Driving the BusinessOverview

Presentation to:Business Partners

September 18, 2015

Overview of Airport & Service Area

4th Largest* Airport in the U.S.

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13,430 acres of land (20%+ developed)

9 miles from downtown Orlando and 20 miles from major theme parks

Four parallel, all-weather runwaysRunway Length Width

18L/36R 12,000’ 200’

18R/36L 12,000’ 200’

17R/35L 10,000’ 150’

17L/35R 9,000’ 150’

Miami

MIA

Los Angeles

LAX

New York

JFK

* Source: GCR Inc., in accordance with FAA Airport Master Record forms

Terminal Complex

Landside Terminal – Multi level landside terminal– Passenger check-in, bag handling;

concessions– Parking garage adjacent to

landside terminal (8,949 spaces)– Satellite parking (21,279 spaces)– 445-room Hyatt Hotel

Four Airside Terminals– Connected to landside terminal

via automated people movers– 93 aircraft gates– FIS facilities at Airsides 1 and 4

Rental car (largest market in world)– Ready/return stalls on levels 1

and 2 of the terminal garages– Quick Turnaround Areas (QTA)

adjacent to the garages at grade level for stacking, cleaning, fueling, washing, and staging cars

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Orlando is the most visited destination in the U.S.* and one of the largest leisure and hospitality centers in the world

More than 62 million people visited Orlando in 2014 - a new record for the U.S. travel industry** There were 118,442 hotel rooms in the Metro Orlando area as of July 2015***

New hotels opened in 2014 include the Four Seasons Resort Orlando at Walt Disney World Resort (444 rooms) and Universal’s Cabana Bay Beach Resort (1,800 rooms)

Orlando’s hotel occupancy rate (73.7%) exceeds the national rate (64.4%) and daily room rates have been increasing at a faster pace than the U.S.

New Four Seasons Resort Orlando at Walt Disney World Resort opened 2014

Sources:* Orange County press release April 9, 2015

** Visit Orlando*** HVS Report, July 2015

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Top Global Destination for Tourism

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2016

2017

2018

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Sources: Visit Orlando, "Recent and Projected Hotel Openings", June 14, 2014 and "Orlando Tourism, State of the Market," updated March 2015

Universal Orlando • Wizarding World of Harry Potter - Diagon Alley (2014)• WonderSea Island (new water park - 2016)

Walt Disney World• New Fantasyland (2014)• Disney Springs, including Planet Hollywood

Observatory (2016)• Rivers of Light at Animal Kingdom (2016)• Avatar Land expansion at Animal Kingdom (2017)• Star Wars Land at Hollywood Studios (tbd)• Disney Cruise Line now sails 3 ships out of Port

Canaveral -- Disney Magic, Fantasy, and Dream New I-Drive Entertainment Complex

• The Orlando Eye (425-foot observation wheel - 2015)• Madame Tussauds Wax Museum (2015)• Sea Life Aquarium (2015)

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7 of the Top 10 U.S. theme parks are in the Orlando area* $5 billion in new theme park and hotel projects are under way

* 2013 ranking prepared by Themed Entertainment Association

Orlando Has Experienced a Multi-Year Surge of Blockbuster Expansions at Its World-Class Theme Parks

Planet Hollywood at Disney Springs to be complete in 2016

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Wizarding World of Harry Potter - Diagon Alley Universal Studios, opened June 2014, (Joe Burbank, Orlando Sentinel)

SeaWorld Antarctica: Empire of the Penguin, opened 2013

The Orlando Eye, opened in 2015 (Merlin Entertainments Group)

Seven Dwarfs Mine Train, New Fantasyland project at Walt Disney World's Magic Kingdom, opened May 2014 (Joe Burbank, Orlando Sentinel)

LEGOLAND Florida, Heartlake City expansion (2015)

Recent Theme Park Additions

Port Canaveral

3rd busiest North American passenger cruise port (after Port Miami and Port Everglades) with 3.86 million multiday cruise passengers in FY 2014

Port Canaveral is undergoing a $500 million-cargo and cruise expansion, including a $35 million project to deepen and widen the harbor to allow ships carrying more than 5,000 passengers.

Royal Caribbean's Oasis of the Seas to base at Port Canaveral in 2016 (biggest cruise ship in the world)

Cruise business expected to grow 50% over the next 4 to 5 years

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Orange County Convention Center

2nd largest convention facility in the U.S.

