Aena Sme Sa · BME:AENA
Aena Sme Sa — H1 2022 Earnings Presentation
28 slides from Aena Sme Sa's earnings presentation, Jul 30, 2022
Slide 1: Results Presentation
Results Presentation For the six-month period ended 30 June 2022 27 July 2022
Slide 2: Disclaimer
Disclaimer This report shows the most important data concerning Aena S.M.E., S.A. and its subsidiaries (‘Aena’ or ‘the Company’) and its management during the first six months of 2022, including the most relevant information on all business areas, the main figures and the lines of action that have g
Slide 3: Contents
Contents I. Key highlights II. Business trends III. Financial results IV. Appendices 3
Slide 4: I. Key highlights
I. Key highlights Passengers (1) (m): 257.3% Total Revenue (€m): 99.4% ANB (Brazil) 1,720.6 38.1% 117.3 6.8 Luton 5.6 558.0% 862.9 32.8 Spanish 104.9 4.9 network 0.9 27.1 287.7% H1 2021 H1 2022 H1 2021 H1 2022 Spanish network Luton ANB (Brazil) EBITDA(2) (€m): 1,184.7% Net profit (€m): 147.3% Net Ca
Slide 5: I. Key highlights: Current situation
I. Key highlights: Current situation Traffic: Aena Group1 passenger traffic increased to 117.3 million (up 257.3% compared to 2021), which implies a recovery of 81.8% of the traffic in 2019. At network airports in Spain, traffic increased by 287.7% (up to 104.9 million passengers), equivalent to 82.
Slide 6: I. Key highlights: Current situation
I. Key highlights: Current situation Financing: As of 30 June 2022, Aena has cash and credit facilities totalling €2,421.4 million. In addition to these, up to €900 million can be issued under the Euro Commercial Paper (ECP) programme, of which no amount has been issued. On 23 December 2021, Aena ob
Slide 7: Contents
Contents I. Key highlights II. Business trends III. Financial results IV. Appendices 7
Slide 8: II. Traffic data
II. Traffic data Monthly trend in passenger traffic(1) Passengers, aircraft movements and cargo Passengers (m) Spanish Network H1 2022 H1 2021 Variation Monthly variation (%) 24.3 457.2% 25,0 434.3% 22.3 500,0% Passengers 104,939,237 27,065,045 287.7% 20.5 387.1% 450,0% Operations 1,023,662 519,810
Slide 9: II. Commercial information. Ordinary revenue
II. Commercial information. Ordinary revenue Business area Revenue Variation (Thousands of euros) H1 2022 H1 2021 € thousand % Duty-Free Shops 62,251 191,167 -128,916 -67.4% Food and beverage 74,401 69,780 4,621 6.6% Specialty shops 20,990 22,784 -1,794 -7.9% Car parks 62,768 20,789 41,979 201.9% Ca
Slide 10: II. Commercial information. Ordinary revenue summary
II. Commercial information. Ordinary revenue summary Commercial and Real Estate Revenue Revenue Variation (Millions of euros) H1 2022 H1 2021 € million % Total business activity 606.8 233.8 373.0 159.5% Fixed and Variable Rents invoiced and collected in the period 521.6 166.0 355.6 214.2% MAG revenu
Slide 11: II. Fixed and Variable Rents invoiced and collected in the period
II. Commercial information. Fixed and Variable Rents invoiced and collected in the period Fixed and Variable Rents invoiced and collected in the period (Thousands of euros) FIRST QUARTER SECOND QUARTER FIRST HALF Business area Var. Var. Var. Var. Var. Var. 2019 2021 2022 2022/2021 2022/2019 2019 202
Slide 12: II. Other operating expenses
II. Other operating expenses Variation Q1 Variation Q1 Variation Q2 Variation Q2 Variation H1 Variation H1 FIRST QUARTER SECOND QUARTER FIRST HALF 2022/2021 2022/2019 2022/2021 2022/2019 2022/2021 2022/2019 €m 2019 2021 2022 € % € % 2019 2021 2022 € % € % 2019 2021 2022 € % € % Aena S.M.E., S.A.1 32
Slide 13: II. Performance by business area
II. Performance by business area(1) Airports H1 2022 Aeronautical Commercial Real estate services International 12.2% 2.4% Total revenue 23.1% 62.3% €1,720.6m +99.4% €1,072.3m €398.0m €41.6m €209.6m (192.5%) (0.3%) (-3.6%) (265.4%) 1.8% 10.5% Total 13.4% expenses 74.5% €1,483.0m +12.6% €1,104.4m €19
Slide 14: II. International shareholdings
II. International shareholdings Luton Passengers (m) Revenue (£m) EBITDA (£m) 5.6 99.2 39.4 558.0% 306.4% 1,444.1% 0.9 24.4 74.8m 4.7m -2.9 42.3m H1 2021 H1 2022 H1 2021 H1 2022 H1 2021 H1 2022 ANB (Brazil) Passengers (m) Revenue (R$m) EBITDA (R$m) 38.1% 6.8 473.6 218.1 4.9 196.4% 144.2% 1.9m 159.8
Slide 15: Contents
