Flughafen Wien Ag · VIE:FLU
Flughafen Wien — Q3 2022 Earnings Presentation
21 slides from Flughafen Wien's earnings presentation, Nov 17, 2022
Slide 1: Flughafen Wien AG Q1-3/2022 Results
FLUGHAFEN WIEN AG Q1-3/2022 Results 17/11/2022
Slide 2: Q1-3/2022: Significant passenger and earnings increase vs. 2021
Q1-3/2022: Significant passenger and earnings increase vs. 2021 Q1-3/2022 rise in passenger volume to 22.3 million (+163.6%) in the Group, already about three-quarters of the pre-crisis level Considerable improvement of financial performance indicators: revenue up 85.1%, EBITDA increase of 140.1
Slide 3: 85% revenue increase compared to the previous year, sharp rise in earnings
85% revenue increase compared to the previous year, sharp rise in earnings € million Q1-3/2022 Q1-3/2021 Δ in % Revenue 508.0 274.5 85.1 Earnings before interest, tax, depreciation 256.0 106.6 140.1 and amortization (EBITDA) Earnings before interest and taxes (EBIT) 156.9 6.9 n.a. Financial results
Slide 4: Expenses increase but at a lower rate than revenue growth
Expenses increase but at a lower rate than revenue growth Expenses for consumables and € million Q1-3/2022 Q1-3/2021 Δ in % services used above the Consumables and -29.3 -19.1 53.8 services used prior-year level (+53.8%). Personnel expenses -185.5 -131.8 40.8 Other operating Personnel expenses u
Slide 5: Net liquidity of € 61.7 million achieved, CAPEX at a low level, higher equity
Net liquidity of € 61.7 million achieved, CAPEX at a low level, higher equity Q1-3/2022 Q1-3/2021 Δ in % Net liqudity (€ million)1 61.7 -150.4 n.a. Gearing (%)1 n.a. 11.4 n.a. Cash flow from operating activities (€ 234.6 43.1 n.a. million) Free cash flow (€ million) -13.0 21.4 n.a. CAPEX (€ million)
Slide 6: Share price development from 01/2016: +46%, outperforming competitors
Share price development from 01/2016: +46% outperforming competitors, market cap at about € 2.8 billion at the end of Q3/2022 100 50 +46% Indexed +7% 0 -25% -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 development from 1.1.2016 to
Slide 7: Financial guidance for 2022
Financial guidance for 2022 Up to As of As of As of 29/9/2022 13/6/2022 13/6/2022 2/8/2022 Revenue ~ € 560 mill. ~ € 640 mill. ~ € 670 mill. EBITDA > € 172 mill. > € 260 mill. > € 290 mill. Group net profit > € 20 mill. > € 80 mill. > € 100 mill. ˃ € 115 million Net debt < € 50 mill. < € 50
Slide 8: Green airport as of January 2023: CO₂ neutral operations at Vienna Airport
Green airport as of January 2023: CO₂ neutral operations at Vienna Airport Vienna Airport is significantly reducing its CO₂ emissions thanks to eight photovoltaic facilities, CO₂ neutral district heat and other projects. Eight photovoltaic facilities at the airport site – Austria’s largest photovo
Slide 9: Traffic Results 1-9/2022
TRAFFIC RESULTS 1-9/2022 9
Slide 10: Traffic development 1-9/2022 Flughafen Wien Group
Traffic development 1-9/2022 Flughafen Wien Group Δ in % Δ in % Group passenger development 1-9/2022 1-9/2021 vs. 2021 vs. 2019 Vienna Airport (millions) 17.4 6.8 156.5 -27.2 Malta Airport (millions) 4.4 1.5 185.8 -21.8 Kosice Airport (millions) 0.4 0.1 284.3 -5.3 Vienna Airport and its strategic 22
Slide 11: Shares of scheduled carriers
Shares of scheduled carriers PAX Δ zu PAX Δ zu 1-9/2022 Share in % Passengers 2021 vs. % 2019 vs. % 1. Austrian 47.0 8,194,348 138.7 -21.4 2. Ryanair/Lauda 21.2 3,693,468 216.0 98.0 3. Wizz Air 6.7 1,175,203 102.5 -23.9 4. Turkish Airlines 2.5 428,958 93.6 2.7 5. Eurowings 1.9 337,957 190.0 -80.9 6.
