Air Cargo Market Outlook for Africa Tom Crabtree

Air Cargo Market Outlook for Africa Tom Crabtree Airline Market Analysis - Cargo Boeing Commercial Airplanes 23 February 2011 BOEING is a trademark of Boeing Management Company. Copyright © 2011 Boeing. All rights reserved. The statements contained herein are based on good faith assumptions and provided for general information purposes only. These statements do not constitute an offer, promise, warranty or guarantee of performance Actual results may vary depending on certain events or conditions. This document should not be used or relied upon for any purpose other than that intended by Boeing.

2009 Air Cargo Growth by Major Market World -11. 3% Intra-North America Latin America – Europe – North America Intra-Europe Middle East – Europe Africa – Europe Asia – North America Europe – Asia Intra-Asia South Asia – Europe Domestic China -12. 6% -14. 5% -6. 3% -21. 0% -10. 7% -14. 9% -8. 0% -12. 9% -10. 3% -7. 5% -11. 3% 12. 3% Copyright © 2011 Boeing. All rights reserved.

World Air Cargo Traffic Growth Has Averaged 6. 1% Per Year Since 1970 Copyright

World Air Cargo Grew 20. 0% for Jan-Nov 2010 Relative to Traffic Levels for Jan-Nov 2009 Year To Date Air Cargo Growth by Regional Market 43. 5% 4. 1% 21. 1% 7. 8% 5. 2% 34. 4% 20. 0% -0. 6% 22. 5% 18. 3% World YTD Year-Over Comparison Jan - Nov 2010 vs. Jan - Nov 2009: 20. 0% Sources: U. S. Department of Commerce, AAPA, AEA, ATA, and the Boeing World Cargo Forecast. Copyright © 2011 Boeing. All rights reserved. 3/15/2018

African Air Cargo Activity is Concentrated in Egypt, South Africa, Nigeria, Ethiopia and Kenya Airport Tonnage Handled Year 2009 Cairo 285, 839 Nairobi 263, 070 Johannesburg 252, 063 Lagos 175, 828 Luxor 103, 541 Brazzaville 88, 183 Cape Town* 75, 361 Addis Ababa 74, 119 Kinshasa 67, 544 Khartoum 59, 299 * Boeing estimate Sources: Airports Council International (ACI), ICAO, Eurostat and Boeing Research. Copyright © 2011 Boeing. All rights reserved.

Europe is Africa's Primary Air Trade Partner 1, 559, 000 tonnes Copyright © 2011

Africa - Europe Air Trade Has Grown 3. 3% Per Year Tonnes, thousands Average

Africa - North America Air Trade Has Grown at 5. 9% Per Year Tonnes, thousands Average annual growth, 1999 – 2009 Africa imports 8. 6% Africa exports 0. 6% Copyright © 2011 Boeing. All rights reserved.

African Air Imports and Exports to Asia African air imports from Asia African air

Africa to Europe Air Trade Will Average 4. 4% Growth Per Year Tonnes, thousands History Forecast Average annual growth, 2009– 2029 High 5. 8% Base 4. 4% Low 3. 1% 2. 1% growth per year Copyright © 2011 Boeing. All rights reserved. High Base Low

Europe to Africa Air Trade Will Average 5. 7% Growth Per Year Tonnes, thousands History Forecast Average annual growth, 2009– 2029 High 6. 4% Base 5. 7% Low 5. 1% 4. 6% growth per year Copyright © 2011 Boeing. All rights reserved. High Base Low

World Air Cargo Traffic Will Triple Over the Next 20 Years RTKs, billions History Forecast Average annual growth, 2009 to 2029 High Base Copyright © 2011 Boeing. All rights reserved. 5. 9% Low 1. 9% growth per year 6. 6% 5. 2%

Asia Markets Will Continue to Lead Industry Growth Annual growth, percentage RTKs, billions 2010 – 2029 RTKs 2009 RTKs 6. 7% 6. 6% 7. 9% 4. 2% 3. 0% 9. 2% 5. 6% 5. 7% 5. 1% 6. 0% 6. 5% 3. 6% Copyright © 2011 Boeing. All rights reserved.

Freighter Fleet is Grouped into Size Categories Standard-body Medium Widebody Large (< 45 tonnes) (40 - 80 tonnes) (> 80 tonnes) BAe-146 DC-9* 737* 727* Tu-204 707 DC-8* 757 -200 A 320* MD-80* 767* A 300* A 310* L-1011 SF DC-10* 787 A 330* 777 -A SF IL-76 TD *Represents a series Note: Production and conversion (SF) models assumed for each type unless otherwise specified Copyright © 2011 Boeing. All rights reserved. MD-11 747* 777 A 350 A 380 IL-96 T AN-124

Freighter Fleet Increase Reflects World Traffic Total airplanes, percentage Large (>80 tonnes) Medium widebody (40 -80 tonnes) Standard-body (<45 tonnes) Total airplanes: 2, 967 33% Total airplanes: 1, 755 27% 36% 40% 37% Copyright © 2011 Boeing. All rights reserved.

North America Leads in Total Deliveries; Asia, in Large Freighters Number of airplanes Large (>80 tons) Medium widebody (40 -80 tons) Standard-body (<45 tons) 66 63 84 Copyright © 2011 Boeing. All rights reserved.

Boeing Offers a Complete Line of Freighters 747 -8 F Revenue Payload, lb 777 F 100 MD-11 BCF 777 -200 ER BCF 75 777 -200 BCF 767 -300 BCF* 737 -400 SF 737 -300 SF 767 -300 ER BCF 757 -200 SF 50 25 737 -700 C Range, nmi *Note: Product Development Study Copyright © 2011 Boeing. All rights reserved. Revenue Payload, Metric Tons 747 -400 BCF 125

Air Cargo Market Outlook for Africa Summary § After the worst-ever downturn, world air cargo has made a remarkable comeback, demonstrating its vital role in global commerce. § African air cargo markets will expand in the range 5% to 8% per year, with Europe remaining the primary air trade partner for the continent. § World air cargo traffic levels will triple over the next two decades, with long-haul markets linked to Asia leading growth. § The world freighter fleet will expand by more than two-thirds to nearly 3000 aircraft by 2029. African and Middle East carriers will take delivery of over 200 freighter aircraft in this timeframe. § Boeing Offers the Most Complete Freighter Product Line. Copyright © 2011 Boeing. All rights reserved.