has strategic priorities around safety, facilities improvements

1. HALIFAX INTERNATIONAL
AIRPORT AUTHORITY
November 2012

2. Disclaimer
This presentation contains certain "forward-looking statements". These statements relate to future
events or future performance and reflect management's expectations regarding the Authority’s growth,
results of operations, performance, business prospects and opportunities and industry performance and
trends. They reflect management's current internal projections, expectations or beliefs and are based on
information currently available to management. Forward-looking statements are usually identified by
words such as "may", "will", "should", "expect", "plan", “anticipate”, “believe”, “estimate”, "predict",
"potential", "continue" or the negative of these terms or other comparable terminology. A number of
factors could cause actual events or results to differ materially from the results discussed in the forward-
looking statements. In evaluating these statements, prospective investors should specifically consider
various factors affecting the level of aviation activity including, but not limited to, terrorist attacks, war,
pandemics or other health-related travel restrictions, natural disasters and economic or industry
conditions affecting the demand for air travel. Actual results may differ materially from any forward-
looking statement. Although management believes that the forward-looking statements contained in
this presentation are based upon reasonable assumptions, investors cannot be assured that actual
results will be consistent with these forward-looking statements.
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3. Overview of HIAA
HIAA:  Non-share capital corporation that operates, maintains and develops the Halifax
Stanfield International Airport (“HSIA” or the “Airport”)
The Airport:  In 2011, HSIA was the 7th busiest airport in Canada by passenger volume (~3.6MM)
 Largest Canadian airport east of Montreal and primary hub for Atlantic Canada
 Handles over 50% of passenger traffic and cargo tonnage in the Maritime region
 Offers 24-hour operations without noise restrictions
 Recent runway extension
 40,000 sq. ft. multi-tenant cargo facility with 7,000 sq. ft. of climate-controlled space
Awards:  Over the past 9 years, HIAA has received 28 international awards for its outstanding
customer service
Ground Lease:  60-year ground lease with the Government of Canada (effective February 1, 2000),
which is in the process of being extended for an additional 20 years
Financial:  Ability to set aeronautical charges and airport improvement fees (“AIF”)
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4. Overview of HIAA
Passenger Volume ~3.6 million (Dec 31, 2011)
Total Aircraft
~87,000 (Dec 31, 2011)
Movements
Passenger Air Carriers 18
Cargo Air Carriers 12
Terminal Building 67,862 square metres
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5. Overview of HIAA
6 Strategic Priorities
Safety, Security & Professional Excellence
Environmental Excellence Optimize organizational
Emphasize our leadership role success through personal
in safety, security and development, recognition,
environmental excellence. pride and best practices.
Facilities & Service
Improvements Great people creating the Air Service Growth
Improve the infrastructure, best airport community Deliver passenger and
services and processes air cargo growth.
to enhance the airport in the world
experience.
Non-Aeronautical
Culture of Superior Service
Revenue Growth
Strengthen our airport
Accelerate revenue diversification
community culture of
through commercial development
superior service.
and concession growth.
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6. Overview of HIAA
Airport Facilities
 Located in the Halifax Regional Municipality
 Situated on 940 hectares of land, approximately 40 km north of Halifax
 1 terminal
 2 main runways and 10 taxiways
 Capacity for 225,000 takeoffs and landings annually
 US Customs preclearance facility
 Groundside and support facilities (including public parking, rental car agencies and air cargo facilities)
 146 full time, 27 seasonal, and 4 term employees, as of December 31, 2011
 In 2011, HIAA employees ratified a new collective agreement with its unionized staff (expires January 31,
2015)
 24/7 operations with no noise restrictions
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7. Operations
Catchment Area
 Largest Canadian airport east of Montreal
and primary hub for Atlantic Canada
 Handles over 52% of passenger traffic in
Atlantic Canada
 Catchment area of 1.5 million includes
Nova Scotia, PEI and most of New
Brunswick
 Serves as connection point for smaller
airports in the region
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8. Operations
Passenger Activity (2011)
 7th busiest airport in Canada by passenger volume
Approximately 3.6 million passengers and 87,000 aircraft movements
 Primarily an origin and destination airport (approximately 72% of total traffic)
 Passenger traffic has increased 2.5% in 2011 versus 2010
3 yr CAGR = 2.6%
4,000
3,469 3,579 3,508 3,594
3,500 3,417 2011
Total Passengers (000s)
3,000
International 9.1%
2,500
Transborder 11.4%
2,000
1,500 Domestic 79.5%
1,000
500
0
7 2007 2008 2009 2010 2011

