Flughafen Wien Ag · VIE:FLU
Flughafen Wien — FY2024 Earnings Presentation
25 slides from Flughafen Wien's earnings presentation, Mar 3, 2025
Slide 1: Business Results 2024 & Outlook for 2025
3. März 2025 Business Results 2024 & Outlook for 2025 1
Slide 2: Good result enables investment offensive
Good result enables investment offensive Vienna Airport expands and prepares for long-term growth 2024 continues positive corporate development - increase in sales and profit − Revenue € 1,052.7 million (+13.0%) − EBITDA € 442.3 million (+12.4%) − Group net profit € 239.5 million (+27.0%), thereof €
Slide 3: Aviation remains a growth sector
Aviation remains a growth sector Travelling is very popular despite the poor economic situation PAX, revenue and EBIDTA development 1.100 35 − Complete recovery from COVID-19 slump 1.053 1.000 31.7 − Revenue and EBITDA clearly above the 31.7 30 pre-crisis level 900 858 25 − Positive business develop
Slide 4: Expenses
Expenses Stable margin development despite cost pressure € million 2024 2023 Δ Consumables and services used -55.7 -54.1 2.9% Personnel expenses -386.1 -349.4 10.5% Other operating expenses1 -190.1 -142.6 33.3 Depreciation and amortisation -135.8 -131.8 3.1% EBITDA margin 42.0% 42.2% EBIT margin 29.
Slide 5: Cash flow & equity
Cash flow & equity Good operating cash flow development, increase in capital expenditure € million 2024 2023 Δ Cash flow from operating activities 443.7 384.8 15.3% Free cash flow 114.2 228.2 -49.9% CAPEX 189.8 107.0 77.4% Net liquidity 511.6 361.9 41.4% Equity 1,667.2 1,556.4 7.1% Equity ratio 69.5
Slide 6: Strong balance sheet structure
Strong balance sheet structure Perceptible equity increase 2,400 2,301 2,173 2,225 2,194 2,074 413 301 347 291 293 345 683 333 258 537 313 532 320 573 483 293 535 501 2,000 1,883 1,762 1,688 1,663 1,556 1,718 1,667 1,381 1,448 1,305 1,314 AssetsEquity & AssetsEquity & AssetsEquity & AssetsEquity & A
Slide 7: Dividend increase to € 1.65 per share
Dividend increase to € 1.65 per share Shareholders and employees participate in the company‘s success Dividend per share (in €) 1.65 − Dividend proposal of € 1.65 per share for 2024, 1,65 plus 33 cents (€ 1.32 in 2023), corresponds to 1,50 around two thirds of the net profit 1,35 − Total dividend di
Slide 8: Vienna Airport is investing heavily in growth
Vienna Airport is investing heavily in growth Increase in Capex to about € 300 million in 2025 and in the following years Terminal 3 Southern Expansion is the biggest investment project − Construction progress on time and within budget − Building shell completed by the summer − Scheduled to be opene
Slide 9: Aviation: less but better regulation
Aviation: less but better regulation Growth-promoting framework conditions required Urgent need for change in regulations that drive inflation and burden the development of air traffic − Need for action at national and European level − Blending obligations for sustainable fuels (SAF) too expensive,
Slide 10: The AirportCity is growing quickly
The AirportCity is growing quickly Boom in business location projects – Expansion of Office Park 4 − The Vienna Airport site with 23,000 employees continues to be the biggest employer in the Eastern Region of Austria − Ongoing strong interest in office and operating premises in the AirportCity − Exp
Slide 11: Financial guidance for 2025
Financial guidance for 2025 Stabilisation of earnings development after business recovery from COVID Revenue approx. € 1.08 billion EBITDA approx. € 440 million 1 Group net profit approx. € 230 million Capex approx. € 300 million − Strong financial position enables financing of increased investments
Slide 12: Traffic development & segment results
Traffic development & segment results 12 12
Slide 13: Vienna Airport remains on course for success
