Annual Reports
daa’s principal activities include the operation and management of Dublin and Cork airports, global airport retailing through our subsidiary ARI, and international aviation consultancy with daa International. The company is State-owned and headquartered at Dublin Airport.
Debt
daa Debt Information
As at 31 December 2022
| Instrument | Maturity | Current Outstanding |
|---|---|---|
| Eurobond | June 2028 | €550m |
| Eurobond | November 2032 | €500m |
| Various EIB Facilities | Amortising to 2040 | €592m |
| Revolving Credit Facility (RCF) (€450m) | March 2027 | €NIL (Undrawn) |
daa Debt Maturity
As at 31 December 2022
daa Debt Liquidity
As at 31 December 2022
Bond Documentation
| Bond 2028 | Tap 2028 | Bond 2032 | |
|---|---|---|---|
| Trust Deed | Click Here | Click Here | Click Here |
| Prospectus | Click Here | Click Here | Click Here |
| Paying Agency Agreement | Click Here | Click Here | Click Here |
| daa plc (Guarantor) | daa finance plc (Issuer) | |
|---|---|---|
| Constitution | Click Here | Click Here |
Debt Investor Presentations
| Month | Presentation |
|---|---|
| May 2023 | Open Presentation |
| July 2022 | Open Presentation |
| September 2021 | Open Presentation |
| May 2021 | Open Presentation |
| October 2020 | Open Presentation |
Credit Rating
| Long-term Rating | Short-term Rating | Outlook | |
|---|---|---|---|
| S&P Global Ratings | A- | A-2 | Negative |
Regulation
The independent Commission for Aviation Regulation (CAR) is responsible for the regulation of airport charges at Irish airports. Dublin Airport is the only airport currently subject to economic regulation by CAR. Determining airport charges on the basis of independent, objective and transparent criteria, as well as sound economic principles is an important principle. The regulator sets charges at Dublin Airport following submissions from daa, airlines and other interested parties. The legislation also provides that CAR assumes responsibility for the regulation of charges for terminal services provided by the Irish Aviation Authority and for a number of other aviation functions that were previously the responsibility of the Minister for Public Enterprise. Details of the regulator’s decisions in relation to airport charges at Dublin Airport can be found on the CAR website.