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Virgin Islands Port Authority 2023 Spring Revenue Estimating Conference March 08, 2023 Virgin Islands Port Authority (VIPA or Port) Overview • VIPA is an autonomous instrumentality of the Virgin Islands Government and relies on fees charged for use of VIPA-owned facilities, and federal/local grants received, to pay for its operational and capital expenditures. • VIPA is governed by a nine-member board that sets policy and an executive director who implements policy and oversees the daily operations of the Port. • VIPA is comprised of two main operational units: the Aviation Division and the Marine Division. The other VIPA divisions serve as support in carrying out the functions of these two divisions. VIPA HISTORICAL STATISTICS  VIPA revenues are supported by travelling passenger traffic at our two airports and 14 public seaports 24 FY 2019 FY 2020 FY 2021 FY 2022 1 FY 2023 Aviation St Thomas 604,266 407,521 681,201 766,328 223,982 St Croix 229,193 139,595 199,890 208,855 62,072 Total Aviation Passengers 833,459 547,116 881,091 975,183 286,054 Marine Cruise Calls St Thomas 492 303 20 333 189 St John 22 25 1 18 12 St Croix 35 17 3 35 26 Total Cruise Calls 549 345 24 386 227 Cruise Passengers St Thomas 1,629,473 859,149 27,725 790,026 577,433 St John 2,374 4,414 0 3,151 2,109 St Croix 78,640 38,190 3,841 59,864 64,343 Total Marine Passengers 1,710,487 901,753 31,566 853,041 643,885 1 FY2023 - stats are from Oct. 1, 2022 – Jan. 31, 2023 VIPA Revenues 2019 – 2023 (Jan. 31) 24 Aviation Marine Combined FY 2023 Actuals a/o Ja. 31, 2023 FY 2023 Budget FY 2022 Unaudited FY 2021 Unaudited FY 2020 Unaudited FY 2019 Audited $10.1M $36.7M $36.6M $14.7M $24.0M $30.0M FY 2023 Actuals a/o Ja. 31, 2023 FY 2023 Budget FY 2022 Unaudited FY 2021 Unaudited FY 2020 Unaudited FY 2019 Audited $12.0M $36.0M $24.8M $33.9M $23.1M $33.2M FY 2023 Actuals a/o Ja. 31, 2023 FY 2023 Budget FY 2022 Unaudited FY 2021 Unaudited FY 2020 Unaudited FY 2019 Audited $22.1M $72.7M $61.4M $48.6M $47.1M $63.2M Active Capital Projects Payment Status – Summary by Division/District  Active Project Cost, Awarded Contractor & Expenditures as of Jan. 31, 2023, by Division/District 24 Paid a/o Division/District Project Cost Jan. 31, 2023 Balance Aviation $80,680,059.97 $25,698,662.46 $54,981,397.51 STT $64,561,322.46 $18,367,950.46 $46,193,372.00 STX $16,118,737.51 $7,330,712.00 $8,788,025.51 Marine $33,140,013.41 $29,405,231.93 $3,734,781.48 STT/STJ $1,629,650.50 $38,970.00 $1,590,680.50 STX $31,510,362.91 $29,366,261.93 $2,144,100.98 STT/STJ $66,190,972.96 $18,406,920.46 $47,784,052.50 Aviation $64,561,322.46 $18,367,950.46 $46,193,372.00 Marine $1,629,650.50 $38,970.00 $1,590,680.50 STX $47,629,100.42 $36,696,973.93 $10,932,126.49 Aviation $16,118,737.51 $7,330,712.00 $8,788,025.51 Marine $31,510,362.91 $29,366,261.93 $2,144,100.98 All Projects as of Jan. 31, 2023 $113,820,073.38 $55,103,894.39 $58,716,178.99 Gross Receipts Paid FY 2022 - $1,547,073 (Jan.31) FY 2023 - $386,243 Active Capital Projects Payment Status  Active Project Cost, Awarded Contractor & Expenditures as of Jan. 31, 2023 24 Paid a/o STT Project Contractor Project Cost Jan. 31, 2023 Balance Project Status Aviation CEKA Parking Garage & Transportation Center AT Construction $28,947,021.73 $13,979,294.28 $14,967,727.45 Work-in-progress