Slide 1: Flughafen Wien Group: Good performance for 2016
FLUGHAFEN WIEN GROUP: GOOD PERFORMANCE FOR 2016 Top results despite extraordinary depreciation for the 3rd Runway
Slide 2: 2016: Successful year with record results – full consolidation of Malta Airport
2016: Successful year with record results – full consolidation of Malta Airport Good business development in 2016: revenue increase of 3.0% EBITDA of € 329.8 million (+5.5%) at an all-time high – Net profit for the period1 slightly above the prior-year level, at € 112.6 million (+0.7%) Extraordinary
Slide 3: Current developments
Current developments FMA ruling – full consolidation of Malta Airport ✈ FMA ruling on Dec. 27, 2016 – no suspensive effect possible if the decision is appealed ✈ Consolidated financial statements for 2016 and the quarterly results for 2016 are retroactively adjusted 3rd Runway – Adverse decision by
Slide 4: Sustainably positive development of EBITDA margin shows substantial productivity increase
Sustainably positive development of EBITDA margin shows substantial productivity increase 45% 40% 35% 30% 25% 43.4% 44.5% 20% 41.7% 37.7% 40.1% 15% 30.7% 10% 5% 0% 2011 2012 2013 2014 2015 2016 Values for 2011-2014: pro forma calculation, 4 Values for 2015-2016 adjusted due to FMA ruling All financi
Slide 5: EBITDA at a record level of € 329.8 million
EBITDA at a record level of € 329.8 million (+5.5%) – 0.7% improvement in the net profit – dividend proposal of € 0.625/share (+25.0%) in € million 2016 2015 ∆ in % Revenue 741.6 720.2 +3.0 Earnings before interest, tax, depreciation 329.8 312.5 +5.5 and amortization (EBITDA) Earnings before interes
Slide 6: Expenses: Slight rise in cost level (+1.5%) from the previous year
Expenses: Slight rise in cost level (+1.5%) from the previous year ✈ Expenses for consumables and services used down € 1.3 million from the prior-year in € million 2016 2015 ∆ in level mainly due to savings in energy costs % (€ 2.1 million) despite higher de-icing Consumables and expenses services u
Slide 7: Positive dividend development: +150% since 2011
Positive dividend development: +150% since 2011 Dividends (€/share) 0,750 +150% 0,500 0.625 0,250 0.500 0.413 0.325 0.250 0.263 0,000 2011 2012 2013 2014 2015 2016 ✈ The Management Board will propose a dividend increase to € 0.625 per share (+25.0% from € 0.50/share in 2015) to the AGM ✈ Dividend pa
Slide 8: Substantial reduction of net debt by € 132.4 million
Substantial reduction of net debt by € 132.4 million 2016 2015 ∆ in % Net debt (€ million) 355.5 487.8 -27.1 Gearing (%) 31.1 42.8 -11.7%p Cash flow from operating activities 255.1 255.5 -0.2 (€ million) Free cash flow (€ million) 141.0 104.4 +35.0 CAPEX (€ million)1 92.0 87.1 +5.6 Equity (€ million
Slide 9: Improved terms of maturity: net debt reduced to € 355.5 million
Improved terms of maturity: net debt reduced to € 355.5 million Terms to maturity (as at Dec. 31, 2016, in € million) 500 400 300 200 100 0 2017 2018 2019 2020 2021 Financial liabilities Due in the current year All financial indicators for 2016 refer to the preliminary annual results for 2016. The f
Slide 10: Free cash flow reflects strong financial position
Free cash flow reflects strong financial position in € million 2016 2015 ∆ in % ✈ Increase in the free cash flow mainly due to higher cash inflows form the sale of non-current Cash flow from operating assets available for sale 255.1 255.5 -0.2 activities Cash flow from investing ✈ Investments includ
Slide 11: Share price development since January 2012: 258% rise in value
Share price development since January 2012: 258% rise in value, market capitalisation of over € 2 billion 400 +258% 350 300 Indexed to 100 250 +121% 200 150 +46% 100 50 FWAG ATX Benchmark (FRA, ADP, ZRH) average Share price development from Jan. 1, 2012 to Feb. 24, 2017 11
Slide 12: Share-related indicators
Share-related indicators 2016 Share price on Dec. 31, 2016 (in €) 23.40 Market capitalisation on Dec. 31, 2016 (in € million) 1,966 Earnings per share (in €) 1.22 Market capitalisation/EBITDA multiple 5.96 EV/EBITDA multiple1 7.04 Price/earnings ratio 19.15 Price/cash flow ratio 7.71 Price/book valu
Slide 13: Vienna Airport continues on its growth path
Vienna Airport continues on its growth path ✈ MOXY Hotel to open at the end of March 2017, 20,000 m² of new office space with Office Park 4 as of 2020 ✈ Expansion of Air Cargo Center by 15,000 m² by the end of 2017 ✈ Investments of € 30 million in measures to reduce CO2 emissions – a 5,000 m² photov
Slide 14: 3rd runway is essential for the future of Austria as a business location
