Flughafen Wien Ag · VIE:FLU
Flughafen Wien — FY2023 Earnings Presentation
26 slides from Flughafen Wien's earnings presentation, Jan 18, 2024
Slide 1: Traffic Results 2023 & Outlook for 2024
18 January 2024 Traffic Results 2023 & Outlook for 2024 1
Slide 2: 2023: 2nd best year in Vienna Airport history
nd 2023: 2 best year in Vienna Airport history Record capacity utilisation of the airlines – VIE sets quality benchmarks − Economic rebound effects following Covid-19 continued in 2023 – 2nd best traffic results in Flughafen Wien’s history 29.5 million passengers in 2023 (+24.7% vs. 2022) – correspo
Slide 3: Traffic development in 2023
Traffic development in 2023 Growth of Vienna Airport Traffic development at 2023 2022 2019 Δ 2022 Δ 2019 Vienna Airport1 Passengers (millions) 29.5 23.7 31.7 24.7% -6.7% Local passengers (million) 22.8 17.8 24.3 28.2% -6.1% Transfer passengers (millions) 6.6 5.8 7.2 14.3% -7.9% Flight movements (in
Slide 4: Traffic development in 2023: Group airports
Traffic development in 2023 Flughafen Wien Group: Record high of passengers in Malta and Košice Group passenger development1 2023 2022 2019 Δ 2022 Δ 2019 Vienna Airport (millions) 29.5 23.7 31.7 24.7% -6.7% Malta Airport (millions) 7.8 5.9 7.3 33.4% 6.7% Košice Airport (millions) 0.6 0.5 0.6 15.2% 1
Slide 5: Market shares of airlines
Market 2023 Share in % Passengers PAX Δ% vs. 2022 PAX Δ% vs. 2019 shares of 1. Austrian 2. Ryanair/Lauda 46,9 20,2 13.862.273 5.954.732 24,4 20,4 1,4 124,1 airlines 3. Wizz Air 4. Eurowings 6,9 2,4 2.031.506 696.928 26,9 44,4 -2,4 -69,4 5. Turkish Airlines 2,4 695.578 21,0 26,4 6. Emirates 1,4 406.7
Slide 6: PAX increase to almost all destinations
PAX increase to almost all destinations 85% on intra-European routes 2023 thereof Western thereof − 65 airlines Europe Eastern Europe − with 203 destinations Growth above all to London, Frankfurt, +22.7% Europe +20.4% Growth e.g., to Warsaw, Sofia, +22.2% Copenhagen, Rome, Milan and Amsterdam 68.6%
Slide 7: Performance of the TOP countries in 2023
Performance of the TOP countries in 2023 vs. the record year of 2019 Top 10 countries in 2023 Top 3 winners – change vs. 2019 1-12/2019 1-12/2023 Δ 2019 Δ% 2019 1-12/2019 1-12/2023 Δ 2019 Δ% 2019 1. Germany 5,542,106 3,965,592 -1,576,514 -28.4 1. Italy 1,999,857 2,464,484 +464,627 +23.2 2. Spain 2,4
Slide 8: The most popular destinations in 2023
The most popular destinations in 2023 Long-haul destinations Summer vacation destinations Short-haul 1. Antalya 6. Larnaka 1. Bangkok 4. Toronto Mediterranean 2. Mallorca 7. Naples 2. New York 5. Chicago destinations are very 3. Barcelona 8. Nice 3. Taipeh 6. Washington, D.C. 4. Crete 9. Malaga popu
Slide 9: Ongoing good punctuality rate
Ongoing good punctuality rate All European airports >20 mn PAX – Nov. 2023 Hub airports – Nov. 2023 Sustained top Dublin 89,5% Copenhagen 83,0% performance in the Palma de Mallorca 83,3% Lufthansa Group, Copenhagen 83,0% Oslo 82,8% clearly ahead of Oslo 82,8% Munich, Zurich and Vienna 80,6% Vienna 8
Slide 10: High quality: Airlines impressed with Vienna Airport
High quality: Airlines impressed with Vienna Airport Airlines honour VIE in recognition of its high-quality service and handling Qatar Airways grants VIE the highest possible platinum status for its ground handling performance Top rating for punctuality, passenger satisfaction, check-in and baggage
Slide 11: High service quality in winter
High service quality in winter Vienna Airport is well prepared: over 500 employees on winter duty − Vienna Airport well positioned for winter & de-icing services − High handling quality even in winter Over 1,500 lorry loads of snow on the 1st heavy winter day Winter service & de-icing quality succes
Slide 12: Airline comebacks and resumption of flight service
Airline comebacks and resumption of flight service Expanded destination offering at Vienna Airport in 2023 − Air India back since February with flights to Delhi − Azerbaijan Airlines has been flying from Vienna to Baku since May − Ethiopian Airlines has also been offering flights to Copenhagen along
Slide 13: Airport Malta
