Slide 1: Results Presentation 2022 full year results
1 Results Presentation 2022 full year results 28 February 2023
Slide 2: Disclaimer
Disclaimer 2 This report shows the most important data concerning Aena S.M.E., S.A. and its The Presentation contains information and statements on forecasts regarding the subsidiaries (‘Aena’ or ‘the Company’) and its management during 2022, including the Company and its group (the ‘Information and
Slide 3: Key highlights, Business trends, Financial results, Appendices
3 01 02 03 04 Key Business Financial Appendices highlights trends results
Slide 4: Key highlights
Key highlights 4 Traffic: Aena Group1 passenger traffic increased to 270.7 million (up Change in accounting policy: a change in the accounting policy 98.5% on 2021), which implies a recovery of 88.1% of the traffic in applied to rent reductions arising from lease contracts for commercial 2019. space
Slide 5: Key highlights
Key highlights 5 Investment paid: €728.1 million. These investments have focused mainly on improving airport facilities and operational security. International activity: In November 2022, the subsidiary company Bloco de Onze Aeroportos do Brasil S.A. (BOAB) was incorporated and in January 2023 share
Slide 6: Change in accounting policy applied to commercial rent reductions
Change in accounting policy applied to commercial rent reductions 6 As noted in Chapter 10. Subsequent events of the Consolidated Management This change in accounting policy has given raise to the following effects: Report at 30 September 2022, the Agenda Decision of the IFRS Interpretations Committ
Slide 7: Key highlights
Key highlights 7 Passengers1 (m): +98.5% Total Revenue (€m): +69.3% Spanish network Driven by airport 307.1 revenue (+84.5%), 4,503.3 4,237.5 13.8 Luton 18.0 270.7 commercial revenue 13.9 13.1 (+37.8%) and the 2,502.5 Northeast Brazil international business Airport Group (ANB) 275.2 11.8 136.3 4.6 2
Slide 8: OPEX
OPEX 8 OPEX1 Aena Group (€m): 39.9% Aena (excluding Luton and ANB) 2,090.7 173.4 OPEX evolution reflects: Luton 1,702.0 159.5 158.0 1,494.8 41.5 • the result of the increased activity and the full 85.6 Northeast Brazil opening of terminals and airport spaces; Airport Group (ANB) 1,543.2 1,757.8 1,36
Slide 9: Cash generated and investment paid
Cash generated and investment paid 9 Net Cash from Operating Activities (€m): +564.3% Capex paid (€m): +8.2% Net financial debt/EBITDA1 2.4x 11.55x 3.00x Spanish network 2019 2021 2022 Luton 1,032.4 81.86x Northeast Brazil 2,114.3 2021* Airport Group (ANB) 1,863.2 510.9 728.1 10.3 672.6 144.3 8.7 28
Slide 10: Performance by business area
Performance by business area 1 10 Airports Real estate 2022 Aeronautical Commercial services International 2.1% 11.4% 57.1% Total revenue €4,237.5m 29.4% +69.3% €2,418.0m €1,243.8m €90.0m €486.1m (+81.5%) (+37.5%) (+10.6%) (+160.1%) 1.6% 12.8% 71.8% Total expenses 13.8% €2,953.8m -7.9% €2,121.4m €40
Slide 11: Business trends
11 01 02 03 04 Key Business Financial Appendices highlights trends results
Slide 12: Traffic data
Traffic data 12 Passengers, aircraft movements and cargo Monthly trend in passenger traffic1 Var. % Var. % Passengers (m) 2021 Spanish Network 2022 2021 2019 2022/2021 2022/2019 Passengers 243,681,775 119,952,578 103.1% 275,247,387 -11.5% Monthly variation (%) 2022 Operations 2,216,327 1,518,847 45.