3rd runway is essential for the future of Austria as a business location Global flight traffic is increasing: +4% annual passenger growth up to 2040 Airports are massively expanding: 394 new airports around the world – numerous expansion and new construction projects in Berlin, London, Lisbon, Turke
Slide 15: Guidance for 2017 – Further earnings improvement expected
Guidance for 2017 – Further earnings improvement expected Outlook 2017 Revenue > € 740 million EBITDA > € 315 million Group profit for the period1 > € 120 million Net debt < € 350 million CAPEX > € 100 million 1) Before non-controlling interests 15
Slide 16: Segment Results 2016
16 => ANI Vienna International Airport
Slide 17: 2016 was a record year for the Flughafen Wien Group – 2017 begins with strong growth
2016 was a record year for the Flughafen Wien Group – 2017 begins with strong growth Very good passenger development: first-time threshold of 23.4 million passengers at VIE – 2017 begins with 7.9% increase in passenger volume at VIE in January Record year for the Flughafen Wien Group: 28.9 million p
Slide 18: Airport: Passenger record, increased revenue and cost reduction
Airport: Passenger record, increased revenue and cost reduction ✈ Passenger record of 23.4 million ∆ in passengers (+2.5%) at Vienna Airport in € million 2016 2015 % External revenue 370.8 359.2 +3.2 ✈ Effects of situation in Turkey, Russia and North Africa more than EBITDA 172.2 153.1 +12.5 compens
Slide 19: Handling: Higher revenue due to larger aircraft, new customers and more cargo
Handling: Higher revenue due to larger aircraft, new customers and more cargo ✈ Rise in revenue due to deployment of ∆ in in € million 2016 2015 larger aircraft, new customers for apron % handling, expansion of passenger External revenue 158.4 151.3 +4.7 handling, higher cargo volumes and new EBITDA
Slide 20: Retail & Properties: Strong growth in the F&B business
Retail & Properties: Strong growth in the F&B business ✈ Slight crisis-related decline in income ∆ in per passenger (drop when it comes to in € million 2016 2015 % more affluent passenger groups), also related to renovation work External revenue 123.9 128.2 -3.4 – PRR of € 1.98 (2015: € 2.05) EBITDA
Slide 21: Malta: Earnings increase thanks to strong passenger growth
Malta: Earnings increase thanks to strong passenger growth ✈ +10.0% increase in passenger in € million 2016 2015 ∆ in volume in 2016 % External revenue 73.1 67.0 +9.1 ✈ Substantial revenue rise reflects EBITDA 38.9 34.6 +12.6 traffic development: Airport and EBIT 30.3 26.1 +15.9 Retail & Properties
Slide 22: Results of strategic investments in 2016
Results of strategic investments in 2016 Malta Int. Airport Kosice Airport1 ✈ About 5.1 million passengers ✈ About 0.4 million passengers (+10.0%) (+6.4%) ✈ Revenue: € 73.1 million ✈ Revenue: € 9.1 million ✈ EBITDA: € 40.0 million ✈ EBITDA: € 2.7 million ✈ EBITDA margin: 54.7% ✈ EBITDA margin: 29.1%
Slide 23: Traffic development in January 2017 of the Flughafen Wien Group
Traffic development in January 2017 of the Flughafen Wien Group Group passenger development 1/2017 1/2016 ∆ in % Vienna Airport (millions) 1.45 1.34 +7.9 Malta Airport (millions) 0.30 0.24 +27.3 Kosice Airport (millions) 0.03 0.02 +8.8 Flughafen Wien AG and strategic 1.77 1.60 +10.8 investments (VIE
Slide 24: New flight offerings and discontinuation of flight service in 2017
New flight offerings and discontinuation of flight service in 2017 ✈ Austrian Airlines ✈ Eurowings New: Los Angeles, Mahé (Seychelles), New: Birmingham, Brindisi, Ibiza, Burgas, Gothenburg, Shiraz Jerez, Kavala, Lamezia Terme, Las Increased frequencies: Cairo, Palmas, Madrid, Malaga, Malta, Frankfur
Slide 25: Traffic forecast for 2017
Traffic forecast for 2017 Flughafen Wien Group: 2016 Forecast 2017 Passengers 28.9 million +1% to +3% Flughafen Wien AG: 2016 Forecast 2017 Passengers 23.4 million 0% to +2% ✈ Recovery of flight traffic to Eastern Europe ✈ Far-reaching capacity reductions due to the restructuring of the airberli
Slide 26: 3rd Runway: Many opinions, few facts – a few clarifications
3rd Runway: Many opinions, few facts – a few clarifications 3rd Runway creates more capacity at peak hours: today 72 starts and landings/hour are possible (almost reached already in 2008) – up to 100 flight movements per hour with the 3rd Runway Only 1.6x capacity despite two runways: runways at VIE
Slide 27: Aviation makes a major contribution: CO2 capped at 2012 ceiling
Aviation makes a major contribution: CO2 capped at 2012 ceiling, emissions cut in half by 2050, CO2 certificates Comprehensive binding stipulation exist to reduce CO2 emissions arising from flight traffic: EU ETS (Emission Trading Scheme): Ensures that flight traffic growth remains CO2-neutral since
Slide 28: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 28