Airways Statement of Corporate Intent 2019

Airways Corporation of New Zealand Limited Statement of Corporate Intent    2020-2022

Measures of success

INTRODUCTION AND NATURE & SCOPE OF ACTIVITIES

STRATEGIC CONTEXT

Forecast FY19

Plan FY20

Plan FY21

Plan FY22

Operational Focus

AIRWAYS’ BUSINESS UNITS

Near collisions

2

Nil

Nil

Nil

Staffing service availability 2

99.88% 99.88% 99.88% 99.88%

Core systems availability

100% 100% 100% 100%

FY20 KEY STRATEGIC WORKSTREAM

Critical technology services availability

99.95% 99.95% 99.95% 99.95%

Cyber security maturity rating 3

3

>3

>3

>3

Customer Focus Core customer satisfaction

MEASURE OF SUCCESS

To be measured

>80% >80% >80%

Commercial customer satisfaction

100% >80% >80% >80%

FINANCIAL FORECAST BY UNIT ($NZM)

Leadership & People Staff safety – serious harm injuries Staff survey results (targeted areas)

Nil

Nil

Nil

Nil

To be measured

>FY19

>FY20

>FY21

DIVIDENDS

Sustainability Carbon emissions per FTE

REPORTING TO SHAREHOLDING MINISTERS

Baseline to be measured Baseline to be measured Baseline to be measured

POLICY FOR SHARE ACQUISITION

Reduction in waste to landfill against FY19 baseline

5%

10%

20%

Energy consumption

COMPENSATION FROM THE CROWN

Financial ($m) Group NOPAT

THE CROWN’S INVESTMENT IN AIRWAYS

23.4

25.7

29.6

29.5

Commercial business NOPAT

7.6

7.8

9.3

10.4

Capital investment

44.0

75.6

72.8

47.4

Dividends

12.0

13.0

14.0

15.0

APPENDICES

Dividend yield

4.9%

5.2%

5.6%

6.0%

Return on equity

16.9%

17.1% 18.0% 16.5 %

DIRECTORY

2. Service availability is measured as the arithmetic average of ATS staff availability for all aerodromes, approach sectors and enroute sectors. 3. Airways’ cyber security will be self-assessed against the NIST Cybersecurity Framework which is based on a 4 tier index.

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