Investments - Spain

PRB monitoring

▪ ENAIRE planned a total RP3 asset value for new investments of 664M€₂₀₁₇, of which 97% for new major investments. ENAIRE planned 11 new major investments for RP3, all of which have started.

▪ ENAIRE planned RP3 new investments represent 13% of the Union-wide total amounts of the assets for new investments. ENAIRE planned to invest more in CNS systems compared to the Union-wide median (25% vs 18% respectively), and less for infrastructure (2% vs 27%).

▪ ENAIRE overspent +14M€₂₀₁₇ (+2.3%) in costs related to investments during RP3 (+19M€₂₀₁₇ in en route and -5M€₂₀₁₇ in terminal), according to the reporting tables and monitoring reports.

▪ ENAIRE reported 51M€₂₀₁₇ funding from Union assistance programmes in RP3, while SESAR Deployment Manager data indicates payments for 44M€₂₀₁₇ during the reference period.

Value of the assets for New Investments included in the Performance Plan Spain | ENAIRE

Determined and additional asset value by investment category

Total value of the asset for new investments (M€2017)	663.68	% of total
New major investments (above 5M€ each)	646.02	97%
Included in the performance plan	646.02	97%
Additional	0.00	0%
Other new investments (below 5M€ each)	17.66	3%

Determined asset value: en route and terminal

Total value of the asset for new major investments (M€2017)	646.02	% of total
En route	610.32	94%
Terminal	35.70	6%

Determined asset value by type of investment

Total value of the asset for new major investments (M€2017)	646.02	% of total
ATM systems	306.56	47%
CNS systems	164.31	25%
Infrastructure	11.13	2%
Other	164.02	25%
Unknown	0.00	0%

Asset value for new investments: ANSP compared to Union-wide

Costs related to investments included in the Performance Plan Spain | ENAIRE

New and existing investments

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	109.06	113.00	120.13	132.64	137.43	612.25
New major investments	12.92	24.14	43.41	65.66	85.07	231.20
Other new investments	0.08	0.26	1.01	1.96	2.47	5.79
Existing investments	96.05	88.60	75.71	65.01	49.89	375.26

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	109.06	111.91	115.23	141.18	149.07	626.45
New major investments	12.92	23.43	38.92	70.11	91.60	236.98
Other new investments	0.08	0.19	0.43	3.06	4.02	7.79
Existing investments	96.05	88.29	75.88	68.01	53.46	381.68

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	(1.09)	(4.90)	8.53	11.64	14.20
New major investments	0.00	(0.71)	(4.49)	4.44	6.53	5.78
% change of actual with respect to determined	0%	-3%	-10%	+7%	+8%	+1%
Other new investments	0.00	(0.07)	(0.58)	1.10	1.54	2.00
% change of actual with respect to determined	0%	-26%	-57%	+56%	+62%	+36%
Existing investments	0.00	(0.31)	0.17	2.99	3.57	6.42
% change of actual with respect to determined	0%	0%	+0%	+5%	+7%	+12%

Costs of investments by nature - En route

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	89.59	93.47	99.50	110.27	113.75	506.58
Depreciation	66.64	69.63	74.49	85.01	87.80	383.58
Cost of capital	22.95	23.84	25.00	25.26	25.95	123.00
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	89.59	92.98	96.60	119.70	127.00	525.88
Depreciation	66.64	70.08	73.18	86.31	91.39	387.60
Cost of capital	22.95	22.90	23.42	33.39	35.61	138.28
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	(0.49)	(2.89)	9.43	13.25	19.30
Depreciation	0.00	0.45	(1.31)	1.30	3.59	4.03
Cost of capital	0.00	(0.94)	(1.58)	8.13	9.66	15.28
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Costs of investments by nature - Terminal

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	8.02	8.32	8.73	9.53	9.67	44.28
Depreciation	6.19	6.34	6.66	7.45	7.52	34.15
Cost of capital	1.83	1.98	2.08	2.09	2.16	10.13
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	8.02	7.67	7.12	7.98	8.34	39.12
Depreciation	6.19	5.95	5.55	5.88	6.16	29.74
Cost of capital	1.83	1.72	1.57	2.10	2.18	9.39
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	(0.65)	(1.62)	(1.55)	(1.34)	(5.16)
Depreciation	0.00	(0.39)	(1.11)	(1.56)	(1.35)	(4.41)
Cost of capital	0.00	(0.27)	(0.51)	0.01	0.02	(0.75)
Cost of leasing	0.00	0.00	0.00	0.00	0.00	0.00

Costs by new major investments

Determined costs	2020D	2021D	2022D	2023D	2024D	RP3
Total costs of new and existing investments (M€2017)	12.92	24.14	43.41	65.66	85.07	231.20
Safety Reinforcement Action Plan ("REINFORCE")	0.05	0.52	0.90	1.33	1.52	4.33
Security & Cybersecurity systems evolution plan ("PROTECT")	0.11	0.44	0.78	1.11	1.47	3.91
Digital Airspace	2.42	3.18	5.19	7.42	9.03	27.24
Digital Tech	4.52	8.68	15.27	23.96	35.09	87.51
Digital Network	0.71	3.20	5.78	9.62	11.71	31.03
Digital AIM	0.10	0.18	0.43	0.76	1.08	2.54
Civil-Military Coordination	0.00	0.10	0.23	0.26	0.27	0.86
Eco-ENAIRE /Green Sky	0.01	0.19	0.51	0.99	1.07	2.77
Technical COMM evolution (&basis for future concepts such as ADSP)	1.57	1.92	4.95	7.71	8.91	25.05
CRIDA as engine of ENAIRE innovation	0.02	0.14	0.84	1.23	1.67	3.91
ENAIRE's Digital Transformation	3.40	5.59	8.54	11.28	13.26	42.07