7 million s.f. total space including 2.1 million s.f.of exhibition space

Two 92,000-square-foot general assembly areas

Sources: Orange County Convention Center and Canaveral Port Authority

Convention Facilities & Cruise Lines Also Support Air Passengers

The Metro Orlando area sports venues include: Orlando Magic - professional basketball

team in the National Basketball Association (NBA) since 1989

Orlando Citrus Bowl - host to college football (including 3 annual bowl games in 2015), World Cup soccer, Olympic soccer, Orlando City soccer, WrestleMania, Monster Jam, Rock Superbowls; $207.7 million reconstruction project in 2014

Orlando City Soccer Club - professional soccer team in Major League Soccer (MLS); new stadium opening in 2016

Seminole County Sports Complex - 102 acres of premier tournament-quality fields and facilities for baseball, softball, football, soccer, lacrosse (2016)

Major League Football - a new, professional spring-football league with Orlando franchise for scheduled debut in 2016

Orlando’s Sport Footprint is Growing

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Other New Developments at Lake Nona Under the Master Plan for the 3 million-square-foot Campus by Tavistock Development Co. LLC

Lake Nona will be new home for the US Tennis Association (USTA)

11-acre recreational, man-made “mega lagoon” recreational lake as the centerpiece of a new, luxury resort

100 –plus court tennis center 63-acre facility will include

Tournament and League Area, Collegiate Tennis Area, Team USA and a High Performance and Player Development Area

Target completion is late 2016

GOAA has four areas for non-aviation property development: Tradeport Drive corridor on the west of

the Airport comprises approximately 1,000 acres

Heintzelman Boulevard corridor on the east side of Airport property comprises approximately 440 acres

Poitras 1,800-acre property is sited adjacent to OIA and the Lake Nona/Medical City campus

East Airfield Area is over 1,300 acres planned for a variety of aviation and non-aviation related uses, including potential manufacturing, hangars, warehouse, office and commercial developments

GOAA’s commercial development property will allow GOAA to participate in the continued economic growth of the region

GOAA Commercial Development Sites

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JetBlue’s $25 Million Lodge & Training Facility Opened March 2015 in its JetBlue University on OIA (Heintzelman Corridor)

4-story, 196-room training facility and lodge at the JetBlue campus opened March 2, 2015 for JetBlue crewmembers visiting it's Orlando Support Center (OSC)

The 115,000-square foot new building includes kitchen options, a health and fitness center, and outdoor activities spaces

An estimated 7,000 JetBlue crew members and visitors are expected at the facility each year

According to JetBlue, which employs nearly 1,400 people in Metro Orlando, the lodge has created 70 permanent jobs in Orlando

In addition to its JetBlue University and new hotel, the airline also operates a maintenance facility, a bilingual call center, and various training facilities in Orlando

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JetBlue's new crewmember hotel – The Lodge at OSC (Orlando Support Center). Photo: JetBlue, March 2015.

East Airfield Development

Development Zones East Airfield

Poitras DevelopmentDevelopment Zone Poitras

Rail Connections

Rail Corridors Rail Systems

All Aboard Florida• Orlando-Miami

SunRail• Regional Commuter

Maglev• Convention Center• Florida Mall

Passenger Traffic

Source: U.S. DOT, Air Passenger Origin-Destination Survey, reconciled to Schedules T100 and 298C T1.

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Outbound Domestic O&D Passengers—Top U.S. Airports(for the 12 months ended September 30, 2014)

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#1 Domestic O&D Market in Florida and #5 in the U.S.

74 year-round destinations & 3 seasonal destinations

MCO has Scheduled Non-stop Service to 77 U.S. Destinations

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Year-RoundSeasonal

Year-RoundSeasonal

Seattle

San Francisco

Albuquerque

Atlantic City

Albany

Las Vegas

Minneapolis

Milwaukee

Kansas City

Salt Lake CityWestchester County

Washington/IAD

Hartford

Nashville

Boston

Austin

Denver

San Diego

Los Angeles

Houston/IAH

IndianapolisLong IslandNew York/JFK

Grand Rapids

Ft. Lauderdale

Dayton Akron

Baltimore

Phoenix

Latrobe

New York/LGAChicago/MDW

Memphis

Manchester

Omaha

Key West

Dallas/DFW

Cleveland

Buffalo Newburgh

Louisville

San Antonio Gainesville

Detroit

Cincinnati

Aguadilla

Trenton

Tallahassee

Syracuse

Ft. Myers

Richmond

Houston/HOU

Newark

Dallas/DAL

Charlotte

St. Louis

San Juan

Rochester

Raleigh/Durham

Providence

Pensacola

Worcester

Chicago/ORD

Washington/DCA

Columbus

Ponce

Pittsburgh

Philadelphia

Norfolk

New Orleans

Miami

Flint

Birmingham Atlanta

Panama City

Charleston

Portland

Source: Innovata flight schedules for August 2015 (Diio).

30 year-round destinations & 19 seasonal destinations

MCO has Scheduled Non-stop Service to 49 International Destinations

Source: Innovata flight schedules for August 2015 (Diio).19

Sao Paulo/GRU

Port of Spain

Bogota

Aruba

Panama City

San Jose

Guadalajara

Mexico City

CancunMontego Bay

Kingston Santo Domingo

Nassau

Marsh Harbour

Dublin

GlasgowManchester

Gatwick Frankfurt

London

TorontoOttawa

Montreal

QuebecMoncton

HalifaxSt. John’s

Hamilton

Calgary

Edmonton

Oslo

Belfast

Sao Paulo/VCP

Stansted

Reykjavik

Deer Lake

Year-RoundSeasonal

Year-RoundSeasonal

Eleuthera

Cardiff

Copenhagen

Brasilia

Punta Cana

Lima

Dubai

Winnipeg

Havana

Belo Horizonte

Waterloo

Charlottetown

Vancouver

Strong & Growing International Service

WestJet

New Entrant Foreign Flag Service:

Dubai (September 2015)

Sao Paulo Viracopos (December 2014)

Reykjavik (September 2015)

Lima (June 2015)

TAM Airlines commenced Brasilia service in June 2015, complementing its twice daily Sao Paulo service

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Source: Greater Orlando Aviation Authority

Concession,Parking & Rental

Car 52.0%

Hotel 9.0%

Other Buildings, Site Rental 5.6%

Non-participating Airline 5.0%

Participating Airline 28.5%

Airline Rates & Charges

33.5%

FY 2014 Operating Revenues

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Airline Revenues Are Only One-Third of Total Revenues

Key Traffic Forecast Assumptions The economy of the Orlando MSA will increase at a rate comparable to or greater than

that of the State and nation as a whole

Orlando will continue to be a major destination market for U.S. leisure and business travelers and a top global destination market for tourism, meetings, and conventions

Hotel infrastructure development will be sufficient to accommodate the growth in visitors to the Orlando MSA, including the addition of 11,000 new hotel rooms by 2018

Port Canaveral’s cruise business will increase by 50% in the next 4 to 5 years and support overall economic growth in the Orlando MSA

The diversification of the Orlando MSA’s economy will continue through 2022, including the development of business services, advanced technologies, film and digital media, life sciences and healthcare, and aviation, aerospace, and defense

The Airport will continue to be primarily an origin-destination airport and the small percentage of passengers connecting at the Airport will not change materially

The airlines serving the Airport will continue to be diverse, including low cost carriers, network airlines, and foreign-flag carriers, and provide sufficient capacity to support passenger traffic growth at the Airport

The U.S. economy will experience sustained GDP growth averaging between 2.0% and 2.5% per year

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FY 2013-2023 Planned Capital Projects

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Component Objectives Cost Estimate

($’s in billions)*

FY 2013-2018 CIP

Maintain existing facilitiesExpand North Terminal capacity to at least 40 MAPImprove international processingIncreasing multi-modal accessDevelop non-aviation revenues

$1.13

South Terminal Complex (STC)

Reactivate project deferred from early 2000’sMeet projected international and domestic gate

demand 1.80

FY 2019-2023 Master Plan Projects Projects from Master Plan 0.16

Total $3.09 CIP does not include the Intermodal Transportation Facility which is funded with Florida Department of Transportation (FDOT) Rail Initiative Funding of $211M

Capital Plan is Demand Driven and Modular

* Totals may not add due to rounding

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2015 Project North Terminal Ticket Lobby

Expanded Check-in

Expanded Ticket Hall

New Counters & Back Wall

2015A Bonds are funding: North Terminal Ticket Lobby

Improvements Airside 4 Improvements Airside 1 & 3 APM

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2015 Project Airside 4 Improvements

New Large Aircraft Gate (A380)

New International Gates, Energy Plant & Restroom Refurbishments

Expanded Federal Inspection Station

2015A Bonds are funding: North Terminal Ticket Lobby

Improvements Airside 4 Improvements Airside 1 & 3 APM

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2015 Project Airside 1 & 3 Automated People Mover

Vehicle Replacement & Guideway Refurbishment

• Replacement of 34 year old transit system between landside & airside

2015A Bonds are funding: North Terminal Ticket Lobby

Improvements Airside 4 Improvements Airside 1 & 3 APM

NORTH TERMINALCOMPLEX

FUTURESOUTH AIRPORT PEOPLE MOVER

&SOUTH TERMINALCOMPLEX

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South APM & Terminal: Future Demand Driven Growth

North Terminal Complex (NTC) Capacity Reliever

Automated People Mover (APM) System from NTC

Intermodal Transportation Facility (ITF)

500,000 SF Facility 2,500 Car Garage Ground Transportation Facility Remote Check-In

Mid-Cross field Taxiways

APM

Garage

Passenger Rail

Ground Transportation

SOUTH AIRPORT APM COMPLEX

& ITF

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South APM Complex & Intermodal Transportation Facility

APM Scope: APM system and stations (aqua) Parking garage (gold) Roads and curbs (green)

Site work and infrastructure

ITF Program: Vertical circulation to curbs and ground

transportation L4 Public concourse to connect multiple

modes Elevate rail platforms to L2 Shell space for All Aboard Florida and

SunRail

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APM Station/Parking ITF

Scope of Work – APM vs. Intermodal Terminal Facility

South Airport APM Complex & ITF

AERIAL VIEW TO THE SOUTHEAST

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SOUTH TERMINAL COMPLEXPHASE 1

SOUTH APM / INTERMODALCOMPLEX

SOUTH TERMINAL C, PHASE 1

SOUTH TERMINAL C, PHASE 1

SOUTH TERMINAL FUTURE BUILD-OUT

Procurements for:

Concessions

Goods & Services

Hotel Services

Ground Transportation

Parking Management

Engineering & Construction

Enjoy the Journey!