Contents I. Key highlights II. Business trends III. Financial results IV. Appendices 15
Slide 16: III. Financial results
III. Financial results Total Revenue (€m): 99.4% OPEX(1) (€m) EBITDA(2) (€m): 1,184.7% EBITDA -6.7% 36.7% 192.5% 40.0% 1,055.2 margin Aeronautical 1,720.6 5% 631.3 862.9 23% 2% 754.0 3% 7% 3% 5% 30.2% 0.3% Ex-Luton 46% Commercial Ex-ANB 62% H1 2021 H1 2022 42% -58.2 H1 2021 H1 2022 H1 2021 H1 2022 O
Slide 17: III. Income statement
III. Income statement €m H1 2022 H1 2021 Variation €m % Ordinary revenue 1,694.4 829.8 864.6 104.2% Airports: Aeronautical 1,047.7 343.1 704.7 205.4% Airports: Commercial 392.0 391.3 0.7 0.2% Real Estate Services 40.7 36.9 3.8 10.3% Región de Murcia International Airport 4.5 1.9 2.7 143.4% Internati
Slide 18: III. Cash Flow Statement
III. Cash Flow Statement Variation €m H1 2022 H1 2021 €m % Profit/(loss) before tax 207.9 -488.3 696.2 142.6% Depreciation and amortisation 393.7 396.1 Variation in working capital 82.3 -227.8 Financial results 45.1 43.8 Impairment of fixed assets -27.4 89.1 Commercial discounts (application of IFRS
Slide 19: Contents
Contents I. Key highlights II. Business trends III. Financial results IV. Appendices 19
Slide 20: IV. Appendix. Key figures. Quarterly trends
IV. Appendix. Other financial information. Key figures. Quarterly trends First Quarter Second Quarter Total €m 2022 2021 Var. 2022 2021 Var. 2022 2021 Var. Consolidated Traffic (thousands of passengers) 1 43,387.7 11,413.8 280.1% 73,954.4 21,429.6 245.1% 117,342.1 32,842.9 257.3% Spanish network tra
Slide 21: IV. Appendix. Statement of financial position
IV. Appendix. Other financial information. Statement of financial position €m H1 2022 2021 €m H1 2022 2021 Property, plant and equipment 12,152.0 12,373.0 Share capital 1,500.0 1,500.0 Intangible assets 716.3 637.3 Share premium 1,100.9 1,100.9 Real estate investments 135.9 136.7 Retained earnings/(
Slide 22: IV. Appendix. Aena S.M.E., S.A. debt
IV. Appendix. Other financial information. Aena S.M.E., S.A. debt Maturity schedule of Aena’s long-term debt(1) Distribution of debt by type Total: €7,260.5m Average life: 6.9 years and average interest rate for the period 3.7% 8.2% 27.5% 16.2% 10.8% 33.6% H1 2022 Fixed 2021 Debt (€ millions) % of d
Slide 23: IV. Appendix. Passenger data by airport groups
IV. Appendix. Passenger data by airport groups(1) Traffic H1 2022 vs H1 2021 (m Passengers) Adolfo Suárez Barcelona-El Prat Palma Canary Islands Group I Group II(2) Group III Aena Madrid-Barajas Airport Josep Tarradellas Airport de Mallorca Airport Group TOTAL PASSENGERS 237.6% 364.5% 255.5% 245.6%
Slide 24: IV. Appendix. Traffic by airline (top 10)
IV. Appendix. Traffic information. Traffic by airline (top 10) Variation Share (%) Passengers Passengers Carrier (1) % Passengers H1 2022 H1 2021 H1 2022 (1) H1 2021 Ryanair(2) 23,446,526 3,393,417 590.9% 20,053,109 22.3% 12.5% Vueling 16,492,676 4,715,121 249.8% 11,777,555 15.7% 17.4% Iberia 8,020,
Slide 25: IV. Appendix. Traffic by origin/destination (top 15)
IV. Appendix. Traffic information. Traffic by origin/destination (top 15) Variation Share (%) Passengers(1) Passengers(1) Country % Passengers H1 2022 H1 2021 H1 2022 H1 2021 Spain 36,088,359 14,906,509 142.1% 21,181,850 34.4% 55.1% United Kingdom 15,636,089 575,270 2,618.0% 15,060,819 14.9% 2.1% Ge
Slide 26: IV. Appendix. Alternative Performance Measures
IV. Appendix. Alternative Performance Measures In addition to the financial information prepared under the International Financial Reporting Standards adopted by the European Union (IFRS-EU), the reported financial information includes certain alternative performance measures (APM) in order to compl
Slide 27: IV. Appendix. Alternative Performance Measures
IV. Appendix. Alternative Performance Measures 2. Measures of the financial position Net Debt: The Net Debt is the main APM used by Management to measure the Company’s level of indebtedness. It is calculated as the total ‘Financial Debt’ (Non-current Financial Debt + Current Financial Debt) that app
Slide 28: Thank you
Thank you Towards Sustainable Development Social Economic Environmental Development Sustainability Development Company committed to the United Nations Sustainable Development Goals (SDGs)