Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q3 2021 Earnings Presentation
23 slides from Flughafen Wien's earnings presentation, Nov 17, 2021
Slide 1: Flughafen Wien AG Results Q1-3/2021
FLUGHAFEN WIEN AG Results Q1-3/2021 17.11.2021
Slide 2: Q1-3/2021: After very difficult first half year, significant rise in passenger figures in Q3/2021
Q1-3/2021: After very difficult first half year, significant rise in passenger figures in Q3/2021 Q1-3/2021 with revenue on previous year‘s level, net result before non- controlling interests at € -0.1 million, positive development of passenger figures in Q3/2021 Confirmed Guidance für 2021: Aro
Slide 3: Revenue on previous year's level, strong increase in net profit
Revenue on previous year‘s level, strong increase in net profit in € million Q1-3/2021 Q1-3/2020 Δ in % Revenue 274.5 277.0 -0.9 Earnings before interest, tax, depreciation 106.6 62.3 71.1 and amortization (EBITDA) Earnings before interest and taxes (EBIT) 6.9 -43.6 n.a. Financial results -7.1 -11.0
Slide 4: Expenses: Significant cost reduction achieved in all positions
Expenses: Significant cost reduction achieved in all positions Expenses for consumables and in € million Q1-3/2021 Q1-3/2020 Δ in % services used were below Consumables and -19.1 -20.9 -8.9 services used previous year (-8.9%) Personnel expenses -131.8 -160.0 -17.6 Personnel expenses were down Ot
Slide 5: Stable net debt, significantly positive cash flows and noticeable CAPEX reduction
Stable net debt, significantly positive cash flows and noticable CAPEX reduction Q1-3/2021 Q1-3/2020 Δ in % Net debt (€ million)1 201.5 201.9 -0.2 Gearing (in %)1 15.4 15.5 n.a. Cash flow from operating activities 43.1 -6.7 n.a. (€ million) Free cash flow (€ million) 21.4 -65.3 n.a. CAPEX (€ million
Slide 6: Share price development since 01/2016: +35%
Share price development since 01/2016: +35% outperforming competitors, market cap at about € 2.5 billion at the end of Q1-3/2021 100 50 +35% Indexed +11% 0 +9% -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 12.11.2
Slide 7: Forecast 2021: Positive net profit expected
Forecast 2021: Positive net profit expected Forecast 2021 Results 2020 Revenue around € 380 million € 333.7 million EBITDA around € 150 million € 54.1 million Consolidated net around € 4 million € -75.7 million profit Net debt around € 100 million € 201.9 million CAPEX around € 60 million
Slide 8: COVID-19 vaccination is key to overcome the crisis – Vienna Airports takes measures
COVID-19 vaccination is key to overcome the crisis – Vienna Airports takes measures Over 100 companies at the Vienna site are using the corporate COVID-19 vaccination program of Flughafen Wien AG More than 86% of employees are vaccinated Vaccination without pre-registration is possible in the
Slide 9: Airport region is growing: New businesses are attracted, modern office and event spaces
Airport region is growing: New businesses are attracted, modern office and event spaces Office Park 4 succesfully in operation – state-of-the- art office, event and coworking spaces ➢ 40-50% occupancy rate despite crisis ➢ Austria´s most sustainable office building ➢ ÖGNI-certificate: Awarded for
Slide 10: 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 – entry into operation in 2022. 30% of the annual power supply will be generated by eig
Slide 11: Traffic Results 1-9/2021
TRAFFIC RESULTS 1-9/2021 11
Slide 12: Traffic development 1-9/2021 Flughafen Wien Group
