Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q3 2009 Earnings Presentation
25 slides from Flughafen Wien's earnings presentation, November 2009
Slide 1: Results 3rd Quarter 2009
Company Co pa y Presentation ese tat o Results 3rd Quarter 2009 Flughafen g Wien AG November 2009 -1-
Slide 2: 1-9/2009 – Overview
1-9/2009 – Overview z Total revenue 1-9/2009: EUR 374.4 mill. - 10.4% z EBITDA 1-9/2009: EUR 132.6 mill. - 19.2% z EBIT 1-9/2009: EUR 82.8 mill. - 26.6% z Net profit : EUR 60 60.8 8 mill mill. - 28 3% 28.3% after minority interests z Passengers: g - 10.3% % (European average: - 7.4%*) * Source: ACI
Slide 3: Financial Results 1-9/2009
Financial Results 1-9/2009 Change EUR mill. 1-9/2009 1-9/2008 in % Revenues 374.4 418.0 - 10.4 Other income 10.6 7.6 + 39.9 Operating income 385.0 425.6 - 9.5 Operating expenses 252.4 261.4 - 3.4 ((excl. depreciation) p ) EBITDA 132.6 164.2 - 19.2 Depreciation 49.8 51.4 - 3.0 EBIT 82.8 112.8 - 26.6
Slide 4: Financial Results 1-9/2009 – Revenue by Segment
Financial Results 1-9/2009 Revenue by Segment Retail & Properties Handling 34.3 % EUR 66.0 mill. EUR 128.2 mill. 17.6 % - 6.6% - 10.2% 3.2 % Other Segments Revenue structure without Handling EUR 11.9 Mio. 44.9% + 0.2% 26.8% 68.2% 5.0% Airport EUR 167.9 167 9 Mio Mio. - 12.6% -4-
Slide 5: Financial Results 1-9/2009 – Financial Indicators
Financial Results 1-9/2009 Financial Indicators in % 1-9/2009 1-9/2008 EBIT Margin 22.1 27.0 EBITDA Margin g 35.4 39.3 Gearing per 30.9. 74.6 58.0 -5-
Slide 6: Capex 2009 - 2013
Capex 2009 - 2013 Incl. replacement investments and maintenance – without 3rd runway and purchase of land in EUR mill. mill Terminals 493.2 Apron, runways 24.9 Construction on the core zone 23.3 Security 54.9 Parking 26.8 Cargo bulidings 31.1 Commercial projects 4.4 Replacement investments and maint
Slide 7: Capex 2009 - 2013
Capex 2009 - 2013 I EUR mill. In ill Capex 346.1 2009 - 2013: EUR 820.0 mill. Incl. replacement investments 229.0 and maintenance – without 3rd runway y and p purchase of land 154.7 41 0 41.0 49.1 2009 2010 2011 2012 2013 -7-
Slide 8: Traffic Results 1-9/2009
Traffic Results 1-9/2009 Passengers: 13,732,465 (- 10.3%) Transfer passengers: 4,154,666 (- 10.0%) Flight movements: 183,783 (- 9.8%) MTOW (in tonnes): 5,445,848 (-8.6%) Cargo incl. trucking (in tonnes): 176,243 ((- 12.5%)) -8-
Slide 9: Traffic Results 1-9/2009 – Passengers Detail
Traffic Results 1-9/2009 1-9/2009 Passengers - Detail Total passengers -10.3% Growth Middle East +5.4% P Passengers – Eastern E t Europe E - 17.0% 17 0% Passengers – Low-cost carriers -9.5% Share of passengers - Low-cost carriers 23.4% -9-
Slide 10: Traffic Results 1-9/2009 – Airlines share of passengers
Traffic Results 1-9/2009 Ai li Airlines – share h off passengers in % 1 9/2009 1-9/2009 1 9/2008 1-9/2008 OS-Group 49.4 49.8 Niki 9.3 6.8 Air Berlin 7.1 6.5 Lufthansa 5.6 5.1 SkyEurope S y u ope 3.5 3 5 6.3 6 3 Germanwings 2.1 2.5 Swiss 1.9 1.5 British Airways 18 1.8 16 1.6 Air France 1.6 1.5 Turkis
Slide 11: Traffic Results 01-10/2009
Traffic Results 01-10/2009 1-9/2009 October 2009 1-10/2009 Forecast Passengers 13,732,465 1,640,677 15,373,142 Change in % -10.3 -2.9 -9.6 -9 MTOW (t) 5,445,848 632,058 6,077,906 Change in % -8.6 -5.8 -8.3 -8 Movements 183,783 20,990 204,773 Ch Change iin. % -9.8 98 -8.2 82 -9.6 96 -8 8 Cargo incl.
