Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Shareholder Meeting (May 2022)
37 slides from Flughafen Wien's shareholder meeting presentation, May 27, 2022
Slide 1: 34th Annual General Meeting
FLUGHAFEN WIEN GROUP 34th Annual General Meeting 27 May 2022
Slide 2: 2021: positive net profit despite the coronavirus crisis; 2022 upswing expected
2021: positive net profit for the period despite the coronavirus crisis; 2022: economic upswing expected The COVID-19 pandemic resulted in the worst crisis in the history of aviation: positive Group net profit for the period achieved in spite of passenger volumes of approx. 30% of the pre-crisis l
Slide 3: Q1/2022: significant rise in passenger volumes and earnings vs. prior year
Q1/2022: significant rise in passenger volumes and earnings vs. prior year Five-fold increase in passenger volumes in Q1/2022 to 3.7 million passengers in the Group, but still only about half of the pre-crisis level Considerable improvement of financial indicators: revenue up 92.9% and a net pro
Slide 4: Earnings and revenue improvement compared to 2020, positive net result
Earnings and revenue improvement compared to 2020, positive net result in € million 2021 2020 Revenue 407.0 333.7 Earnings before interest, tax, depreciation and amortization 154.4 54.1 (EBITDA) Earnings before interest and taxes (EBIT) 20.0 -86.5 Financial results -10.4 -14.4 Earnings before tax (E
Slide 5: Positive Group net result in 2021, earnings rise expected in 2022
Positive Group net result in 2021, earnings rise expected in 2022 200 150 100 176 152 in € million 112 113 127 50 92 79 81 20 7 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20221 -50 -76 -100 Profit for the period before non-controlling interests: figures adjusted for 2012-2015 5 1) Guidance
Slide 6: Lower net debt against the backdrop of positive free cash flow
Lower net debt against the backdrop of a positive free cash flow and reduction in CAPEX 2021 2020 Net debt (€ million)1 150.4 201.9 Gearing (%)1 11.4 15.5 Cash flow from operating activities (€ million) 105.8 -23.0 Free cash flow (€ million) 66.9 -0.5 CAPEX (€ million)2 51.6 79.9 Equity (€ million)1
Slide 7: Share price increase since 01/2016 and outperformance of competitors
Share price increase since 01/2016: +21% and thus outperformance of competitors, market capitalisation of about € 2.2 billion at the end of Q1/2022 100 50 +21% Indexed 0 +6% -14% -50 -100 31.12.2015 31.12.2016 31.12.2017 31.12.2018 31.12.2019 31.12.2020 31.12.2021 FWAG Fraport ZRH Share price develo
Slide 8: Austria's largest photovoltaic plant put into operation at Vienna Airport
Focus on sustainability: Austria’s largest photovoltaic plant put into operation at Vienna Airport in May 2022 Output of about 24 MW peak supplied by photovoltaic installations spanning an area of about 24 hectares Eight PV facilities will generate 30 million KWh of electricity in the future – o
Slide 9: 2023: Vienna Airport will operate as a CO2-neutral green airport
2023: Vienna Airport will operate as a CO₂- neutral “green airport” Vienna Airport is significantly reducing its CO₂ emissions thanks to eight photovoltaic facilities, CO₂-neutral district heat and other projects. Vienna Airport operates eight photovoltaic plants on the airport grounds as of May 2
Slide 10: Innovation, digitalisation and automation as responses to challenges
Innovation, digitalisation and automation as responses to current and future challenges The coronavirus crisis has served to accelerate innovation “Seamless travelling” as a convenience promise for the future of travelling Innovation, digitalisation and automation are the main trends VIE is