9. Operations
Top O&D Passenger Markets (2011)
(approximate # of passengers, 000’s)
Domestic  Scheduled and charter passenger destinations:
Toronto 548 15 domestic
Ottawa 339
13 transborder
St. John’s 311
Montreal 233 15 international
Calgary 144
Transborder
Orlando/Tampa 134
New York 67
Miami 54
Boston 42
Las Vegas 26
International
London, UK 48
Cancun, Mexico 48
Punta Cana, DR 44
Varadero, Cuba 29
Frankfurt, Germany 23
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10. Operations
Passenger Services – Air Carriers
NOTE: The table outlines the top passenger air carriers for 2011
(by Landing/Terminal/Passenger Security Fees)
Air Carrier Percentage
Air Canada 37.6%
WestJet 17.2%
Air Canada Jazz 10.5%
Porter 8.1%
United (1) 6.3%
US Airways 3.6%
Air Georgian 2.6%
Delta 1.8%
American Airlines 1.5%
Air Transat 1.4%
CanJet 1.2%
Others 8.2%
(1) Includes Continental Airlines
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11. Airport Improvement Plan (AIP)
Overview of Capital Plan
Major Accomplishments (2000 – 2012)
Updated and Expanded Air Terminal Building
 Expansion of international and domestic arrival areas and Airport Square
 US Preclearance
 Common Use Terminal Equipment  Since acquiring the
 IT Infrastructure Plan to upgrade and improve the corporate and operational systems Airport in 2000, HIAA
 Commencement of passenger processing and baggage system upgrades for both
domestic/international and transborder check-in halls
has been engaged in a
multi-year Airport
Improved Maintenance and Service Facilities Improvement Plan
 Combined Services Complex (replaced aging fire hall and maintenance facility)
 Infrastructure development for Multi Tenant Cargo Facility
 Commencement of a phased development of terminal access roads
 HIAA invested
approximately $400
Improved Ground Transportation million in capital by
 Groundside redevelopment program including a new 2,300 space parkade
 Roads and services enhancements
the end of 2011
Airside Maintenance and Improvement
 Airfield Restoration Program
 Runway Extension in progress
 Snow Removal Equipment Fleet Replacement in progress
 Emergency Response Vehicle Replacement program in progress
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12. Cargo
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13. Cargo
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14. Cargo
Cargo Volumes In/Out Halifax (kgs.)
30,000,000
29,000,000
28,000,000
27,000,000
26,000,000
25,000,000
2009 2010 2011
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15. Cargo - Nova Scotia Live Lobster Exports Worldwide – 2007-2011
(all modes)
COUNTRY Canadian Dollars Quantity kgs.
2011 2010 2009 2008 2007 2011 2010 2009 2008 2007
United States $200,619,176 $185,048,390 $218,472,486 $204,744,290 $223,499,136 16,990,023 15,492,739 15,638,527 14,470,393 13,359,327
Belgium $20,539,079 $17,996,272 $17,791,648 $16,643,117 $20,248,694 1,191,847 1,126,017 1,110,924 965,272 1,077,572
China $19,435,498 $6,796,382 $2,740,295 $1,366,362 $789,140 1,117,337 398,098 147,127 81,563 42,200
South Korea $12,693,878 $10,769,954 $11,865,518 $11,220,313 $12,726,537 729,300 595,499 592,345 648,759 660,504
Japan $11,991,215 $9,707,155 $7,376,460 $9,785,462 $14,620,989 735,779 584,743 377,251 524,972 807,452
Hong Kong $9,868,860 $9,717,528 $6,629,420 $5,187,589 $5,208,985 549,565 545,140 418,562 281,078 281,683
Netherlands $5,992,304 $6,772,336 $6,557,784 $7,021,811 $8,076,341 436,918 507,231 456,166 456,849 435,834
United Kingdom $4,367,502 $3,625,756 $5,188,379 $4,492,009 $9,163,078 301,136 257,321 352,750 248,513 475,849
France $3,724,733 $4,667,181 $4,955,299 $1,174,600 $1,741,244 212,232 247,377 242,488 55,491 87,208
Germany $3,234,166 $1,639,170 $4,661,097 $9,363,342 $5,876,287 175,996 99,128 259,896 558,262 322,303
Italy $1,778,183 $2,169,711 $3,729,659 $4,631,159 $5,010,629 110,156 124,387 207,936 264,438 270,830
Taiwan $1,522,246 $649,395 $640,898 $680,614 $592,585 83,869 35,301 32,582 36,994 30,570
Sweden $1,379,643 $1,200,749 $1,597,753 $1,488,968 $2,451,970 88,053 74,390 89,174 85,225 131,862
United Arab Emirates
$1,296,671 $1,326,895 $2,306,162 $1,208,335 $1,627,201 62,282 72,082 113,206 70,016 82,252
Thailand $1,279,305 $919,705 $883,790 $490,904 $554,598 73,137 54,486 45,723 29,111 28,280
Approximately 17% air by value
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16. Cargo - Historical Factors that contribute to Route Viability
 Cargo is trucked to the US to carriers destined for Europe at a volume of
more than 80,000 kg per week.
 In excess of 7,652 tonnes of live lobster is trucked to Logan Airport.
 Another 902+ tonnes went to New York.
 ABX Air/TNT Airways (up to 2X per week) and Asiana Airlines (1X per
week) operated to Liege and Brussels/Seoul respectively.
 FEDEX has grown and is 2nd only to Air Canada for volume handled at
Halifax Stanfield.
 Purolator and UPS are also increasing volumes by maximizing interline
opportunities over Toronto with international carriers.
 Cargojet, in addition to their domestic network have added weekly B767F
Brussels and Cologne service.
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17. Cargo – Air Gateway
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18. Cargo – Lobster Exports
Source: NS Fisheries and Agriculture/Statistics Canada 2010
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19. Cargo – Gateway Facilities
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20. Question & Answers