Slide 13: Traffic data
Traffic data 13 Breakdown of passenger traffic1 by markets Passenger traffic1 by airports and groups of airports Total 2022 Europe (excl. Spain) 2022 Airports/ Passengers(1) Var. Share % Var. % Var. Groups(2) (m) (%) (%) Domestic(3) International(3) 1,5% 1,1% 0,1% 2,4% 3,0% Rest of Adolfo Suárez Mad
Slide 14: Ordinary commercial revenue
Ordinary commercial revenue 14 Business area Revenue Variation (Thousands of euros) 2022 2021* € thousand % Duty-Free Shops 334,862 305,128 29,734 9.7% Food and beverage 244,104 201,957 42,147 20.9% Specialty shops 90,832 4,243 86,589 2,040.7% Car parks 146,779 76,157 70,622 92.7% Car rental 149,445
Slide 15: The world's largest Duty-Free Shops tender
The world’s largest Duty-Free Shops tender 15 Tender summary Main Distribution Growth strategy Duty-Free/Duty-Paid figures More commercial spaces Promotion of digitalisation 86 Duty-Free Shops. and new technologies 35% > sqm 66,000 Duty-Paid Wider offering Longer-term contracts of commercial area. >
Slide 16: The world's largest Duty-Free Shops tender
The world’s largest Duty-Free Shops tender 16 Asian Operators Interested companies that have proven the required solvency: Major international operators Turkey American Operators China South Korea Panama A Company India Bahrain European Operators DF Spain Switzerland Republic of France Germany Spain
Slide 17: Food and beverage tender at Adolfo Suárez Madrid-Barajas Airport
Food and beverage tender at Adolfo Suárez Madrid-Barajas Airport 17 Summary of the contract award Main MAG figures Current Contract MAG23 Awarded % Increase MAG19 55 premises. €41.7m €55.2m 32% ~ sqm 20,000 of retail space. > €1,500m % Variable Rent Tender size. Current Contract % Average Awardees %
Slide 18: Luton
Luton 18 Passengers (m) Revenue (£m) Recovery of 73.0% of Aeronautical revenue 2019 traffic. increased 153.0% to 226.9 227.3 £103.2 million. 18.0 Commercial revenue grew 13.1 by 105.2% to £124.2 million. 101.1 4.6 2019 2021 2022 2019 2021 2022 EBITDA (£m) EBITDA margin 38.5% 27.2% 40.2% 87.4 91.3 4.
Slide 19: Northeast Brazil Airport Group (ANB)
Northeast Brazil Airport Group (ANB) 19 Passengers (m) Revenue (R$m) 2019 traffic has already Aeronautical revenue been recovered (+0.1%). increased by 49% to 1,129.1 13.9 R$277.3m. Commercial 13.8 revenue increased by 29% to 11.8 R$128.7m. Construction service revenue (IFRIC 12) reaches R$723.0m as
Slide 20: Other shareholdings: Trend in passenger traffic
Other shareholdings: Trend in passenger traffic (m) 20 GAP(1) 2019 traffic has already been recovered (+16.4%). 56.7 48.7 42.9 2019 2021 2022 Aerocali SACSA +30.0% compared to +24.9% compared to 7.2 2019 traffic 2019 traffic 7.4 5.8 5.7 5.3 4.6 2019 2021 2022 2019 2021 2022 1 Includes traffic at San
Slide 21: Financial results
21 01 02 03 04 Key Business Financial Appendices highlights trends results
Slide 22: Income statement
Income statement 22 €m 2022 2021* Variation €m % Variation Ordinary revenue 4,182.2 2,428.0 1,754.2 72.2% Airports: Aeronautical 2,367.4 1,283.4 1,084.0 84.5% Airports: Commercial 1,230.5 892.9 337.7 37.8% Real Estate Services 86.6 74.2 12.4 16.7% Región de Murcia International Airport 11.9 4.4 7.5
Slide 23: Cash Flow Statement
Cash Flow Statement 23 €m 2022 2021* Variation €m % Variation Profit/(loss) before tax 1,169.6 -722.3 1,892.0 261.9% Depreciation and amortisation 795.2 796.6 Write-off of financial assets 17.4 663.1 Variation in working capital 92.7 -474.1 Financial results 100.1 39.4 Impairment of fixed assets -37
Slide 24: Appendices
24 01 02 03 04 Key Business Financial Appendices highlights trends results
Slide 25: Other financial information. Key figures. Quarterly trends
Appendix. Other financial information. Key figures. Quarterly trends. 25 Q1 Q2 Q3 Q4 Total M€ 2022 2021 Var, 2022 2021 Var, 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 21,429.1 245.1% 87,084.1 54,574.8 59.6% 66,255.2
