Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q1 2021 Earnings Presentation
21 slides from Flughafen Wien's earnings presentation, May 20, 2021
Slide 1: Flughafen Wien AG Results Q1/2021
FLUGHAFEN WIEN AG Results Q1/2021 20.5.2021
Slide 2: Q1/2021: COVID-19 crisis continues – Q2 traffic figures below expectations
Q1/2021: COVID-19 crisis continues – Q2 traffic figures below expectations – Forecast for 2021 is still achievable, but higher uncertainty exists COVID-19 pandemic continues to affect aviation: Minus 64.4% in revenues, a net result before non-controlling interests of minus € 25.0 million were regi
Slide 3: Continued profit and revenue drop due to COVID-19 pandemic
Continued profit and revenue drop due to COVID-19 pandemic in € million Q1/2021 Q1/2020 Δ in % Revenue 57.5 161.4 -64.4 Earnings before interest, tax, depreciation 2.4 59.0 -95.9 and amortization (EBITDA) Earnings before interest and taxes (EBIT) -30.9 26.4 -216.9 Financial results -3.6 -5.0 28.0 Ea
Slide 4: Expenses: Significant cost reduction achieved in all positions
Expenses: Significant cost reduction achieved in all positions ➢ Expenses for consumables and in € million Q1/2021 Q1/2020 Δ in % services used were significantly Consumables and below previous year (-25.2%) services used -7.8 -10.4 -25.2 Personnel expenses -39.1 -76.8 -49.1 ➢ Personnel expenses wer
Slide 5: Higher net debt, negative free cash flow and significant CAPEX reduction
Higher net debt, negative free cash flow and significant CAPEX reduction Q1/2021 Q1/2020 Δ in % Net debt (€ million)1 230.7 201.9 14.2 Gearing (in %)1 18.0 15.5 n.a. Cash flow from operating activities -11.3 26.5 -142.6 (€ million) Free cash flow (€ million) -28.8 -21.0 n.a. CAPEX (€ million)2 6.3 2
Slide 6: Share price development since 01/2016: +40%
Share price development since 01/2016: +40% outperforming competitors, market cap at about € 2.5 billion at the end of Q1/2021 100 50 +40% Indexed +10% 0 +2% -50 -100 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 FWAG Fraport ZRH Share price development from 1.1.2016 to 14.05.202
Slide 7: Vienna Airport sets the course for the period after the crisis
Vienna Airport sets the course for the period after the crisis Office Park 4 already in operation – COVID-safe conference or event offering with test infrastructure on location ➢ 40-50% occupancy rate despite crisis ➢ Austria´s most sustainable office building ➢ ÖGNI-certificate: Awarded for high
Slide 8: Vienna Airport on its way to becoming a CO2-neutral Green Airport
Vienna Airport on its way to becoming a CO2-neutral „Green Airport“ Photovoltaic push is continued Vienna Airport builds Austria´s biggest photovoltaic site with a size of 24 hectares and 24 MW peak performance Start of construction in 2021 – entry into operation in 2022. 30% of the annual power
Slide 9: Forecast 2021 still achievable, but higher uncertainty exists
Forecast 2021 still achievable, but higher uncertainty exists Forecast 2021 Revenue around € 430 million EBITDA around € 150 million Consolidated net profit around € 4 million Net debt around € 100 million CAPEX around € 62 million Vaccination progress in entire Europe, Green Pass and incr
Slide 10: Traffic Results Q1/2021
TRAFFIC RESULTS Q1/2021 10
Slide 11: Traffic development Q1/2021 Flughafen Wien Group
Traffic development Q1/2021 Flughafen Wien Group Group passenger development Q1/2021 Q1/2020 Δ in % Vienna Airport (millions) 0.6 4.9 -88.4 Malta Airport (millions) 0.1 1.0 -90.2 Kosice Airport (millions) 0.0 0.0 -87.7 Vienna Airport and its strategic 0.7 6.0 -88.7 investments (VIE, MLA, KSC) Traffi
Slide 12: Shares of scheduled airlines
Shares of scheduled airlines Q1/2021 Share in % Passengers PAX Δ to Q1/2020 in % 1. Austrian 53.8 308,056 -83.3 2. Turkish Airlines 7.1 40,838 -57.4 3. Ryanair 5.0 28,856 -95,5 4. Emirates 4.7 26,830 -70.5 5. KLM Royal Dutch Airlines 3.4 19,604 -65.3 6. Ethiopian Airlines 3.2 18,574 -23.7 7. Pegasus
Slide 13: Traffic development Vienna Airport April 2021
Traffic development Vienna Airport April 2021 04/2021 04/2020 04/2019 Passengers (millions) 0.3 0.0 2.7 Local passengers (millions) 0.2 0.0 2.1 Transfer passengers (millions) 0.1 0.0 0.6 Flight movements (in 1,000) 5.0 1.0 22.8 MTOW (in 1,000 tonnes) 238.7 87.8 943.2 Seat load factor (percent) 42.6
Slide 14: Aviation and tourism are returning slowly but surely
Aviation and tourism are returning slowly but surely Internationally accepted vaccination, test and immune status certificate is urgently needed Vaccination rates in European countries are increasing, low-threshold testing opportunities have been established by now Certain tourism destinations a
Slide 15: Traffic forecast for 2021
Traffic forecast for 2021 Flughafen Wien Group: 2020 Forecast 2021 Passengers 9.7 million about 15.9 million Flughafen Wien AG: 2020 Forecast 2021 Passengers 7.8 million about 12.5 million H1/2021 will remain challenging – strong increase first expected as of H2/2021 Medium-term estimate of
Slide 16: Segment Results Q1/2021
SEGMENT RESULTS Q1/2021 — =... (Somes rd oh, 2 a
Slide 17: Airport: Passenger decline leads to lower EBITDA and EBIT
Airport: Passenger decline leads to lower EBITDA and EBIT ➢ Notable revenue decrease due to in € million Q1/2021 Q1/2020 Δ in % decline in passengers and flight movements External revenue 16.1 75.8 -78.8 EBITDA -5.6 30.4 n.a. ➢ Revenue from aircraft-related fees EBIT -25.4 10.4 n.a. declined by 69.5
Slide 18: Handling & Security Services: Lower revenue due to lower volumes
Handling & Security Services: Lower revenue due to lower volumes ➢ Revenue from apron handling Δ in in € million Q1/2021 Q1/2020 recorded a pandemic-related % decrease by 69.8% to € 7.1 million External revenue 16.7 36.6 -54.5 EBITDA -3.8 -0.8 n.a. ➢ Revenue from cargo handling only EBIT -6.1 -3.1 n
Slide 19: Retail & Properties: Also lower revenue and results
Retail & Properties: Also lower revenue and results ➢ Lower revenue from centre in € million Q1/2021 Q1/2020* Δ in management & hospitality, which fell % by 49.6% to € 7.7 million (Q1/2020: External revenue 16.8 32.1 -47.9 € 15.2 million) EBITDA 9.3 17.8 -47.7 EBIT 4.2 13.4 -68.4 ➢ Parking revenue a
Slide 20: Malta: Lower revenue and results due to COVID-19
Malta: Lower revenue and results due to COVID-19 ➢ External revenue of the Malta in € million Q1/2021 Q1/2020 Δ in % segment declined in the first three months by 60.4% to € 5.1 million External revenue 5.1 12.8 -60.4 (Q1/2020: € 12.8 million), primarily EBITDA 0.0 5.0 -100.0 due to the decrease in
Slide 21: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 21