Flughafen Wien Ag · VIE:FLU
Flughafen Wien — FY2018 Earnings Presentation
24 slides from Flughafen Wien's earnings presentation, 2019
Slide 1: On a Growth Path: Traffic Results 2018 and Business Outlook for 2019
FLUGHAFEN WIEN AG On a Growth Path: Traffic Results 2018 and Business Outlook for 2019
Slide 2: 2018 marked the highest passenger volume in the history of Vienna Airport
2018 marked the highest passenger volume in the history of Vienna Airport Record: More than 27 million passengers at Vienna Airport (VIE), more than 34 million in the Group All-time single day record: 101,841 passengers at VIE on Sept. 21, 2018 10.8% growth at VIE to a total of 27,037,292 pass
Slide 3: Traffic development of the Flughafen Wien Group in 2018
Traffic development of the Flughafen Wien Group in 2018 Group passenger development 2018 2017 ∆ in % Vienna Airport (millions) 27.0 24.4 +10.8 Malta Airport (millions) 6.8 6.0 +13.2 Kosice Airport (millions) 0.5 0.5 +9.1 Vienna Airport and its strategic 34.4 30.9 +11.3 investments (VIE, MLA, KSC) Sh
Slide 4: Traffic development of Vienna Airport in 2018
Traffic development of Vienna Airport in 2018 Traffic development at Vienna 2018 2017 ∆ in % Airport Passengers (millions) 27.0 24.4 +10.8 Local passengers (millions) 20.3 17.8 +13.6 Transfer passengers (millions) 6.7 6.4 +3.7 Flight movements (in 1,000) 241.0 224.6 +7.3 MTOW (millions of tonnes) 9.
Slide 5: 74 airlines serve 205 destinations in 71 countries
74 airlines serve 205 destinations in 71 countries Europe +9.9% thereof Western 85.7% thereof Eastern Europe Europe Growth driven by Austrian Airlines, +10.3% +8.3% Strong growth thanks to Wizz Air and Austrian Laudamotion, easyJet, Level, Wizz Air and Airlines (mainly Poland, Ukraine, Romania) Euro
Slide 6: Tourism – Far East as a growth market in 2018
Tourism – Far East as a growth market in 2018 Tourism figures 2017/181: ✈ Chinese market (incl. HK and Taiwan) NEW as of Feb. 2019: Visitors to Vienna: 349,000 (+16%) ANA daily flights to Tokyo-HND ✈ South East Asia2 PEK Visitors to Vienna: 90,000 (+22%) ICN HND NRT ✈ Japan Since Oct. 2018: PVG
Slide 7: Country highlights in 2018
Country highlights in 2018 Total passenger volume, change vs. 2017 TOP 5 country growth Top 5 countries according to total passenger volume in 20181: ✈ Germany: 5,335,498 passengers (19.7%) ✈ Spain: 1,625,836 passengers (6.0%) ✈ UK: 1,605,397 passengers (5.9%) ✈ Switzerland: 1,523,199 passengers (5.
Slide 8: Strategic goal of expanding long-haul segment
Strategic goal of expanding long-haul segment Strong passenger growth over last seven years Total passenger growth Western Europe 2011-2018: +28.2% +28.3% 9.3 Eastern Europe 7.2 +13.8% 2.3 2.0 North America 352 2011 2018 2011 2018 Middle East 207 Far East 686 619 500 409 2011 2018 +69.9% 2011 201
Slide 9: Share of scheduled carriers
Share of scheduled carriers 2018 Share in % Passengers PAX ∆% vs. 2017 1. Austrian Airlines 47.5 12,850,423 +8.9 2. Eurowings & Germanwings 9.2 2,484,008 +10.0 3. easyJet Group1 4.9 1,332,009 +64.4 4. Lufthansa 3.4 919,347 +1.6 5. Laudamotion 2.2 593,211 n.a. 6. Turkish Airlines 2.0 545,790 +9.1 7.