Slide 26: Fixed and Variable Rents invoiced and collected in the period
Appendix. Fixed and Variable Rents invoiced and collected in the period. 26 Fixed and Variable Rents invoiced and collected in the period (thousands of euros) FIRST HALF THIRD QUARTER FOURTH QUARTER ANNUAL TOTAL Business areas Var. Var. Var. Var. 2019 2022 2019 2022 2019 2022 2019 2022 2022/2019 202
Slide 27: Summary of Other Operating Expenses by Company
Appendix. Summary of Other Operating Expenses by Company 27 €m 2019 2021 2022 Variation 2022/2021 Variation 2022/2019 Spanish Network 951.8 790.2 1,139.3 349.1 44.2% 187.5 19.7% Taxes 148.9 152.4 156.5 4.0 2.6% 7.6 5.1% Electricity 86.4 122.4 268.4 146.0 119.3% 182.0 210.8% Maintenance 202.8 168.9 1
Slide 28: Statement of financial position
Appendix. Other financial information. Statement of financial position. 28 €m 2022 2021* €m 2022 2021* Property, plant and equipment 12,096.2 12,373.0 Share capital 1,500.0 1,500.0 Intangible assets 806.7 637.3 Share premium 1,100.9 1,100.9 Real estate investments 133.9 136.7 Retained earnings/(loss
Slide 29: Aena S.M.E., S.A. debt
Appendix. Other financial information. Aena S.M.E., S.A. debt 29 Maturity schedule of Aena’s long-term debt1 Debt breakdown by type and average Total: €7,006.7m Average life: 6.4 years interest rate for the period Debt (€m) % of debt Fixed Variable 8.5% 28.5% 16.8% 11.4% 10.9% 34.0% 1.04% Average ra
Slide 30: Passenger data by airport groups
Appendix. Passenger data by airport groups1. 30 2021 2022 Traffic 2022 vs 2021 Adolfo Suárez Barcelona-El Prat Palma Canary Islands (m Passengers) Group I Group II2 Group III Aena Madrid-Barajas Airport Josep Tarradellas Airport de Mallorca Airport Group 109.8% 120.6% 97.1% 89.2% 101.4% 106.4% 61.3%
Slide 31: Passenger data by airport groups
Appendix. Passenger data by airport groups1. 31 2019 2022 Traffic 2022 vs 2019 Adolfo Suárez Barcelona-El Prat Palma Canary Islands (m Passengers) Group I Group II2 Group III Aena Madrid-Barajas Airport Josep Tarradellas Airport de Mallorca Airport Group -18.0% -21.0% -3.9% -3.5% -7.7% -8.8% -3.7% -
Slide 32: Traffic information. Traffic by airline
Appendix. Traffic information. 32 Traffic by airline (top 10) Variation Share (%) Carrier Passengers(1) 2022 Passengers(1) 2021 % Passengers 2022 2021 Ryanair(2) 52,170,229 23,377,959 123.2% 28,792,270 21.4% 19.5% Vueling 40,352,762 22,278,857 81.1% 18,073,905 16.6% 18.6% Iberia 17,888,504 9,780,350
Slide 33: Traffic information. Traffic by origin/destination
Appendix. Traffic information. 33 Traffic by origin/destination (top 15) Variation Share (%) Country Passengers(1) 2022 Passengers(1) 2021 % Passengers 2022 2021 Spain 82,672,424 52,322,050 58.0% 30,350,374 33.9% 43.6% United Kingdom 37,094,792 9,855,143 276.4% 27,239,649 15.2% 8.2% Germany 23,922,3
Slide 34: Alternative Performance Measures
Appendix. Alternative Performance Measures 34 In addition to the financial information prepared under the International Financial In the note relating to the financial information by business segment of the annual report, Reporting Standards adopted by the European Union (IFRS-EU), the reported fina
Slide 35: Alternative Performance Measures
Appendix. Alternative Performance Measures 35 2. Measures of the financial position Cash and cash equivalents Net Debt: The Net Debt is the main APM used by Management to measure the Definition contained on p. 7 of IAS 7 ‘Cash flow statement’. Company’s level of indebtedness. It is calculated as the
Slide 36: Thank you
36 Thank you Towards Sustainable Development Social Economic Environmental Development Development Sustainability Company committed to the United Nations Sustainable Development Goals (SDGs)