1. St. Pete-Clearwater International (PIE)

2. St. Pete-Clearwater Int’l Airport Enterprise operation supported by our own revenue sources * No county, state or federal tax dollars subsidize the airport Only 59 Pinellas County Airport employees Operates in partnership with TSA, FAA, DOT and private businesses Lowest airlines rates & charges in Florida PIE $1.68 per enplaned passenger compared to TPA $5.14 and SRQ $12.34 PIE - $752.5 million annual economic impact/ 8,214 jobs to community (FDOT 2014) Capital Projects primarily funded by FAA, FDOT and TSA Grants, and Passenger Facility Charges FY04-14 - $76.6 million in Capital Projects with only 9.8% direct airport funding A Department of Pinellas County Government

3. AIRPORT REVENUES Airport Revenues exceeded Expenses in FY2014 – over $2.08 million “profit” Passenger Airline Revenues -For every $2 in direct airline charges earned, another $8 in indirect charges are earned (concessions, parking, rental cars) Reserves- $19 million Rainy Day Fund- $14.7 million

4. PIE OPERATIONS 3 Runways 11 Commercial Aircraft Gates 2 Fixed Base Operators 4 Flight Training Schools Aircraft Maintenance Academy 273 based aircraft Military stations – Army Reserve & US Coast Guard (busiest Coast Guard Air Station in the World), 123,532 annual operations (CY14); largest in General Aviation operations in the West Central Florida Region

5. PIE IN THE SKY Low Cost & Non-stop! Allegiant Air – 43 “Hometown” and Mid-size Cities in Northeast, Midwest & Southeast -Allegiant provides the most non-stops in Tampa Bay! -Allegiant is the 8 th largest airline in passengers in Tampa Bay -PIE is the 3 rd largest in 100 city route system -Allegiant Travel – 30% of revenue is ancillary sales such as hotels, rental cars -One of the largest group hotel bookers in Pinellas County Sun Country Airlines/ Beau Rivage Resort & Casino -Gulfport/Biloxi Sunwing Airlines Canadian seasonal service to Halifax, Toronto & Ottawa 2015 - 27% YTD increase, June 29% 2014 - 24% increase over 2013

6. REAL ESTATE– SLICING THE PIE 2000 total acres ½ airfield - 1000 acres ½ Real Estate “outside of fence”, including Airport Business Center, restaurants, hotel, Criminal Justice Complex Airport Ground Leasing History FAA Guidelines Long term leases Overview of Airport Property 52 ground/building leases Ground Lease Competitive Bid Process Redevelopment Opportunity – Airco 127 acres -Buffer area between airport and residential zone -transportation planning element Aviation - 45 acres Hotel - 10 acres Light Industrial - 72 acres 97% (312/323 acres) of Airport Property leased* *excludes Airco

7. How it works? CIP Plan developed, reviewed, and updated at least twice a year by Airport Exempt team. Airport operates financially as Pay-as-you-go, so capital planning is principally dependent upon “other people’s money” (OPM). OPM comes from government grants (FAA, FDOT, & TSA) and Passenger Facility Charges (PFC). Also, Airport Reserves are used as well. How are the Grants determined? FAA Entitlement Grants –funding allocation based on enplaning passengers at each eligible airport from the prior calendar year. FAA Discretionary Funds –Based on the national priority ranking of projects, largely safety, security, & airfield projects. Project has to rank high on the list to receive discretionary funding and this type of funding is sole discretion of FAA. TSA Grant Funds sole discretion of the TSA. How are the PFC funds determined? Airlines collect a passenger facility charge on each enplaned passenger ticket sold and can only be used to fund CIP projects that have been approved by the FAA (cannot be used for operation of the airport). Our PFC fee is $4.50. PFC authorization is submitted to airlines and FAA for approval. The next authorization request is anticipated for July 2017 (current was approved December 2008 for $17.7 million through June 2017). PIE’s Capital Improvement Planning