Slide 11: Human resources development and employer branding as major challenges
Human resources development and “employer branding” as major challenges Demographic gaps aggravate shortages on the labour market Competition for talents requires extensive further development towards a “great place to work” Value-based corporate culture as the basis for a convincing “employer
Slide 12: Vienna Airport is growing strongly: business location projects create 1,000 new jobs
Vienna Airport is growing strongly: many business location projects create 1,000 new jobs at the site Airport Region is growing despite the crisis ➢ 1,000 new jobs due to new business location projects ➢ Swissport opens a new air cargo centre in May. ➢ New DLH SkyLog Park Vienna with 25,000 m² of
Slide 13: Financial guidance for 2022
Financial guidance for 2022 Outlook 2022 Revenue approx. € 560 million EBITDA at least € 172 million Group profit for the period at least € 20 million Net debt below € 50 million CAPEX about € 84 million A continued outperformance of passenger traffic compared to the budgeted figures would
Slide 14: Traffic Results Review of 2021
TRAFFIC RESULTS REVIEW OF 2021 14
Slide 15: Traffic development in the Flughafen Wien Group in 2021
Traffic development in the Flughafen Wien Group in 2021 Group passenger Δ in % Δ in % 2021 2020 2019 development 2020 2019 Vienna Airport (millions) 10.4 7.8 31.7 +33.2 -67.1 Malta Airport (millions) 2.5 1.7 7.3 +45.3 -65.2 Kosice Airport (millions) 0.2 0.1 0.6 +72.7 -70.0 Vienna Airport and its str
Slide 16: Traffic development at Vienna Airport in 2021
Traffic development at Vienna Airport in 2021 Traffic development Vienna Airport 2021 2020 2019 Δ% 2020 Δ% 2019 Passengers (millions) 10.4 7.8 31.7 +33.2 -67.1 Local passengers (millions) 7.8 6.3 24.3 +24.6 -67.7 Transfer passengers (millions) 2.5 1.5 7.2 +67.9 -65.0 Flight movements (in 1,000) 111.
Slide 17: Shares held by carriers in 2021
Shares held by carriers in 2021 2021 Share in Passengers PAX Δ% vs. 2020 PAX Δ% vs. 2019 % 1. Austrian Airlines 48.0 4,995,915 65.2 -63.5 2. Ryanair/Lauda 18.8 1,956,721 68.9 -26.4 3. Wizz Air 8.7 903,850 4.5 -56.6 4. Turkish Airlines 3.1 318,256 54.5 -42.2 5. Eurowings 1.8 188,188 -48.1 -91.7 6. KL
Slide 18: Passenger traffic: highlights in 2021
Passenger traffic: highlights in 2021 Flughafen Wien AG Vienna Airport was served by 66 airlines from January to December 2021 flying to 190 destinations in 63 countries in scheduled flight traffic (2019: 77 airlines, 217 destinations, 68 countries). Less than one-fifth of total annual passenger
Slide 19: Vienna Airport is the most punctual hub in the EU
Vienna Airport is the most punctual hub in the EU – third most punctual in all of Europe 19 EU and European airports with more than 20 million passengers in 2019 Source: OAG Illustration in German
Slide 20: Segment Results 2021
SEGMENT RESULTS 2021 ANDERES BILD 20
Slide 21: Airport: EBITDA and EBIT improvement thanks to recovery of passenger traffic
Airport: EBITDA and EBIT improvement thanks to recovery of passenger traffic Much higher revenue due to recovery of in € million 2021 2020 Δ in % passenger volumes and flight movements External revenue 169.5 133.0 +27.4 EBITDA 69.3 17.1 n.a. Income from aircraft-related fees rose 62.2% year-on-y
Slide 22: Handling & Security Services: higher revenue due to volume increase
Handling & Security Services: higher revenue due to the volume increase Proceeds from ground handling up in € million 2021 2020 Δ in % 18.2% to € 51.4 million External revenue 94.4 86.1 +9.7 Income from cargo handling of € 28.3 EBITDA 3.6 -19.6 n.a. million at the prior-year level EBIT -5.8 -28.