Slide 12: Traffic development at Vienna Airport in October 2022
Traffic development at Vienna Airport in October 2022 Δ in % 10/2022 10/2021 10/2019 zu 2019 Passengers (millions) 2.4 1.6 2.8 -14.1 Local passengers (millions) 1.8 1.2 2.1 -15.5 Transfer passengers (millions) 0.7 0.3 0.7 -10.3 Flight movements (in 1,000) 18.6 14.5 23.6 -21.0 MTOW (millions of tonne
Slide 13: Outstanding performance of Vienna Airport: Best Airport in Europe 2022
Outstanding performance of Vienna Airport: “Best Airport in Europe 2022” ACI rated Vienna Airport as the “Best Airport in Europe 2022” The key reasons: high increase in quality thanks to the modernised Terminal 2, high reliability of the airport team, professional and service-oriented COVID-19 p
Slide 14: Strong 2022/23 winter flight schedule: Airlines are returning
Strong 2022/23 winter flight schedule: Airlines are returning, expanded long-haul flight service Austrian Airlines with four new Airbus A320neo by the spring of 2023, expanded flight offering and seasonal long- haul destinations (Cancun, Mauritius, Maldives) – a total of 80 destinations. New: Trom
Slide 15: Traffic forecast for 2022
Traffic forecast for 2022 Flughafen Wien Group: 2022 2019 2020 2021 forecast Approx. 29 Passengers: 39.5 mill. 9.7 mill. 13.1 mill. mill. Vienna Airport: 2019 2020 2021 2022 forecast Approx. 23 Passengers: 31.7 mill. 7.8 mill. 10.4 mill. mill. 15
Slide 16: Segment Results Q1-3/2022
SEGMENT RESULTS Q1-3/2022 16
Slide 17: Airport: More than two-fold rise in revenue, improved earnings
Airport: More than two-fold rise in revenue, improved earnings Substantial growth in revenue and earnings € million Q1-3/2022 Q1-3/2021 Δ in % compared to the previous year due to the significant increase in passenger traffic. External revenue 237.0 113.5 108.8 EBITDA 101.4 45.3 123.8 Aircraft-r
Slide 18: Handling & Security Services: higher revenue, positive earnings
Handling & Security Services: higher revenue, positive earnings 78.3% revenue increase from ground Δ in € million Q1-3/2022 Q1-3/2021 handling to € 58.8 million attributable % to the strong growth in traffic External revenue 91.8 63.8 44.0 volume. EBITDA 11.0 0.2 n.a. Cargo handling fees down sl
Slide 19: Retail & Properties: Strong earnings increase
Retail & Properties: Strong earnings increase Higher Center Management & € million Q1-3/2022 Q1-3/2021 Δ in % Hospitality income, up 130.1% to € 45.5 million, more than double External revenue 98.2 55.5 77.0 the comparable figure for EBITDA 67.6 34.8 94.1 Q1-3/2021 (€ 19.8 million). EBIT 52.9 20.1
Slide 20: Malta: Improved revenue and earnings
Malta: Improved revenue and earnings Doubling of the external revenue of € million Q1-3/2022 Q1-3/2021 Δ in the Malta Segment to € 66.5 million in % the first nine months of 2022 External revenue 66.5 32.3 106.1 (Q1-3/2021: € 32.3 million). EBITDA 43.8 16.0 174.7 Personnel expenses up 42.8% to €
Slide 21: Thank you for your attention!
THANK YOU FOR YOUR ATTENTION! 21