TAV Havalimanlari Holding A.S. Stock

TAV Havalimanlari Holding A.S. engages in the construction of terminal buildings, and management and operation of terminals or airports. The main geographical segments of the company include Turkey, Tunisie, and Georgia.

The company enters into Build – Operate – Transfer (BOT) Agreements with Devlet Hava Meydanlari Isletmesi Genel Mudurlugu (General Directorate of State Airports Authority) (DHMI), TAV Tbilisi with JSC Tbilisi International Airport (JSC), TAV Batumi with Georgian Ministry of Economic Development (GMED), TAV Tunisie with Tunisian Airport Authority (Office De L’Aviation Civil Et Des Aeroports) (OACA), and TAV Macedonia with Macedonian Ministry of Transportation and Communication (MOTC). Under these agreements the company agrees to build or renovate or manage an airport or terminal within a specified period of time and in exchange receives the right to operate the airport and terminal for a pre-established period of time.

The company, at the end of the contract, transfers the ownership of the terminal building or airport back to the related public authority, DHMI, JSC, GMED, OACA, or MOTC accordingly. In addition, the company enters into subsequent stand alone contracts for the operation of airports and terminals.

BOT Agreements

The airport terminals operated by the company are as follows: Istanbul Atatürk International Airport; Ankara Esenboga International Airport; Izmir Adnan Menderes International Airport; Tbilisi International Airport; Batumi International Airport; Tunisie Monastir and Enfidha International Airports; Gazipasa Airport; and Macedonia Skopje, Ohrid and Shtip Airports.

Segments

The company is organized into five divisions: Terminal Operations, Catering Operations, Duty Free Operations, Ground Handling and Bus Operations, and Other Operations.

Terminal operations: Operating Terminal Buildings, the Car Park and the General Aviation Terminal, the Group companies included in this segment are TAV Istanbul, TAV Esenboga, TAV Izmir, TAV Gazipasa, TAV Tunisie, TAV Tbilisi, TAV Batumi and TAV Macedonia. TAV Tbilisi and TAV Batumi also include the ground handling operations, and parking-apron-taxi ways that are run by the airport.

Catering operations: Managing all food and beverage operations of the terminal, both for the passengers and the terminal personnel, which is run by BTA.

Duty free operations: Sales of duty free goods for the international arriving and departing passengers. The company operates its duty free services through ATÜ.

Ground handling and bus operations: Providing traffic, ramp, flight operation, cargo and all other ground handling services for domestic and international flights under the Civil Aviation Legislation License. The company operates the ground handling services through HAVAS, which also provides bus operations.

Other: Providing lounge services, IT and Security services, the companies included in this segment are TAV Holding, TAV Isletme, TAV Bilisim and TAV Güvenlik.

Joint Ventures

The company has the following significant interests in joint ventures: a 49.98% equity shareholding with 50% voting power in ATÜ, a jointly controlled entity established in Turkey; a 60% equity shareholding with 50% voting power, in TAV Tbilisi, a joint venture established in Georgia; a 50% equity shareholding with 50% voting power, in CAS, a joint venture established in KKTC; and 32.40% equity shareholding with 32.40% voting power, in TAV Gozen, a joint venture established in Turkey.

History

TAV Havalimanlari Holding A.S. was founded in 1997.