Slide 23: Retail & Properties: increased revenue, strong earnings improvement
Retail & Properties: increased revenue, strong earnings improvement Higher proceeds from Center in € million 2021 2020* Δ in % Management & Hospitality, rising 33.2% External revenue 82.4 70.5 +16.9 to € 34.1 million (2020: € 25.6 million) EBITDA 48.0 34.5 +39.0 Parking income up 19.3% year-on-y
Slide 24: Malta: increased revenue and earnings
Malta: increased revenue and earnings Airport-related income climbed 55.7% in € million 2021 2020 Δ in % year-on-year to € 27.8 million, a rise primarily attributable to higher External revenue 47.4 32.2 +47.3 passenger volumes EBITDA 24.5 5.8 n.a. Retail & Properties revenue rose by EBIT 11.0 -
Slide 25: Business results of Košice Airport in 2021
Business results of Košice Airport in 2021 Košice Airport indicators* About 0.2 million passengers (+72.7%) Revenue: € 9.0 million EBITDA: € 2.0 million EBITDA margin: 21.9% Net profit for the period: € 0.3 million *preliminary figures 25
Slide 26: Current Traffic Results and Developments
CURRENT TRAFFIC RESULTS AND DEVELOPMENTS 26
Slide 27: Flughafen Wien Group: traffic development 1-4/2022
Flughafen Wien Group: traffic development 1-4/2022 Δ in % vs. Group passenger development 1-4/2022 1-4/2021 Δ in % 2019 Vienna Airport (millions) 4.7 0.8 >400 -46.3 Malta Airport (millions) 1.2 0.1 >500 -36.1 Kosice Airport (millions) 0.1 0.0 >500 -24.8 Vienna Airport and its strategic investments (
Slide 28: Cargo development at Vienna Airport 1-4/2022
Cargo development at Vienna Airport 1-4/2022 Cargo in to Δ Δ% Month 2019 2020 2021 2022 2021 2021 Jan-Mar 66,641 63,324 59,825 61,030 +1,205 +2.0 Apr 23,535 14,539 21,803 21,934 +130 +0.6 Jan-Apr 90,177 77,863 81,628 82,963 +1,335 +1.6 Tonnage in 2022 (1-4) only 8% below 2019 Strong growth of be
Slide 29: Outlook for the summer of 2022
Outlook for the summer of 2022 Positive outlook for the upcoming summer months ~60 airlines with up to 190 destinations in 60 countries Numerous offerings in Europe and the Mediterranean Austrian Airlines with 110 destinations and 1,300 weekly frequencies Focus mainly on tourist destinations i
Slide 30: Strategies: from the crisis into the future
Strategies: from the crisis into the future Good cooperation with the home carrier (Austrian Airlines) Recovery of connectivity to strengthen the hub function Redevelopment of various markets (e.g., Germany and UK) Marketing of Vienna as a destination Focus: long-haul flight connections fr
Slide 31: Traffic forecast for 2022
Traffic forecast for 2022 Forecast Flughafen Wien Group: 2019 2020 2021 2022 approx. 21 Passengers: 39.5 mill. 9.7 mill. 13.1 mill. million 2020 Forecast Vienna Airport: 2019 2021 2022 approx. 17 Passengers: 31.7 mill. 7.8 mill. 10.4 mill. million An updated traffic forecast is to be expected
Slide 32: Current status of investment projects at Vienna Airport
Current status of investment projects at Vienna Airport Already implemented Renovation and redesigning of Terminal 2 New centralised security checks New Vienna Lounge Modernisation of bus gates Planned Southern Extension terminal project On hold Renovation of Pier East 32
Slide 33: Newly-designed Terminal 2 put into operation
Newly-designed Terminal 2 put into operation – a travel experience in a class of its own Vienna Airport put the newly designed Terminal 2 into operation on 29 March 2022 Light-flooded hall with boarding card checks Centralised security checkpoints Additional baggage claim conveyor belts Ne
Slide 34: New restaurant offerings for travellers
New restaurant offerings for travellers: Hollywood at the airport and more Austrian brands for passengers More restaurant and shopping offerings More Austrian brands Long-term contractual agreements 34
Slide 35: Malta: redevelopment and expansion projects during and after the crisis
Malta: redevelopment and expansion projects during and after the crisis Car park with 1,300 parking spaces opened at the end of 2020 Newly-designed food court invites travellers to spend time there Airport apron expansion project launched, scheduled for completion in 2026 Planned constructio
Slide 36: Private Shareholders Day 2022
Private Shareholders Day 2022 The next Private Shareholders Day of Flughafen Wien AG will take place (in German) on 21 September 2022 1:30 to 4:30 p.m. in the AirportCity Space, Office Park 4 building at Vienna Airport. You can find further information at www.viennaairport.com/privataktionaerstag It
Slide 37: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 37