CEKA Taxiway A West Reconstruction Grace Civil, LLC $29,947,021.73 $0.00 $29,947,021.73 Pending CEKA Gate-5 Pavement Reconstruction RuminaConstruction,LLC $3,916,835.00 $2,970,034.28 $946,800.72 Work-in-progress Inter-Island Commuter Baggage Handling Replacement Custom Builders $1,577,531.00 $1,408,748.00 $168,783.00 Work-in-progress CEKA Fire Hydrant Replacement Victor Fire $140,000.00 $0.00 $140,000.00 Pending Demolition of Bournefield # 206 & #230 A-9 Trucking Enterprise, Inc. $32,913.00 $9,873.90 $23,039.10 Work-in-progress $64,561,322.46 $18,367,950.46 $46,193,372.00 STT Marine St. John Ferry Dock Improvements Rodriguez &Garland $1,335,173.00 $0.00 $1,335,173.00 Pending Red Hook Restrooms Renovation ContinentalConstruction $209,817.50 $0.00 $209,817.50 Work-in-progress Linbergh Bay Bathroom Renovations TMZConstruction $84,660.00 $38,970.00 $45,690.00 Work-in-progress $1,629,650.50 $38,970.00 $1,590,680.50 STX Aviation HERA Runway 10-28 Shoulder and Electrical Vault ConstruVirgin Islands Paving $8,672,850.01 $7,293,472.00 $1,379,378.01 Work-in-progress White Elephant International BuildingTesting A-Z General Contractors $10,500.00 $10,500.00 $0.00 Completed HERA Taxiway A and B Rehabilitation (Construction) Virgin Islands Paving $6,981,112.50 $6,981,112.50 Active HERA Terminal Entrance Doors Replacement TMZ Construction $70,875.00 $70,875.00 Work-in-progress HERA Old Purchasing/Engineering Department Repairs Tang How Brothers $267,400.00 $26,740.00 $240,660.00 Work-in-progress HERA Perimeter Fence Replacement Caribbean Contracting Service $116,000.00 $116,000.00 Awarded $16,118,737.51 $7,330,712.00 $8,788,025.51 STX Marine Gordon A. Finch CARGO Building AT Construction Solutions, LLC $12,326,505.16 $12,126,894.39 $199,610.77 Work-in-progress Gordon A. Finch Terminal – Molasses Pier Dredging Vivot Construction $1,065,640.00 $1,065,640.00 $0.00 Completed Container Port Cargo Warehouse Lemartec USVI $15,883,557.75 $15,865,727.54 $17,830.21 Work-in-progress Frederiksted Pier Blow-Out Panels and Structural Repairs Tang How Brothers $321,700.00 $321,700.00 Work-in-progress Frederiksted Service Pier Eleven Construction $1,912,960.00 $308,000.00 $1,604,960.00 Work-in-progress $31,510,362.91 $29,366,261.93 $2,144,100.98 Anticipated Capital Projects – Summary by Division/District FY 2023 – FY 2025  Anticipated Capital Projects by Division/District FY 2023 -FY 2025 24 FY 2023 FY 2024 FY 2025 Total Projects $60,690,563.00 $106,930,000.00 $173,155,000.00 Aviation $54,296,563.00 $52,450,000.00 $79,150,000.00 Marine $6,394,000.00 $54,480,000.00 $94,005,000.00 STT/STJ $46,859,496.00 $87,180,000.00 $107,555,000.00 STX $13,831,067.00 $19,750,000.00 $65,600,000.00 Aviation STT $44,019,496.00 $35,350,000.00 $46,250,000.00 Aviation STX $10,277,067.00 $17,100,000.00 $32,900,000.00 Marine STT/STJ $2,840,000.00 $51,830,000.00 $61,305,000.00 Marine STX $3,554,000.00 $2,650,000.00 $32,700,000.00 Project FY 2023 FY 2024 FY 2025 Airfield Compliance Marking - Design/Engineering/Construction ✓ ✓ Parking & Transportation Center - Construction ✓ ✓ Taxiway Alpha West Reconstruction - Construction ✓ ✓ Commuter BHS System Upgrade - Construction ✓ Lindbergh Bay Restroom Renovation - Construction ✓ Master Plan Update ✓ ✓ Runway 10-28 Rehabilitation - Design & Construction ✓ ✓ ✓ Taxiway Alpha East Reconstruction - Design & Construction ✓ ✓ ✓ Airfield Electrical Vault - Design ✓ Selective Slab Replacement - Design ✓ ✓ Runway Extension & Material Change Feasibility Study ✓ GA Apron Expansion - Design ✓ Drainge Gut Lining ✓ ✓ ✓ Commuter Wing Construction ✓ Projected Cumulative Totals: $125,619,496 $44,019,496 $35,350,000 $46,250,000 Virgin Islands Port Authority Anticipated Capital Projects Aviation - St. Thomas Fiscal Years 2023 - 2025 Project FY 2023 FY 2024 FY 2025 Master Plan Update ✓ ✓ Wastewater Ejection System - Design ✓ Taxiway A & B Rehabilitation - Construction ✓ BHS Refurbishment - Construction ✓ BHS Replacement - Design ✓ Apron Reconstruction - Design & Construction ✓ ✓ Runway 10-28 Rehabilitation - Design & Construction ✓ ✓ Taxiway Paved Shoulders & Electrical - Design ✓ Airport Water Distribution System Upgrade Design & Construction ✓ ✓ Cargo Building Reconstruction ✓ Projected Cumulative Totals: $60,277,067 $10,277,067 $17,100,000 $32,900,000 Virgin Islands Port Authority Anticipated Capital Projects Aviation - St. Croix Fiscal Years 2023 - 2025 Project FY 2023 FY 2024 FY 2025 Charlotte Amalie Harbor Dredging ✓ ✓ ✓ Crown Bay Harbor Dredging ✓ ✓ ✓ Crown Bay Notch Closure ✓ Crown Bay Mooring Dolphin Design & Construction ✓ ✓ Cruz Bay Dock Terminal Improvements ✓ ✓ Engined Pond Community Park - Design & Construction ✓ ✓ ✓ Crown Bay Terminal Improvements - Design & Construction ✓ ✓ ✓ Charlotte Amalie Harbor Federalization ✓ ✓ ✓ Red Hook Customs Building ✓ ✓ Red Hook Restroom Renovation - Construction ✓ St. John Fish Market - Design & Construction ✓ ✓ Cancryn School Property - Remediation ✓ Projected Cumulative Totals: $115,975,000 $2,840,000 $51,830,000 $61,305,000 Virgin Islands Port Authority Anticipated Capital Projects Marine - St. Thomas / St. John Fiscal Years 2023 - 2025 Project FY 2023 FY 2024 FY 2025 Tender Landing Pier - Construction ✓ Blowout Panel Replacement - Construction ✓ Gallows Bay Demolition ✓ Wilfred 'Bomba' Allick Terminal Improvements - Grant Services/Design/Construction ✓ ✓ Gordon A. Finch Molasses Pier Paving ✓ Krause Lagoon Cross Channel Dredging Design & Construction ✓ ✓ Schooner Bay Channel Federalization ✓ ✓ ✓ Projected Cumulative Totals: $38,904,000 $3,554,000 $2,650,000 $32,700,000 Virgin Islands Port Authority Anticipated Capital Projects Marine - St. Croix Fiscal Years 2023 - 2025 VIPA Public/Private Partnership (P3) Initiative Project Highlights • P3 with private airport developer/operator to modernize and upgrade CEKA & HERA airports • RFQs issued December 29, 2022, with submission deadline of March 16, 2023 • Investor Conference held February 1-2, 2023 • RFP to be issued May 2023 • Board approval of winning bidder anticipated January 2024 • Groundbreaking of construction anticipated 1st Quarter of 2025 CEKA Parking and Transportation Center • 3-level parking garage accommodating approx. 550 parking spaces, with 1st floor designated for taxis and rental cars • 1st phase anticipated completion - Summer 2023 • Final completion of transportation center – 2nd Quarter 2024 STX Marine Cargo Projects Ann E. Abramson Marine Facility Repairs STX • Replacement of deteriorated tender landing pier with new 80x15 new service pier – started in January 2023. Completion Date – 4th Quarter 2023 • Replacement of damaged storm panels – started January 2023. Completion Date – Summer 2023 St. John Marine Projects