8. CIP Funding 8 CIP Summary Next Five Years (FY 2015 – FY 2019) Federal FAA Funds $38,830,818 Federal TSA 2,000,000 Florida DOT 5,233,476 Airport Passenger Facility Charges 13,160,616 Airport Reserves 3,906,702 Private Investors (UPS Cargo, T-Hangars) 5,900,000 Totals $69,031,612 CIP Summary Next Ten Years (FY 2015 – FY 2024) Federal FAA Funds$52,880,818 Federal TSA 2,000,000 Florida DOT 7,183,476 Airport Passenger Facility Charges 14,110,616 Airport Reserves 4,906,702 Private Investors(UPS Cargo, T-Hangars) 8,950,000 Totals $90,031,612 Summary of Current PFC Projects* Terminal Projects $ 13,039,108 Airfield Projects $ 4,620,967 Audit Sub Totals $ 25,000 PFC Totals $ 17,685,075 *2008-2017

9. AIRPORT PROJECTS Capital Projects primarily funded by FAA, FDOT and TSA Grants, and Passenger Facility Charges Project Nearing/Recently completed Automated Exit lane New Public Address and Flight Information Display Terminal Renovation Phase II Projects in Current Development Remote Parking lot expansion Phase 3 Terminal Planning and Design Roosevelt Blvd. Realignment Taxiway Rehabilitation Airfield Drainage projects Apron Rehabilitation Project $92.4 million 10 year CIP planned with only 5.4% of CIP funding projected from Airport Revenues

10. 10 Terminal Renovation Phase 2 Expanded chilled water HVAC system and enhanced controls, roofing improvements, and fire alarm upgrades Design Completed: March 2013 Construction Started: January 2014 Construction Completed: April 2015 Project Cost:/Funding Source $5.38 Million/ PFC, FDOT, Airport Reserves Impacts: Reduced utility costs, maintenance

11. 11 Terminal Renovations Phase 3 Design Completion: August 2015 Construction Start: January 2016 Construction Completion: April 2017 Construction Cost/Funding: $8 Million – PFC Impacts: Improve customer service, more capacity for passengers, improved concessions, increase revenue Focused on Gates 7-10 –expands hold rooms to seat 750 passengers, renovate restrooms, expand passenger screening checkpoint, add concession space for restaurant and retail concessions

12. 12 Public Address & Flight Information Display Systems Design Completed: March 2013 Construction Started: June 2014 Construction Completed: February 2015 Construction Cost/Source: $757,630/FDOT, PFC Impacts: Improved Customer Service, Efficient automated updating of FIDS/BIDS, ADA compliance New system and monitors installed for automated flight and baggage information; new public address system with ambient noise detection and visual paging.

13. 13 Automated Exit Lane Control System Construction Started: June 2014 Construction Completion: August 2015 Construction Cost/Funding: $417,417 - FDOT, Airport Reserves Impacts: Savings -No staffing needed by airline employees at exit lane

14. 14 Taxiway Rehabilitation Phase 1 Design Completed: February 2014 Construction Started: October 2014 Construction Completion: January 2016 Construction Cost/Funding: $17 Million - FAA,FDOT,PFC Impacts: Increase airfield safety, improve capacity

15. 15 Taxiway Rehabilitation Phase 2 Design Completed: February 2015 Construction Start: October 2016 Construction Completion: January 2017 Construction Cost/Funding: $7.2 Million - FAA, FDOT Impacts: Increase airfield safety, improve capacity

16. 16 Stormwater Management Improvements Design Complete: Completed Construction Start: January 2015 Construction Completion: September2015 Project Cost/Funding: $1 Million/PFC Impacts: Improved airfield drainage

17. 17 Apron Hardstand Phase 2 Design Completed: February 2015 Construction Start: September 2015 Construction Completion: March 2016 Project Cost/Funding: $6.7M - FAA, FDOT, PFC ($4.5M discretionary) Impacts: Improved capacity

18. 18 Remote Parking Lot Expansion Design Complete: January 2015 Construction Started: May 2015 Construction Completion: October 2015 Project Cost:/Funding Source $1.9 million/ FDOT, Airport Reserves Impacts: Increased parking capacity Accommodates plans for Gateway Express Project RAC Pond Existing Remote Expansion

19. FDOT Gateway Express Project 19 CLICK TO PLAY

20. Beginning in FY17-FY20 Automated/Inline Baggage Handling System - $8.4 million Master Plan Update - $1.5 million New Airport Maintenance Building - $1.5 million New GA Taxiways (Airco) - $4.2 million Runway 18-36 Pavement Rehabilitation - $6 million Parking Garage - $10 million New T-Hangars - $7 million New GA Ramps (Airco) - $1.7 million Runway 9-27 Conversion to Taxiway E - $5.4 million 20

21. Thank You!