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About TAV


Brand new airports ready to accommodate the growth with no mandatory capex requirement.

All of the airports in TAV’s portfolio are brand new airports with minimum maintenance capex needs. The airports are ready to accommodate planned growth thoughout the concession periods with no additional capex requirements.

Earnings visibility:

TAV charges fixed service fees determined by operation contracts. Pre-determined aviation charges fees provide strong earnings visibility for TAV, as the fees are not affected by external factors such as upturns in the oil prices. Coupled with partially fixed costs, constant passenger service fees point to strong earnings momentum on the back of vibrant traffic.

Integrated business structure:

TAV is unique with its fully vertically integrated business structure, offering the capability to undertake each and every service provided in an airport including duty-free, ground handling, food and beverage, IT, lounge services and security. Such integration keeps all the value generated inside the group and facilitates continuous flow of information between the business lines thereby increasing the efficiency and beefing up the operational profitability. The level of integration also allows the service companies to grow outside the TAV ecosystem and creates otherwise unavailable inorganic growth opportunities.

Well defined “smart” growth strategy:

The growth strategy of TAV is based on three pillars. These are: 1) High organic growth of the existing portfolio.2) Inorganic growth opportunities from airport development and acquisition opportunities around the world. 3)Inorganic growth of the service companies outside the TAV ecosystem. TAV aims to balance growth with dividends. The company has a written dividend policy with a minimum 50% payout ratio and has paid a dividend each year starting with 2011 earnings.


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