Slide 10: Successful year for foreign strategic investments: Malta International Airport
Successful year for foreign strategic investments: Malta International Airport ✈ Record: 6.8 million passengers in 2018 (+13.2%) ✈ Top 3 markets: Great Britain (25%), Italy (21%), Germany (12%) ✈ Top 3 airlines: Ryanair (36%), Air Malta (30%), easyJet (5%) 10
Slide 11: Successful year for foreign strategic investments: Kosice International Airport
Successful year for foreign strategic investments: Kosice International Airport ✈ Record: 539,552 passengers in 2018 (+9.1%) ✈ Top 3 markets: Great Britain (28%), Turkey (13%), Austria (11%) ✈ Top 3 airlines: Wizz Air (33%), Travel Service Slovakia (13%), Czech Airlines (12%) 11
Slide 12: Traffic forecast for 2019
Traffic forecast for 2019 Flughafen Wien Group: 2018 Forecast 2019 + 8-10% Passengers 34.4 million (approx. 38 million) Flughafen Wien AG: 2018 Forecast 2019 approx. +10% Passengers 27.0 million (approx. 30 million) ✈ Passenger growth of 2018 to continue unabatedly in 2019 ✈ VIE: Share of low-co
Slide 13: Highlights 2018 & initial news for 2019
Highlights 2018 & initial news for 2019 2018: 24 new destinations, 8 new airlines 3 new airlines stationing aircraft incl. 3 new long-haul routes: • Wizz Air • Laudamotion with a total of 15 jets in VIE • Cape Town, • Saudia • Air Arabia Maroc • Laudamotion: 8 aircraft (Mix A320 & A321) • Tokyo-Nari
Slide 14: Punctuality to be emphasized in 2019
Punctuality to be emphasized in 2019 Punctuality and reliability as top priorities All system partners are called upon: airlines, air traffic control, airports, service providers, public authorities ✈ 71.5% of departures were punctual at VIE from Jan.-Dec. 2018 ✈ 2018: VIE was the second most punctu
Slide 15: Investments in airport security
Investments in airport security Expansion of IT infrastructure in the security area ✈ Technical re-equipping of the security centre ✈ Vienna Airport already preparing itself now for the future ✈ Expansion of various management systems (software): access control, alarm management, video management an
Slide 16: Corporate Development and Financial Guidance for 2019
CORPORATE DEVELOPMENT AND FINANCIAL GUIDANCE FOR 2019 16
Slide 17: Ongoing increase in the profit for the period since 2011 will continue in 2019
Ongoing increase in the profit for the period since 2011 will continue in 2019 180 160 140 120 in € million 100 80 >165 >148 60 127 112 113 92 40 79 81 20 38 0 1 2 2011 2012 2013 2014 2015 2016 2017 2018 2019 Net profit for the period before non-controlling interests: figures adjusted for 2011-2015
Slide 18: 30% dividend increase expected for 2018 – two-step rise in the payout ratio
30% dividend increase expected for 2018 – two-step rise in the payout ratio from 50% to 60% 1 Dividend (€/share) 0,9 2011-2017 0,8 +172% 0,7 0,6 0,5 0,4 0.680 0,3 0.625 0.500 0,2 0.413 0.325 0.250 0.263 0,1 0 2011 2012 2013 2014 2015 2016 2017 2018 Stock split in the ratio of 1:4 carried out effecti
Slide 19: Capacity as a crucial factor
Capacity as a crucial factor Flughafen Wien Group: € 2.5 billion in investments planned by 2028 (excl. 3rd runway) ✈ Terminal development project – higher quality / more capacity Renovation of Terminal 2 Renovation/Revitalisation of Pier East Southern enlargement project ✈ Office Park 4 – Comp
Slide 20: Threat of a gridlock if the traffic infrastructure is not expanded
Threat of a gridlock if the traffic infrastructure is not expanded – Necessity for a concerted action plan ✈ Quick realisation of the high-speed rail line Vienna Airport- Bruck/Leitha-Budapest/Bratislava ✈ Construction of bypass roads on the heavily burdened main through- roads in towns in the Airpo
Slide 21: Abolish the ticket tax as a petty tax within the context of tax reform measures
Abolish the ticket tax as a petty tax within the context of tax reform measures ✈ The 50% reduction of the air passenger ticket tax has strongly supported traffic and passenger growth ✈ Growth leads to value creation of more than € 500 million for Austria ✈ Complete elimination of the airport tax (a
Slide 22: 3rd runway legal proceedings currently in the hands of the Higher Administrative Court
3rd runway legal proceedings currently in the hands of the Higher Administrative Court ✈ Decision on legal action taken by runway opponents could be made in the first half of 2019 ✈ Initiative of the EU Commission to centralise airport charges would massively threaten the project 22
Slide 23: Positive outlook for 2019 – Significant rise expected in earnings and investments
Positive outlook for 2019 – Significant rise expected in earnings and investments Outlook 2019 (Outlook 2018) Revenue > € 820 million (> € 770 million) EBITDA > € 370 million (> € 350 million) Consolidated net profit1 > € 165 million (> € 148 million) Net debt < € 150 million (< € 200 millio
Slide 24: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 24