JOINT STOCK COMPANY

« SHYMKENT AIRPORT »

(Development perspective)

Airport Management Group

Key information

2017

Joint-stock company "Airport Shymkent"

(Development perspective) . Key information 2017 . Forecast and development background .

Data according to the  Lufthansa Consulting

development strategy.

Passenger center :

1. Regional applicability: YES

Regional available conditions: natural function of the basic civil airport. Regional absent conditions: NO

2. Accompanying applicability: conditionally :

Accompanying existing conditions: Crossing with the airport's coverage zone of Tashkent airport (by 2030, it will be difficult to cross the border and build a new airport in Tashkent)

Accompanying absent conditions: NO

3.Favorable geographical location.

Missing conditions:

* Steady domestic (local) demand.

* Availability of a home base carrier with a communication system.

4. Business Aviation:

* A large number of people in close proximity to high levels of profitability.

* A large presence of multinational (international) companies in the immediate vicinity.

CARGO CENTER

1 . Regional applicability: YES

Regional available conditions: Natural function of the basic civil airport.

Regional absent conditions: NO

2. HAB applicability: conditionally.

HAB available conditions: * Favorable geographical location

* 24 hour service

* Positive logistic territory. HAB missing conditions:

* Strong presence of an integrator (DHL, UPS) or airline focused on

* Mass production or consumption of goods transported by air in the coverage area.

3. TECHNICAL STOPPING Applicability: Conditionally. Available conditions:

* Favorable geographical location

Missing conditions:

* Attractive prices for fuel and airport taxes.

* Strong political position of the country.

* Possibility of line maintenance.

* Appropriate infrastructure.

Passenger center

1. Regional applicability: YES

Regional available conditions: natural function of the basic civil airport.

Regional absent conditions: NO

2. Accompanying applicability: conditionally.

Accompanying existing conditions: Crossing with the airport's coverage zone of Tashkent airport (by 2030, it will be difficult to cross the border and build a new airport in Tashkent)

Accompanying absent conditions: NO

3. Favorable geographical location. Missing conditions:

* Steady domestic (local) demand.

* Availability of a home base carrier with a communication system.

4. Business Aviation:

* A large number of people in close proximity to high levels of profitability.

* A large presence of multinational (international) companies in the immediate vicinity.

GENERAL INFORMATION . Industrial statistics of the airport. Passenger traffic:

In 2014, there were 443, 302 people. For 2015, there are 541, 329 people. For 2016 -

621, 237 people

For 8 months of 2017 -

536, 974 people

Freight turnover: For 2014 - 853 tons For 2015 - 2159 tons For 2016 - 3580 tons

For 8 months of 2017 - 2055 tons

Domestic flights:

For 2014 - 2480 flights For 2015 - 3010 flights For 2016 - 3757 flights

For 8 months of 2017 - 3462 flights

Flights International:

For 2014 - 888 flights For 2015 - 709 flights For 2016 - 539 flights

For 8 months of 2017 - 564 flights

BALANCE OF ENTERPRISES, mln. tenge

1. LONG-TERM ASSETS:

In 2014 - 1. 482

For the year 2015 - 1. 324

For the year 2016 - 1. 552

2. CURRENT ASSETS:

In 2014 - 333

For 2015 - 464

In 2016 - 558

Total assets:

In 2014 - 1. 815

For the year 2015 - 1. 789

For 2016 there are 2. 080

1. LONG-TERM LIABILITIES:

For 2014 - 159

For 2015 - 104

For the year 2016 - 115

2. CURRENT LIABILITIES:

For 2014 - 205

For 2015 - 150

For 2016 - 288

3. OWN CAPITAL:

In 2014 - 1. 451

For the year 2015 - 1. 534

For the year 2016 - 1. 677

Total liabilities:

As of 2014, there are .815

For the year 2015 - 1. 789

For 2016 there are 2. 080

Statement of cash flows, KZT million

REVENUE:

As of 2014, there are 1,852

For the year 2015 - 1. 640

For the year 2016 - 1. 787

COSTS:

In 2014 - 1. 633

For the year 2015 - 1. 433

For the year 2016 - 1. 659

GROSS PROFIT :

For 2014 - 219

For 2015 - 207

For the year 2016 - 128

ADMINISTRATIVE EXPENSES :

As of 2014 - 2

For 2015 - 2

For 2016 - 162

OTHER OPERATING INCOME / EXPENSES:

As of 2014, 157

For 2015 - 156

2016 - 165

OPERATING PROFIT (EBIT):

For 2014 -      

For the year 2015 - 30

For 2016 - 131

INCOME FROM FINANCING:

As of 2014 - 60

For 2015 - 79

For 2016 -      

EXPENDITURE FOR FINANCING:

For 2014 -        For 2015 -     

For 2016 -      

OTHER NON-OPERATING INCOME / EXPENSES:

For the year 2014 - 0

For the year 2015 - 0

For 2015 -      

PROFIT BEFORE TAX (EBT)

As of 2014 - 4

For the year 2015 - 18

For 2016 - 131

CORPORATE INCOME TAX :

As of 2014 - 64

For 2015 - 98

As of 2016, there are 52

NET PROFIT :

For 2014 - 20

For 2015 - 41

For 2016 - 78

STATEMENT OF CASH FLOW, MILLION. TENGE

BALANCE FROM OPERATING ACTIVITIES:

For 2014 - 280

For 2015 - 194

For 2016 - 380

BALANCE FROM INVESTMENT ACTIVITIES:

For 2014 - (208) For 2015 - (9) For 2016 - (437)

BALANCE FROM FINANCIAL ACTIVITIES:

For 2014 - (30) For 2015 - (65) For 2016 - 75

FLOW OF FUNDS  :

For 2014 - 43

For 2015 - 119

For the year 2016 - 16

CASH EQUIVALENTS AT THE END OF THE PERIOD:

For 2014 - 76

2015 - 167

2016 - 183

> JOINT STOCK COMPANY "AIRPORT SHYMKENT" - Airport of Shymkent. One of the largest airports in the Republic of Kazakhstan, takes the fifth place in the country for domestic and international air transportation.

> OWNER - State (sole shareholder) represented by the State Property and Privatization Committee of the Ministry of Finance of the

Republic of Kazakhstan.

> 100% of the block of shares are in trust management of LLP "AIRPORT MANAGEMENT GROUP" - structures of JOINT STOCK COMPANY NATIONAL COMPANY "RAILWAY OF KAZAKHSTAN"

KEY PERFORMANCE INDICATORS OF THE REGION

* Population 2, 8 million people

* Average monthly salary 89 352 tenge

 Coverage area of 4.9 million people

 Possibility to increase freight and passenger traffic

* The third largest Megapolis in Kazakhstan by 2020

AIRPORT DEVELOPMENT SCHEME UP TO 2030

SPOT # 1 (235 HECTAR)

1. New passenger terminal

2. New passenger bus station

3. The new railway station

4. Infrastructure objects of life support of the airport

5. Commercial objects:

* Business Centers

* Hotels

 Trade objects, etc.

SPOT # 2 (150 HECTAR)

6. Multimodal cargo terminal

7. Approach of the railway line

8. Supply of road access roads

9. Consolidation and distribution TLC

10. Infrastructure facilities of airport life support

11. The Industrial Zone

LAND PLOT FOR THE SECOND RUNWAY (145 HECTAR)

12. Long-term lease from the Ministry of Defense of the Republic of Kazakhstan for the construction of a second runway and aviation infrastructure, including engineering and utility facilities TTISTO, SPASOP, ESTOP, FTA, TZK, etc.

see figures on the project