Flughafen Wien Ag · VIE:FLU
Flughafen Wien — H1 2021 Earnings Presentation
25 slides from Flughafen Wien's earnings presentation, Aug 19, 2021
Slide 1: Flughafen Wien AG Results H1/2021
FLUGHAFEN WIEN AG Results H1/2021 19.8.2021
Slide 2: H1/2021: Very difficult first half year, significant rise in passenger figures in July 2021
H1/2021: After very difficult first half year, significant rise in passenger figures in July 2021 COVID-19 pandemic takes its toll on the first half year of 2021: H1/2021 with -34.3% in revenue, net profit before non-controlling interests at € -32.5 million, cargo with about -4% in July 2021 almos
Slide 3: Profit and revenue drop due to COVID-19 pandemic
Profit and revenue drop due to COVID-19 pandemic in € million H1/2021 H1/2020 Δ in % Revenue 128.6 195.8 -34.3 Earnings before interest, tax, depreciation 25.2 48.9 -48.4 and amortization (EBITDA) Earnings before interest and taxes (EBIT) -40.3 -16.2 -149.2 Financial results -5.9 -7.8 24.6 Earnings
Slide 4: Expenses: Significant cost reduction achieved in all positions
Expenses: Significant cost reduction achieved in all positions Expenses for consumables and in € million H1/2021 H1/2020 Δ in % services used were below Consumables and previous year (-4.5%) services used -13.4 -14.0 -4.5 Personnel expenses -80.2 -109.4 -26.7 Personnel expenses were down Other o
Slide 5: Higher net debt, positive cash flow from operating activities and significant CAPEX reduction
Higher net debt, positive cash flow from operating activities and significant CAPEX reduction H1/2021 H1/2020 Δ in % Net debt (€ million)1 222.9 201.9 10.4 Gearing (in %)1 17.5 15.5 n.a. Cash flow from operating activities 9.4 -6.8 238.4 (€ million) Free cash flow (€ million) -2.2 -69.0 n.a. CAPEX (
Slide 6: Share price development since 01/2016: +24%
Share price development since 01/2016: +24% outperforming competitors, market cap at about € 2.5 billion at the end of H1/2021 100 50 +24% Indexed 0 +1% -5% -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 13.08.2021
Slide 7: COVID-19 vaccination is key to overcome the crisis – Vienna Airport 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 80% of employees are vaccinated Vaccination without pre-registration is possible in the
Slide 8: Leaving the crisis behind via innovation: COVID-safe events, office spaces and startups
Leaving the crisis behind via innovation: COVID-safe events, office spaces and startups at the AirportCity Office Park 4 already in operation – COVID-safe conference or event offering with large test infrastructure on location 40-50% occupancy rate despite crisis Austria´s most sustainable off
Slide 9: 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 10: Forecast 2021: Adjusted revenue, net profit guidance is confirmed
Forecast 2021: Adjusted revenue, net profit guidance is confirmed 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
Slide 11: Traffic Results H1/2021
TRAFFIC RESULTS H1/2021 11 wit Vienna ioe al
Slide 12: Traffic development H1/2021 Flughafen Wien Group
Traffic development H1/2021 Flughafen Wien Group Group passenger development H1/2021 H1/2020 Δ in % Vienna Airport (millions) 2.0 5.1 -61.4 Malta Airport (millions) 0.4 1.0 -60.3 Kosice Airport (millions) 0.0 0.0 -54.0 Vienna Airport and its strategic 2.4 6.2 -61.1 investments (VIE, MLA, KSC) Traffi
Slide 13: Shares of scheduled airlines
Shares of scheduled airlines H1/2021 Share in % Passengers PAX Δ to H1/2020 in % 1. Austrian 56.5 1,110,350 -41.5 2. Ryanair/Lauda 10.2 201,211 -68.7 3. Wizz Air 5.3 104,353 -79.4 4. Turkish Airlines 4.7 93,321 -10.6 5. Emirates 2.6 51,930 -43.6 6. KLM Royal Dutch Airlines 2.4 46,824 -24.3 7. Pegasu
Slide 14: Traffic development Vienna Airport July 2021
Traffic development Vienna Airport July 2021 07/2021 07/2020 07/2019 Passengers (millions) 1.5 0.6 3.2 Local passengers (millions) 1.1 0.5 2.4 Transfer passengers (millions) 0.4 0.1 0.8 Flight movements (in 1,000) 13.6 7.6 25.2 MTOW (in 1,000 tonnes) 553.7 301.7 1,025.0 Seat load factor (percent) 69
Slide 15: Aviation is returning slowly but surely
Aviation is returning slowly but surely With increasing vaccination rates worldwide passenger travel is slowly increasing again, the 3G rule is important for the summer travel season Air Canada, Etihad Airways and EVA Air are commencing longhaul connections to Vienna, short- and medium-haul rout
Slide 16: VIE: Better development than ADV airports and other Lufthansa hubs
VIE: Better development than ADV airports and other Lufthansa hubs After a similar development of all airports in the first half of 2021, Vienna Airport could detach itself since July in its passenger number development from the ADV airports and achieved 35-50% of pre-crisis levels on a weekly bas
Slide 17: 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 about 10 million 17
Slide 18: Segment Results H1/2021
SEGMENT RESULTS H1/2021 18
Slide 19: 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 H1/2021 H1/2020 Δ in % decline in passengers and flight External revenue 42.2 83.4 -49.4 movements EBITDA -1.0 25.3 -104.1 Revenue from aircraft-related fees EBIT -40.4 -14.7 -175.4 declined by
Slide 20: Amendment to the airport charges regulations relating to COVID-19
Amendment to the airport charges regulations relating to COVID-19 Abandoning the previous formula, the airport charges will temporarily be increased by inflation at Vienna Airport and by inflation and the factor 0.5 at the airports of Graz, Innsbruck, Klagenfurt, Linz and Salzburg This ruling wi
Slide 21: Handling & Security Services: Lower volumes, better results
Handling & Security Services: Lower volumes, better results Revenue from ground handling in € million H1/2021 H1/2020 Δ in % recorded a pandemic-related decrease by 40.1% to € 16.1 million External revenue 35.4 48.2 -26.5 EBITDA -4.9 -9.4 48.0 Revenue from cargo handling slightly increased to €
Slide 22: Retail & Properties: Stable results at lower revenue, rental revenue up
Retail & Properties: Stable results at lower revenue, rental revenue up Lower revenue from centre in € million H1/2021 H1/2020* Δ in % management & hospitality, which fell by 30.9% to € 11.7 million (H1/2020: External revenue 32.2 42.3 -23.9 € 17.0 million) EBITDA 18.9 19.3 -1.9 EBIT 9.2 10.5 -12.
Slide 23: 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 Highlight: „Wolfgang Puck Kit
Slide 24: 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 H1/2021 H1/2020 Δ in % segment declined in the first half year by 15.5% to € 12.6 million External revenue 12.6 14.9 -15.5 (H1/2020: € 14.9 million), primarily EBITDA 2.4 2.6 -7.8 due to the decrease in tra
Slide 25: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 25