Traffic development 1-9/2021 Flughafen Wien Group Δ in % Group passenger development 1-9/2021 1-9/2020 Δ in % to 2019 Vienna Airport (millions) 6.8 7.0 -3.3 -71.6 Malta Airport (millions) 1.5 1.6 -0.6 -72.7 Kosice Airport (millions) 0.1 0.1 36.9 -75.4 Vienna Airport and its strategic 8.5 8.7 -2.4 -7
Slide 13: Shares of scheduled airlines
Shares of scheduled airlines 1-9/2021 Share in % Passengers PAX Δ to 1-9/2020 in % 1. Austrian 50.5 3,432,574 +29.2 2. Ryanair/Lauda 17.2 1,168,850 +12.4 3. Wizz Air 8.5 580,281 -28.7 4. Turkish Airlines 3.3 221,526 +35.6 5. Eurowings 1.7 116,533 -66.4 6. KLM Royal Dutch Airlines 1.7 115,497 +26.2 7
Slide 14: Traffic development Vienna Airport October 2021
Traffic development Vienna Airport October 2021 Δ in % 10/2021 10/2020 10/2019 to 2019 Passengers (millions) 1.6 0.4 2.8 -44.8 Local passengers (millions) 1.2 0.3 2.1 -41.7 Transfer passengers (millions) 0.3 0.1 0.7 -53.6 Flight movements (in 1,000) 14.5 7.0 23.6 -38.3 MTOW (in 1,000 tonnes) 598.0 2
Slide 15: Significantly more routes and frequencies in the summer months and beyond
Significantly more routes and frequencies in the summer months and beyond Air Canada, Etihad Airways and EVA Air are commencing longhaul connections to Vienna, short- and medium-haul routes are also added by Austrian Airlines, Ryanair, Wizz Air, Condor, SAUDIA and other carriers Opening of the U
Slide 16: Traffic forecast for 2021
Traffic forecast for 2021 Flughafen Wien Group: 2020 Forecast 2021 Passengers 9.7 million about 12-13 million Flughafen Wien AG: 2020 Forecast 2021 Passengers 7.8 million above 10 million 16
Slide 17: Segment Results Q1-3/2021
SEGMENT RESULTS Q1-3/2021 17
Slide 18: Airport: Stable revenues, improved results
Airport: Stable revenues, improved results Revenues were stable compared with in € million Q1-3/2021 Q1-3/2020 Δ in % previous year‘s period External revenue 113.5 115.5 -1.7 Revenue from aircraft-related fees EBITDA 45.3 27.2 66.9 increased by 20.9% to € 23.4 million (Q1- 3/2020: € 19.4 million
Slide 19: Handling & Security Services: Lower revenue, improved results
Handling & Security Services: Lower revenue, improved results Revenue from ground handling Δ in in € million Q1-3/2021 Q1-3/2020 recorded a pandemic-related % decrease by 10.9% to € 33.0 million External revenue 63.8 68.6 -7.1 EBITDA 0.2 -13.0 n.a. Revenue from cargo handling slightly increased
Slide 20: Retail & Properties: Improved results, revenues slightly down
Retail & Properties: Improved results, revenues slightly down Lower revenue from center in € million Q1-3/2021 Q1-3/2020* Δ in % management & hospitality, which fell by 10.6% to € 19.8 million External revenue 55.5 58.2 -4.7 (Q1-3/2020: € 22.1 million) EBITDA 34.8 27.4 26.9 EBIT 20.1 13.5 49.1 P
Slide 21: New food & beverage offerings for travellers
New food & beverage offerings for travellers: Hollywood at the airport and more local cuisine for passengers Despite the crisis Vienna Airport is expanding its food & beverage offerings with new tenants: Dean & David in the arrival hall Manner-Shop in Terminal 3 New AIDA Café in Terminal 3
Slide 22: Malta: Higher revenue and improved results
Malta: Higher revenue and improved results External revenue of the Malta in € million Q1-3/2021 Q1-3/2020 Δ in segment increased in the first nine % months by 29.2% to € 32.3 million External revenue 32.3 25.0 29.2 (Q1-3/2020: € 25.0 million), partly EBITDA 16.0 6.8 133.6 due to lower expenses for
Slide 23: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 23