Airport Malta Very good year in 2023, investments in the future − Significant traffic growth in 2023 – up 33.4% year-on-year, passenger volume in every single month was higher than the comparable 2019 level − Share of passengers in the Flughafen Wien Group rose to 20.6% (2019: 18.5%) − Extensive inv
Slide 14: Airport Košice
Airport Košice 600,000+ passengers for the first time in 2023, new flight connections in 2024 − Best year in the airport’s history featuring approx. 620,000 passengers, rise of 15.2% in 2023 vs. the previous year − Passenger volume in 2023 up 12.0% compared to 2019 (higher every month vs. 2019) − Ne
Slide 15: Traffic forecast for 2024
Traffic forecast for 2024 Flughafen Wien AG: 2019 2021 2022 2023 2024 forecast: Passengers 31.7 million 10.4 million 23.7 million 29.5 million approx. 30 million Flughafen Wien Group: 2019 2021 2022 2023 2024 forecast: Passengers 39.5 million 13.1 million 30.1 million 38.0 million approx. 39 million
Slide 16: Business development & financial guidance for 2024
Business development & financial guidance for 2024 16 16
Slide 17: Outlook reflects strong sales & earnings improvement
Outlook reflects strong sales & earnings improvement Investment drive with Capex of over € 200 million − Optimistic financial outlook for 2024 ➔ best profit for the period so far of at least € 210 million ➔ EBITDA of over € 390 million ➔ Sales of around € 970 million − Company is debt-free - EIB loa
Slide 18: Financial guidance 2024 shows significant improvements of all financial ratios
Financial guidance 2024 shows significant improvements of all financial ratios Guidance 2024 (current guidance 2023) Revenue approx. € 970 million above € 830 million EBITDA above € 390 million above € 325 million 1 Net profit for the period at least € 210 million above € 150 million Capex above € 2
Slide 19: FWAG share: price increase of 57% in 2023, new all-time high
FWAG share: price increase of 57% in 2023, new all-time high, market cap exceeds € 4 billion 800 New all-time high of the Flughafen Wien share at 700 € 52.0 at the beginning 600 of October 2023 500 Share price increase of 400 57% in 2023 300 Market capitalisation 200 exceeds € 4 billion 100 0 Flugha
Slide 20: Financial highlights Q1-3/2023
Financial highlights Q1-3/2023 Strong rise in earnings and complete elimination of debt − Substantial earnings rise in Q1-3/2023 compared to the previous year Earnings (EBITDA +30%, net profit for the period +60%) − Improved revenue and earnings indicators in Q1-3/2023 vs. Q1-3/2019 Q1-3/2023 − High
Slide 21: Significant cost pressure
Significant cost pressure Indexation of fees provides protection against inflation − Major cost increases for materials, personnel, energy and third-party services; in addition to operational and traffic-related rises, the increase in the general price level is clearly perceptible − Rise in personne
Slide 22: Gradual greening of European air traffic
Gradual greening of European air traffic National action plan urgently needed − EU law obliges us to increase the addition of alternative jet fuel from as early as next year − Quantities required for Austria: from 2025: 20,000 tonnes/year from 2030: 50,000 tonnes/year from 2035: 200,000 tonnes/year
Slide 23: AirportCity: Record level of business location projects
AirportCity: Record level of business location projects 20 new companies add 700 new jobs − Boom in business location projects: 20 new companies will add 700 new jobs at the airport hub (Enpulsion, Atlas Copco, Quehenberger, AT Plus, Boutique Aviation, AT Intermodal, ACS Logistics, Murrelectronik, K
Slide 24: Large fast e-charging station for the airport region
Large fast e-charging station for the airport region To open shortly − CO2-neutral airport operations since January 2023 − Photovoltaic facilities, e-mobility, CO₂-neutral geothermal energy/district heat, new technologies and countless other measures to improve energy efficiency have enabled the air
Slide 25: Financial calendar 2024
Financial calendar 2024 18 January: Traffic Results 2023 and Outlook 2024 28 February: Preliminary Results for the Full Year 2023 16 May: Q1/2024 Results 5 June: Annual General Meeting 10 June: Ex-dividend Date 20 August: H1/2024 Results 14 November: Q1-3/2024 Results 25
Slide 26: Contact
CONTACT Bernd Maurer Head of Capital Markets +43-1-7007-23126 +43-664-8357723 b.maurer@viennaairport.com 26 26