Actual costs	2020A	2021A	2022A	2023A	2024A	RP3
Total costs of new and existing investments (M€2017)	12.92	23.43	38.92	70.11	91.60	236.98
Safety Reinforcement Action Plan ("REINFORCE")	0.05	0.45	0.90	1.35	1.55	4.30
Security & Cybersecurity systems evolution plan ("PROTECT")	0.11	0.45	0.83	1.38	1.93	4.71
Digital Airspace	2.42	3.16	4.64	7.52	10.46	28.21
Digital Tech	4.52	8.44	12.88	29.93	41.18	96.95
Digital Network	0.71	2.80	5.76	8.50	10.85	28.63
Digital AIM	0.10	0.27	0.67	0.95	1.31	3.29
Civil-Military Coordination	0.00	0.00	0.15	0.11	0.13	0.40
Eco-ENAIRE /Green Sky	0.01	0.03	0.12	0.42	0.72	1.31
Technical COMM evolution (&basis for future concepts such as ADSP)	1.57	1.70	2.71	4.34	7.08	17.39
CRIDA as engine of ENAIRE innovation	0.02	0.14	0.80	1.34	1.94	4.24
ENAIRE's Digital Transformation	3.40	6.00	9.43	14.27	14.44	47.55

Difference (A-D)	2020	2021	2022	2023	2024	RP3
Total difference (M€2017)	0.00	(0.71)	(4.49)	4.44	6.53	5.78
Safety Reinforcement Action Plan ("REINFORCE")	(0.00)	(0.07)	(0.00)	0.02	0.03	(0.03)
Security & Cybersecurity systems evolution plan ("PROTECT")	(0.00)	0.01	0.05	0.28	0.47	0.80
Digital Airspace	(0.00)	(0.01)	(0.54)	0.11	1.43	0.97
Digital Tech	0.00	(0.24)	(2.38)	5.97	6.09	9.44
Digital Network	0.00	(0.41)	(0.01)	(1.13)	(0.86)	(2.40)
Digital AIM	0.00	0.10	0.24	0.19	0.23	0.75
Civil-Military Coordination	(0.00)	(0.09)	(0.08)	(0.15)	(0.14)	(0.45)
Eco-ENAIRE /Green Sky	0.00	(0.16)	(0.39)	(0.57)	(0.35)	(1.47)
Technical COMM evolution (&basis for future concepts such as ADSP)	0.00	(0.23)	(2.24)	(3.37)	(1.83)	(7.66)
CRIDA as engine of ENAIRE innovation	(0.00)	(0.01)	(0.04)	0.10	0.28	0.33
ENAIRE's Digital Transformation	0.00	0.41	0.90	2.99	1.18	5.48

Expected benefit and impact per new major investment Spain | ENAIRE

New major investments	Expected benefit per KPA	SAF	ENV	CAP	CEF
Digital Network		X	X	X	X
Technical COMM evolution (&basis for future concepts such as ADSP)		X		X	X
Digital Tech		X	X	X	X
Eco-ENAIRE /Green Sky			X		X
Safety Reinforcement Action Plan ("REINFORCE")		X
Digital AIM		X	X		X
Security & Cybersecurity systems evolution plan ("PROTECT")		X		X	X
Digital Airspace		X	X	X	X
Civil-Military Coordination		X	X	X
CRIDA as engine of ENAIRE innovation		X	X	X	X
ENAIRE's Digital Transformation				X	X

New major investments	Expected impact	Network	Local	Non-performance
Digital Network			X	X
Technical COMM evolution (&basis for future concepts such as ADSP)		X	X	X
Digital Tech		X	X	X
Eco-ENAIRE /Green Sky			X	X
Safety Reinforcement Action Plan ("REINFORCE")		X	X
Digital AIM		X	X	X
Security & Cybersecurity systems evolution plan ("PROTECT")		X	X
Digital Airspace		X	X
Civil-Military Coordination		X	X
CRIDA as engine of ENAIRE innovation		X	X	X
ENAIRE's Digital Transformation			X	X

New major investments	SES mandated	Partnership	ATM systems
			ATM system	CP/MP
Digital Network
Technical COMM evolution (&basis for future concepts such as ADSP)	X		X
Digital Tech	X		X	X
Eco-ENAIRE /Green Sky
Safety Reinforcement Action Plan ("REINFORCE")	X	X	X	X
Digital AIM	X		X	X
Security & Cybersecurity systems evolution plan ("PROTECT")	X		X
Digital Airspace	X		X	X
Civil-Military Coordination	X		X	X
CRIDA as engine of ENAIRE innovation			X	X
ENAIRE's Digital Transformation

Public funding granted for total CAPEX (CEF/TEN-T)

Actual funding declaration vs payments

Funding declared (M€2017)	2020	2021	2022	2023	2024	RP3
Total included in the funding declaration (reporting tables)	6.83	17.05	13.71	11.74	1.97	51.30
SDM Payment	0.89	4.44	6.17	7.62	24.79	43.91
Difference between total funding declared vs received	5.95	12.61	7.54	4.12	(22.82)	7.39