Slide 12: Long-Term Forecast 1999 - 2020
Long-Term Forecast 1999 - 2020 Total passengers in mill. Upper Trendline Lower Trendline - 12 -
Slide 13: Key advantages support the hub function
Vienna International Airport Key advantages support the hub function Key advantages 1. Location 2. Quality 3. Capacity 4. Tariffs and incentives - 13 -
Slide 14: 1.1 Catchment area
1.1 Catchment area Approx. 14.3 million people live in the catchment area Flights per GDP growth Country resident in % 2007 2008 e. Austria 2.51 2.0% Czech Rep. 1.09 4.0% Croatia 0.84 3.8% Hungary 0.79 1.9% Slovenia 0.65 4.3% Catchment area: Slovakia 0.35 7.4% The hub airport that can be EU (total)
Slide 15: 1.2 Geographical location
1.2 Geographical location Time saved with flights to/from Vienna vs. Munich Airport ation VNO `01:20h DME `00:25h an informa MSQ `01:35h m Austrian and Lufthansa WAW `00:25h e flight pla KBP `00:25h Sourrce: Online BUD `00 00:40h 40h ROV `01:30h 01:30h ZAG `00:20h BEG `00:20h OTP `00:30h SJJ `00:25h
Slide 16: 1.3 Markets
1.3 Markets Europe AUA and LH flights to Eastern E Eastern Europe LH & OS LH OS LH focus regions OS focus regions Source: OAG, week 46, as of 12.01.2008 - 16 -
Slide 17: 1.4 Positioning of the airport in Eastern Europe
1.4 Positioning of the airport in Eastern Europe High frequencies, maximum destinations ovember 2008, exxcl. Ekaterinburg Source. OAG, No Highest number of East European destinations in comparison - 17 -
Slide 18: 2.1 VIE's top quality standards
2.1 VIE‘s top quality standards z 25-minute minimum connecting time: Airport MCT Airport MCT ght Guide Munich 30 - 35 min Amsterdam 50 min urce: OAG Flig Zurich 40 min Brussels 50 min Copenhagen 45 min Paris 60 - 90 min Sou Frankfurt 45 min London 45 - 90 min z Short routes & comfortable transfers f
Slide 19: 3.1 Non-aviation
3.1 Non-aviation First-class service and comfort T Terminal i l expansion i Skylink: Sk li k ¾ Substantial increase in gastronomy and shopping areas Decrease iin D Additionall Additi Available Additional Total space space space in T2 Total space space space with opening with opening and Pier 2008 Sk
Slide 20: 3.2 Third runway project
3.2 Third runway project Name: 11R/29L Length: 3,680 metres Width: 60 metres 2 400m 2.400m Taxiways: ~ 27.5 km Category: CAT III - 20 -
Slide 21: 4.1 Competitive tariffs and attractive incentives
4.1 Competitive tariffs and attractive incentives B Better than h the h European E average** * All airlines, all fees, including incentives Source: VIE; August 2009 - 21 -
Slide 22: 4.1 Competitive tariffs and attractive incentives
4.1 Competitive tariffs and attractive incentives Change in tariff regulation as of 1.1.2009 z Increase of 0.72% 0 72% in landing landing, parking and airside infrastructure tariffs z Increase of 0.38% in passenger tariff and landside infrastructure tariffs Change in tariff regulation as of 1.7.2009
Slide 23: 4.2 VIE's attractive incentive scheme
4.2 VIE‘s attractive incentive scheme …our offer to the airlines TRANSFER INCENTIVE SCHEME: Ó To T supportt transfers t f andd the th connections ti available il bl att VIE Ó The transfer incentive currently equals € 10.21 for each departing transfer passenger GROWTH INCENTIVE SCHEME: Ó Increase in
Slide 24: International Investments
International Investments Kosice Airport 303,123 passengers 1-9/2009 (-37.8%) Revenue 1-9/2009: EUR 9.5 million Results for the period 1-9/2009: EUR 2.2 million Malta International Airport 2.3 2 3 Mio passengers 1-9/2009 1 9/2009 ((-8.2%) 8 2%) Revenue 1-9/2009: EUR 36.2 million Results for the peri
Slide 25: Results 3rd Quarter 2009
Company Co pa y Presentation ese tat o Results 3rd Quarter 2009 Flughafen g Wien AG November 2009 - 25 -