Vienna Airport remains on course for success Record year in 2024 and positive outlook for 2025 2024: Record passenger numbers, revenue and earnings − Peak figures for passengers, seat load factor and cargo drive business development in 2024 − 31,719,836 passengers at Vienna Airport: +57,647 passenge
Slide 14: Records in 2024
Records in 2024 Growth continues in January 2025 Group passenger development1 2024 Δ 2023 Group passenger development1 01/2025 Δ 01/2024 Vienna Airport (millions) 31.7 +7.4% Vienna Airport (millions) 1.9 +3.3% Malta Airport (millions) 9.0 +14.8% Malta Airport (millions) 0.5 +9.0% Košice Airport (mil
Slide 15: Traffic forecast for 2025
Traffic forecast for 2025 Slight growth expected at Vienna Airport and in the Flughafen Wien Group Flughafen Wien AG Guidance 2025 2024 Passengers approx. 32 million 31.7 million Flughafen Wien Group Guidance 2025 2024 Passengers approx. 42 million 41.4 million − New airlines and destinations in the
Slide 16: Airport
Airport Good traffic development ensures significant revenue and earnings growth € million 2024 2023 Δ − Airport segment with highest share of revenue and earnings of 48% and 41%, respectively External revenue 506.6 440.1 15.1% − Rise in passenger-related fees by +18% EBITDA 204.3 176.7 15.7% to € 3
Slide 17: Vienna Airport shows the strongest growth
Vienna Airport shows the strongest growth xxx Recovery rate of Lufthansa hubs1 VIE the largest airport in the catchment area Vienna 100% Vienna 31,7 Zurich 99% Budapest 17,6 Brussels 90% Prague 16,4 Munich 87% Bratislava 1,9 Frankfurt 87% − Vienna Airport was the only Lufthansa flight hub − Catchmen
Slide 18: Strong summer travel season expected
Strong summer travel season expected Air travel is the top mode of transport for tourists in Vienna Tourism in Vienna recorded a new all-time high with 18.9 million overnight stays in 2024 Air travel is the preferred mode of transport (39% of all travellers) − 82% of overnight stays accounted for by
Slide 19: Handling & Security Services
Handling & Security Services Cargo record at Vienna Airport and ongoing high service quality − Record cargo volumes at Vienna Airport support € million 2024 2023 Δ significant earnings improvement in handling External revenue 177.8 165.7 7.3% − Pronounced rise in cargo volumes of 21.6% vs. EBITDA 17
Slide 20: VIE intensifies strong international partnerships
VIE intensifies strong international partnerships New “Airports Partnership Project“ with four airports across the globe − Strategic alliances through “Airports Partnership Project“ ⚫ Incheon Airport ⚫ Korean Air ⚫ Shenzhen Airport ⚫ Guarulhos International Airport − Promotion of innovation and deve
Slide 21: Retail & Properties
Retail & Properties Expanded offering, passenger growth ensure a substantial improvement − Center Management & Hospitality (+13%) € million 2024 2023 Δ and parking (+9%) strongly benefit from External revenue 203.0 182.5 11.2% passenger growth EBITDA 113.9 100.6 13.2% − Following its expansion to 2,
Slide 22: Southern Expansion: Tenant acquisition in full swing
Southern Expansion: Tenant acquisition in full swing Focus on national and international premium brands Tenant acquisition is well underway − Allocation of shopping and restaurant space; focus on Austrian cuisine as well as strong national and international premium brands − Flexible allotment of spa
Slide 23: Malta
Malta Very dynamic passenger development – Volume more than doubled since 2014 − Record passenger volume of 9.0 million € million 2024 2023 Δ passengers (+14.8% vs. 2023, +22.5% vs. 2019) External revenue 142.9 120.2 18.8% ensures a marked earnings improvement EBITDA 87.2 75.4 15.6% − Malta Airport
Slide 24: Financial calendar 2025
Financial calendar 2025 03 March: Preliminary Results for the Full Year 2024 15 May: Q1/2025 Results 06 June: Annual General Meeting 11 June: Ex-dividend Date 19 August: H1/2025 Results 18 November: Q1-3/2025 Results 24
Slide 25: Contact
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 25 25